European equities turned lower Monday as a fall in the price of oil once again hit investor sentiment.» Read More
SANTIAGO, Feb 13- Chile's massive Collahuasi copper mine reactivated its main grinding mill on Friday after halting it earlier this week for minor maintenance work, the company told Reuters. Collahuasi, one of the world's largest copper mines, is a partnership between Glencore Plc and Anglo American Plc. Collahuasi produced 470,400 tonnes of copper last year,...
MELBOURNE, Feb 12- Global miner Rio Tinto handed shareholders a $2 billion capital return on top of a higher than expected dividend on Thursday, despite reporting its worst half-year profit in two years. Rio Tinto Chief Executive Sam Walsh, under pressure to please investors to ward off a renewed takeover approach from rival Glencore Plc, said he was confident...
European markets ended mixed on Wednesday after seesawing for much of the session, with indexes pressures by a staggering slump in Greek bank stocks.
European equities closed largely higher on Monday, as investors look ahead to Thursday's European Central Bank meeting.
Mining stocks sold off sharply on Wednesday, with Glencore falling to an all-time nadir, after copper plunged to a five-and-a half-year low.
Jan 13- Former Xstrata Plc Chief Executive Mick Davis is considering a bid for Vale SA's nickel business, the Bloomberg reported. Davis's investment vehicle X2 Resources values Vale's nickel business at $5 billion to $7 billion, Bloomberg said, citing two people, who asked not to be identified because the negotiations are private. X2 has raised about $4.8...
European shares closed mixed on Monday, with Greece struck by renewed political uncertainty after its politicians failed to agree on a new president.
European shares closed sharply higher on Friday after the U.S. monthly jobs report showed the economy adding 321,000 jobs in November.
TORONTO, Dec 3- Rio Tinto Plc's re-commitment to diamonds with a $350 million Canadian mine expansion has highlighted the prospects for a handful of smaller players boasting one of the sector's rarest commodities- new mines. Global consumer demand for diamond jewelry is forecast to grow at 4 to 5 percent annually, to $31 billion in 2018 from $25 billion last year,...
European shares closed lower Monday with the falling price of major commodities weighing heavily on the mining and energy sectors.
Global equity markets jumped on Friday morning after the Chinese central bank unexpectedly cut interest rates to boost its flagging economic growth.
European stocks ended the day in the green on Tuesday afternoon, after fluctuating throughout in the day.
Iron ore prices have dived this year and there's no respite ahead for the metal, according to Citi, which forecasts double-digit declines in 2015.
European stocks closed lower on Friday after the U.S. economy produced fewer than expected jobs in October and tensions in Ukraine flared.
European shares enjoyed a late-stage rally after better-than-expected economic data and in spite of worries over lackluster earnings.
BRASILIA/ RIO DE JANEIRO, Oct 16- An iron-ore mining company controlled by Brazilian tycoon Eike Batista filed for bankruptcy on Wednesday, the third time in a year that a unit of the former billionaire's EBX industrial group has sought protection from creditors. MMX Sudeste Mineracao SA, the company that made the petition, holds nearly all the significant...
JOHANNESBURG, Oct 14- South Africa's mines minister Ngoako Ramatlhodi said he was considering declaring certain minerals such as coal and iron ore as "strategic" for the country. If that bill is signed into law, then it will give the minister the ability to declare certain minerals strategic for purposes of industrialisation in South Africa, "he said.
RIO DE JANEIRO, Sept 30- Anglo American Plc said on Tuesday that it obtained a Brazilian license to start operating its long-delayed, $14 billion Minas-Rio iron ore mining project, which is expected to enable its first shipment of ore by year-end.
European shares closed down on Monday, with sentiment curbed by lower commodity prices as well as an profit warning from supermarket Tesco.
The prices of a range of commodities slid further Monday, dragging down stocks as investors feared more pain ahead for the asset class.