China Rio Tinto

2010-03-21T01:00:16Z

A crane drops iron ore imported from Australia at a port in Rizhao, in east China's Shandong province, Friday, March 19, 2010. Rio Mining giant Rio Tinto Ltd. and China's Finland ends after mediation</div><div><p>A port strike that shut down most of Finland's foreign trade has ended, National Conciliator Esa Lonka said Friday.</p><p>"It's over," Lonka said. "Dock workers will go back to work as soon as possible."</p><p>Stevedores began the strike on March 4, disrupting about 80 percent of foreign trade in the highly expo...

Rio Tinto, Chinalco agree to develop Guinea iron ore field

2010-03-18T21:15:29Z

<div><p>Anglo-Australian mining giant Rio Tinto and China's state-owned Chinalco have signed a non-binding agreement to jointly develop Guinea's massive Simandou iron ore project, Rio said on Friday.</p><p>Chinalco will pay 1.35 bil...

Crash of 2 freight trains kills 1 near Pittsburgh

2010-03-16T08:32:19Z

<div id="subtitle">2 freight trains crash near Pittsburgh; 1 dead, some diesel fuel leaked into creek</div><div><p>Two freight trains owned by a U.S. Steel subsidiary crashed near a Pittsburgh-area plant early Tuesday, killing one person and causing cars on one train to derail.</p><p>The cause of the crash at the company's Edgar Thompson Works in Braddock, east of Pittsburgh, is being investigated.</p>&...

ArcelorMittal plans steel plant in Iraq

2010-03-16T03:16:02Z

<div><p>The world's biggest steel maker ArcelorMittal said Tuesday it plans to build a 130-million-dollar steel plant in Kurdish northern Iraq in partnership with the Turkish company Dayen.</p><p>ArcelorMittal "signed a memorandum of understanding to establish a joint venture with Turkish partner Dayen to build a steel mini-mill with electric furnace in

China vows to support steel mills in iron ore talks

2010-03-16T02:21:40Z

<div><p>China said Tuesday it will support domestic steel mills in their thorny iron ore price negotiations with global miners even after the Australian government bluntly told Beijing to stay out of the talks.</p><p>"As the world's largest iron ore consumer, the interests of Chinese steel mills should be reflected in the negotiations," commerce ministry spokesman

Rio 'in talks' with Chinalco over huge Africa field

2010-03-16T00:16:03Z

<div><p>Rio Tinto is in talks with China's Chinalco on a massive mining project in Guinea, reports said Tuesday, raising hopes of a rapprochement that could unlock one of the world's biggest iron ore fields.</p><p>The mining giant i...

Rio, Chinalco in talks on 12 bln dlr Guinea mine: report

2010-03-15T14:16:38Z

<div><p>Anglo-Australian miner Rio Tinto is in talks with China's Chinalco on jointly developing the Simandou iron-ore field in the West African nation of Guinea, the

POSCO breaks ground for steel plant in India

2010-03-15T01:16:00Z

<div><p>South Korea's largest steelmaker POSCO said it broke ground Monday on a plant in western India that will produce galvanised steel sheets for automobiles and electronic goods.</p><p>The world's fourth largest steelmaker said it would spend about 240 million dollars to build the ...

Australia urges China to keep out of iron ore talks

2010-03-15T01:15:41Z

<div><p>Australia on Monday urged China stay out of difficult iron ore price negotiations with global mining giants after steel mills lobbied Beijing to intervene.</p><p>Trade Minister Simon Crean gave assurances Australia would also keep away from the fraught process in which steelm...

China says market forces ended Chinalco deal: report

2010-03-15T00:15:37Z

<div><p>China said market forces were behind the failure of what would have been its biggest foreign investment deal, an Australian newspaper said Monday.</p><p>Chinalco's 19.5 billion US dollar cash injection into Anglo-Australian miner Reuters) - China's steelmakers should not try draw their government into iron ore price talks with Australian miners, Australia's trade minister said on Monday, as the mills struggle to pin back soaring raw material prices.</p><p>Any overt efforts by Beijing

Power blackout hits Chile two weeks after quake

2010-03-14T22:00:11Z

<div><p>SANTIAGO (Reuters) - A major blackout left most of Chile without power for hours on Sunday, two weeks after a massive earthquake that killed hundreds and weakened infrastructure.</p><p>Electricity was restored quickly, but the failure of the South American country's main power grid was another test for conservative CANBERRA (Reuters) - Australian Trade Minister Simon Crean on Monday welcomed a report that China had cleared Rio Tinto <RIO.AX> and the Australian government of blame for the collapse of a $19.5 bi...

How China will drive silver to $250

2010-03-12T19:15:24Z

<div id="subtitle">Individual investors can make an impact on its price</div><div><p>Once upon a time, the Chinese government forbade ownership of all precious metals. </p><p> But now, the ban has been lifted. In fact, China just introduced silver bars for investment. And now, state-run China Central Television (CCTV) is running a campaign ...

Nucor CEO's pay package falls 43 percent

2010-03-12T13:45:22Z

<div id="subtitle">Nucor CEO's pay package falls 43 percent; performance bonus eliminated in difficult year</div><div><p>An Associated Press calculation finds that steel maker Nucor Corp. paid its CEO fell 43 percent last year as it eliminated cash bonuses for executives to help it weather the recession.</p><p>Chairman,

CF seals $4.7 billion deal for Terra

2010-03-12T10:15:44Z

<div id="subtitle">After a yearlong pursuit CF lands Terra in a $4.7 billion deal that creates fertilizer giant</div><div><p>After more than a year of bids and counterbids, CF Industries landed Terra Industries on Friday for $4.7 billion in a deal that will create one of the world's largest fertilizer companies.<...

CF finally nabs Terra after Yara walks

2010-03-12T09:45:06Z

<div><p>NEW YORK/OSLO (Reuters) - Fertilizer maker CF Industries Holdings Inc <CF.N> on Friday said it will buy rival Terra Industries Inc <TRA.N> for more than $4.6 billion in cash and stock af...

Yara won't up bid for Terra

2010-03-12T00:45:10Z

<div id="subtitle">Norwegian fertilizer group Yara won't up bid for Terra after higher CF acquisition offer</div><div><p>Norwegian fertilizer company Yara International ASA said Friday it will not increase its offer to acquire U.S. competitor Terra Industries after Te...

What China wants more than physical gold

2010-03-11T19:16:48Z

<div id="subtitle">Could have its sights on buying gold mines abroad</div><div><p>"A few factors limit our ability to increase [our] investment in gold," China's Chief foreign exchange regulator Yi Gang said in a speech this week. Investors have long speculated China will start buying gold and selling its hoard of U.S. dollars ...

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