Rio Tinto Ltd
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While losses in commodity currencies have remained relatively limited amid the recent rout in physical prices and resources-related stocks, investors could be in for a "rude shock."
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SYDNEY, April 29- Australian shares edged 0.4 percent higher on Monday morning led by the financial sector, but gains were capped by weakness in metals prices and disappointing U.S. first-quarter growth figures. Top lender the Commonwealth Bank of Australia.
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LONDON, April 26- Rio Tinto's Kennecott Utah Copper expects to begin transporting copper ore to the concentrator at its Bingham Canyon mine in the next few days, after a landslide forced it to stop operations. Kennecott is the second-largest copper producer in the United States.
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CONAKRY, April 27- Patrice Motsepe, the South African mining magnate and executive chairman of African Rainbow Minerals has plans to invest in Guinea's iron ore industry, he told reporters after meeting Guinea's president Alpha Conde on Friday.
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LONDON, April 26- Rio Tinto's Kennecott Utah Copper expects to begin transporting copper ore to the concentrator at its Bingham Canyon mine in the next few days, after a landslide forced it to stop operations. Kennecott is the second-largest copper producer in the United States.
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SYDNEY, April 26- Australian shares reversed earlier gains to finish the session 0.1 percent lower on Friday as the financial sector took a breather from a recent rally, offsetting advances made by miners on the back of strong metals prices. "The earlier buying momentum dried up," said Tim Waterer, senior trader at CMC Markets.
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SYDNEY, April 26- Australian shares reversed earlier gains to finish the session 0.1 percent lower, as financial sector took a breather from a recent rally, offsetting advances made by miners on the back of strong metals prices. Bluechip miners BHP Billiton Ltd. and Rio Tinto Ltd rose 2.8 percent and 2.1 percent respectively.
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SYDNEY, April 26- Australian shares rose 0.6 percent on Friday as strong metals prices boosted miners and Wall Street's gains lifted broader sentiment following positive weekly U.S. jobless data as investors continued to buy into high-yielding banks and telcos. Blue chip miners BHP Billiton Ltd.
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SYDNEY, April 26- Australian shares rose 0.2 percent on Friday as strong metals prices boosted miners and Wall Street's gains lifted broader sentiment following positive weekly U.S. jobless data. Blue chip miners BHP Billiton Ltd.
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While losses in commodity currencies have remained relatively limited amid the recent rout in physical prices and resources-related stocks, investors could be in for a "rude shock."
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BHP Billiton's new chief executive will take a pay cut as miners struggle with tougher market conditions, and has stripped out a layer of top executives.
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SYDNEY, April 18- BHP Billiton's new chief executive will take a pay cut as miners struggle with tougher market conditions, and has stripped out a layer of top executives who were overlooked for the top job and brought operations heads into his management team.
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SYDNEY, April 18- BHP Billiton said on Thursday that petroleum boss Michael Yeager would leave the company next month, as incoming Chief Executive Andrew Mackenzie stamps his authority on the company with a new senior management lineup.
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Japan and Australia led gains as Asian indices ended mixed on Wednesday.
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Disappointing Chinese gross domestic product (GDP) data led major Asian benchmarks lower on Monday, as investors fretted over slowing growth in China.
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PERTH, March 19- Global miner Rio Tinto Ltd said it expects iron ore prices to come under pressure in the second half of the year on slower growth in steel demand from top customer China and increased supply.
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*Argentina says scrapping project would violate contract. RIO DE JANEIRO, March 13- Brazil's Vale SA plans to sell the Rio Colorado fertilizer project in Argentina to recoup the $2.2 billion it has invested in the suspended potash mine, a source with direct knowledge of Vale's plans told Reuters on Wednesday.
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The iron ore shipping hub Port Hedland escaped the brunt of a powerful cyclone that swept across the northwest Australian coastline on Thursday, with emergency officials lifting evacuation alerts as the storm veered east.
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A powerful cyclone headed for Australia's Port Hedland, which handles a fifth of the world's seaborne-traded iron ore, stalled off the coast but was set to make landfall later on Wednesday.
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Australia's Fortescue Metals Group, the world's No. 4 iron ore producer, reported a 40 percent fall in first-half profit as the price of the steel-making ingredient fell sharply and costs rose.
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Global miner BHP Billiton appointed the head of its non-ferrous business as its new chief executive on Wednesday to replace Marius Kloppers.