Vale mulls raising stake in power generation company

The price of iron ore slumped to a 7-week low and metallurgical coal traded at its lowest level since August on predictions of a massive spike in exports from top producer Australia.

Confidence levels in the sector have improved dramatically over the last 12 months, reaching a two-year high.

Hint: He lost about 99% of his wealth this year.

The transaction creates a diversified, Americas-based mid-tier gold producer that would generate the equivalent of 250,000 to 270,000 ounces of gold next year.

Vale got $25 million for the mines, way below the $200 million it had invested on them.

The potential is appealing. Peru holds13% of the world's copper reserves, 4% of gold, 22% of silver, 7.6% of zinc, 9% of lead and 6% of tin reserves.

The company is cutting its Argentine work force as Chileans work on water treatment facility.

Investors want federal authorities to examine the role of regulators and the stock exchange in OGX collapse.

In a country that celebrates “Oil Industry Nationalization Day,” the energy package approved last night has automatically become Mexico’s most significant and controversial economic reform since the NAFTA.