Tuesday, July 23, 2013

Researcher urges China to buy gold, energy, natural resources

April 17, 2010 by · Leave a Comment 

Don’t look now, but that’s just what China is doing. * * * By Aileen Wang and Jacqueline Wong Reuters Saturday, April 17, 2010 http://www.reuters.com/article/idUSTOE63G00P20100417?type=marketsNews BEIJING — China should use more of its massive foreign exchange reserves to buy gold to support its aim of raising the international role of the yuan currency, a senior [...]

Miners eye sea as land resources diminish

October 30, 2009 by · Leave a Comment 

The diminishing nature of some land-based mineral resources (the resource determines where you mine and whether you mine – not a nongovernmental organisation focus which is, in fact, a welcome interest) has increased the importance of marine mining and has reignited the interest of mining houses in this new frontier. Although Southern Africa has a [...]

SNR aims to start large-scale coal sales by mid-2010

October 29, 2009 by · Leave a Comment 

Strategic Natural Resources (SNR), which owned 74% of South Africa’s Elitheni Coal, had achieved its first revenues from coal sales and had made “significant progress” towards starting large-scale coal sales by the second half of 2010. SNR CEO Richard Latham on Thursday noted in a statement to shareholders that the Aim-listed company had continued to [...]

Natural resources and the markets of the future – What the experts say

October 14, 2009 by · Leave a Comment 

Next year’s Bauma trade show in Germany – probably the world’s largest for construction and mining machinery – is seen as taking place at a particularly opportune time for minerals sector companies. Read more….

Cliffs to buy out partners in Canadian iron-ore mine

October 13, 2009 by · Leave a Comment 

Iron-ore miner Cliffs Natural Resources plans to exercise its right to buy the interests that its two joint venture (JV) partners, US Steel Canada and ArcelorMittal Dofasco, held in the Wabush Mines JV, in an $88-million deal. The company noted in a statement on Monday that Consolidated Thompson Iron Mines had announced an agreement with [...]

ENRC sees near-term demand, prices picking up

August 19, 2009 by · Leave a Comment 

LSE-listed Eurasian Natural Resources Corporation’s (ENRC’s) 2010 production volumes would likely reach the levels it had achieved in 2008, CEO Dr Johannes Sittard reported on Wednesday. ENRC, the world’s top ferrochrome producer, had cut output earlier in the year to adjust to lower levels of demand, but said on Wednesday that the near-term demand and [...]

Big torches in natural resources rule

March 9, 2009 by · Leave a Comment 

How industry standards ExxonMobil and BHP Billiton maintain a relenting pace for the likes of Sasol and Alcoa. Read more….