Metal and Mineral Market Statistics, June 2013

Gold Financing Activities In India And The United States: Gold To Come Under Selling Pressure

Company news
1 minute ago
by Pakistan Press International

UBAI _: Gold is likely to come under increased selling pressure in the days ahead as strategic investors are unwinding their long positions in the precious metal, as reported by commodity experts. "There was a broad-based selling by investors in gold last week, which is exerting downward pressure on prices. Gold is likely to be trading in a broad range of US Dollars 1350 - US Dollars 1450 a troy ounce this wee...

Industries : Metal Mining
Countries : India, World, United States

Marble Sector In Pakistan: Setting Up Mineral-based Units In Balochistan

Industry news
1 minute ago
by Pakistan Press International

Balochistan is endowed with rich mineral resources. There is a wider scope for setting up mineral-based industrial units in the province. The government needs to work out a comprehensive plan , strategy to set up such industries in the province. Chromite is the critical ore, which is used in manufacture of strategic materials. It's wide-range of uses in metallurgical, chemical , refractor...

Industries : Metal and Mineral
Countries : Pakistan

Gold Market: Company-op Banks Restricted For Loans Against Gold

Industry news
1 minute ago
by Pakistan Press International

Reserve Bank has extended the restriction on advance against gold on Company-operative banks as well, a move aimed at curbing demand for gold. In a notification, the RBI said while granting advance against the security of specially mintedgold coins sold by banks, state/central Company-operative banks "should ensure that the weight of the coin(s) does not exceed 50 grams per customer'. Also the amount...

Industries : Metal Mining

Nonferrous Metal Mining Innovation Trends In Australia: Invictus Gold Receives Research And Development Refund

Company news
6 hours ago
by NewsBites

Australian industry player news bites sourced from information lodged with the australian stock exchange invictus gold announced that it wil...

Industries : Metal and Mineral
Countries : Australia

Steel Facts And Figures In China: Top Stories Of The Day ? China Metals ? 2013-06-18

Industry news
8 hours ago
by Xinhua News Agency

BEIJING , 2013-06-18 (Xinhua) ? 1. Baosteel (600019.SH) has denied that over-supply leads the Industry player to slow down construction work of Zhanjiang project, which was instead because the Industry player was making changes on the project capital , management. It is a response to earlier media reports that Baosteel has slowed down construction work of Zhanjiang project to avoid fol...

Industries : Metal Mining
Countries : China

Copper Market Overview In Canada And The United States: Copper 1 Appoints New Cfo

Industry news
10 hours ago
by Marketwire - Canada

TORONTO, ONTARIO --(Marketwired - 2013-06-17 ) - Copper 1 incorporated (TSX VENTURE:CUO) ("Copper 1" or the "Industry player") declares the appointment of Ms. Deborah Battiston as Chief Financial Officer, effective immediately. The appointment of Ms. Battiston follows the resignation of Mr. Francois Laurin as Chief Financial Officer. Copper 1 thanks Mr. Laurin for his service. Ms. ...

Industries : Metal Mining
Countries : Canada, United States

Gold Industry In India: Chidambaram

Industry news
10 hours ago
by Information Solutions

The only way to contain the rising current account deficit (CAD) of the region is to increase the domestic production of oil , coal , restraining the consumption of gold, finance minister P Chidambaram said today. Addressing a meeting of the parliamentary consultative committee attached to his ministry, the finance minister said that in order to increase fuel production, India should get...

Industries : Metal Mining
Countries : India

Steel Dynamics Provides Q2 2013 Profits Guidance And Declares Q2 Cash Dividend

Industry news
12 hours ago
by PR Newswire

FORT WAYNE, Ind. , 2013-06-17 /PRNewswire/ -- Steel Dynamics, incorporated (NASDAQ/GS: STLD) today provided Q2 profits guidance in the range of US Dollars 0.10 to US Dollars 0.14 Q2share. Second quarter 2013 estimated results are lower than the US Dollars 0.21 peQ1re reported for the first quarter 2013 , lower than the US Dollars2nd per diluted share reported for the second q...

