Canpotex, the marketing conglomerate for North American Potash Producers signed a deal earlier this month to sell 600,000 tonnes of potash to India for $370 per tonne. That potash will last roughly through June, and for future contracts India will seek to lower prices due to a growing national deficit.
That potash will last roughly through [...]
There is a `little storm brewing’ in moly. In the third week of January, traders came in and bought up a lot of material, which caused some supply tightness. Now traders are in a position to push prices higher, state analysts.
At the end of October 2009, moly oxide was trading just around $10.5. By the [...]
Gold Investing News reports gold price and currency market seem to go hand in hand.
Spot gold was steady at $925.90 per ounce in early afternoon, compared with New York’s notional close of $925.35, and was poised for a 1 per cent rise on the week. U.S. gold futures for June delivery fell $1.8 or 0.2 [...]
Coal Investing News reports coal sees a brighter light with spring contract supply negotiations.
While the result is less than half of fiscal 2008’s record price of $300 a tonne, it still points to one of the best years ever for coking coal prices and implies that Canadian coking coal producers could enjoy a better than [...]
Overview
First Majestic Silver Corp. is committed to building a senior Silver producing mining company based on an aggressive development and acquisition plan with a focus on Mexico. The Company presently owns or operates three silver mines in Mexico; the La Parrilla Silver Mine, the San Martin Silver Mine and the La Encantada Silver Mine. Production [...]
Gold Investing News reports gold prices took a slight dip and partly due to US budget.
Feeling risky? Buy gold. It’s all about the risk factor these days, as investors square their positions following a massive rally on the stock market.
For complete story, click this link. Follow developments in resource mining and exploration for free. Sign [...]
Zinc Investing News reports zinc prices have had big hits with layoffs and output cuts.
Acadian Mining Corp. of Halifax reported a net loss of $158,729 on revenues of $8.6 million for its third quarter. The Company said that its third-quarter performance was an improvement over the second quarter, when it lost $5.7 million on revenues [...]
Coal Investing News reports the American elections and the future of the coal industry.
The story: In a “secret” interview, the Senator admitted to the San Francisco Chronicle that he would purposefully bankrupt the coal industry.
So, what was said in this so-called “secret” interview that had Sarah Palin, Fox News, and the coal industry so enraged? [...]
Heavy Oil Investing News reports the return on heavy oil projects will be much less than expected due to the price of oil is rallying around $100 per barrel mark.
As joblessness increases in the United States, further demand destruction is likely. Finally, the difficulty of obtaining credit makes it exceptionally difficult for small players to [...]
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Thursday, February 25, 2010
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