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Metals and Mining Diversified Metals and Mining

  • SAO PAULO/ TORONTO, Sept 21- Brazil- based mining company Votorantim Metais Holding SA filed on Thursday for an initial public offering in New York and Toronto, to tap into a wide base of investors betting on a long-term recovery in zinc, copper, lead and silver prices. Reuters first reported the plan on April 10, and said on July 12 that the base metals producer- which...

  • TORONTO, Sept 21- Canada's main stock index inched higher on Thursday morning as gains for heavyweight banking stocks offset declines for gold and base metal miners hurt by the U.S. At 10:27 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was slightly higher, up 16.85 points, or 0.11 percent, at 15,406.45 as investors bought into financial stocks,...

  • MELBOURNE, Sept 21- London metals came under pressure on Thursday after the Federal Reserved raised expectations of one more rate hike this year, lifting the dollar and raising prospects of higher costs for industrial metals. *LME COPPER: London Metal Exchange copper had slipped by 0.8 percent to $6,471 a tonne by 0150 GMT, following a slightly softer close in the...

  • **Germany's Thyssenkrupp and India's Tata Steel agreed on Wednesday to merge their European steel operations, creating the continent's No.2 steelmaker with revenues of 15 billion euros. **Japan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the...

  • **Germany's Thyssenkrupp and India's Tata Steel agreed on Wednesday to merge their European steel operations, creating the continent's No.2 steelmaker with revenues of 15 billion euros. **Japan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the...

  • LONDON, Sept 20- Volcan Investments, the family trust of the chairman of diversified miner Vedanta, on Wednesday said it was increasing its stake in Anglo American but did not intend to make a bid for the entire company. Anglo American declined to comment. Anil Agarwal has previously stated he has no plans to take over Anglo American, although his family trust is now...

  • TORONTO, Sept 5- Canada's main stock index fell on Tuesday as investors pulled back amid tensions over North Korea's nuclear program and as another hurricane threatened the southern United States. Teck Resources Ltd fell 6.7 percent to C $29.47 after Chinese sovereign wealth fund China Investment Corp, a cornerstone shareholder, sold a substantial chunk of...

  • VANCOUVER, Sept 5- A unit of Chinese sovereign wealth fund China Investment Corp, a cornerstone shareholder of Teck Resources Ltd, has sold around 41.5 percent of its stake in the Canadian miner, Teck said on Tuesday, sending its shares tumbling. CIC bought the equity stake in July 2009 for C $1.74 billion at C $17.21 a share, meaning if the stock was sold near market...

  • TORONTO, Sept 5- Canada's main stock index lost ground on Tuesday in a broad retreat led by financial stocks as bond yields fell, while gold miners gained and energy stocks perked up with a surge in oil prices and news of a deal in Alberta's oil patch. At 10:27 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 83.95 points, or 0.55 percent, at...

  • BEIJING, Aug 29- Beijing announced its latest arranged marriage by matching the country's top coal miner with one of its biggest utilities to create a global powerhouse worth $280 billion on China's Valentine's Day. After a months-long courtship, China's State-owned Assets Supervision and Administration Commission announced the deal to combine the...

  • Spotlight on Freeport's Indonesia deal

    Mining company Freeport-McMoRan has come to an agreement with the Indonesian government over its Grasberg mine. Barry Dawes of Martin Place Securities weighs in.

  • TORONTO, Aug 25- Canada's main stock index inched higher on Friday as gains for a string of financial stocks were partly offset by a plunge in Tahoe Resources Inc after a court upheld a suspension of the license for its Escobal project in Guatemala, one of the world's largest silver mines. Investors were buying into heavyweight financial stocks, which were up 0.3...

  • JOHANNESBURG, Aug 24- Copper rose to a near three-year high on Thursday on signs of stronger demand in top consumer China while inventories fell in London warehouses. Copper, which is up nearly 20 percent this year, has benefited from supply disruptions and declining stocks with firm demand from China also supporting. CHINA IMPORTS: July imports of refined...

  • JOHANNESBURG, Aug 24- Copper rose to a near three-year high on Thursday on signs of higher demand in top consumer China while inventories fell in London warehouses. Copper, which is up nearly 20 percent this year, has benefited from supply disruptions and declining stocks with firm demand from China also supporting. CHINA IMPORTS: July imports of refined copper...

  • *Three-month nickel on the London Metal Exchange gained 0.9 percent to $11,770.00 a tonne by 0125 GMT, after touching $11,825 overnight, the highest since last November. *The most-traded nickel contract on the Shanghai Futures Exchange rose 2.62 percent to 94,500 yuan a tonne, the highest since early March. *SHANGHAI COPPER: Shanghai Futures Exchange copper was...

  • BHP's earnings were also notable for a debt buyback that will help future cash flows, says Juerg Kiener, MD & CIO, Swiss Asia Capital, Singapore.

  • TORONTO, Aug 17- Canada's main stock index retreated on Thursday for a third straight day as U.S. political worries weighed on sentiment and a pullback in some base-metal prices drove down the materials group. The TSX is taking its cue from U.S. markets, said Paul Taylor, chief investment officer of fundamental equities at BMO Asset Management Inc. "It is a market...

  • TORONTO, Aug 17- Canada's main stock index edged higher on Thursday, as declines in mining stocks partly offset gains for several heavyweight banks and a jump in shares of Valeant Pharmaceuticals International Inc.. Valeant climbed 4.1 percent to C $18.63 after the company said it had resolved the concerns of U.S. authorities about its Bausch+ Lomb facility in...

  • *CEO Tom Albanese steps down at end of August. LONDON, Aug 15- Vedanta Resources is studying how to produce cobalt for use in batteries as the diversified miner becomes the latest company to seek exposure to an anticipated electric vehicle boom. Tom Albanese, who steps down as CEO of Vedanta at the end of August, said the excitement around electric vehicles had...

  • TORONTO, Aug 9- With a plump $3.1 billion pile of cash, Newmont Mining Corp is mulling a sweeter dividend to attract a broader shareholder base, a move that makes it an outlier in the still recovering gold sector. The two miners are also wrestling for top valuation, with Newmont's market capitalization of $19.3 billion just behind Barrick's $19.4 billion.