Showing Tag: " mining" (Show all posts)

NICKEL ASIA CORP (NAC) UNDER SIEGE!

Posted by jov3n- trader202 on Tuesday, October 4, 2011, In : Company Information

Nickel Asia Corp. (NIKL) said that it is suspending its mining operations and nickel ore loading activities at its Taganito Mine Corp. subsidiary in Claver, Surigao del Norte after it was “occupied” by an armed group of men. Pieces of mining equipment were reported burned and destroyed.

Communist rebels were said to be behind the series of attacks on mining operations in the province. The suspension of mining operations is a big blow for NIKL. It is expecting a significant increase in nick...
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HITTING THE IRON WHILE IT'S HOT

Posted by jov3n- trader202 on Thursday, September 29, 2011, In : Company Information

The Philippine market returned to action a day after being forced to suspend trading Tuesday on inclement weather spewing optimism right off the opening bell, racking up gains of as much as 216.03 points or 5.8% inside the first half-hour. From that point on however, profit-takers, driven by a hangover of pessimism on the fate of Europe, took control, pulling the measure lower. At the final bell, the gains had been pared to 154.90 points or 4.16% to 3,876.12.

Benguet Corp. (BC) approved the pr...
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THE SHINNING ORE-NICKELS OF NiHAO (Ni)

Posted by jov3n- trader202 on Friday, September 16, 2011, In : Company Information

Formerly Magnum Holdings, Inc., NiHAO Mineral Resources International, Inc. (NI) was incorporated on July 9, 1975. On June 28, 2007, the SEC approved the change in the Company's primary purpose from a holding company to that of exploration, development and operation of mineral properties and the mining of metallic and non-metallic minerals. The Company also subsequently changed its corporate name to NiHAO Mineral Resources International, Inc.

NI is engaged in mineral exploration, development, ...
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IN THE HANDS OF ATLAS

Posted by jov3n- trader202 on Monday, September 12, 2011, In : Trader202: Tips & Tricks

Atlas Consolidated Mining and Development Corp. (AT) value of shipment dipped slightly in August as total production decreased. Total mill throughput for the month amounted to 1.81 million tons, resulting in a production of 10,031 dry metric tons (DMT) of copper concentrate.

This is marginally lower than the 1.19m tons throughput and the 10,240 DMT produced a month earlier. Estimated revenues generated for the August shipment amounted to US$24.4m, or just 1.6% less than the US$24.8m recorded ...
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THE GOLD MINERS.

Posted by jov3n- trader202 on Thursday, September 8, 2011, In : Investing

In to the previous post about gold holdings, below is the data from Philex Mining Corporation (PX). One of the public listed company in Exchange Market under mining category. Last year, Manny Pangilinan bought major shares from price P25.00 and every body thinks that's already an overprice. As of Sept. 07 this year, selling of the company closed at 27.60/s. Who's laughing now?

The Company’s August value of production reached php1.476B the bulk, php886M (60%) were accounted for by gold (11,51...
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PRECIOUS METAL INVESTMENT

Posted by jov3n- trader202 on Friday, August 12, 2011, In : Trader202: Tips & Tricks

In the past, people have invested in gold or silver as a method for storing value when a currency was losing its value. But today, our currency is no longer backed by gold per se. It is backed by the gross domestic production of the nation. Now there are many other reasons people have for investing in these precious metals. For the last several years, the consumption of gold, silver, platinum and palladium has far exceeded its production. This is coupled by the fact that the market price of t...
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