Friday
,
21 Nov 2008
Showing that banks are still prepared to lend to the right customer, AngloGold Ashanti has agreed a $1 billion loan facility with Standard Chartered bank for one year with an option to extend for a further year.
Monday
,
17 Nov 2008
Oleg Deripaska’s UC Rusal is reported to be deferring again its next $700 million payment tranche to Mikhail Prokhorov for its 25 percent stake in Norilsk Nickel.
Friday
,
14 Nov 2008
Brazil's mining institute reckons that the approximately $57 billion of investment in Brazilian mining planned for the next few years is still largely on schedule but could be some delays, but exploration is suffering.
Friday
,
14 Nov 2008
Because of the degree of volatility affecting the commodities sector as current financial turmoil plays itself out, Rio Tinto is postponing planned investor briefings saying it needs more time to assess impact.
Thursday
,
13 Nov 2008
Teck is looking towards selling its gold assets, cutting capital commitments, utilising a $1 billion tax break and cashflow to repay its bridging loan for the acquisition of Fording earlier this year.
Thursday
,
13 Nov 2008
For signs that the global easing cycle is coming to an end, watch various interest rate spreads, the gold price, and currency volatilities.
Wednesday
,
12 Nov 2008
If we are in for a period of recession rather than a global depression, then it looks as though announced production cutbacks by mining companies are far more severe than the demand situation would justify.
Wednesday
,
12 Nov 2008
Speculation that Teck was planning an equity issue to repay bridging finance used to finance the purchase of Fording Coal was rumoured and may have led to a 20 percent fall in Teck stock Tuesday, but the company denies the rumors.
Monday
,
10 Nov 2008
Government-created infrastructure rebuilding and development programmes could bring commodities back to the investment forefront sooner rather than later.
Saturday
,
08 Nov 2008
The current crash in commodity and commodity stock prices is creating all the elements which will lead to a new commodities and commodity stock price boom.
Friday
,
07 Nov 2008
Falling metal prices which are likely to affect 2009 income may cause rating agency Moody’s to lower the mega miner’s A3 senior unsecured status.
Wednesday
,
05 Nov 2008
The most (and least) favoured subsectors in global mining and oil, during the past eight trading sessions, where nearly USD 700bn in market value has been recaptured (tables included).
Wednesday
,
05 Nov 2008
Economists call for an “L-shaped” recovery. Further price declines projected for the next two quarters, but the long-term trend remains bullish; new records in three years?
Wednesday
,
05 Nov 2008
Many of those engaged in Australia’s mining industry would have witnessed yesterday’s running of the Melbourne Cup -- the horse race that brings Australia to a standstill – from their homes rather than the mine mess or company function, because they are no longer employed.
Monday
,
03 Nov 2008
Numis Securities reckons Xstrata remains its top pick among the large cap miners that will all survive the current downturn. Poor assessment for Lonmin.
Monday
,
03 Nov 2008
In days rather than weeks, global mining and oil stocks have recaptured nearly USD 500bn in market value; plus an analysis of the most favoured subsectors (with tables).
Saturday
,
01 Nov 2008
Did late October see the end of the bear market for commodity stocks? If so where should one invest to take advantage of an upturn?
Thursday
,
30 Oct 2008
As resource stocks begin to recover, some are more favoured than others (coal, nickel, Tier II gold, uranium, copper), down to the least wanted (zinc, tin, moly, silver, platinum).
