19 hrs ago
Ford to Close Australian Car Manufacturing Plants After 88 Years
Ford Motor Co. will stop making cars in Australia, nine decades after founder Henry Ford first began building Model Ts in the country, as a surge in the currency undermines the local industry's ability to compete with imports.
Tue May 21, 2013
Mining Services Feel Heat as Australia Resource Boom Cools
Service companies that rode the wave of investment in Australian resources are facing harder times, reporting a slew of earnings downgrades and preparing to move their focus overseas as a decade-long mining boom slows.
Fri May 17, 2013
Australian shares end up; Aussie dlr weakness helps, BHP rebounds
Australian shares rose 0.3 percent on Friday as firms exposed to the U.S. market benefited from further weakness in the Australian dollar, while big-cap miners like BHP Billiton Ltd rebounded on short-covering. BHP jumped 1.9 percent while rival Rio Tinto Ltd climbed 1.1 percent, which helped offset a weak lead from Wall Street overnight, analysts ... (more)
Thu May 16, 2013
Asian stocks mixed in holiday-thinned trading after US economic data disappoints
Asian stock markets were mixed in holiday-thinned trading Friday as investors digested a slew of disappointing economic data and corporate results from the U.S. Applications for unemployment benefits jumped to their highest level in six weeks, the U.S. Labor Department reported Thursday, while manufacturing slowed in the mid-Atlantic region.
Wed May 15, 2013
Australia Resource Investment Peak Overplayed -Wood Mackenzie
Investment in Australia's resources sector should remain strong over the next three years, according to consultancy Wood Mackenzie, which Thursday said fears of a sharp slide in spending after a 2013 peak aren't likely to be realized.
Colombia's Coal Output Drops 21% in First Quarter From Year Ago
Colombia, one of the top coal exporters in the world, suffered a drop in coal production in the first three months of the year as a result of a labor strike and environmental problems that prompted a halt in output.
Resource Investing News
Daren Oddenino: How to Spot Oil and Gas Takeout Targets
Let's make one thing clear: There is no magic formula to determine which company will be the next big buyout story.
Tue May 14, 2013
Australia shares fall 0.7 pct as major miners drag
Australian shares pared earlier gains and dropped 0.7 percent in late morning trade on Wednesday, as miners deepened their losses on weaker metal prices and offset gains in companies likely to benefit most from weakness in the Australian dollar.
Total and BP Outbid Oil Rivals for Brazil Amazon Coast Licenses
Total, based in Paris, gained exploration access to operate five blocks at the Foz do Amazonas basin in northern Brazil together with partners BP and Petroleo Brasileiro SA, the oil regulator said today.
BHP Billiton Targets Fall in Fiscal Year 2014 Capex to About US$18 Billion
BHP Billiton Ltd. said Tuesday its capital and exploration expenditure will peak this financial year and then decline in the years ahead, helping the resources company maximize returns from incremental investments and boost free cash flow.
Mon May 13, 2013
Japanese, Australian Stock Futures Advance on U.S. Retail Sales
Japanese and Australian stock futures rose after a report showed U.S. retail sales unexpectedly advanced in April, buoying the earnings outlook for Asian exporters.
Sun May 12, 2013
BHP Billiton Stock Rating Upgraded by HSBC
A number of other firms have also recently commented on BHP. Analysts at RBC Capital reiterated an "outperform" rating on shares of BHP Billiton in a research note to investors on Wednesday, April 17th.
Australia Stocks Fall As Miners, Banks Struggle
Australian stocks slipped Monday, as the benchmark opened the week by pulling back from its highest closing level in nearly five years.
Coking Coal Contracts Seen Slipping to Record Low, Survey Shows
BHP Billiton Ltd. , the world's biggest exporter of steelmaking coal, may face a drop in contract prices to a record low in the third quarter amid rising supply and weaker Asian demand.
Fri May 10, 2013
Private equity set to pounce as mining houses sell assets
Mining firms led by BHP Billiton are holding the biggest sale of assets this year just as commodity prices head into a bear market.
Thu May 09, 2013
BHP's Kloppers bids adieu
A day after Sam Walsh fronted Rio Tinto's annual meeting in Australia for the first time as chief executive, his counterpart at BHP Billiton, Marius Kloppers, will today spend his last day in charge of day-to-day operations at the world's biggest mining company.
Wed May 08, 2013
Mosaic Deal Talk Sparked as Barriers Lift: Real M&A
Mosaic Co. , the fertilizer maker that was split off from Cargill Inc. two years ago, is poised to become the industry's biggest takeover target after hurdles to a deal are lifted this month.
Iron Ore Seen Dropping by BHP as Supply Growth Tops Demand
Global iron ore supplies will expand faster than demand over the long term, potentially lowering prices and reducing volatility of the raw material used to make steel, according to BHP Billiton Ltd.
Tue May 07, 2013
UK Stocks-Factors to watch on May 8
Britain's FTSE 100 index is seen opening 3 to 5 points higher, or up by as much as 0.1 percent, on Wednesday with strong Chinese trade data set to boost sentiment.
Capstone Mining 2013 First Quarter Financial Results Demonstrate Solid Progress and Growth
Copper production for the quarter at Capstone's two operating mines, Cozamin and , totalled 18.6 million pounds in concentrates at a C1 cash cost of ) to discuss these results; call-in details are provided at the end of this release.