By James Regan and Nao Nakanishi SYDNEY/HONG KONG (Reuters UK) - BHP Billiton BHPBLT has matched takeover target Rio Tinto RIORIO with a near doubling in contract iron ore prices, ending months of talks and speculation it may get more. BHP said on Friday it had...
BHP Billiton has upgraded its Pilbara iron ore resource base in Western Australia by 46 per cent, and its ore reserves by 23 per cent.The WA iron ore operation mineral resource has been increased by 3.7 billion wet metric tonnes to 11.7 billion tonnes.The iron ore reserve has been...
By James Regan SYDNEY (Reuters UK) - Miner BHP Billiton BHP BLT raised estimated reserves at its biggest iron ore operation by a quarter on Tuesday, a day after rival Rio Tinto RIO set a lofty new benchmark price for the commodity. Rio RIO agreed a...
ALIX RESOURCES CORP. ("Alix" or the "Company") (TSX VENTURE: AIX)(FRANKFURT: 37N) and GEO MINERALS LTD. ("Geo") (TSX VENTURE: GM) announce today that a borehole license application has been submitted with regards to the companies' recently acquired potash claims along the Manitoba-Saskatchewan border and adjoining Potash North Resource Corp. to the...
Instantis, a leading provider of projectportfolio management software used by business process and IT leaders toimprove strategy execution and financial performance, announced todayrecord second-quarter and first-half revenue. Revenue grew 64% vs. thefirst half of 2007. The half-year results were boosted by a historicallyhigh Q2 performance in which sales grew 15%...
Prokhorov backs merger of nickel and aluminium miners to form a $100bn rival to a united BHP Billiton and Rio Tinto Russian billionaire Mikhail Prokhorov has called for the creation of a $100bn Russian mining champion, ahead of an intense boardroom battle with former friend and business...
HOUSTON -- BHP Billiton announced today that first oil and natural gas production has commenced from the Neptune development in the deepwater Gulf of Mexico. The single-column tension leg platform TLP is designed to handle up to 50,000 barrels of oil per day and 50 million cubic feet per day...
AITV 42.6p (up 1.5p, 3.6 per cent) Shrugs off bearish ABN Amro note to build on previous day's rally. AWM Morrison 254.5p (up 7p, 2.83 per cent) Supermarket sweeps up with backing from Shore Capital. ARio Tinto 5,600p (up 140p, 2.56 per cent) Rumours...
BHP Billiton has almost doubled the price it charges for iron ore, after a deal brokered with Chinese steel producers following lengthy and sometimes bitter negotiations. Chinese State officials said yesterday that they had agreed to a 96.5 per cent increase in iron ore prices charged by...
BRUSSELS AFP — The European Commission on Friday opened an in-depth antitrust probe into mining giant BHP's hostile takeover of rival Rio Tinto over "serious doubts" the deal could stifle competition amid soaring commodities prices. Europe's top antitrust watchdog said it would rule by November 2008 on whether...
BAGHDAD AFP — Iraq on Monday will award oil contracts to dozens of foreign companies in a bid to boost production that could also give multinationals a foothold in the country's huge but underdeveloped oil fields. The oil ministry is to hold a press conference to announce the...
LONDON AFP — Steel magnate Lakshmi Mittal, the biggest shareholder in ArcelorMittal, is considering entering the takeover battle for Anglo-Australian mining giant Rio Tinto, the Financial Times reported on Monday. Citing unnamed individuals familiar with the matter, the business daily said that Mittal was interested in securing larger...
ALIX RESOURCES CORP. ("Alix" or the "Company") (TSX VENTURE: AIX)(FRANKFURT: 37N) and GEO MINERALS LTD. ("Geo") (TSX VENTURE: GM) announce today that potash exploration permits have been applied for in Manitoba on the border of Saskatchewan. The applications cover an area of 1,536 hectares and are adjoining the recently acquired...
Iron ore prices double as China's largeststeel producer agrees to Rio Tinto price increase. The news followed DorexMinerals, Inc. (PINKSHEETS: DOXMF) (TSX-V: DOX) iron ore drill results onits Carmelita property in Chile. China's Baosteel agreed to a 96.5% hike in the cost of iron ore from RioTinto yesterday, which...
JAKARTA AFP — A nickel mining partnership between BHP Billiton and an Indonesian firm in a protected island paradise has "strategic" importance and should proceed, Indonesia's investment chief said Wednesday. Investment coordinating board head Muhammad Lufti said the 50-50 joint venture involved investments of around four billion dollars...
Rio Tinto secured a record 85 per cent increase yesterday to the price that China, it biggest customer, pays for its biggest product, iron ore, underlining China's desperation to secure raw materials to fuel its industrialisation and stoking fears that global inflation will continued unabated. The price...
Universal Uranium Ltd. (TSX VENTURE: UUL) is pleased to announce that it has contracted North Rim Exploration Ltd. North Rim of Saskatoon, Saskatchewan to provide an assessment as to the potential for discovering potash on the company's newly acquired claims in the St. Georges Bay Basin of Western Newfoundland. North...
Millrock Resources Inc. (TSX VENTURE: MRO) ("Millrock" or the "Company") announces that it will proceed with an 1,800 meter core drilling program at the Bluff prospect, Alaska. The program, which will consist of approximately 10 holes, is designed to confirm prior drill intersections and to expand the historical gold resource...
One of Rio Tinto's top iron ore concessions is under threat after the Guinea government revealed it was reviewing the $6bn project in Simandou, stating concerns over its legality. One broker said the move could "give wind to the sails" of BHP Billiton, the arch-rival that is...
Stock Market Alert's performance stock listincludes: Guyana Gold Corporation (PINKSHEETS: GYGC), Baidu.com Inc.(NASDAQ: BIDU), BHP Billiton (NYSE: BHP), Nabors Industries Ltd. (NYSE: NBR). Guyana Gold Corp. (PINKSHEETS: GYGC) continues to issue positive news, andthe company should have the attention of investors this morning. Thismorning, the company, a junior mineral exploration...
Articles 2008-06-11
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