RIO DE JANEIRO, June 18- Brazil, a major producer of iron ore, gold, copper and other metals, unveiled a long-awaited bill to reform its 46- year-old mining code on Tuesday, proposing a doubling of the current top royalty rate and stricter rules for opening new mines.
RIO DE JANEIRO, June 18- Brazil, the world's second-largest producer of iron ore, unveiled a long-awaited bill to reform the country's 46- year-old mining code on Tuesday, proposing royalties of up to 4 percent, double the current rate. Murilo Ferreira, chief executive of Vale SA, the world's largest iron ore exporter, said the bill would hit miners hard.
RIO DE JANEIRO, June 18- Brazil, the world's second-largest producer of iron ore, unveiled a long-awaited bill to reform the country's 46- year-old mining code on Tuesday, proposing royalties of up to 4 percent, double the current rate. Murilo Ferreira, chief executive of Vale SA, the world's largest iron ore exporter, said the bill would hit miners hard.
MINA ZALDIVAR, Chile, May 30- High in Chile's bone-dry Atacama desert, mining engineer Enrique Miranda surveys a metal structure filled with a pungent mix of earthworms and woodchips. "That's lunch for the worms," says Miranda, an environmental supervisor who has worked at Barrick Gold Corp's Zaldivar copper mine for 18 years.
*Ford to end Australia production by 2016- reports. CANBERRA, May 23- Ford Motor Co is set to announce it is closing its two Australian auto plants and will cease production in the country by 2016 as it struggles with sliding sales, high costs and a strong Australian dollar, local media reported on Thursday.
MELBOURNE, May 21- A spate of profit warnings from Australian mining services firms suggests the country's "once-in-a-century" resources spending boom may have peaked sooner than companies, economists and policymakers had expected.
China's benchmark index out-performed the broader Asian market for a second straight session on Friday as investors cheered moves by the government to ease strict regulation while the rest of Asia's equity markets traded cautiously as concerns grew over a U.S. Federal Reserve exit from quantitative easing.
NEW YORK, May 14- A takeover of Mosaic Co is unlikely in the near term and would be affordable to only a handful of players, executives said in an interview on Tuesday.
Japan and Australia led gains as Asian indices ended mixed on Wednesday.
Disappointing Chinese gross domestic product (GDP) data led major Asian benchmarks lower on Monday, as investors fretted over slowing growth in China.
The Fast Money traders share their final trades of the day.
Tuesday, 18 Jun 2013 | 5:00 PM ETAhead of the Fed meeting, the S&P 500 appears headed toward 1,687, StockMonster's Guy Adami says.
Tuesday, 18 Jun 2013 | 6:40 PM ETYou say the name of a stock, and Mad Money's Jim Cramer tells you whether to buy or sell.