Copper – Reuters reported that the labor contract at Chile-based Codelco's Chuquicamata mine will expire at the end of February 2013, but CEO Thomas Keller is hopeful that a new deal will be reached by the end of this year.
Coal – 13 coal producers, including BHP Billiton and Rio Tinto made a fully funded offer of A$4.85-billion to buy the Queensland Rail (QR) coal track network. Nick Greiner, the chairperson of the Queensland Coal Industry Rail Group (QCIRG) is quoted saying: “Our offer is able to be settled with the government prior to the IPO, and will not [...]
Coal – Eastern Star Gas Limited (ESG), an Australian gas and coal seam gas (CSG)(1) development company has announced their agreement with Hitachi, Ltd. (NYSE:HIT/TSE:6501, “Hitachi”) and Toyo Engineering Corporation (TOYO) to do a feasibility study for an electric-motor-driven Mid-Scale LNG plant in Newcastle in the state of New South Wales, Australia. Click here to access the entire [...]
North American potash producers believe the potash market is due for a rebound after a dismal 2009, but analysts claim that potash prices will be sluggish to rebound in 2010. Potash prices spiked at around US$1,000 per tonne in 2008, and producers struggled to keep up with demand. Over in North America, Canpotex, [...]
Potash Investing News reports production cutbacks for potash due to slow demand and high inventories. Despite low demand, potash prices are anticipated to slowly increase over the coming months as energy markets rebound. ”The ag sector as a whole does seem to be a bit in recovery mode…I would expect fertilizer usage to rise a [...]
Copper Investing News reports copper fell today on a stronger dollar. Copper for three-month delivery fell 3.4 per cent, to $5,055 a tonne on the London Metal Exchange. Copper futures for July delivery fell 7.4 cents, or 3.1 per cent, to $2.2995 a pound on the New York Mercantile Exchange’s Comex division. In Shanghai, copper [...]
Coal Investing News reports Obama’s adminstration will reverse rule on coal mining companies dumping mountaintop debris into valley streams. It may be recalled that the Bush-era rule allowed coal mine operators to use “the cheapest and most convenient disposal option” for mountaintop fill. “We must responsibly develop our coal supplies to help us achieve energy [...]
Nickel Investing News reports demand for nickel is at a 4 year low. Nickel prices have rallied as much as 14 per cent since the start of the month, but are likely to remain volatile. Analysts predict gloomy prospects for nickel, given the enduring downturn in the stainless steel market, the main consumer of nickel. [...]
Gold Investing News reports gold prices fell slightly while the dollar strengthened. According to analysts, optimistic investors read many recent commodity price gains and positive economic readings as an end to the downturn and are starting to unload safe-haven gold. What added to the melee was a firmer dollar, that also weighed on gold prices. [...]
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 [...]
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