Articles Tagged "canadian"

Resource Market Weekly Recap

By Melissa Pistilli-Exclusive to Resource Investing News Coal Investing News Coal prices have been comatose for the last six months, but institutional money poured back in this week. Deutsche Bank AG also raised its 2010 forecast by 36 per cent to $175 a tonne. Recovering coking coal prices are expected to fuel an investment boom [...]

China In Race To Corner Canada’s Potash?

China is desperate to feed its growing population and is keenly exploring potash in Canada, as also developing potash rosources. But is its growing interest in Canada only a flash in the pan? The world’s largest mining company, BHP Billiton Ltd (BHP:AX), which has been a rumoured suitor for months and has been toying with [...]

Rio Tinto’s Debt Gamble, BHP Builds

Coal Investing News reports Rio Tinto has more asset sales since February 2008. Arch Coal has completed the acquisition of Rio Tinto’s Jacobs Ranch coal mine for a purchase price of approximately $764 million, which includes an estimate for working capital adjustments. In 2008, Jacobs Ranch produced 42.1 million tons of sub-bituminous coal for sale [...]

Canadian merger as crude breaches $51 per barrel

Crude Investing News reports crude markets improves with merger of SunCorp and Petro-Canada announcement. The merger comes at a time when oil prices are coming off recent lows and Petro-Canada was trading around the $30 mark, or half the 52 week high of $61.85.  The combined company will have daily production of approximately 680,000 barrels [...]

Gold the only credible currency

Gold Investing News reports gold seen as a safe haven commodity and currency. The writing is clear on the wall, according to some experts. Author of Gloom, Boom & Doom report Marc Faber has said the rally in the US markets is likely to continue till April-end, but was quick to add that a total [...]

Gold price rebounds

Gold Investing News reports gold price recovers as the dollar rose. Spot gold rose to $913.15/$914.15 an ounce from $906.65 late in New York on Wednesday. Canadian stocks gained too, building on their biggest rally since November, as mining companies rose with gold prices and financial stocks rallied for a second day on speculation that [...]

Around the globe, diamond exports drop

Diamond Investing News reports diamond markets did well up to September last year and then went into a drop. The diamond industry has been swift to announce production cutbacks, in an effort to stabilize prices.  Even two of the world’s most profitable mines are onboard. Canadian based Ekati and Diavik mines are among the most [...]

Growing inventories weigh on nickel

Nickel Investing News reports nickel having the slowest price to rebound. Output reduction in Japan and China decreased production by 6.1 per cent. World demand was down 1.9 per cent from the same period of the previous year. Nickel supply has outpaced demand every month since February 2007, when the market had a deficit of 4,600 [...]