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Latest Stories

Poll: Alternative energy loses support

Support for development of fuel sources such as wind and solar power has diminished in the United States during the past year, a survey found.

Glencore to buy Canada’s Viterra for $6.1 billion

Commodity giant Glencore International PLC has reached a $6.1-billion deal to buy Canada’s grain handler and agricultural retailer Viterra Inc., and announced plans to sell most of its Canadian assets to Agrium Inc. and Richardson International Ltd.

China Moly pursues US $579 million from Shanghai IPO

China Molybdenum Co. (HKG:3993), the country’s largest producer of the element by output, plans to launch an initial public offering in Shanghai, which may raise around 3.65 billion yuan (US$579 million), to fund its new alloy project and boost output, according to a statement to the China Securities Regulatory Commission (CSRC).

India working on mining tax

An Indian government task force comprising representatives of steel, mines, forest and environment ministries was working on modalities for levy of a Forest Development Tax (FDT) on minerals mined from forested regions.

Copper gains for 2nd day as Greece default woes ease

London copper edged higher for a second straight session on Tuesday after an orderly auction of Greek default insurance eased concerns about Greece's threat to the euro zone and eroded safe-haven support for the dollar.