|
|
| |
Zimbabwe seeks Chinese investment in gold mines |
|
| |
Zimbabwe, from its part, has now started inviting countries to invest in their gold mines. Recently, the government appealed to Chinese firms to invest in Zimbabwean mines, asking companies to ignore the country’s recent troubles. |
|
|
| |
Weak monsoon may drown India’s gold market |
|
| |
According to Met, monsoon is late and is expected to be below average for the first time in four years. This is potentially significant as the strength of the monsoon is obviously vital to the quality of the harvest and this in turn dictates the amount of funds that the farming community (which constitutes more than half the Indian population) gets when the harvest is in. Gold has traditionally been one of the primary purchases for the Indian agrarian population (although it is now having to compete to some extent with white goods, electronics and holidays), who typically account for between 60% and 70% of Indian gold purchases. A poor harvest will undermine gold buying and crop failures have already been reported. |
|
|
| |
Gold may cross $1,200/ounce! |
|
| |
Addressing a conference, Feng said the price of the precious metal may rise as the global recession and political instability in some parts of the world sustain its appeal as a haven investment. |
|
|
| |
Markets hit as risk appetite heading for the exit |
|
| |
Markets returned to risk aversion this week after another disappointing US employment report. Stock markets and commodities lost some of their recent gains and the Greenback recovered.
|
|
|
| |
Why China is stockpiling gold & base metals |
|
| |
The Chinese government is taking advantage of low metal prices to build strategic stockpiles. They are smart enough that they are not going to push the price up with their buying. Recovery in the West should dovetail with the Chinese buying so that the prices will not drop. The amount of actual commodities being bought for the stockpiles is small in relation to the total value of their reserves. |
|
|
| |
India gold demand hinges on good monsoon |
|
| |
The July-September monsoon, crucial to agriculture and rural incomes, has been delayed and is forecast to be at 93 percent of the long-term average. Demand for gold in India hinges on a good monsoon, which boosts farm output and rural incomes. |
|
|
| |
Hindalco shuts Novelis aluminium plant in UK |
|
| |
Slumping copper prices and demand had earlier forced Aditya Birla Minerals, another Hindalco subsidiary, to close its Mount Gordon copper mine at Queensland in Australia. |
|
|
| |
Diamond & jewellery sector lost most jobs |
|
| |
The most affected sectors were gems and jewellery, transport and automobiles where employment has declined by 8.58 per cent, 4.03 per cent and 2.42 per cent, respectively during the period (October to December 2008). |
|
|
| |
Govt likely to abolish CTT in upcoming budget : FMC |
|
| |
Commodity markets regulator, Forward Markets Commission on Friday said they expect the government to withdraw commodity transactions tax in the next budget. |
|
|
| |
IMF gold no worry! Bank on India, China demand |
|
| |
Because India is all set to import around 600 tonnes of gold in this year and China, as it claimed, is on a gold buying spree with already stocking up a huge quantity of the metal. Again, it has further plans of buying another $80 billion worth of gold this year. |
|
|
| |
Gold’s popularity soars in US, UAE |
|
| |
With the July 4 celebrations that mark the signing of the country’s Declaration of Independence approaching, jewellers say that the precious metal is popular among men in particular. |
|
|
| |
Railways plan freight corridor,1000MW power plant |
|
| |
Ministry of Railways will make use of the land bank for productive use by setting up several land mark projects. Among those mooted include Diamond Rail Corridors proect linking East and Western routes and a 1000 MW power plant in a tribal area |
|
|
| |
Steel consumption in EU down by 43%! |
|
| |
However, indicators suggested that the economic downturn could bottom out over coming months, European steelmakers’ lobby Eurofer said in its Economic and
Steel Market Outlook 2009-2010. |
|
|
| |
Railways to promote freight traffic, logistics parks |
|
| |
Very soon, a new policy would be unveiled to allow construction and operation of private freight terminals and multi-modal logistic parks, according to Railway Minister Mamata Banerjee. |
|
|
| |
Shell takes cut Skoda car across India for demo |
|
| |
Lubricants major, Shell is now taking its much admired Skoda World Rally Championship car, cut in half for demonstration of its oil's ability to clean the engine. The car was sliced into half with a 4-meter circular saw for a TV commercial to Shell Helix Ultra really works. |
|
|
| |
US lags behind in clean energy promotion: WWF |
|
| |
As Congress debates landmark energy and climate legislation, a new analysis released today finds the United States lags far behind most other G8 nations in building a clean energy economy and cutting greenhouse gas pollution. |
|
|
| |
No takers for platinum, prices to crash |
|
| |
South Africa is world’s biggest producer of platinum, which accounts for 35% of its mining output, and the second-biggest producer of palladium. Prevailing rand strength, combined with a subdued price outlook, would hit platinum companies and SA’s export earnings. |
|
|
| |
June jewellery sales soar in Abu Dhabi |
|
| |
Sales showed a huge gain of 30 per cent in June because of holiday buying. Expatriates, mainly Asians, take gold jewellery and gold bars as gifts back home every year in the summer. |
|
|
| |
Highlights : Railway budget 2009-2010 |
|
| |
Here are the highlights of the railway budget 200-2010 presented in parliament Friday by Railways minister Mamta Banerjee.
|
|
|
| |
CCS:The vital technology against carbon emissions |
|
| |
For CCS to fulfil its abatement-potential, we should have it installed at 90 per cent of all the coal and gas-fired power plants in OECD countries by 2050, and at half of those in non-OECD countries.
|
|
|
| |
Economic recovery not until the Fall of 2009: S&P |
|
| |
Recession has proven to be much longer and deeper than expected. Economic recovery will be delayed until fall of 2009, according to Standard and Poor's. The credit outlook for government sectors and financial institutions remains negative with continuing credit deterioration |
|
Gold
