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Ron Hera Offers His Strategy for Natural Resource Investing at Vancouver Resource Investment Conference - 2/4/2012 9:25:00 PM ET
 Ron Hera, an investor and newsletter publisher, spoke at the Vancouver Resource Investment Conference regarding the life cycle model for resource investing and the future for inexpensive commodities. |
Money confiscated from black-market bank included millions in Chinese workers' savings - 2/4/2012 8:10:00 PM ET
More than NIS 3 million saved by Chinese workers was confiscated when the police raided the black-market bank caught operating in the Ramat Gan Diamond Exchange. The workers will discover the ... |
PRESENTING: Our Favorite Economic Report In The World - 2/4/2012 6:59:00 PM ET
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Pilot, passengers survive plane crash into Kalispell house - 2/4/2012 6:49:00 PM ET
Three people on board a small plane survived after the aircraft went out of control and smashed into a house on Golden Eye Court just south of Kalispell. |
David Morgan, a leading silver expert, says investors should be in silver - 2/4/2012 4:39:00 PM ET
 David Morgan is recognized as a leading silver expert and his opinions have been featured in Barron's, the Wall Street Journal, and elsewhere. At the Cambridge House Vancouver Resource Investment Conference, he gave a keynote speech about myths in the silver market. |
Plushenko awaits knee surgery - 2/4/2012 3:46:00 PM ET
Former Olympic figure skating champion Evgeni Plushenko says he will have surgery on his left knee in Germany on Feb. 23. The 29-year-old Russian won a seventh European title last week in Sheffield, England, to add to his Olympic gold from 2006 and three world... |
Abbott out of Four Continents - 2/4/2012 3:44:00 PM ET
Three-time U.S. figure skating champion Jeremy Abbott has withdrawn from next week's Four Continents because of a right hip injury. Abbott was replaced Friday by Richard Dornbush, who finished 13th at last week's U.S. National Chhampionships but was fifth in the free... |
Federal prosecutors give up on doping probe of Armstrong - 2/4/2012 3:30:00 PM ET
The case against Lance Armstrong is closed. His legacy as a seven-time Tour de France champion endures. Federal prosecutors dropped their investigation of Armstrong on Friday, ending a nearly two-year effort aimed at determining whether the world's most famous cyclist and... |
Here's The Real Problem With Investing In The Carlyle IPO - 2/4/2012 3:18:00 PM ET
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Since The S&P Downgrade... - 2/4/2012 3:15:00 PM ET
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THIS Is What A Self-Sustaining Recovery Looks Like - 2/4/2012 1:48:00 PM ET
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Hey! Look What's Getting Close To A 4-Year High - 2/4/2012 1:31:00 PM ET
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Rob McEwen: Mining magnate with a vision - 2/4/2012 11:10:00 AM ET
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Russia admits brief cut of gas supplies to Europe - 2/4/2012 9:13:00 AM ET
MOSCOW (AP) -- Russia's state-controlled Gazprom natural gas giant acknowledged for the first time Saturday that it had briefly reduced gas supplies to Europe amid a spell of extreme cold.... |
BP Says America Is Just Years Away From Energy Self-Sufficiency - 2/4/2012 8:55:00 AM ET
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BP Thinks America Is Just Years Away From Energy Self-Sufficiency - 2/4/2012 8:55:00 AM ET
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Super Bowl Betting And The Stupidity Of Investors - 2/4/2012 7:58:00 AM ET
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Super Bowl Betting And The Irrational Stupidity Of Investors - 2/4/2012 7:58:00 AM ET
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MBILA offtake expressions of interest exceed 600 000 tonne per annum - 2/4/2012 7:49:00 AM ET
ZYL Limited the Perth based emerging metallurgical coal producer with two key projects in South Africa announced that a total of six non binding expressions of interest, representing more than 600 000 tonnes per annum, have been received for offtake in respect of production... |
Itochu Corp Q3 profit up by 38% - 2/4/2012 7:48:00 AM ET
Itochu Corp said that its net profit for the third quarter ended September 30 grew 38% on year, owing to higher prices and an increase in sales of iron ore. The Japanese trading house said its net profit for the just-ended quarterly period came to JPY 58.61 billion from... |
Natural Resource Partners completes fifth acquisition - 2/4/2012 7:42:00 AM ET
Natural Resource Partners announced that it has completed the fifth acquisition of coal reserves at the Deer Run mine near Hillsboro, Illinois for USD 40 million from Colt LLC, an affiliate of the Cline Group. The acquisition was funded with cash. NRP has paid USD 215... |
Metso to supply equipment to Hamersley Iron Pty - 2/4/2012 7:41:00 AM ET
Metso will supply a tandem rotary railcar dumper to Hamersley Iron Pty Ltd in Australia. The equipment will be delivered to Hamersley Iron’s Cape Lambert, Port B iron ore operation in North Western Australia. The value of the order will not be disclosed. The order... |
Ukraine coal output in January up by 6pct - 2/4/2012 7:40:00 AM ET
Ukraine energy and coal ministry without giving a reason said that Ukraine’s coal output rose by 6.2% in January from a year earlier. The Kiev based ministry said that coal production increased to 6.97 million tonnes in January, which is 1.13 million tonnes more... |
FMG and Aquila Resources told to form a JV to develop Anketell Port - 2/4/2012 7:33:00 AM ET
PREMIER Colin Barnett has told Fortescue Metals Group and Aquila Resources to bury their differences and form a joint venture to develop the Anketell Port. Speaking at the launch of the State Government’s new port strategy, Mr Barnett gave the clearest indication... |
Itochu and Mitsui approve funding to expand capacity of WA iron ore operations - 2/4/2012 7:32:00 AM ET
ITOCHU Corporation and Mitsui & Co Ltd announced that they have approved the pre commitment funding for the outer harbor facility associated with the Western Australia iron ore operations, which are run as joint ventures with leading mining company, BHP Billiton. The pre... |
Mitsubishi Materials starts end mill production in Indonesia - 2/4/2012 7:25:00 AM ET
Mitsubishi Materials started local production of cemented carbide tools in Indonesia. The firm established production lines for cemented carbide end mill inside PT MMC Metal Fabrication, Mitsubishi Materials' existent wholly owned subsidiary in Bekasi Regency, Jawa... |
Copper futures rise as manufacturing gains in US and India - 2/4/2012 7:24:00 AM ET
Bloomberg reported that copper futures rose, snapping 3 session slump as manufacturing gains in Asia and the US bolstered prospects for metal demand. According to the Institute for Supply Management, in January a purchasing managers’ index gained in China, the... |
Norsk Hydro shares dip after asset write down - 2/4/2012 7:23:00 AM ET
Reuters reported that Norwegian aluminum producer Norsk Hydro would write down asset values by NOK 1.3 billion most of it related to its Kurri Kurri plant in Australia. The company said that the measures would weigh on its fourth quarter results due on February 16th... |
UC RUSAL to increase stake in Yaroslavsk GRK - 2/4/2012 7:17:00 AM ET
UC RUSAL announced that it has entered into an agreement to acquire 50% of OOO Yaroslavsk GRK from Russian Mining Company. Following completion of the deal, Yaroslavsk GRK will be 100% wholly owned by RUSAL. The acquisition is in line with RUSAL's strategy to develop the... |
Gentor and Al Fairuz announce drilling of Mahab 4 VMS copper project in Oman - 2/4/2012 7:16:00 AM ET
Gentor Resources Inc announced further strong results from their on going evaluation drilling of the Mahab 4 Cyprus type volcanogenic massive sulphide copper discovery in Oman. Infill diamond drilling at approximately 25 meter spacing, mainly in the northern and central... |
