Court Backs EU Decision On Alrosa Diamond Sales
29th Jun 2010 09:00
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 supplier Alrosa Co. The decision by the European Court of Justice overturns a
Read moreKumba Refuses Company Access To Mine While Rights Disputes
28th Jun 2010 11:36
By Robb M. Stewart Of DOW JONES NEWSWIRES JOHANNESBURG (Dow Jones)--Kumba Iron Ore Ltd. (KIO.JO) is refusing to grant access to its Sishen mine in South Africa to a little known company that was awarded disputed exploration rights to the site by the government. A spokeswoman at Kumba, wh
Read moreZimbabwe Diamond Mining Still A Concern - De Beers Executive
27th Jun 2010 16:55
CAPE TOWN (AFP)--Zimbabwe's diamond mining remains a concern but the Kimberley Process watchdog hasn't agreed on how to act because the country isn't in a "blood diamond" conflict, an industry leader said Sunday. The international body failed last week to reach consensus on whether to allow Zimb
Read more2ndUPDATE:Vallar Eyes GBP600M Via London IPO For Mining Assets
25th Jun 2010 15:38
(Adds details.) By Alex MacDonald Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Vallar PLC, a mining investment vehicle set up by a team including Nathaniel Rothschild, former co-president of Atticus Capital and scion of the Rothschild banking dynasty, plans to raise GBP600 million throug
Read moreUPDATE: Vallar Seeks GBP600M Via London IPO For Mining Assets
25th Jun 2010 11:39
(Adds details.) By Alex MacDonald Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Vallar PLC, a mining investment vehicle set up by a team including Nathaniel Rothschild, former co-president of Atticus Capital and scion of the Rothschild banking dynasty, plans to raise GBP600 million throug
Read moreVallar Seeks GBP600M Through London Share Listing
25th Jun 2010 08:24
By Alex MacDonald Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Vallar PLC, a mining investment vehicle set up by a team including Nathaniel Rothschild, former co-president of Atticus Capital and scion of the Rothschild banking dynasty, plans to raise GBP600 million through a share listing on
Read moreLondon midday: Stocks off the bottom
24th Jun 2010 12:06
Leading stocks are off their lowest levels but the Footsie remains in the red with little hope of a boost in sentiment from Wall Street, where US stocks are expected to open moderately lower. Mining stocks are out of favour after an initially bright start. Early enthusiasm for miners was engendere
Read moreColombia Cerrejon Produced 15M-16M Tons Of Coal In 1H 2010
24th Jun 2010 01:25
CARTAGENA, Colombia (Dow Jones)--Cerrejon LLC, Colombia's largest coal mine, produced between 15 million and 16 million tons in the first half of 2010, the company's top official said Wednesday. Out of the company's total output for the period, five million tons of coal were shipped to Asia, Leo
Read moreColombia Cerrejon Produced 15M-16M Tons Of Coal In 1H 2010
24th Jun 2010 01:25
CARTAGENA, Colombia (Dow Jones)--Cerrejon LLC, Colombia's largest coal mine, produced between 15 million and 16 million tons in the first half of 2010, the company's top official said Wednesday. Out of the company's total output for the period, five million tons of coal were shipped to Asia, Leo
Read moreMARKET TALK: Miners Rise As Australian PM Reportedly Quits
23rd Jun 2010 13:25
1225 GMT [Dow Jones] Miners are on the rise in London after Sky TV reports that the Australian Prime Minister has agreed to resign from his post. Traders note that miners with links to the region are rallying hard. BHP Billiton is +0.6% and Rio Tinto is +0.8%. Furthermore, the FTSE 350 mining sector
Read moreMARKET TALK: Morgan Stanley Adjusts Targets On UK Miners
23rd Jun 2010 09:45
0845 GMT [Dow Jones] Morgan Stanley adjusts target prices on UK miners, following new quarterly commodity forecasts. "Although the order of magnitude of the earnings changes is lower than in previous quarters, we focus investors' attention on the relatively undemanding valuations." Raises African Ba
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
23rd Jun 2010 09:45
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] 0845 GMT [Dow Jones] Morgan Stanley adjusts target prices on UK miners, following new quarterly commodity forecasts. "Althoug
Read moreAnglo American Sees 2010 Chile Copper Production Below '09 Levels
22nd Jun 2010 23:04
LOS BRONCES MINE, Chile (Dow Jones)--With no new expansion projects coming online in 2010, the Chilean unit of mining and natural resources group Anglo American PLC (AAUKY, AAL.LN) will produce "slightly less" copper this year than in 2009, a company executive said Tuesday. Anglo American Chile,
Read moreChile Fin Min: Alternatives To New Copper Royalty Undesirable
22nd Jun 2010 20:54
By Anthony Esposito Of DOW JONES NEWSWIRES LOS BRONCES MINE, Chile (Dow Jones)--If Chile's Congress doesn't approve changes to the copper-mining royalty, the government will have to use alternative sources to partially finance earthquake reconstruction which will have undesirable macroeconom
Read moreUPDATE: ArcelorMittal S Africa Lowers Steel Prices
22nd Jun 2010 17:39
(Adds price changes, background.) JOHANNESBURG (Dow Jones)--ArcelorMittal South Africa (ACL.JO) said Tuesday that it will lower the prices of some of its steel products and reduce the Sishen surcharge due to a fall in international iron ore prices. The price reduction will take effect for de
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