Industry News

Rio Tinto placed on trading halt - Reuters - Fri 03 Jul, 08:26 AM
WELLINGTON (Reuters) - Australian based mining giant Rio Tinto was placed on trading halt on Friday pending a material announcement, the New Zealand stock exchange said.

BHP to take £411 million writedowns - Reuters - Fri 03 Jul, 02:23 AM
SYDNEY (Reuters) - BHP Billiton , the world's biggest miner, retreated further from high-cost nickel operations on Friday, announcing the sale of its Yabulu nickel refinery in Australia to a local mining magnate.

BHP to take £413 million writedowns - Reuters - Thu 02 Jul, 11:28 PM
SYDNEY (Reuters) - BHP Billiton Ltd , the world's biggest miner, has agreed to sell its Yabulu nickel refinery to Australian mining magnate Clive Palmer for an undisclosed amount, BHP said in a statement on Friday.

Small caps round-up: Kalahari Minerals, Carpathian, Hardide... - ShareCast - Thu 02 Jul, 05:25 PM
Kalahari Mining said an independent assessment of its Rossing South Zone 1 uranium project has seen a resource and grade increase. "The 34% increase in resource for Zone 1 to 145 million lbs of U3O8 is fantastic news and in line with our estimates," said Kalahari's chairman Mark Hohnen.

Rio Tinto seals rights issue with help from Chinalco - AFP - Thu 02 Jul, 12:59 PM
Miner Rio Tinto said on Thursday that investors led by Chinese aluminium giant Chinalco had snapped up all its new London-listed shares, as it looks to raise 15.2 billion dollars (10.8 billion euros).

Rio Tinto says 97% of new London shares sold - AFP - Thu 02 Jul, 11:54 AM
Mining giant Rio Tinto said Thursday investors had bought 97 percent of the new London-listed shares issued by the group to help it raise 15.2 billion dollars (10.8 billion euros).

Rio Tinto sells 97% of new London shares - AFP - Thu 02 Jul, 11:28 AM
Mining giant Rio Tinto said Thursday investors had bought 97 percent of the new London-listed shares issued by the group to help it raise 9.29 billion pounds.

FTSE down ahead of U.S. jobs data - Reuters - Thu 02 Jul, 10:27 AM
LONDON (Reuters) - The top share index was down 0.7 percent at midday on Thursday, as equities fell broadly, led lower by energy and mining stocks which fell on retreating commodity prices ahead of key U.S. payrolls data.

Commodity weakness drives FTSE fall - Reuters - Thu 02 Jul, 08:10 AM
LONDON (Reuters) - Britain's top share index fell 1.3 percent early on Thursday, as equities fell broadly, led lower by energy and mining stocks which fell on retreating commodity prices.

Rio Tinto says 97 pct of new London shares sold 07:48 AM [ AFP ]
Q+A - China's negotiations with iron ore miners drag on 07:41 AM [ Reuters]
Market overview: Big day for blue chips 05:03 PM [ ShareCast]
European shares rise 2 percent 03:03 PM [ Reuters]
Commodities drive FTSE bounce 10:57 AM [ Reuters]

Hochschild increases Gold Resource stake 08:46 AM [ ShareCast]
Energy rally fuels FTSE's early gain 08:10 AM [ Reuters]
Xstrata sticks with Anglo synergies figure 08:08 AM [ ShareCast]
Hochschild ups stake in Gold Resource 07:49 AM [ Reuters]
Xstrata sticks with $1bn p.a. Anglo synergies figure 05:38 PM [ ShareCast]

Jubilee Platinum jumps on talks 04:18 PM [ ShareCast]
London midmorning: Footsie keeps gains 10:46 AM [ ShareCast]
Anglo American seeks to sell Brazilian assets 10:08 AM [ AFP ]
Big changes planned at Hochschild's Arcata site 07:59 AM [ ShareCast]
Former Southwestern Resources CEO admits fraud 10:05 PM [ Reuters]

Market overview: FTSE 100 down 27 05:08 PM [ ShareCast]
Market overview: Drift continues 01:56 PM [ ShareCast]
Xstrata resumes wooing Anglo 06:16 PM [ Reuters]
Xstrata pushes for merger with Anglo American 04:11 PM [ AFP ]
Consolidation rumours buoy Anglo 03:05 PM [ ShareCast]

Avocet sees gold output fall by a third 02:28 PM [ ShareCast]
Market overview: FTSE 100 up 4 01:00 PM [ ShareCast]
London midday: Miners give Footsie a leg-up 12:17 PM [ ShareCast]
Market overview: FTSE 100 up 14 11:13 AM [ ShareCast]
Market overview: Footsie in the red 09:15 AM [ ShareCast]

Avocet annual profit falls on lower output 06:50 AM [ Reuters]
Avocet annual profit falls 10 percent 06:48 AM [ Reuters]
London afternoon: Miners provide a lift 02:27 PM [ ShareCast]
Xstrata "disappointed" by Anglo American rebuff 12:55 PM [ AFP ]
South Africa says possible Anglo merger "unacceptable" 10:18 AM [ Reuters]

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