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Bill Morrison Documents the Reign of Old King Coal - 2/10/2012 11:07:00 PM ET Bill Morrison’s documentary uses found footage to recall the days when coal fueled Britain and to recount the demise of the mining trade.
Manhunt ends peacefully for fugitive charged in shooting of two Mounties - 2/10/2012 10:26:00 PM ET The manhunt ended peacefully before the sun came up, but RCMP are still searching for a truck last seen leaving the scene of this week's police shooting — a black Silverado they think may be filled with weapons.
Dow Falls 89 Points, Its Worst Day of 2012 - 2/10/2012 9:58:00 PM ET Stocks were dragged down for their worst one-day loss this year by tumult over the Greek bailout, disappointing readings on the U.S. economy and a downgrade of nearly three dozen Italian banks.
Crossing a Golden Barrier - 2/10/2012 8:24:00 PM ET Some investors who worry that stocks are losing steam after a strong run are pinning their hopes on a little-known technical indicator: the "Golden Cross."
Investors Rethink Rothschild Ouster - 2/10/2012 8:18:00 PM ET Indonesian investors behind London-listed mining company Bumi said they may reconsider their attempt to oust financier Nat Rothschild from the company's board.
De Beers Warns on Diamond Demand - 2/10/2012 8:12:00 PM ET Demand for diamonds will be lower this year due to the dismal global economic climate, De Beers said. The diamond miner reported a rise in its full year 2011 earnings despite a difficult second half.
Pilot Gold hits high grade in search for next Long Canyon - 2/10/2012 8:01:00 PM ET Vancouver – On the hunt for the next Long Canyon deposit, Fronteer spin-out Pilot Gold (PLG-T) thinks it has found just that some 75 km southeast of its original Nevada discovery.
Pilot Gold hits high grade in search of next Long Canyon - 2/10/2012 8:01:00 PM ET Vancouver – On the hunt for the next Long Canyon deposit, Fronteer spin-out Pilot Gold (PLG-T) thinks it has found just that some 75 km southeast of its original Nevada discovery.
Anvil Mining gets DRC stakeholder approval for takeover by Minmetals - 2/10/2012 7:41:00 PM ET
Straits Resources plans capital raising - 2/10/2012 6:00:00 PM ET WA miner and explorer Straits Resources is planning to conduct a capital raising.
Sumitomo plans $10.1b of Indonesia energy investments: minister - 2/10/2012 6:00:00 PM ET Japan's Sumitomo Corporation plans to invest $10.1 billion in energy projects in Indonesia over the next few years, the country's energy and mines minister, Jero Wacik, said late Tuesday following a meeting with company CEO Susumu Kato in Jakarta.
Research and Markets: Mining Industry in Indonesia - The Mining Industry in... - 2/10/2012 6:00:00 PM ET The mining industry in Indonesia is anticipated to grow by 10.9 percent from 2010 to 2015.
Indonesia may offer incentives as Exxon plans shale-gas survey - 2/10/2012 6:00:00 PM ET Indonesia, seeking to develop the nation's shale-gas reserves, said it may fund the drilling expenses of explorers including Exxon Mobil Corp. that are interested in conducting joint surveys with the government.
Mindoro Resources releases copper gold sulphide target for Pan de Azucar in the Philippines - 2/10/2012 6:00:00 PM ET Mindoro Resources (ASX: MDO) has defined a sulphide copper gold sulphur exploration target at the Pan de Azucar Project in the Philippines.
Oil Search expects $33.2m impairment charge‎ - 2/10/2012 6:00:00 PM ET Oil Search Ltd said Thursday it will book an impairment charge in its 2011 profit results of about $33.2 million after it was unable to extend its involvement an oil block in Kurdistan.
Indonesian tin exports drop 64pct as bad weather hurts mining - 2/10/2012 6:00:00 PM ET Refined-tin shipments from Indonesia, the world's largest exporter, plunged 64 percent in January from a month earlier after bad weather disrupted mining, reducing ore supplies to smelters.
As Facebook IPO nears, the case for dull stocks - 2/10/2012 5:52:00 PM ET NEW YORK (AP) -- Investors thinking of buying a piece of Facebook after it goes public are hoping it will perform like Google, whose stock has risen 500 percent since its debut seven and a half years ago....
Stock Indicator Suggests Golden Moment - 2/10/2012 5:28:00 PM ET Some investors who worry that stocks are losing steam after a strong run are pinning their hopes on a little-known technical indicator: the "Golden Cross."
Stocks fall sharply as Greek deal is held up - 2/10/2012 5:11:00 PM ET NEW YORK (AP) -- Stocks had their worst day of the year Friday after Greece hit a roadblock on its way to a critical bailout....
Of Jobs, Debts and Budgets - 2/10/2012 5:10:00 PM ET Consumer confidence spiked last December. Gas prices were lower for the third straight month, a mild winter has meant that many consumers paid less to heat their houses, the auto sector posted another strong month, consumers spent more on recreation and demand for student loans increased.
Oil falls as demand outlook cut - 2/10/2012 5:07:00 PM ET CRUDE oil futures prices fell as the International Energy Agency cut its estimates for global oil demand this year.
Fidelity wants better terms in Glenstrata deal - 2/10/2012 5:03:00 PM ET Fidelity Worldwide Investment, a leading shareholder in both mining company Xstrata and Glencore has said it supports the proposed merger between the two "in principle" but wants improved terms. "We are supporters of the deal in principle but we think the terms...
Gold dives on cash rush - 2/10/2012 5:00:00 PM ET GOLD settled in negative territory as uncertainty over Greece's future saw market participants move to cash ahead of the weekend.
Canada/China sign landmark uranium deal - 2/10/2012 4:58:00 PM ET A new trade deal allowing exports of Canadian uranium to China is producing cheers from uranium companies across the country. The deal was one of several agreements signed during a visit this week to China by Canadian Prime Minister Stephen...
Copper tumbles on China, Greece - 2/10/2012 4:56:00 PM ET COPPER futures fell as fresh worries about Greece and the health of China sent traders cashing out of the industrial metal.
Cameco outlook sours amid doubts on nuclear's future - 2/10/2012 4:55:00 PM ET Uranium producer Cameco forecast lower sales and highlighted doubts about the takeup of nuclear power in its stronger than expected quarterly results, and its shares edged lower on Friday, in line with the overall market. Shares of Canada's top uranium producer rose at...
Round-up of explorers in Idaho - 2/10/2012 4:45:00 PM ET Ask a mining investor about gold in Idaho and Midas Gold (MAX-T) will likely be the first name that pops to mind. The company has put itself at the forefront of the conversation by proving up 5.8 million oz. of the yellow metal at its Golden...
Small-caps: Solo Oil and Aminex rebound - 2/10/2012 4:35:00 PM ET Soloand Aminex both make gains on news of their intention to drill deeper at their Ntorya-1 well in Tanzania
Barker Announces Drilling to Begin on its Mag Gold Project in the Quesnel Trough District of B.C. - 2/10/2012 4:28:00 PM ET Prince George, B.C., (MetalsNews.com, February 10, 2012) – Barker Minerals Ltd. (“BML” on TSX/V) (the “Company”) announces that in consideration of its seasonal accessibility, it has begun preparations for a 900 metre exploratory drilling program on its Mag Gold project which is located 35 kilometres southeast of Quesnel, British Columbia. (Project Location Map) The Mag Gold project is ideally situated with excellent year round access and strong infrastructure and is also located in the prolific Quesnel Trough mining district of B.C
Rare Element Files December 31 Second Quarter Financial Results and Update on Preliminary Feasibility Study for Bear Lodge Project - 2/10/2012 4:13:00 PM ET Lakewood, CO - (MetalsNews.com, February 10, 2012) - Rare Element Resources Ltd. (TSX: RES and NYSE-AMEX: REE) (the "Company" or "Rare Element") announced that its unaudited consolidated financial statements and Form 10-Q for the second quarter ended December 31, 2011 have been filed on www.sedar.com and www.sec.gov.
CYS Investments, Inc. Announces Record Date for 2012 Annual Meeting of Stockholders - 2/10/2012 4:04:00 PM ET NEW YORK--(EON: Enhanced Online News)--CYS Investments, Inc. (NYSE: CYS) (the "Company") announced today that its Board of Directors has established March 8, 2012, as the record date for determining stockholders entitled to vote at the 2012 Annual Meeting of Stockholders....