Industries : Metal Mining
Countries : United States

Metal Mining Market In The United States: Us:precious Metals Fall

Industry news
13 hours ago
by Australian Associated Press

NEW YORK , 2013-06-17 Dow Jones - Platinum has settled at a 7-week low, while palladium fell to a 5-week low as investors backed away from the Industry amid a stronger US dollar , a public holiday in top producer South Africa . Platinum for July delivery, the most active contract, settled $US 12.60 , or 0.9 per cent, lower at $US1,434.80 a troy ounce on the New York Mercantile ...

Industries : Metal Mining
Countries : United States

Gold Market Overview In North America: Gsc Golden Star Reviews Operations, To Hold Call 2013-06-18

Industry news
13 hours ago
by Canjex Publishing Ltd

Golden Star Resources Ltd (2) (TSX:GSC) Shares Issued 259,105,970 Last Close 6/17/2013 US Dollars 0.50 Monday 2013-06-17 2013 - News Release Mr. Jeff Swinoga reports GOLDEN STAR PROVIDES OPERATIONAL UPDATE ON COST REDUCTION MEASURES, MINE PLAN RE-OPTIMIZATION , CAPITAL REALLOCATION Golden Star Resources Ltd. has provided an operations update regarding previously announced cost reduction m...

Industries : Metal Mining

Copper Price Trend In China: Copper Could Finish 2013 At Us$3.45/lb, Jp Morgan Says

Industry news
13 hours ago
by Business News Americas

Copper could rise to USUS Dollars 3.45 /lb by year-e percentd, up 8.35% from its Monday close of USUS Dollars 3.184 /lb on the London Metal Exchange , as reported by JP Morgan executive director Vladimir Werning . "The bank's raw materials analysts are estimating a copper price of USUS Dollars 3.45 for the end of the year," Werning...

Industries : Metal Mining
Countries : China

Metal Mining Financing Activities In China: General Steel Holdings Incorporated - 10-k - Management's Discussion And Analysis Of Financial Condition And Results Of Operations.

Company news
14 hours ago
by Edgar Online

Forward-Looking Statements: The following discussion of the financial condition , results of operations should be read in conjunction with the consolidated financial statements , related notes thereto included elsewhere in this Annual Report. The following discussion contains forward-looking statements. General Steel Holdings, incorporated is referred to herein as "we", "our," "us" , "the ...

Industries : Metal Mining
Countries : China

Iron Ore Price Statistics In Brazil And Singapore: Vale Back On The Platforms, Swaps Rallies Hard

Industry news
14 hours ago
by Business News Americas

Physical iron ore tenders on 2013-06-17 witnessed multinational resources group Rio Tinto (NYSE: RIO) sell a 75,000t cargo of its 60 %-Fe PMC fines at USUS Dollars 106.60 /t, as reported by the daily iron ore report by international sIndustry playering company Simpson, Spence , Young (SSY). An 85,000t percentargo of 64%-Fe Brazilian iron ore concent...

Industries : Metal Mining
Countries : Brazil, Singapore

Iron Ore Market Overview In China And Brazil: Further Currency Depreciation To Compensate Cost Rises And Chinese Slowdown - Vale

Industry news
14 hours ago
by Business News Americas

Brazilian mining giant Vale (NYSE: VALE) is forecasting that a further local currency depreciation could compensate the effects of rises in costs , a slowdown in Chinese iron ore demand. Vale, the region's largest iron ore exporter, estimates the local currency to weaken to 2.40 reais per US dollar, bolstering Brazil's competitiveness, the Industry player's director of iron...

Industries : Metal Mining
Countries : China, Brazil

Marble Production Statistics: In Khyber Agency, Power Suspension Renders 10,000 Jobless

Company news
16 hours ago
by Pakistan Press International

The suspension of electricity to about 120 marble factories in Mullagori region of Jamrud sub-division, Khyber Agency has rendered at least 10,000 labourers jobless. Locals fear the increasing joblessness could provide militants a fresh pool of recruits , drift the unemployed towards radicalism in the area. Rehman Shah , 32, , father of 3, said he , 30 others from his village w...

