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- Rio Tinto to lay off 14,000 worldwide
- COPPERTON -- Mining goliath Rio Tinto Group, parent company of Kennecott Utah Copper, said Wednesday that it plans to reduce its net debt by $10 billion by the end of 2009 and cut 14,000 jobs worldwide. "We will have to identify some jobs for reductions. There will be...
- Research articles 2008-12-11
- Falling London prices hit home at Persimmon
- MARKET REPORT THE housebuilder Persimmon took another drubbing as further grim news from the housing market took its toll. The latest Rightmove house price survey did the trick, reporting prices in London were now starting to tumble in line with the rest of the country...
- Research articles 2008-08-19
- MINERS' MERGER MANIA
- Such are the rewards offered by the global commodities boom that miners will pay almost any price to acquire their rivals. Cliff Feltham reports on yet more consolidation in the sector Few expect the platinum producer Lonmin to escape the clutches of Xstrata, which last week stormed...
- Research articles 2008-08-12
- BHP in deal with China to raise iron ore price
- 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 the...
- Research articles 2008-07-05
- London
- WORLD MARKETS The FTSE 100 slid 1.5 per cent to end its worst week since early February as miners and oil shares weighed, though Cable & Wireless rose on upbeat broker views. The blue-chip gauge closed down 94.3 points at 6,087.3, for a weekly loss of 3.4 per...
- Research articles 2008-05-24
- London
- WORLD MARKETS The FTSE 100 closed 2.9 per cent lower - down 184.9 points at 6,191.6 - for its biggest one-day fall since mid-March, as investors dumped overheated mining stocks. Antofagasta, BHP Billiton, Rio Tinto, Anglo American, Xstrata, Vedanta Resources, Kazakhmys, Lonmin and ENRC lost between 4.5 and...
- Research articles 2008-05-21
- Zacks Analyst Blog Highlights: BHP Billiton, Rio Tinto, D.R. Horton, Inspire Pharmaceuticals and Allergan Pharmaceuticals
- CHICAGO -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: BHP Billiton Ltd. (NYSE: BHP), Rio Tinto (NYSE: RTP), D.R. Horton,...
- Research articles 2008-05-14
- EMD is to supply 19 SD70Ace locomotives to BHP Billiton through Australian licensee Downer EDI
- EMD is to supply 19 SD70Ace locomotives to BHP Billiton through Australian licensee Downer EDI. The first 10 will be delivered soon from EMD's Canadian plant, with the remainder due in the middle of next year.
- Research articles 2008-05-01
- Metso to supply crushing equipment to Australia
- Metso Corporation Press release on April 30, 2008 at 9:30 a.m. Metso Minerals will supply crushing equipment to BHP Billiton Iron Ore for the Yandi mine development project in Western Australia. The delivery will be completed by the end of year 2009. The value of the order is approximately...
- Research articles 2008-04-30
- London
- WORLD MARKETS The FTSE 100 fell 0.5 per cent as growth concerns hit commodity shares, but beaten-down banks recovered earlier losses. The index declined 32.9 to 6,050.7, after earlier falling 2.2 per cent. BHP Billiton, Rio Tinto, Anglo American, Eurasian Natural Resources, Xstrata, Antofagasta and Lonmin were down...
- Research articles 2008-04-25
- London
- WORLD MARKETS The FTSE 100 rose more than 2 per cent to its highest close in six weeks, ending up 139.3 at 6,046.2. Rising commodity prices boosted miners, with Lonmin, Xstrata, Vedanta and ENRC up between 3.5 and 6.4 per cent. Rio Tinto rose 6 per cent on...
- Research articles 2008-04-17
- Research and Markets: BHP Billiton, RAG Aktiengesellschaft and RWE AG Remain the Leading Companies Operating in Germany's Coal Industry
- DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c88471) has announced the addition of Coal in Germany to their offering. The Coal in Germany industry profile is an essential resource for top-level data and analysis covering the Coal industry. It includes detailed data on market size and segmentation, plus textual and...
- Research articles 2008-04-11
- Eldorado Gold Corporation: Vila Nova Iron Ore Project.
- VANCOUVER, BRITISH COLUMBIA, Mar 17, 2008 Marketwire via COMTEX -- Eldorado Gold Corporation ("Eldorado" or "the Company") (TSX:ELD)(AMEX:EGO) is pleased to announce that it has signed a non-binding Memorandum of Understanding ("MOU") with BHP Billiton regarding the future sale of iron ore from Eldorado's Vila...
- Research articles 2008-03-17
- Eldorado Gold Corporation: Vila Nova Iron Ore Project
- Eldorado Gold Corporation ("Eldorado" or "the Company") (TSX: ELD)(AMEX: EGO) is pleased to announce that it has signed a non-binding Memorandum of Understanding ("MOU") with BHP Billiton regarding the future sale of iron ore from Eldorado's Vila Nova Iron Ore Project in Amapa State, Brazil ("the Project"). We expect to...
- Research articles 2008-03-17
- London
- WORLD MARKETS The FTSE 100 ended up sharply, powered by miners that were led higher by takeover target Kazakhmys, which rose 16 per cent. The blue-chip index closed up 86 at 5,776.4, shrugging off Alistair Darling's first Budget. BHP Billiton, Rio Tinto, Anglo American, Xstrata, Lonmin and Vedanta...
- Research articles 2008-03-13
- London
- WORLD MARKETS Investors dived for cover after bleak jobs data in the US deepened recession fears in the world's biggest economy. The FTSE 100 closed down 66.5, or 1.2 per cent, at 5,699.9. The weaker economic growth prospects meant mining stocks dominated the fallers board. BHP Billiton shed...
- Research articles 2008-03-08
- Selloff: Rio Tinto Sheds Mining Properties as it Fights Billiton's Takeover Bid
- Within the space of three weeks in February, two well-known precious metals producers announced that they were buying out their long-term partner in gold- and silver-mining operations in deals that ranged from $750 million to almost $1.7 billion in value. The selling partner in both cases was Rio Tinto, which...
- Research articles 2008-03-01
- London
- WORLD MARKETS The FTSE 100 fell 0.7 per cent to 5,888.5 as miners weighed, but Lloyds TSB rose on higher dividends and lifted smaller rival Alliance & Leicester. Miners were the biggest drag, tracking weaker base metal prices. BHP Billiton, Rio Tinto, Anglo American, Vedanta Resources and Antofagasta...
- Research articles 2008-02-23
- Chinese raid on Rio Tinto lifts miners' prospects
- Market Report Miners dominated a buoyant market yesterday as the Chinese, in one swift dawn manoeuvre, cast their shad-ow on BHP Billiton's pros- pective bid for Rio Tinto and sparked off talk about alternative targets. If BHP cannot acquire Rio, it may, some speculated, turn elsewhere, to South...
- Research articles 2008-02-02
- Subsea pipelines contract.(TRINIDAD & TOBAGO)
- Paris-based Technip on Dec. 18 said it has been awarded by the National Gas Co. of Trinidad & Tobago Ltd a services contract to install two offshore pipelines. Technip's Houston, Tex. center will execute the contract which covers front-end engineering design FEED, subsea, land surveying and...
- Research articles 2008-02-01
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