Tredegar to close Indiana plant - 2/4/2012 7:15:00 AM ET
Tredegar Corporation’s Bonnell Aluminum subsidiary will close its plant in Kentland, Indiana. Tredegar said that the plant had been operating at a loss for the past several years. The closure expected to be completed by September 30th 2012 will affect 146... |
Baobab Resources announces first drill results from Tenge - 2/4/2012 7:09:00 AM ET
Baobab Resources Plc has announced an update of activities at the Massamba Group iron vanadium titanium project. IFC hold a 15% participatory interest in the project with Baobab owning the remaining 85%. A recent scoping level viability analysis of the project assessed... |
Outlook positive for global manganese producers in 2012- Report - 2/4/2012 7:08:00 AM ET
Roskill Information Services in a recent report titled 'Manganese: Global industry markets and outlook 2012 (12th Edition)', outlined that at the end of 2011 market conditions for manganese products were relatively weak with a large stockpile of ore at Chinese ports and... |
Norilsk Nickel summarizes results of Harjavalta operations - 2/4/2012 7:07:00 AM ET
OJSC MMC Norilsk Nickel announces the 2011 operational results of its subsidiary in Finland Norilsk Nickel Harjavalta Oy. In 2011, MMC Norilsk Nickel initiated implementation of a number of innovative organizational methods and technologies at NNH which resulted in... |
Macroeconomic indicators - Czech economy to grow slightly in 2012 - 2/4/2012 7:01:00 AM ET
Speaking on a political talk show on Sunday, Czech minister of finance Mr Miroslav Kalousek appeared comparatively upbeat about the prospects for the Czech economy in 2012. In early January 2012, he spoke of expecting to adjust government spending plans to accommodate a 2%... |
Kyoei Steel posts 18 times higher recurring profit for 9M 2011 - 2/4/2012 7:00:00 AM ET
Kyoei Steel announced that the firm's consolidated recurring profit expanded by 18 times for nine months of April to December 2011. The firm posted net profit for nine months against net loss in the same period of fiscal 2010. Steel shipment increased and ferrous scrap cost... |
Vancouver Iron Steel to pay USD 4693 fine for water permit violation - 2/4/2012 7:00:00 AM ET
The Oregon Department of Environmental Quality said that Vancouver Iron & Steel Inc is paying a USD 4,693 Oregon Department of Environmental Quality fine for failing to conduct all required storm water discharge monitoring at its foundry at 866 N. Columbia Boulevard in... |
Nichia Steel announces FY 2011-12 parent forecast - 2/4/2012 6:59:00 AM ET
Nichia Steel Works Limited has announced parent only earnings estimates for the full year ended March 31st 2012. |
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Shinsho Corp announces FY 2011-12 parent forecast - 2/4/2012 6:58:00 AM ET
Shinsho Corporation has announced parent only earnings estimates for the full year ended March 31st 2012. Item FY '12 LF FY '12 PF Sales 800 940 Recurring 4.3 4.7 Net 2 2.5 In JPY billions unless specified LF - Latest forecast PF - Previous |
JFE Holdings announces FY 2011-12 parent forecast - 2/4/2012 6:57:00 AM ET
JFE Holdings Inc has announced parent only earnings estimates for the fiscal year ended March 31st 2012. |
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European Stocks Post Biggest Weekly Rally of 2012; Xstrata Gains - 2/4/2012 6:56:00 AM ET
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Godo Steel announces FY 2011-12 dividend forecast - 2/4/2012 6:56:00 AM ET
Godo Steel Limited has announced parent only earnings estimates fro fiscal year ended March 31st 2012. |
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Hokuetsu Metal announced FY 2011-12 group forecast - 2/4/2012 6:55:00 AM ET
Electric furnace steelmaker Hokuetsu Metal Co Limited has announced consolidated earnings estimates for the fiscal year ended March 31st 2012. |
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South Korean auto sales down by 1.7pct YoY in January - 2/4/2012 6:54:00 AM ET
Yonhap reported that South Korea's five automakers led by market leader Hyundai Motor Co reported a 1.7% YoY drop in January 2012 sales due to a slump in domestic demand. According to data released by the companies, the combined sales of the carmakers came to 617,506... |
Sumitomo Metals forecasts as 61.5pct YoY profit increase in FY 2011 - 2/4/2012 6:53:00 AM ET
Sumitomo Metal Industries announced that the firm's full year consolidated recurring profit is now estimated to increases by 61.5% to JPY 55 billion in fiscal 2011 ending in March 2012 as compared with the previous fiscal year while the latest profit forecast is 45% lower... |
Kobe Steel announces dividend for FY 2011 - 2/4/2012 6:52:00 AM ET
Kobe Steel's policy is to distribute dividends on a continuous and stable basis. Dividends are decided taking into account the Company's financial condition, trends in its business performance, future capital needs, and other issues from a comprehensive standpoint. On... |
EU new commercial vehicles registration up by 20.5pct YoY in December - 2/4/2012 6:51:00 AM ET
European Automobile Manufacturer's Association has announced that, December 2011 results in the truck segment showed a 20.5% upturn in the EU which recorded 26,846 units. Looking at the most significant markets, Spain (-3.5%) was the only one to contract, while Germany... |
Hokuetsu Metal announces FY 2011-12 parent forecast - 2/4/2012 6:50:00 AM ET
Electric furnace steelmaker Hokuetsu Metal Co Limited has announced parent only earnings estimates for the fiscal year ended March 31st 2012. Item FY '12 LF FY '12 PF Sales 21.17 21.21 Operating 510 mln 400 mln Recurring 560 mln 450 mln Net 220 mln 250 mln In JPY... |
MARC downgrades Perwaja Steel MMTNs to A-ID with a negative outlook - 2/4/2012 6:49:00 AM ET
Bernama reported that Malaysian Rating Corp Bhd has downgraded Perwaja Steel Sdn Bhd's MYR 400 million Murabahah Medium Term Notes program from AID to A-ID with a negative outlook. The rating agency in a statement that "The rating action, which affected MYR 160 million... |
SunCoke Energy announces Q4 and FY 2011 results - 2/4/2012 6:48:00 AM ET
SunCoke Energy Inc has announced fourth quarter and full year 2011 results. Consolidated results |
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Haynes Intl announces Q1 FY 2012 financial results - 2/4/2012 6:47:00 AM ET
Haynes International Inc has announced financial results for the first quarter of fiscal 2012. Net Revenues Net revenues were USD 128.9 million in the first quarter of fiscal 2012, an increase of 21.2% from USD 106.4 million in the same period of fiscal 2011. Volume was... |
Executives buy POSCO stocks in an effort to take more responsibility for management - 2/4/2012 6:46:00 AM ET
It is reported that executives at steelmaker POSCO have started snapping up the company's shares in an effort to take more responsibility for management and help stabilize prices after domestic industry players have found themselves rocked by high levels of volatility in... |
PKM Steel to retain Mr Hamade as COO for the next ten years - 2/4/2012 6:45:00 AM ET
PKM Steel Service Inc, a global producer of heavy and intermediate structural steel, has announced an agreement to retain Mr Mark Hamade as chief operating officer for the next ten years. Under Mr Hamade's management, PKM Steel Service will continue to focus on helping... |
Barr Limited to close Solway Steel with the loss of 80 jobs - 2/4/2012 6:44:00 AM ET
Solway Steel is set to close with the loss of 80 jobs. Half of the job losses will be at the Killoch site, while the other 40 are at the Creetown base. Just before Christmas, bosses announced a review of the business with the expectation of some job losses. But after the... |
Ajaokuta Steel workers embark on an indefinite strike - 2/4/2012 6:43:00 AM ET
