Iron ore testing $110 support as Chinese steel contracts drop to record low
Iron ore has only enjoyed three up days over the last six weeks of trading.
Iron ore has only enjoyed three up days over the last six weeks of trading.
Revenue increased by 20% from $128.4 million in the six months ended June 30, 2011 to $154.1 million in the six months ended June 30, 2012.
The company reports intersects 21.4 meters grading 5.6 g/t gold and 32.4 g/t silver on its Grey Eagle target in Nevada at the Gold Springs project.
Mexico-focused First Majestic Silver's (TSX:FR) (NYSE:AG) joined the group of silver producers that have been hit hard by the falling prices of the precious metal, as the company’s reported a profit drop of 50% year-on-year in the second quarter.
Labrador Iron Mines Holdings Limited has reported its operating and financial results for the first quarter ended June 30, 2012.
George Soros's investment firm took sizable positions in gold and the defensive stock Wal-Mart Stores in the second quarter.
A new report released by Greenpeace claims that China's insatiable demand for coal could imperil fragile water resources in the country's vast north-western hinterland.
"Both of our senior projects are advancing rapidly. During the second quarter, Rio Tinto confirmed its funding for Phase 1 and Phase 2 construction of the Oyu Tolgoi mining complex."
The report highlights an adjusted earnings of $0.03/share, a new chief operating officer and production of 18,344 ounces of gold with 5.1 million pounds of copper.
(UPDATED) Canadian exploration company Edgewater is facing potential criminal charges in Spain for allegedly employing highly polluting technology in its Corcoesto gold project, in the North Western region of Galicia.