20 thoughts on “Petra Posts Rise in Profit, Revenue for 1H”

1. Precious metals have been showing signs of an impending breakout to the upside. I’m not one for technical analysis or price action in equities or anything else for that matter, but the current rebound in the precious metals, notably gold, has caught my eye. While gold held its own around $1,100/oz, reaching a low around $1,080, it is currently trading above $1,125/oz. »

2. Glenn Rogers submits:I like two gold ETFs: Market Vector Gold Miners (NYSE: GDX) and the new Market Vector Junior Gold Miners (NYSE: GDXJ), both of which give you broad exposure to the gold sector. GDX is made up of the larger companies while GDXJ is a more speculative play on smaller exploration firms. I’ve never been a gold bug but it’s likely that even if bullion corrects in the short term, the longer term direction should be up. We could start to see evidence of that as soon as the U.S. dollar stops strengthening against the euro. Right now, the greenback is benefiting from the weak economic picture in Europe but over time Washington’s ballooning deficits will begin to catch up with up with us, the U.S. dollar will resume its slide, and bullion will rise. »

3. JOHANNESBURG (miningweekly.com) – Aim-listed gemstone-miner Gemfields has discovered a 6 225 ct rough emerald at its Kagem mine, in Zambia.The emerald, which has been named ‘Insofu’, meaning elephant, was being examined to establish an

4. PERTH (miningweekly.com) – Pilbara iron-ore juniors Atlas Iron and Aurox Resources have entered into a port cooperation deal to use their allocation at Utah Point to their maximum and optimise efficiency. The (PHPA) is currently constructing the Utah

5. Meanwhile, Malaysian Cocoa Board director-general Datuk Dr Azhar Ismail asked state agriculture departments to simplify quarantine procedures at state entry points to facilitate smooth movement of high quality cocoa clones in the country. “Before cocoa

6. TAWAU, Feb 22 (Bernama) — Farmers have been asked to revert to cocoa farming as an alternative commercial crop as the cocoa industry promises a bright future locally and globally with lucrative returns. In making the call, Malaysian Cocoa Board chairman

7. There have been times in recent months when another fat speculative bubble seemed to be inflating around certain commodities, thanks to the flood of easy money, supposedly insatiable demand in China, worries about currencies and a renewed desire among

8. A decade after the WA Gold Industry Forum disbanded, after failing to stop the Court government’s imposition of a royalty on the industry, a new lobby group has formed to oppose a possible tax grab by the State Government.The Gold Royalties Response

9. Story Quotes Comments Screener AlertEmail Print LONDON (MarketWatch) — European shares edged higher on Monday, extending a recent run of gains, buoyed by hope of a solution to Greece’s debt woes and earnings news. The pan-European Dow Jones Stoxx 600

10. THE Australian share market closed firmly higher, led by financial and resources stocks following better than expected corporate earnings results and a rise in base metal prices. The benchmark S&P/ASX200 index was up 82.4 points, or 1.78 per cent, at

11. As Mongolia cowers under the brutal thrall of its worst winter in decades, questions are being asked as to whether the country should end its reliance on nomadic herders and dig deeper into its mineral reserves instead. Some 800 years ago, Mongolia’s

12. Buy/Sell Your Commodities Enter your commodity buy/sell offers to reach global buyers, importers, exporters. Related Stories NEW DELHI (Commodity Online) : India planned to introduce a legislation to ensure food security for all in the country.

13. MUMBAI: Power producers expect the budget to reduce duties on coal imports to top up scarce domestic coal supply in a country where more than half the power plants are coal-fired, industry players and analysts said. “Power project owners expect a cut in

14. The Australian share market closed firmly higher, led by stronger financial and resources stocks following better than expected corporate earnings results and a rise in base metal prices. The benchmark S&P/ASX200 index was up 82.4 points, or 1.78 per

15. Civil and mining contractor NRW Holdings has won a $120 million contract from Gindalbie Metals for staged earthworks and concrete construction at the Karara iron ore project in the Mid West. Gindalbie said in a statement today that the 14-month contract

16. The Australian share market remained firmly in positive territory mid-morning with strong gains in the financial and resources sectors. At 1200 AEDT, the benchmark S&P/ASX200 index was up 75.7 points, or 1.63 per cent, at 4,710.8, while the broader All

17. Rio Tinto has started production at its $US901 million ($A999.3 million) Mesa A/Warramboo iron ore mine in the Pilbara, three years after a rare microscopic spider threatened to halt the development. Rio said in a statement today that the first train

18. Dian L. Chu submits:
    The U.S. dollar rose, commodity prices dropped and stocks fell last Friday after the Federal Reserve unexpectedly lifted an emergency lending rate for the first time since the financial crisis. The dollar hit an eight-month high against a currency basket, while gold prices rose as investors bought the metal to hedge against paper currencies and debt default risks in Europe. Gold futures ended on Friday with a weekly gain of 3.1% at $1,122.10 an ounce. »

19. LONDON (Reuters) – European shares were flat on Monday, as commodity stocks tracking crude and metal prices higher offset weaker drugmakers. By 8:20 a.m., the pan-European FTSEurofirst 300 .FTEU3 index of top shares was flat at 1,026.28 points. Commodity

20. A decade after the WA Gold Industry Forum disbanded, after failing to stop the Court government’s imposition of a royalty on the industry, a new lobby group has formed to oppose a possible tax grab by the State Government. The Gold Royalties Response