Search Results for: coal+news+in+india
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Weekly Mining report in Australia
Hello Australia, and happy Easter. IPOs seem to have been the driving force of your marketplace last week.
Absolutely. We have seen business activity in the gold and coal, zinc and other side keeping the interest alive in a metal which normally has a very low profile. Newcrest’s (NCM) to merge with the proposal Lihir Gold (LGL) is hardly a surprise, but it serves to remind investors that some gold stocks are undervalued. And offers Peabody Macarthur Coal (MCC) said that Australia is plugged directly into the Chinese economy, which is the U.S. Peabody wants, even if it means steamroller Asian investors, who already dominate the register Macarthur shares. (more…) -
London Mining Market Report Last Week
London miners enjoyed half consecutive week, after the focus shifted to the strong growth potential of China, India and other emerging economies. The FTSE 100 miners were particularly strong, making an average gain of 6.9 percent, while mid and small cap shares a very respectable 5.3 percent increase in total managed. As always, the mood in London are most evident in the largest and most liquid stocks and the juniors follow behind. (more…)
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BHP Billiton Given Most Optimistic as Demand from China Increase Again
Giant Mining companies in Australia, BHP Billiton has given the most optimistic assessment of the commodity markets after the collapse of the global economy. Chinese company said the increased demand for shipments of iron ore mining industry will rise, but warned markets could remain stable. From Sydney, Phil Mercer reports. Industry analysts said that iron ore prices could rise 10-20 percent this year due to increased demand from the global economy recovers.BHP Billiton, the world’s largest mining companies are also optimistic that the latest assessment of the key commodity markets. Production of iron ore companies, as well as copper, zinc and nickel increased in the last three months of 2009 due to strong demand from Chinese automakers and construction companies. (more…)