UK MARKET TALK ROUNDUP: BROKERS COMMENTS
2nd Jul 2010 06:58
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0558 GMT [Dow Jones] It is not surprising that Australian government's mining super-tax has not progressed in its original f
Read moreAustralia's New Mining Tax Will Affect Only A Handful Of Companies
2nd Jul 2010 02:47
SYDNEY (Dow Jones)--The government's revised Minerals Resource Rent Tax released Friday greatly reduces the number of mining companies affected by the new tax compared with that of the original proposal. The plan will apply only to iron ore and coal and be applied at a rate of 30%, as opposed to
Read moreAnglo American's Chile Unit Signs Labor Contracts At 2 Mines
1st Jul 2010 19:49
SANTIAGO (Dow Jones)--The Chilean unit of global mining company Anglo American PLC (AAUKY, AAL.LN) signed new labor contracts ahead of legally mandated schedules at two of its local mines, the company said Thursday. By signing the contracts early at its Mantos Blancos and Mantoverde mines, the c
Read moreHEARD ON THE STREET: Vallar's Acquisition Challenge
1st Jul 2010 17:17
By Matthew Curtin A DOW JONES COLUMN For a well-connected financier like Nat Rothschild, raising at least GBP600 million for his new mining acquisition vehicle, Vallar, in the midst of a tough IPO market may prove the easy part. The challenge for the 38 year-old member of the banking dynasty
Read more2nd UPDATE: Posco, Kepco Bid For 2 Anglo Coal Assets -Sources
1st Jul 2010 07:22
(Adds details of companies' existing coal assets in Australia) By David Winning Of DOW JONES NEWSWIRES SYDNEY (Dow Jones)--A South Korean consortium of Posco (005490.SE) and Korea Electric Power Corp. (015760.SE), or Kepco, is bidding for two Australian coal assets being sold by Anglo
Read moreUPDATE: Posco, Kepco Bid For Anglo American Coal Assets -Sources
1st Jul 2010 06:49
(Adds details of assets, Anglo sales motive, Korean energy M&A target) By David Winning Of DOW JONES NEWSWIRES SYDNEY (Dow Jones)--A South Korean consortium of Posco (005490.SE) and Korea Electric Power Corp. (015760.SE), known as Kepco, is bidding for two Australian coal assets being so
Read morePosco, Kepco Bid Jointly For Anglo American Coal Assets- Sources
1st Jul 2010 05:52
By David Winning Of DOW JONES NEWSWIRES SYDNEY (Dow Jones)--A South Korean consortium of Posco (005490.SE) and Korea Electric Power Corp. (015760.SE), or Kepco, is bidding for two Australian coal assets being sold by Anglo American PLC (AAL.LN), people familiar with the matter said. Pos
Read moreUPDATE: Chile Collahuasi CEO: 2010 Output Steady Versus 2009
30th Jun 2010 20:19
(Updates with Collahuasi's CEO's comments about expansion plans and sustained copper demand from Asia.) By Anthony Esposito Of DOW JONES NEWSWIRES SANTIAGO (Dow Jones)--Chilean copper mine Dona Ines de Collahuasi aims to maintain the same level of production in 2010 as it did last yea
Read moreChile Collahuasi CEO Sees 2010 Output Steady Versus 2009
30th Jun 2010 17:39
SANTIAGO (Dow Jones)--Chilean copper mine Dona Ines de Collahuasi aims to maintain its levels of production steady this year versus production of some 535,000 metric tons in 2009, the company's chief executive Jon Evans said Wednesday. Earlier this year, the mine was forced to shut down for seve
Read moreLondon close: Flat finish
30th Jun 2010 15:56
A jumpy start on Wall Street did nothing to steady a volatile Footsie, but despite all the fluctuations the leading index finished hardly changed on the day. London lost 272 points in June, the third monthly decline in a row, and traded a range of well over 400 points. Miners ENRC, Kazakhmys and A
Read moreLondon afternoon: Miners spoil the party
30th Jun 2010 14:15
The Footsie turned south over the lunch time session as traders took note of the US stock futures market which indicates US markets will open mixed and miners took a turn for the worse. Anglo-Swedish drugs giant AstraZeneca is still the best performer after it received a favourable US ruling in it
Read moreVedanta Resources Free To Buy 74% Stake In Black Mountain
30th Jun 2010 08:44
LONDON (Dow Jones)--Vedanta Resources PLC (VED.LN), a diversified metals and mining major, said Wednesday that Exxaro Resources Ltd. hasn't exercised its pre-emption right to buy the 74% stake in Black Mountain and therefore Vedanta is free to buy the stake. MAIN FACTS: -Exxaro Resources, An
Read more3rd UPDATE: Court Backs Decision To End De Beers- Alrosa Pact
29th Jun 2010 15:51
(Adds Alrosa unavailable for comment.) By Mike Gordon and Robb M. Stewart Of DOW JONES NEWSWIRES Europe's highest court Tuesday upheld a commitment by diamond giant De Beers SA to halt purchases of uncut gems from Alrosa Co., a company that accounts for almost all Russia's rough diamond
Read more2nd UPDATE: Court Backs Decision To End De Beers-Alrosa Pact
29th Jun 2010 14:32
(Adds comment from De Beers and details.) By Mike Gordon and Robb M. Stewart Of DOW JONES NEWSWIRES Europe's highest court Tuesday upheld a commitment by diamond giant De Beers SA to halt purchases of uncut gems from Alrosa Co., a company that accounts for almost all Russia's rough diamo
Read moreUPDATE: Court Backs EU Decision On Alrosa Diamond Sales
29th Jun 2010 09:39
(Adds background to the case) By Mike Gordon Of DOW JONES NEWSWIRES LUXEMBOURG (Dow Jones)--Europe's highest court Tuesday backed a decision by Europe's antitrust regulator that accepted a deal from diamond dealer De Beers SA to reduce the amount of rough diamonds it buys from Russian supp
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