Mining Exploration Company News

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Oil prices fall on worries about global economy

Crude Oil prices retreated today as concerns grew about economic stability in Europe after Ireland sought billions of dollars in financial assistance from its neighbors. Benchmark crude for January delivery fell 24 cents to settle at $81.74 a barrel on the New York Mercantile Exchange. The price has dropped about 5 percent from a week [...]

Tags: Brent crude prices, crude oil price, global economy, oil price fall, oil price information Filed Under Market, News November 22 2010

Steelmakers Worried Iron Ore Prices and Coal Prices Fluctuations

Steelmakers under pressure from the iron ore prices and coal prices increased sharply in the year 2010. The new system a lot of iron ore contract prices affect the stability of prices of iron ore and coking coal price, as raw material in steelmaking. Last year, the average cost of steel makers? making of steel, [...]

Tags: ArcelorMittal, Coal, coal prices, coking coal, coking coal prices, global steel price, iron ore, Iron Ore Contract Prices, iron ore prices, Mine Trade & Market, Mining Production, steel industry, Steel Prices, steel producers, steel production, steelmaking, steelmaking cost Filed Under Mining November 22 2010

China State Oil Companies Formed Consortium to Tender for Overseas Oil and Gas

China?s energy authority has ordered the state oil company to form a consortium to tender for overseas oil and gas to avoid direct competition, which usually backfired by pushing the price. China has urged state companies to improve the acquisition of energy resources from abroad, because the state view of the increasing dependence on external [...]

Tags: China National Offshore Oil, china state oil company, Chinese National Petroleum Corp, Citic Group, energy resources, international oil majors, liquefied natural gas, Sinochem, state energy company, Zhenhua Oil Filed Under Mining November 19 2010

Precious Gold Metals An investment for the future

The USAA Precious Metals & Minerals Fund (USAGX), for example, the average return of 29.32%, 32.64% and 15.19% for the past 5, 10 and 15 years, respectively, according to Morningstar. U.S. Global Investors Gold and precious metals (USERX) gives for the same periods were 23.65%, 27.56% and 2.13%. CMIG ?mission is to guide and direct [...]

Tags: futures gold investment, gold investment, gold market investment, gold mining, previous metal Filed Under News November 19 2010

Crude oil News Rebounds, Gasoline Gains in Ireland

Crude oil gained for the first time in five days, as central bank governor Ireland said he expected the country to seek help from the European Union, the strengthening of the euro and pushing up commodity prices. Fuel oil, gasoline and ethanol all rose. ?The situation in Europe looks like it goes in the direction [...]

Tags: Crude oil, crude oil prices, oil commodity, oil mining, oil prices, oil stocks Filed Under News November 19 2010

South American Ferro Metals Started Production Iron Ore at Ponto Verde Iron Ore Mine

Emerging iron ore producer in South American Ferro Metals (SAFM) said it has started production at Ponto Verde Iron Ore project in Brazil under an agreement with local mining services companies. Under the agreement, which expires on December 31, LGA Mineracao e Siderurgia at Ponto Verde mine ore for processing at its own factory and [...]

Tags: iron ore companies, iron ore mines, Iron Ore Production, iron ore project, SAFM, steel production, steelmakers Filed Under Mining November 17 2010

Coal Mining Developer Bathurst Resources Galilee Energy Agree to Buy A $ 35 million

Bathurst Resources coal mining developer has agreed to buy Energy East subsidiaries Galilee Resources for A $ 35-million. Galilee had previously announced its intention to float the New Zealand coal assets through an initial public offering (IPO). However, the company said on Monday that its board had decided that the offer Bathurst represents “a far [...]