| Email This Article Email This Article  | 

Rio Tinto (RTP) and China Send Iron Ore Prices Up 96% in One Week

“Anyone who thinks China’s insatiable hunger for metals is going to subside any time soon need think again. On Monday it was announced that Chinese steelmakers have agreed to a new contract with Rio Tinto (RTP:NYSE) for the price of iron ore, which saw a 96.5% rise on last year.” — Dominic [...]

Commodities Trading: Aluminum’s Alcoa bribes (maybe) and buys

"After naming Merrill Lynch CEO Stan O’Neal (yes, that Stan O’Neal, the one who was forced to step down after revealing $8.4 billion in mortgage writedowns for the investment firm last fall) to its board, Alcoa and Chinese competitor Aluminum Corporation of China, or Chalco, as it’s known, bought a 9% stake (12% [...]

International Mining Stocks: China is about to bust the BHP, Rio Tinto merger

"BHP may have more than just China to worry about. European steelmakers have already started prodding the European Commission to raise antitrust concerns. As a British company, Rio Tinto would have to seek approval from the EC before a merger could go through." — Stephanie Grimmett by Stephanie Grimmett  Baltimore — (TFN):    BHP Billiton (BHP: NYSE) could [...]

Resource Mining Stocks: BHP rebounds from Rio rebuff; WorleyParsons, Saudi Aramco deal may be close

“We suspect that construction and infrastructure and engineering stocks are going to have a good 2008 with all this spending in the pipeline. And not just in Australia.” — Dan Denning  by Dan Denning, Daily Reckoning Australia and TFN Blogger’s Note: We saw this piece on the site of the Daily Reckoning Australia. If you don’t believe [...]

New Personal Finance Video: This tiny gold mining company could soar

“This superior technology has allowed the company to enter every major mining area of the world, including Australia, Russia, South America, Canada, the United States, Africa and the Middle East. Because of its strong presence in Australia, and its acquisition of Australia’s STACE Pty. Ltd. a year ago, this company is at the top of [...]

Special Video Alert: China’s role in the BHP - Rio Tinto drama

Today’sFinancialNews.com Baltimore — (TFN): Last week, mining magnate BHP Billiton cheerfully submitted a takeover offer for Rio Tinto worth $174 billion. Rio Tinto rejected the offer. It doesn’t matter that BHP’s offer constituted a 25% premium to Rio Tinto’s price at the time. And apparently it doesn’t matter that BHP offered an additional [...]

Global Mergers: The End of the Resource Boom?

“Merger talks between BHP Billiton and Rio Tinto could signal the end of the commodities boom, say some analysts. If you believe that I’ve got the deed to the Brooklyn Bridge up on eBay. Care to put in a bid?” — Sara Nunnally by Sara Nunnally, Today’sFinancialNews.com Wednesday, November 14, 2007 Baltimore — (TFN): BHP Billiton cheerfully submitted [...]

Resource Investing: What to make of the Rio Tinto - BHP Billiton merger plans

“If BHP did indeed buy out Rio Tinto, the resulting company would control 36% of the seaborne iron ore market and it would hold a third of the global coal market (mostly the third that’s not powering China at the moment). And if nothing else, a company with a controlling stake in two of its [...]