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» Read More
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.
Shares of mining giant BHP Billiton closed 4.9 percent lower in London on Tuesday after the group announced plans to spinoff businesses worth around $16 billion.
Most Asian bourses followed Wall Street higher on Tuesday, except Chinese and Indian shares which failed to track Asia-wide gains.
Rio Tinto reported a 21 percent rise in first-half profit on Thursday, beating market forecasts as it slashed capital spending.
Rio Tinto posted an 8 percent drop in first-quarter shipments compared with the previous quarter due to weather disruptions in Australia and Canada.
Australian billionaire Gina Rinehart has secured $7.2 billion in debt for her Roy Hill iron ore mining project.
Asian shares mostly saw subdued trade on Thursday, ahead of Friday's U.S. nonfarm payrolls report.