MARKETS SINK AND GREECE IS FALLING APART: Here's What You Need To Know (DIA, SPY, QQQ, LNKD) - 2/10/2012 4:00:00 PM ET
Lines drawn as wage talks start - 2/10/2012 3:47:00 PM ET Major labor unions in the steel and shipbuilding industries submitted their wage and benefit demands to management Friday, kicking off a month of "shunto" annual labor talks. Unions at major automakers are expected to submit their demands next Wednesday, while those at...
NYSE Euronext looks beyond failed merger - 2/10/2012 3:43:00 PM ET NEW YORK (AP) -- The parent company of the New York Stock Exchange, after losing a bruising battle with European regulators over merging with a German exchange, says it will focus on expanding high-tech trading and adding services for its clients....
Wall St falls after three-day rise - 2/10/2012 3:35:00 PM ET NEW YORK (Reuters) - Stocks fell on Friday, putting the S&P 500 on pace for its first weekly decline in the past six, after another snag in negotiations for a financial bailout package for Greece.
Gold Falls 1.2% for the Week - 2/10/2012 3:35:00 PM ET Gold settled in negative territory as uncertainty over Greece's future saw market participants move to cash ahead of the weekend.
Greece must back bailout or face catastrophe: Papademos - 2/10/2012 3:34:00 PM ET ATHENS (Reuters) - Greek Prime Minister Lucas Papademos told his turbulent coalition government on Friday to accept a harsh international bailout deal or condemn the nation to catastrophe.
U.S. Stocks Slump - 2/10/2012 3:34:00 PM ET Stocks were dragged down by tumult over the Greek bailout, disappointing readings on the U.S. economy and a downgrade of nearly three dozen Italian banks.
Fall intervention triggered by ¥75.63 rate: Azumi - 2/10/2012 3:27:00 PM ET In a rare remark indicating the level that could trigger intervention in financial markets, Finance Minister Jun Azumi said Friday he instructed monetary authorities in October to step in to stem the yen's rise after the dollar fell to ¥75.63. Azumi later denied he...
Friedman Industries, Incorporated Announces Third Quarter Results - 2/10/2012 3:23:00 PM ET HOUSTON--(BUSINESS WIRE)--Friedman Industries, Incorporated (FRD-NYSE-Amex), a Texas-based company engaged in pipe manufacturing, steel coil processing and steel and pipe distribution, announced today its results of operations for the third quarter. For the quarter ended...
LIVE: The Greek Government Is Falling Apart - 2/10/2012 3:00:00 PM ET
The Greek Government Is Falling Apart - 2/10/2012 2:59:00 PM ET
Chinese imports plunge in January - 2/10/2012 2:50:00 PM ET Drop of 15.3 per cent blamed on weak domestic demand
Fidelity calls for revised Glencore deal - 2/10/2012 2:48:00 PM ET The fund manager has joined a growing group of Xstrata shareholders seeking a change in the terms proposed by the commodity group
Fidelity calls for revised Glencore-Xstrata deal - 2/10/2012 2:48:00 PM ET The fund manager has joined a growing group of Xstrata shareholders seeking a change in the terms proposed by the commodity group
Opposition grows to Glencore-Xstrata deal - 2/10/2012 2:48:00 PM ET Fidelity Worldwide Investments has joined a growing group of Xstrata shareholders seeking a change in the terms proposed by Glencore
Dollar Advances on Rivals - 2/10/2012 2:32:00 PM ET The dollar rose, reversing recent losses, after euro-zone finance ministers delayed approval of a crucial bailout package for Greece. The euro slid below $1.32.
The VIX Spikes 10% To A 2-Week High - 2/10/2012 2:31:00 PM ET
Total to boost spending on exploration and production - 2/10/2012 2:21:00 PM ET French oil company vows to invest $23-billion a year to offset dwindling reserves
The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Taleo Corporation in Connection with the Sale of the Company to Oracle Corporation - 2/10/2012 2:18:00 PM ET NEW YORK--(EON: Enhanced Online News)--Levi & Korsinsky is investigating the Board of Directors of Taleo Corporation (Nasdaq: TLEO) for possible breaches of fiduciary duty and other violations of state law
S&P CUTS RATINGS OF 34 ITALIAN BANKS, INCLUDING UNICREDIT AND MEDIOBANCA - 2/10/2012 1:32:00 PM ET
Wall Street drops as Greek talks stall, data weighs - 2/10/2012 1:07:00 PM ET NEW YORK (Reuters) - U.S. stocks dropped on Friday, putting the S&P 500 on pace for its first weekly decline in the past six, after another snag in negotiations for a financial bailout package for Greece.
DRC to allow Anvil-Minmetals deal to proceed - 2/10/2012 1:01:00 PM ET Minmetals Resources said on Friday its acquisition of Anvil Mining will proceed now that the two firms have reached an agreement with minority stakeholders in the Democratic Republic of Congo. Congo's state-owned mining body Gecamines almost scuppered the takeover after it...
The Law Firm of Levi & Korsinsky Notifies Investors with Losses on Their Investment in Carbo Ceramics, Inc. of Class Action Lawsuit and the Deadline of April 9, 2012 to Seek a Lead Plaintiff Position - 2/10/2012 12:43:00 PM ET NEW YORK--(EON: Enhanced Online News)--Levi & Korsinsky announces that a class action lawsuit has been commenced in the US District Court for the Southern District of New York on behalf of investors who purchased Carbo Ceramics, Inc.
Here's How Greece Would Leave The Euro - 2/10/2012 12:20:00 PM ET
Commerce Bancshares, Inc. Declares Quarterly Dividend - 2/10/2012 11:49:00 AM ET ST. LOUIS--(EON: Enhanced Online News)--Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.23 per share on the company's common stock, which compares to the prior dividend of $0.219 as adjusted for the 5...
Claude Resources Q4 production falls - 2/10/2012 11:46:00 AM ET Precious metals miner Claude Resources Inc said it produced about 15% less gold in the fourth quarter, hurt by less production from its Santoy 8 mine in Saskatchewan. The company produced about 11 270 oz of gold in the fourth quarter and a total of 44 760 oz of gold during...
De Beers annual profits jump 62% - 2/10/2012 11:43:00 AM ET Diamond producer De Beers has announced a surge in annual profits as Chinese and US shoppers snapped-up its gems.
European Markets Get Crushed On A Chaotic Day For Greece - 2/10/2012 11:42:00 AM ET
Country star Jason Aldean hoping for Grammy gold - 2/10/2012 11:26:00 AM ET Grammy-nominated country music star Jason Aldean talks with CBS This Morning.
Interactive Map: the Falkland Islands - 2/10/2012 11:24:00 AM ET Explore the economic and military assets in the Falkland Islands
Markets decline as Eurozone puts Greek debt deal on hold - 2/10/2012 11:03:00 AM ET (ChinaPost.com.tw) - Stock markets fell Friday after Greece's crucial international bailout was put on hold by its partners in the 17-nation eurozone, a day after it seemed that the country's tortuous journey to pacifying its creditors had reached a conclusion.
NYSE Euronext profit down on blocked German merger costs - 2/10/2012 11:03:00 AM ET (ChinaPost.com.tw) - NYSE Euronext says costs related to its collapsed merger with German stock market Deutsche Boerse caused a slump in fourth quarter earnings.
Central bank of Australia cuts forecast - 2/10/2012 11:03:00 AM ET (ChinaPost.com.tw) - Australia's central bank Friday trimmed its growth and inflation forecasts for the year to June and signaled it has leeway to cut interest rates amid uncertainty over Europe's debt crisis.
Mercuries Life Insurance listed on TAIEX - 2/10/2012 11:03:00 AM ET (ChinaPost.com.tw) - Mercuries Life Insurance (MLI) was listed on Taiwan's emerging stock exchange at a price of NT$20 on Thursday, becoming the first insurer in Taiwan to get listed on the platform for emerging stock trading.
Walgreens Makes Shopping Easier with Additional Online Savings and New Weekly Ad Circular - 2/10/2012 11:03:00 AM ET DEERFIELD, Ill.--(EON: Enhanced Online News)--Walgreens (NYSE: WAG) (NASDAQ: WAG) advertising circular, a Sunday staple read by more than 50 million U.S. consumers each week, has re-launched with a robust digital offering that offers hundreds of additional items through...
Greece anger over spending cuts - 2/10/2012 11:03:00 AM ET Greek protesters clash with police in Athens, as a coalition party withdraws support for budget cuts needed to secure the latest bailout deal.
