MARKET TALK: Chalco Down 0.3%; Most Smelters Loss-Making -CS
10th Jun 2010 03:40
0240 GMT [Dow Jones] Chalco (2600.HK) down 0.3% at HK$6.02 vs HSI down 0.2%, ignoring Australian Financial Review report Thursday that it's back in talks with Rio Tinto (RIO.AU) to jointly expand Queensland bauxite project in Queensland state, as report essentially confirms what Chinalco official to
Read moreMARKET TALK: Chalco May Ignore Queensland Bauxite Deal Report
10th Jun 2010 02:23
0123 GMT [Dow Jones] Chalco (2600.HK) may ignore Australian Financial Review report Thursday that it's back in talks with Rio Tinto (RIO.AU) to jointly expand Yarwun 2 refinery to process bauxite from Chalco's Aurukun project in Queensland state. Report essentially confirms what Chinalco official to
Read moreMARKET TALK: S&P/ASX 200 Up 0.8%, May Ease - Trader
10th Jun 2010 01:40
0040 GMT [Dow Jones] S&P/ASX 200 opens 0.8% stronger, led by resource stocks after reports of strong Chinese export data helped boost market late in yesterday's session, with BHP (BHP.AU) up 0.8% at A$37.44, Rio Tinto (RIO.AU) up 1.3%, Woodside (WPL.AU) up 1.7%. Stocks, however, could ease on broade
Read moreMARKET TALK: History Against One-Term Aussie Government -RBS
10th Jun 2010 01:00
0000 GMT [Dow Jones] Though history suggests Australian voters will be reluctant to show door to first-term Labor government--despite what recent voter polls suggest--RBS analysts note resource and energy stocks, such as BHP Billiton (BHP.AU), Rio Tinto (RIO.AU), Fortescue (FMG.AU) will be clear win
Read moreRio Tinto, Chinalco Consider Queensland Bauxite Deal - Report
9th Jun 2010 22:35
SYDNEY (Dow Jones)--Aluminum Corp. of China Ltd. (2600.HK), or Chalco, the listed unit of Aluminum Corp. of China, or Chinalco (ACH), is back in talks with Rio Tinto Ltd. (RTP) to jointly expand the Yarwun 2 refinery to process bauxite from Chalco's Aurukun project in Queensland state, Thursday's Au
Read moreUPDATE: Australia's Rudd: Mining Profit Tax Rate Is Right
9th Jun 2010 09:57
(Adds comment from industry body, mining executive) By Stephen Bell Special to DOW JONES NEWSWIRES PERTH (Dow Jones)--Australian Prime Minister Kevin Rudd said Wednesday that he is open to more discussions with miners on the country's proposed resource super profits tax, but insisted t
Read moreUK SMALLCAP ROUNDUP: Afnat Resources In JV With Rio Tinto
9th Jun 2010 09:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps AFNAT RESOURCES LTD. (AFNR.LN), an Africa-focused nickel, zinc and uranium miner, Wednesday said it agreed to enter a joint venture with mining giant Rio
Read moreAfnat Resources, Rio Tinto Team Up For Mozambique Exploration
9th Jun 2010 07:18
LONDON (Dow Jones)--Africa-focused nickel, zinc and uranium miner Afnat Resources Ltd. (AFNR.LN) Wednesday said it agreed to enter a joint venture with mining giant Rio Tinto Ltd. (RIO.AU) to explore for metals in Mozambique. The two companies will form a new joint venture company to manage and
Read moreMARKET TALK: S&P/ASX 200 Down 0.5%; Awaits China Data
9th Jun 2010 06:10
0510 GMT [Dow Jones] S&P/ASX 200 down 0.5% at 4361.8, hits 4355.5 as traders look ahead to China economic data before the weekend, with trade data due Thursday and IP, CPI, PPI, fixed asset investment data due Friday. Cyclicals remain under pressure, with Westpac (WBC.AU) down 1.5%, Macquarie (MQG.A
Read moreMARKET TALK: Monthly Iron Ore Pricing Shows Need For Swaps-FIS
9th Jun 2010 03:58
0258 GMT [Dow Jones] Chinese steelmakers, iron ore mining companies BHP Billiton (BHP.AU) and Rio Tinto (RIO.AU) making no comment on report in Metal Bulletin that some iron ore contracts being priced on monthly rather than quarterly basis but little reason to doubt report. Iron ore trader at one of
Read moreRio Tinto Seeks 20% Price Hike For 3Q Iron Ore To China -Report
9th Jun 2010 03:54
SHANGHAI (Dow Jones)-- Anglo-Australian resource giant Rio Tinto Ltd. (RIO.AU) has notified Chinese steelmakers that the price of iron ore for the July-September period will be raised some 20% from the previous quarter, the state-run China Securities Journal reported Wednesday. The price offer o
Read moreXstrata Details Australian Tax Payments Amid Resource Levy Row
9th Jun 2010 03:50
MELBOURNE (Dow Jones)--Xstrata Plc (XTA.LN) said Wednesday it paid an average effective tax rate of 40% in Australia from 2002 to 2009, rising to 48% in the past three years. Amid criticism from Australian Prime Minister Kevin Rudd that mining companies were exaggerating the impact of a proposed
Read moreMARKET TALK: S&P/ASX 200 Near Flat; Cyclicals Underperforming
9th Jun 2010 03:27
0227 GMT [Dow Jones] S&P/ASX 200 near flat at 4381.7 after bouncing off an intraday low of 4361.3. Offshore markets have pared some of their intraday falls, with Nikkei down 0.5%, S&P 500 futures down 0.2%. However, cyclical stocks are generally weak, with Westpac (WBC.AU) down 1.0%, BHP (BHP.AU) do
Read moreBHP, Rio Tinto Seek Monthly Contracts With Chinese Steelmakers-Report
9th Jun 2010 03:14
SYDNEY (Dow Jones)--BHP Billiton Ltd. (BHP) and Rio Tinto Plc (RTP) are offering monthly iron ore prices to Chinese steelmakers, just months after moving from an annual to a quarterly pricing regime, Metal Bulletin reported. The report Tuesday quoted sources at Wuhan Steel and Shagang Group, Chi
Read moreMARKET TALK: S&P/ASX 200 Down 0.2% In Choppy Trading
9th Jun 2010 01:45
0045 GMT [Dow Jones] S&P/ASX 200 down 0.2% at 4375.1 having retreated to 4367.0 in choppy trading after briefly hitting 4390.0. Westpac (WBC.AU), Rio Tinto (RIO.AU) and Westfield (WDC.AU) weighing on the market, with falls of 0.8%-1.2%, while QBE (QBE.AU), CSL (CSL.AU) and Telstra (TLS.AU) are up 0.
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