HOME > FINANCE / POLITICS > MINING FINANCE / INVESTMENT

MINING FINANCE / INVESTMENT

Ernst & Young reckons mining and metals deal making to accelerate

Thursday , 02 Sep 2010
The value and volume of deals in the global mining and metals sector is set to soar, driven by competition to secure raw materials.

China doesn't like BHP Potash Corp bid - report

Thursday , 02 Sep 2010
According to reports in the Wall Street Journal, worries about future supplies of fertilizer, has meant that China's state run Sinochem is looking at a variety of options and has hired HSBC to help

Investors put $155 per share cap on BHP's Potash Corp bid

Thursday , 02 Sep 2010
According to a Reuters poll of 26 BHP shareholders, on average they felt that any offer above $155 would make the deal "prohibitively expensive".

Joy Global posts better-than-expected quarterly profits

Thursday , 02 Sep 2010
The mining equipment maker says it expects to see a recovery in need for its products as miners begin to see an uptick in commodities demand

Alberto Calderon - The man leading BHP's war room

Monday , 30 Aug 2010
Behind the scenes of BHP's bid for Potash Corp, Colombian, Alberto Calderon is taking a strategic approach

Newmont blasts Pukuafu Indah Batu Hijau mine litigation and claims

Friday , 27 Aug 2010
The long legal and media fight over the divestiture of shares of the parent company of the Batu Hijau gold mine in Indonesia continues to frustrate Newmont Mining.

Potential Glencore gold spin off estimated to be worth around $5bn

Thursday , 26 Aug 2010
According to a source close to the deal, the gold assets that Glencore International plans to spin off would be worth over $5bn

Kzakhmys posts 130% jump in H1 earnings, warned of rising costs

Thursday , 26 Aug 2010
The Kazakh miner said it expects to see some pressure from increases in input costs such as diesel and steel

Glencore profits jump on metal prices

Thursday , 26 Aug 2010
The mining and commodities trader said Thursday H1 net income jumped 42% on the back of sharp increases in metals prices

BHP Billiton streets ahead of the rest

Wednesday , 25 Aug 2010
The latest numbers show BHP Billiton is continuing to widen its hefty lead on its global diversified mining peers.

The downside in big mining mergers

Wednesday , 25 Aug 2010
Many of the so-called synergies put forward as benefits of big mining mergers will prove to be illusory and the process can be destructive of shareholder value.

UK regulations could prove obstacle to a BHP deal sweetener

Wednesday , 25 Aug 2010
According to UK regulations, a shareholder vote is needed if a takeover price rises above 25% of the company's total market capitalisation, a detail BHP will have to keep in mind

BHP, Potash Corp, scenario planning

Wednesday , 25 Aug 2010
As BHP Billiton's hostile bid for Potash Corp continues, and the spectre of other bidders lingers, here are a few scenarios that could play themselves out.

Timing the creation of one of the world's biggest miners

Tuesday , 24 Aug 2010
BHP Billiton's bombproof balance sheet forms a blockbuster to rival bidders for PotashCorp

BHP profits expected to impress, intimidate other potential bidders

Tuesday , 24 Aug 2010
Analysts expect the miner to report strong results this week with an emphasis on cashflows as well as the beginning of a charm offensive aimed at Potash Corp shareholders

South African union workers strike at Exxaro, threaten same at Rio Tinto

Monday , 23 Aug 2010
The National Union of Mineworkers says more than 600 workers have downed tools at Exxaro's mineral sands unit while 1,700 workers at a Rio Tinto-BHP JV have threatened to do the same

Australian stock market betting on Conservatives

Monday , 23 Aug 2010
After inconclusive weekend elections, markets are betting on a minority conservative government and the scrapping of a planned mining tax

PotashCorp bid revives TSX hollowing-out fears

Monday , 23 Aug 2010
A successful bid would remove the sixth-largest company from the Toronto Stock Exchange and, for many investors, echoes the burst of resource-related takeovers from before the credit crisis

Batu Hijau ownership battle heats up as Pukuafu seeks to block IPO, project financing

Monday , 23 Aug 2010
Newmont Nusa Tenggara shareholder Pukuafu Indah says it will file criminal charges and seek civil remedies to overturn the results of a special shareholders' meeting last week.

PotashCorp may have to go to China in its search of better offers

Friday , 20 Aug 2010
As BHP Billiton made its $139bn offer formal PotashCorp continued its search for a white knight with deeper pockets

Three critical questions on long term metal demand... and answers

Thursday , 19 Aug 2010
A look at some of the critical factors affecting the commodity complex and what they are likely to mean over the long term

Lake Shore Gold to raise C$76.9m in bought deal financing

Thursday , 19 Aug 2010
The Canadian gold miner says the proceeds will be used to expand operations at its Ontario mines.

BHP hires new advisors as bankers eyes grow big

Thursday , 19 Aug 2010
The massive deal is one investment bankers were waiting for and there is a notable change in the lineup of advisors since its failed bid for Rio Tinto in 2008

K+S, Yara, unlikely to be takeover targets - Analysts

Thursday , 19 Aug 2010
As interest in the potash sector has been galvanised by BHP's bid for PotashCorp, analysts dismissed speculation that Europe's top fertilizer companies could end up on the M&A radar screens

Speculation continues over large aluminium stock warrant position

Wednesday , 18 Aug 2010
Barclays Capital declines to comment on speculation it has a position controlling 30 to 40% of the LME's stock warrants

Barclays forecasts continued strong fundamental support for copper, tin and lead

Tuesday , 17 Aug 2010
Barclays expects gold's physical underlying market to improve this year, yet remain in surplus.

Exxaro announces a 68% jump in first-half headline earnings

Thursday , 12 Aug 2010
The South African-based, diversified miner said, although risks to the outlook remain, it is expecting a better performance in the second half of the year