US Justice Department Requires Plant Sale In Amcor/Alcan Deal
10th Jun 2010 21:24
DOW JONES NEWSWIRES The U.S. Justice Department announced a deal that will require Amcor Ltd. (AMCRY, AMC.AU) to sell a North Carolina plant as a condition of acquiring the Alcan packaging business of Rio Tinto PLC (RTP, RIO.LN). The A$2.44 billion ($2.07 billion) deal will make Amcor one o
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
10th Jun 2010 16:12
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1512 GMT [Dow Jones] UK mining stocks rally following a newspaper report suggesting that Australian Prime Minister Kevin R
Read moreMARKET TALK: UK Mining Stocks Rally
10th Jun 2010 16:12
1512 GMT [Dow Jones] UK mining stocks rally following a newspaper report suggesting that Australian Prime Minister Kevin Rudd plans to announce revisions to the government's 40% mining tax. A trader says that if the news is correct, it would lead to a significant watering down of the tax. Meanwhile,
Read moreRio Tinto CFO: Recovery Strong But Short Term Volatility Seen
10th Jun 2010 12:12
LONDON (Dow Jones)--Global diversified miner Rio Tinto PLC (RTP) reiterated that it expects demand recovery in its key commodities to remain strong, but said it was cautious about short-term volatility in prices and demand. Guy Elliot, the chief financial officer for Rio Tinto, said in a present
Read moreNo Risk Of Coal Disruption From QR Derailment -Gladstone Ports
10th Jun 2010 05:46
SYDNEY (Dow Jones)--A derailment in the coal rail network linking mines in Queensland state's Bowen Basin to the port of Gladstone is unlikely to disrupt exports thanks to high stockpiles, the port authority said. The derailment on the Blackwater line has stopped coal movements since Tuesday, al
Read moreMARKET 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
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