Copper traders turn most bullish in six weeks on China’s demand

Copper traders and analysts are the most bullish since August on speculation prices at a one-year low will spur China, the world's largest buyer, to build stockpiles.

BusinessWeek | October 7, 2011 | 12:58 am

China Coal resumes output at two mines halted after deaths

Oct. 2 (Bloomberg) -- China Coal Energy Co. has resumed production at two of five mines that were suspended after flooding killed 10 workers at a site run by its parent. The mines passed a safety inspection by local authorities in Shanxi province, the

BusinessWeek | October 2, 2011 | 1:49 pm

China Coal Says Production Resumes at Two Mines Afetr Inspection

Oct. 2 (Bloomberg) -- China Coal Energy Co. says two of its mines have resumed operations after passing a safety inspection by local authorities in Shanxi Province. Three other mines are starting safety inspections, it said in a statement to the Hong

BusinessWeek | October 2, 2011 | 11:52 am

Semirara Plans to Develop Coal Bed Methane Project With Endesa

Oct. 2 (Bloomberg) -- Semirara Mining Corp., the largest Philippine coal producer, is in talks with Spain’s Endesa Carbono S.L. to develop the coal bed methane potential at a coal mine as a source of natural gas for power generation. Semirara plans to

BusinessWeek | October 2, 2011 | 11:51 am

Mongolia wants 50 pct of Rio’s Oyu Tolgoi project, minister says

Mongolia wants to bring forward the raising of its stake in the Oyu Tolgoi copper project that’s being developed by Rio Tinto Group and Ivanhoe Mines Ltd. to 50 percent from 34 percent, according to the minerals minister. “We have sent the proposal to Ivanhoe to renegotiate the timeframe for us to increase the government stake,” Dashdorj Zorigt told reporters at Oyu Tolgoi yesterday. Such an increase is permitted after only 30 years, according to a summary of the $16 billion project agreement from London-based Rio Tinto.

BusinessWeek | September 25, 2011 | 9:42 pm

Gold premium over platinum seen rising to record: commodities

Gold cost 3.1 percent more than platinum in London yesterday, compared with an average discount of 39 percent over the past decade, data compiled by Bloomberg show. The metal may reach a premium of 26 percent in the third quarter of 2012, according to

BusinessWeek | September 23, 2011 | 7:55 am

Copper, Nickel, Tin Slump on European Debt, Global Growth Risk

Sept. 23 (Bloomberg) -- Copper dropped to the lowest in more than a year while nickel and tin plunged as the deepening European debt crisis and threat of a U.S. recession spurred investor concerns that demand for raw materials will slow. Copper for

BusinessWeek | September 23, 2011 | 7:37 am

Gold declines on speculation Fed’s measures will curb demand

Gold declined in New York on speculation further stimulus measures by the Federal Reserve will cut demand for the metal as a protection of wealth.

BusinessWeek | September 21, 2011 | 1:13 pm

Batista’s MPX targets China as ‘main market’ for Colombian coal

MPX Energia SA, the energy company controlled by Brazilian billionaire Eike Batista, said it’s targeting China as the “main market” for the coal it will produce in Colombia.

BusinessWeek | September 21, 2011 | 3:06 am

Impala Fails to Meet Zimbabwe Ownership Laws, Minister Says

Sept. 7 (Bloomberg) -- Impala Platinum Holdings Ltd.’s Zimbabwean unit, known as Zimplats, has failed to meet new laws on asset ownership and may have its mining license revoked, according to Indigenization Minister Saviour Kasukuwere. “We will be

BusinessWeek | September 7, 2011 | 6:05 pm

Copper climbs for sixth day in London trading on growth optimism

Aug. 31 (Bloomberg) -- Copper climbed for a sixth day in London as speculation the U.S. Federal Reserve will stimulate economic growth heightened optimism about raw materials demand. All six industrial metals on the London Metal Exchange gained for a

BusinessWeek | August 31, 2011 | 10:36 am

Copper declines on concern Chinese lending curbs may cut demand

Copper futures declined in New York on concern that moves to curb credit growth and tame inflation by China, the world’s biggest consumer of the metal, may reduce demand for raw materials.

BusinessWeek | August 29, 2011 | 10:43 am

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