It is reported that staff of the moribund Ajaokuta Steel Company Limited in Kogi State have embarked on an indefinite strike as the steel company has been locked up. The staff are protesting against unpaid salaries and allowances, which they claimed have been released to... |
Western Metals Recycling purchases AMPCO Inc - 2/4/2012 6:42:00 AM ET
Western Metals Recycling purchased local automotive salvage and metal recycling business Van Gundy's AMPCO Inc. Western is owned by Cincinnati based The David J Joseph Company, a subsidiary of steel manufacturing business Nucor Corporation. The David J Joseph Company is... |
Japanese new car sales up by 40pct YoY in January - 2/4/2012 6:41:00 AM ET
The Japan Automobile Dealers Association said that domestic sales of new cars rose by 40.7% YoY in January 2012 to 263,267 vehicles, marking the fifth straight month of growth. Sale of passenger cars increased has by 42.7% YoY to 239,107. Of those, sales of standard... |
Ruukki to initiate a project to improve steel business competitiveness - 2/4/2012 6:40:00 AM ET
Ruukki Metals announced that it is to initiate a project aimed at operations across the division to achieve a permanent annual improvement of around EUR 50 million in earnings performance and also profitable business when production is running at 80%, which is low for the... |
Japanese construction orders up by 1.5pct YoY in December - 2/4/2012 6:39:00 AM ET
Nikkei reported that construction orders at 50 major firms rose by 1.5% YoY in December 2011 to JPY 1.032 trillion, up for the third straight month. The Infrastructure Ministry said that orders from the private sector rose by 5.8% YoY to JPY 698.9 billion, marking the... |
Asian shipping expected to ride out stormy downturn - 2/4/2012 6:38:00 AM ET
Key leaders of Singapore's maritime industry recently said that the ongoing downturn may lead to more consolidation among shipping companies, but Asia is likely to emerge as the new shipping hub of the world. Mr Michael Chia chairman of the Singapore Maritime Foundation... |
Japanese steel inventory surged by 1.7pct MoM in December - 2/4/2012 6:37:00 AM ET
JMB reported that hot rolled, cold rolled and surface treated flat rolled steel inventories at Japanese steel makers, dealers and members of national coil centers association increased by 1.7% or 72,000 tonnes to 4.318 million tonnes for domestic order at the end of... |
ThyssenKrupp selects Chicago as North American regional headquarters - 2/4/2012 6:36:00 AM ET
Chicago mayor Mr Rahm Emanuel announced that following an evaluation of about 20 worldwide cities, German technology and materials group ThyssenKrupp selected Chicago as it's North American regional headquarters. Mr Emanuel said that the investment will bring about 100... |
Japanese integrated steels lower profit forecasts for FY 2011 - 2/4/2012 6:35:00 AM ET
JMB reported that Japanese integrated steel makers, Nippon Steel, JFE Holdings, Sumitomo Metal Industries and Kobe Steel, lowered their full year consolidated recurring profit forecast for fiscal 2011 ending in March 2012 from the previous estimations. Nippon Steel, JFE... |
Siemens VAI wins converter modernization order from AHMSA - 2/4/2012 6:34:00 AM ET
Siemens VAI Metals Technologies announced that it has received an order from the Mexican steel producer Altos Hornos de Mexico SAB de CV to modernize the LD (BOF) converter in the Monclova steel works. The contract includes the engineering and delivery of key components and... |
CAP net profit fell by 25pct YoY to USD 441.66 million in 2011 - 2/4/2012 6:33:00 AM ET
Net profit at CAP SA, Chile's only integrated steel and iron ore producer, fell by 25% YoY in 2011 to USD 441.66 million. In a separate statement, the company noted that without the 2010 one time gain that resulted from the merger of two of its subsidiaries, its 2011 net... |
Steel end users show resilience despite recessionary economic environment - EUROFER - 2/4/2012 6:32:00 AM ET
EUROFER's Q1 2012 economic and steel market outlook shows that while the EU economy probably slipped into a shallow recession in the final quarter of 2011, activity of downstream steel users has remained rather firm. The latest economic data confirm that the Eurozone's... |
POSCO Q4 2011 net profit fell short of expectations - 2/4/2012 6:31:00 AM ET
Reuters reported that POSCO, backed by billionaire investor Mr Warren Buffett, has reported a smaller than expected 33% gain in quarterly profit, the latest steelmaker to post disappointing results as the slowing global economy kept it from fully passing on higher costs to... |
Evraz Plc voting rights and capital as at January 31 2012 - 2/4/2012 6:29:00 AM ET
As at January 31st 2012, Evraz Plc's issued share capital consists of 1,338,400,101 ordinary shares of USD 1.00 each. The total number of voting rights attaching to the ordinary shares of Evraz Plc is therefore 1,338,400,101. The above figure of 1,338,400,101 may be... |
Nabucco still considers Turkey as important partner - 2/4/2012 6:28:00 AM ET
Nabucco Gas Pipeline International continues to consider Turkey as an important partner for its project. Mr Christian Dolezal spokesman of Nabucco Gas Pipeline International GmbH said that "Turkish Botas is a shareholder in the Nabucco project, and Turkey is an important... |
Export duty on oil fell by USD 393 a tonne in Russia on Feb 1 - 2/4/2012 6:27:00 AM ET
Interfax reported that the export duty for oil in Russia will fall by USD 3.8 to USD 393.7 per tonne on February 1st 2012. Prime Minister Mr Vladimir Putin signed a decree on the new duty on January 25th 2012. The Rossiiskaya Gazeta newspaper published the decree on... |
Vyksa celebrates 25 years of electric welding pipes plant No 5 - 2/4/2012 6:26:00 AM ET
Vyksa, part of United Metallurgical Company CJSC, has celebrated 25 years of electric welding pipes plant number 5, producing casing for oil and gas arrangement. In a solemn ceremony dedicated to the anniversary celebrations, was attended by workers and veterans of the... |
Macroeconomic indicators - Russian 2012 budget deficit expected at 1pct of GDP - 2/4/2012 6:25:00 AM ET
RIA Novosti quoted Mr Andrei Klepach deputy economic development minister of Russia as saying that the federal budget deficit this year may come in at 1% of GDP. He said that the forecast is based on the assumption that the budgetary revenue base in 2012 will be higher... |
Mr Yanukovych signs privatization program for 2012-2014 - 2/4/2012 6:24:00 AM ET
Ukrainian News Agency reported that President Mr Viktor Yanukovych has signed the law on the privatization state program. The bill was drafted by the State Property Fund with the aim of facilitating optimization of the market share of the public sector, improving the... |
2012 will be a challenging year for Russian steel industry - Severstal CEO - 2/4/2012 6:23:00 AM ET
According to Mr Alexey Kulichenko deputy CEO of Severstal, 2012 will be a challenging year for the metals industry in both Russia and abroad. Mr Kulichenko said that "It's mainly due to the global economic uncertainty in Europe and the US. The sovereign debt situation... |
Metalloinvest sees its 2012 sales falling by up to 30pct - 2/4/2012 6:22:00 AM ET
Reuters reported that Russia's largest iron ore miner Metalloinvest is expecting sales to fall by 20% to 30% in 2012 due to depressed prices. Mr Eduard Potapov CEO of Metalloinvest said that "The price of iron ore has fallen and we expect EBITDA and revenue will be down... |
Cherepovets Steel Mill increased strip deliveries by 5pct in 2011 - 2/4/2012 6:21:00 AM ET
OAO Severstal announces that its Cherepovets Steel Mill, part of the Severstal Russian Steel Division and one of the world's largest standalone integrated steelworks by capacity, has increased deliveries to Russian pipe making companies in 2011 by 5%. A total of more... |
Chinese domestic steel beam price update on February 03 - 2/4/2012 6:20:00 AM ET
Beam #25 |
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Chinese domestic steel channel price movement on February 03 - 2/4/2012 6:19:00 AM ET
