Mining giant Xstrata has announced positive half yearly results for 2010. In fact the operating profit in its north Queensland copper division was announced at $167 million, much higher than the profits corresponding to the same period last year.
Newmont Mining Corporation (NYSE: NEM), one of the world’s largest gold producers, has announced second quarter adjusted net incomeof $377 million ($0.77 per share) compared to $211 million ($0.43 per share) in the prior year quarter.
Freeport McMoRan Copper & Gold Inc. (NYSE:FCX) has reported a 10% rise in its second quarter earnings.
Is the global economic slowdown finally slowing down China? It would seem that way if you look at the decline in imports of iron ore and copper in the month of June from Australia.
Macarthur Coal Ltd has had a good year and this reflects in its revised full year profit forecast.
SEMAFO has recently reported that it has updated its mineral reserves for its Mana Mine in Burkina Faso to total 1.7 million ounces.
The Labor Party has a new leader and the mining industry is already gaining across the Australian stock market. With Prime Minister Kevin Rudd being ousted by Julia Gillard the proposed Resources Super Profits Tax on the...
According to the Australian Bureau of Agricultural and Resource Economics (ABARE), next financial year is going to be boom time for the miners. ABARE expects the mining and energy exports to come to about $170 billion in...