Copper Investing News reports copper prices fell this week.
On Monday, copper fell in New York to the lowest price in more than five weeks, as an increase in inventory sparked mounting concern that demand is dwindling.
Stockpiles in warehouses monitored by the London Metal Exchange rose 1.1 per cent to 344,350 metric tons, the highest since [...]
Coal Investing News reports coal hunting is going abroad.
International Coal Ventures Ltd (ICVL) is set to bid for coal mines in Australia. The move may potentially bring the joint venture company in competition with leading state-run Chinese coal firms.
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Iron Investing News reports Rio Tinto’s new attempts securing its supply of iron ore.
The head of Rio Tinto PLC is trying to repair his company’s troubled relationship with China following the arrest of four Rio executives in a corporate espionage scandal and the collapse of a US$19.5-billion investment deal with a state-backed Chinese mining firm.
Tom [...]
Iron Investing News reports China is set to push forward investments in iron ore projects in Australia.
“The opportunities for Chinese groups to come in and facilitate development of some of the smaller players are definitely going to start picking up pace,” said Eric Lilford, head of Australia mining at Deloitte Corporate Finance.
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Iron Investing News reports the EU issued objections to BHP Billiton’s hostile takeover of Rio Tinto.
Europe’s steel manufacturers brought their worries to the EU Competition Commissioner in May. The steel industry fears that such a deal could create inflated raw material prices. BHP first made the bid of 3.4 BHP shares for every Rio Tinto share [...]
Tuesday, September 29, 2009
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