Channel #16 |
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Chinese domestic steel Angle price on February 03 - 2/4/2012 6:18:00 AM ET
Angle #5 Location In CNY In |
Chinese domestic galvanized steel HDG price on February 03 - 2/4/2012 6:17:00 AM ET
HDG 0.5mm Location In CNY In USD Shanghai 0 0 Hangzhou 0 0 Nanjing 0 0 Wuxi 0 0 Jinan 0 0 Boxing 0 0 Fuzhou 0 0 Nanchang 0 0 Guangzhou 0 0 Wuhan 0 0 Zhengzhou 0 0 Beijing 0 0 Tianjin 0 0 Shenyang 0 0 Harbin 0 0 Chongqing 0 0 Chengdu 0 0 Xian 0 0 ... |
Chinese domestic CR steel price on February 03 - 2/4/2012 6:16:00 AM ET
CR 1mm |
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Chinese domestic narrow HR strip prices on February 03 - 2/4/2012 6:15:00 AM ET
HR Strip 235*2.75 Location In CNY In USD Shanghai 0 0 Hangzhou 0 0 Wuxi 0 0 Guangzhou 0 0 Tianjin 0 0 Tangshan 0 0 Shenyang 0 0 Harbin 0 0 Chongqing 0 0 Chengdu 0 0 Kunming 0 0 Guiyang 0 0 Average 0 0 Change is on 03rd February as compared to 02nd February... |
Chinese domestic pig iron prices on February 03 - 2/4/2012 6:14:00 AM ET
Pig Iron Z18-22 Foundry |
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Chinese domestic steel plate price on February 03 - 2/4/2012 6:13:00 AM ET
Plates 20mm Common Location In CNY In |
Chinese domestic HR steel prices on down path on February 03 - 2/4/2012 6:12:00 AM ET
HRC 5.75mm Common |
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Chinese domestic steel wire rod price on February 03 - 2/4/2012 6:11:00 AM ET
WRC 6.5mm High Speed |
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China unveils 2011-15 plans for renewable energy sector - 2/4/2012 6:10:00 AM ET
According to the 12th Five Year Plan (2011-2015) for the renewable energy industry recently released by the National Energy Administration, China is targeting the development of non fossil energy including wind power, solar power, biomass energy, solar energy and thermal... |
Baosteel Engineering 5+3+1 industrial distribution promotes production - 2/4/2012 6:09:00 AM ET
2011 is the first year of Baosteel Engineering&Technology Group's substantive consolidation. With the further clarification of 5+3+1 industrial layout, collective cooperation mode is quickly implemented to promote enterprise's overall competitiveness and the business... |
Liaoning iron ore prices rose after Chinese New Year - 2/4/2012 6:08:00 AM ET
Iron ore prices rose slightly on February 01st 2012. Although many market participants expect price to step up, they all are cautious in operation. In Western Liaoning, mainstream quotation for 66% fines stood at CNY 790 to CNY 810. Transaction remained thin as most... |
Iran's Revolutionary Guard Begins Military Exercises Near The Strait Of Hormuz - 2/4/2012 6:07:00 AM ET
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The emergence of Chinese JV Auto Brands - 2/4/2012 6:07:00 AM ET
The Chinese automobile market is maturing with growing competition and emerging new market segments as well as new consumer groups. The automobile companies present on the Chinese market cope with the upcoming changes in combined efforts of their established JV. Those have... |
Xiangtan Steel produces 2 million tonne of marine grade steel plate in 2011 - 2/4/2012 6:06:00 AM ET
Hunan Province based Chinese steelmaker Xiangtan Iron and Steel Company total output of marine grade steel plate exceeded 2 million tonnes in 2011, worth CNY 12 billion in value. Xiangtan Steel commissioned its 5 meter wide steel plate production line in October 2010. As... |
Chinese domestic steel billet price on February 03 - 2/4/2012 6:05:00 AM ET
Billets 150*150 Q235 Location In CNY In USD Shanghai 0 0 Jiangsu 0 0 Shandong -30 -5 Fujian 0 0 Guangdong 0 0 Henan 0 0 Hebei 0 0 Shanxi 0 0 Liaoning -50 -8 Yunnan 0 0 Average -8 -1 Change is on 03rd February as compared to 02nd February 2012 Change is per... |
China auto imports exceeds one million in 2011 - 2/4/2012 6:04:00 AM ET
As indicated in the new report entitled 'China auto import situation in 2011 to 2012 and future development issued by China Automobile Trading Company, China's auto imports in 2011 amounted to over 1 million vehicles, rising by 30.1% YoY. In 2010, Chinese import auto... |
Chinese domestic steel rebar prices movement on February 03 - 2/4/2012 6:03:00 AM ET
Rebar 20mm HRB 400 |
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Handan Steel develops production of TRIP steel - 2/4/2012 6:02:00 AM ET
Chinese steel producer Hebei Iron and Steel Group has announced that its subsidiary Handan Iron and Steel Company (Handan Steel) has successfully produced transformation induced plasticity steel (TRIP) for application in automobile production, thereby expanding its product... |
Chinese steel price index update on February 03 - 2/4/2012 6:01:00 AM ET
The Chinese Long Product Price Index CLPPI went down by 6 points on February 3rd 2012, whereas the Chinese Flat Products Index CFPPI up by 1 point. The overall price index CHISPI down by 2 |
Kuwait crude output near full capacity - 2/4/2012 6:00:00 AM ET
Reuters cited Mr Farouk Al-Zanki CEO of Kuwait Petroleum Corporation as saying that core OPEC Gulf member Kuwait is producing near its full capacity and would find it difficult to increase production or honor requests for additional crude. Mr Al Zanki said that Kuwait... |
Turkey seeks a major role in growth of UAE non oil trade - 2/4/2012 6:00:00 AM ET
Gulf News reported that trade between the UAE and Turkey is expected to more than double by 2015. Representatives of both governments said that trade is expected to increase from the current AED 16.1 billion to about AED 36.7 billion within 3 years with Turkey playing a... |
Shell Oman renews agreement with Arabian Automobile Alliance - 2/4/2012 5:59:00 AM ET
Shell Oman Marketing Company has signed an agreement with Arabian Automobile Alliance for customers of the Shell Gold Fuel Cards at the Shell head office last week. With this renewed agreement, Shell Gold Fuel Card holders can continue to avail of AAA services free of... |
Oman LNG to support OWA in Al Buraimi - 2/4/2012 5:58:00 AM ET
The Omani Women’s Association in Al Buraimi Governorate has become the latest beneficiary of Oman LNG’s far reaching social investment program that is divided into three broad categories: Empowering Communities, Championing Innovation and Investing in People. ... |
Switzerland Should Be Terrified Of The Rampaging Justice Department - 2/4/2012 5:57:00 AM ET
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The Justice Department Will Keep Smashing Swiss Banks Until It Gets What It Wants - 2/4/2012 5:57:00 AM ET
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Iran accepts 45pct of India oil sales in rupees - Report - 2/4/2012 5:57:00 AM ET
AFP reported that Iran has agreed to be paid 45% of revenue from its Indian oil exports in rupees to be deposited with an Indian bank beyond the reach of new US and European sanctions. As per report, the two countries have chosen UCO Bank, headquartered in the eastern... |
Iran and Oman discuss gas exports - 2/4/2012 5:56:00 AM ET
Iran and Oman discussed on Monday the prospects of exporting Iranian gas to the Persian Gulf Sultanate. Mr Mohammad Reza Rahimi first VP of Iran and Omani Sultan Qaboos bin Said met in Muscat to discuss a possible deal and the bilateral ties that could see Oman’s... |
Saudi and Kuwait may award Hout gas deals in Feb - 2/4/2012 5:55:00 AM ET
Reuters reported that a Kuwaiti and Saudi JV is close to awarding contracts to recover gas from their shared Hout oilfield with US based McDermott International and South Korea's Daewoo Engineering the lowest bidders. Industry sources said that the Al Khafji Joint... |
Iran boosts total value of bonds offered for South Pars gas - 2/4/2012 5:54:00 AM ET
The total value of bonds being issued to finance development of the South Pars gas field has been increased by 27% due to an anticipation of high public demand. Mr Ahmad Qalebani MD of National Iranian Oil Company said that Iran will start offering IRR 11.5 trillion in... |
