Canadian Mining Company Expects Earnings to Hit Record
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Inco said that high commodity prices would more than offset a production decline caused by equipment breakdowns at plants in Ontario and Manitoba.
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Australian mining company WMC Resources Ltd. on Thursday forecast record profits for 2004 and announced plans to return up to 1 billion Australian dollars (US$761 million; euro570 million) to shareholders
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The profit is a record for Lehman Brothers and potentially augurs a good week for Wall Street earning reports.
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TORONTO (CP) - Canada&#39;s big banks, reporting year-end results over the next two weeks, will show a definite deceleration in growth, but analysts say they are still poised to ring up double-digit profit increases.
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BHP Billiton is set to reveal much higher-than-expected gold reserves at an Australian site, a report says.
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SYDNEY: BHP Billiton sees continuing strong demand for its products despite China&#39;s attempts to slow economic growth, putting it in a strong position to increase earnings after a record US$3.51bil net profit for the June year, up from the previous year&#39;s ...
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Oil services firm reports record profits but hints the fourth quarter won't be as rosy
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Platinum hit another record high on Tuesday on a weaker dollar and a power crisis in South Africa which halted mining production, while silver touched a 27-year high to track firmness in gold.
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SYDNEY, Australia (CNN) -- The world&#39;s largest diversified miner, BHP Billiton, has lifted net profit more than 80 percent to a record $3.51 billion on increased output for eight major products.
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A new reporting period for company earnings kicks into gear next week, giving investors a bit of hard data to chew on, and markets could be volatile if the price of crude oil stays north of &#36;50 a barrel.
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VANCOUVER - Soaring metals prices powered Teck-Cominco to a record third-quarter profit, the company said Monday. Teck said it made $120 million in the quarter (62 cents a share), almost eight times larger
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Chile's copper mining industry saw record earnings of $14.2 bn in 2004, partly due to strong demand from China.
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Global mining giant BHP Billiton posted the biggest net profit in Australian corporate history as soaring commodities prices and strong demand from China pushed net profit up 83 percent to 3.51 billion US dollars.
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Mining giant BHP Billiton, which aims to buy rival Rio Tinto, reports record half-year production levels.
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Gold hit its latest record on Monday, approaching $900 an ounce as investors sought protection against a potential U.S. recession and a weaker dollar, with Asian stocks steadying after recent sharp losses.
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Iamgold, a Canadian mining company, said that it would buy Cambior, a rival, for about 1.33 billion Canadian dollars ($1.2 billion) in stock, to create a gold mining operation with more than one million ounces of annual production. The deal will push Iamgold to the top of the midtier gold producers and comes six months after the miner bought Gallery Gold of Australia. ÂWe believe it sets the stage for us to join the senior ranks as we move forward in this company,Â IamgoldÂs chief executive, Joe Conway, left, said.
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The second-quarter report, a record for the firm, potentially augurs a good week for Wall Street earnings reports.