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Glencore IPO expected to boost appeal of Hong Kong as a mining destination

Commodities trader Glencore's bumper public offering has increased interest in Hong Kong listings from across the mining sector and will prove a welcome boost to the bourse, a senior executive at the exchange said. The world's largest diversified commodities trader is set to make its market debut in London and Hong Kong next week, in what could be a record listing, with Glencore [GLEN.UL] hoping to raise $11 billion.

Copper jumps 2.7pc on cautious demand

Click here to read the whole story or read an excerpt below. By Matt Day COPPER futures ended above $US4 a pound today for the first time in more than a week on indications that steep price declines have boosted demand for the industrial metal. The

Iron ore bonus to go east: Swan

Wayne Swan has threatened to blow a $2 billion hole in the Barnett Government's plan to lift royalty rates on iron ore miners, with every cent raised by the move likely to end up with other States and Territories.The Commonwealth Grants Commission has