And let's be clear. Investors don't expect the airline to be simply profitable, but very profitable.» Read More
By the end of the third quarter, Colombia's coal production was 11.2 percent below output in the first nine months of 2012, the National Mining Agency said last week, a narrower gap than the 13.2 percent lower production in the first half.
BOGOTA, Oct 23- A stretch of the railway belonging to Colombia's biggest coal producer, Cerrejon, was bombed late on Tuesday, the second such attack in 10 days but one that would not have any immediate impact on exports, the company said in a statement.
Gold settled under $1,310 an ounce on prospects that the Fed will announce a modest reduction in its bond-buying stimulus at its two-day meeting.
SHANGHAI, Sept 17- Under a black-and-white framed photo of the New York skyline, a bottle of Moet& Chandon champagne cools in the private bridal salon at Tiffany& Co's flagship Shanghai store, while white roses and love poems set the mood for China's Romeo to pop the question to his Juliet.
European shares closed higher on Friday, despite investors' caution ahead of the Federal Reserve's meeting next week.
*Railway is key artery for Colombia's coal exports. BOGOTA, Sept 10- Workers at Colombia's main coal railway Fenoco, which transports about half of the country's coal exports, are negotiating with the company for better pay and improved benefits, their main union said on Tuesday.
European shares closed higher on Monday, with Vodafone leading the gains, as a deal to sell its stake of Verizon Wireless looks set to be completed, and following strong Chinese and European factory data.
RIO DE JANEIRO, Aug 30- Fifteen months ago, OGX Petróleo chief executive Paulo Mendonça was confident that the company he led was on track to become a major independent oil producer, an anchor for Eike Batista's vast Brazilian resource empire.
RIO DE JANEIRO/ SAO PAULO, Aug 15- Debt-ridden Brazilian tycoon Eike Batista is accelerating the breakup of his tottering energy, port and mining empire, ceding control to new investors as some of the companies he founded scramble for fresh capital.
SAO PAULO/ RIO DE JANEIRO, Aug 14- Brazilian tycoon Eike Batista agreed to cede control of port operator LLX Logistica to U.S. investment group EIG Global Energy Partners, one of the biggest steps in the breakup of his once high-flying energy and mining empire Grupo EBX.
European shares closed higher on Friday, boosted by mining stocks which received a lift from broadly positive Chinese data, as well as a strong performance from European bank stocks.
European shares closed down on Friday, ending the week with a slight loss, after a choppy trading session which saw Rolls Royce and Daimler drag European bourses lower following analyst downgrades.
Mark Cutifani, CEO of Anglo American, tells CNBC that the company is making reductions because they are needed for longer-term efficiency.
Mark Cutifani, CEO of Anglo American tells CNBC that he doesn't think it's smart to increase volume in the current market.
There is significant opportunity to reduce costs and improve productivity in the mining industry, Mark Cutifani, chief executive of Anglo American, told CNBC on Friday.
*Strike could cut Colombia coal output nearly a third. BOGOTA, July 18- Eleventh-hour talks on Thursday between U.S. coal miner Drummond and a workers union in Colombia have achieved nothing, a union leader told Reuters, making strike action at the country's No. 2 coal producer increasingly likely.
*Q2 Copper output climbs 14 percent. LONDON, July 18- Anglo American posted an unexpected rise in copper production in the second quarter, a bright spot in an otherwise tough three months for the miner, which is set to unveil a major strategy review next week.
SÃO JOÃO DA BARRA, Brazil, July 11- As Brazilian billionaire Eike Batista breaks up his crumbling EBX Group industrial empire to pay off debt, one of the few assets he's expected to keep is port-development company LLX Logística SA.
SANTIAGO, June 14- Workers at Chile's Collahuasi have voted to approve a new, early contract proposal, the union told Reuters on Friday, calming fears of labor unrest at the world's third-largest copper deposit. Under the new four-year contract, workers will receive a 3.5 percent salary increase, a roughly $31,900 bonus and a loan worth $6,000.
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.