Archive for January, 2010
Market falls on earnings season
Sunday, January 31st, 2010
THE Australian share market continued its sell-off from Friday, falling one per cent amid fresh concerns about the Chinese economy and nervousness over the domestic profit-reporting season. At 4.15pm(AEDT), the benchmark S&P/ASX200 index was down 45.
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Government Considering New Mining Tax
Sunday, January 31st, 2010
Extract not available.
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China posts new record with 314 tonnes of gold production
Sunday, January 31st, 2010
RENO, NV - The China Gold Association said China's gold production increased 11.34% to a record 313.98 tonnes last year. Official state news agency Xinhua reported the domestic gold sector reported 137.53 billion yuan (US$20.
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Vedanta reportedly considering up to 6 substantive spin-offs
Sunday, January 31st, 2010
RENO, NV - Despite a 64.2% in total third-quarter revenues, Indian mining conglomerate Vedanta is reportedly considering spinning off several of its interests but would retain controlling interests in each of the separately listed companies.
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China Baosteel, Mills Talk To Iron Ore Miners In Singapore -Report
Sunday, January 31st, 2010
BEIJING -(Dow Jones)- Representatives from Baosteel Group Corp.
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Shares near fresh three-month low
Sunday, January 31st, 2010
The Australian share market neared a fresh three-month low, hitting its lowest close since November 5. The market ended last month 6.2 per cent lower than where it started the new year, and it has entered February another 1 per cent lower.
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Rival ore miners join forces
Sunday, January 31st, 2010
Two rival iron ore miners in Western Australia's Mid West have signed an agreement to share mine services and infrastructure at their neighbouring projects.
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No wastes into river: Xstrata
Sunday, January 31st, 2010
SWISS mining giant Xstrata Plc says it will not dump mine waste into the Sepik River system from its Frieda River gold and copper mine when it begins production in 2017.
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Market falls on earnings season
Sunday, January 31st, 2010
THE Australian share market continued its sell-off from Friday, falling one per cent amid fresh concerns about the Chinese economy and nervousness over the domestic profit-reporting season. At 4.15pm(AEDT), the benchmark S&P/ASX200 index was down 45.
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Shares near fresh three-month low
Sunday, January 31st, 2010
The market ended last month 6.2 per cent lower than where it started the new year, and it has entered February another 1 per cent lower. The All Ordinaries index gave up 52 points to close at 4,545, while the ASX 200 lost 1 per cent to 4,524.
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