Diversified Metals and Mining
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China's MMG, OZ Minerals seen as likely bidders. MELBOURNE, May 10- U.S. private equity firm Carlyle Group has submitted a bid for Anglo-Australian miner Rio Tinto's 80 percent stake in the Northparkes copper mine in Australia, news agency Dow Jones said on Friday, citing a person familiar with the bid.
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China's MMG, OZ Minerals seen as likely bidders. MELBOURNE, May 10- U.S. private equity firm Carlyle Group has submitted a bid for Anglo-Australian miner Rio Tinto's 80 percent stake in the Northparkes copper mine in Australia, news agency Dow Jones said on Friday, citing a person familiar with the bid.
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SYDNEY/ MELBOURNE, May 7- Rio Tinto, the world's No.2 iron ore miner, is set to press on with plans to boost production at its Australian mines by a quarter in 2015, shrugging off pressure to slow spending and conserve cash as the commodity boom cools.
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SYDNEY/ MELBOURNE, May 7- Rio Tinto, the world's No.2 iron ore miner, is set to press on with plans to boost production at its Australian mines by a quarter by 2015, shrugging off pressure to slow spending and conserve cash as the commodity boom cools.
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Stephen Hogan of Novus Capital recommends picking up some BHP Billiton shares instead of leaving cash on the sidelines.
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For a graphic on the organisational chart from Glencore's own presentation, click on: http://link.reuters.com/juz77t. Chief executive of Glencore since 2002 and the combined company's largest shareholder, the South African masterminded the Xstrata deal.
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*Glencore begins "bottom-up review" of assets, projects. Glencore, now the world's fourth-largest diversified mining company, began trading in London a day after the group tied up the biggest acquisition in the sector to date. It unveiled a Glencore- heavy management team, keeping most of its divisional heads in place.
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Glencore, now the world's fourth largest diversified mining company, began trading in London a day after the group tied up the biggest acquisition in the sector to date.
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Copper's downward trend foreshadows a stock market collapse, according to Societe Generale's bearish strategist Albert Edwards, who said equity markets will riot "Japan-style."
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After years of on-off talks, Glencore's head Ivan Glasenberg gets to complete the $30 billion acquisition of Xstrata on Thursday, the mining industry's biggest takeover yet.
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*Glasenberg seen eyeing more deals, Anglo American. LONDON, May 2- After years of on-off talks, months of brinksmanship and often bitter negotiations, Glencore's head Ivan Glasenberg gets to complete the $30 billion acquisition of Xstrata on Thursday, the mining industry's biggest takeover yet.
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*Glasenberg seen eyeing more deals, Anglo American. LONDON, May 2- After years of on-off talks, months of brinksmanship and often bitter negotiations, Glencore's head Ivan Glasenberg gets to complete the $30 billion acquisition of Xstrata on Thursday, the mining industry's biggest takeover yet.
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CONAKRY, April 27- Patrice Motsepe, the South African mining magnate and executive chairman of African Rainbow Minerals has plans to invest in Guinea's iron ore industry, he told reporters after meeting Guinea's president Alpha Conde on Friday.
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TORONTO, April 23- Teck Resources Ltd reported a sharp fall in quarterly adjusted profit on Tuesday as sagging prices for coal and copper hurt Canada's largest diversified miner, whose CEO played down any major takeover moves. The stock cut its losses and was down 1.9 percent at C $25.52 on the Toronto Stock Exchange around midday.
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Brad Partridge, Portfolio Manager at Macquarie Private Portfolio Management says the way the market deals with Rio Tinto's huge iron ore production expansion is key to the direction of its shares.
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SYDNEY, April 17- BHP Billiton's focus on U.S. onshore oil drilling is starting to pay off with a 15 percent rise in liquids production in the latest quarter, as the miner drills new wells in its giant shale holdings in Texas.
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*Coal producers also hit by wave of labour militancy. JOHANNESBURG, April 15- Wage talks across South Africa's mining sector starting in May will be among the toughest ever with strikes a certainty given inflation, worker militancy and shrinking company margins.
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Philip Parker, CIO at Parker Asset Management says this is a good time for investors to start getting back into the diversified miners. He says their exposure to Asian growth is a big draw and he prefers BHP Billiton over Rio Tinto.
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*When: April 16, April 17 (BHP. SYDNEY, April 12- Mining and petroleum company BHP Billiton is set to report a rise in quarterly output from its petroleum division after producing more gas in the United States in response to higher prices.
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*Miners respite on China data, Alcoa results. LONDON, April 9- European shares held onto gains around midday on Tuesday as miners rose on higher metals prices after Chinese data strengthened demand prospects and after Alcoa kicked off the U.S. earnings season with a profit rise.
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Shares in Australia's Sundance Resources plunged 53 percent to a four-year low after the Africa-focused miner terminated a $1.4 billion takeover by private Chinese firm Hanlong Group.