Which commodities sector to choose? Hottest resources recoveries
The most (and least) favoured subsectors in global mining and oil, during the past eight trading sessions, where nearly USD 700bn in market value has been recaptured (tables included).
Mining news: GLOBAL MINING
BHP won’t cut iron-ore output
SYDNEY (MarketWatch) — Global mining house BHP Billiton Ltd. (BHP:BHPNews, chart, profile, moreLast: Delayed quote dataAnalyst Create alertInsiderDiscussFinancials Sponsored by:, , ) said Monday it has no plans to cut iron ore output, or slow expansion
BHP Billiton says it has no plan to cut iron ore output
SYDNEY (MarketWatch) — Global mining house BHP Billiton Ltd. (BHP:BHPNews, chart, profile, moreLast: Delayed quote dataAnalyst Create alertInsiderDiscussFinancials Sponsored by:, , ) said Monday it has no plans to cut iron ore output, or slow expansion
BHP Billiton says it has no plans to cut iron ore output, expansions
SYDNEY (MarketWatch) — Global mining house BHP Billiton Ltd. (BHP:BHPNews, chart, profile, moreLast: Delayed quote dataAnalyst Create alertInsiderDiscussFinancials Sponsored by:, , ) said Monday it has no plans to cut iron ore output, or slow expansion
Rio Tinto forced to delay $10bn asset sale
Shares in Rio Tinto fell by nearly 10 per cent this morning after the global mining group said it would delay plans to sell $10 billion (5.74 billion) of assets amid the ongoing financial crisis. Rio Tinto had promised a total of $15 billion in
Gold: top metal, top stocks
Gold bullion ranks as the “best” underperforming metal, and listed gold stocks as the least underperforming of a battered global mining bunch.
Global mining stocks - the latest state of play
Everything is down; but listed producers of coal, oil, and gold have lost the least in market value; biggest losers include miners of nickel, copper, zinc, platinum and silver.
BHP bid ‘harmful’ to China
A TOP adviser to the Chinese Government has warned a $132 billion hostile takeover of Rio Tinto by global mining giant BHP Billiton would be harmful to China and unfair to the global economy. Xiaoye Wang, a senior adviser to the Chinese State Council and
No taste like liquidity for global mining stocks
As fears ease over the global credit markets crisis, the world’s top 40 mining and oil stocks clawed back nearly USD 400bn worth of market value in just three days.
Rio Tinto, GE team up on technology projects
WASHINGTON (AP) — Global mining giant Rio Tinto PLC and conglomerate General Electric Co. said Thursday they are partnering on two key technology projects to develop energy-efficient and ecologically-friendly solutions for the mining industry.GE and Rio
Rio
UNEMPLOYED youths demanding jobs torched vehicles belonging to mining group Rio Tinto at the weekend near its disputed Simandou iron ore mining project, said Reuters citing a spokesman for Rio Tinto. The global mining company is fighting to keep control
Commodity price downturn will spring skills
THE skills shortage in the global mining sector could ease if there is a sustained pull back in the prices of some of the major mineral commodities, said Bernard Swanepoel, the former CEO of Harmony. Swanepoel, whose new company To The Point is making a
Freeport-McMoRan’s stock falls on 2Q results
Miner Freeport-McMoRan’s stock falls as 2nd-quarter profit declines on lower sales volume DENVER (AP) — Shares of Freeport-McMoRan Copper & Gold Inc. dropped 6 percent Tuesday after the global mining company reported its second-quarter income slid 14
Anglo Pt
Global mining giant Anglo American is planning to invest $400m into a platinum mine in Zimbabwe, The Times reported Wednesday. The mine at Unki, central Zimbabwe, is set to be operational by 2010, the newspaper said, citing a spokesperson for the
Carroll on Sovereign wealth funds and impact on global mining
Anglo American CEO Cynthia Carroll makes some pertinent comments on the role sovereign wealth funds are beginning to play in the global mining sector. LONDON (Reuters) - Sovereign wealth funds from countries like China are shaping up as powerful rivals
The ‘age of infrastructure’ will gobble up physical commodities for years
A massive infrastructure build-out to support future growth of emerging markets, combined with a focus on infrastructure repair and replacement in G-7 nations, portends tremendous benefits to global mining. SAN FRANCISCO - A large, more urbanized
PwC report: ‘Mine* As good as it gets?’ Mike Roy, mining director, PricewaterhouseCoopers
In its fifth year of publication, the PwC report shows a few warning signs for the global mining industry. Interviewer: Alec Hogg MINEWEB: Mike Roy, mining director at PricewaterhouseCoopers, is with us now. I suppose it’s the fifth year, now, Mike, that
Mining CEOs on acquisition trail as they expect strong metals prices
JOHANNESBURG - CEOs of global mining companies are on the acquisition trail as they believe mining companies are still being undervalued by a market that has not fully grasped the story of China and other fast developing countries. Hugh Cameron, African
