mineral exploration project – commodity prices – mining stock- trade and market

The Indian-focused miner said aluminium production rose 7% while production of its most profitable product, zinc, rose 29% which helped it take advantage of rising metal prices.

Indian-focused miner Vedanta Plc saw record aluminium production in its fourth quarter and a 29 percent jump in refined zinc from its Indian operations, helping it take advantage of rising metal prices.

Output of refined zinc, the group’s most profitable product, was 194,000 tonnes in the fourth quarter ended March 2011 from its Indian mines, with production at its Skorpion Zinc mine in Namibia totalling...

Brazilian mining giant Vale’s second-quarter net profit surged on higher iron ore prices and stronger demand.

Vale, the world’s largest producer and exporter of iron ore and iron pellets, reported a second-quarter net profit of $US3.71 billion, up from $US790 million in the same quarter a year ago.

The miner, which is also the world’s second-largest nickel producer, said revenue for the quarter jumped 95.3 per cent to $US9.93bn, compared with $US5.1bn a year ago.

Prices for iron ore, which provides the bulk of Vale’s revenue, more than doubled in...

Australian Prime Minister Julia Gillard is likely to call an election on Saturday, broadcaster ABC reported on Friday, in a move that could seal the fate of the Labor government’s proposed mining tax.

The government aims to raise A$10.5 billion from 2012 under the watered-down 30 percent tax agreed by global miners BHP Billiton, Rio Tinto and Xstrata, but the conservative opposition has vowed to dump it.

Opinion polls published in Fairfax and News Ltd newspapers put Labor ahead of the conservative opposition at 52 percent versus 48 percent. For a Reuters poll trend, see:...

Goldcorp Inc. today reported gold production of 601,300 ounces at a total cash cost(1) of $289 per ounce for the quarter ended December 31, 2009. Fourth quarter adjusted net earnings(2) amounted to $182.7 million, or $0.25 per share, and operating cash flows before working capital changes(3) for the fourth quarter was $307.6 million or $0.42 per share. For the year, Goldcorp produced 2.42 million ounces of gold at a total cash cost of $295 per ounce, generating adjusted net earnings of $588.2 million or $0.80 per share and operating cash flows before working capital changes of $1.2 billion or...

Glencore International AG, the world’s largest commodity trader, will buy back a Colombian coal unit from Xstrata Plc, setting the stage for an initial public offering that may value the trading company at $35 billion.

Essar Group said its purchase of Trinity Coal Corp., the Indian company’s first overseas coal mine acquisition, will help lock in raw materials with...

TNR Gold Corp. is pleased to announce that it has engaged British Swiss Investment Corp. to undertake...

Yanzhou Coal is largest mining company in China, Yanzhou coal mining company has several coal mining exploration sites in the province of China. One of coal mining exploration site’s Yanzhou Coal in Shandong China Province.