Industries : Mineral Mining

Metal Mining Trends: 2-post Lift Features 16,000-lb. Lifting Capacity

Industry news
17 hours ago
by Penton Business Media

Stertil-Koni has released a new line of 2-post heavy-duty vehicle lifts. The Freedom Lift line offers hydraulic 2-post lifts with a lifting capacity of 16,000 lbs. The lifts? clean, ergonomic design is distinguished by wheels-free lifting, telescopic swing arms with a wide range of usability , a design that requires no mechanical structure overhead, the Industry player said. The product provi...

Industries : Metal Mining

Mining Market Overview In Canada: Encanto Potash To Present At Invitation Only Red Summit

Industry news
18 hours ago
by Canada Newswire

TRADING SYMBOL: TSXV:EPO VANCOUVER , 2013-06-17 /CNW/ - Encanto Potash Corp. ("Encanto" or the "Industry player") (TSXV: EPO , OTCQX: ENCTF) is pleased to announce that the Industry player has been selected to present at the Resource Exploration & Development ("RED") Summit in Toronto, ON . Who: James Walchuck , President & CEO, Encanto Potash When: Tuesday June 18, 2013 Wh...

Industries : Metal and Mineral
Countries : Canada

Steel Price Statistics In The United States: Ak Steel Projects Larger-than-expected 2q Loss

Industry news
19 hours ago
by Associated Press, The

WEST CHESTER, Ohio (AP) ? AK Steel will likely post a larger-than-expected 2nd-quarter loss, the Industry player said Monday, citing the effects of a maintenance outage at 1 of its blast furnaces, on top of greater tax expenses. Losses for the quarter are expected to be between 33 cents , 38 cents per share, as reported by the Industry player. That is far wor...

Industries : Metal Mining
Countries : United States

Mining Industry In China And The United States: Blackrock World Mining Trust Plc - Portfolio Update

Industry news
20 hours ago
by PR Newswire

BLACKROCK WORLD MINING TRUST plc All information is at 31 May 2013 , unaudited. Performance at month end with net income reinvested 1 3 1 3 5 Month Months Year Years Years Net asset value (undiluted) 0.3 % -16.1 % -12.4 % -13.2 % -33.3 % Net asset value (diluted) 0....

Industries : Metal and Mineral
Countries : World

Mining Production Statistics In Guinea: Guinea-u.s. Partnership On Extractive Sector Transparency

Company news
21 hours ago
by All Africa Global Media

Extractives Partnership between Guinea , the United States G-8 Transparency Advisory Group 1. Overview Guinea , which has a population of 10 million in an region the size of the UK , has vast mineral resources, many of which remain undiscovered or undeveloped. It is the world's largest producer of bauxite, , is set to become the 3rd largest source of iron ore. Guinea also p...

Industries : Metal and Mineral
Countries : Guinea

Metal Mining Price Data: Rbi Hold Rates, Rupee A Worry

Industry news
21 hours ago
by Information Solutions

As expected by most, the RBI has kept key policy rates unchanged. As per the policy statement, the repo rate , cash reserve ratio (CRR) have been kept unchanged at 7.25 % , 4 % respectively. The minor possibility of a rate cut is now extinguished thus giving scope to some crack in the markets , rate sensitive stocks. The RBI, in its statement, has said that from the last policy meeting in M...

Industries : Metal Mining

Schnitzer Declares Q3 Fiscal 2013 Profits Date And Conference Call

Company news
21 hours ago
by Business Wire

2013-06-27 ? 10:00 a.m. Eastern PORTLAND, Ore. --(BUSINESS WIRE)-- Schnitzer Steel Industries, incorporated (Nasdaq: SCHN) will report its 3rd quarter fiscal 2013 financial results on Thursday, June 27, 2013 , will webcast a conference call to discuss the performance at 10:00 a.m. Eastern on the same day. The webcast ...

Industries : Metal Mining
Countries : United States, Canada

Gold Market In India: Asia:india's Trade Deficit Widens In May

Industry news
21 hours ago
by Australian Associated Press

NEW DELHI , June 17 AFP - India's trade deficit hit a 7-month high in May as gold imports surged, raising fresh concerns about Asia's 3rd largest economy. The deficit stretched to $US20.1 billion ( $A21.10 billion ) from $US17.8 billion ( $A18.68 billion ) a month earlier, mainly because of an almost 90 per cent jump in gold , silver imports from a year earlier, the data...

