News

The newly forged iron ore-to-copper empire Glencore Xstrata was forced to slash the value of its assets by $8.5bn (£5.4bn) in the first set of results since the merger that created it.

Nationalisation of industry fears 'harming South Africa'

Persistent fears that South Africa could order a forced nationalisation of its huge mining industry are jeopardising vast amounts of potential investment in the country, the ratings agencies Fitch and Standard & Poor's have separately warned.

Nationalisation of South African mining 'still a threat'

Persistent fears that South Africa could order a forced nationalisation of its huge mining industry are jeopardising vast amounts of potential investment in the country, the ratings agencies Fitch and Standard & Poor's have separately warned.

Rio's $3.7bn iron ore expansion plan

The mining titan Rio Tinto has set out plans to spend $3.7bn (£2.4 bn) on expanding its iron ore operations in Pilbara, Western Australia.

Losing their shine: Rio Tinto plans to sell flagging diamond mines for up to $2bn

Rio Tinto yesterday declared diamonds aren't forever as it put its mining operations for the precious gemstone up for sale with an expected price of $2bn.

Investment View: Rio or BHP could be the best betsfor a long-haul punt on mining

There are no two ways about it: the big four FTSE 100-listed diversified mining groups had a cracking start to the year. In the first two months of 2012, Rio Tinto and Xstrata's shares both jumped by nearly a third, while BHP Billiton and Anglo American turned in a relatively poor performance, up by a mere fifth.

Market report: Takeover talk ratchets up shares and excitement

There is nothing like bid talk to get the Square Mile excited, and there was plenty to whet the appetite yesterday. The news that Vodafone is eyeing up Cable & Wireless Worldwide was not the only prospective deal on investors' minds amid claims that companies are eager to start splashing the cash.

Investors resist Glencore-Xstrata merger

A multibillion-pound tie-up set to create the world's fourth largest natural resources firm met instant criticism today as two major UK investors said they would vote against the move.

Mining giants Glencore and Xstrata agree $90bn merger deal

Mining heavyweights Glencore and Xstrata have unveiled a deal to create the world's fourth largest natural resources firm worth 90 billion US dollars (£57 billion).

Mark Leftly: Rio Tinto grabs a slice of Canada's uranium riches

Now it just needs to make sure it keeps hold of it

Pakistan says no to Antofagasta

Pakistan's Baluchistan province has rejected a mining lease application from Chilean copper producer Antofagasta and Canada's Barrick Gold, raising questions over the future of their Reko Diq copper-gold project.

Polymetal looks to raise up to £518m

The Russian precious metals miner Polymetal has increased the amount it hopes to raise with its London stock market listing this year, seeking up to £518m as it eyes a place in the FTSE 100.

Glencore profits drive hunt for more acquisitions

Glencore yesterday said it was looking for more acquisitions after the giant commodities trader unveiled first-half profit up 50 per cent in its first set of results since its huge flotation.

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