Uranium Prices Slip, Market Optimism Holds Steady
Uranium – Uranium prices have fallen slightly, but the outlook remains bright.
Uranium – Uranium prices have fallen slightly, but the outlook remains bright.
Diamond – The Telegraph reported that at its annual Argyle Pink Diamonds Tender, Rio Tinto plc (ASX:RIO,LSE:RIO,NYSE:RIO) will put the 1.56-carat Argyle Phoenix, the largest red diamond ever produced by its Australia-based Argyle mine, up for sale.
Copper – Rio Tinto could be a few short weeks away from exporting metal from the Oyu Tolgoi mine in Mongolia.
Uranium – In a recent research note, Raymond James revised its uranium prices and shared its 3 top picks in the uranium space.
Potash – Brazilian mining heavyweight Vale has come to an agreement with the Argentine government to drop its Rio Colorado potash project.
Iron – EPC Engineer reported that Rio Tinto has installed a new shiploader at the new wharf at Cape Lambert. The shiploader is a major part of the company's Pilbara expansion, which is progressing on schedule, and has a nominal annual capacity of 55 million tonnes.
Diamond – Colin Ferguson of Rare Investment believes that prices for brown diamonds will rise dramatically in the next five years.
Copper – MINING.com reported that the United States' refusal to vote on World Bank funding aimed at expanding Rio Tinto's (ASX:RIO,LSE:RIO,NYSE:RIO) Oyu Tolgoi copper-gold mine has thrown a wrench in the company's plans as it has created pressure for the company to substantially change the project. Among other things, the US is reportedly concerned that the project's Environmental and Social Assessment "has gaps in critically important information."
Iron – Reuters reported that BHP Billiton Ltd. (ASX:BHP,NYSE:BHP,LSE:BLT) has responded to allegations from China's National Development and Reform Commission that the top three iron ore miners — BHP, along with Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) and Vale (NYSE:VALE) — and some traders manipulated the markets to show a shortage of iron.
Coal – Can import-hungry India pass China as the world's largest coal consumer?
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