PRESS RELEASE: Rio Tinto to exercise the Series A warrants in Ivanhoe Mines
29th Jun 2010 22:39
LONDON, United Kingdom, June 29 /CNW Telbec/ - Rio Tinto confirmed today that it has given notice to Ivanhoe Mines Ltd (Ivanhoe) that it is exercising all of its Series A warrants which will increase Rio Tinto's ownership of Ivanhoe shares by 7.3 per cent to 29.6 per cent and provide sufficient fund
Read morePRESS RELEASE: Rio Tinto to Exercise the Series A Warrants in Ivanhoe Mines
29th Jun 2010 22:30
LONDON--(BUSINESS WIRE)--June 29, 2010-- Rio Tinto confirmed today that it has given notice to Ivanhoe Mines Ltd (Ivanhoe) that it is exercising all of its Series A warrants which will increase Rio Tinto's ownership of Ivanhoe shares by 7.3 per cent to 29.6 per cent and provide sufficient funds
Read moreADR Report: Shares Fall On Concerns Over Europe, China
29th Jun 2010 21:53
By Adam Cancryn Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York dropped sharply Tuesday, driven by worries over European banks and reports of a slowdown in growth worldwide. The Bank of New York index of ADRs closed down 3.33% to 113.72. Europ
Read moreCoal Stocks Fall On Economic, Political Concerns
29th Jun 2010 16:19
By David Benoit Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--As the stock market tumbled Tuesday, the coal industry was at the front of the declines on renewed concerns about world-wide demand and political pressure from all corners of the globe. Concerns from Europe and China sparked mo
Read moreCoal Stocks Fall On Economic, Political Concerns
29th Jun 2010 16:18
By David Benoit Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--As the stock market tumbled Tuesday, the coal industry was at the front of the declines on renewed concerns about world-wide demand and political pressure from all corners of the globe. Concerns from Europe and China sparked mo
Read moreLondon midday: Footsie waves goodbye to 5,000
29th Jun 2010 12:06
Footsie fell below 5,000 as mining shares tanked in the morning session on concerns that China's economy is not likely to grow at the rate previously anticipated. US based research group the Conference Board said its China leading economic index rose just 0.3% in April, a sharp revision down from
Read more2nd UPDATE: Fortescue Claims Australia's Ex-PM Rudd Was Close To Resource Tax Compromise
29th Jun 2010 11:42
(Adds comments from Treasurer's office, Fortescue spokesman) By Ross Kelly Of DOW JONES NEWSWIRES SYDNEY (Dow Jones)--Fortescue Metals Group Ltd. (FMG.AU) dropped a bombshell Tuesday, claiming former Australian Prime Minister Kevin Rudd was close to striking a compromise deal with mine
Read moreUPDATE: Fortescue Claims Australia's Rudd Was Close To Resource Tax Compromise
29th Jun 2010 09:38
By Ross Kelly Of DOW JONES NEWSWIRES SYDNEY (Dow Jones)--Fortescue Metals Group Ltd. (FMG.AU) dropped a bombshell Tuesday, claiming that former Australian Prime Minister Kevin Rudd was close to striking a compromise deal with miners over its proposed resource "super profits" tax that includ
Read moreMARKET TALK: Former Aussie PM Close To Tax Compromise -Fortescue
29th Jun 2010 08:52
0752 GMT [Dow Jones] Fortescue Metals (FMG.AU) drops a bombshell, claiming that former Australian PM Kevin Rudd was close to proposing a compromise deal over proposed resource super profits tax with miners. The iron ore miner says it expected that Rudd was about to release a revised position on the
Read moreFortescue Says Australia's Rudd Was Close To Resource Tax Compromise
29th Jun 2010 08:30
SYDNEY (Dow Jones)--Fortescue Metals Group Ltd. (FMG.AU) said Tuesday that former Australian Prime Minister Kevin Rudd was close to striking a compromise deal with the mining industry over the government's proposed resource "super profits" tax before he was ousted by his own party and replaced with
Read moreINTERVIEW: ICMM: Miners Must Evaluate Ways To Soften Tax
29th Jun 2010 06:30
(This article was originally published Monday). By Rhiannon Hoyle Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Mining companies need to look at what they can bring to the table if they want to see Australia's planned super-profits tax softened, the president of the International Council on
Read moreMARKET TALK: S&P/ASX 200 Turns Positive After Early Dip
29th Jun 2010 01:49
0049 GMT [Dow Jones] S&P/ASX 200 up 0.3% at 4398.9, hits 4402.2 after early dip to 4370.5, but it's just drifting, amid a lack of fresh catalysts. Energy, materials, financials and telcos now leading broad-based strength, with BHP (BHP.AU) up 0.5%, Rio Tinto (RIO.AU) up 1.6%, Westpac (WBC.AU) up 0.7
Read moreMARKET TALK: Rio Tinto Shareholders May Vote Down BHP JV -RBS
29th Jun 2010 01:23
0023 GMT [Dow Jones] RBS analysts continue to believe that Rio Tinto (RIO.AU) shareholders will not vote for group's planned iron ore joint venture with BHP Billiton (BHP.AU) following a briefing with RIO CEO Tom Albanese. "The iron ore JV synergies were acknowledged but no comments on a potential c
Read moreMARKET TALK: Australian Miners Want Tax Deal Soon - Reports
28th Jun 2010 23:18
2218 GMT [Dow Jones] Despite PM Julia Gillard's truce with the mining sector last week over advertising over the mining tax, tensions still simmering with reports that if there's no progress made by as soon as the end of this week, the open dispute could be back on. The Australian newspaper quotes s
Read moreAustralia Miners Body Sets 2-Week Deadline In Tax Talks -Report
28th Jun 2010 22:33
SYDNEY (Dow Jones)--The Association of Mining & Exploration Companies has set a two-week deadline for a resolution to talks on the Australian government's proposed resource super profits tax, failing which it will resume its advertising campaign against the tax, says the Australian Financial Review
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