Posts by Reuters:

Iron ore price extends gains

Peabody, ArcelorMittal bid $5 bln for Macarthur Coal

Peabody Energy has teamed up with ArcelorMittal to offer $5 billion for Australia's Macarthur Coal , the world's biggest producer of pulverised coal, as demand for steel-making raw materials intensifies. The cash offer of A$15.50 a share represents a 40-percent premium to Monday's close and comes just a day after Australia unveiled a plan to tax carbon emissions from the nation's worst polluters, or about 500 companies, including coal miners.
Reuters | July 11, 2011 | 1:55 pm

Copper hits nearly 2-month high after Greek vote

Jun 29 (Reuters) - Three-month copper on the London Metal Exchange hit its highest in nearly two months on Wednesday at $9,280 a tonne as the euro rallied on optimism Greece will be able to avert a default, after its parliament backed an austerity bill.
Reuters | June 30, 2011 | 10:48 pm

China’s Jinchuan mulls bid for Metorex

Jinchuan Group Ltd., China's dominant nickel producer, may be the secret bidder for South African miner Metorex , the Business Day reported on Wednesday. Metorex, attractive due to its copper and cobalt operations in Africa, said earlier this month it had received an interest from another unnamed party after an earlier $1.1 billion bid from Brazil’s Vale .
Reuters | June 29, 2011 | 6:48 pm
Wednesday frenzy for gold stocks

Maple Group adds four new partners to TMX bid

Four more financial institutions have joined Maple Group Acquisition Corp's plan to mount a hostile bid for the TMX Group (X.TO: Quote) and top a friendly offer from the London Stock Exchange Group (LSE.L: Quote), the consortium of Canadian banks and pension funds said on Sunday. Desjardins Financial Group, GMP Capital Inc (GMP.TO: Quote), Dundee Capital Markets (DCM.TO: Quote) and Manulife Financial (MFC.TO: Quote) have agreed to join Maple's C$3.6 billion (US$3.7 billion) bid for the operator of Canada's main bourse.
Reuters | June 12, 2011 | 8:39 pm