Ban on Zimbabwe’s blood diamond supported by UAE as well
Submitted by Kunal Kamat on Fri, 12/24/2010 - 15:18
Dubai Multi commodities Centre made a huge announcement on a very important issue that is been discussed on the world platform for quite some time now. It said that UAE will be joining in for the ban on the trade of `blood' diamonds that belong to the Marange fields from Zimbabwe.
Price decision today for Coal India IPO
Submitted by Gurpeet Singh on Mon, 10/25/2010 - 13:10
A conclusion on the issue cost for Coal India's initial public offering is at the moment anticipated on Monday. The authorized Group of Ministers (EGoM) regulated by the Union Finance Minister, Mr Pranab Mukherjee, will assemble here on Monday as in opposition to the prior intended meeting on Sunday to make a decision on the issue price.
Day 3 of Coal India IPO: two times oversubscribed
Submitted by Gurpreet Singh on Wed, 10/20/2010 - 14:57
Coal India, which is India's 3.5-billion-dollar sale of shares in state, was twice as oversubscribed in a day in front of the close up of the nation’s major ever stock propose, stock exchange figures demonstrated on Wednesday. Offers had been established for 1.29 billion shares which is 2.05 times the figure up for grasp.
SC rules stay order on Sterlite's shut down
Submitted by Gurpreet Singh on Mon, 10/18/2010 - 17:12
On Monday, Supreme Court ruled an extension of its interim stay order the the Madras High Court's verdict. As per it the Sterlite Industries were supposed to shut down their copper smelter plant in Tuticorin in Tamil Nadu.
Second week of December has been fixed as the time when the second level of hearing will be done by the apex court. Since then, the stay order will continue to be operative.
India seems to traverse bull market for Coal India IPO
Submitted by Aabid Hussain on Tue, 10/12/2010 - 16:40
The early public submission of the world's largest coal miner, Coal India, is most favorably to obtain USD 3.5 billion, much more than originally expected, controlled with a stock market rally and great interest in the company.
Newcrest hopes more profit after the Lihir takeover
Submitted by Faarooq Mehmood on Wed, 09/01/2010 - 08:16
After Newcrest mining company took over the management of Lihir Gold and the Chief Executive of Newcrest has also expressed his contentment over the deal. In a statement he has said that now the company is the
4th largest mining company in the world and 10th largest organization in Australia.
BHP Billiton’s net surges to 19.6 billion dollars
Submitted by Faarooq Mehmood on Fri, 08/27/2010 - 10:55
The Australian mining giant BHP Billiton has reported a nearly 70% rise in its annual profits because of the recovery in commodity prices. According to the figures released by the company, it has made a profit of 19.6 billion dollars in the 12 months till the end of June compared to its profit of 11.6 billion dollars of a year ago.
