Basic Resources Sector News

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  • European shares rose on Tuesday for a second day with banking stocks surging to an 11-month high as investors dipped back into a beaten-down sector following Italy's constitutional referendum on the weekend. ...

  • Dec (Shanghai: 600875.SS - news) 6 (Reuters) - An environmental group said on Tuesday it had filed a lawsuit against De Beers Canada, accusing the diamond producer of failing to report toxic levels of mercury and methylmercury at its Victor Diamond mine in northern Ontario. The Wildlands League alleged that De Beers failed …

  • LONDON, Dec (Shanghai: 600875.SS - news) 6 (Reuters) - Multinational companies need to do more to gain the trust of wider society, including better explaining why top executives are so highly rewarded in comparison to workers, the chairman of global miner Rio Tinto (Hanover: CRA1.HA - news) told British lawmakers. "Big …

  • Victrex plc (LON: VCT) and Ashtead Group plc (LON: AHT) look set to benefit from the EU referendum result.

  • European shares extended gains on Tuesday, with the utilities sector leading the market higher after British power producer Drax Group Plc announced it plans to buy an energy supplier and four gas power ...

  • LONDON, Dec (Shanghai: 600875.SS - news) 6 (Reuters) - Kazakhstan copper firm Kaz Minerals on Tuesday said its major new copper project at Aktogay would deliver its next phase of production early in 2017 at a lower cost than expected. The news lifted the company's share price by 2.3 percent by around 10 GMT, while the …

  • Here's why it's time to put Warren Buffet's advice into action and buy Sirius Minerals plc (LON:SXX) and Unilver plc (LON:ULVR).

  • Australia's Billiton wins Mexico oilfield deal AFP - Mon, Dec 5, 2016 19:40 GMT
    Australia's Billiton wins Mexico oilfield deal

    Pemex oil company president Jose Antonio Gonzalez (R) talks to Timothy Joseph Callahan, a representative of BHP Billiton Petroleo Operaciones de Mexico on December 5, 2016

  • Britain's FTSE 100 rises as mining, banking shares gain Reuters - UK Focus - Mon, Dec 5, 2016 17:46 GMT

    Britain's top share index climbed on Monday, after falling in the previous two sessions, with basic resources stocks leading the market higher as prices of industrial metals such as copper rose. European ...

  • Mexico picks BHP Billiton for first oil farmout with Pemex Reuters - UK Focus - Mon, Dec 5, 2016 15:41 GMT

    Australia's BHP Billiton on Monday won the contest to partner with Mexican state oil company Pemex in a joint venture to develop a deep water field in the country's untapped Gulf waters. A local unit of ...

  • Miners and banks help Britain's FTSE 100 to advance Reuters - UK Focus - Mon, Dec 5, 2016 10:55 GMT

    Britain's top share index climbed on Monday, after falling in the previous two sessions, with basic resources stocks leading the market higher on the back of rising prices of industrial metals such as ...

  • Norwegian Air CEO plans to order more Boeing, Airbus planes Reuters - UK Focus - Mon, Dec 5, 2016 10:49 GMT

    Budget carrier Norwegian Air Shuttle aims to order more aircraft from producers Boeing and Airbus after its Irish subsidiary received long-awaited flying rights from U.S. authorities, the company's Chief ...

  • JOHANNESBURG, Dec (Shanghai: 600875.SS - news) 4 (Reuters) - A South African police watchdog has recommended that suspended national commissioner Riah Phiyega be deemed unfit to hold office and dismissed, the City Press weekly newspaper reported on Sunday. Phiyega was the country's top-ranking police official when police …

  • Deutsche Bank to pay $60 mln to settle U.S. gold price-fixing case Reuters - UK Focus - Fri, Dec 2, 2016 22:15 GMT

    Deutsche Bank AG (IOB: 0H7D.IL - news) has agreed to pay $60 million to settle private U.S. antitrust litigation by traders and other investors who accused the German bank of conspiring to manipulate gold prices at their expense. The preliminary settlement was filed on Friday with the U.S. District Court in Manhattan, …

  • Turquoise Hill suspends Mongolia mine shipments to China Reuters - UK Focus - Fri, Dec 2, 2016 15:32 GMT

    TORONTO, Dec (Shanghai: 600875.SS - news) 2 (Reuters) - Turquoise Hill Resources Ltd (Frankfurt: A1J2DT - news) said on Friday it has suspended concentrate shipments from its giant copper-gold Oyu Tolgoi mine in Mongolia across the Chinese border, blaming problems with a crossing route. Vancouver-based Turquoise Hill …

  • James Halstead plc (LON: JHD) lacks long-term appeal.

  • 2 Footsie stocks I believe could collapse in December Fool.co.uk - Fri, Dec 2, 2016 07:00 GMT

    Royston Wild looks at two Footsie leviathans that could be about to collapse.

