Monthly Archives: December, 2011
Saudis Need $ 74 Oil Price Balance Budget by 2012, Says Jadwa
Saudi Arabia, the world’s largest oil exporter, to $ 74 per barrel for its crude oil exports next year to balance its budget, Jadwa Investment Co. said. For Saudi oil prices reach $ 74 a barrel, the kingdom around $ 70 per barrel WTI and $ 78 per barrel for Brent, Jadwa, a diversified investment [...]
Yanzhou Coal to Buy Gloucester for $2.1B
Yanzhou Coal Mining Co. (1171), the fourth largest producer of coal in China, Gloucester Coal Ltd. agreed to purchase for approximately A $ 2.1 billion ($ 2.1 billion) in cash and shares for more mines and ports in Australia to access. The deal values ​​Gloucester at as much as A $ 10.16 per share, subject [...]
South Australian mine wins government approval
A iron ore mine in South Australia Eyre Peninsula has been approved by the state government, paving the way for export to China to begin next year. Mining’s strong Wilcherry Hill iron ore project near Kimba, the government passed the final legislative hurdle today. The company can now begin the infrastructure work ahead of the [...]
Prodigy eyes bigger, more profitable gold mine in Ontario
Prodigy Gold (TSX: PDG) improved key aspects of its Magino gold project 40 kilometers northeast of Wawa, Ontario, in an updated scoping study include: more gold production, a longer life of the mine and lower operating costs. Underlying the update is a great resource that has grown to 2.2 million ounces of gold @ 1 [...]
Gold Drops as jobless claims slow, investors reduce ETF Holdings
Gold fell in New York for the third time in four days for signs of a strengthening of the U.S. labor market and a decline in holdings by exchange-traded fund investors. Jobless claims unexpectedly fell last week to its lowest level since April 2008, the government reported today, boosting the dollar and reducing the demand [...]