News

China continues to show off its influence over the London market as some of the big miners took a heavy dent on the first day when most trading desks were full after the festive celebrations.

Rio recovers from a dog of a deal

After a disastrous M&A adventure in 2007, the mining giant has staged a remarkable recovery

Alistair Dawber: Textbook tactics – but they don't always work

Bid. Rejection. Go hostile. For BHP Billiton, and Marius Kloppers, the $38.5bn (£25bn) bid for PotashCorp must feel like Groundhog Day.

BHP Billiton hopes jump in profits will help PotashCorp bid

BHP Billiton is hoping that a huge jump in annual profits, set to be announced this morning, will be enough to frighten off any potential rivals for Potash Corporation of Saskatchewan, which last week rejected a $38.5bn (£24.9bn) bid from the mining giant.

Australian vote heightens tax uncertainty

Several FTSE 100-listed resources companies are set to face nervous markets this morning, in the first day of trading since Australia's indecisive election result over the weekend raised the spectre of more changes to Canberra's planned super-tax on mining industry profits.

BHP goes hostile with $40bn PotashCorp bid

BHP Billiton has turned hostile with the $40bn (£26bn) cash offer rejected by the Canadian fertiliser giant Potash Corporation as "highly opportunistic" and "grossly inadequate".

Investment Column: Six ideas for striking it rich in mining

Randgold Resources; Ariana Resources

China sales fuel Rio Tinto growth

Rio Tinto trumped analysts' expectations yesterday when it unveiled record first-half earnings, driven by booming commodity sales, particularly to China.

Rio Tinto to spend $790m on Pilbara

Rio Tinto said yesterday that it plans to invest a further $790m (£495m) in its iron ore project at the massive Pilbara site in Western Australia.

Rio Tinto invests $170m in Guinea

Rio Tinto outlined plans to invest $170m (£107m) in the Simandou iron ore project in Guinea yesterday, despite ongoing disagreements with the West African state's government over various blocks on the asset.

Australian Prime Minister to call snap election

The Australian Prime Minister, Julia Gillard, is expected to call an election today, taking advantage of a rebound in support for her Labor party – narrowly ahead in opinion polls – and a robust economy.

Rio to sell South Africa project

Rio Tinto is selling its Chapudi coal exploration assets in South Africa for up to $75m (£50m).

Leading article: The real political power Down Under

The message is clear: Australian politicians tangle with the mighty national mining industry at their peril.

No agreement in talks on Australian mining tax

Talks between the Australian government and leading mining executives failed to break the deadlock over the proposed 40 per cent profits tax on the resources industry, both sides confirmed yesterday, with more negotiations now scheduled for the end of the week.

Afghans draft in PwC to open up $3trn mineral reserves

PricewaterhouseCoopers (PwC) has been called in by the Afghanistan government to develop its $3trn mining and minerals industry.

Mining industry claims triumph over Henry tax as Rudd goes

The mining industry could barely contain its collective glee yesterday as Australia's new Prime Minister, Julia Gillard, offered fresh talks on the country's proposed resources super tax, which the miners have spent millions of dollars campaigning against over the past two months.

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Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
3.	Provence 6 nights B&B by train from £599pp
Prices correct as of 20 February 2015
Homeless Veterans campaign: Donations hit record-breaking £1m target after £300,000 gift from Lloyds Bank

Homeless Veterans campaign

Donations hit record-breaking £1m target after huge gift from Lloyds Bank
Flight MH370 a year on: Lost without a trace – but the search goes on

Lost without a trace

But, a year on, the search continues for Flight MH370
Germany's spymasters left red-faced after thieves break into brand new secret service HQ and steal taps

Germany's spy HQ springs a leak

Thieves break into new €1.5bn complex... to steal taps
International Women's Day 2015: Celebrating the whirlwind wit of Simone de Beauvoir

Whirlwind wit of Simone de Beauvoir

Simone de Beauvoir's seminal feminist polemic, 'The Second Sex', has been published in short-form for International Women's Day
Mark Zuckerberg’s hiring policy might suit him – but it wouldn’t work for me

Mark Zuckerberg’s hiring policy might suit him – but it wouldn’t work for me

Why would I want to employ someone I’d be happy to have as my boss, asks Simon Kelner
Confessions of a planespotter: With three Britons under arrest in the UAE, the perils have never been more apparent

Confessions of a planespotter

With three Britons under arrest in the UAE, the perils have never been more apparent. Sam Masters explains the appeal
Russia's gulag museum 'makes no mention' of Stalin's atrocities

Russia's gulag museum

Ministry of Culture-run site 'makes no mention' of Stalin's atrocities
The big fresh food con: Alarming truth behind the chocolate muffin that won't decay

The big fresh food con

Joanna Blythman reveals the alarming truth behind the chocolate muffin that won't decay
Virginia Ironside was my landlady: What is it like to live with an agony aunt on call 24/7?

Virginia Ironside was my landlady

Tim Willis reveals what it's like to live with an agony aunt on call 24/7
Paris Fashion Week 2015: The wit and wisdom of Manish Arora's exercise in high camp

Paris Fashion Week 2015

The wit and wisdom of Manish Arora's exercise in high camp
8 best workout DVDs

8 best workout DVDs

If your 'New Year new you' regime hasn’t lasted beyond February, why not try working out from home?
Paul Scholes column: I don't believe Jonny Evans was spitting at Papiss Cissé. It was a reflex. But what the Newcastle striker did next was horrible

Paul Scholes column

I don't believe Evans was spitting at Cissé. It was a reflex. But what the Newcastle striker did next was horrible
Miguel Layun interview: From the Azteca to Vicarage Road with a million followers

From the Azteca to Vicarage Road with a million followers

Miguel Layun is a star in Mexico where he was criticised for leaving to join Watford. But he says he sees the bigger picture
Frank Warren column: Amir Khan ready to meet winner of Floyd Mayweather v Manny Pacquiao

Khan ready to meet winner of Mayweather v Pacquiao

The Bolton fighter is unlikely to take on Kell Brook with two superstar opponents on the horizon, says Frank Warren
War with Isis: Iraq's government fights to win back Tikrit from militants - but then what?

Baghdad fights to win back Tikrit from Isis – but then what?

Patrick Cockburn reports from Kirkuk on a conflict which sectarianism has made intractable