Senators demand withdrawal of oil and gas price hike - 2/4/2012 5:53:00 AM ET
Legislators belonging to the Pakistan Muslim League N Muttahida Qaumi Movement, Jamaat I Islami, PML, Jamiat Ulema-i-Islam-F and Pakhtunkhwa Milli Awami Party staged a walkout from the Senate against a massive increase in the prices of petroleum products and natural gas. ... |
UAE crude output hit 3 MBPD in Dec 2011 - 2/4/2012 5:52:00 AM ET
Gulf News reported that the UAE's average oil output rose 2.38% in December to 2.58 million barrels per day from a month earlier. International Energy Agency said that OPEC crude oil supply rose by 240,000 barrels per day to an average of 30.89 million barrels per day in... |
Siemen Pakistan s posts profit of PKR 38.45 million - 2/4/2012 5:51:00 AM ET
The Siemens Pakistan Engineering Company Limited has posted a profit after tax of PKR 38.45 million for the quarter ended on December 31st 2011 which is 158% lower than PKR 206.30 earned in the same quarter last year. This translated into an earning per share of PKR 4.66... |
Cement crisis worsens spreading from Jeddah and Madinah - 2/4/2012 5:50:00 AM ET
A cement crisis resulting from illegal trading and a steep hike in prices is spreading from Jeddah and Madinah to other major cities and regions in the Kingdom. In Jeddah a bag of cement now costs over SAR 25 and most dealings take place through middlemen whereas in... |
UAE construction costs set to fall in 2012 - 2/4/2012 5:49:00 AM ET
A new report from construction industry cost tracker MEED Cost Indices has revealed that construction costs in the UAE will fall in 2012 due to the unexpected slowdown in the country's projects market in 2011. MCI forecasts that construction costs in the UAE will fall by... |
Sales of household appliances lower than expected during Lunar New Year holidays - 2/4/2012 5:48:00 AM ET
Sales of large-size electrical household appliances including LCD TVs in the China market were lower than expected during the Lunar New Year holidays, according to data compiled by retail channels ... |
Saudis nominate Mr Al Moneef as OPEC chief - 2/4/2012 5:48:00 AM ET
Gulf News reported that Saudi Arabia nominated its Organization of Petroleum Exporting Countries governor Mr Majid Al Moneef as a candidate for secretary general of the oil producer group. Mr Abdullah Al Badri OPEC's current secretary general Libya will end his second 3... |
Turkish steel export value down by 12pct in Jan from Dec - 2/4/2012 5:47:00 AM ET
According to the provisional foreign trade statistics compiled by the Turkish Exporters' Association, in January this year Turkey's steel exports totaled USD 1.26 billion in value increasing by 29.03% YoY and down 11.56% as compared to the previous month. On the other... |
Saudi Arabia steel imports from Turkey quintuple in January - 2/4/2012 5:46:00 AM ET
According to the preliminary statistics provided by Turkey's Steel Exporters' Association, in January this year, Turkish steel exports to Saudi Arabia increased almost by 5 times compared to January 2011. The data show that Turkey's total steel exports to Saudi Arabia in... |
GC steel HDG prices remain flat on February 3 - 2/4/2012 5:45:00 AM ET
GC 100Gms 0.40
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GP steel HDG price update on February 3 - 2/4/2012 5:44:00 AM ET
GP 100Gms 0.40
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CR steel price movement on February 3 - 2/4/2012 5:43:00 AM ET
CR DSK 0.63
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Narrow HR steel plate prices remain flat on February 3 - 2/4/2012 5:42:00 AM ET
PLTS GR A 8x1250 Location Change Chennai 0 Kanpur 0 Mumbai 0 Rudrapur 0 Change is on 3rd February as compared to 2nd 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... |
TCI bagged Customer & Brand Loyalty Award - 2/4/2012 5:41:00 AM ET
Transport Corporation of India, India’s leading integrated logistics and supply chain solutions provider, won the Customer & Brand Loyalty in the “3PL / Supply Chain Sector” at the glittering AIMIA 5th Loyalty Awards ceremony on February 1st 2012. Mr... |
13 dead in China mine blast - 2/4/2012 5:40:00 AM ET
A coal mine gas explosion left 13 people dead in southwest China, authorities said Saturday. |
16 New Insights That Challenged What We Knew About The Markets And Economy - 2/4/2012 5:40:00 AM ET
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Steel joist I Beam prices scenario in major places on February 3 - 2/4/2012 5:40:00 AM ET
JSTI GR A 250X125
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Steel light channel price movement on February 3 - 2/4/2012 5:39:00 AM ET
CHNL GR A 75/100
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Steel wire rod price up in Delhi on February 3 - 2/4/2012 5:38:00 AM ET
WRC SWR14 5.5/6 Location Change Chennai 0 Delhi 354 Kanpur 0 Kolkata 0 Raipur 86 Rudrapur 0 Change is on 3rd February as compared to 2nd February 2012 Change is in INR per tonne To know more details on steel prices subscribe to services of... |
Pig iron price update on February 3 - 2/4/2012 5:37:00 AM ET
Pig iron Foundry Grade
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Toyota Kirloskar January sales up by 89pct - 2/4/2012 5:36:00 AM ET
Car maker Toyota Kirloskar Motor reported an 89.34% increase in sales to 17,395 units in January, driven by robust demand for its latest 'Etios' and 'Liva' models. Toyota Kirloskar Motor in a statement said that the company sold 9,187 units in the corresponding month... |
Ford India January sales update - 2/4/2012 5:35:00 AM ET
Ford India, the Indian subsidiary of the American auto major Ford Motor Company, closed last month selling 10,789 units, up from 10,026 units sold in January 2011. Despite an increasingly challenging market, Ford India sold 10,789 wholesale and export units in January,... |
Kobelco Cranes begins commercial output in India - 2/4/2012 5:34:00 AM ET
Kobelco Cranes India Pvt Ltd, part of the Japanese major Kobelco Cranes Co, commenced commercial production of its hydraulic crawler cranes in India from Thursday. Mr Isao Aida president and CEO of the parent company said the INR 100 crore facility that has come up at... |
Hero MotoCorp January sales jump by 11pct - 2/4/2012 5:33:00 AM ET
The country's largest two wheeler maker Hero MotoCorp reported its highest ever sales of 520,272 units for January, 2012, a 11.52% increase vis a vis the corresponding month last year. The company said that it sold 466,524 units in January 2011. Mr Anil Dua senior vice... |
Sponge iron price movement on February 3 - 2/4/2012 5:32:00 AM ET
Sponge iron
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Essar Ports Q3 profit up by five fold - 2/4/2012 5:31:00 AM ET
Essar Ports Limited part of the Essar Group announced its results for the quarter ended December 31st 2011. Financial Results: For the quarter ended December 31st 2011, Essar Ports’ revenue increased to INR 276.78 crore as against INR 190.27 crore, registering an... |
Dr Farooq Abdullah calls for increased lending to renewable energy sector - 2/4/2012 5:29:00 AM ET
Union Minister of New and Renewable Energy, Dr Farooq Abdullah has urged the banking sector to scale up lending to renewable energy projects especially those aimed at providing energy access in remote areas and to disadvantaged rural communities. Speaking at a high level... |
RINL VSP mobile canteen facility inaugurated - 2/4/2012 5:28:00 AM ET
Mr YR Reddy director (personnel) of VSP has inaugurated the Mobile canteen facility to facilitate the Contract employees in large numbers and employees of Visakhapatnam Steel Plant at LP Bay of SMS-2. The mobile canteen services will be available to the people at... |
Patra Narrow HR steel strips price update on February 3 - 2/4/2012 5:27:00 AM ET
Patra |
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Welspun India Q3 net profit surges by 524.67pct - 2/4/2012 5:10:00 AM ET