Newcrest may share pot of gold - 2/10/2012 11:00:00 AM ET A special dividend could flow to Newcrest Mining shareholders later this year.
Anvil gets DRC stakeholder approval for Minmetals deal - 2/10/2012 10:59:00 AM ET China-based Minmetals Resources to take over Anvil Mining for $1.3-billion deal
Anvil gets DRC stakeholder approval for Minmetals takeover - 2/10/2012 10:59:00 AM ET China-based Minmetals Resources to take over Anvil Mining for $1.3-billion deal
Stocks fall in first hour as Greek deal is held up - 2/10/2012 10:55:00 AM ET NEW YORK (AP) -- U.S. stocks fell sharply Friday after Greece's bailout deal was put on hold, a day after it seemed that the country had satisfied its creditors....
LIVE: Violence Breaks Out In Greece, Police Union Threatens To Issue Warrants For EU/IMF Officials - 2/10/2012 10:45:00 AM ET
Commerce Bancshares, Inc. Declares Stock and Quarterly Dividends - 2/10/2012 10:40:00 AM ET ST. LOUIS--(EON: Enhanced Online News)--Commerce Bancshares, Inc. (NASDAQ: CBSH) announced today that its Board of Directors declared a quarterly dividend of $0.23 per share on the company's common stock, which compares to the prior dividend of $0.219 as adjusted for the 5...
Wall St drops 1 percent as Greek talks stall - 2/10/2012 10:23:00 AM ET NEW YORK (Reuters) - Stocks dropped on Friday as the most recent flare-up in Greek negotiations for a financial bailout package put the S&P 500 on track to snap a three-day winning streak.
RISK OFF: Everything Is Selling Off - 2/10/2012 10:20:00 AM ET
Gold Retreats 1.5% - 2/10/2012 10:20:00 AM ET Gold futures slumped on concerns about Greece's ability to attain bailout funds as some investors rushed to lock in recent gains while others swapped gold for cash to cover losses in other markets.
Stocks fall at the open as Greek deal is held up - 2/10/2012 10:15:00 AM ET NEW YORK (AP) -- U.S. stocks opened lower Friday after Greece's bailout deal was put on hold, a day after it seemed that the country had satisfied its creditors....
TSX sinks with Greek crisis unresolved - 2/10/2012 10:11:00 AM ET Stocks and commodities fell Friday as a lack of agreement remained between Greek political leaders and their would-be saviours in other European countries on terms for a new bailout package.
Wall St falls at open as Greece talks stumble - 2/10/2012 10:05:00 AM ET NEW YORK (Reuters) - Stocks fell at the open on Friday as the most recent flare-up in Greek negotiations for a financial bailout package put the S&P 500 on track to snap a three-day winning streak.
MISS: Consumer Sentiment Falls To 72.5 - 2/10/2012 9:55:00 AM ET
Crude Drops 2.1% on IEA Forecast - 2/10/2012 9:51:00 AM ET Crude-oil futures fell below $98 a barrel as the International Energy Agency cut its estimates for global oil demand this year.
Stocks slide at the open as Greek deal is held up - 2/10/2012 9:47:00 AM ET NEW YORK (AP) -- U.S. stocks are opening lower after Greece's bailout deal was put on hold, a day after it seemed that the country had pacified its creditors....
Stephen Harper pushed trade, raises human rights in China speech - 2/10/2012 9:44:00 AM ET Prime Minister Stephen Harper delivered a pointed message Friday directly to the People's Republic of China from the people back home: Canada wants to sell you its oil and gas but won't trade its principles along with it.
Talison Lithium rev hit by shipment delays, margins up - 2/10/2012 9:40:00 AM ET Lithium producer Talison Lithium reported a marginal rise in quarterly profit due to declining costs, but revenue fell almost a third on shipment delays. For the second quarter, net income rose to A$5.6-million, or 5.2 cents per share, from A$5.3-million, or 5.4 cents per...
Wall St to pull back as Greece talks stumble - 2/10/2012 9:38:00 AM ET NEW YORK (Reuters) - Stocks were poised to drop at the open on Friday as the most recent flare-up in Greek negotiations for a financial bailout package put the S&P 500 on track to snap a three-day winning streak.
Inmet Mining posts lower Q4 profit - 2/10/2012 9:27:00 AM ET Canadian base metal miner Inmet Mining said on Thursday its fourth-quarter profit fell 67%, on the back of lower copper and zinc prices. Toronto-based Inmet said its net income in the quarter was C$48-million, or 69 Canadian cents a share, down from a year-ago profit of...
Tata Steel rise on prospects of high alloy prices and lower input costs - 2/10/2012 9:27:00 AM ET
Greek deal uncertainty slams global markets - 2/10/2012 9:21:00 AM ET LONDON (AP) -- Stock markets and the euro fell sharply Friday after Greece's crucial bailout was put on hold by its partners in the 17-nation eurozone and the leader of a small partner in the country's coalition government said he would vote against the demanded austerity...
Canada's north becomes a battlefield in Arctic video game - 2/10/2012 9:15:00 AM ET Arctic ice is receding and Canada and other Arctic nations are fighting for control of the last unexploited source of oil, gas and rare minerals in the world. The year is 2030 and the battle for the Arctic — and world domination — is in full force.
Turbo-traders take Bank of America for a ride - 2/10/2012 8:41:00 AM ET NEW YORK (AP) -- On a normal day, 4 billion shares of stock change hands on the New York Stock Exchange. One in 10 belongs to a single company. It's not McDonald's or IBM, both of which have been on a tear....
CHART OF THE DAY: The Roubini Stock Market Indicator - 2/10/2012 8:39:00 AM ET
CHART: The Roubini Stock Market Indicator - 2/10/2012 8:39:00 AM ET
Greek coalition party to oppose austerity measures - 2/10/2012 8:09:00 AM ET ATHENS, Greece (AP) -- The leader of a small partner in Greece's coalition government said Friday his party would vote against the latest round of austerity measures required for a massive new bailout deal - despite having backed the measures a day earlier....
European Stocks Fall - 2/10/2012 8:05:00 AM ET Stock markets fell after euro-zone chiefs withheld approval for a second Greek bailout.
Betting big on the Pilbara riches - 2/10/2012 8:00:00 AM ET AUSTRALIA, like Rio and BHP, is counting on China to keep growing.
Investors cool on Glencore bid - 2/10/2012 8:00:00 AM ET ONE of the most influential investors in London has publicly rejected the terms of Glencore's planned merger with Xstrata.
Newcrest on tax alert - 2/10/2012 8:00:00 AM ET NEWCREST Mining has urged the Gillard government not to extend the proposed mining tax on iron ore and coal to the gold sector.
Erotica, politics part of Landau's job - 2/10/2012 8:00:00 AM ET OIL chief Peter Landau has had to fulfil some strange requests.
BHP wobbles as Rio roars back - 2/10/2012 8:00:00 AM ET STATEMENTS of spending intentions by BHP Billiton and Rio Tinto were markedly different when each reported profits last week.
Power cut bans for bills under $300 - 2/10/2012 8:00:00 AM ET AUSTRALIAN Energy Regulator puts a $300 lower limit on unpaid bills before disconnection of power.
Snub for Rio opens Pilbara to unions - 2/10/2012 8:00:00 AM ET THE High Court yesterday refused an attempt by mining giant Rio Tinto to overturn a landmark workplace ruling in the Pilbara
Chinese shares extend gains despite falling trade, surplus - 2/10/2012 7:59:00 AM ET Chinese stocks pulled out of the negative territory half an hour towards close on Friday despite falling trade and shrinking current account surplus, extending the market's gains to fifth ...
China's Inner Mongolia reports rise in coal reserves - 2/10/2012 7:59:00 AM ET Inner Mongolia Autonomous Region, China's leading coal producer, on Friday reported a rise of 17 billion tonnes in coal reserves in 2011, bringing the total coal reserves to a record 770.3 ...
De Beers repositions mines for future sales growth - 2/10/2012 7:56:00 AM ET Diamond producer De Beers has announced its final production figures and operational review for 2011, saying that the company expected global jewellery sales growth to continue next year whilst it maintained production levels
The Making Of A Chinese Stock Bubble - 2/10/2012 7:56:00 AM ET Junheng Li is the founder of JL Warren Capital, an equity research consulting firm based in New York. She is a Shanghai native. When a ';hot'; investment theme combines opaque markets ...
