Miner Xstrata posts record thermal coal production in the third quarter and a more than 7 percent rise in overall coal output, thanks to the start of operations at its Mangoola mine and an ongoing recovery from a flood-hit start to 2011... more
Is the commodities correction over? As unconditional trading kicked off in commodities giant Glencore's shares today, Goldman Sachs - the bank which saw the recent slump in the cost of metals and oil in its crystal ball - had some welcome advice: investors should again be long in commodities... more
Xstrata, the world's fourth-largest copper producer, plans to phase out copper smelting and refining in Australia by the end of 2016 in the face of a worldwide capacity glut, dismantle its plants and shift to sales of concentrates... more
Xstrata plays hardball with the Australian government over its proposed supertax on miners’ profits, suspending investment worth A$586 million in two Queensland mines which it claims would “not be viable” under the levy ... more
Market Round-up: Talk is that the metals giant is weighing up an offer for the Australian miner, as Macarthur said says the investment bank representing Xstrata has approached one of its biggest shareholders... more
Xstrata posts an 11 per cent rise in annual output of coal, its most profitable product, while 2009 mined copper production fell by five per cent... more
The blockbuster mining merger that never quite happened was finally called off today as ultra-acquisitive Xstrata removed its tanks from the lawn of Anglo American ... more
Miner Xstrata today agreed to sell its 70% stake in the El Morro copper and gold project in Chile for $465 million (£294.4 million) to Canada’s Barrick Gold ... more
Swiss mining giant Xstrata has been given just three weeks to "put up or shut up" on its proposal to merge with rival Anglo American by the City Takeover Panel... more
Vedanta Resources claimed first place on the Footsie winners' board as Morgan Stanley says the miner's shares could be worth a staggering £68 - even if metal prices hardly rise from their current levels... more
The boss of mining giant Xstrata said today his company needs to go ahead with a proposed £40 billion merger with Anglo-American if it is to properly compete with the titans of the global mining industry ... more
The newly appointed chairman of Anglo-American has come out shooting over rival miner Xstrata’s hostile plans to force a £40 billion merger between the two ... more
Merchant ships, which have been riding at anchor off our shores for months, are now building-up a full head of steam as they look to benefit from increased Chinese demand for raw materials ... more
Has the wind of change start to blow through the High Street? Next chief executive David Keens popped into Goldman Sachs for a chat yesterday and was in bullish mood... more
London's hedge fund community may have had a torrid time last year but at least its favoured charity, Arki Busson's ARK (or absolute return for kids), has shown the way in moneymaking. In the year to August 2008, its income rose from £32.7 million to £40.2 million. Furthermore, hedge fund turmoil is not expected to affect the levels of pledges. ARK acknowledges that "the level of outstanding donor pledges is considered to be one of the charity's key risks" but that all funding pledges "due for payment have been received to date." So hats off to the generous hedgies and let's hope that spirit continues.... more
There is still no sign that the slump in the housing market has hit rock bottom. In fact, some property experts are predicting prices will continue falling throughout the remainder of this year, by as much as another 10% to 20% ... more
Sound check: German industrial metal band Rammstein literally play with fire in their live performances - and now they are about to unleash their singeing spectacle on London. Watch out for your eyebrows
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