-
BHP, Rio Tinto Scuttle Iron Ore Venture
Sunday, October 17, 2010 - 10:48pm | 131BHP Billiton (NYSE: BHP) and Rio Tinto (NYSE: RTP), two of the largest mining companies in the world, scuttled plans for a $120 billion iron ore join venture in Australia after regulators in that country, Asia and Europe voiced concerns over the venture. The two mining giants were looking for cost...
-
Mongolian debt, copper mining a play on Chinese construction, consumption
Sunday, October 17, 2010 - 1:50pm | 742Back in June Batbayar Balgan, director general of the financial and economic policy department of Mongolia, spoke of the country's plans to raise $500 million selling bonds in 2010, while the remainder of a planned $1.2 billion program would be sold according to market conditions. Bloomberg notes...
-
Taseko Mines Trying To Raise Capital Funding
Friday, October 15, 2010 - 9:59am | 156Dahlman Rose has issued a research report on Taseko Mines Limited (NYSE: TGB) after the company suffered from some unusual trading action and consequently filed a final base shelf prospectus to raise capital funding for its Prosperity project. In the report, Dahlman Rose writes "An apparent large...
-
Sinochem Scraps Potash Plans
Friday, October 15, 2010 - 4:39am | 173Sinochem International, once viewed as the most viable threat to launch a counter-offer to BHP Billiton's (NYSE: BHP) $38.6 billion hostile takeover bid for Potash Corp. of Saskatchewan (NYSE: POT) is giving up those plans. Sinochem, China's largest chemicals trader, has had difficulty securing...
-
Taseko Mines Plunging Sharply (TGB)
Thursday, October 14, 2010 - 3:00pm | 71Shares of Taseko Mines, Ltd. (NYSE: TGB) are plunging, losing more than 10% on no news. This may be an anomaly and later reversed, as per the new rules set by the SEC. Taseko Mines has mineral properties in British Columbia, Canada. The company principally holds 100% interests in the Gibraltar...
-
Rio Tinto Says Q3 Iron Output Surges To Record
Thursday, October 14, 2010 - 3:05am | 142Rio Tinto (NYSE: RTP), the world's third-largest mining company, said iron ore output in the third quarter surged to a record high, fueled by demand from Chinese steel producers. London-based Rio Tinto, the world's second-largest iron ore maker, said output to increased 47.6 million metric tons in...
-
Top Narrow Based Indexes For October 13 (AIXG, TGB)
Wednesday, October 13, 2010 - 11:37am | 186By 11:23 am, the Dow Jones Industrial Average was up 109.14 points, or 0.99%, to 11,129.54, while the broader Standard & Poor's 500 index had gained 11.16 points, or 0.95%. The NASDAQ composite index rose 26.53 points, or 1.10%. Some of the narrow based indexes that are driving the markets are...
-
John Burbank Is Huge In Agriculture
Tuesday, October 12, 2010 - 12:40pm | 83John Burbank spoke at the Value Investing Congress and said he has large positions in agriculture names, particularly Mosaic Co. (NYSE: MOS) and CF Industries (NYSE: CF). He also mentioned he had a position in Potash (NYSE: POT), which has been the subject of takeover talks with BHP Billiton (NYSE...
-
Commodity Stocks Under Pressure.
Tuesday, October 12, 2010 - 11:17am | 130This morning most of the leading commodity stocks are under some pressure on the back of a stronger U.S. Dollar Index. Since June 7th the U.S. Dollar Index has plummeted lower by 12.0 percent and most commodities have directly benefited from that dollar decline. Major commodity leaders such as...
-
Mad Money Lightning Round OT: Cramer Sees UPS At $80 (PBCT, UPS, TKLC, RTP, VALE)
Monday, October 11, 2010 - 8:26pm | 189On CNBC's Mad Money Lightning Round OT, Jim Cramer said that banks are really struggling, but he would buy People's United Financial, Inc. (NASDAQ: PBCT) because it has a nice dividend. People's United Financial, Inc. (PBCT) fell 0.30% today. Cramer thinks that United Parcel Service, Inc. (NYSE:...
-
Battle for a Mongolian Copper Mine
Friday, October 8, 2010 - 3:31pm | 141If you've already heard of BHP Billiton ADR (NYSE: BHP)'s attempt to take over Canadian fertilizer giant Potash (NYSE: POT), then put it out of your mind for a minute. If you haven't, then you might want to check it out sometime today. It's well worth the read… as is a less well-known, multi-...
-
How Long Will the Takeover Mania Last?
Friday, October 8, 2010 - 10:11am | 382Almost everyday in the past two months there has been at least one or two stocks a day that are rumored to be takeover candidates. Every since August 17th, 2010 when Potash Sask Inc.(NYSE: POT) received a takeover bid from BHP Billiton Ltd.(NYSE: BHP) for a huge premium the stock market has gone...
-
Potash CEO Looking For Bid North Of $170 Per Share (POT, BHP)
Thursday, October 7, 2010 - 2:26pm | 246The Globe And Mail is reporting that Potash (NYSE: POT) CEO Bill Doyle is pushing for an offer for his company north of $170 per share. He called BHP Billiton's (NYSE: BHP) $130 per share offer a "non-starter" during an interview with the Globe And Mail. Furthermore, he predicted that POT's stock "...
-
Stocks That Will Fall On A Stronger Dollar
Thursday, October 7, 2010 - 12:09pm | 426With the minor Dollar reversal today, one has to wonder if the U.S. Dollar has bottomed in the short term. It is very oversold at these levels. If this is the case, there are many stocks that should fall back down after meteoric runs. A stronger Dollar means in general, stock prices will fall...
-
Top 4 Stocks In The Copper Industry With The Highest Market Capitalization (SLT, FCX, SCCO, TGB)
Thursday, October 7, 2010 - 5:35am | 129Below are the top copper stocks on the NYSE, the NASDAQ and the AMEX in terms of market capitalization. Sterlite Industries (India) Limited (NYSE: SLT) has a market capitalization of $52.94 billion. SLT's quarterly revenue surged 31.10% y/y. Freeport-McMoRan Copper & Gold Inc (NYSE: FCX) has a...