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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