Posts by sharenet:

Rio Tinto battles to win over Mongolian public

By ULAN BATOR, Sept 30 (Reuters) - Global miner Rio Tinto is fighting a legacy of bad publicity as it tries to persuade the Mongolian public a $10 billion copper deposit it took over from Ivanhoe Mines last year is in safe hands. Some Mongolian
sharenet | October 1, 2011 | 4:41 am

CBG restarts Guinea bauxite exports: source

Guinea's CBG restarted bauxite exports early on Sunday after a one-week halt that was caused by damage to a conveyor belt used to load ships, a source at the company told Reuters.
sharenet | September 18, 2011 | 4:53 pm

Burkina Faso’s first zinc mine to start up

SYDNEY (Reuters) - A new zinc mine in west Africa is due to start up in mid-2012, just as some of the world's largest deposits are winding down, creating the first window in years for new suppliers in a chronically over-supplied market. The Glencore
sharenet | September 11, 2011 | 2:05 pm

Copper steady as China buys eclipse growth concerns

Copper steadied on Tuesday as an earlier price correction enticed buying from top consumer China, but concerns about slowing growth in the world's top economies muddied the metal's demand picture. Three-month copper on the London Metal Exchange (LME) traded at $8,9 50 a tonne in rings , little changed from Monday's close of $8,960 a tonne.
sharenet | September 6, 2011 | 12:42 pm
Exports won’t save US coal

China’s 2011 coal imports seen off 2010 record

China's coal imports this year are expected to pull back from the record level in 2010 despite strong domestic demand, as growth in local production and transportation capacity help meet overall demand, an industry official said on Tuesday. Dong Yueying, secretary-general of China Coal Transport and Distribution Association (CCTD), told a coal conference in Beijing that he expected about 150 million tonnes of coal will be imported this year. The volume would be lower than the record 164.8 million tonnes China imported in 2010.
sharenet | September 6, 2011 | 3:45 am

Copper falls on China exports, Europe factory data

Copper fell on Thursday due to weak export orders from big metal consumer China and a survey showing a contraction in manufacturing activity in the euro zone, but supply concerns kept a floor under prices. Three-month copper on the London Metal Exchange was $9,130 a tonne in official rings, down from a close of $9,275 on Wednesday.
sharenet | September 1, 2011 | 10:38 am

Gold edges down; eyes on Fed cues on stimulus

Spot gold edged lower on Wednesday as investors waited for more clues to economic conditions and watched to see if the U.S. Federal Reserve would deploy more stimulus measures, but the metal is poised for its biggest monthly gain since Nov. 2009.
sharenet | August 31, 2011 | 3:43 am
finance mining stocks

Optimum Coal says Glencore unit has 14.1 pct stake it

South Africa's Optimum Coal said on Monday that a unit of Glencore, the world's largest commodity trader, had bought a 14.1 percent stake in it. The announcement comes after Optimum, South Africa's sixth-largest coal producer, confirmed on Friday that it had received takeover approaches.
sharenet | August 29, 2011 | 1:01 pm

China wants to break grip of iron ore big three with West Africa projects

China, the world's largest consumer of iron ore, aims to develop and control resources, especially in west Africa, to gain a foothold on supply and tackle the hegemony of three iron ore suppliers – Rio Tinto , BHP Billiton and Vale. Chinese firms have signed a number of iron ore deals in Africa, which at their peak could contribute nearly 250 million tonnes of iron ore when they come on stream in the medium to long term.
sharenet | August 18, 2011 | 4:22 pm