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Stock Market & Financial Investment News

News Breaks
January 30, 2013
06:13 EDTXSRAY, VALE, GLNCY, AAUKY, BHP, RIOMining, steel firms face $50B in write downs for takeovers, Bloomberg reports
Major mining and steel companies worldwide have wiped about $50B off project valuations in the past year and that's expected to continue this earnings season as managers review expensive takeovers, reports Bloomberg Anglo American (AAUKY), Vale (VALE) and Rio Tinto (RIO) led the write downs. Glencore International (GLNCY) may write down some nickel and copper assets acquired through its takeover of Xstrata (XSRAY), Liberum Capital has said. BHP Billiton (BHP) may reduce aluminum operation valuations, according to Goldman Sachs Group and Sanford C. Bernstein. Reference Link
News For AAUKY;VALE;RIO;GLNCY;XSRAY;BHP From The Last 14 Days
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March 26, 2015
08:56 EDTRIORio Tinto CEO dismisses iron ore quota plan, Reuters says
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08:35 EDTRIORio Tinto set to cut 'at least' 1,500 jobs, Sky News reports
According to Sky News, Rio Tinto will cut "at least" 1,500 jobs as it struggles with a decline in global commodity prices. According to the report, a "substantial portion" of the jobs will be cut at the company's London headquarters, and the bulk of the planned reductions will occur at Rio's operations in Western Australia. CEO Sam Walsh last month announced a reorganization focused on "streamlining its product groups and corporate functions as part of the continued focus on efficiency and costs." Reference Link
07:13 EDTVALEVale could sell ships, rail stake before selling mining assets, Reuters reports
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March 25, 2015
13:15 EDTVALEVale initiated with an Outperform at Macquarie
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05:52 EDTVALEStocks with implied volatility movement; VALE PM
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March 23, 2015
11:26 EDTVALEStocks with call strike movement; VALE RAD
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09:34 EDTRIOIAMGOLD to sell Diavik Diamond royalty to Sandstorm Gold for $56.8M
AMGOLD (IAG) announced that it has completed an agreement with Sandstorm Gold (SAND) to sell the Company's gross proceeds royalty over property in Lac de Gras in the Northwest Territories, Canada, including property constituting the Diavik Diamond Mine. The Diavik Diamond Mine is owned, under an unincorporated joint venture structure, 60% by Diavik Diamond Mines, a subsidiary of Rio Tinto (RIO), and 40% by Dominion Diamond Diavik Limited Partnership, a subsidiary of Dominion Diamond (DDC). The Diavik Diamond Royalty is being sold for total proceeds of $56.8M, comprised of $52.5M cash on closing and three million five-year warrants exercisable after initial production from the Diavik Diamond Mine's A21 pipe at an exercise price of $4.50, valued at $4.3 million based on the Company's internal valuation methodology.
09:33 EDTRIOSandstorm Gold acquires royalty on Diavik diamon mine operated by Rio Tinto
Sandstorm Gold (SAND) announced that the company has acquired a 1% gross proceeds royalty over property in Lac de Gras in the Northwest Territories, Canada, including property constituting the Diavik Diamond Mine operated by Rio Tinto (RIO). Sandstorm acquired the Diavik Mine Royalty from IAMGOLD Corporation for $52.5M in cash and 3M warrants of Sandstorm. The warrants have a 5 year term, a strike price of $4.50 per Sandstorm common share and will be exercisable following initial production from the Diavik Mine's A21 pipe.
March 19, 2015
11:26 EDTVALEVale management to meet with Jefferies
Meetings to be held in Boston/New York on March 25-26 hosted by Jefferies.
March 17, 2015
13:14 EDTBHPBHP Billiton upgraded to Buy from Neutral at Citigroup
10:00 EDTAAUKYOn The Fly: Analyst Downgrade Summary
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08:39 EDTAAUKYAnglo American downgraded to Sector Performer from Outperformer at CIBC
05:51 EDTBHPBHP Billiton's South32 demerger to cost $738M
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March 16, 2015
10:02 EDTRIO, BHPOn The Fly: Analyst Downgrade Summary
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09:07 EDTBHPBHP Billiton downgraded to Neutral from Overweight at HSBC
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08:10 EDTRIORio Tinto downgraded to Neutral from Overweight at HSBC
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March 13, 2015
06:32 EDTBHPU.S. looking into importing ferroalloy from BHP plant, Reuters says
The Department of Commerce is looking into inexpensive ferroalloy imports from a BHP Billiton plant in Australia, reports Reuters, citing the Department of Commerce. Reference Link
March 12, 2015
11:47 EDTVALEStocks with call strike movement; LL VALE
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10:01 EDTVALEOn The Fly: Analyst Downgrade Summary
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06:57 EDTVALEVale downgraded to Underperform from Neutral at BofA/Merrill
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