Potash Corp. of Saskatchewan Inc. was contacted by China’s Sinochem Group and Brazil’s Vale SA as the company tries to fend off a hostile takeover from BHP Billiton Ltd., said a person with knowledge of the matter.
Sinochem Vale and made the first investigations Potash Corp s Board of Directors late last week about the possibility of holding talks, said the person, who declined to be identified because the information is not public. Others have the governance of the world’s largest fertilizer producer contact, talk and can not materialize, the person said.
Read more
Tags: <australian stock exchange, BHP, BHP Billiton, BHP Billiton Ltd, Brazil's Vale SA, China's Sinochem Group, Potash Corp., Saskatchewan Inc., world's largest mining company>, Potashcorp, Images Of Saskatchewan, Potash Mines In Saskatchewan, Pics Of Saskatchewan, Potash Corp Plant, Potash Corp Mine Facility, Net Selling Price Of Mine Run Potash Ore
A consortium controlled by Alcoa (AA.N) reduced its stake in a proposed $ 10.8 billion aluminum complex in Saudi Arabia for more than a third, his partner said Saturday, the second time a foreign partner has reviewed its position in the plane. State-run Saudi Arabian Mining Co (Maaden) 1211.SE, the main stakeholder in the project, called the cut in the game controlled by Alcoa to 25.1 percent from 40 percent a “rejig” in the draft joint venture. Maaden statement gave details. Read more
Australia seems that the market was a little stronger last week.
“Slightly” is correct, if you look at the indexes, but this week was a two-speed event. The big miners, BHP Billiton (BHP) and Rio Tinto (RIO), crept up 1.5 percent and one percent respectively, almost exactly in line with the ASX Metals index, which rose by 1.1 percent, and all ordinaries, which added 1.2 percent. Things deaf. But looking a little further down the food chain very dynamic market was very obvious, which is perhaps one of the best reasons for us to have this chat weekly, as always discover stocks that do not affect the index, but which represent money handsome opportunities for any investor willing to do their homework. Read more
Oil tumbles, a result of fuel oil on the European Corporate Debt. Oil drops, following oil lower, as concern the European Union may have more to bail States pushed the euro to its lowest level in 10 weeks.
TOP markets news
BP cuts Alaskan construction of Liberty Rig
BP Plc, the largest producer of oil and natural gas in the U.S., suspended construction of a drilling platform at its Liberty project in Alaska to “take the time to evaluate safety” on the rig, Steve Rinehart, a spokesman for the company, said In a telephone interview.
ONGC to invest in the largest oil field to two decades of decline Voice
Oil & Natural Gas Corp., India’s largest energy explorer, plans to increase spending on the redevelopment of the largest oil field more than two decades of decline in steel production. (more…)
TOKYO – The Nikkei average hit a 16-month closing low on Wednesday, at a point more than 2 percent, as disappointment over the lack of political action in Japan to rein in the strong yen, which threatens a fragile economic recovery.
Hopes for action by the government and the Bank of Japan the yen, on a 15-year high on Tuesday increased, had provided early support after the Nikkei business daily reported that the Ministry of Finance unilateral yen-selling market intervention consider if speculators drive the yen. (more…)
An explosion at a coal mine in central China have slain 47 miners and injured at least six others. The official Xinhua news agency said the blast occurred early Monday near Pingdingshan city in central Henan province. Seventy-five workers were in the mine when explosives went off in the magazine of Xingdong Number Two Mine at about 1:40, the report said. The municipal government said 28 miners escaped Pingdingshan. (more…)
