Rio Tinto Exec: Wants Assurance Any Deal On Proposed Australia Tax To Hold Post-Election
30th Jun 2010 07:22
PERTH (Dow Jones)--Rio Tinto Ltd. (RIO.AU) Iron Ore Chief Executive Sam Walsh on Wednesday said he wants an assurance that any deal between miners and the Australian government over the proposed resource super profits tax will remain valid beyond a Federal election, which could be held as early as A
Read moreRio ups stake in Ivanhoe Mines
30th Jun 2010 07:20
Rio Tinto said it is exercising all of its Series A warrants which will increase the mining giant's ownership of Ivanhoe Mines shares by 7.3% to 29.6% and provide sufficient funds to Ivanhoe to continue the development of the Oyu Tolgoi copper and gold complex as scheduled. The Series A warrants
Read moreMARKET TALK: S&P/ASX 200 Offshore Leads Bearish; SPI -0.7%
30th Jun 2010 00:28
2328 GMT [Dow Jones] S&P/ASX 200 offshore leads bearish, with overnight SPI 200 futures down 30 points, or 0.7%, at 4232.0, after Wall Street suffered late sell-off as Moody's said it was considering cutting Spain's AAA credit rating because of weak economic prospects, challenging fiscal targets and
Read moreRio Tinto Boosts Stake In Ivanhoe Mines Through Warrants
29th Jun 2010 23:13
DOW JONES NEWSWIRES Rio Tinto PLC (RIO.LN, RTP) said it would exercise warrants to purchase shares of Ivanhoe Mines Ltd. (IVN, IVN.T), boosting its stake to 30% for about $393 million. Rio holds a 22% stake in the miner of Mongolian copper and gold deposits. It could take a stake of up to 4
Read moreAustralian Government Close To Mining Tax Compromise - Report
29th Jun 2010 22:42
SYDNEY (Dow Jones)--Australian Resources minister Martin Ferguson and Treasurer Wayne Swan were seeking support from miners including BHP Billiton Ltd. (BHP) Tuesday for a compromise deal on the resource super profits tax that could be announced as soon as today, says a report in Wednesday's Austral
Read morePRESS 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
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