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Materials and Metals

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  • Miner Xstrata Open to Merger Suitors: FT Tuesday, 11 Dec 2007 | 4:38 AM ET

    Xstrata, the world's sixth-biggest mining company, is open to talks with potential suitors, including Vale and Anglo American, the Financial Times said on Tuesday.

  • Lafarge to Buy Orascom Cement for $12.8 Billion Monday, 10 Dec 2007 | 12:36 PM ET

    France's Lafarge, the world's biggest cement maker, has agreed to buy Egypt's Orascom Cement for 8.8 billion euros ($12.81 billion) to boost its earnings and exposure to high-growth emerging markets.

  • Blackstone Denies Rio Tinto Bid Speculation Monday, 10 Dec 2007 | 11:58 AM ET
    Rio Tinto

    Private equity firm Blackstone Group on Monday denied speculation that it is planning a counterbid for Rio Tinto with a consortium believed to include China's sovereign wealth fund.

  • Rio Chief Says BHP Proposal "Dead in the Water" Thursday, 6 Dec 2007 | 11:54 PM ET
    Rio Tinto

    Rio Tinto Chief Executive Tom Albanese said on Friday BHP Billiton's $140 billion takeover proposal to assemble super mining house was now "dead in the water."

  • Striking Gold With Freeport-McMoRan Thursday, 6 Dec 2007 | 10:41 AM ET

    This company is the best way to play a sector that should be in bull mode for a long, long time.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • China's Baosteel Denies Bid for Rio Tinto Wednesday, 5 Dec 2007 | 8:10 PM ET
    Rio Tinto

    China's Baosteel group has no plan to bid for mining giant Rio Tinto and does not have the financial strength for such a bid, official Chinese media quoted Baosteel chairman Xu Lejiang as saying.

  • Euro Shares End Higher on Rate-Cut Hopes Wednesday, 5 Dec 2007 | 11:51 AM ET

    European shares gained 1.7 percent on Wednesday, snapping a two-day losing streak as banks and commodity stocks rose and a series of U.S. data releases soothed some concerns over the outlook for economic growth.

  • China's Baosteel Mulls Rio Tinto Bid: Report Tuesday, 4 Dec 2007 | 2:44 AM ET
    Rio Tinto

    Top China steelmaker Baosteel is weighing a bid to counter BHP Billiton's $125 billion takeover offer for Rio Tinto, Baosteel Chairman Xu Lejiang told a Chinese business newspaper.

  • BHP Pitches $30 Billion Buyback; Rio Unmoved Sunday, 11 Nov 2007 | 11:54 PM ET

    BHP Billiton on Monday mapped out its plan for acquiring rival Rio Tinto , promising to hand shareholders $30 billion via a share buyback if the deal goes through, in the hope of drawing Rio's board into talks.

  • BHP May Shed Petroleum Arm: Report Sunday, 11 Nov 2007 | 11:01 AM ET

    BHP Billiton, the world's biggest mining group, is considering the sale of one of its largest units, BHP Petroleum, to help finance a hostile takeover of Rio Tinto, the UK Sunday Times newspaper said.

  • Rio Tinto

    Investors seem sure that mining giant BHP Billiton will continue its $149 billion pursuit of Rio Tinto, a combination that would control more than one-third of the world's iron ore sales.

  • Rio Tinto Rejects BHP Billiton's All-Stock Offer Thursday, 8 Nov 2007 | 3:17 PM ET

    BHP Billiton has made a long-awaited bid approach to Rio Tinto in a move aimed at creating a $350 billion-plus mining giant, but Rio rejected the all-share proposal as too low.

  • 3M Profit Rises on Strong International Sales Friday, 19 Oct 2007 | 11:11 AM ET

    3M, whose products range from Scotch tape to optical films for liquid crystal displays, on Friday posted a 7.4 percent increase in quarterly profit, helped by strong demand in international markets.

  • European Stocks Close Higher on US Earnings Wednesday, 17 Oct 2007 | 11:33 AM ET

    Europe's major stock indexes closed higher Wednesday, following a mixed morning, as a strong set of earnings from the likes of Coca-Cola and JPMorgan boosted investor confidence.

  • Rio Shares Fall on Lower Third-Quarter Copper Output Wednesday, 17 Oct 2007 | 3:50 AM ET

    Rio Tinto said on Wednesday it had failed to arrest a decline in the United States and Australia in mined copper output, which fell 6 percent in the third quarter because of lower metal content in its ore, driving its Australian share price down.

  • BlackRock Says Global Mining Stocks are Undervalued Friday, 12 Oct 2007 | 4:37 AM ET

    1st paragraph of story should go here

  • New Operations Boost Vedanta Metals Production Wednesday, 10 Oct 2007 | 3:09 AM ET

    India-focused miner Vedanta Resources posted record production of most metals during the second quarter as new operations came on stream.

  • More Than 2,000 Miners Rescued From Gold Mine Thursday, 4 Oct 2007 | 10:23 AM ET

    More than 2,000 trapped gold miners in South Africa were rescued in a dramatic all-night operation, and efforts gathered speed Thursday to bring hundreds more to the surface.

  • BHP Billiton Upgrades Olympic Dam Ore Resource Wednesday, 26 Sep 2007 | 12:59 AM ET

    Global mining giant BHP Billiton on Wednesday upgraded the size of its total ore resource at the giant Australian Olympic Dam uranium, copper and gold mine by 75% to 7.7 billion tons.

  • CRH in Talks to Buy $3.5-4.5 Billion of Cemex Assets Monday, 17 Sep 2007 | 5:29 AM ET

    Irish building materials firm CRH is in talks with Cemex to buy U.S. and European assets worth up to $4.5 billion from the Mexican cement maker, the companies said on Monday.

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