Glencore, Xstrata Merger Now Complete
After more than a year of twists and turns and negotiations, the $75 billion merger between Glencore International and Xstrata became official today. The new company will also get a ...Read Full Story »
Posts related to ‘RIO’
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What Weak Caterpillar Outlook Means to Global Mining and Metals in 2013
It was just at the end of last week that we gave a pre-earnings update for Caterpillar Inc. (NYSE: CAT) in our DJIA earnings season scorecard, warning that the market ...Read Full Story »
Speculators Pulling Out of Commodities
Rising stockpiles of virtually every commodity had led to a sharp drop in long-dated noncommercial (speculative) futures. Slowing growth in the United States and elsewhere is getting the blame for ...Read Full Story »
Top Key Call Stocks from UBS Global Ideas of the Week (LOW, TWX, BUD, APC, KEY, AZN, RIO, UBS)
When the holidays wound down and we started off 2013, all the Wall St. firms started to put out their top stock picks for the year. We covered those various ...Read Full Story »
Chinese Steel Production to Slow, Big Miners Could Suffer
In an announcement today in Beijing, China’s National Development and Reform Commission, the country’s top planning agency, said that steel production in the country has reached a point where only ...Read Full Story »
24/7 Wall St. Closing Bell — March 19, 2013: Market Closes Mixed Without Solution in Cyprus (JNPR, RIO, CHK, EBAY, EA, FF, SBLK, FDS, WAG, ADBE, CTAS, FTEK, WSM, FDX, GIS, LEN, AFFY, S, HAL, SLB)
U.S. equity markets opened higher this morning but worries about a resolution to the banking crisis in Cyprus soon took over and pushed shares down. In other parts of Europe, ...Read Full Story »
Top Analyst Upgrades and Downgrades (ADT, BAC, BHP, CHK, CI, GLW, DE, EBAY, EA, JCP, JNPR, LULU, MNTA, OGE, RSH, RIO, TEF, RIG, UNM)
Investors and traders constantly seek new good research-driven ideas for stocks to buy and for stocks to sell. Some of these come from independent research and some come from the ...Read Full Story »
Glencore Follows Other Big Miners to Lower Profits
London-traded Glencore International has been making news for more than a year now for its takeover of Xstrata, a mining company of which Glencore already owns about 40%. The company ...Read Full Story »
Glencore’s CEO Weighs In on Mining’s Future
We have already covered the sea change that is washing over the mining industry. Where past practice has been to invest heavily in new assets with the strategy that growth ...Read Full Story »
Miners Looking for More Gold — on Wall St.
Without going through all the changes in the top management of the world’s largest mining companies, there is one thing that stands about virtually all of these changes: putting more ...Read Full Story »
Mining Call: Three to Five Year Challenges Awaiting New CEOs
Investors of BHP Billiton (NYSE: BHP) and Rio Tinto (NYSE: RIO) have taken a beating along with many other mining investors in recent days. There is an interesting multi-year outlook piece around ...Read Full Story »
Barrick Posts Big Net Loss Due to $4 Billion Write-Down
Barrick Gold Corp. (NYSE: ABX) reported fourth-quarter and full-year 2012 earnings before markets opened this morning. For the quarter, the gold miner posted adjusted earnings per share (EPS) of $1.11 ...Read Full Story »
Mining Companies Wrote Off Almost $50 Billion Last Year
Everything about the mining industry is big, so it should come as no surprise that when things don’t work out as planned, the mistakes are big too. Two mining CEOs ...Read Full Story »
Cliffs Takes Charge on 2011 Acquisition
Iron ore miner Cliffs Natural Resources Inc. (NYSE: CLF) said this morning that it would take a $1.4 billion non-cash impairment charge related to several of its mining operations in ...Read Full Story »
$14 Billion Write-Down Costs Rio Tinto CEO His Job
Mining giant Rio Tinto PLC (NYSE: RIO) said this morning that the company expects to take a noncash impairment charge totaling $14 billion in its full-year 2012 results. Rio Tinto’s ...Read Full Story »
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