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Stock Market & Financial Investment News

News Breaks
November 28, 2012
18:08 EDTRIO, BTU, AARio Tinto CEO says aluminum, thermal coal most challenging businesses
This is being reported by Bloomberg.
News For RIO;AA;BTU From The Last 14 Days
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March 30, 2015
08:06 EDTAAAlcoa to curtail smelting capacity in Brazil, sees Q1 charge of 1c per share
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08:03 EDTAAAlcoa to curtail smelting capacity in Brazil, sees Q1 charge of 1c
05:55 EDTBTUStocks with implied volatility movement; BTU SDRL
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March 29, 2015
15:58 EDTRIORio says previous proposals on Oyu Tolgoi 'best and final offer,' Reuters says
Rio Tinto is in talks with the Mongolia government on the details of its restarting operations at its Oyu Tolgoi mining operations, says Reuters. Rio's CEO Sam Walsh said proposals made to the Mongolian government by Rio Tinto last November to restart the long-delayed Oyu Tolgoi copper mine were the firm's "best and final offer" and won't be changed, added Reuters. Reference Link
March 27, 2015
15:15 EDTBTUPeabody sends communication to analysts regarding effects of royalty changes
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07:52 EDTAAAlcoa April volatility elevated into Q1 and outlook
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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
March 25, 2015
13:30 EDTBTUPeabody volatility elevated as shares trade near low end of historic range
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March 24, 2015
09:38 EDTAAActive equity options trading on open
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March 23, 2015
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
10:16 EDTAAAlcoa falls, levels to watch
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March 17, 2015
14:35 EDTAAAlcoa to curtail 443,000 mtpy of alumina refining capacity at Suralco
Lightweight metals leader Alcoa announced that it plans to curtail 443,000 metric tons per year of alumina refining capacity at Suralco in Suriname. In addition, the company and the Government of Suriname have agreed to pursue a transaction for a Government-owned entity to acquire the Suralco operations. The curtailment and potential transaction are in line with Alcoa’s recent announcement to review upstream capacity for possible curtailment or divestiture and the company’s strategic goal to create a globally competitive commodity business. The curtailment, which represents one digester, is expected to be complete by April 30. Both parties now intend to pursue a transaction where a Government-owned entity would acquire Suralco, including the mining, refining and Afobaka hydroelectric operations. Following the appropriate due diligence, the parties are targeting to reach agreement on the proposed transaction by July 1. The company will work closely with unions and employees to reduce the impact of the curtailment on affected employees by offering fair severance packages. The Paranam refinery and related mining operations employ approximately 700 people, in addition to contracted personnel. The net financial impact associated with the curtailment is not expected to be material to the company’s earnings.
12:05 EDTBTUU.S. coal sector predicted to see 'wave of bankruptcies'
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09:34 EDTAAActive equity options trading on open
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07:08 EDTAAAlcoa weakness creates buying opportunity, says Stifel
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March 16, 2015
16:00 EDTAAOptions Update; March 16, 2015
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10:02 EDTRIOOn The Fly: Analyst Downgrade Summary
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08:10 EDTRIORio Tinto downgraded to Neutral from Overweight at HSBC
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