NEWS & EVENTS

1222053395 China's Jiangxi Copper issues convertible bonds
Jiangxi Copper (600362.SS) said it would issue up to 6.8 billion yuan ($995 million) of convertible bonds with warrants on Monday to help fund its overseas acquisitions...
1222052947 Asia Commodities Day Ahead: Financial Distress May Boost Gold
A drop in global equities may be a boon for precious metals and a curse for industrial materials, a Deutsche Bank AG report said. Brazil's biosafety committee approved...
1221801121 BHP CEO says Rio bid unaffected by market turmoil
CANBERRA (Reuters) - The chief executive of global miner BHP Billiton Ltd (BHP.AX) (BLT.L) does not see the company's hostile bid for rival Rio Tinto Ltd (RIO.AX)...
1221801025 Gold prices on the rise as investors play it safe
NEWCREST Mining Ltd shares rose the most in almost nine years yesterday after the price of bullion surged as the global financial crisis prompted investors to seek a...
1221799329 China mulls not using Vale's ore and insists no price rise
China could stop using Vale's iron ore if the Brazilian miner insists on a price rise, industry officials, who forecast a slowdown in steel demand this year, said...
1221711065 Yunnan Tin to Repay $6 Million Debts for Its Singapore Unit
Yunnan Tin Co., the world's biggest producer of the metal, will repay $6 million of debts incurred by Singapore unit.
1221710968 Gold Extends Biggest Advance in 26 Years on Demand for Haven
Gold climbed for a second day, extending its biggest jump in 26 years, as investors sought a haven from the credit crisis that's sent equity markets tumbling. Silver...
1221710863 Gold Soars Most Since 1999, Silver Surges on Demand for Haven
Gold surged the most in nine years as investors sought the safety of precious metals on concern that the credit crisis will deepen, leading more financial institutions...
1221620841 China tells Vale to ditch iron increase
In its first official response to Vale's request for higher iron ore prices, China's steel industry group said the mining giant should immediately stop such...
1221620745 U.S. Fed holds key interest rate steady at 2%
The Federal Reserve decided Tuesday to hold a key interest rate steady at 2 percent even as the collapse of the nation's fourth-biggest investment Lehman Brothers sent...
1221532686 Criterion Commodity Fund Moves From AIG-Linked Index Into Cash
Criterion Investments Ltd. is converting to cash the assets in its commodities hedge fund that are linked to notes issued by a unit of American International Group Inc.
1221532538 US copper ends lower on economic growth worries
U.S. copper futures ended nearly 2 percent lower on Monday as investors fretted about the health of the global economy amid fears that turmoil in major U.S. banking and...
1221532082 Copper Drops as Commodities Tumble Following Lehman Bankruptcy
Copper fell the most in a week as commodities dropped on the heels of turmoil in financial markets after Lehman Brothers Holdings Inc. entered bankruptcy.
1221101329 Platinum, Palladium Plunge as Growth Weakens, Curbing Demand
Platinum fell to an 18-month low and palladium plunged to the lowest in almost three years on concerns a weakening economy will cut demand for the metals used by...
1221100880 Copper Futures Climb in New York After Earthquake Strikes Chile
Copper gained, halting four straight sessions of declines, as an earthquake in Chile and a mine failure in Indonesia spurred supply concerns.