De Beers puts profitability first and production second in 2012 - 2/10/2012 7:56:00 AM ET Diamond producer De Beers has announced its final production figures and operational review for 2011, saying that the company expected global jewellery sales growth to continue next year whilst it maintained production levels
Greek junior coalition party opposes austerity - 2/10/2012 7:54:00 AM ET ATHENS, Greece (AP) -- The leader of a junior partner in Greece's coalition government says his will not vote for new austerity measures, required for a massive new bailout deal to avoid bankruptcy....
Solar wafer makers in Greater China increase quotes - 2/10/2012 7:48:00 AM ET The prices of solar wafers and cells have been increasing. However, polysilicon spot price remains flat at US$29.50/kg while the price of solar modules has dropped by ...
10 Things You Need To Know This Morning (LNKD, RBS, BCS, NYX) - 2/10/2012 7:27:00 AM ET
10 Things You Need To Know Before The Opening Bell (LNKD, RBS, BCS, NYX) - 2/10/2012 7:27:00 AM ET
Research and Markets: Mining Industry in Zambia - Mining Industry Remains the Economic and Social Backbone of Zambia - 2/10/2012 7:00:00 AM ET DUBLIN--(BUSINESS WIRE)--Research and Markets() has announced the addition of the "Mining Industry in Zambia" report to their offering. The mining industry remains the economic and social backbone of Zambia. Copper and cobalt are the key commodities produced in Zambia, with...
Total promises to invest $23bn a year - 2/10/2012 6:59:00 AM ET French oil group has promised to spend more on exploration and production to replace dwindling reserves
Cameco profit climbs 29 per cent - 2/10/2012 6:43:00 AM ET Revenue climbs sharply despite what CEO says was a challenging year for the nuclear industry
Cameco profit climbs 29% - 2/10/2012 6:43:00 AM ET Revenue climbs sharply despite what CEO says was a challenging year for the nuclear industry
10% Of Trades On The NYSE Involve A Single Notorious Company - 2/10/2012 6:43:00 AM ET
Newcrest delivers strong profits - 2/10/2012 6:41:00 AM ET Newcrest Mining, the world's third largest gold miner, has reported a 50 per cent jump in net profit on the back of rising gold prices and higher gold, silver, and copper sales.
BHP considering selling $10 billion of assets - 2/10/2012 6:37:00 AM ET BHP Billiton may be considering selling close to $10 billion of assets in Australia and around the world, according to a Deutsche Bank report.
This Could Be The Worst Day All Year - 2/10/2012 6:21:00 AM ET
Titan Iron Ore update on Wyoming iron complex - 2/10/2012 6:15:00 AM ET Titan Iron Ore Corp announced the following highlighted results of its winter, 2011 drilling program from the Strong Creek Fe/Ti deposit at the Wyoming Iron Complex located in Albany County, Wyoming. The results from the first hole of the program may not reflect the results...
Why Bank of America is the new Citigroup - 2/10/2012 6:15:00 AM ET NEW YORK (AP) -- On a normal day, 4 billion shares of stock change hands on the New York Stock Exchange. One in 10 belongs to a single company. It's not McDonald's or IBM, both of which have been on a tear....
New Millennium Updates on DSO project and TSMC plan - 2/10/2012 6:14:00 AM ET New Millennium Iron Corp updated on the progress to date of its direct shipping ore project and the planned start up schedule of production by TATA Steel Minerals Canada a joint venture between NML and TATA Steel, in 2012. As per the attached schedule, the installation of...
Legacy Iron Ore triples magnetite resource to 1.6Bt at Mt Bevan - 2/10/2012 6:13:00 AM ET Legacy Iron Ore has confirmed the exploration target at Mt Bevan and delivered to the market an almost three fold increase in the JORC Resource. With India today signifying it may become a net importer of iron ore because of new projects stalling and steel demand growing...
Mantle Mining Corporation raises AUD 1.35 million for exploration - 2/10/2012 6:12:00 AM ET Mantle Mining Corporation is set to raise AUD 1.35 million to fund existing exploration programs at the company’s projects in Queensland and Victoria. The money will be raised through a share placement agreement with Cygnet Capital, comprising 10 million shares at...
China cuts Iranian oil imports, says IEA - 2/10/2012 6:11:00 AM ET Stunted economic growth in Europe takes a toll as the IEA, the oil watchdog for industrialised countries, makes its sixth consecutive reduction
China cuts Iranian oil exports, says IEA - 2/10/2012 6:11:00 AM ET Stunted economic growth in Europe takes a toll as the IEA, the oil watchdog for industrialised countries, makes its sixth consecutive reduction
ENRC to complete Mozambique railway port project by 2015 - 2/10/2012 6:10:00 AM ET Dow Jones reported that Eurasian Natural Resources PLC is developing a coal logistics corridor in northern Mozambique to ship coal from the coal rich Tete Basin to the coast, to be completed by 2015. Mr Paul Craven the company's general manager told Dow Jones Newswires...
Top ten stories of the week - 2/10/2012 6:10:00 AM ET Australian Mining looks at the stories which had you talking this week.
BHP Billiton blames work laws for strike - 2/10/2012 6:07:00 AM ET BHP Billiton chief executive Marius Kloppers has blamed complex Labor workplace laws for creating the conditions for current strike action at the company's coal operations. Workers have been on strike this week at BHP's Port Kembla coal terminal after talks broke down on...
'Energy literacy' to be examined - 2/10/2012 6:07:00 AM ET The "energy literacy" of gas and electricity billpayers will be tested during an inquiry by MPs to see if more education is needed from the industry.
Queensland FIFO camp rejected - 2/10/2012 6:07:00 AM ET Queensland Central Highlands deputy mayor Paul Bell has led a movement to reject a 896-unit fly-in-fly-out camp outside Blackwater in the Bowen Basin.
Thiess wins AUD 325 million coal contract - 2/10/2012 6:06:00 AM ET Leighton Holdings subsidiary Thiess has won a AUD 325 million contract to build a coal seam gas processing plant in southern Queensland. The contract involves the construction of six field compression stations and one central processing plant in the Surat Basin, which is...
Teck Resources reports unaudited results for 2011 - 2/10/2012 6:05:00 AM ET Teck Resources Limited reported record annual profit attributable to shareholders of USD 2.7 billion, or USD 4.52 per share, up 47% from USD 1.8 billion in 2010. Fourth quarter profit attributable to shareholders was USD 637 million, or USD 1.08 per share, almost double the...
North Dakota coal mines score a perfect compliance record - 2/10/2012 6:04:00 AM ET North Dakota's four lignite coal mines achieved a year of no violations in 2011, the fourth time in mine history that the entire industry has earned a clean bill from the Public Service Commission. PSC Commissioner Kevin Cramer said he and the staff look at mine...
Horizon Bancorp Announces Definitive Agreement to Acquire Indiana-Based Heartland Bancshares, Inc. - 2/10/2012 6:03:00 AM ET MICHIGAN CITY, Ind.--(EON: Enhanced Online News)--Horizon Bancorp (NASDAQ: HBNC), an Indiana headquartered community bank holding company, announced today that it entered into a definitive agreement to acquire Heartland Bancshares, Inc. (OTCBB: HRTB) and its wholly-owned...
Profit slump for Rio Tinto - 2/10/2012 6:03:00 AM ET Rio Tinto has recorded a 59 per cent slump in full-year net profit, which it has blamed primarily on the falling value of its aluminum business.
Iron ore stocks at Chinese ports approaching alarm line - 2/10/2012 6:02:00 AM ET Mr Zhang Chunliang scheduler from Dalian Port Ore Terminal Company Limitev said that iron ore piled at docks in Dalian Port can be seen everywhere, most of which are shipped from Brazil and Australia. Although current capacities are approaching the alarm level, more ships...
EMED Mining shares advance as Chinese back Rio Tinto copper mine restart - 2/10/2012 6:00:00 AM ET EMED Mining shares shot-up around 15% as its efforts to restart the Rio Tinto copper mine were endorsed by a new Chinese partner. The company revealed an arrangement with Yanggu Xiangguang Copper Company. This future off take partner is providing EMED with USD 30 million...
North Arrow Minerals signs letter of intent to acquire copper and gold mine in Chile - 2/10/2012 5:59:00 AM ET Canadian Business reported that North Arrow Minerals Inc has signed a letter of intent to acquire 100% interest in the El Tesoro project in Chile to help it acquire new copper and gold resources. The junior mining company said that it will spend USD 1 million in...
