Coal – Bloomberg reported that Australia's 30-percent tax on coal and iron profits will bring in only AU$800 million in revenue by June 30, down from an earlier estimate of $2 billion.
Nickel – Belvedere Resources Ltd. (TSXV:BEL) released its financial and operating results for 2012, commenting that it produced 2,282 tonnes of nickel and saw $28.9 million euros in revenue. That's up from 2011's 2,157 tonnes and $24.7 million euros in revenue.
Diamond – Zimbabwe police have been called upon to investigate claims that officials solicited funds from mining companies under false pretenses.
Oil – Bloomberg reported that Goodluck Jonathan, the president of Nigeria, received a report that indicates that over the last ten years the country may have lost $37 billion or more in revenue due to underpayments for oil. Jonathan plans to launch an investigation to get to the bottom of the matter.
Diamond Investing News reports diamond has its sparkle back. With the discovery of a 507.55 carat white diamond at the Cullinan Diamond Mine, South Africa, the chicken egg-sized stone has opened up new vistas for the diamond sector. For complete story, click this link. Follow developments in resource mining and exploration for free. Sign on [...]
Silver Investing News reports profit for Silver Wheaton profit falls in the first quarter. The company earned $15.1 million, or 6 cents a share, compared with $27.9 million, or 11 cents a share, a year ago. Revenue from silver sales was $37.6 million, down from $49.9 million in the year-ago quarter. For complete story, click [...]
Crude Investing News reports crude oil did well for about 4 days and fell on Tuesday. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year. After nose-diving from [...]
Nickel Investing News reports nickel prices have been hit pretty hard trading at $10,000 per tonne as compared to $33,000 in February on the London Metal Exchange. When it comes to mining, Australia is taking the brunt of the hit. The large amounts of miners in the area are struggling to cope with the metal’s [...]
Gold Investing News reports gold price have dipped to its lowest since September 2007. An adviser to President Mahmoud Ahmadinejad was quoted by Reuters as saying, “With the plans of the presidency…the country’s money reserves were changed into gold, so that we wouldn’t be faced with many problems in the future.” Before oil prices plunged [...]
Crude Investing News reports oil prices falling due to the strengthening of the US dollar though the global outlook is grim. Governments, companies and investors think a prolonged recession or period of low growth is in the offing, and everyone should take note. Keep in mind though that canned food and guns are among the few investments [...]
Get our independent commentary on resource trends and companies delivered to your inbox.
