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Stock Market & Financial Investment News

News Breaks
January 29, 2013
07:45 EDTJEC, RIOJacobs Engineering awarded contract from Rio Tinto Minerals
Jacobs Engineering Group (JEC) was awarded a contract from Rio Tinto Minerals (RIO) to provide engineering, procurement and construction management services for its plant expansion project in Boron, Calif. Officials are currently estimating the total project value at approximately $150M.
News For JEC;RIO From The Last 14 Days
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June 18, 2013
12:10 EDTRIOChina Minmetals may have interest in Rio's Canadian iron-ore assets, WSJ says
State controlled China Minmetals Corp said it may bid on Rio Tinto's iron ore operations in Canada, says the Wall Street Journal. The interest in those assets may be a sign that China hasn't lost its appetite for that type of assets despite an economic slowdown, added the Wall Street Journal.
11:42 EDTRIOBrazil mining bill may double royalty to 4%, Reuters says
Brazil presented a much anticipated bill to reform the country's 46-year-old mining code, says Reuters. The bill proposes new royalties of up to 4% and a new regulatory agency, added Reuters. Reference Link
07:51 EDTJECJacobs Engineering selected by Department of Homeland Security
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07:49 EDTJECJacobs Engineering awarded contract by Polimeri Europa UK
Jacobs Engineering Group announced that it was awarded a contract by Polimeri Europa UK, to provide engineering, procurement and construction management services to support a major expansion at Polimeri Europa UK's plant in Grangemouth, Scotland. Officials did not disclose the contract value, but noted that the project is expected to be executed out of Jacobs' Glasgow, Scotland office. Under the terms of the contract, Jacobs is providing EPCM services in collaboration with Polimeri Europa UK to support the installation of a new finishing line and the associated works. The expansion is expected to significantly increase Polimeri Europa UK's rubber production capacity at Grangemouth.
June 17, 2013
08:22 EDTRIOMining companies draw new regulator scrutiny, Bloomberg reports
Until now mining companies have been relatively free of political scrutiny. But world leaders, gathering in Northern Ireland for the Group of Eight summit beginning today, have mining transactions and companies in their cross hairs. They are proposing tighter oversight by requiring companies to disclose all payments made to foreign governments, reports Bloomberg.Reference Link
07:13 EDTRIOVale: China slowdown helped by Brazil currency depreciation, Bloomberg reports
Brazil’s Vale (VALE) said further local currency depreciation could counter cost rises and a slowdown in Chinese iron-ore demand as it seeks to regain market share from Rio Tinto (RIO) and BHP Billiton (BHP), reports Bloomberg.Reference Link
06:14 EDTRIOOn the Fly: Periodicals Wrap-Up
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June 13, 2013
08:19 EDTRIOEDF could take stake in Rio Tinto's French aluminum plants, Reuters reports
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June 12, 2013
06:24 EDTRIORio, Glencore consider combining Australian coal assets, Reuters reports
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June 11, 2013
07:49 EDTJECJacobs awarded contract by U.K. Ministry of Defence
Jacobs Engineering Group announced that it was awarded a contract to provide integrated delivery advisor services to the Defence Equipment and Support, or DE&S, organization of the U.K. Ministry of Defence. Company officials did not disclose the contract value, but noted that under the terms of the contract Jacobs is supporting the Materiel Strategy program managed by DE&S. The DE&S is responsible for administering and managing an annual budget of approximately $28B for equipment, equipment support and a logistics acquisition program on behalf of the UK Armed Forces.
June 10, 2013
12:53 EDTRIORio Tinto reports 28.4% stake in Constellium
As part of the ongoing evaluation of investment and investment alternatives, Rio Tinto (RIO) may may hold discussions with or make formal proposals to management or to the board of Constellium Holdco (CSTM).

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