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Stock Market & Financial Investment News

News Breaks
February 8, 2013
06:13 EDTXSRAY, VALE, RIO, BHPAustralian Prime Minister Gillard rejects mining tax changes, Herald Sun says
Australian Prime Minister Julia Gillard backs the current mining tax and opposes design changes. Ms. Gillard stated that a "production boom" would increase revenues, not a tax revision, according to Herald Sun. Reference Link
News For RIO;BHP;VALE;XSRAY From The Last 14 Days
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March 30, 2015
10:00 EDTBHPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: BHP Billiton (BHP) upgraded to Outperformer from Sector Performer at CIBC...Analog Devices (ADI) upgraded to Overweight from Equal Weight at Barclays... Continental Resources (CLR) upgraded to Buy from Hold at Societe Generale... FirstEnergy (FE) upgraded to Overweight from Equal Weight at Barclays... Madison Square Garden (MSG) upgraded to Buy from Hold at Topeka... Madison Square Garden upgraded to Overweight at Morgan Stanley... Nike (NKE) upgraded to Outperform from Neutral at RW Baird.... Restoration Hardware (RH) upgraded to Buy from Neutral at Goldman... Wolverine World Wide (WWW) upgraded to Outperform from Neutral at RW Baird... Transocean (RIG) upgraded to Neutral from Reduce at Global Hunter... Oracle (ORCL) upgraded to Outperform from Sector Perform at RBC Capital... Hertz (HTZ) upgraded to Equal Weight from Underweight at Morgan Stanley... Kraft Foods (KRFT) upgraded to Buy from Hold at Canaccord... GoPro (GPRO) upgraded to Buy from Neutral at Dougherty... Tetra Technologies (TTI) upgraded to Outperform from Sector Perform at Scotia Howard Weil.
07:30 EDTVALEJohn Tumazos to hold a conference
Very Independent Research Metals & Natural Resources Conference is being held in New York on March 30 with webcasted company presentations to begin at 8 am; not all company presentations may be webcasted. Webcast Link
06:32 EDTBHPBHP Billiton upgraded to Outperformer from Sector Performer at CIBC
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 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
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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