Mining

Iluka Resources (ILU)

Sat, 05/07/2008 - 11:33

Stock Code

ILU

Stock Exchange

Australian Securities Exchange

Iluka Resources Limited (ILU) is engaged in the mining, exploration, separation and concentration of mineral sands as well as in the production synthetic rutile, rutile, ilmenite, coal, zircon and other titaniferous concentrates. ILU was listed on the Australian Stock Exchange (ASX) on the 30th of June 1962. Its average annual revenue reaches approximately $1 million out of its issued capital of $611 million. Its headquarters is located in Perth, Australia and to date; around 1,600 people are employed in the company.

IC2 Global (ICC)

Sat, 05/07/2008 - 11:18

Stock Code

ICC

Stock Exchange

Australian Securities Exchange

ICC also focuses on mining exploration activities. ICC was listed on the Australian Stock Exchange on the 13th of February 1955. Its average annual revenue reaches approximately $63 thousand out of its issued capital of $70 million. Its headquarters is located in Subiaco, Australia and to date; around 7 people are employed in the company.

Rio Tinto

Sat, 09/02/2008 - 02:10

Stock Code

RIO

Stock Exchange

Australian Securities Exchange

Rio Tinto is a leading international mining group, combining Rio Tinto plc, a London listed public company headquartered in the UK, and Rio Tinto Limited, which is listed on the Australian Stock Exchange, with executive offices in Melbourne. The two companies are joined in a dual listed companies (DLC) structure as a single economic entity, called the Rio Tinto Group. Rio Tinto was listed on the ASX (Australian Stock Exchange) on 19 September, 1962.

BHP Billiton

Mon, 04/02/2008 - 10:43

Stock Code

BHP

Stock Exchange

Australian Securities Exchange

BHP Billiton is a single combined company comprised of two legal entities: BHP Billiton Limited (as traded on the Australian Stock Exchange [ASX] as ticker code BHP) ad BHP Billiton Plc (as traded on the London Stock Exchange [LSE] as ticker code BLT). The company is an exporter of metallurgical coal for the steel industry; an exporter of energy coal; a producer of iron ore, copper, nickel, manganese ore, primary aluminums, and manganese and chrome ferroalloys. It also has substantial interests in oil, gas, liquefied natural gas (LNG), diamonds, silver, and titanium minerals.

Sinosteel Deal with Murchison Metal Faces Delays


It was officially revealed today that Rudd government has officially prohibited any move by China's state owned Sinosteel to acquire stakes in Murchison Metal. The Foreign Investment Review Board would delay its decision for 90 days about Chinese take over bid on West Australia's mining company. Rudd government is planning for new regime that would limit foreign stakes in Australian companies or their take over.

Cazaly-Fortescue Duel with Rio Tinto


Cazaly Resources share prices soared at the Australian stock exchange after its announcement to team up with Fortescue Metals to mine the iron in Pilbara region in Western Australia. It has obtained the documents for renewal process of the land by Rio Tinto under the Freedom of Information Act. It now claims that there are several defects in the renewal process that leaves the land open for rights to occupancy. However, Rio Tinto has strongly objected to any such allegations.

Metals and Mining Update


Analyst Citigroup Investment Research (CIR) have released a Metals and Mining Update: Earnings upgrades have extended the plateau, and when combined with compelling relative PERs set a robust outlook for the sector. Demand growth in China appears to be improving as expected, but volatility could continue driven by uncertainty in the US housing/economy.

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