Alrosa’s 2009 sales dropped 13.7 percent to 63.85 billion rubles ($2.19 billion), however, the Russian diamond giant succeeded to increase annual profit by 49.2 percent to 2.35 billion rubles ($80.5 million) in 2009, from 1.574 billion rubles in 2008, according to an Interfax report.
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GOLD rose to a five-week high in Europe yesterday and held near-record levels in euros due to physical demand and as investors sought hard assets. The metal shrugged off hefty gains in the dollar against the euro. Other precious metals also rose, with
A remote Western Australian vanadium project that has gone through a series of corporate ownership changes is now back on the rails for a proposed second life.
Drills carried hope for a ‘miracle’ rescue of four miners missing after a blast killed 25 people in the worst U.S. mine disaster in a quarter century. Drills boring into a West Virginia coal mine on Wednesday carried hope for a ‘miracle’ rescue of four
Drills carried hope for a ‘miracle’ rescue of four miners missing after a blast killed 25 people in the worst U.S. mine disaster in a quarter century. Drills boring into a West Virginia coal mine on Wednesday carried hope for a ‘miracle’ rescue of four
MONTCOAL, West Virginia – Drills boring into a West Virginia coal mine Wednesday carried hope for a miracle rescue of four miners missing after a blast killed 25 people in the worst U.S. mine disaster in a quarter century. The explosion happened Monday
Source: New York Times Deal Blog. Macarthur Coal discouraged its shareholders on Wednesday from taking action on Peabody Energy’s increased takeover bid, worth $3.3 billion, and instead wait for a board vote on an acquisition attempt by Macarthur…. 1 2
MONTCOAL, W.Va. — As rescue workers waited Wednesday to re-enter the Upper Big Branch mine where at least 25 people were killed in an explosion, federal officials said two safety citations were made against the mine’s operator on the day of the blast.
FORT LEE, N.J., April 8 /PRNewswire/ — The National Inflation Association today issued a gold and silver update to its http://inflation.us members: In our last article we detailed how a silver short squeeze could be imminent, due to Andrew Maguire
FORT LEE, N.J., April 8 /PRNewswire/ — The National Inflation Association today issued a gold and silver update to its http://inflation.us members: In our last article we detailed how a silver short squeeze could be imminent, due to Andrew Maguire
As Kyrgyzstan erupted into violence and the administration of Kyrgyz President Bakiyev was replaced with an opposition government, Toronto’s Centerra Gold does not yet see cause for alarm at its Kumtor gold mine.
Trade Radar Operator submits: Equity markets have felt the impact of the quants and their algorithms for some years now. Commodity markets, on the other hand, have been a bit more old fashioned. Investors should be aware, however, that situation is changing. Automated trading strategies are expanding into commodities as firms look to apply these techniques to other asset classes. And it’s happening at a rapid pace. It is thought that as much as 35 to 50% of volume in the most active front-end oil contracts is generated by algorithmic trading. »
THE Australian stock market remained in the red this afternoon after a weak US lead and profit-taking activity. At 1200 AEST, the benchmark S&P/ASX200 index was down 23.5 points, or 0.47 per cent, at 4,937.4 points, while the broader All Ordinaries had
Climate & Energy, coal, coal mining, Energy and Natural Resources Committee, Politics So I’m reading a story about what effect the recent West Virginia coal mine disaster will have on national energy policy, and I run across this jaw-dropping quote:
TOP MARKET NEWS (RTTNews) – Wednesday, U.S.-based coal company Peabody Energy Corp. (BTU: News ) in its application to Australia’s Takeovers Panel said Macarthur Coal Ltd. (MACDF.PK: News ,MCC.AX: News ) failed to provide shareholders with information
Hickey and Walters (Bespoke) submit:
With a $17 rally today, the price of gold broke above short term resistance at 1,147 and closed the day at 1,152. With today’s move, the gold bugs are looking for a run to last year’s highs. However, before we get too bullish, we’d like to see a break above the January high of 1,163.58. »
LOS ANGELES — Mining coal is much like working in a natural-gas well. The same things that produce coal and oil — dead organic material, heat and pressure — also produce natural gas, whose primary constituent is methane. The gas is trapped in a
LONDON (Agencies): Gold steadied in Europe on Wednesday, retreating after hitting a record high in euro terms, as the rising dollar offset buying linked to fear-driven diversification into hard assets like bullion. Dealers reported good physical gold
(Xinhua via COMTEX) — The Shanghai Stock Exchange (SSE) and the China Securities Index Co., Ltd (CSI), a Chinese index developer, said Thursday they would release indexes for bulk commodities and emerging industries on April 30. According to
SYDNEY -(Dow Jones)- Macarthur Coal Ltd. (MCC.AU) said Thursday it believes that there is no basis on which to delay Monday’s shareholder meeting to vote on its proposed takeover of Gloucester Coal Ltd. (GCL.AU), despite Peabody Energy Corp. (BTU) asking
Western Australian Premier Colin Barnett has stood firm on threats to raise mining royalties after meeting with BHP Billiton and Rio Tinto executives. Barnett met with BHP chief executive of ferrous and coal, Marcus Randolph and Rio Iron Ore chief