Archive for the ‘Mining’ Category

World’s Gold Miners Stick Close to Home in Hunt for More Metal

Monday, September 19th, 2016

The world’s biggest gold miners are taking a cautious approach in their hunt for bullion, spending more money to explore around existing mines rather than new territory in a strategy that may have short-term gains but risks future production growth.

Top producers are relying more than ever on small companies to do the heavy lifting of searching for new deposits and increasingly taking 10 to 20 percent equity stakes in the junior miners.

Exploring close to home is more cost efficient and improves the odds of discoveries. But the chances of making major new finds are limited, diminishing global gold output, which is expected to decline by nearly 9 percent in the next three years.

(more…)

Indonesia to Hold Coal Output Steady Despite Price Rally

Monday, August 8th, 2016

Indonesian thermal coal miners will be unable to ramp up output this year due to logistical and debt constraints, despite a strong price rally in recent months, the Indonesian Coal Mining Association said.

Global thermal coal prices have risen sharply on an unexpected jump in imports from top consumer China as it curbs local capacity, as well as demand from other emerging Asian markets and even developed economies, particularly South Korea.

However, Indonesian coal producers that slashed output in recent years due to slumping prices are not expected to be in a position to quickly boost output, association chairman Pandu Sjahrir told news agency Reuters.

(more…)

Urals Drop in Price But Strong in Crude Oil Fight for Europe

Monday, May 30th, 2016

An increasing flow of Middle East crude to Europe has forced Russia’s Urals to fight for its place on the market. The Russian grade has dropped in price but managed to preserve its position in the region as one of the most popular.

Urals differentials have been surprisingly stable since the end of 2015, despite negative events, such as seasonal refinery turnarounds, resumed loadings from Iran and the start of Arabian and Iraqi supplies to northwest Europe, which would be expected to affect prices.

(more…)

Stagnation is the Name of the Game in Terms of Oil and Gold

Wednesday, December 9th, 2015


In recent news, it has been shown that mining prices have taken massive hits with some companies such as Anglo American down nearly 22 per cent since the start of trading this week. Such negative movements serve to underpin the fact that online commodity trading experts still feel that there is a glut in terms of supply versus demand.

In turn, both oil and gold have once again entered into a more bearish territory (if ever having left this region to begin with during the past few months).
(more…)

Poor performances for Gold and Oil trading circles

Tuesday, December 1st, 2015

Gold: A Long Winter Ahead?

The bears have once again taken centre stage in terms of online gold trading. However, this is not all bad news for short-term commodity investors.

One of the main reasons for relatively positive news is that it is now widely believed that the Federal Reserve of the United States will raise its interest rates.
(more…)

Oil and metal stocks open higher

Tuesday, August 17th, 2010

Brent and crude oil prices climbed to $75.6 early Tuesday morning, while both gold (+0.73% to $1225.50) and silver (+0.38 to 18.49) also traded higher.

Commodity stocks on FTSE 100 rises

Scottish oil company, Cairn Energy (LON:CNE), rose 5.32 % to £493.20 after announcingsale of their stake in London Stock Exchange-listed Vedanta Resources Plc.

Other commodity stocks rising early Tuesday morning include African Barrick Gold (LON:ABG), mining companies Xstrata (LON:XTA) and Kazakhmys (LON:KAZ).

Keep an eye on economic data from US housing today, which can impact commodity prices. (more…)