News Breaks |
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| January 24, 2013 |
| 07:25 EDT |  | NEM, RIO, KGC, AAUKY, ABX, VALE | New mining CEOs puts a hold on major M&As, WSJ reports
With about 20 new CEOs at mining companies taking over it's unlikely that will translate to any major deals for now, reports the Wall Street Journal. “There is a frequently expressed view that the demise of a number of CEOs is partly related to failed or unsuccessful acquisitions,” said Patrick Loftus-Hills, head of global metals and mining at Moelis & Co. “That puts a lot of pressure on the replacement CEO if they are wanting to make a big, bold move.”Reference Link |
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News For RIO;VALE;AAUKY;NEM;ABX;KGC From The Last 14 Days Check below for free stories on RIO;VALE;AAUKY;NEM;ABX;KGC the last two weeks. |
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| June 19, 2013 |
| 16:01 EDT |  | ABX | Options Update; June 19, 2013
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| June 18, 2013 |
| 12:10 EDT | | RIO | China 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. |
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| 11:42 EDT | | VALE, RIO | Brazil 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 |
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| June 17, 2013 |
| 08:22 EDT | | RIO | Mining 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 |
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| 07:13 EDT | | VALE, RIO | Vale: 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 |
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| 06:14 EDT | | VALE, RIO | On the Fly: Periodicals Wrap-Up
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| June 14, 2013 |
| 05:45 EDT | | AAUKY | Coal exports fall on Asian oversupply, WSJ reports
Coal exports are slowing, reports the Wall Street Journal. In a troubling sign for U.S. coal producers, shipments fell 31% in April from March driven largely by an oversupply in Asia for metallurgical coal used in steel making. As a result, U.S. producers are now at a further disadvantage to overseas competitors because weakening metallurgical-coal prices are making high-cost U.S. production less profitable for export.Reference Link |
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| June 13, 2013 |
| 08:19 EDT | | RIO | EDF could take stake in Rio Tinto's French aluminum plants, Reuters reports
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| June 12, 2013 |
| 10:14 EDT |  | KGC | On the Fly: Downgrade Summary
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| 07:12 EDT | | KGC | Kinross Gold downgraded to Market Perform from Outperform at Cowen
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| 06:24 EDT | | RIO | Rio, Glencore consider combining Australian coal assets, Reuters reports
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| June 11, 2013 |
| 10:03 EDT | | KGC | On The Fly: Analyst Downgrade Summary
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| 09:16 EDT |  | KGC | On The Fly: Pre-market Movers
HIGHER: Dole Food (DOLE), up 21.9% after CEO offers buyout at $12 per share... Questcor (QCOR), up 32% after buying rights to develop Synacthen and Synacthen Depot in the U.S. from Novartis (NVS), upgrade to Buy at CRT Capital... CardioNet (BEAT), up 44% after announcing a three-year national provider agreement with UnitedHealthcare Insurance (UNH)... Catamaran (CTRX), up 13.2% after announcing a ten-year strategic pharmacy benefits deal with Cigna (CI)... Sprint (S), up 2% after Softbank (SFTBF) increases buyout offer terms. Clearwire (CLWR) up 1.2%. LOWER: lululemon (LULU), down 14.9% after reporting earnings, CEO announces plans to step down, stock downgraded at Sterne Agee and UBS... Texas Instruments (TXN), down 2% after narrowing second quarter revenue, earnings forecast ranges... Corinthian Colleges (COCO), down 15.4% after disclosing the receipt of a subpoena from the SEC. Corinthian peer Career Education (CECO) 5.5%... Kinross Gold (KGC), down 5.5% after canceling development project in Ecuador, taking $720M charge, stock downgraded at Canaccord. DOWN AFTER EARNINGS: LDK Solar (LDK), down 8.5%. |
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| 07:26 EDT |  | VALE | BofA/Merrill to host a conference
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| 06:31 EDT | | KGC | Kinross Gold downgraded to Hold from Buy at Canaccord
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| June 10, 2013 |
| 18:58 EDT | | KGC | On The Fly: After Hours Movers
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| 17:22 EDT | | KGC | Kinross Gold extends maturity date of revolving credit facility, term loan
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| 17:20 EDT | | KGC | Kinross Gold to cease Ecuador project development, take $720M charge
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| 12:53 EDT | | RIO | Rio 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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| June 7, 2013 |
| 10:11 EDT |  | VALE | On The Fly: Analyst Upgrade Summary
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