Frontera Resources Retains SMH Capital for Capital Markets Advisory and Trading Liquidity Services and as Designated Advisor for U.S. Disclosure

Frontera Resources Corporation, an independent oil and gas exploration and production company, today announced that it has entered into a formal agreement with SMH Capital Inc., the broker-dealer subsidiary of Sanders Morris Harris Group, to serve as the Investment Bank Designated Advisor for Disclosure (“DAD”) in connection with Frontera’s OTCQX listing. In a separate agreement,... 

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Frost & Sullivan Names IPS 2008 Asia Pacific Safety Systems Company of the Year

Invensys Process Systems (IPS), a global technology, software and consulting firm, today announced that it has been named the winner of the 2008 Frost & Sullivan Asia Pacific Industrial Technologies Award for Asia Pacific Safety Systems Company of the Year. The annual award recognizes outstanding performances by companies in the electronics, industrial automation, process control, energy and power... 

Rio Tinto Announces the Filing of a Registration Statement by Cloud Peak Energy Inc. for a Proposed Initial Public Offering

Rio Tinto announced today that its wholly owned subsidiary, Cloud Peak Energy Inc., has filed a registration statement on Form S-1 with the United States Securities and Exchange Commission (SEC) in connection with Cloud Peak Energy’s proposed initial public offering (IPO) of its common stock. Cloud Peak Energy, comprised of most of the North American coal assets of Rio Tinto Energy America, is the... 

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Sterlite Industries (India) Limited to Purchase Operating Assets of ASARCO LLC for $2.6 billion

Sterlite Industries (India) Limited (“Sterlite”), a subsidiary of Vedanta Resources plc, the London-based FTSE 100 metal and mining group, and ASARCO LLC (“Asarco”), a Tucson based mining, smelting and refining company, announced today that they have signed a definitive agreement for the sale to Sterlite of substantially all the operating assets of Asarco for $2.6 billion in cash. The agreement... 

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Copper Falls as Chinese Supply Increases; Lead, Nickel Gain

Copper rose in London on speculation that a slumping dollar will encourage buyers holding other currencies to purchase the metal. Lead and nickel advanced. The U.S. currency dropped to an all-time low against the euro after a government report showed that the U.S. economy grew last quarter at the slowest pace in four years. A change in the dollar’s value makes copper, traded in dollars, more... 

Coal Surge Seen by Mobius as China’s Imports

Coal is poised to rebound from a two-year slump as China buys more than it exports for the first time in history. Power use in China, the world’s biggest coal producer, is rising 13 percent annually, and utilities are building plants at a record pace. The nation gets 78 percent of its electricity from coal, spurring imports from Australia, Indonesia and Vietnam. “The coal sector in China... 

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Consortium Led by China’s Biggest Gold Miner Zijin Mining Bids for Britain’s Monterrico Metals

A consortium led by China’s biggest gold miner, Zijin Mining Group Co., has made a 94.6 million pound, or $185.4 million, offer for British copper miner Monterrico Metals PLC, in what could become China’s first outright takeover of an overseas listed company. The proposed acquisition, announced earlier this week by Monterrico and Zijin, is the latest in a series of low profile but substantial... 

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Rio’s Second-Half Profit May Rise on Copper, Iron Ore

Rio Tinto Group, the world’s third- largest mining company by sales, may say second-half profit rose 19 percent to a record as commodity prices soared last year and iron-ore production grew. Net income advanced to $3.72 billion in the six months ended Dec. 31, from $3.03 billion a year earlier, according to the median estimate of six analysts surveyed by Bloomberg News. The estimate was calculated... 

Copper Rises for Second Day Before Chile Miners’ Contract Vote

Copper gained for a second day in London on speculation that a labor dispute at a mine in Chile, the world’s largest producer of the metal, may disrupt supply. A union at the Cerro Colorado copper mine voted yesterday to strike as part of wage negotiations with BHP Billiton Ltd., the world’s biggest mining company. Supply disruptions last year helped drive copper futures to a record $8,800... 

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U.K. Stocks Rise, Led by Xstrata, BG Group on Commodity Prices

U.K. stocks climbed, led by mining companies as base metals climbed in London. Antofagasta Plc and Xstrata Plc paced the advance. Cairn Energy Plc and BG Group Plc rose as oil prices rebounded from a 19-month low. Amvescap Plc climbed after Citigroup Inc. raised its price estimate for the company’s shares. The benchmark FTSE 100 Index rallied 29.10, or 0.5 percent, to 6233.60 in London at 9:13... 

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