Welspun India Ltd has announced its financial results for the period ended December 31st 2011. The company has posted net profit of INR 292.66 million for the quarter ended December 31st 2011 as compared to INR 46.85 million for the quarter ended December 31st 2010,... |
Macroeconomic indicators - Indian exports in December grow by 6.7pct - 2/4/2012 5:09:00 AM ET
Export growth continued to be meager as shipments in December 2011 increased by only 6.7% YoY to USD 25 billion, owing to a weak demand in major markets such as the US and Europe. However, this performance was slightly better than the November 2011 showing, when the... |
HR steel price up in Delhi on February 3 - 2/4/2012 5:08:00 AM ET
HRC Tube 2.5x1250
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Pencil ingot price movement in major places on February 3 - 2/4/2012 5:07:00 AM ET
Pencil ingot
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POSCO war zone - Hearing at Green Tribunal on Feb 22 - 2/4/2012 5:06:00 AM ET
BS reported that National Green Tribunal has fixed February 22 for hearing the appeal challenging environmental clearance granted to the POSCO’s mega steel project in Orissa. All the parties related to the case presented their arguments at the NGT. The parties... |
Wide steel plate prices crash at Raipur - 2/4/2012 5:05:00 AM ET
PLTS GR B 12-20x2.5
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SAIL to re invite bids for Greenfield coking coal mine in Jharkhand - 2/4/2012 5:04:00 AM ET
ET reported that Steel Authority of India Limited will again call for quotations from mining contractors to develop a Greenfield coking coal mine in which it hopes to, for the first time, also outsource rehabilitation of local people as part of the mine development program.... |
Race for CIL chairman post gaining pace - 2/4/2012 5:03:00 AM ET
ToI reported that 5 senior bureaucrats, who have served or are serving powerful political establishments, are among 15 candidates in race for the post of chairman of the world's biggest coalminer state run Coal India Ltd. Coal ministry sources said the interviews are to... |
Psons pulls out of Carbofer deal - 2/4/2012 5:02:00 AM ET
Reuters citing a Carbofer official reported that steel and coal trading house Carbofer is looking for new investors after an Indian iron ore magnate, who was in advanced talks to buy a substantial stake in the company, pulled out of negotiations. Mr Piero Piccolo CEO of... |
Indian flat product price index jump by 13 points on February 3 - 2/4/2012 5:01:00 AM ET
The Indian Long Product Price Index ILPPI inclined by 4 points on February 3rd 2012, where as Indian Flat Product Price Index IFPPI up by 13 points. The overall Indian Steel Price Index INDSPI went up by 8 points.
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Do you need updates on projects in India SEA and Gulf region - 2/4/2012 5:00:00 AM ET
SteelGuru has added yet another value added service for its readers to help them remain updated with various CAPEX projects in the Indian sub continent and other emerging economies. Under this service, although all the projects are covered, major focus remains on energy,... |
Facebook and the St. Petersburg Paradox - 2/3/2012 10:36:00 PM ET
Investors thinking about Facebook should consider a mathematical riddle that shows how growth stocks can get overvalued so easily. |
Despite Intervention, Brazil's Currency Gains - 2/3/2012 8:55:00 PM ET
Brazil's real climbed against the dollar after strong U.S. jobs figures outweighed the central bank's intervention in an attempt to weaken the currency. |
Gold Shines Over Platinum - 2/3/2012 8:52:00 PM ET
Platinum is usually more expensive than gold, but worries about Europe and global growth have turned the historical norm on its head. |
Europe hit by Russia gas shortage - 2/3/2012 8:28:00 PM ET
Freezing weather sweeping across Europe is causing a shortage of vital Russian gas supplies to several countries, officials say. |
McGill responds to charges it's in bed with asbestos industry - 2/3/2012 8:08:00 PM ET
A documentary on CBC Television's The National on Thursday detailed how an institute set up by the Quebec Asbestos Mining Association paid professor John Corbett McDonald and other researchers at Montreal's McGill University at least $1 million between 1966 and 1972 for... |
Nasdaq vaults to 11-year high on surge in jobs - 2/3/2012 7:15:00 PM ET
NEW YORK (Reuters) - A surge in hiring in the world's largest economy last month drove the Nasdaq to an 11-year high on Friday as optimism grew that the labor market is on a steady path to recovery. |
Rob McEwen: Mining magnate with a vision - 2/3/2012 7:00:00 PM ET
Canadian nationalist, philanthropist, libertarian minces few words about the direction this country should be heading |
If The Worst Case Scenario For The US Is Japan, Then Everything Will Be Fine - 2/3/2012 6:52:00 PM ET
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Shareholders sue Hecla Mining Co. after deaths - 2/3/2012 6:52:00 PM ET
COEUR D'ALENE, Idaho (AP) -- Some shareholders have sued Hecla Mining Co. for stock losses they endured after the federal government shut down the Lucky Friday Mine for safety violations.... |
Gold slips as investors cash in - 2/3/2012 6:42:00 PM ET
GOLD futures fell 1 per cent today as some investors moved to cash in recent gains. |
Outlook for oil strong amid rises - 2/3/2012 6:36:00 PM ET
OIL futures have risen sharply, boosting expectations that demand from the US, the world's biggest oil consumer, will improve. |
Nasdaq core profit tops expectations - 2/3/2012 6:33:00 PM ET
(Reuters) - Nasdaq OMX Group Inc's core profit topped analysts' expectations for the fourth quarter, boosted by a rise in revenue from market data and technology, which helped offset a soft trading environment. |
Goldman Cuts Blankfein's Bonus - 2/3/2012 6:28:00 PM ET
Goldman Sachs cut CEO Lloyd Blankfein's stock bonus for the first time since the financial crisis, the latest sign that Wall Street executives are paying for a year of mixed financial performance. |
Jobs report lifts Dow to highest mark since '08 - 2/3/2012 6:27:00 PM ET
A drop in the unemployment rate to its lowest level in three years propelled the Dow Jones industrial average Friday to its highest close since May 2008, before the financial meltdown later that year. The Nasdaq composite index hit an 11-year high. |
Dow Jumps To A 4-Year High, Nasdaq Surges To An 11-Year High (DIA, SPY, QQQ) - 2/3/2012 6:19:00 PM ET
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Gas blast kills 11 coal miners in southwest China - 2/3/2012 6:14:00 PM ET
BEIJING (AP) — State media say an explosion at a coal mine in southwestern China has killed 11 miners and injured six. The official Xinhua News Agency says the accident occurred Friday at the ... |
Thai Oil scouting for investment - 2/3/2012 6:00:00 PM ET
He said TOP and the PTT group had conducted a joint study on possible investment destinations in Asean, especially Burma, Indonesia, Vietnam and Cambodia. TOP will focus its investment on the refinery business in these countries. |
Indonesia's Antam to produce 9pct less ferronickel in 2012 on turnaround - 2/3/2012 6:00:00 PM ET
Indonesia's state-owned mining company Aneka Tambang, or Antam, is planning to produce 18,000 mt of ferronickel in 2012, down 8.6 percent from output of 19,690 mt in 2011, due to a planned turnaround this year, the company said Tuesday. |
PHI Group to Acquire One Hundred Million Metric Tonnes of Coal Resources in East Kalimantan, Indonesia - 2/3/2012 6:00:00 PM ET
PHI Group, Inc. (otcqb:PHIE) (pinksheets:PHIE), a company focused on energy and natural resources, announced today that it has signed a Letter of Intent to acquire approximately 100 million metric tonnes of coal resources, together with the operation and production license... |
ExxonMobil starts drilling for PNG gas project expansion - 2/3/2012 6:00:00 PM ET
