Uranium On The Up Trend In Namibia
VANCOUVER — Rio Tinto’s (RTP-N, RIO-L) Rossing mine in Namibia already produces roughly 8% of the world’s annual supply of uranium. Now the country looks set to increase its presence on the uranium m…
Rio Tinto plc
Mongolian parliament votes in favour of Ivanhoe profit-sharing deal; agreement not yet finalized
Five years of negotiations with the Mongolian government might soon come to a positive end for Ivanhoe Mines (IVN…
S&P Base Metals Index Launched
Base metals investors now have a new index to follow through the S&P/TSX Global Base Metals index, launched in June by Standard & Poor’s.
Xstrata Triggers Consolidation Talk With Anglo American Offer
Consolidation is the key word again in the base metals sector after Xstrata (XSRAF-O, XTA-L) tabled an informal offer for London-based Anglo American (AAL-L, AAUK-Q) on June 21.
Xstrata’s Overture
Mega-merger talk kicked up again at the end of the 24th trading week of the year, as Xstrata unveiled its desire for a “merger of equals” with Anglo American.
BHP Delays Chilean Expansion Projects
The global recession has prompted BHP Billiton (BHP-N, BLT-L) to continue to delay a slate of expansion projects in Chile, the biggest among them an expansion of the world’s largest copper mine, Escon…
Vale cuts iron pellet price for Nucor
Vale (RIO-N) is cutting the price of the iron pellets it sells this fiscal year to Nu-Iron, a subsidiary of U.S. st…
New base metals index on the TSX
Base metals investors now have a new index to follow through the S&P/TSX Global Base Metals Index, launched today…
Xstrata triggers consolidation talk
Consolidation is the key word again in the base metal sector after Xstrata (XTA-L, XSRAF-O) tabled an offer for Lon…
BHP delays Chilean expansion projects
The global recession has prompted BHP Billiton (BHP-N, BLT-L) to continue to delay a slate of expansion projects …
Rio Tinto Scraps Chinalco Deal For Iron Ore JV With BHP
Rio Tinto (RTP-N, RIO-L) shares surged 10.3% on the London Stock Exchange and 6.2% on the New York Stock Exchange on June 5 after the mining giant declared it was walking away from a deal with Chinese…
Big Iron’s Gamesmanship
The tectonic shift in the iron ore business dominated headlines during the 22nd trading week of the year, as Rio Tinto ripped up its US$19.5-billion proposed financing with Chinalco and struck a new d…