Copper One announces core drilling result at Lone Mountain Project - 2/10/2012 5:58:00 AM ET Copper One Inc announced the results for the fall 2011 core drilling program for its 100% owned Lone Mountain Project just outside of Silver City, Grant County, New Mexico, USA. These results are highlighted by hole LM-11-052, which intersected 135 meters of 0.36% copper...
Elementos continues to build Chilean presence with option over prospective copper mine - 2/10/2012 5:57:00 AM ET Elementos has secured an option to earn 50% interest in a copper exploration project located in a major copper-gold district in central Chile from HMC Gold. The company can earn the stake by spending USD 7 million on exploration and development over three years. The...
Ventnor Resources announces placement of copper exploration at Thaduna Green Dragon - 2/10/2012 5:56:00 AM ET Ventnor Resources which recently impressed with some very high grade copper intersections at the Thaduna and Green Dragon project in phase 3 drilling has now raised capital to progress the highly anticipated phase 4 campaign. Ventnor placed 5.8 million shares to...
Empire Resources renegotiate sale agreement for Penny Find Gold Project - 2/10/2012 5:55:00 AM ET Empire Resources has renegotiated a sale agreement for the Penny’s Find Gold Project with the sale price for a 100% interest in the project increasing to USD 3 million from USD 2 million. The agreement with unlisted company Brimstone Resources was originally formed...
Frontier Resources announces copper mineralization of Esis Porphyry project - 2/10/2012 5:54:00 AM ET Frontier Resources and JV partner Ok Tedi Mining have intercepted 697.6 meters of copper mineralization grading 0.26% at the Esis Porphyry Copper prospect in Papua New Guinea. The diamond drill hole was designed to twin and extend a hole drilled in 1973 by BHP Billiton...
China copper stocks likely rose 300000 tonnes in Q4 - Barclays - 2/10/2012 5:53:00 AM ET Bloomberg reported that about 300,000 tonnes of copper was probably added to bonded warehouses and merchant inventory in China in the fourth quarter and stockpiles likely continued to expand this year. Barclays Capital said that even with the build in bonded and merchant...
Zambia to audit miners and believes up to USD 1 billion owed - 2/10/2012 5:52:00 AM ET Reuters reported that top African copper producer Zambia plans to audit all its mining houses in a bid to dig for back taxes of up to USD 1 billion it estimates it is owed. Such a policy by the government of populist Mr Michael Sata president of Zambia would widen an...
QIMC extrusion subsidiary to start production in Q1 - 2/10/2012 5:51:00 AM ET Gulf Times reported that Qatar Industrial Manufacturing Company subsidiary Qatar Aluminum Extrusion will start commercial production of extruded profile by the end the Q1 and the four fold capacity expansion in its Qatar Acids Company is expected by early next year. Mr...
Chile to auction lithium mining contracts - Report - 2/10/2012 5:50:00 AM ET Reuters reported that Chile will auction contracts for the right to explore and produce lithium as the world's top copper producer seeks to boost its output of the material used in hybrid vehicles, computer and smartphone batteries. As per report, development of lithium...
There's A Whole Slew Of Ugly Headlines And Stories Out Of Greece Today - 2/10/2012 5:49:00 AM ET
World copper mine capacity 26 million tonne by 2015 - ICSG - 2/10/2012 5:49:00 AM ET Reuters reported that annual copper mine production capacity is expected to reach 26.2 million tonnes in 2015 after rising at an average rate of 6.6% per year from 2012 through 2015. The International Copper Study Group said that owing to project postponements following...
China copper demand growth seen at weakest pace since 2006 - 2/10/2012 5:48:00 AM ET Bloomberg reported that copper demand growth in China may drop by half this year to the weakest since 2006 as the economy slows and subsidy programs end. Mr Shen Xiaoqiang researcher at Wanxiang Resources Company said that refined metal consumption may expand 4% to 5%....
UC Rusal boss fears jobs loss from carbon tax - 2/10/2012 5:47:00 AM ET The Australian arm of the world's largest aluminum producer has warned that a higher carbon cost is adding to the risk that Australia will lose jobs and investments to China's refineries and smelters. Mr John Hannagan chairman of UC Rusal Australia said that China's...
UC RUSAL and PhosAgro sign long term supply agreement - 2/10/2012 5:46:00 AM ET The parties have signed a long term agreement with the aim of further modernizing PhosAgro subsidiary Ammophos in Cherepovets and increasing the supply of fluoric salt to RUSAL's plants. PhosAgro currently supplies 23,000 tonnes of aluminum fluoride per year to RUSAL. In...
Chile peso reverses loss as euro optimism blunts copper decline - 2/10/2012 5:45:00 AM ET Bloomberg reported that Chile’s peso was little changed recovering from an earlier loss, as optimism that Greek policy makers will agree on budget cuts needed to secure bailout funds offset prospects of slowing Chinese demand for copper. Copper slumped as much as...
Hindalco Industries melts 6pct ahead of results - 2/10/2012 5:44:00 AM ET Country's largest aluminum producer Hindalco Industries is going to announce its December quarter number. Its standalone profit after tax is expected to be flat at INR 459.4 crore in the October to December quarter of FY2012 as against INR 460.3 crore in a year ago quarter....
Japan indium import hits yearly record volume in CY2011 - 2/10/2012 5:43:00 AM ET According to the rare metal trade statistics by Ministry of Finance, Japanese annual indium import increased by 18% to 494 tonnes in CY2011 from CY2010 which is likely to have hit the yearly record volume. Indium is used mainly as transparent electrode material for liquid...
Russia may tax copper rods to close Loophole - 2/10/2012 5:42:00 AM ET Russia may introduce an export duty on copper rods after producers began shipping the rods to avoid a regular copper levy. Mr Vitaly Gudkov an official at the Economy Ministry said that the rods may be taxed at 7.5% of customs value compared with 10% for copper. ...
Chile Teck mine union agrees deal to avert strike - 2/10/2012 5:41:00 AM ET Reuters reported that workers of one union at Teck Resources Limited's Chilean Quebrada Blanca mine which produced 86,200 tonnes of copper in 2010 have voted in favor of a new labor contract defusing a strike threat. Mr Mr Jorge Flores union president of Teck said that...
Japan nonferrous metals manufacturers to diversify Thai flood risk - 2/10/2012 5:40:00 AM ET Japanese nonferrous metal industry makers try to diversify the operation after they had damage on their major plants from Thai flood. The firm diversifies the plants of flexible printed circuit and connector. Furukawa Electric announced that the firm shifts a part of...
Copper may fall as China inflation may limit easing - LME Preview - 2/10/2012 5:39:00 AM ET Bloomberg reported that copper may decline in London after a report showing inflation in China the biggest metals user unexpectedly accelerated in January, limiting room for monetary easing and as talks over a Greek bailout stalled. Metals News 1. Rio Tinto Group, the...
Indian aluminum growth story is just getting unfolded - Mr Roongta - 2/10/2012 5:38:00 AM ET Mr SK Roongta former chairman of Steel Authority of India Limited has a new challenge in hand taking aluminum to new heights for Vedanta Aluminum. As Managing Director of the private sector metals major he is upbeat about aluminum prices going up bringing in better profits....
PT Antam ferronickel output up by 9.4pct YoY in 2011 - 2/10/2012 5:37:00 AM ET Reuters reported that Indonesian miner Aneka Tambang's ferronickel production rose by 9.4% YoY to 19,690 tonnes in 2011. Antam said in November 2011 that it expected output in 2011 and 2012 would be 18,000 tonnes, unchanged from 2010. (Sourced from
Japanese imported ferroalloy market report as of January 31 - 2/10/2012 5:36:00 AM ET Market outlook of Japanese imported ferroalloys as of January 31st 2012 is as follows: General view World crude steel production in 2011 turned out 1,527 million tonnes, of which China's output held 45.5% at 695 million tonnes. With the dominatingly large share, the...
ANDRITZ wins stainless steel works order from Ergste Westig - 2/10/2012 5:35:00 AM ET It is reported that international technology group ANDRITZ has received an order from Stahlwerk Ergste Westig GmbH, a subsidiary of the Zapp Group, to supply a 20 roll precision rolling mill for a new stainless steel works in Unna in Germany. Start up is scheduled for...
Goldman Suggests 3 Reasons To Not Get Too Excited About The Economy - 2/10/2012 5:34:00 AM ET
NSSC wins the Prime Minister's Award - 2/10/2012 5:34:00 AM ET The Monodzukuri Nippon Grand Awards are conferred in order to develop and pass on the manufacturing and tradition that has supported Japan's industry and culture as well as the lives of citizens and to inspire further development. The Ministry of Economy, Trade and...
