BHP Billiton said it would cut its spending on shale drilling as it looks to meet its promise not to reduce dividends amid commodity price crashes.» Read More
NEW DELHI, Jan 12- Rio Tinto Ltd expects to start exporting Australian uranium to India in the next two years, its chief executive said, as soon as safeguards are in place to restrict its use to power generation. Modi and his Australian counterpart Tony Abbott sealed a deal in September for Australia to sell India uranium, in a show of international acceptance...
Asian equity markets raked in gains on Thursday, as the fall in oil prices abated, while a positive finish on Wall Street overnight lifted trading sentiment.
Asian bourses slid again on Thursday, as falling oil prices and a worse-than-expected machinery orders report from Japan reinforced jitters about a sluggish global economy
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Asian equity markets were mixed, as traders reacted to key economic data from Japan and China. Declining commodity prices also weighed on resource-heavy bourses in the region.
Nov 19- Miner Cliffs Natural Resources Inc may file for creditor protection in Canada to insulate itself from closure costs and liabilities at its Canadian operations, analysts said. On Wednesday, Cliffs said it might have to close its Bloom Lake iron ore mine in Quebec at a cost of up to $700 million as it struggles to find funds to expand the project.
Trading was mixed in Asia on Wednesday, as sentiment turned cautious amid concerns over the health of Japan - the world's third largest economy - and ahead of the release of the U.S. Federal Reserves' meeting minutes.
Asian bourses turned mixed late Tuesday, with Sydney and mainland indices under-performing on the back of a steeper-than-expected fall in China's new home prices.
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.
RIO DE JANEIRO, Oct 30- Vale posted a surprise $1.44 billion loss, and its shares tumbled to a 5-1/ 2- year low as investors worried about the cost of the Brazilian miner's expansion plans and a possible cut to its dividend in a new era of lower iron ore prices. Vale SA cited low iron ore prices and a weak local currency for the third-quarter loss. Vale is attempting to...
Rio Tinto said a strong third quarter and productivity gains led to a 12 percent rise in iron ore production as price volatility persists.
Rio Tinto rejected a merger approach from smaller rival Glencore to create a $160 billion mining and trading giant in August.
BHP Billiton aims to cut its iron ore production costs by more than 25 percent and squeeze more tons from its mines as it aims to overtake Rio Tinto.
Iron ore prices continue to drop, leaving investors with a key question: how much worse will things get before they improve?
Plans by top iron ore miners to knock out high-cost rivals with a flood of cheap ore have had some success, but are meeting resistance in China.
SANTIAGO, Sept 15- The union at the world's largest copper mine, Chile's Escondida, has called a strike on Sept. 22 and 24, aiming to paralyze activity in an effort to get improved working conditions, the union said on Monday.
The theory is that Alibaba is such a gigantic offering that it is reducing interest in other IPOs anywhere on or near the horizon.
Asian stock markets were mostly higher on Tuesday amid light volumes as markets in South Korea and Hong Kong were closed for the Mid-Autumn Festival.
Asian indices painted a mixed trading picture on Monday after a gathering of central bankers failed to give any clues about interest rates.