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 [...]
Gold Investing News reports Mindoro, focused on gold, copper-gold and nickel exploration in the Philippines with a strategy of advancing early stage opportunities to production or joint venture. Mindoro has NI 43-101 resource estimates on its Agata North nickel-cobalt project and on both its Lobo (SWB) and Archangel (Kay Tanda) gold-silver projects. Mindoro has identified 22 [...]
Gold Investing News reports gold lost about 4% after G20 meet. “High gold prices and extreme volatility in prices are affecting us,” said Joy Alukkas, chairman of Joyalukkas Group, a leading India-based gold and diamond retail chain with 40 major outlets across the world. He said the March 2009 earnings of Joyalukkas Group had fallen [...]
Crude Investing News reports oil prices sliding and peaking at various periods. Oil prices soared higher on the prospects of a rebound in energy demand. “The market thinks the worse is behind us and that we’re heading toward recovery at the end of the year, early next year,” Fitzpatrick said. Spreading worldwide recession has ravaged [...]
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 [...]
By Dave Brown – Exclusive to ResourceInvestingNews.com As the doors closed at the Metro Toronto Convention Center for the last time on the PDAC 2009 International Convention, Trade Show and Investors Exchange, the satisfied sense of completion was apparent in the emptied halls. It was almost as if another year’s worth of accomplishments and hard [...]
Coal Investing News reports coal stocks have been hit pretty hard with this global recession. Coal stocks at Qinhuangdao, China’s top coal shipping port, however, climbed 13 per cent on the week, to 5.5 million tonnes, as more coal arrived than was shipped out. According to Reuters calculation based on the data a total of 265 [...]
Gold Investing News reports Colossus Minerals, an exploration and development company focused on gold and platinum group metals projects in Brazil. Led by a skilled management team, the company is managing and developing the well sought after Serra Pelada project, a Colossus-COOMIGASP joint venture. Since their IPO in February 2008, Colossus has continuously announced spectacular [...]
Gold Investing News reports gold has been looking very promising since last October 2008. Some analysts predict it could be a standout investment this year because of major concerns about the stability of the US dollar and the rebound in oil prices, which could be enough to lure investors back into the resource-heavy index. Shortness of [...]
Sprott Moly fund is being “unwound”. They are distributing the assets to shareholders. ELN - high grade copper on Democratic Republic of Congo including 7m of 7% copper and 21m of 2.4% copper. $2.7m cash. LAT – 7g/t gold in Paraguay. $5.2m in cash GEM – lots of uranium drill results in Ontario. All low [...]
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