Australia welcomes China report failed Chinalco deal (Reuters)

MELBOURNE (Reuters) Australia on Monday welcomed a report by China clearing Rio Tinto (RIO.AX) and the Australian government of blame for the collapse of a $19.5 billion tie-up between Chinalco and Rio Tinto last June. An Australian newspaper reported

Asian Shares Mostly Up; Investors Await Fed, BOJ Outcomes

By Shri Navaratnam SINGAPORE (MarketWatch) -- Asian stock markets were mostly higher Monday, but gains were modest as investors searched for fresh catalysts, with export stocks pacing the Tokyo market higher. Some investors were on the sidelines ahead of

OPEC faces stiff challenges

By Myra P. Saefong, MarketWatch TOKYO (MarketWatch) -- They appear quite content with current oil prices, but measuring energy demand and addressing a decline in output-quota compliance rank as two stiff challenges that members of the Organization of the

Market blamed for Chinalco-Rio failure

China is blaming market forces and a campaign by BHP Billiton Ltd for the failure of its planned $US19.5 billion ($A21.24 billion) investment in Rio Tinto Ltd last year, according to a report. The deal, which would have been the Chinese government's

Shares flat on weak offshore lead

THE stock market was flat at noon after weak leads from offshore. At 12:00 (AEDT), the benchmark S&P/ASX200 index was up 7.1 points, or 0.15 per cent, at 4825.2 points, while the broader All Ordinaries index had risen 7.5 points, or 0.16 per cent, to

Questions over teen's death in BCCL mine pit

Dhanbad, March 14: Days after 17-year-old Pankaj Goswami fell into a closed pit of BCCL's Putki Balihari colliery and could not be rescued, Dhanbad is on the boil over the question whether the teenager was unconscious and was buried alive. Residents of

Technical View of Whatâs Next for Precious Metals, Stocks and the Dollar

Last weeks price action unfolded just as we expected. Money poured into stocks with the focus being on small cap, banks and technology stocks. The fact that these sectors are showing strength while utilities, health care and consumer staples lag is a

Fortescue upgrades production targets for Solomon

Fortescue Metals has increased the annual production target at its Solomon iron ore mine in the Pilbara from 60 million tonnes to 100 million tonnes. However, the company also foreshadowed further expansions up to 160 million tonnes per annum in the

Australia welcomes China report failed Chinalco deal

* China clears Rio, Australia for failed Chinalco - report * China report blames economic forces for failed deal. (Recasts with Australia government, Rio, BHP comments) MELBOURNE, March 15 (Reuters) - Australia on Monday welcomed a report by China

China blames market forces, BHP for Rio deal collapse: report (AAP)

China is blaming market forces and a campaign by BHP Billiton for the failure of its planned $US19.5 billion ($A21.24 billion) investment in Rio Tinto last year, according to a report.

Bougainville Copper director's share awards vest

Source: News BitesBougainville Copper Ltd director Peter Taylor directly bought 2,283 Rio Tinto shares via vesting share awards, and had 1,717 conditional share awards lapse on March 12, 2010.He holds 10,219 shares, 20,591 options and 9,735 share awards

Ore plant approved (165)

COOS BAY -- More than 20 years, $29 million and 14 permits later, Oregon Resources Corp. finally has the go-ahead to begin construction on its Bunker Hill ore processing plant. The U.S. Army Corps of Engineers has issued the definitive operating permit,

Toho Zinc buys 11.7m CBH shares

Source: News BitesToho Zinc Co. Ltd bought 11,700,000 CBH Resources Ltd shares between March 5, 2010 and March 11 for $1,611,060 on-market, increasing from 252,060,463 shares (23.08%) to 263,760,463 shares (24.10%).STOCK DASHBOARD: March 15, 2010CBH

Arrow ‘may reject Shell bid’

Flashpoint: Gladstone, on the Queensland coast related stories Arrow may reject Shell bid Australian coalbed methane player Arrow Energy is reportedly set to reject a $3 billion bid for the company by a planned joint venture of UK supermajor and

UPDATE 1-S.Korea Feb LNG, coal imports jump yr/yr

SEOUL, March 15 (Reuters) - South Korea's imports of liquefied natural gas (LNG) jumped 21 percent year-on-year in February, customs data showed on Monday. South Korea, the world's second-largest LNG buyer after Japan, imported 3.4 million tonnes of LNG

Australia shares climb; iron ore, coal miners lead

MELBOURNE, March 15 (Reuters) - Australian stocks rose on Monday, propelled by coal and iron ore miners on growing hopes for strong settlements on contract prices for the year beginning in April. "The momentum is coming from the resources sector," said

