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Copper mining profits open door to lower prices
2015-07-29 06:54:46| Apparel - Topix.net
The pain rippling through the copper market isn't yet threatening profits for most miners, and that could mean more tears for bullish investors. Even with prices near a six-year low, about 90 per cent of copper mines are profitable, meaning most producers have little incentive to reduce output, according to Standard Chartered.
Copper mining profits open door to lower prices
2015-07-29 02:23:10| Footwear - Topix.net
The pain rippling through the copper market isn't yet threatening profits for most miners, and that could mean more tears for bullish investors. Even with prices near a six-year low, about 90 per cent of copper mines are profitable, meaning most producers have little incentive to reduce output, according to Standard Chartered.
FTSE 250 movers: Mining and oil stocks in the red
2015-07-27 20:02:17| Food - Topix.net
Lonmin led the miners lower on the FTSE 250 after a downgrade from HSBC hurt the platinum producer's shares. HSBC downgraded the stock to 'hold' from 'buy' and slashed its price target to 82p from 222p.
AZ Mining to expand Hermosa land package
2015-07-25 02:55:44| Waste Management - Topix.net
The addition of the land package, which is adjacent to the Company's existing 154 acres of patented mining claims, will greatly enhance AZ Mining's surface lands for any future mining operations. Consideration for the acquisition will be the assumption of the environmental liabilities relating to the site that resulted from historic mining activity.
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My Top Metals And Mining Pick: Reliance Steel & Aluminum
2015-07-24 17:20:00| Steel - Topix.net
Caterpillar released disappointing earnings, where it missed on revenues and cut guidance. The whole metals and mining industry is down and has been under pressure for a long time because of a slowdown in China, low oil prices and low coal demand.
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