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Tag Archive | "resources"

Miners’ woes product of loose credit?

Tuesday, December 16, 2008

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Silver Investing News reports silver prices rose with gold on Monday’s trading. Silver may be able to reach $12.20/oz in the short term if it can break $11.00/oz. The precious metals have been benefitting from a weaker dollar and gains in equities and other commodities. For complete story, click this link. Follow developments in resource mining and [...]

Silver busts the $10.50 fence

Monday, December 15, 2008

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Silver Investing News reports silver price moved slightly higher than $10.50 on Thursday’s trading. A weaker dollar and gains in commodity prices helped to stir speculation that future inflation may be on the cards. The surge in price has recharged the bullish sentiment of many analysts. For complete story, click this link. Follow developments in resource mining [...]

AMI Resources - Stratigic Location on Ashanti Gold Belt

Tuesday, December 9, 2008

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Gold Investing News reports AMI Resources Inc., a Canadian exploration and development stage company. AMI Resources Inc. is a Vancouver, British Columbia based exploration and development stage company, which through its wholly owned operating subsidiary (Norcan Mining Corp.), has elected to concentrate its exploration activities in Ghana, West Africa. For complete story, click this link. Follow developments [...]

The U.S. mining industry in jeopardy?

Tuesday, December 9, 2008

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Silver Investing News reports silver metal has been hit with lower prices and higher production costs. U.S. miners are now faced with a new challenge as a Democratic-majority Congress is threatening mining reform legislation that has many in the industry worried about the future of mining under the Obama administration. For complete story, click this link. Follow [...]

MAG mystified by “take-under” offer

Friday, December 5, 2008

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Silver Investing News reports MAG Silver Corp. rose 13 per cent after Fresnillo PLC, world’s biggest primary silver reported its take-over for MAG Silver.  The senior silver producer is offering MAG US$4.54 a share for complete ownership. Earlier this year, Fresnillo purchased a 19.8 per cent stake in MAG, its joint venture partner on the Juanicipio deposit in Mexico. Currently, MAG owns 44 per [...]

Tungsten companies move forward

Friday, December 5, 2008

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Tungsten Investing News reports with the crash of the markets this year, tungsten’s value has lost. Some stability though has been lent to tungsten metal due to the fact that China has a monopoly on the market.  China has curbed output to coincide with the price collapse, and this has lent some stability. For complete story, click this [...]

Nickel industry faces delays

Thursday, December 4, 2008

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Nickel Investing News reports nickel prices fell as producers have to delay their projects. So far, in 2008, and extending into 2009, mines in Australia, Canada, Finland, Africa and Asia have cut output by approximately 49,500 tonnes; smelters will process 54,000 fewer tonnes. In addition, many companies that had planned expansions based on higher prices have been forced [...]

BHP’s takeover of Rio dies

Wednesday, December 3, 2008

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Iron Investing News reports BHP and Rio’s takeover bid finally ended. Although the deal is dead in the water for now, it’s an idea that will no doubt remain in the minds of BHP management for the future. The desire to merge BHP and Rio began in the 1990s and was first tried in 2001 by [...]

Economic factors influencing silver

Tuesday, December 2, 2008

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Silver Investing News reports silver prices have fallen from $10.26 on Fridaylast week to $9.15 on Monday this week. Silver and gold were both under pressure from a firm dollar, falling oil prices, and grim global economic news. Resource stocks in general experienced losses. The TSX took a dive and analysts anticipate its six-session streak of gains will [...]

Mining giants feel the pinch

Thursday, November 20, 2008

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Nickel Investing News reports nickel prices have been hit pretty hard trading at $10,000 per tonne as compared to $33,000 in February on the London Metal Exchange. When it comes to mining, Australia is taking the brunt of the hit. The large amounts of miners in the area are struggling to cope with the metal’s recent [...]

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