U.K. stocks fell, led by BHP Billiton Ltd., the world’s largest mining company, and Rio Tinto Group as metal prices retreated.
Provident Financial Plc, a U.K. lender to lower-income households, dropped after saying 2007 pretax profit before items will fall. Arriva Plc declined after saying 2007 earnings at its rail division will be affected by the […]

The World Bank said on Thursday Zambia should raise mineral royalties paid by foreign mining firms and even introduce windfall taxes if feasible to gain more benefit from higher global metals prices.
New World Bank country manager for Zambia Kapil Kapoor said the mineral-rich southern African country should take advantage of higher metal prices and raise […]

Indian firms owned by steel tycoon Lakshmi Mittal and U.S.-based AES Corp are among 31 private firms that have been allocated coal mining rights by the government, official document seen by Reuters showed on Friday.
Mittal Steel India Ltd, power producers Sterlite Energy Ltd, a subsidiary of Vedanta Resources; Tata Power Company Ltd, Reliance Energy Ltd […]

India`s Bharat Aluminium Co. has signed memorandum of understanding with the state of Chhattisgarh for a new 650,000 t aluminium smelter.
The new unit to be set up in the state`s Korba town will cost 81 billion rupees (US$2 billion), Balco said in a statement.
On completion this will become the largest single location aluminium […]

Emerging copper producer Equinox Minerals has put a final touch on financing for its 100%-held Lumwana copper project in Zambia by securing a credit facility for contingent costs.
Equinox said the $45 million facility would only be used if cost overruns or other contingent obligations were encountered at the $847 million project, where mine commissioning was […]

Global Gold Corporation (OTCBB: GBGD) is pleased to announce that its wholly owned subsidiary, Global Gold Uranium, LLC, has commenced an airborne radiometric and magnetic survey over the Cochrane Pond uranium property located in southern Newfoundland. The survey is expected to take approximately four weeks to complete and will be followed by a prospecting program.
Global […]

Britain’s FTSE 100 index rose nearly 1 percent to its highest close since September 2000 on Friday as oil shares surged on talk of sector consolidation and miners gained on firmer metal prices.
The FTSE 100 index was little affected by the announcement of China’s central bank to let its yuan currency trade more freely and […]

Sterlite Industries (India), a unit of billionaire Anil Agarwal’s Vedanta Resources, plans to raise as much as $2 billion in its first share sale in the US to pay for a new power plant.
Sterlite, India’s largest copper producer, would sell shares that will trade on the New York Stock Exchange, the company said in a […]

European stocks retreated Wednesday after a slide in metals sent mining shares lower and concerns grew about technology profits.
BHP Billiton dropped 31 pence to £11.47 as copper prices fell.
Nokia and Atos Origin led a drop by technology shares, following disappointing earnings by the U.S. heavyweights Yahoo and International Business Machines.

Leading shares closed higher Monday, finishing back above the 6,500 level for the first time in 6-and-a-half years with consolidation hopes boosting the banking sector, while mining stocks were also ahead.
By the close, the FTSE 100 ended up 53.8 points at 6,516.2, its highest level since August 2000. The broader markets finished strongly too with […]