European Markets Fall On Economic Concerns
European markets fell Tuesday as investor confidence was weighed down by increasing concerns of the debt crisis affecting the euro zone.
Electric Cars Drive Demand For Lithium; FMC, Rio Tinto, Rockwood Stand To Gain
Growing global demand for electric cars could drive demand for lithium up by as much as 20 percent per year, benefiting chemical and mining companies such as the FMC Corp. (NYSE: FMC), Rio Tinto PLC (NYSE: RIO) and Rockwood Holdings Inc. (NYSE: ROC), according to Standard & Poor's Capital IQ.
Newly Elected Parti Quebecois Wants To Raise Mining Fees, Scaring Businesses
After seizing minority control of Quebec's legislature and premiership on Tuesday, the separatist Parti Quebecois is seeking to increase mining royalties and individual taxes, which could impact companies like Cliffs Natural Resources (NYSE: CLF), Rio Tinto Group (NYSE: RIO) and Xstrata Plc (London: XTA).
European Stocks Fall On Spanish Concerns
European markets fell Thursday as investor sentiment was weighed down by concerns of economic and financial instability in Spain worsening the euro zone economy.
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European Markets Rise On China Stimulus Measure Hopes
Most European markets rose Friday as investor sentiment turned positive on hope that China will announce stimulus measures after it reported that its economy continue to weaken.
Pre-Market Movers (Molina Healthcare, China TransInfo, Alcoa, Strategic Hotels, Bank of America, Barrick Gold)
Among the companies whose shares are moving in pre-market trading Friday are: Molina Healthcare, China TransInfo Technology, Strategic Hotels, France Telecom, Barrick Gold, Rio Tinto, Randgold Resources, Alcoa and Bank of America Corp.
Gillard Govt Passes 30% Australian Mining Tax
The new law, which has been the source of fierce battles between industry and government officials for two years, will affect around 30 companies, including international mining giants BHP Billiton, Rio Tinto and Xstrata.
Cars Without Drivers to be New Normal For Australian Ore Miner
Rio Tinto PLC, the world's second largest iron ore miner, is set to spend more than half a billion dollars automating cars, trains and trucks at one of its Western Australia mines so that they can be operated remotely.
Ivanplats to Produce Platinum at Negative Cost - Report
Ivanplats, controlled by Ivanhoe Mines founder Robert Friedland, expects to produce platinum at negative cost at its giant Platreef complex in South Africa, potentially shaking up an industry squeezed by stoppages, rising wages and power charges.
European Stocks Rise to Six-Month High
European stocks were up around midday on Friday, hitting a six- month high as investors cheered data that hinted the euro zone may avoid slipping back into recession, eclipsing a disappointing start to the earnings season.
Rio Tinto Becomes Majority Owner of Oyu Tolgoi
Global miner Rio Tinto has raised its stake in Canada's Ivanhoe Mines, owner of Mongolia's massive Oyu Tolgoi copper-gold project, to a majority holding but said on Tuesday it had no current plans to buy more shares.
Rio Tinto Clear to Take Over Mongolia Project After Ivanhoe Relents
Global miner Rio Tinto is clear to take over Mongolia's coveted Oyu Tolgoi project, which promises to be one of the world's largest copper-gold mines, after project owner Ivanhoe Mines decided to scrap a controversial poison pill.
Rio Tinto Hails End of Ivanhoe's 'Poison Pill'
Miner Rio Tinto, which owns a 49 percent stake in Ivanhoe Mines, welcomed a decision by the owner of the massive Oyu Tolgoi copper mine to scrap a poison pill provision, and said it was now free to raise its holding.
Harper to visit China, seeking higher oil sales
Prime Minister Stephen Harper plans to visit China next month as his government looks to open new markets for oil sands crude in the wake of Washington's decision to delay approval of a major pipeline from Alberta to Texas.
Europe's Markets Higher Tuesday at Mid-Day, Led By Mining Stocks
European stocks were higher early Tuesday afternoon, hitting a two-month high on sharp gains in cyclical mining shares, while simmering concerns over the Eurozone crisis sent French and Spanish markets lower.
Rio Tinto to Cut Quebec Smelter Output After Lockout
Rio Tinto Alcan will shut down about a third of the production at its 438,000-tonne Alma aluminum smelter in the Canadian province of Quebec after locking out hundreds of unionized workers in a contract dispute, it said on Sunday.
Europe's Markets Rise Tuesday at Mid-Day on German Economic Sentiment
European shares rose on Tuesday, bouncing from a steep sell-off in the previous session, though strategists said investors would need to feel more confident about a resolution to the Eurozone crisis before the market could break out of a recent range.
Rio Tinto May Buy Oyu Tolgoi Stakeholder - Arbitrator
An independent arbitrator cleared the way on Tuesday for mining group Rio Tinto Plc/Ltd to take over Ivanhoe Mines Ltd, saying the $16 billion Canadian group's poison pill defense was not valid.
Stocks, Euro Hit as Possible Europe Downgrades Loom
Asian stocks sank on Tuesday and the euro languished near a two-month low as investors took fright at the prospect of mass euro zone sovereign ratings downgrades after the outcome of a last chance European Union summit failed to convince markets.
Row over Copper-Gold Mine to be Resolved This Month - Ivanhoe
Ivanhoe Mines Ltd said it expects a ruling on an arbitration dispute with Rio Tinto, its largest shareholder, to be delivered within a couple of weeks.
Mozambique plans no local mine ownership targets
Mozambique has no plans to impose local ownership requirements on its mining industry and it will not seek overly high government stakes in mining ventures that could deter investors, its national director of mines said.
Oyu Tolgoi Project in Mongolia to be 70% Complete by Yearend
Ivanhoe Mines said on Monday that construction at its Oyu Tolgoi copper-gold project in Mongolia will be 70 percent complete by the end of 2011, with commercial production seen in the first half of 2013.
China Set on Changing Iron Ore Prices
China, the world's largest iron ore purchaser, has held talks with with Vale SA, Rio Tinto Group, and BHP Billiton Ltd. in order t set a new pricing system after a large crash in market prices.
Contract Iron Ore Prices Down
A slide in iron ore prices has driven miners to alter costly quarterly contracts to please Chinese clients, but spot pricing, which magnifies the impact of price swings, is still distant.
Guinea to use 35% of $700M Windfall from Rio Tinto on National Infrastructure
The government of Guinea will use 35 percent of a $700 million windfall from Anglo-Australian miner Rio Tinto to rebuild the mineral-rich West African nation's broken infrastructure, a Guinean official said on Sunday.
Top 10 Commodity Stocks 2011: What UBS is Advising Clients
Swiss investment bank UBS disclosed Friday its top 10 commodity stock picks, all of which fall into one of four categories, thermal coal, iron ore, gold and merger and acquisition opportunities.
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