The Philippines environmental regulator has given a unit of Xstrata PLC (XTA.LN) conditional approval to develop what will be Philippines‘ largest gold and copper mine. …read more
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Tag Archives: LN
FSA Fines Lloyds Banking Group GBP4.3M for Delayed PPI Redress
The Financial Services Authority, or FSA, said Tuesday that it has fined three Lloyds Banking Group PLC (LLOY.LN) firms a total of 4.3 million pounds for failings in their systems and controls that resulted in up to 140,000 customers receiving delayed payment protection insurance, or PPI, redress. …read more
Source: FULL ARTICLE at Fox Business Headlines
DMCI Holdings Unit Raises Stake in Toledo Mining; To Make Cash Offer
DMCI Holdings Inc. (DMC.PH) said Tuesday that its wholly-owned unit, DMCI Mining Corp., has raised its stake in Toledo Mining Corp. PLC (TMC.LN) to 37.7% from 17%. …read more
Source: FULL ARTICLE at Fox Business Headlines
Roeslani Sells Bumi Stake To Three Funds Ahead Of Crucial Vote
The battle for control of Bumi PLC (BUMI.LN) took a new twist Monday when a major Indonesian shareholder, Rosan Roeslani, said he has agreed to sell his 13% stake in the London-listed Indonesian coal miner to three independent funds, who should be allowed to use their newly-acquired shares to vote this week on a move to replace Bumi’s board. …read more
Source: FULL ARTICLE at Fox Business Headlines
Greencore: No Other Products or Facilities Affected by Horse Tests
Greencore Group PLC (GNC.LN) a food supplier, Monday said that apart from apart a Bolognese Sauce which was withdrawn by Wal-Mart Stores Inc. (WMT) U.K. subsidiary Asda Supermarkets because it was found to contain horse DNA, the results of all tests on its products have been negative. …read more
Source: FULL ARTICLE at Fox Business Headlines
DMCI Holdings Upgrades Toledo Mining Stake to 37.7%; Makes Cash Offer to Buy
DMCI Mining, a subsidiary of Phillipines-based industrial group DMCI Holdings Inc. (DMC.PH), Friday increased its stake in Toledo Mining Corporation PLC (TMC.LN) from 17.0% to 37.7% and said it will make a mandatory cash offer to acquire all the Toledo stock it doesn’t already own. …read more
Source: FULL ARTICLE at Fox Business Headlines
Anglo American Sees Limited Scope For Significant Dividend Rise-CFO
Global diversified miner Anglo American PLC (AAL.LN) sees limited scope for a significant increase in dividend given the company’s focus on delivering two major growth projects and expectations that net debt may increase if commodity prices remain at current low levels, the company’s Chief Financial Officer said Friday. …read more
Source: FULL ARTICLE at Fox Business Headlines
Anglo American CEO: Expects 2013 To Be Better Than 2012
Globally diversified miner Anglo American PLC (AAL.LN) expects a better year following a challenging 2012, the company’s outgoing chief executive said Friday. …read more
Source: FULL ARTICLE at Fox Business Headlines
Anglo American Swings To Net Loss
Globally diversified miner Anglo American PLC (AAL.LN) said Friday it swung to a net loss in 2012 due to a sharp fall in commodity prices and $4.6 billion in impairment charges against the value of its flagship Brazilian iron ore Minas Rio project and platinum assets. …read more
Source: FULL ARTICLE at Fox Business Headlines
Anglo American Swings To Net Loss But Raises Dividend
Globally diversified miner Anglo American PLC (AAL.LN) said Friday it swung to a net loss in 2012 due to a sharp fall in commodity prices and $4.6 billion in impairment charges against the value of its flagship Brazilian iron ore Minas Rio project and platinum assets. …read more
Source: FULL ARTICLE at Fox Business Headlines
Johnson Matthey Agrees New Pacts With Anglo Platinum, Sees 4Q13 Hit
Global specialty chemicals company Johnson Matthey PLC (JMAT.LN) said Friday it has agreed an extension to the metal supply agreement with Anglo American Platinum Ltd. (AMS.JO) and entered into a separate contract to provide Anglo Platinum with platinum group metal market research services, although there will be no ongoing market development agreement between the two parties. …read more
Source: FULL ARTICLE at Fox Business Headlines
Imperial Tobacco Buys 150,000 Own shares For Treasury
Imperial Tobacco Group PLC (IMT.LN) said Wednesday it bought purchased 150,000 of its own shares at an average price of 2313.07 pence per share to be held as treasury shares. …read more
Source: FULL ARTICLE at Fox Business Headlines
Tullow Sees Ghana Government Approval On TEN Project This Quarter
U.K.-listed exploration-focused oil and gas company Tullow PLC (TLW.LN) is aiming to begin talks on selling part of the TEN oil project in Ghana once it gets government approval, which is expected this quarter, for the $4.5 billion development plan, the company’s senior management told Dow Jones Newswires Wednesday. …read more
Source: FULL ARTICLE at Fox Business Headlines
African Barrick Gold Swings To Loss; Eyes Lower Output
Tanzania’s largest gold miner African Barrick Gold PLC (ABG.LN) swung to a fourth-quarter loss Wednesday due to impairment charges on its planned closure of the Tulawaka gold mine, which is coming to the end of its life and which will contribute less gold output this year. …read more
Source: FULL ARTICLE at Fox Business Headlines
African Barrick Gold CEO: 2013 Gold Guidance Allows for 10% Risk Factor
Tanzania’s largest gold miner African Barrick Gold PLC (ABG.LN) expects to reach the top end of its gold output guidance range in 2013, but has built in an allowance for unexpected events after having suffered a series of setbacks over the past few years, said the company’s chief executive Wednesday. …read more
Source: FULL ARTICLE at Fox Business Headlines
Glencore, Xstrata Base Metals Outputs Fall
Glencore International PLC (GLEN.LN) reported Tuesday a mixed set of production results on a pro-forma basis with Xstrata PLC (XTA.LN) as base metals output largely fell in 2012 while coal, oil, and agricultural output rose. …read more
Source: FULL ARTICLE at Fox Business Headlines
Glencore-Xstrata Base Metals Output Falls; Coal, Oil, Agriculture Output Up
Glencore International PLC (GLEN.LN) reported Tuesday a mixed set of production results on a pro-forma basis with Xstrata PLC (XTA.LN) as base metals output largely fell in 2012 while coal, oil, and agricultural output rose. …read more
Source: FULL ARTICLE at Fox Business Headlines
Xstrata 2012 Coal Output Rises, But Copper Output Drops
Anglo-Swiss miner Xstrata PLC (XTA.LN) reported Tuesday a mixed performance in its key copper and coal businesses, which are typically its main earnings drivers. …read more
Source: FULL ARTICLE at Fox Business Headlines
Imperial Tobacco Group Buys 150,000 Shares For Treasury
Imperial Tobacco Group PLC (IMT.LN) said Monday it bought 150,000 of its own shares at 2312.45 pence per share to hold as treasury shares. …read more
Source: FULL ARTICLE at Fox Business Headlines
Gemfields Sees $10 billion Colored Gemstone Market In 10 Years
Colored gemstone producer Gemfields PLC (GEM.LN) expects global demand for polished colored gemstones to multiply by five times over the next decade and become a $10 billion market in 10 years time, Chief Executive Officer Ian Harebottle told Dow Jones Newswires. …read more
Source: FULL ARTICLE at Fox Business Headlines