JAKARTA, May 18- Freeport McMoRan Copper& Gold Inc said on Saturday that rockfalls were hampering rescue efforts after a tunnel collapse four days ago at its giant Indonesian copper mine, with hopes fading of finding alive any of the 23 still missing.» Read More
Nathaniel Rothschild, founder of NR Investments, tells CNBC that he has no personal agenda whatsoever and his only interest is recovering the money that minority shareholders lost at Bumi.
Samin Tan, chairman of Bumi PLC, tells CNBC that if Nathaniel Rothschild wins the coming EGM there will be years of litigation among various parties that will further destroy the value of Bumi.
HONG KONG, Feb 4- China shares climbed to a successive multi-month high on Monday, helped by strength in coal-related counters as investors welcomed local media reports of a new policy aimed at more sustainable mining practices.
NEW YORK, Feb 4- Potash miner Prospect Global Resources Inc won't open its first mine until at least 2015, but the American upstart is already upsetting the multibillion-dollar fertilizer industry where a few players control a crucial ingredient in the global food chain.
MELBOURNE, Feb 4- Australia's Aquila Resources Ltd has put a A $7.4 billion iron ore project on ice at least through June due to funding difficulties, as soaring costs and volatile commodity prices take a toll on new mine developments.
LEDIG, South Africa, Feb 1- China's scramble for resources is breaking new ground on South Africa's platinum belt. Wesizwe Platinum's Bakubung mine, which aims to start production in 2018 and churn out 350,000 ounces of platinum group metals a year by 2023, is China's first direct investment in the sector and it likely won't be the last.
*Mongolia concerned about soaring project costs at Oyu Tolgoi. *Mongolia looks to step up state ownership, taxes on mines. ULAN BATOR/ MELBOURNE, Feb 1- Rio Tinto faces tough negotiations next week in Mongolia, where the government is under pressure to plug a budget deficit and increase its share of the wealth from the $6.2 billion Oyu Tolgoi copper and gold mine.
*China's official PMI eases to 50.4 in January. SINGAPORE, Feb 1- London copper rose on Friday but stayed off four-month highs struck in the previous session as growing confidence about a global economic recovery overcame a tepid expansion in China's factory sector in January.
*China factory PMI shows mild rebound. Three-month copper on the London Metal Exchange closed at $8,290 a tonne, up from a close of $8,165 on Thursday when it touched a 3-1/ 2 month intraday high at $8,291.25 a tonne.
MEXICO CITY, Jan 31- Mexican copper miner and railroad operator Grupo Mexico said fourth-quarter net profit climbed 15 percent, helped by a more favourable exchange rate and improving copper prices on stronger demand from China.
SINGAPORE, Feb 1- London copper rose on Friday to hold near four-month highs struck the session before after China's factory output grew in January, bolstering confidence in a global economic recovery. *The most-traded May copper contract on the Shanghai Futures Exchange edged down 0.13 percent to 59,480 yuan a tonne.
*Sees 2013 EPS of $2.75- $3.25; Wall Street view $3.18. Jan 31- Potash Corp of Saskatchewan forecast a modest rebound in earnings for 2013, with key importers in China and eventually India resuming purchases of the crop nutrient potash, but the company's recovery will be more gradual than expected.
*Forecasts 2013 profit of $2.75- $3.25/ share; Wall Street view $3.18. Potash Corp, the world's biggest fertilizer company, reported a surprisingly large drop in fourth-quarter profit on Thursday and gave a first-quarter outlook below Wall Street's forecast.
*Forecasts 2013 profit of $2.75- $3.25/ share; Wall Street view $3.18. Jan 31- Potash Corp of Saskatchewan forecast a modest rebound in earnings for 2013, with key importers in China and eventually India resuming purchases of the crop nutrient potash, but the company's recovery will be more gradual than expected.
*China factory, U.S. jobs data due Friday may give more support. SINGAPORE, Jan 31- London copper rallied to a three-and-a-half-month peak on Thursday as a revival in U.S. consumer spending and a recovery in Europe's banks added to evidence of strengthening global economic growth.
*Copper eyes 2013 peak of $8,256.50 from Jan. 3. SINGAPORE, Jan 31- London copper held near its 2013 peak on Thursday as a revival in U.S. consumer spending and a recovery in Europe's banks added to evidence of a strengthening global economic recovery.
SHANGHAI, Jan 31- China's steel industry is the biggest in the world, accounting for about 47 percent of global production in 2012.. Following is a list of China's biggest steel mills by output in 2012. Output at most mills declined from the previous year, according to data from industry consultancy Custeel, citing the China Iron& Steel Association.
*Nine-month profit 21.9 bln yen vs loss of 37.3 bln yen a yr ago. TOKYO, Jan 31- JFE Holdings Inc, the world's fifth-biggest steelmaker, kept its forecast for full-year net income of 35 billion yen even as it swung to a profit for the first nine months, underscoring concerns over the global economy.
TOKYO, Jan 31- JFE Holdings Inc, Japan's second-biggest steelmaker, posted a nine-month profit on Thursday and kept its forecast for full-year net income of 35 billion yen as the global economic slowdown is keeping a lid on earnings.
BEIJING, Jan 31- China's steel association said it would support Brazil's Vale docking its giant Valemax ore carriers at Chinese ports if that would lead to a decrease in iron ore costs for its members.