NSSC hikes nickel series stainless sheet and plate price for Feb - 2/10/2012 5:33:00 AM ET Nippon Steel & Sumikin Stainless Steel Corporation announced that the firm increases the sales price of nickel series cold rolled stainless steel sheet and plate by JPY 10,000 per tonne for February 2012 contracts to reflect nickel price upsurge in January 2012. This is...
Japanese major stainless steel makers to post recurring loss in 9M 2011 - 2/10/2012 5:32:00 AM ET JMB reported that among Japanese 5 major stainless steel makers, only Nisshin Steel and Nippon Yakin Kogyo could gain recurring profits for nine months of April to December 2011, except for the pure re roller, Nippon Kinzoku. For a full year of fiscal 2011 ending in...
TEPCO to import LNG from Peru for first time at end of Feb - 2/10/2012 5:31:00 AM ET Tohoku Electric Power Company will import LNG from Peru for the first time at the end of February, which it has procured on spot basis to cope with demand for electricity in winter season. The LNG carrier Valencia Knutsen with carrying capacity of 173,400 cubic meters,...
Rise in unemployment in the Sidor Pellet Plant - 2/10/2012 5:29:00 AM ET El Universal reported that the strike by 250 outsourced promoted the Pellet Plant of the Steel of Orinoco, waiting to be incorporated into the permanent payroll concluded this afternoon, after nine days of paralysis. The outsourced spokesman Mr Mario Ochoa said that it...
WDS wins contract for Roma to Brisbane Pipeline metro looping project - 2/10/2012 5:28:00 AM ET APA group has awarded WDS a contract for the Roma to Brisbane Pipeline Metro Looping Project, which includes the installation of approximately 5.8 kilometers of pipe through horizontal directional drilling and trenching. The 5.8 kilometers of pipe will be DN400 steel, in...
Shinko Wire announces FY 2011-12 group forecast - 2/10/2012 5:27:00 AM ET Shinko Wire Co Limited has announced consolidated earnings estimates for the full year ended March 31st 2012.
Chun Yuan Steel unconsolidated sales fell by 11.11pct YoY in January - 2/10/2012 5:26:00 AM ET Chun Yuan Steel said that unconsolidated sales in January 2012 fell by 11.11% YoY to TWD 1,171,914,000 from TWD 1,318,363,000 in January 2011.
Mr Yagoda and Mr Elbert inducted into Schuff Intl board - 2/10/2012 5:25:00 AM ET Schuff International Inc announced that Mr D Ronald Yagoda and Mr Phillip O Elbert have been appointed to its board of directors to fill existing vacancies. The addition of these outside directors returns the company's board of directors to seven members. Mr Scott A...
Japanese ferrous scrap exporters offer JPY 1000 hike for South Korea - 2/10/2012 5:24:00 AM ET JMB reported that Japanese ferrous scrap export offer price increased for South Korea. Japanese sources confirm the price increased by around JPY 1,000 to more than JPY 32,000 per tonne FOB for H2 grade compared with last week level. The export shipping increased around...
South Korean steelmakers bid JPY 30500 FOB for No2 HMS from Japan - 2/10/2012 5:23:00 AM ET According to market sources, a certain electric steelmaker of South Korea has made a bid of JPY 30,500 per tonne FOB this week for a new purchase of No 2 HMS from Japan, which indicates no change from the price level that Hyundai Steel Co proposed at the end of last week....
Maruichi Steel Tube posts 7.4pct YoY lower recurring profit for 9M 2011 - 2/10/2012 5:22:00 AM ET Maruichi Steel Tube announced that the firm posted 6.1% YoY lower consolidated operating profit and 7.4% YoY lower recurring profit for nine months of April to December 2011. The nine month net profit halved from the same period of fiscal 2010 mainly due to evaluation loss...
Commodity Trading Tips for Natural gas by KediaCommodity - 2/10/2012 5:21:00 AM ET
South Korean steel export value up by 4.6pct YoY in January - 2/10/2012 5:21:00 AM ET According to the data released by the Export and Import Division of South Korea's Ministry of Knowledge Economy, South Korea posted a USD 1.96 billion trade deficit in January 2012 for the first time in two years. The shortfall was attributed to the lower number of working...
US container scrap quotes to Taiwan at USD 420 CNF - 2/10/2012 5:20:00 AM ET It is reported that the quotes of the US container HMS 80:20 to steel mills in southern Taiwan have continued to dip to USD 420 per tonne C&F. It is said that the steel mills in southern Taiwan would purchase the US scrap with prices of USD 420 per tonne CNF. In fact,...
USW Local 1375 president repaying the local about USD 5095 - 2/10/2012 5:19:00 AM ET Tribune Chronicle reported that the president of United Steelworkers Local 1375 is repaying the local about USD 5,095 he received in wages when then Severstal Warren steel mill was idled. Mr Ed Machingo said that "I'm paying it in two installments. I've already paid back...
Japanese integrated steels to increase can steel export price - 2/10/2012 5:18:00 AM ET JMB reported that Japanese integrated steel makers try to increase export price of can material flat rolled steel for April to June 2012 shipment from January to March 2012. The integrated steels try to improve profitability when the makers cannot fully cover higher raw...
Smederevo Steel mill idles BF due to shortage of raw materials - 2/10/2012 5:17:00 AM ET Reuters reported that Serbia's sole steel mill, bought back by the government from US Steel, is to shut down its only operating blast furnace and idle most of its workforce due to a shortage of raw materials caused by the cold snap enveloping Europe. The underperforming...
ArcelorMittal SA fell after wider than expected full year loss - 2/10/2012 5:16:00 AM ET Bloomberg reported that ArcelorMittal South Africa Limited has declined for a third day in Johannesburg trading after posting a worse than expected loss. As per report, the shares slid 1.9% to ZAR 66.30, closing at its lowest level since December 20th 2011. The FTSE JSE...
JFE Steel West Japan works targets 20pct hike in productivity - 2/10/2012 5:15:00 AM ET JMB reported that JFE Steel's West Japan works tries to improve the productivity by 20% from the level in second half of fiscal 2010 ended March 2011 when the production level is low under high yen rate and low level offshore market. The works focuses the production to new...
Stock index futures fall, focus on data - 2/10/2012 5:14:00 AM ET NEW YORK (Reuters) - Stock index futures pointed to a weaker open for equities on Wall Street on Friday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 down 0.4 to 0.5 percent.
Hyundai Steel to launch HRC capacity expansion project - 2/10/2012 5:14:00 AM ET South Korea's second largest steel producer Hyundai Steel has announced that it will launch its planned hot rolled coil capacity expansion project at the end of this week. Accordingly, Hyundai Steel's annual capacity of HRC will increase by 2 million tonnes to 10.3...
ArcelorMittal announces Q4 and FY 2011 results for Flat Carbon Europe - 2/10/2012 5:13:00 AM ET Flat Carbon Europe crude steel production amounted to 6.6 million tonnes for the three months ended December 31st 2011, a decrease of 10.4% as compared to 7.4 million tonnes for the three months ended September 30th 2011. Production decreased reflecting very weak market...
POSCO Research sees South Korean HR flat steel export hitting record high for 2012 - 2/10/2012 5:12:00 AM ET POSCO Research Institute expects South Korean hot rolled flat steel demand, output and export will hit the record for 2012. The export is more than import as 2011 when the import will decrease for 2 years in a row. South Korean demand of steel plate would decrease for the...
Japanese EAF carbon steel output to remain flat in 2012 - 2/10/2012 5:11:00 AM ET JMB quoted Mr Katsutoshi Kurikawa chairman of Japanese Non Integrated Steel Producers' Association as saying that Japanese carbon steel making electric furnaces' output for 2012 would slightly increase or remain same level as in 2011 when Japanese construction investment...
Apple's Amazing Run Is Masking That Much Of The Market Is Already Drifting Lower - 2/10/2012 5:10:00 AM ET
Eggs that bounce like rubber hit China markets - 2/10/2012 5:10:00 AM ET Eggs that have hard yolks and can bounce like rubber after being boiled have appeared on the market in several regions across China, leading a food safety watchdog in Shanghai to launch a probe, offic
Apple's Amazing Run Is Masking The Much Of The Market Is Already Drifting Lower - 2/10/2012 5:10:00 AM ET
Nippon Steel sees low prices of steel in 2012 - 2/10/2012 5:10:00 AM ET Bloomberg reported that Japan's biggest steelmaker Nippon Steel Corp expects prices to stay low this year as global producers of steel continue to compete for orders amid slowing demand. Mr Shinichi Taniguchi EVO said in an interview in Tokyo “The current situation...
