KitcoCasey / Industry News /

Headlines from around the world on the natural resources market, sector and corporate activity. Keep yourself in the know!

India Sept iron ore exports rise 88%   November 6, 2009
Indian iron ore exports jumped an annual 88% in September as Chinese demand picked up, and partly reflected a statistical effect caused by a slump in the same month last year in the wake of the world economic crisis.


Poland mining sector contracted by 5.7%   November 6, 2009
Poland has been disproportionately hit by the recent slump in commodities prices. In 2008 the mining sector contracted by 5.69% in real terms, and a 1.03% regression is expected for 2009.


Chinese groups in discussion with LM   November 6, 2009
British-based mining company London Mining has revealed that it is in talks with major Chinese companies about its Marampa iron-ore project in Sierra Leone.


Zambia to raise stake in foreign companies   November 6, 2009
The Zambian Government says it will increase its stake in overseas mining companies from 10% to 35%.


Gerdau to invest $5.5B in 2010-2014   November 6, 2009
Brazil's largest steelmaker says 80% of the investments will be within Brazil.


LME copper stocks highest since May   November 6, 2009
High stocks and reduced Chinese buying lead to price knock for copper.


Zimbabwe to own 51% of foreign firms   November 6, 2009
The government of the beleaguered country has proposed that Zimbabweans take 51% ownership of all foreign companies, according to a draft law.


Shanghai copper inventories biggest in 5 years   November 6, 2009
Shanghai copper stockpiles climbed for a second week to the highest in more than five years, the Shanghai Futures Exchange said in a report on its Web site.


US seeks WTO ruling on China materials   November 5, 2009
But Chinese officials insist that they are consistent with WTO rules.


Slovakian citizens against uranium   November 5, 2009
The Slovakian Parliament is anticipating a petition signed by more than 100,000 Slovak citizens who are against uranium mining.


Miner asks Peru to remove protesters   November 5, 2009
Ares, a mining company run by Hochschild Mining, asked the Peruvian government on Thursday to remove protesting community members from one of its exploration projects - the latest in a long string of conflict.


Contained nickel at Flying Fox project up 24%   November 5, 2009
Western Areas announced a significant increase in the Probable Ore Reserve at the Flying Fox Mine, one of the most continuous and highest grade nickel mines in the world.


Australia approves Chinese-based investment   November 5, 2009
The Australian Government has approved a Chinese-based investment worth up to US$245.5 million in Centrex Metals which plans to develop iron ore deposits on South Australia's Eyre Peninsula.


Asian central banks in no rush for gold   November 5, 2009
Based on past experience, other major central banks in the region seemed unlikely to dramatically ratchet up offshore gold purchases anytime soon.


Exxon, Shell win Iraq's oilfield contract    November 5, 2009
Iraq awarded a contract to develop the West Qurna oilfield to Exxon Mobil Corp. and Royal Dutch Shell Plc, a month before the country holds its second licensing round for oilfield contracts since the 2003 U.S. invasion.