Market Reports
Aluminum: In Search of an Asian Trading Hub, Middle East
China’s objective is to have greater influence on global metals prices...as such, this might be a conducive time for China to participate in the global aluminum derivatives market. Base Metals Prices SlideCopper prices have been on a downtrend...
Market Reports
Happy day for miners: shares up by levels not seen since 2008
Happy day for miners: shares up by levels not seen since 2008Mining stocks were soaring Thursday following a disappointing report on US services sector growth released Wednesday and comments from a top Federal Reserve official suggesting concern over...
Market Reports
Congo’s State Copper Miner Set for Lowest Output Since 2004
The Democratic Republic of Congo’s state-owned copper miner is on track to deliver its lowest output since 2004, the year after Africa’s biggest war ended.A shortage of power low-grade ore and equipment breakdowns hurt output. In...
Market Reports
First Quantum Minerals Ltd. in friction with the government over tax changes when setting up Copper Mine in Zambia
First Quantum Minerals Ltd. (FM) is starting up a Zambian copper mine to feed an $850 million smelter the Canadian producer began operating last weekend amid friction between the mining industry and government over tax changes. Kansanshi...
Market Reports
As Mining Industry Contracts, Zambia Cuts 2014 Growth Estimate
Zambia reduced its estimate for economic growth this year as mining output in Africa’s second-biggest copper producer shrank. Preliminary real gross domestic product expanded by 6 percent, Finance Minister Alexander Chikwanda said in an e-mailed statement today. In...
Market Reports
Angola Sees 2017 Gold-Output Start in Plan to Cut Oil Reliance
Angola sees production from two gold mines being developed in the country’s north starting in 2017, helping diversify the economy of Africa’s second-biggest oil producer, Minister of Geology and Mines Francisco Queiroz said. About $600 million has been...
Market Reports
Declines in mining-industry capital expenditure in 2015, expected by Joy Global Inc.
Joy Global Inc. (JOY), the world’s largest maker of underground mining machinery, said it expects to see further declines in mining-industry capital expenditure during a “challenging” 2015. Next year “will again present challenges as oversupplied commodity market dynamics...
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