Coal Mine Accident in Western Turkey
We are deeply sorry to hear about the deaths of 301 miners in a coal mine accident in western Turkey. We extend our deepest sympathy to the families and colleagues of the deceased. Soma Komur Isletmeleri is not a member of Euromines, however, whether a mining operation is a member or not, we are always […]
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BlackRock buys and sells Forge
BLACKROCK Group, the world’s largest asset manager, acquired a substantial holding in troubled mining services provider Forge Group – before selling out most of it at the end of last week. Forge had been queried by the Australian Securities Exchange for a run in its shares, which included a near-55% gain in just one day […]
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Weak Demand Dampens Growth Forecasts For Mining Equipment Makers
After a decade of steep and sustained growth, the mining equipment business is beginning a cyclical downturn, according to a new analysis by Lux Research. In 2013, capital spending in the mining sector is predicted to decline by 24% to $76 billion compared to the previous year. Caterpillar CAT -2.11%, the Peoria, IL-based maker of […]
Continue ReadingJoin forces for the EIP on Raw Materials
Brussels, 5th December 2013: The European Commissions’ Vice President Antonio Tajani today opened the European Innovation Partnership on Raw Materials (EIP RM) Annual Conference 2013. The aim of the Conference was to present the Strategic Implementation Plan of the EIP RM, and also the guidelines for the Call for Commitments of the EIP RM. In […]
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Mechel OAO Stock Getting Very Oversold
n trading on Friday, shares of Mechel OAO (NYSE: MTL) entered into oversold territory, changing hands as low as $3.10 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to […]
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