Basic Resources Sector News

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  • MELBOURNE/LONDON, April 27 (Reuters) - Brazil's Vale SA has chosen Barclays (LSE: BARC.L - news) to advise it on the sale of some or all of its Australian coal assets, two people close to the situation said on Monday, as the company looks to raise money to ride out the commodities rout. They have minimal exposure (in …

  • Mongolia signaled on Monday it will not abide by an international tribunal's order to pay more than $100 million to Canadian uranium explorer Khan Resources Inc. "The Mongolian government, in order to protect its own interests, will work for the invalidation of the arbitration award," a statement by the justice minister, …

  • By Mike Gambale NEW YORK, April 27 - Here's a recap of primary issuance in the US high-yield market on Monday: Number of deals priced so far: 1 Amount raised: US$1bn Number of deals expected to price later ...

  • A woman pumps gas at a station in Falls Church

    Crude settled lower on Monday as ample global supply blunted support from the conflict in Yemen and the falling number of U.S. rigs drilling for oil and kept traders cautious after prices reached 2015 peaks last week. U.S. commercial crude inventories have risen for 15 straight weeks to a record 489 million barrels even …

  • SuperGroup was trading higher as RBC Capital Markets raised its rating on the clothing chain. The broker, which hiked its recommendation to 'outperform' from 'sector perform', also increased its price ...

  • The UK's biggest companies are failing in the digital world, according to the most comprehensive review into corporate communications in Europe. Here is the full ranking.

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, April 27 (Reuters) - One of the themes from the recent weakness in crude oil and iron ore is that major producers are deliberately oversupplying as they are willing to tolerate falling prices in order to drive market share. The main issue assumes that the …

  • Asian stocks were mixed on Monday ahead of US and Japanese central bank meetings this week.

  • Dow Jones industrial average futures were up 0.24 percent at 18,060, S&P 500 futures were up 0.20 percent at 2,116 and Nasdaq 100 futures were up 0.23 percent at 4,539.5. ** IGATE CORP, Friday close $45.85, ...

  • Pure-play silver miners, a niche investment market popular with retail investors, are moving up the endangered list. Buffeted by a 68 percent plunge in the price of silver since 2011, miners who traditionally made most of their money from silver are increasingly diversifying into gold, buying mines that have been put up …

  • EU mergers and takeovers (April 27) Reuters - UK Focus - 15 hours ago

    The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- U.S. conglomerate Berkshire Hathaway to acquire German motorcycle ...

  • Stocks began the morning weaker on the back of inconclusive talks over the weekend between Greece and its international creditors.

  • Should you avoid adding these 3 smaller companies to your portfolio? Gulf Keystone Petroleum Limited (LON: GKP), Rare Earth Minerals PLC (LON: REM) and Sirius Minerals PLC (LON: SXX)

  • Australian shares jumped 0.7 percent on Monday, pulling closer to the 6,000 barrier, with miners and energy stocks benefiting the most from a rally in iron ore prices. The S&P/ASX 200 index rose 39.9 points ...

  • BHP faces A$522 mln tax bill on Singapore marketing hub Reuters - UK Focus - Mon, Apr 27, 2015 02:35 BST

    BHP Billiton (NYSE: BBL - news) is contesting A$522 million ($409 million) in Australian tax bills on its Singapore marketing operations up to 2010, after having paid almost no tax in Singapore since 2006, the global miner told an Australian Senate panel. The figures were released on Monday by a Senate committee that …

  • BHP faces A$522 mln tax bill on Singapore marketing hub - AFR Reuters - UK Focus - Mon, Apr 27, 2015 01:41 BST

    Global miner BHP Billiton is contesting a A$522 million Australian tax bill on its Singapore marketing operations, the Australian Financial Review reported on Monday. The figure was disclosed in the company's ...

  • London midday: Bounce in UK industrial data lifts stocks Sharecast - Mon, Apr 27, 2015 01:22 BST

    London equities returned to positive territory by midday as UK manufacturing data provided encouragement and earlier concerns about stalled Greek debt negotiations were assuaged by more positive rumours....

  • Australia shares seen higher, resources sector to lead Reuters - UK Focus - Mon, Apr 27, 2015 00:10 BST

    Australian stocks are set to open higher on Monday as firmer iron ore prices and a strong finish on Wall Street puts the market on track to test the 6,000 barrier. Australia's local stock index futures ...

