Gold Majors Struggle to Reign in Costs
Gold – Cost inflation, combined with a lower gold price, is forcing major producers to make some hard decisions.
Articles Tagged "costs"
First Quantum’s Inmet Win May Signal More Deals
Copper – First Quantum’s successful campaign to win over Inmet’s shareholders could be a sign that smaller mining companies may be starting to recognize the benefits of being part of a bigger group.
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 [...]
Did Beijing foil the BHP Rio takeover?
Aluminum Investing News reports the failed BHP Rio takeover bid. Last February, Aluminum Corp. of China together with Alcoa, paid $14.1billion for a 12 per cent stake in Rio-Tinto’s London listed shares, giving it a 9 per cent share of the Rio Tinto Group. Aluminum Corp put up most of the money, and many saw the move a [...]
Olympic preparations in China cause aluminum demand to rise
Aluminum Investing News reports aluminum demand rised as China prepared for its Olympics. The construction boom in China, which escalated prior to the opening ceremonies in Beijing, has caused a ripple effect that has raised the demand, and prices, of many commodities. Percentage-wise, aluminum spot price increases are on a par with oil price increases: [...]
Aluminum’s path to the bottom, are we there yet?
Aluminum Investing News reports aluminum prices have fallen with the commodity prices falling due to the global economic crisis. Aluminum companies are taking the brunt of the hit with the metal at a three-year low at around 87 cents per pound. Even gold, traditionally a safe haven in times of economic uncertainty, fell below US$700 per ounce last [...]
WEEKEND WRAPUP
By Dave Brown – Exclusive to ResourceInvestingNews.com In what seems to be a regularly scheduled weekend meeting for European leaders, the most recent summit has resulted in agreements to guarantee bank borrowing and use government money to prevent big lenders from filing for bankruptcy, in order to further impede the economic hemorrhaging and battle a [...]
Market surplus continues to affect lead
Lead Investing News reports lead spot prices have declined 26 per cent as a result of a long-term market surplus. The impact of this surplus is manifesting itself in myriad forms – mine closures, decreased production, and faltering stock prices. This week, Australian mining company Intec decided to convert its Tasmanian Hellyer Zinc Mine to maintenance [...]
Strengthening greenback puts downward pressure on Nickel
Nickel Investing News reports nickel futures in London traded 5% lower making it more expensive for holders of other cuurencies. Nickel dropped by 4.7 per cent to US$19,300 a tonne, it’s lowest since August 20, 2008. LME inventories rose 1,206 tonnes to a four-month high of 48,228 tonnes and the metal is down by 24 [...]
