China is showing further signs that stimulus spending to prop up its slowing economy could well be on the way with President Hu Jintao evincing a commitment to economic growth at the APEC summit over the weekend.
The new Glencore offer is "significantly lower than would be expected in a takeover" and the intention to replace Mick Davis represented “a significant risk” says Xstrata's board.
Glencore International (LSE:GLEN) has postponed its Friday shareholder meeting where voting would have taken place on its proposed $34 billion takeover of Xstrata (LSE:XTA).
Australian trade minister Craig Emerson has said Chinese demand will continue to give support to the country's mining boom despite declines in export prices.
A new working group of national-level mining and exploration associations and transparency-focused NGOs announced today that it has signed a Memorandum of Understanding to improve Canada's transparency regime as it relates to extractive company payments to governments.
Instead of the lauded $6 billion in mining invested forecasted for 2013 earlier this year, SNMPE says the country’s sector will attract about $4 billion.