The Israel Diamond Institute Group of Companies (IDI) has signed a Memorandum of Understanding (MOU) with the All India Gems & Jewellery Trade Federation (GJF), the IDI announced Monday. The MOU signifies the establishment of cooperation between both parties and a strengthening of their joint interests.
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by Boris Sobolev Five weeks have passed since the recent correction in the gold market commenced. Gold lost ١٠% in this time period, while the precious metals stock indices fell by ١٦%. Over the past two weeks, precious metals stocks stabilized
Mainstream Minerals announced it has entered into an option agreement to acquire a 100% interest in 11 claims totaling 134 mineral claim units, covering approximately 2,144 hectares and located in the Price and Adams Townships of the Porcupine Mining
San Gold announced that SGX Resources Inc., a partially held subsidiary of San Gold, has completed the third and final closing of its previously announced private placement offering of up to 2,400,000 units at a price of CAD$2.75 per unit for gross
NEW YORK (Dow Jones)–Copper futures gained markedly Monday as investors sought riskier assets, with the metal in particular getting a boost from positive manufacturing data from around the globe and a supply disruption in Chile. Benchmark March copper
KNOXVILLE — Alcoa Inc. announced today it plans to eliminate 90 jobs in Blount County and 145 jobs at a sister operation in Indiana as it seeks to trim its work force to fit anticipated weak aluminum demand in 2010. The reductions would take place at
TORONTO (miningweekly.com) – The announcement by Canada’s Iamgold that CEO Joseph Conway will leave the company on January 15 has caught some pundits off guard, but market watchers agree that Conway will finish his time at the company on an upbeat
By Lu Wang BLOOMBERG NEWS Shares of the following companies are having unusual moves in U.S. trading this morning. Coal and metal producers advanced after reports showed manufacturing in the U.S. and China is improving. Consol Energy Inc. (CNX US)
Posted: Discuss & Share Sound Off WATE Blogs Photos and Video ALCOA (WATE) — Ninety jobs are being eliminated in the Rigid Packaging Division at Alcoa, officials said Monday. The workforce reduction at the Tennessee Operations is expected to happen in
By: Ian Ross Venshore Mechanical and other Thunder Bay shops teamed up to make fuel modules for a Western Canadian client.
REDWOOD SHORES, CA — (Marketwire) — 01/04/10 — Oracle (NASDAQ: ORCL) News Facts Oracle has acquired Silver Creek Systems, Inc. (‘Silver Creek’), a leading provider of product data quality solutions. Silver Creek’s industry-leading DataLens
by P. Radomski This essay is based on the Premium Update posted December ٣٠th, ٢٠٠٩. The end of the year is usually calm on the capital markets. The volatility is low, as the money managers from all over the world take some time off and spend the
on whether gold will outperform the S&P for 2009, I had stated that based on past history gold would outperform. However, now that the year has come to an end the final numbers are in and the S&P 500 finished the year up 26.5% vs. 25% for gold. Both had
New loads in storm-struck Christmas week hit lowest level of 2009 Buffeted by a major winter storm that socked much of the Appalachian coal mining region in the week of Christmas, major U.S. railroads loaded fewer railcars with the fuel than any time in
Companies: AK Steel Holding Corp. (AKS), Alcoa, Inc. (AA), United States Steel Corp. (X) Rising commodities prices and a strong U.S. stock market has companies in the steel sector trading higher today. Gold, palladium, platinum, and silver are all
Business Reporter/New Ziana. The 30 percent growth which the Government has projected for the mining sector in 2010 is attainable as most mines that had closed due to viability challenges are reopening, a senior Government official has said. Secretary
(MARKETWIRE via COMTEX) —-Walter Energy (NYSE: WLT), a leading U.S. producer and exporter of premium coking coal for the global steel industry, announced today that it has settled a dispute with Turkish steelmaker Erdemir over 280,000 metric tons of
PR wire S ST. LOUIS, Jan. 4 ST. LOUIS, Jan. 4 /PRwire-FirstCall/ — Peabody Energy (NYSE: BTU) today announced the company has earned dual honors from the Indiana Society of Mining and Reclamation.
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European shares rose to a 15-month high in a broad rally on Monday, the first trading day of 2010, helped by upbeat economic data and with banks among the major gainers. The FTSEurofirst 300 index of top European shares rose 1.4 percent to end at
DENVER — Shares of metals producers rose Monday amid reports of stronger manufacturing activity while the commodities sector saw gains on raw materials’ price increases. The weakening dollar also benefited the sector because commodities, which are