Chornomornaftogaz and Lukoil to develop Black Sea deposits - 2/10/2012 5:08:00 AM ET Ukrainianjournal reported that Ukrainian coal and energy ministry has given its approval to an agreement between state owned Chornomornaftogaz and Russia's Lukoil to explore and develop Black Sea oil and gas deposits, the ministry said in a report for 2011. The companies...
Ukraine getting less than contracted volumes of gas from Russia - 2/10/2012 5:07:00 AM ET Ukrainian energy and coal industry minister Mr Yuriy Boiko has said that due to severe frosts in Russia, Ukraine is receiving 460 million cubic meters of gas a day on the border with Russia, instead of 510 million cubic meters stipulated in technical agreements with Russia....
Raspadskaya picks banks for Eurobond issue - Source - 2/10/2012 5:06:00 AM ET Reuters reported that Russian coking coal miner Raspadskaya has chosen Morgan Stanley, Goldman Sachs and VTB Capital to arrange a planned Eurobond issue. A source close to the deal told Reuters that "The company needs to refinance an outstanding Eurobond issue worth USD...
Lenenergo Grid challenges USD 545k collection for world steel giant - 2/10/2012 5:05:00 AM ET The Lenenergo grid company has appealed in a federal commercial court the judgment to collect USD 545,000 for the Severstal steel and mining company. The company has challenged the Thirteenth Commercial Appeals Court's December judgment to revise the previous decision...
ArcelorMittal Kriviy Rih increases production in January - 2/10/2012 5:04:00 AM ET ArcelorMittal’s Ukrainian unit said steel production rose by 22.7% in January from the same month a year earlier. Production jumped to 549,200 tonnes from 447,300 tonnes in January 2010. (Sourced from
Tangsteel exports 109000 tonnes of CR products in Jan - 2/10/2012 5:03:00 AM ET According to Chinese steelmaker Hebei Iron and Steel Group, in January this year its subsidiary Tangshan Iron and Steel Group exported 109,000 tonnes of high value added cold rolled steel products. Meanwhile, in January Tangsteel's sales of cold rolled steel products in...
Xiwang Special Steel produces 300 series stainless steels - 2/10/2012 5:02:00 AM ET Shandong Province, China based Xiwang Group has announced that its subsidiary company Xiwang Special Steel Company has successfully produced 301 series, 304 series and 321 series stainless steel billets, bars and wire rods all of which have met required standards in tests. ...
German inflation rate at 2.1% - 2/10/2012 5:01:00 AM ET Rising energy prices kept German inflation high at 2.1% in January 2012, according to official figures from Destatis.
Masteel steel wheel sales total CNY 2 billion in 2011 - 2/10/2012 5:01:00 AM ET Anhui Province based Chinese steelmaker Maanshan Iron and Steel Company has announced that in 2011 its sales of steel wheels and related parts totaled 200,000 tonnes reaching a value of CNY 1.8 billion. The company also stated that it has achieved shares in the steel wheel...
Baosteel Company process cost Benchmark takes effect - 2/10/2012 5:00:00 AM ET Last year, Baosteel Company Limited continues to promote carbon steel process cost benchmarking and benchmarked process cost reduction and has got remarkable results. The realization of benefits throughout the year reaches CNY 1.102 billion which is 136 % of the annual...
Panzhihua Gangcheng exceeds iron ore pellet output target for Jan - 2/10/2012 5:00:00 AM ET Sichuan Province based Chinese steel producer Panzhihua Gangcheng Group has announced that in January this year its total iron ore pellet output reached 117,600 tonnes with an average daily output of over 4,000 tonnes exceeding the company's targeted output for the month. ...
Jinan Steel plans to achieve CNY 3 billion in 12th Five Year - 2/10/2012 4:59:00 AM ET Jinan Steel has worked out the plan that, this mill will focus on nine non steel industries. And when it comes to the end of the 12th Five Year revenue from non steel is supposed to hit above CNY 40 billion with a profit of CNY 3 billion. Non steel industry has been...
Commodity Trading Tips for Nickel by KediaCommodity - 2/10/2012 4:58:00 AM ET
Jincheng Fusheng Steel commissions converter and blast furnace - 2/10/2012 4:58:00 AM ET Shanxi Province based Chinese steelmaker Jincheng Fusheng Steel Company has announced that in January this year it successfully commissioned its 80 tonnes converter furnace No 3 as well as its 1,380 cubic meter blast furnace No 4. In 2010, Jincheng Fusheng Steel's total...
Four Mile native title feud settled - 2/10/2012 4:58:00 AM ET Alliance Resources has settled the litigation concerning its native title agreement for the Four Mile uranium project.
Tangshan Bohai Steel Group reorganization approved - 2/10/2012 4:57:00 AM ET On January 21st 2012, the Ministry of Industry and Information Technology approves the joint reorganization scheme of Tangshan Bohai Steel Group. For now the group administers ten enterprises with a yearly steel production of 15 million tonnes and an aggregate asset CNY...
Zhengzhou Coal Machinery 2011 earnings up by 36pct - 2/10/2012 4:56:00 AM ET CapitalVue reported that Zhengzhou Coal Mining Machinery Group a maker of hydraulic equipment for the coal mining sector recorded 35.89% YoY increase in 2011 net profit to CNY 1.21 billion with earnings per share of CNY 1.71 up 19.58%. Based on total equity of 700...
Chongqing Steel produced 418700 tonnes of crude steel in Jan - 2/10/2012 4:55:00 AM ET According to Chongqing Steel, their crude steel production in January hit 418,715 tonnes up 38.1% compared to 303,187 tonnes seen in the same period of last year and up 0.88% compared to 415,037 tonnes of last December. (Source: ) China steel information centre and
Commodity Trading Tips for Crude oil by KediaCommodity - 2/10/2012 4:54:00 AM ET
Scrap supply tightens in Northeastern China - 2/10/2012 4:54:00 AM ET Scrap supply is tight in Northeastern China in recent days. Price in CNY per tonne Scrap (6 -10mm ) Scrap (4 -6mm ) Liaoning Province 3400-3520 3330-3370 Jilin Province 3300-3350 3150-3200 Steelmakers’ inventories run low. Currently Lingyuan Steel’s...
Chinese daily crude steel output in late Jan hit 1.482 million tonnes - 2/10/2012 4:53:00 AM ET According to China Iron and Steel Association, the daily crude steel production of its members in late January came to 1.4822 million tonnes up 0.5% compared to mid January. It is expected that China daily crude steel output for the last ten days of January will stand at...
SHFE steel rebar futures fall as Chinese data cuts policy easing hopes - 2/10/2012 4:52:00 AM ET Reuters reported that Shanghai steel futures slipped on Thursday as faster than expected inflation in China doused hopes of further monetary easing any time soon. The most traded May rebar contract on the Shanghai Futures Exchange dropped by 0.9% to close at CNY 4,297 a...
One Stat Which Shows How Little Trading Is Happening In This Market - 2/10/2012 4:51:00 AM ET
Commodity Trading Tips for Silver by KediaCommodity - 2/10/2012 4:51:00 AM ET
Dolphin Energy raises USD 1 billion from bond sale - 2/10/2012 4:51:00 AM ET Dow Jones reported that Abu Dhabi based Dolphin Energy in which Occidental Petroleum Corporation and Total SA are shareholders plans to sell up to USD 1 billion worth of bonds. A banker aware of the deal said that the initial price talk for the bonds is 370 basis points...
Commodity Trading Tips for Gold by KediaCommodity - 2/10/2012 4:50:00 AM ET
Iran oil production starts at Yadavaran field - 2/10/2012 4:50:00 AM ET MNA reported that Iran began early production at the Yadavaran oilfield, which is associated with Iraq. Mr Naji Sadouni MD of Petroleum Engineering and Development Company said that 9 wells have been drilled in the oilfield one of which has been put into operation....
BP raises dividend after strong quarter - 2/10/2012 4:49:00 AM ET Gulf News reported that BP has raised its quarterly dividend by 14% after posting double digit gains in profit and revenue in the last three months of 2011 despite further big payments to compensate for a disastrous oil spill in the Gulf of Mexico. BP said that it should...