Industries : Metal Mining
Countries : India

Metal And Mineral Production Statistics In Chile And The United States: World's Largest Copper Producer Codelco Completes Enterprise-wide Implementation Of Oniqua's Mro Optimization Solution

Company news
22 hours ago
by PR Newswire

DENVER , 2013-06-17 /PRNewswire/ -- Oniqua MRO Analytics ( www.oniqua.com ), the leading provider of analytics-based MRO optimization solutions for asset-intensive industries, today announced that Chilean copper producer Corporacion Nacional del Cobre de Chile (Codelco) ? the largest copper producer in the world ? has completed its enterprise-wide implementation of Oniqua Anal...

Industries : Metal and Mineral
Countries : World, Chile, United States

Metal And Mineral Market Overview In The United States: Paper Authored By President Of Nevada Clean Magnesium Published By The Minerals, Metals And Materials Society (tms)

Industry news
22 hours ago
by Baystreet.ca

Category: Baystreet Newswire Industry player: Accesswire ID: 404984 Date: Monday, 2013-06-17 Ticker: TSX.V:NVM Presented at TMS 2013 14Second Annual Meeting , Exhibit, White Paper Defines , Quantifies Proven Technologies Expected to Reduce Cost , Company2 Emissions of Industry player's Proposed Tami-Mosi Magnesium Project VANCOUVER, BRITISH COLUMBIA - (Accesswire)...

Industries : Metal and Mineral
Countries : United States

Metal And Mineral Production Capacity In Albania: Tirex Resources Appoints Dr. Genc Demi As Special Advisor

Company news
1 day ago
by M2 Communications

ENP Newswire - 17 June 2013 Release date- 14062013 - Tirex Resources Ltd. has appointed Dr. Genc Demi, Ph.D as a Special Advisor, Mineral Processing , Mining. Dr. Demi is a well known mineral processing , mining engineer with 40 years of experience in the Albanian mineral processing Market. Dr. Demi graduated from the University of Tirana , Faculty of Geology , Mines, in 1974 ...

Industries : Metal and Mineral
Countries : Albania

Nucor Declares Guidance For Its Q2 Profits

Company news
1 day ago
by M2 Communications

ENP Newswire - 17 June 2013 Release date- 14062013 - CHARLOTTE, N.C. - Nucor Corporation (NYSE: NUE) announced today guidance for its Q2 ending June 29, 2013 . Nucor expects Q2 results to be in the range of US Dollars 0.25 to US Dollars 0.30 per diluted share. ThiQ1milar to first quarter 2013 profits of US Dollars 0.26 per diluted share , represents a decrease from t...

Industries : Metal Mining
Countries : Canada

Gold Production And Trade Statistics In India: Indian Central Bank Keeps Key Rate Unchanged

Industry news
1 day ago
by Xinhua News Agency

MUMBAI , 2013-06-17 (Xinhua) -- Indian central bank Reserve Bank of India (RBI) announced Monday to keep its key rate, repo rate unchanged at 7.25 %. The cash reserve ratio is also held ...

Industries : Metal Mining
Countries : India

Iron Ore Sector In China: Chinese Expert Warns Investing In Fortescue Could Be Risky

Industry news
1 day ago
by Xinhua News Agency

SYDNEY , 2013-06-17 (Xinhua) -- Fortescue Metals Group's (FMG) low performance-price ratio , 12 billion U.S. dollar debt has sounded alarm bells for some Chinese investors recently. China's Mysteel.com Consulting Director Xu Xiangchun told Xinhua on Monday that FMG's fast-growing business pattern had led it to rack up exorbitant debt in attempt to capitalize on demand, ...

Industries : Metal Mining
Countries : China

Iron Ore Market In China: Chinese Expert Warns Investing In Fortescue Could Be Risky

Industry news
1 day ago
by Xinhua News Agency

SYDNEY , 2013-06-17 (Xinhua) -- Fortescue Metals Group's (FMG) low performance-price ratio , 12 billion U.S. dollar debt has sounded alarm bells for some Chinese investors recently. China's Mysteel.com Consulting Director Xu Xiangchun told Xinhua on Monday that FMG's fast-growing business pattern had led it to rack up exorbitant debt in attempt to capitalize on demand, but...

Industries : Metal Mining
Countries : China