Japanese investors were giddy with excitement as positive earnings reports and the announcement of a major merger flooded the news. The Nikkei 225 advanced 1.1% on Friday, while markets in Hong Kong and China remained closed fo…
Walter Energy Inc. (WLT), a southern Appalachia producer of coal for making steel, agreed to buy Canadian company Western Coal Corp. (WTN) for C$3.3 billion ($3.3 billion).
Walter Energy made an offer of C$11.50 per share in cash or 0.114 of a Walter…
A building boom — and the constrained supply of materials due to mandated energy cuts — sent Chinese cement, metal and building-equipment stocks up Thursday. Meanwhile, Hong Kong and Japanese exporters benefited from improvin…
Mining company Rio Tinto (RIO) produced record quantities of iron ore in the third quarter on rampant demand from China.
The company produced a whopped a 47.6 million tons of iron ore in the three months to September, BBC News said.
China is importing huge amounts of iron ore to make steel for its fast-growing economy. China, now the world’s second-largest quarter, grew at an annual…
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Rio Tinto Produced Record Amount of Iron Ore on China Demand originally appeared on DailyFinance on Thu, 14 Oct 2010 08:51:00.
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