India is still bullish on gold. This was evident when reports said India’s Reserve Bank is still in talks with the International Monetary Fund (IMF) to buy another 200 tonnes of gold which the international body is ready to dispose of to fund development projects.
Earlier this month, India bought 200 tonnes of gold from the [...]
China imported 405 million tons of iron ore so far this year, an increase of 30% from 2008.
Much of this iron ore came from Brazil—specifically from Brazil’s gargantuan iron miner Vale SA. Vale has ridden the commodity-to-China wave and has made a tremendous amount of money in the process. Its year-to-date stock price is [...]
The board of Emerging Voice perrenial favourite miner Vale has approved a bullish capex budget of US$12.9bn for 2010, an increase of 29.3% compared to the US$10bn invested in the 12-month period ended June 30, 2009, the company reported in a release.
“The investment plan continues to reflect the focus on organic growth as the priority [...]
This post from China News Wrap is significant, as it’s sourced locally from International Financial News, which is a Peoples Party owned newspaper.
China informs Australia that proof is irrefutable (sic) Basically the Chinese authorities are not going to back off, having been snubbed over the Chinalco deal. I reckon this will run & be [...]
Companhia Vale do Rio Doce (Vale) has recently been climbing back from lows caused by the severe drop in demand for its principle feedstock, iron ore.
However, there are signs that the Brazilian mining giant may be turning the corner, as the Baltic Dry Index (BDI) has begun to show some [...]