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.

Miners optimistic about Chinese iron ore price talks

Mining giants BHP Billiton and Rio Tinto will update the markets on their financial performance this week against the backdrop of difficult talks with China over iron ore pricing.

Iron ore miners 'have begun price talks with Chinese'

The world's biggest iron ore producers have opened negotiations aimed at setting the annual price of the commodity, according to reports from China yesterday.

BHP, Rio Tinto face Euro competition inquiry

European competition authorities today opened an investigation into BHP Billiton and Rio Tinto’s huge iron ore joint venture in Western Australia.

Chinese prosecutors to rule on fate of 'Rio Four'

Chinese police have concluded investigations into four employees of the Australian mining giant Rio Tinto, who were arrested last year on suspicion of bribery and corporate espionage.

Steel industry fights Rio's tie-up with BHP

Eurofer, the European steel industry body, last night called on the European Union to block BHP Billiton and Rio Tinto's iron ore joint venture in Western Australia, arguing that the tie-up between the two mining giants will lead to "market concentration".

Market Report: Recovery hopes drive DSG to fresh high

DSG International last night closed at its highest level since October 2008, rallying by more than 8 per cent on hopes of an improvement in the electricals market.

Market Report: Miners lead blue chips higher amid bid talk

Rumours that BHP Billiton could be set to renew its interest in rival mining giant Rio Tinto circulated yesterday, giving a boost to the FTSE 100's leading mining stocks.

OECD 'holds key to commodity prices'

BHP Billiton’s chief executive sounded a cautionary note at the group’s annual general meeting yesterday, saying that it will be the middle of next year before the world’s biggest mining group would know if demand for commodities had stabilised. Marius Kloppers said Chinese demand had largely accounted for the growth in commodity prices in the last six months, but while Chinese stockpiling was largely complete, he said, growth in 2010 depended on demand from OECD countries.

Jailed Rio staff face new delays

Chinese investigators extended their inquiry into espionage allegations against four Rio Tinto employees yesterday, saying it would last at least another month.

BHP's Kloppers gets 51% rise as profits sink

Despite saying that the past 12 months were among the toughest on record for the mining industry, Marius Kloppers, the chief executive of the resources giant BHP Billiton, received a 51 per cent pay rise last year. The increase comes amid falling profits, the recession and the company's failure to pull off the takeover of rival Rio Tinto.

Xstrata's bid for Anglo reaches crucial stage

Mining group may walk away from the proposed "merger of equals" deal, say industry analysts

Britain's own Watergate scandal (shurely shome mishtake? Ed)

Francis Wheen tells Ian Burrell of a decade of paranoia when all journalists dreamed of being the next Woodward and Bernstein

Climate camp venue revealed

Around 1,000 activists descended today on a stretch of open land in London after the location of the week-long Climate Camp was finally revealed.

Climate protesters target the 'dirty dozen'

Michael McCarthy, Environment Editor, reveals the 2009 Climate Camp's plans for a week of direct action

Rio Tinto posts big profit drop but pays down debt

Rio Tinto unveiled a record 64 per cent drop in first-half profits yesterday, saying it was "cautious" about the short-term outlook for commodities.

Career Services

Day In a Page

Independent Travel
Pompeii, Capri & the Bay of Naples
Dubrovnik, the Dalmatian Coast & Montenegro
Burgundy, the River Rhone & Provence
Lisbon, Oporto and the Douro Valley
Lake Garda, Venice & Verona
Spain
Prices correct as of 23 January 2015
Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign

What the six wise men told Tony Blair

Months before the invasion of Iraq in 2003, experts sought to warn the PM about his plans. Here, four of them recall that day
25 years of The Independent on Sunday: The stories, the writers and the changes over the last quarter of a century

25 years of The Independent on Sunday

The stories, the writers and the changes over the last quarter of a century
Homeless Veterans appeal: 'Really caring is a dangerous emotion in this kind of work'

Homeless Veterans appeal

As head of The Soldiers' Charity, Martin Rutledge has to temper compassion with realism. He tells Chris Green how his Army career prepared him
Wu-Tang Clan and The Sexual Objects offer fans a chance to own the only copies of their latest albums

Smash hit go under the hammer

It's nice to pick up a new record once in a while, but the purchasers of two latest releases can go a step further - by buying the only copy
Geeks who rocked the world: Documentary looks back at origins of the computer-games industry

The geeks who rocked the world

A new documentary looks back at origins of the computer-games industry
Belle & Sebastian interview: Stuart Murdoch reveals how the band is taking a new direction

Belle & Sebastian is taking a new direction

Twenty years ago, Belle & Sebastian was a fey indie band from Glasgow. It still is – except today, as prime mover Stuart Murdoch admits, it has a global cult following, from Hollywood to South Korea
America: Land of the free, home of the political dynasty

America: Land of the free, home of the political dynasty

These days in the US things are pretty much stuck where they are, both in politics and society at large, says Rupert Cornwell
A graphic history of US civil rights – in comic book form

A graphic history of US civil rights – in comic book form

A veteran of the Fifties campaigns is inspiring a new generation of activists
Winston Churchill: the enigma of a British hero

Winston Churchill: the enigma of a British hero

A C Benson called him 'a horrid little fellow', George Orwell would have shot him, but what a giant he seems now, says DJ Taylor
Growing mussels: Precious freshwater shellfish are thriving in a unique green project

Growing mussels

Precious freshwater shellfish are thriving in a unique green project
Diana Krall: The jazz singer on being friends with Elton John, outer space and skiing in Dubai

Diana Krall interview

The jazz singer on being friends with Elton John, outer space and skiing in Dubai
Pinstriped for action: A glimpse of what the very rich man will be wearing this winter

Pinstriped for action

A glimpse of what the very rich man will be wearing this winter
Russell T Davies & Ben Cook: 'Our friendship flourished online. You can share some very revelatory moments at four in the morning…'

Russell T Davies & Ben Cook: How we met

'Our friendship flourished online. You can share some very revelatory moments at four in the morning…'
Bill Granger recipes: Our chef serves up his favourite Japanese dishes

Bill Granger's Japanese recipes

Stock up on mirin, soy and miso and you have the makings of everyday Japanese cuisine
Michael Calvin: How we need more Eric Cantonas to knock some sense into us

Michael Calvin's Last Word

How we need more Eric Cantonas to knock some sense into us