Mining industry
The China Investment Corporation (CIC), one of the world's largest sovereign wealth funds, has revealed its significant investments in the mining sector through exchange-traded funds (ETFs) and equity holdings in mining companies. The fund's filings with the US Securities and Exchange Commission (SEC) show that CIC
Mining industry
U.K. stocks rose on Thursday, led by a rebound in mining companies after Xstrata Plc reported earnings that beat analyst estimates and base metals prices climbed in London. The FTSE 100 Index increased 46.79, or 0.9 percent, to 5,107.71 at 8:33 a.m. in
Mining industry
Seven Summits Strategic Investments' PriceWatch Alerts, available at http://www.iotogo.com/s/120909C, provide detailed strategies for protecting investments against market uncertainty. The alerts cover stocks such as Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX), The Home Depot, Inc. (NYSE:HD), Devon Energy Corporation (NYSE:DVN), American Tower
Mining industry
Nava Bharat Ventures, a subsidiary of Nava Bharat Ventures Ltd, has signed a share sale and purchase agreement (SPA) with the Zambian government through the minister of finance and Zambia Consolidated Copper Mines Investments Holding Plc (ZCCM-IH) for acquiring a 65% stake in Maamba Collieries Ltd (MCL). This acquisition entails
Mining industry
Mexico's stock market ended the trading day with a 0.8% gain, as the country's main index, the IPC, finished at 31,916.60. The market was influenced by gains in major companies such as Cemex and Grupo Mexico, with Cemex's CPO shares closing
Mining industry
Seven Summits Research has issued PriceWatch Alerts for five undervalued stocks: Freeport-McMoRan Copper & Gold Inc. (FCX), Yahoo! Inc. (YHOO), BB & T Corp. (BBT), Teva Pharmaceutical Industries Limited (TEVA), and Mechel OAO (MTL). The alerts provide detailed strategies for each stock, including position protection tactics designed to shield investors
Mining industry
A labor strike at the Spence mine in Chile, owned by global diversified miner BHP Billiton Ltd., entered its seventh day on Monday with no new talks between the striking union and mine management. The 560 unionized workers went on strike on October 13 after contract negotiations fell through, with
Mining industry
China Armco Metals, a distributor of imported metal ore, has secured a $13 million line of credit from the Bank of China for its scrap metal recycling project. The company plans to use the funds for working capital and fixed asset purchases, with operations expected to commence at its 1
Mining industry
The Congolese government's detention of three Freeport-McMoRan Copper & Gold Inc. employees on allegations of misappropriation of public funds has created uncertainty in the global base metals market. Meanwhile, Polish copper producer KGHM Polska Miedz SA is revising its full-year financial guidance, and Zambia's largest cobalt
Mining industry
Sterlite Industries (India) Limited, a leading diversified mining and metals company, will announce its results for the first quarter ended June 30, 2009, on July 29, 2009. The company is one of India's major players in the mining and metals sector, with operations in aluminium, copper, zinc, and
Mining industry
Indian companies Tata Steel and Suzlon Energy are actively seeking to raise capital through global depository receipt (GDR) sales, following in the footsteps of India's largest copper producer Sterlite Industries, which recently collected $1.5 billion from a similar sale in the US. The sales are aimed at
Mining industry
Vedanta Resources, India's largest copper and zinc producer, has come under fire from credit rating agency Standard & Poor's, which has placed the company on credit watch. This move has sent Vedanta's stock price plummeting, touching 1,281p before closing 10p off at 1,
