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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Nev Power, CEO of Fortescue Metals tells CNBC why doesn't expect a drastic increase in new iron-ore supplies. He thinks prices will stay up in the long-term on stabilizing Chinese demand.
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*Dividend more than doubled from year ago to 98.5 cents per share. LONDON, March 12- Copper miner Antofagasta sought to brush off investor worries about short-term growth with better than expected 2012 dividends on Tuesday, as profits ticked higher in spite of lower copper prices.
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Chilean Miner Antofagasta will continue to focus on controlling its costs, including power and labor charges, as falling demand from China could lead to a further drop in copper prices.
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*Spending $5.5 billion over five years. March 8- Goldcorp Inc, Canada's second-largest gold mining company, has no plans to diversify away from gold into other metals and remains focused on increasing its gold output, Chief Executive Chuck Jeannes said on Friday. The shares were barely changed at C $33.65 on Friday morning on the Toronto Stock Exchange.
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JOHANNESBURG/ MARIKANA, March 7- The bloody first round of South Africa's mine union turf war is over and the clear winner on the platinum belt is the Association of Mineworkers and Construction Union. The violence that resulted included the killing of 34 striking miners by police near the Marikana mine run by platinum producer Lonmin in August last year.
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*Glencore 2012 net income down 25 pct. *Glencore takes $1.2 billion hit on 9 pct RUSAL stake. LONDON, March 5- A rise in profits from trading helped Glencore offset lower prices in 2012, with net income down by a quarter as the commodities group prepares to seal a $34 billion takeover of miner Xstrata.
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CNBC's Adam Bakhtiar looks at shares of Hong-Kong listed Rusal for the daily 'Stock in 60' segment after the world's largest aluminum producer reported a 63% fall in 2012 EBITDA.
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*Mining's altered landscape is theme of PDAC convention. TORONTO, March 1- The euphoria that dominated the global mining industry in recent years, when rapid Chinese growth sent metal prices soaring, is fully spent.
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LONDON, March 1- Global miner Rio Tinto has appointed investment banks Credit Suisse and CIBC to sell its majority stake in Canada's largest iron ore producer, two sources familiar with the matter said.
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*Glencore, Xstrata to report 2012 earnings on March 5. LONDON, March 1- Investors are hoping for clues next week on asset sales, cost cuts and future deals in store for commodities trader Glencore, as its $35 billion takeover of miner Xstrata nears completion.
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Renewed unease about sovereign and regulatory risk in Mongolia - triggered by a dispute between the government and mining giant Rio Tinto over the Oyu Tolgoi copper and gold project - is on the rise but shouldn't erode confidence among longer term investors in the mineral-rich nation.
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Molycorp is delaying its quarterly results and annual report as it has yet to determine the size of a goodwill impairment charge it will have to book in the fourth quarter, it said on Thursday.
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Chris Stott, Portfolio Manager at Wilson Asset Management says diversified miners will lead the rally on the Australian market this year. He adds that Rio Tinto is a turnaround story, and a good way to play the mining cycle over the next 12 months.
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As Leighton Holdings returns to profit in 2012, CEO Hamish Tyrwhitt tells CNBC why Australia's mining slowdown doesn't bother the firm thanks to rising commodity and infrastructure demand in Asia.
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*Adjusted profit C $0.61 vs Street view C $0.48. *Shares down 5.95 percent at C $34.46 on TSX. TORONTO, Feb 7- Teck Resources Ltd warned on Thursday that global economic uncertainty would weigh on demand for coal through the first half of 2013, sending shares of the diversified Canadian miner down more than 5 percent.
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NEW YORK- Hedge fund manager David Einhorn's Greenlight Capital sues Apple, saying the company needs to do more to unlock value for shareholders given its huge cash pile (APPLE-GREENLIGHT/, moving shortly, 400 words).
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TORONTO, Feb 5- Silver Wheaton Corp said on Tuesday it had signed a deal with Brazil's Vale SA to acquire a share of the gold produced at some of the mines owned by the diversified mining giant in Brazil and Canada for $1.9 billion in cash, and 10 million warrants.
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LONDON, Jan 25- Xstrata said on Friday its Las Bambas copper project in Peru would cost $5.2 billion, keeping to 2012 estimates as the miner prepares for a merger with Glencore that will see many of its growth projects come under scrutiny.
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Paul Trainor, Senior Portfolio Manager at Macquarie Private Portfolio Management says money could start flowing into the iron ore sector in the short term, as companies continue to work on cost reductions.
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Jan 17- Harry Winston Diamond Corp said on Thursday that a minority partner in BHP Billiton's Ekati diamond mine in northern Canada has filed a lawsuit to try to stop the top diversified miner from selling the project to Harry Winston.