Qiao Xing Universal Resources Inc. (XING), an emerging Chinese resources company headquartered in Huizhou, Guangdong Province, has announced that its wholly-owned subsidiary Chifeng Zhongtai Mining Co., Ltd. has signed a letter of intent with Chifeng Xingu Mining Co., Ltd., to acquire the 100% equity interest in Balinzuo Banner Xinyuan Mining Co., Ltd.. This is for [...]
Continue reading "Qiao Xing Universal Acquires Balinzuo Banner Xinyuan"
Tuesday, April 14, 2009
Breakwater Resources Ltd. declared that it has closed its previously announced public offering for gross proceeds of $20 million. For full story, click here
Continue reading "Breakwater Resources completed $20 mln unit offering"
Monday, April 6, 2009
By Leia Michele Toovey- Exclusive to Lead Investing News As the global economy arguably trots down the path to a recovery, the metals are diverging in prices due to differences in their fundamental dynamics. Lead was the second-best performer of the LME metals last quarter, coming in a few percentage points behind copper. Lead gained [...]
Continue reading "Lead and zinc positioned for recovery"
Sunday, March 8, 2009
By Leia Michele Toovey- Exclusive to Lead Investing News Lead and zinc prices both started 2009 strongly, but as the year has progressed lead’s better near term fundamentals have led it to continue as the more robust of the two metals. Zinc stocks on the London Metal Exchange have consistently risen; through the month of [...]
Continue reading "Lead and zinc fundamentals diverge"
Tuesday, January 20, 2009
By Leia Michele Toovey- Exclusive to Lead Investing News For the first quarter of 2009, the mantra of many lead and zinc miners is “survival”. After the price crash of 2008, many miners have gone underwater. This is forcing cutbacks, closures, acquisitions, and even some bankruptcies. There is no question that prices will rebound as commodity [...]
Continue reading "Survival of the fittest for lead and zinc miners"
Wednesday, December 3, 2008
India-focused mining group Vedanta Resources Plc said it would spend $250 million to buy back up to 10 percent of its shares, but said it would still have plenty of cash to pay for expansion programmes. For full story, click here
Continue reading "Mining group Vedanta launches $250 mln share buyback"
Thursday, November 13, 2008
China Shen Zhou Mining & Resources, Inc. posted its financial results for the third quarter ended September 30, 2008. For full story, click here For company’s website, click here
Continue reading "China Shen Zhou Mining & Resources posts Q3 Results"
Saturday, November 8, 2008
By Leia Michele Toovey – Exclusive to Lead Investing News At current price levels, approximately 50 per cent of the world’s zinc producers are under water. Zinc MZN3, mainly used as an anti corrosive in galvanized steel is currently selling for around $1,120.00 per tonne, less than half the metal’s January value. Lead prices are [...]
Continue reading "Output cuts and layoffs hit zinc and lead miners"
Thursday, November 6, 2008
Profit declined by 24.7% at India-focused miner Vedanta Resources in the 6 months to 30 September and earnings fell 7%. beacuse of the falling lead LME prices and rising input/energy costs. Anil Agarwal, chairman of Vedanta Resources, said: In these challenging and uncertain markets, the group has produced a strong performance and we continue to make progress on [...]
Continue reading "Vedanta Resources announces lower profit"
Saturday, November 1, 2008
By Leia Michele Toovey- Exclusive to Lead Investing News Shanghai zinc opened at its upside limit of 4 per cent on Thursday, chasing the stock rally in the US and London. The rally was inspired by a US rate cut causing a short term bubble in the commodity prices. Later, prices came back to reflect [...]
Continue reading "Zinc and lead chase stock rally"
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Wednesday, May 26, 2010