Oct. 14 (Bloomberg) -- The U.K.'s FTSE 100 Index staged its biggest two-day rally since at least 1984 as the U.S. prepares to invest about $125 billion in nine banks and higher commodity prices triggered a rally in energy and mining shares.
The mining and metal industry is bracing for months of price weakness as slowing demand in the US, Europe, Japan and some emerging markets, including China, is likely to push commodities such as copper into surplus.
Oct. 14 (Bloomberg) -- The U.K.'s FTSE 100 Index staged its biggest two-day rally since at least 1984 after the U.S. said it will invest about $125 billion in nine banks and higher commodity prices triggered a rally in energy and mining shares.
Oct. 14 (Bloomberg) -- The U.K.'s FTSE 100 Index staged its biggest two-day gain since at least 1984 after the U.S. said it will invest about $125 billion in nine banks and higher commodity prices triggered a rally in energy and mining shares.
Oct. 14 (Bloomberg) -- Guinea 's Mines Minister Ahmed Tidiane Souare said the country, the world's biggest exporter of bauxite, will continue with its program of revising mining contracts.
WE HAVE been told every now and then that mining industry will be our economic lifesaver. I am sure that with the looming global economic meltdown, we are going to hear more of this motherhood statement. Even as I agree that we have vast resources of precious minerals in the bowels of our earth, I am not about to buy that guarantee. Billions worth of gold had been dug from the mountain ranges of ...
PHILEX Mining Corp. has agreed to amend its share purchase agreement with First Pacific Co. of Hong Kong, but it will not recall its board resolution to remove Social Security System president Romulo Neri from its board, a company official said yesterday.