Australia says welcomes foreign investment in iron ore

CANBERRA, March 15 (Reuters) - Trade Minister Simon Crean on Monday said Australia welcomed foreign investment in expanding its iron ore operations. Crean's comments follow a report on Monday that China had cleared Rio Tinto (RIO.AX

Chile's Codelco-Central mines halted in blackout

SANTIAGO, March 14 (Reuters) - Chile's state copper miner Codelco said its mines in the central part of the country were halted due to a widescale power outage in the country, a company spokesman told Reuters on Sunday. The miner's Codelco Norte division

Market opens little changed

The Australian share market has opened little changed this morning, after a mixed lead from Wall Street last Friday. Around 11am (AEDT) the All Ordinaries Index was 16 points higher to 4,848 and the ASX 200 was also up 16 points at 4,835. Mixed consumer

Australia welcomes China report on failed Chinalco bid

Chinalco had agreed on a $19.5 billion equity and asset tie-up with Rio Tinto (RIO.L: Quote) last February, which the Anglo Australian miner abruptly called off in June when it decided instead to raise money through a rights offer and form an iron ore

China clears Rio, Australia in failed Chinalco deal: report

Chinalco had agreed on a $19.5 billion equity and asset tie-up with Rio Tinto (RIO.AX: Quote)(RIO.L: Quote) last February, which the Anglo Australian miner abruptly called off in June when it decided instead to raise money through a rights offer and form

Vedanta plans to spin off $20bn aluminium division

The India-based mining group has drawn up plans to spin-off its $20bn (13bn) aluminium division. The new business, which could be spun off as early as this summer, would be the world's fourth largest alumunium producer. The move is expected to be the

Letters: RBS is blinded by its own corporate spin and greenwash

his response is published to announce that it is opening offices in Calgary, the commercial centre of the oil sands industry. Mr Cave claims that oil sands do not appear in the RBS loan portfolio. He needs to check the books. RBS is a market leader in

Aluminium privacy louvre screens available from Starport Constructions

Got a Question for Starport Constructions? Starport Constructions Fax: 02 9533 5071 34 Norman St Peakhurst NSW 2210 Visit WebsiteEnquire Now Aluminium privacy louvre screens maintain air flow while offering additional privacy Starport Constructionscan

Ruling sees Rinehart explode with rage

NOT OVER YET: Gina Rinehart with her daughter, Bianca. Picture: Theo Fakos Source: PerthNow WHEN Australia's richest woman, Gina Rinehart, discovered she had been stripped of her prized 25 per cent stake in the Pilbara's biggest unmined pile of iron ore,

China clears Rio, Australia in failed Chinalco deal: report (Reuters)

MELBOURNE (Reuters) China has cleared Rio Tinto (RIO.AX) and the Australian government of blame for the collapse of a $19.5 billion tie-up between Chinalco and Rio Tinto last June, an Australian newspaper reported from Beijing on Monday. Chinalco had

China's Premier Wen says foreign firms welcome

By MarketWatch BEIJING (MarketWatch) -- China Premier Wen Jiabao said Sunday that China welcomes foreign companies to legally operate in China and continues to welcome technology and management expertise from abroad. He said foreign companies are treated

Commodities: Gold Surprises With Big Fall

After rallying nearly & #36;US100 in two months, gold gave up some of those & #160; gains last week, taking many investors in the metal & #160;by surprise & #160;Gold briefly dropped below & #36;US1,100 an ounce on Friday, ending the week & #36;US30

OPEC not seen raising quotas in '10 output

VIENNA -- The Organization of Petroleum Exporting Countries, or OPEC, is "unlikely" to raise its assigned quota level in line with its current production level this year, Libya's top oil official said Sunday. "If whenever they (member countries) violate

Vedanta Resources plans to spin off $20bn aluminium division

Vedanta Resources, the mining group, could become the latest FTSE company to push for a demerger after property giant Liberty International unveiled plans last week to demerge into two businesses. The India-based mining group has drawn up plans to

Market blamed for Chinalco-Rio failure

China is blaming market forces and a campaign by BHP Billiton Ltd for the failure of its planned $US19.5 billion ($A21.24 billion) investment in Rio Tinto Ltd last year, according to a report. The deal, which would have been the Chinese government's

Today's Business Headlines

15-March-10 by AAP NAB confident of Axa deal The chief executive of National Australia Bank's MLC is confident the bank's plan to expand its wealth-management arm via a $13.2 billion bid for Axa Asia Pacific will succeed, despite the competition

Australian shares slightly higher, but Arrow falls

LOS ANGELES (MarketWatch) -- Australian shares meandered in early Monday morning action, reflecting limited market cues and a mixed closed for Wall Street's previous session. In the early minutes, the benchmark S&P/ASX 200 was up 0.3% at 4,830.0. The key

