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Archive for January 30th, 2008

Russia’s billionaires join next big gold rush

Reuters 30-Jan-2008
By Robin Paxton
MOSCOW, Jan 30 (Reuters) - Russia’s metals billionaires are moving into gold, attracted by record prices and the prospect of carving a share of production that is forecast to rise 40 percent by 2015.
Six of the 10 richest Russians ranked by Forbes magazine own gold assets in a country with reserves second […]

Grupo Mexico sees 2008 copper output up 7.3 pct (Update 2)

Reuters, 1:48pm EST 30-Jan-2008
(Updates with further comments from Muniz, details on profit, outlook, paragraphs 5, 6, 8-11; adds byline)
By Mica Rosenberg
MEXICO CITY, Jan 30 (Reuters) - Grupo Mexico said on Wednesday its Southern Copper mining division would produce 635,000 tonnes of copper in 2008, 7.3 percent more than in 2007, as the giant Cananea mine […]

Commodity Prices

January 30, 2008
Gold N.Y. Spot $ 921.70
Silver N.Y. Spot $ 16.72
Lead LME Cash $ 1.2431
Copper LME Cash $ 3.2498
Zinc LME Cash $ 1.0487
Nickel LME Spot $ 12.45
Aluminum LME Spot $ 1.1932
Platinum […]