ExxonMobil Corp. (XOM) and partners have started exploring for natural gas to support a possible expansion of the $15.7 billion PNG LNG gas export project in Papua New Guinea, partner Oil Search Ltd (OSH.AU) said Thursday. |
Newcrest say PNG political unrest not affecting mining - 2/3/2012 6:00:00 PM ET
Newcrest Mining, the world's No.3 gold producer, said on Thursday that political unrest in Papua New Guinea was having no impact on its mining operations in the country. |
Oil Search spuds PNG South 1 well - 2/3/2012 6:00:00 PM ET
As at 0600 hrs PNG time on 2 February, the well was at a depth of 366 metres and drilling ahead in a 17-1/2' hole. P'nyang South 1 is located four kilometres south west of the P'nyang 1x gas discovery and approx. 90 kms north west of the Juha gas field. The primary... |
China limits ship ban to Vale's mega vessels - 2/3/2012 6:00:00 PM ET
China's ban on large ships is limited to Vale's giant iron ore vessels, shipping sources said on Thursday, clearing up confusion in the maritime community as to whether new government regulations could cover other smaller ships. |
Chinalco Yunnan Copper Resources drills for copper, silver extensions at Xinzhai project in Laos - 2/3/2012 6:00:00 PM ET
Chinalco Yunnan Copper Resources (ASX: CYU) is targeting down dip extensions of copper and silver mineralisation at the Xinzhai Project, where diamond drilling has commenced. |
Nasdaq Hits 11-Year High as Stocks Jump - 2/3/2012 5:54:00 PM ET
Stocks rose after the U.S. economy added more jobs than expected last month, driving the Nasdaq Composite to an 11-year high and pushing the Dow within reach of its highest reading in almost four years. |
Brazilian Currency Strengthens Despite Intervention - 2/3/2012 5:34:00 PM ET
Brazil's real climbed against the dollar after strong U.S. jobs figures outweighed the central bank's intervention in an attempt to weaken the currency. |
Gabon and BHP Billiton have Belinga deal - govt official - 2/3/2012 5:17:00 PM ET
Gabon and mining firm BHP Billiton have reached a deal over the Belinga iron ore concession in Gabon after it was taken off China's CMEC, a government official from the Central African nation's government told Reuters on Friday. CMEC secured rights to the Belinga with a... |
Brent pulls further ahead of West Texas crude - 2/3/2012 5:16:00 PM ET
Commodities enjoy strong start with the price of Brent crude supported by geopolitical concerns and the demise of Petroplus |
Ampco-Pittsburgh Corporation Announces Results - 2/3/2012 5:12:00 PM ET
PITTSBURGH--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE:AP) announces sales for the fourth quarter of 2011 of $86,514,000 compared with sales of $82,165,000 for the same quarter of 2010. Income from operations for the three months ended December 31, 2011 equaled... |
Orezone turns asset to cash in Burkina - 2/3/2012 5:07:00 PM ET
Being in a gold rich company before the rest of the world gets turned on to it can pay some handsome dividends as Orezone Gold (ORE-T) is proving in Burkina Faso. [Full Story] |
Community Trust Bancorp, Inc. Declares Its Cash Dividend - 2/3/2012 4:46:00 PM ET
PIKEVILLE, Ky.--(EON: Enhanced Online News)--Community Trust Bancorp, Inc., (NASDAQ: CTBI) declared its cash dividend of $0.31 per share to be paid on April 1, 2012, to shareholders of record on March 15, 2012. Community Trust Bancorp, Inc., with assets of $3.6 billion, is... |
Salazar gains on Lundin's investment - 2/3/2012 4:37:00 PM ET
Salazar Resources (SRL-V) climbed 18% on news that Lundin Mining (LUN-T) acquired a 15.4% stake in the company by buying over 80% of Salazar's $3-million private placement, consisting of 6 million units priced at 50¢ apiece. [Full Story] |
Wall Street rises on jobs; Nasdaq at 11-year high - 2/3/2012 4:18:00 PM ET
NEW YORK (Reuters) - A surge in hiring in the world's largest economy last month drove the Nasdaq to an 11-year high as optimism grew that the labor market is on a steady path to recovery. |
Colombia extends ban on requests for mine permits - 2/3/2012 4:14:00 PM ET
Colombia has extended a suspension on receiving new requests for mining concessions for two months to handle a backlog of permits, the Andean nation's energy ministry said on Friday. The world's number-four coal exporter has been hit by a series of mine explosions that... |
Salazar's high-grade copper-zinc project attracts Lundin, Silvercorp - 2/3/2012 4:12:00 PM ET
Toronto-based Lundin Mining has bought a 15.4% stake in Salazar Resources, which owns copper-zinc properties in Ecuador, after taking up over 80% of the units on offer in a $3-million equity financing. Silvercorp, the Vancouver-domiciled, China-focused miner, also took up... |
STOCKS EXPLODE HIGHER ON AWESOME NEWS: Here's What You Need To Know (DIA, SPY, QQQ, MU) - 2/3/2012 4:00:00 PM ET
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Bakrie vehicle moves to oust Rothschild from Bumi - 2/3/2012 3:50:00 PM ET
Dramatic move is a setback for the UK financier, who had pledged to clean up corporate governance at the coal miner |
Bakries move to oust Rothschild - 2/3/2012 3:50:00 PM ET
Dramatic move is a setback for the UK financier, who had pledged to clean up corporate governance at the coal miner |
Stocks jump on strong jobs report for January - 2/3/2012 3:49:00 PM ET
NEW YORK (AP) -- A drop in the unemployment rate to its lowest level in three years propelled stocks higher Friday. The Dow Jones industrial average jumped more than 130 points, drawing the average to its highest mark since before the financial crisis hit in 2008.... |
Malaysia gives Lynas temporary licence - 2/3/2012 3:45:00 PM ET
Shares of Lynas Corp. (LYC-A, LYSDY-O) closed 19% higher at A$1.59 on the Australian Stock Exchange following news that, after a year of delay, Malaysia has approved a temporary operating licence for the rare earth separation plant the company... [Full Story] |
TSE glitch no payday for platforms - 2/3/2012 3:41:00 PM ET
Japan's alternative trading platforms missed out on a potential payday as regulators stopped them from fielding orders when a computer error caused the biggest trading disruption in six years Thursday at the Tokyo Stock Exchange. The glitch at the TSE disabled trading of... |
AMEBC's Mineral Exploration Roundup 2012 Boasts 8,000 Delegates and a Wealth of Opportunities - 2/3/2012 3:40:00 PM ET
 AMEBC's Mineral Exploration Roundup 2012 event was just held at the Westin Bayshore and brought in a record breaking 8,000 delegates to learn about mining exploration and opportunities. |
Bid to force Rothschild out of Bumi - 2/3/2012 3:37:00 PM ET
Dramatic move is a setback for the UK financier, who had pledged to clean up corporate governance at the coal miner |
Alberta, Ottawa beef up oil sands monitoring - 2/3/2012 3:28:00 PM ET
New system will increase number of testing stations, but will not be independently run |
Shareholders sue Hecla Mining Co. - 2/3/2012 3:25:00 PM ET
Some shareholders are suing Hecla Mining Co. for stock losses they have endured after the federal government shut down the Lucky Friday Mine for safety violations. |
Nasdaq at 11-year high after jobs report - 2/3/2012 3:18:00 PM ET
NEW YORK (Reuters) - A surge in hiring in the world's largest economy last month drove stocks higher on Friday, with the Nasdaq hitting an 11-year high as optimism grew that the labor market is on a steady path to recovery. |
FTC starts second merger screening - 2/3/2012 3:17:00 PM ET
The Fair Trade Commission said Friday it has launched a second round antimonopoly screening of the planned merger between Tokyo Stock Exchange Group Inc. and Osaka Securities Exchange Co. The first round of screening started Jan. 4 and lasted 30 days, but the antimonopoly... |
BP safety committee chief to leave board - 2/3/2012 3:13:00 PM ET
The impending departure of Sir William Castell is the latest shake-up at the top of the oil group since the Gulf of Mexico disaster |
Ferro Adds to Capabilities in Pigmented Inks for Tile Decoration, Creating Global Design, Production and Technical Support Network - 2/3/2012 2:56:00 PM ET
