October 31, 2012

Canada’s economy drops as mining and oil plunge

Canada’s economy shrank 0.1% in August, the first drop in six months, driven mainly by depressed manufacturing and energy sectors, Statistics Canada said Wednesday.

October 31, 2012

EU delays Glencore-Xstrata merger verdict

The European Commission said Wednesday it is delaying the deadline to emit a verdict on Glencore International PLC's $70 billion merger proposal with Xstrata (LON:XTA) after Glencore (LON:GLENA) made concessions…

October 29, 2012

Xstrata shareholders caught in ‘prisoner’s dilemma’ Could Anglo or Vale free them?

Even shareholders choking on $200 million of management bonuses, may have to okay the compensation if they want the deal to go ahead. But Xstrata may have other options beside…

October 26, 2012

Indonesian businessman warns foreigners of local investment perils

A prominent Indonesian businessman has warned foreign miners of the perils of investing in his own country over the next two years due to new laws which curb overseas ownership.

October 23, 2012

Xstrata’s Dominican nickel project in UN’s hands

United Nations Development Program (UNDP) representative, Valerie Julliand, announced Tuesday the body has agreed to the Dominican Republic’s government's request to review Xstrata Nickel’s environmental impact study for the Loma…

October 22, 2012

Chinese businesses rush to Indonesia in lead up to mineral export ban

Chinese investors and suppliers are flocking to Indonesia in the lead up to the archipelago nation's imposition of a ban on mineral exports in 2014.

October 22, 2012

MBMI announces grant of stock options and resignation of director

The company announces the grant of 1,300,000 options to purchase common shares. Each option is exercisable at a price of $0.10 per share for a five year term.

October 17, 2012

Regional court sides with RUSAL in Norilsk Nickel buyback dispute

The Krasnoyarsk regional court has deemed that Norilsk Nickel and Vladimir Potanin's Interros are affiliated bodies, thus siding with UC RUSAL's claim.

October 17, 2012

Oil and coal save BHP’s September quarter results

BHP Billiton (ASX,LON,NYSE:BHP), the world’s biggest miner by market value, posted Wednesday a weaker than expected September quarter from its West Australian iron ore mines as the company’s work on…

October 15, 2012

Qatar sees Glencore/Xstrata merger positively

Qatar's sovereign investment fund, the second largest shareholder in Xstrata PLC (LON:XTA) with 12% of equity, confirmed Monday it is looking positively at the company's planned merger with Glencore International…