ArcelorMittal S Africa To Lower Steel Prices, Sishen Surcharge
22nd Jun 2010 17:24
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 deliveries from July 1. -By Devon Ma
Read morePRESS RELEASE: S&P Affirms 'BB' Rating On Vedanta; Outlook To Positive
21st Jun 2010 10:38
The following is a press release from Standard & Poor's: -- Metals and minerals prices have rebounded after a severe downturn in 2008. -- Vedanta is on schedule to deliver its sizable capital expenditure program. -- We revised our outlook on Vedanta to positive from stable. At the sa
Read moreMARKET TALK: UBS Cuts Anglo American Price Target
18th Jun 2010 07:49
0649 GMT [Dow Jones] UBS cuts Anglo American (AAL.LN) price target to 3150p from 3250p. Says it has lowered its realized coal price forecasts for Anglo's South African coal assets, given the lag between spot and realized prices. Also says it had been too optimistic on copper earnings, and lowers cop
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
18th Jun 2010 07:49
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] 0649 GMT [Dow Jones] UBS cuts Anglo American (AAL.LN) price target to 3150p from 3250p. Says it has lowered its realized coal
Read moreChile Codelco Taps Former Collahuasi Executive As New CFO
17th Jun 2010 17:13
SANTIAGO (Dow Jones)--State miner Corporacion Nacional del Cobre de Chile tapped former Collahuasi executive Thomas Keller as its new chief financial officer, the company said. Keller will head the administration and finance department, which new chief executive Diego Hernandez recently created.
Read moreWhitehaven Says No Capital Raising Plans, Not Looking At Anglo American Coal Assets
16th Jun 2010 01:55
MELBOURNE (Dow Jones)--Whitehaven Coal Ltd. (WHC.AU) on Wednesday dismissed speculation it was considering funding a bid for some of the Australian coal assets of Anglo American Plc (AAL.LN) with a capital raising. The Australian Financial Review's Street Talk column reported the coal miner was
Read moreAsciano Signs 10 Year Coal Haulage Deal With Anglo American In Queensland
14th Jun 2010 23:47
MELBOURNE (Dow Jones)--Asciano Group (AIO.AU) said Tuesday it signed a 10-year coal haulage contract with Anglo American PLC (AAUKY) expected to generate revenue of more than A$775 million. The take-or-pay contract will see Asciano transport 16.5 million metric tons of coal a year, made up of an
Read moreLondon open: Miners move higher
14th Jun 2010 08:57
London has opened higher lifted by a late rally on Wall Street on Friday and a good showing by the miners this morning. BP is the worst performer this morning. The oil disaster in the Gulf of Mexico has now cost BP £1.1bn ($1.6bn) and the pressure on the oil giant is likely to intensify over the ne
Read moreEU OKs Eurovia To Acquire Tarmac Quarries In Four Countries
11th Jun 2010 08:20
BRUSSELS (Dow Jones)--The European Commission Friday cleared Eurovia, a unit of French concessions and construction company Vinci SA (DG.FR), to purchase the construction aggregates businesses of Tarmac, a subsidiary of mining group Anglo American PLC (AAL.LN), in Germany, France, Poland, and the Cz
Read moreFTSE 100 movers: BP continues to suffer
24th May 2010 15:02
BP's woes in the Gulf of Mexico are dragging down its peers and the Footsie. The oil disaster in the Gulf of Mexico has cost BP about $760m (£525m) so far and the under-fire oil giant faces being "pushed out of the way" if its clean-up operation doesn't do better. A week ago, the cost was estimate
Read moreFTSE 100 movers: Negative reaction to Man deal
17th May 2010 14:42
Footsie is having a positive day but hedge fund group Man is the main focus. The $1.6bn purchase of GLG Partners has knocked the Man share price making it the biggest faller on the index. The purchase price is equivalent to 6.75% of funds under management. This is thought by many to be a high pric
Read moreLondon close: Shares roar ahead after euro deal
10th May 2010 16:37
Markets were focused on the European debt crisis situation rather than the continuing political uncertainty here and, with European ministers having agreed a €720bn deal to prop up the euro, shares soared more than 200 points. Banks Barclays, Lloyds and Royal Bank of Scotland (RBS) all racked up do
Read moreSector movers: Banks and miners lead rally
10th May 2010 16:01
Banks are leading the advance on the back of the €720bn deal to prop up the euro agreed by ministers at the weekend. Barclays, Lloyds and Royal Bank of Scotland (RBS) all rack up double-digit percentage gains with Asia-focused bank Standard Chartered close behind. Market rumours suggest that RBS is
Read moreLondon afternoon: BP misses out
10th May 2010 14:18
It's almost a clean sweep among FTSE 100 constituents for stocks on the rise, with the notable exception of BP, which continues to be dragged down by mounting expenses for its oil spill clean-up. Banks are leading the advance on the back of the €720bn deal to prop up the euro agreed by ministers at
Read moreLondon midday: Surge continues
10th May 2010 12:43
Footsie has continued its upward surge on the back of a €720bn deal to prop up the euro agreed by ministers at the weekend. The three-year plan includes €60bn (£52bn) from all EU members, €440bn (£381bn) from the 16-nation eurozone and €220bn from the IMF. Footsie has bounded forward by over 5%.
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