2nd UPDATE: Vallar's London Flotation Exceeds Views -Rothschild
9th Jul 2010 21:22
(Adds further comment from Rothschild) By Alex MacDonald Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The London-listed flotation of Vallar PLC, a mining investment vehicle set up by a team of veteran mining executives and investors, has exceeded expectations, the investment vehicle's co-l
Read moreUPDATE: Vallar's London Flotation Exceeds Views -Rothschild
9th Jul 2010 17:27
(Adds further comment from Rothschild) By Alex MacDonald Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The London-listed flotation of Vallar PLC, a mining investment vehicle set up by a team of veteran mining executives and investors, has exceeded expectations, the investment vehicle's co-l
Read moreCORRECT(7/8):Rio Tinto CEO: 9% China GDP Growth Not Sustainable
9th Jul 2010 12:42
("Rio Tinto CEO: 9% China GDP Growth Not Sustainable," published at 2333 GMT July 8, misstated the context in which Tom Albanese was speaking in the second paragraph. The correct version follows:) LONDON (Dow Jones)--Chinese economic growth of 9% isn't sustainable, the chief executive of global
Read moreLondon open: Footsie up again
9th Jul 2010 08:57
London has started brightly buoyed by another strong performance overnight on Wall Street and a rash of upbeat company announcements. Miners are leading the way following the big gains in the US. Antofagasta, ENRC and Rio Tinto are the best performers. On the downside, National Grid, GlaxoSmithKlin
Read moreRio Tinto CEO: US Needs To Take Lead On CO2 Reduction
9th Jul 2010 02:06
LONDON (Dow Jones)--The U.S. needs to take the lead in developing a carbon dioxide emissions-reduction plan, Rio Tinto PLC's (RTP) CEO said Thursday. When asked for his views on Emissions Trading Schemes that reduce CO2, Tom Albanese said he wouldn't comment on any country-specific schemes, but
Read moreUPDATE: Rio Tinto CEO: Keen To Restart Australia Projects
9th Jul 2010 01:29
(Adds CEO comments on junior miners and the revised tax) LONDON (Dow Jones)--Anglo-Australian diversified miner Rio Tinto PLC (RTP) is keen to restart its Australian projects and will now review them with the new, revised tax proposal in mind, the company's chief executive said Thursday. "R
Read moreAustralian Rail Track Corp Joins Bid For Queensland Rail Coal Network
9th Jul 2010 01:28
MELBOURNE (Dow Jones)--The Australian government's national rail track operator Australian Rail Track Corp. said late Thursday that it will join the consortium of miners who have lodged a A$4.85 billion bid for Queensland Rail's coal track network. In a statement, ARTC said it will become a part
Read moreRio Tinto Cautious But Still Upbeat About 2010 - CEO
8th Jul 2010 21:00
LONDON (Dow Jones)--Global diversified miner Rio Tinto PLC (RTP) is cautious but still upbeat about 2010, despite current volatility in the global economy, the company's chief executive said Thursday. "While we remain cautious on the outlook, 2010 is shaping up well from Rio Tinto's perspective,
Read moreRio Tinto CEO Says Keen To Restart Australia Projects
8th Jul 2010 21:00
LONDON (Dow Jones)--Anglo-Australian diversified miner Rio Tinto PLC (RTP) is keen to restart its Australian projects and will now review them with the new, revised tax proposal in mind, the company's chief executive said Thursday. "Recent events remove the great uncertainty which had been holdi
Read moreUPDATE: Chinalco Mulls Purchasing Direct Minority Stake In Oyu Tolgoi
8th Jul 2010 04:37
(Updates with comments from Chinalco executive and Mongolian government official) By Alex MacDonald Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Aluminum Corp. of China is considering purchasing a direct minority stake in one of the world's largest undeveloped gold-and-copper mine deposi
Read moreMARKET TALK: S&P/ASX 200 Up 2%; Fades Despite Strong Jobs
8th Jul 2010 04:20
0320 GMT [Dow Jones] S&P/ASX 200 up 2% at 4339 after fading from 7-week high of 4354.9 despite strong jobs data, which pushed AUD/USD up to 0.8744 from 0.8643. S&P/ASX 200 faded alongside U.S. stock index futures, with Fibonacci resistance near 4350 more or less intact, although index is well above
Read moreMARKET TALK: S&P/ASX 200 Up 2.1% After Wall Street Surge
8th Jul 2010 01:32
0032 GMT [Dow Jones] S&P/ASX 200 2.1% at 4342.5, hits 7-day high of 4349.6, after S&P 500 surged 3.1% on Wall Street overnight. Financials, materials, energy leading broad-based gains, with banks up 2.6%-3.3%, BHP (BHP.AU) up 2.3%, Rio Tinto (RIO.AU) up 2.5%, Santos (STO.AU) up 2.3%. Industrials and
Read moreRio Tinto CEO: 9% China GDP Growth Not Sustainable
8th Jul 2010 00:33
LONDON (Dow Jones)--China's economy is more likely to grow at an average rate of 6% annually than 9% annually, the chief executive of global diversified miner Rio Tinto PLC (RTP) said Thursday. "I think 9% is not a sustainable target" for Chinese economic growth, Tom Albanese said at the Melbour
Read moreMARKET TALK: S&P/ASX 200 Offshore Leads Bullish; SPI Up 0.6%
8th Jul 2010 00:19
2319 GMT [Dow Jones] S&P/ASX 200 offshore leads bullish, with overnight SPI 200 futures up 28 points, or 0.6%, at 4375.0 after Wall Street rose for 3rd consecutive day, albeit on light volume. DJIA rose 1.2% to 10138.99, S&P 500 rose 0.9% to 1070.25, Nasdaq rose 0.7% to 2175.40. May consumer credit
Read moreChinalco Mulls Purchasing Direct Minority Stake In Oyu Tolgoi
7th Jul 2010 19:04
By Alex MacDonald Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Aluminum Corp. of China (ACH, 2600.HK) is considering purchasing a direct minority stake in one of the world's largest undeveloped gold-and-copper mine deposits. Canada's Ivanhoe Mines Ltd (IVN) owns a 66% stake in the Mongolia
Read more