  • Russia says to tender Sukhoi Log gold deposit in 2017 Reuters - UK Focus - Fri, Dec 2, 2016 06:28 GMT

    MOSCOW, Dec (Shanghai: 600875.SS - news) 2 (Reuters) - Russian Prime Minister Dmitry Medvedev has signed an order to sell rights for the development of the giant Sukhoi Log gold deposit in Siberia in an auction in 2017, the government said in a statement on Friday. Sukhoi Log, one of the world's largest untapped gold …

  • Vale says expects judge to approve Samarco settlement soon Reuters - UK Focus - Thu, Dec 1, 2016 17:16 GMT

    LONDON, Dec (Shanghai: 600875.SS - news) 1 (Reuters) - Vale SA, the world's top iron ore producer, said a judge was soon to ratify a settlement with the Brazilian government regarding its Samarco iron ore joint venture with BHP Billiton (NYSE: BBL - news) . General Counsel Clovis Torres told investors and analysts at …

  • U.S. software group CA buys Austrian peer Automic in 600 mln euro deal Reuters - UK Focus - Thu, Dec 1, 2016 17:09 GMT

    U.S. software management group CA Inc said on Thursday it has agreed to buy Austrian business automation firm Automic from private equity group EQT in a 600 million euro deal as it seeks to expand in Europe. ...

  • BP approves $9 billion Mad Dog project in Gulf, a first since spill Reuters - UK Focus - Thu, Dec 1, 2016 17:04 GMT

    LONDON, Dec (Shanghai: 600875.SS - news) 1 (Reuters) - Oil major BP has approved a $9-billion investment in its Mad Dog project in the Gulf of Mexico, its first major new platform in the region since a 2010 explosion at its Macondo well led to the worst offshore disaster in U.S. history. The platform is the first BP-operated …

  • BP says approves Mad Dog oil field extension in Gulf of Mexico Reuters - UK Focus - Thu, Dec 1, 2016 15:34 GMT

    Oil major BP has approved a $9-billion investment to expand its Mad Dog oil field in the U.S. Gulf of Mexico, the company said, adding to just a handful of investment decisions it has taken this year amid ...

  • Why Sirius Minerals plc is a long-term play Fool.co.uk - Thu, Dec 1, 2016 15:04 GMT

    You may need the patience of a saint to invest in Sirius Minerals plc (LON: SXX) but one day you should get your reward, says Harvey Jones.

  • Glencore plc (LON:GLEN) and Anglo American plc (LON:AAL) still look affordable, says Roland Head.

  • Anglo American says protesters end Chilean mine occupation Reuters - UK Focus - Thu, Dec 1, 2016 14:16 GMT

    A five-day illegal occupation of its Los Bronces copper mine in Chile has ended, Anglo American said on Thursday, adding that it was investigating the extent of damage caused by protesting contract workers. ...

  • Vedanta to invest up to $2.9 bln over 3 years in key India plants Reuters - UK Focus - Thu, Dec 1, 2016 13:46 GMT

    BHUBANESWAR, India, Dec (Shanghai: 600875.SS - news) 1 (Reuters) - Vedanta Resources Plc (Other OTC: VDNRF - news) plans to invest as much as 200 billion rupees ($2.9 billion) over three years to expand its alumina and aluminium producing capacity in eastern India's Odisha state, its chairman Anil Agarwal said. The …

  • Anglo American says Chilean mine occupation by protesters is over Reuters - UK Focus - Thu, Dec 1, 2016 13:35 GMT

    A five-day illegal occupation of its Los Bronces copper mine in Chile has ended, Anglo American said on Thursday, adding that it was investigating the extent of damage caused by the protesters. Operations ...

  • Vedanta to invest 200 bln rupees over 3 yrs to expand aluminium capacity Reuters - UK Focus - Thu, Dec 1, 2016 12:04 GMT

    Mining conglomerate Vedanta plans to invest 150 to 200 billion rupees ($2.93 billion) over three years to expand its alumina and aluminium producing capacity, said Anil Agarwal, chairman of Vedanta Resources Plc. The company plans to expand the capacity of its Lanjigarh alumina refinery to 5 million tonnes from the current …

  • Britain's FTSE slips as gold miners lose glitter Reuters - UK Focus - Thu, Dec 1, 2016 10:25 GMT

    Britain's top equity index fell on Thursday as water utility Severn Trent slipped after its shares traded without rights to their latest dividend payouts, while precious metals miners tracked gold prices ...

  • MONTEVIDEO, Uruguay--(BUSINESSWIRE)-- Orosur Mining Inc. (“Orosur” or the “Company”) (TSX/AIM: OMI), a South America-focused gold producer, developer and explorer is pleased to announce the appointment ...

  • Surging oil price pushes Britain's FTSE higher Reuters - UK Focus - Wed, Nov 30, 2016 17:21 GMT

    Britain's top share index rose on Wednesday, led by rebounding energy stocks after oil prices surged to their biggest one-day gain in nine months when major producers agreed to output cuts to curb oversupply. ...

  • Oil price rally helps Britain's FTSE edge higher Reuters - UK Focus - Wed, Nov 30, 2016 16:57 GMT

    Britain's top share index rose slightly on Wednesday, led by rebounding energy stocks as oil prices jumped after a deal to curb global oversupply, though banking stocks slipped after Royal Bank of Scotland ...

  • Top stocks for December Fool.co.uk - Wed, Nov 30, 2016 16:30 GMT

    We asked our analysts to share their top stock picks for the coming month.

  • Spurred by Trump and Brexit, EU plans 5 bln euro defence fund Reuters - UK Focus - Wed, Nov 30, 2016 16:15 GMT

    The European Union unveiled its biggest defence funding and research plan in more than a decade on Wednesday to reverse billions in cuts and send a message to U.S. President-elect Donald Trump that it wants to pay for its own security. Part of a broader push to revitalise defence cooperation, the European Commission proposed …

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