CLEVELAND--(BUSINESS WIRE)--Ferro Corporation (NYSE: FOE) has completed several investments to enhance its position as a leading producer of pigmented inks used in digital printing processes for ceramic tile decoration. Already a leading producer of tile decoration products... |
Iamgold publishes maiden rare earths resource at Niobec - 2/3/2012 2:32:00 PM ET
Mid-tier precious metals producer Iamgold Corporation on Thursday said had a 466.8-million ton rare earth element resource at a deposit just north of its Niobec mine in Quebec. The resource, hosted in carbonatite rock, has a grade of 1.65% total rare earth oxides, with... |
Dinner that put Glencore-Xstrata on the menu - 2/3/2012 2:29:00 PM ET
A series of issues had held up a merger, key among them the governance structure of a combined group |
VIDEO: Queen plants trees at Sandringham - 2/3/2012 2:28:00 PM ET
The Queen has planted trees at the Sandringham Estate in Norfolk to mark her Diamond Jubilee. |
THIS Is How Obama Turned His Presidency Around - 2/3/2012 2:27:00 PM ET
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Now THIS Is How Obama Got Back On Track - 2/3/2012 2:27:00 PM ET
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A mining marriage, but pregnant pause in M&A - 2/3/2012 2:15:00 PM ET
Mining executives are rarely anything other than confident but investors have reason to be more cautious about consolidation, writes Bryce Elder |
Micron's CEO Steve Appleton Has Died In A Plane Crash (MU) - 2/3/2012 2:03:00 PM ET
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BREAKING: Micron's CEO Steve Appleton Has Died In A Plane Crash (MU) - 2/3/2012 2:03:00 PM ET
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Jobs strength lifts Nasdaq to 11-year high - 2/3/2012 1:47:00 PM ET
NEW YORK (Reuters) - A surge in hiring last month lifted U.S. stocks on Friday, with the Nasdaq index hitting an 11-year high, as the data boosted hopes the world's largest economy has turned a corner. |
Brent pulls further ahead on Iran fears - 2/3/2012 1:45:00 PM ET
Commodities enjoy strong start with benchmark Brent crude benefiting from geopolitical concerns and the demise of Petroplus |
Gazprom cuts gas supplies amid cold snap - 2/3/2012 1:31:00 PM ET
Russian company in dispute with European Union as it says countries demand more than it is contractually obliged to deliver |
As Europe Flounders, Demand For African Bonds Surges - 2/3/2012 1:06:00 PM ET
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FRENZY! Facebook's Now Trading At A ~$95 Billion Valuation In The Private Markets - 2/3/2012 1:03:00 PM ET
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FRENZY! Investors Think The Proposed Facebook Valuation Is $19 Billion Too Low - 2/3/2012 1:03:00 PM ET
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Facebook Valuation Reaches $94 Billion In Secondary Market Auction - 2/3/2012 12:50:00 PM ET
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The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Securities Laws Violations by JDA Software Group, Inc. - 2/3/2012 12:40:00 PM ET
NEW YORK--(EON: Enhanced Online News)--Levi & Korsinsky is investigating potential claims on behalf of purchasers of JDA Software Group, Inc. (Nasdaq: JDAS) securities concerning possible violations of federal securities laws |
Goldman to face mortgage debt class-action lawsuit - 2/3/2012 12:38:00 PM ET
(Reuters) - Goldman Sachs Group Inc was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct lender. |
Here's The TRUTH About The Massive, Million Plus Spike In People Not In The Labor Force - 2/3/2012 12:25:00 PM ET
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Strong jobs report pushes Nasdaq to 11-year high - 2/3/2012 11:47:00 AM ET
NEW YORK (Reuters) - Stocks rose on Friday, propelling the Nasdaq index to an 11-year high, after January's U.S. employment report sailed past expectations, boosting hopes the world's largest economy has turned a corner. |
Optimism pervades markets ahead of US employment data - 2/3/2012 11:43:00 AM ET
(ChinaPost.com.tw) - Optimism over upcoming U.S. jobs figures helped stocks and the euro to rally on Friday despite further evidence that the 17-nation eurozone is heading for recession. |
Cluff Gold lifted by Burkina Faso expansion - 2/3/2012 11:36:00 AM ET
The miner will buy a second site and exploration permits from Canadian developer Orezone Gold Corporation for $15m and 11m shares |
Positive Syrian drill fails to benefit Gulfsands - 2/3/2012 11:29:00 AM ET
Gulfsands Petroleum, the Aim-quoted oil explorer with operations in Syria, this week failed to benefit from positive drilling results in the troubled country |
Merged Glencore, Xstrata would take aim at iron ore - 2/3/2012 11:22:00 AM ET
SYDNEY (Reuters) - An $80 billion marriage of commodities trader Glencore and miner Xstrata could lead to a new round of takeovers in iron ore, creating a goliath eager to muscle its way onto one of mining's richest and most closely guarded sectors. |
A Few Areas Of The Economy Where Jobs Are Growing Like Wildfire - 2/3/2012 11:16:00 AM ET
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In The Middle Of Europe's Deadly Cold Snap, Russia Is Cutting Gas Supplies - 2/3/2012 11:16:00 AM ET
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First Point shares up 105% so far in 2012 - 2/3/2012 11:12:00 AM ET
The junior mining sector is off to a fantastic start in 2012 and few companies have seen their share price rise as much as First Point Minerals (FPX-V). The company's shares are up 105% since Dec. 30, climbing from a near-52-week low of... [Full Story] |
Rinehart mining rich vein of skill and luck - 2/3/2012 11:00:00 AM ET
Rinehart has taken an inheritance of $75 million and become Australia's richest citizen. |
ANC after bigger slice of mining - 2/3/2012 11:00:00 AM ET
The trend dubbed 'resources nationalism' by miners, rears its head in South Africa. |
U.S. Stocks Jump - 2/3/2012 10:57:00 AM ET
Stocks moved higher on encouraging data on jobs and service-sector business activity, with the Nasdaq at an 11-year high and the Dow approaching its highest level in nearly four years. |
Glencore and Xstrata turn to City dealmaker - 2/3/2012 10:54:00 AM ET
An all-share merger would turn the natural resources sector on its head by combining the largest trading house with one of the biggest mining groups |
Glencore and Xstrata turn to Citi dealmaker - 2/3/2012 10:54:00 AM ET
One of the best known dealmakers in the City helped broker a deal between Ivan Glasenberg and Mick Davis |
Gas up on Russia shortage reports - 2/3/2012 10:51:00 AM ET
The price of gas around Europe has risen sharply due to increased demand as a result of the cold weather and reports of reduced supply from Russia. |
MIKE MAYO: Banks Are 'Masking Horrible Operating Performance' - 2/3/2012 10:42:00 AM ET
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Stocks jump after strong jobs report - 2/3/2012 10:33:00 AM ET
NEW YORK (AP) -- U.S. stocks jumped sharply in morning trading on news that the unemployment rate dropped to the lowest level in 2 years. The Dow Jones industrial average gained more than 150 points.... |
Forget Oil, Forget Gas, COAL Is Absolutely Blowing Up In America - 2/3/2012 10:32:00 AM ET
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Wall Street gains 1 percent on jobs jump - 2/3/2012 10:32:00 AM ET
NEW YORK (Reuters) - Stocks rallied more than 1 percent on Friday, extending a rally in equities, after a report showed U.S. job growth surged in January. |
CHART: See How Much Coal, Oil And Gas Americans Use - 2/3/2012 10:32:00 AM ET
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Dollar Rebounds After Jobs Report - 2/3/2012 10:31:00 AM ET
The dollar turned up against the euro and gained versus other major currencies after the U.S. government said the economy added far more jobs last month than economists anticipated. |
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