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Last year Carphone Warehouse hung up on its partnership with US retailer Best Buy, but today it picked up new partner Samsung and approving investors piled in.

Xstrata profits slump as commodity prices decline

Xstrata, the mining giant that is pursuing a £57bn mega-merger with Glencore, yesterday reported a 42 per cent tumble in first-half profits as commodity prices fell sharply.

ENRC seals Congolese deal for $101m

ENRC has bought a licence to operate the Frontier mine in Congo, a deposit held by Canada's First Quantum until it was confiscated two years ago.

Rio hits output highs but sounds warning

The mining giant Rio Tinto reported record production of iron ore and coking coal for the first half of the year yesterday, but issued a grim warning about the global economy.

The Business Matrix: Saturday 23 June 2012

Bleasdale loses dismissal case

Miner close to Afghan rights

Afghan Gold, a venture formed by Ian Hannan – the star rainmaker recently accused of market abuse – has been shortlisted for a string of mining licences in the war-torn state.

The trapped miners vowed to walk to freedom at the end of their ordeal but needed the help of their rescuers when they finally emerged

Nine Peruvian miners walk free after six-day ordeal

Peru was celebrating yesterday after the rescue of nine trapped miners whose lives had hung in the balance for six days as oxygen was pumped to them through a hose.

Rescue workers in the collapsed mine

Nine trapped miners rescued after Peru cave-in

Nine miners have been rescued after spending five days trapped in a collapsed gold and copper mine in Peru.

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.

San Francisco Cathedral in downtown Lima

Lima: A new street spirit

The Peruvian capital was once said to be the most dangerous in South America. Mark Rowe sees how Lima's changed on a new walking tour

Market Report: Exillon on the rise after rumour of Russian suitors

It has been on its knees recently, but Exillon Energy spurted up yesterday after becoming the latest oil group to get a boost from takeover talk. The Russia-focused explorer – which has seen its share price more than halve over the past year – jumped nearly 8 per cent as speculation was reheated that it could become a target.

Lower Chinese growth target gives world markets the jitters

Chinese premier Wen Jiabao sent tremors through global markets yesterday, as the world's biggest economy set its least-ambitious growth target for eight years.

Should you gold plate your ISA?

Samantha Downes wonders if commodities are a wise choice for the ordinary investor

<p>1. Rowenta DG8760 Pro Perfect</p>
<p>£188.02 amazon.co.uk</p>
<p>This iron sails through crumpled laundry, even tough linen, with complete ease, which you'd hope, at this price.</p>

The 10 Best irons

1. Rowenta DG8760 Pro Perfect

£188.02 amazon.co.uk

This iron sails through crumpled laundry, even tough linen, with complete ease, which you'd hope, at this price.

BHP and Rio bet on copper with expansion

BHP Billiton and Rio Tinto have announced plans to invest $4.5bn (£2.9bn) to expand the world's biggest copper mine.

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