  • BHP helicopters workers to Colombia nickel plant amid stoppage Reuters - UK Focus - Fri, Apr 24, 2015 23:05 BST

    BHP Billiton (NYSE: BBL - news) is flying workers into its ferronickel plant in Colombia with a hired helicopter to resume production as laborers block access to the site in a stoppage the company says is illegal, an official said on Friday. Unionized workers have been blocking access to the Cerro Matoso ferronickel mine …

  • US HY CLOSE-High-yield week tally goes over US$10bn Reuters - UK Focus - Fri, Apr 24, 2015 21:35 BST

    By Mike Gambale NEW YORK, April 24 - Here's a recap of primary issuance in the US high-yield market on Friday: Number of deals priced so far today: 3 Amount raised: US$4.15bn PRICED: ZF NORTH AMERICA CAPITAL ...

  • Total seeks sale of its fuel retailing business in Turkey - sources Reuters - UK Focus - Fri, Apr 24, 2015 20:25 BST

    Total aims to sell its fuel distribution business in Turkey and has asked Societe Generale to lead the process, sources said on Friday, as the French oil producer looks to retreat from a highly competitive and regulated market. Turkey has some of the steepest fuel prices in Europe but heavy taxes and other regulations …

  • Brent at 4-1/2 month high; U.S. crude up for sixth week Reuters - Fri, Apr 24, 2015 20:21 BST
    A pump jack is seen at sunrise near Bakersfield

    Fighting between Yemen's warring factions raged in southern and central parts of the country, and air strikes from a Saudi-led coalition hit Houthi militia forces, creating more tensions over the security of Middle East oil supplies. A softer dollar also lent support to Brent and formed a floor beneath falling U.S. crude …

  • Week ahead: Political debates and central banks in focus Sharecast - Fri, Apr 24, 2015 19:07 BST

    With little doubt what will be of most interest for investors next week, given that the next general elections are now looming, will be the three-way election debate between Cameron, Clegg and Miliband ...

  • London close: HSBC and miners lead gains Sharecast - Fri, Apr 24, 2015 18:33 BST

    UK stocks ended the session higher, tracking gains on the other side of the Atlantic despite the somewhat mixed newsflow coming out of Greece.

  • Europe close: Equities advance as banks and miners rally Sharecast - Fri, Apr 24, 2015 18:17 BST

    A rally in banks and mining stocks pushed European equities higher on Friday.

  • Sector movers: Miners lead the way as copper prices rise Sharecast - Fri, Apr 24, 2015 17:56 BST

    Mining stocks, including Glencore and Rio Tinto, led the way on Friday as copper prices rose on lower inventories and a weaker US dollar. Aluminium, nickel and zinc also rose to provide miners a boost....

  • Miners and banks push Britain's FTSE towards record highs Reuters - UK Focus - Fri, Apr 24, 2015 16:58 BST

    Britain's top share index edged close to a record peak on Friday, with heavyweight HSBC gaining after saying it was considering moving its headquarters and miners tracking a strong rally in industrial metals prices. Aluminium, nickel and zinc also gained 1.0 to 2.5 percent, helping shares in BHP Billiton (NYSE: BBL - …

  • HSBC topped the risers as it launched a review of its UK domicile in light of the changing regulatory landscape. Some media commentators suggested the announcement, carefully timed ahead of the general ...

  • EU clears 19 genetically modified products AFP - Fri, Apr 24, 2015 14:57 BST
    EU clears 19 genetically modified products

    Labourers gather wheat grains from a thresher at a market

  • 1140: Greek default probability has jumped as Greek finance minister Yannis Varoufakis was reported as having taken a hammering from frustrated EU counterparts. Finance chiefs in the Eurogroup said Varoufakis's ...

  • Anglo American (LSE: AAL.L - news) favours a listing of some South African platinum mines as the most likely route to divesting those assets, the mining group's chief executive said on Friday. Platinum has been a problem for London and Johannesburg-listed Anglo American for some time, due to recurrent strikes and stubbornly …

  • Stocks have begun the morning moving modestly higher on residual optimism over the Greek debt negotiations and on the coat-tails of overnight gains on Wall Street, which saw the Nasdaq Composite close ...

  • BUZZ-Petra Diamonds: issues new debt Reuters - UK Focus - Fri, Apr 24, 2015 09:37 BST

    ** Diamond miner's shares extend recent falls, down c.2 pct after it issues new notes to service debt & expand its Cullinan operations ** Standard & Poor's rates new notes B+, citing volatility in rough ...

  • Australia shares jump on commodity rally Reuters - UK Focus - Fri, Apr 24, 2015 04:12 BST

    SYDNEY/WELLINGTON, April 24 (Reuters) - Australian shares rose the most in nearly five weeks on Friday with miners and energy stocks benefiting from an overnight rally in crude oil and iron ore prices. The market has had a poor run lately with discouraging economic news from China, a key iron ore importer and Australia's …

  • Stocks were holding modestly higher on Friday at noon amid residual optimism over the Greek debt negotiations and on the coat-tails of overnight gains on Wall Street.

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