China clears Australia, miner

Stand-in Apple boss gets US$22m EU develops Greece plan Germany eyes bank restructure Argentina to restructure US$20bn in debt Greek woes boost aussie to 13-year high Lehman execs 'may have been negligent' Murdoch's birthday raises age

Goldcorp reports record 2009 production, aggressive growth strategy

Goldcorp Inc. is spending $40 million this year to develop its recently acquired El Morro gold-and-copper project in Chile, despite a dispute over ownership of the project with the world's largest gold miner. Goldcorp (TSX:G) chief operating officer

Mining veteran pursues manganese dream - Zibb.com

Company: Pallinghurst Resources Ltd (PLLHF) Jupiter Mines chair Geoff Wedlock was surprised at the rate of economic growth in China. Wedlock, who has a great deal of experience in the iron ore sector, claims the structure of supply for large Asian steel

Stocks open higher - just

The Australian sharemarket has opened little changed this morning after overseas equity and commodity prices rounded out last week relatively flat. Shortly after the market opened, the S&P/ASX200 index was up 3 points, or 0.06 per cent, at 4821.1 while

Oilsands Quest provides highlights of third quarter operational update and announces Chief Reservoir Engineer appointment

NYSE Amex: BQI CALGARY, March 10 /PRNewswire-FirstCall/ - Oilsands Quest Inc. (NYSE AMEX:BQI) ('OQI' or 'the Company') is evaluating the potential to develop its Axe Lake oil sands discovery in northwestern Saskatchewan using typical steam-assisted

Costly crash derails coal deliveries

A weekend train derailment in the New South Wales Hunter Valley is expected to cost the industry millions of dollars, with the rail line to the Port of Newcastle blocked until late tomorrow. A total of 120 metres of track was damaged when eight wagons

Vedanta may spin off aluminium project

MUMBAI: Vedanta Resources — the mining major owned by London-based tycoon Anil Agarwal — is likely to demerge a large aluminium project in Orissa into a separate entity to help the conglomerate get a better valuation for the aluminium business.

Patriot Is Winning Coal Stock: Poll

Stock quotes in this article: PCX , ANR , ACI , MEE , CNX , KOL , WLT NEW YORK (TheStreet) -- Patriot Coal(PCX) will stand to benefit the most from the bullish indicators for the coal industry, according to a recent coal-stock poll by TheStreet. More on

China opposes US demands for yuan revaluation

made it clear during a press conference marking the end of the country's parliamentary meetings that he did not think the yuan was undervalued and blamed the US for the deterioration in relations between the two superpowers. He made a renewed call for

Zuks unveils $606m Guinea iron ore float - Zibb.com

Nik Zuks has announced plans to float Bellzone Mining on the Alternative Investment Market in the UK in late March 2010. Zuks, who was involved in the failed Kingstream Steel iron ore and steel project, said the group's initial public offering would need

QLD mining companies, unions to thrash out a rail plan

15/03/2010 - Queensland mining companies and unions will meet on Monday to discuss an alternative proposal to the government's sale of Queensland Rail's coal freight assets. The government plans to float the company QR National on the stock exchange by

Belgium zinc giant Nyrstar makes boosted bid for CBH

15/03/2010 - Belgium zinc giant Nyrstar NV has made another tilt at Australian miner CBH Resources, boosting its original bid to $213.45 million. Nyrstar, one of the world's largest zinc producers, has made an upgraded takeover bid of 19.5 cents per

Cape Lambert sells a copper project in QLD for $135m

The stock closed up nine per cent, or four cents, to 48.5 cents, but reached an intraday high and six-week best level of 54.5 cents. Cape Lambert said it had agreed to sell the Lady Annie Project to Hong Kong's China Sci-Tech (CST) Holdings Ltd. The Lady

FMG Solomon expansion plan to 160Mt to cost AU$9.7b

Chief executive Andrew Forrest told an investment forum in New York that Fortescue planned an expansion to 160 million tonnes per annum (Mtpa) for the second stage of mining after a 60Mtpa first stage at its Solomon project in Western Australia's Pilbara

FIRB approves Macarthur takeover of Gloucester Coal

Australia's Foreign Investment Review Board had no objections to the deal, which valued the target at $668.81 million when launched in December, Macarthur said in a statement on Friday. Noble Group, Asia's largest commodities trading house, is

Inference of existence of arbitration agreement from correspondence

Facts Decision Comment In Trimex International FZE Ltd v Vedanta Aluminium Ltd(1) the Supreme Court made an important pronouncement concerning the scope of determination of the existence of an arbitration agreement from correspondence between the parties

Is new coal-fired power plant a gamble worth taking

Does Scotland need new coal-fired power stations? Today Peel Energy Ltd, owner of Ayrshire Power, will submit its plans for a new power station burning both coal and biomass beside the coal-handling terminal at Hunterston. It is the first application in