2012 Mining Billionaires: #4 Gina Rinehart
Australia's ruler of iron ore, coal and the family trust.
Australia's ruler of iron ore, coal and the family trust.
Mining contributed $50 billion to the country’s GDP in 2011, he said, and provides “well paying” jobs for more than 300,000 Canadians.
The very survival of Britain?s coal mining industry depends on the success of a massive restructuring of UK Coal, which is to be announced in the next fortnight.
The health of the U.S. economy may not be quite as robust as some government statistics indicate and more stimulus could be on the way, despite what the Fed may be saying.
Today Jennifer Leinhart of CostMine sent me these two volumes: 2011 Survey Results: U.S. Coal Mine Salaries, Wages and Benefits 2011 Survey Results: U.S. Metal & Industrial Mineral Mine Salaries, Wages and Benefits In future blog postings, I will write more about the salary and wages listed in these volumes.
Silver moved into the second quarter displaying a pattern investors are likely becoming all too familiar with, whereby the market shows signs of strength at the opening of the week, responds negatively to a midweek disappointment, and attempts to claw its way back with the approach of the weekend.
Copper hit its highest level in 2012 this week, boosted by strong manufacturing data from China. Steady job growth in the US too is pushing up demand, but downside risks especially in Europe remain.
A recent study published by Canberra-based think tank The Australia Institute calls for a slowdown in mining investment.
I have not done this before; I have never repeated a comment as a new posting. I do this now, not because I have become lazy and dependent on others for opinions and perspective, but because I think this comment is worthy of individual exposure and repeat.