India and Iran seal oil payment mechanism - 2/10/2012 4:48:00 AM ET Gulf News quoted Iran as saying that ruling out gold as a mode of payment Indian companies will pay for 45% of their oil imports from Iran in the Indian currency as part of a mechanism agreed between the 2 countries. Mr Syed Mahdi Nabizadeh Iran's ambassador to India...
Iran MPs take no action on EU oil embargo and go into recess - 2/10/2012 4:47:00 AM ET AFP reported that Iranian lawmakers went into a near month long recess without taking any action on a threat to impose a pre emptive oil embargo on European Union countries. In retaliation to a phased in EU a ban on Iranian oil imports, Iranian lawmakers have been...
Contractor successful in retaining a judgment against Nakheel - 2/10/2012 4:46:00 AM ET A contractor has been successful in a judgment against Nakheel PJSC. Technical Architects General Contracting Company LLC held onto a judgment against Nakheel for over AED 58 million in the Dubai World Tribunal. Nakheel has been ordered to pay contracting company TAGC...
Iran oil ban not workable without Asia: Global Insight - 2/10/2012 4:45:00 AM ET A London based energy research institute says efforts made by the US and the European Union to enforce sanctions against Iran's oil sector will fail if the sanctions are not joined by Asia’s economic giants, China and India. A report by the Global Insight said that...
UK envoy lauds Bapco growth - 2/10/2012 4:44:00 AM ET Mr Iain Lindsay British Ambassador praised Bahrain Petroleum Company's contributions to the Kingdom during a visit to the company. He was received by Mr Gordon Smith CEO of Bapco and a number of top officials. The ambassador was accompanied by trade attachŽ Myrna...
Iran ready to complete IP gas project ahead of schedule - 2/10/2012 4:43:00 AM ET Tehran Times cited Mr Ali Saeedlou VP for international affairs as saying that Iran is ready to complete and inaugurate the proposed Iran and Pakistan gas pipeline project ahead of the due date. In a meeting with Pakistani finance officials, Mr Ali Saeedlou said that...
Oman Oil Company to develop Musandam power project - 2/10/2012 4:42:00 AM ET The government owned energy investment firm Oman Oil Company has secured a mandate to develop an Independent Power Project in Musandam Governorate. The gas fired project, initially sized at around 120 MW of power generation capacity will be implemented in parallel with the...
Lebanon construction permits fall by 7pct in 2011 - 2/10/2012 4:41:00 AM ET According to figures released by the Order of Engineers of Beirut and Tripoli, construction permits in Lebanon in 2011 fell by 6.8 percent compared to the same period of 2010. The figures showed that the area of newly issued construction permits reached 16,425,274 square...
Port Kembla coal strikes continue - 2/10/2012 4:41:00 AM ET More industrial action is planned at the Port Kembla Coal Terminal after unions and management failed to come to an agreement.
Turkish seamless pipe imports up by17pct in 2011 - 2/10/2012 4:40:00 AM ET According to the data provided by the Turkish Statistical Institute, in December 2011 Turkey's seamless pipe imports rose by 56.85% compared to the previous month and were up 2.2% compared to December 2010 increasing to 19,221 tonnes. The value of these imports amounted to...
Iran feels sanctions pinch as Asia traders cut ties - 2/10/2012 4:39:00 AM ET Reuters reported that Malaysia has halted palm oil exports to Iran because of payments problems and Asian oil buyers have cut crude purchases as Western sanctions tighten a financial noose around Iran. Traders in China said that they would cut iron ore purchases from...
Turkish flat rolled imports down by 10pct in 2011 - 2/10/2012 4:38:00 AM ET According to Turkish statistical Institute data, Turkey imported 5.14m tonnes of flat rolled steel in 2011, 10.4% down YoY. Within this, imports of hot rolled flats last year were 11.8% down on 2010 with Russia the main supplier followed by Ukraine. Cold rolled flats...
Turkish steel pipe exports continue to fall in Jan - 2/10/2012 4:37:00 AM ET According to the statistics provided by Turkey's Steel Exporters' Association, in January this year Turkey's total steel pipe exports amounted to 132,563 tonnes falling by 5.2% YoY and down 16.15% compared to December 2011. Meanwhile, the revenue generated by these...
SULB plans capacity expansion and new rebar mill - 2/10/2012 4:36:00 AM ET Prospective Bahraini steelmaker United Steel Company plans to increase its melting and direct reduced iron capacity as well as install a rebar mill in the second phase of expansion at its new steelworks in the north eastern region of Al Hidd. Currently under...
Why The Global Economy Will Disappoint In 2012 - 2/10/2012 4:36:00 AM ET
Iranian steel imports collapse under sanctions - 2/10/2012 4:35:00 AM ET Reuters reported that steel exports to Iran are grinding to a halt as crippling US led sanctions have left local buyers without access to major currencies. Iranian buyers cannot obtain dollars or euros, forcing them to offer letters of credit in alternative currencies...
GC steel HDG price fall in Kolkata on February 9 - 2/10/2012 4:34:00 AM ET GC 100Gms 0.40
GP steel HDG price update on February 9 - 2/10/2012 4:33:00 AM ET GP 100Gms 0.40 Location Change Mumbai 0 Chennai 0 Kolkata -262 Delhi 0 Ludhiana 0 Kanpur 0 Rudrapur 0 Bangalore 0 Change is on 9th February as compared to 8thh February 2012 Change is in INR per tonne To know more details on steel prices subscribe to...
Indian iron ore mining mess - CVC seeks nod to prosecute 113 officers for corruption - 2/10/2012 4:32:00 AM ET The apex vigilance institution, Central Vigilance Commission has sought permission to initiate major penalty proceedings against 113 government officials involved in corruption cases. The government’s sanction is required to prosecute any employee right from the...
Stocks, euro deflated by Greek uncertainty - 2/10/2012 4:31:00 AM ET LONDON (Reuters) - Stocks and the euro fell while safe-haven government bonds rose on Friday as final approval for a long-awaited Greek debt deal remained elusive, keeping alive the threat of a messy sovereign default.
CR steel price movement on February 9 - 2/10/2012 4:31:00 AM ET CR DSK 0.63
Wide steel plate price remain flat on February 9 - 2/10/2012 4:29:00 AM ET PLTS GR B 12-20x2.5 Location Change Ahmedabad 0 Bangalore 0 Chennai 0 Delhi 0 Indore 0 Kanpur 0 Kolkata 0 Mumbai 0 Raipur 0 Rudrapur 0 Change is on 9th February as compared to 8thh February 2012 Change is in INR per tonne To know more details on steel...
Narrow HR steel plate prices remain flat on February 9 - 2/10/2012 4:28:00 AM ET PLTS GR A 8x1250 Location Change Chennai 0 Kanpur 0 Mumbai 0 Rudrapur 0 Change is on 9th February as compared to 8thh February 2012 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering...
HR steel prices remain flat on February 9 - 2/10/2012 4:27:00 AM ET HRC Tube 2.5x1250
Patra Narrow HR steel strips prices remain flat on February 9 - 2/10/2012 4:26:00 AM ET Patra Location Change Delhi 0 Ludhiana 0 Mandi 0 Change is on 9th February as compared to 8thh February 2012 Change is in INR per tonne To know more details on steel prices subscribe to services of www.steelprices-india.com by registering or send a mail to...
Steel joist I Beam prices remain flat on February 9 - 2/10/2012 4:25:00 AM ET JSTI GR A 250X125
Steel angle prices movement on February 9 - 2/10/2012 4:24:00 AM ET ANGL GR A 65X6 Location Change Ahmedabad 0 Bangalore 0 Chennai 0 Delhi 0 Indore 0 Kanpur 0 Kolkata 0 Ludhiana -209 Mandi 0 Mumbai 0 Raipur 0 Rudrapur 0 Change is on 9th February as compared to 8thh February 2012 Change is in INR per tonne To know more...
Steel wire rod prices remain flat on February 9 - 2/10/2012 4:23:00 AM ET WRC SWR14 5.5/6 Location Change Chennai 0 Delhi 0 Kanpur 0 Kolkata 0 Raipur 0 Rudrapur 0 Change is on 9th February as compared to 8thh February 2012 Change is in INR per tonne To know more details on steel prices subscribe to services of...
Pig iron prices remain flat on February 9 - 2/10/2012 4:22:00 AM ET Pig iron Foundry Grade
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