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 […]
DOUGLAS HAMILTON MINING company shares jumped to the top of the leader board on the London Stock Exchange yesterday, as speculation that BHP Billiton and Rio Tinto may try to buy Alcoa, the US aluminium firm, added fuel to ongoing consolidation hopes in the sector.
Antofagasta led the Footsie winners’ list, rising 3.4%, or 15.5p, to […]
Copper prices were buoyed on Friday by the prospect of a strike at a Peruvian mine, while Bolivia’s leftist president Evo Morales has put a shudder through the mining industry by nationalising Glencore’s tin, zinc and lead operations there.
The trend for governments to take advantage of the windfall profits being generated by miners is continuing, […]
Nickel futures fell 3 percent at one point on the London Metal Exchange on Thursday and the metal ended lower as a possible strike at Xstrata’s Sudbury operations was prevented.
Three-months futures traded as low as $35,900 per ton, down $1,200 from its previous closing price, before narrowing losses to $36,850 at the close.
European shares ended higher Wednesday, as oil and metal producers gained ground, with the market shrugging off declines from technology companies SAP and STMicroelectronics.
The U.K. FTSE 100 index added 1.4 percent to 6,314.80, the German DAX Xetra 30 index increased 1 percent to 6,748.37 and the French CAC-40 index rose 1.1 percent to 5,638.08, a […]
LEADING shares managed to stay in positive ground yesterday despite a 15 per cent slump for sugar and sweetener firm Tate & Lyle. The FTSE 100 index closed up 9.2 points at 6,227.2.
Tate & Lyle delivered a surprise profits warning, saying that its annual profit would be modestly below current market forecasts, hit by a […]
The London-based metal and mining major Vedanta Resources plc, which has completed a Rs.45 billion expansion of Bharat Aluminium Co Ltd (Balco) here, will further pump in about Rs.100 billion ($2.26 billion) to further increase its production capacity.
‘Vedanta Resources will invest Rs.100 billion for further expansion of Balco to add another 500,000 tonnes per annum […]
Britain’s FTSE 100 index of leading shares ticked higher on Thursday as oil and mining stocks rose on recovering prices of their commodities.
Miners led the positive start to the session after gold and copper prices regained lustre, with Xstrata , Vedanta and Chilean miner Antofagasta and all rising between 1 and 2 percent.
“The copper price, […]