BP on track to sell $7bln in assets
BHP PLC (LSE:BP) is on the verge of concluding a deal for the sale of its offshore oil fields in the Gulf of Mexico for $7 billion to Houston-based Plains Exploration & Production (NYSE:PXP).
Latest Stories
Senior golds look to juniors for growth: David Goguen
Goguen provides his views on where senior gold producers will be hunting and which companies will meet newly stringent criteria in the gold-hungry world marketplace of today—and tomorrow.
Australian coal industry to slash 900 jobs
Australia's coal miners are slashing 900 jobs against a backdrop of declining commodities prices and higher costs.
Further signs of stimulus plans from a slowing China
China is showing further signs that stimulus spending to prop up its slowing economy could well be on the way with President Hu Jintao evincing a commitment to economic growth at the APEC summit over the weekend.
Investors shrug news of fresh Mongolia bid for control of Oyu Tolgoi as Turquoise Hill climbs 15%
Mongolia's new mining minister Davajav Ganhuyag is one of the politicians in favour of upping the country's stake.
South African police brace as Lonmin workers set to return on Monday
South African police are braced for possible violence ahead of Monday's back-to-work deadline for striking workers at Lonmin's flagship platinum mine, where 44 people died in labour strife last month, most of them at the hands of police.
Surging Chinese gold imports and the case for the world’s next reserve currency
"For the first time in history China has imported twice as much gold as it has 'imported' US Treasuries."
More trouble for Glencore in Bolivia
Three managers from Bolivia's state-owned mining company were taken hostage by residents of a village in the region of Potusi, who are demanding a 15% stake in the region's silver mine part-owned and operated by Glencore.
Maharaja’s family demands return of diamond
The descendants of the last Maharaja of the Sikh Empire, who was forced to hand over the Koh-i-noor diamond to Queen Victoria, launched a court action Monday for his body and possessions to be returned to India.