Sunday, August 14, 2016

Eastplats closes C$348m financing

December 31, 2010 by · Leave a Comment 

Eastern Platinum has completed a C$347,6-million equity financing, the firm said on Thursday.

Eastplats issued 224,25-million shares, including the exercise of the full over-allotment option in the offering.

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ArcelorMittal sweetens Baffinland offer to match rival bid

December 31, 2010 by · Leave a Comment 

The steelmaker said Friday it has raised its offer for control of Baffinland Iron Mines to C$1.40/share to match a rival offer from Nunavut Iron

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Metals end 2010 on the up

December 31, 2010 by · Leave a Comment 

All but one of the European base metals markets ended higher in 2010 with copper and tin expected to continue strongly into 2011

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Commodity spiral could lead to demand destruction and price reversals

December 31, 2010 by · Leave a Comment 

Higher and higher commodity prices and likely moves in China to combat growing inflation could see commodity prices fall sharply in 2011

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Silver up 80% in 2010 but can this rate of advance continue?

December 31, 2010 by · Leave a Comment 

Silver has been one of the best performing commodities of all in 2010, but the better part of its rise has only been in the past few weeks – can this stellar performance be maintained?

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Gold ends year up 27.7% but silver and palladium far better

December 31, 2010 by · Leave a Comment 

The LBMA, which sets the official London gold price, is now closed for the New Year but before doing so set the final fix for 2010 at $1410.25 – a rise of 27.7% on the year

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South Africa’s coal exports back on the rails with Transnet

December 31, 2010 by · Leave a Comment 

Railway lines reopened after Monday’s derailment on Richards Bay coal export route. Transnet says it will recover losses, but won’t disclose how. Coal producers blame dilapidated rolling stock.

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Baffinland courtship: Nunavut Iron moves to out-sweeten rival suitor

December 31, 2010 by · Leave a Comment 

Nunavut raises stakes on rival ArcelorMittal, as it sweetens hostile bid for control of Baffinland. Nunavut increases offer to C$1.40 per share for 60% of Baffinland’s shares.

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Indonesia predicts 90,000 tonne tin output for 2011

December 31, 2010 by · Leave a Comment 

This year’s tin output at 78,965 tonnes – 12.3% below target this year. Poor weather and clampdown on illegal mining blamed for lowered production, but 2011 output more hopeful.

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High rupee level spurs Indian dealers’ betting on gold

December 31, 2010 by · Leave a Comment 

Gold more affordable in India as rupee reaches three-week high. Bullion dealers reporting high levels of sales and orders. Sales set to increase in mid-January for India’s festival season.

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