mining

Caterpillar Earnings Surpass Expectations

Caterpillar posted a stronger-than-expected quarterly profit as the world's largest mining and construction equipment aggressively cut costs to offset sluggish sales.

The World's Richest Woman: How Gina Rinehart Earns her Billions

Most of the richest women in the world have one thing in common: It was their husbands or fathers who actually earned the wealth. But while Australian mining magnate Gina Rinehart inherited $75 million from her dad, it was by her own efforts that she multiplied that sum -- 386 times.

Six Stocks to Buy for Real Revenue Growth in 2011

The path to profits for most of Corporate America lately has been cutting costs rather than raising revenue. But a careful look reveals a few companies that are poised to deliver real revenue growth. We've found six with a plus: Their stocks look like bargains.

The Top 10 Growth Industries for 2011

After the long downturn, the coming year will present an opportunity for many industries to rejuvenate themselves. Independent researcher IBISWorld sorted through the data on 711 U.S.-based industries to give its predictions of the 10 top performing industries for 2011.

Rio Tinto Offers $3.5 Billion for Riversdale Mining

Anglo-Australian mining company Rio Tinto (RIO) made a $3.5 billion bid for Riversdale Mining (RFLMF). The offer values Riversdale at about A$15 a share, Reuters reported. That%u2019s a 6% premium on Riversdale%u2019s close on Dec. 3. The shares rose today to A$16.31 each.

U.S. Manufacturing Output Rises 0.5%, the Most Since July

The nation%u2019s manufacturing recovery accelerated in October as factory output jumped 0.5%, the Federal Reserve said. Overall industrial output was flat in the month, but the typical autumn plunge in utilities output skewed the top-line stat lower.

Potash Sinks After Canada Rejects BHP Billiton Bid

Shares of Potash Corp. of Saskatchewan were down in morning trading Thursday after Canada provisionally blocked BHP Billiton's bid to buy the company, and it appears unlikely that the government, focused on protecting national assets and natural resources, will change its mind later.

U.S. Industrial Production Slipped 0.2% in September

It's the first decline since June 2009. Still, despite the dip, the nation's industrial sector remains in an uptrend, and a weaker dollar may further boost international sales of key U.S. companies in the months ahead.

BHP, Rio Scrap Plans to Form World's Biggest Iron Ore Exporter

BHP Billiton (BHP) and Rio Tinto (RIO) gave up on plans to form the world%u2019s biggest iron-ore exporter, citing regulatory requirements. Regulators in Asia and Europe wanted the companies to implement changes, including asset sales, that the companies could not accept, Bloomberg News said. The regulators were worried that the deal would limit competition.

The Most Profitable Industries for the Next Three Years

IBISWorld Research has uncovered five industries that managed to stay extremely profitable during 2010 -- and these industries are their picks to be the most for the next three years. Investors, too, could boost their profits by focusing on them.

Will Peruvian Politics Shake Mining and Energy Investments?

Political upsets in Peruvian regional elections could indicate a national shift to the left -- and some business leaders worry that could discourage foreign investment in the country, which has rich natural resources such as oil, gas and gold.

Australia's Labor Party to Form Next Government

Australia%u2019s Labor Party will form the country%u2019s next government after winning the support of two independent lawmakers, ending two weeks of uncertainty following national elections. Labor will control 76 of the country%u2019s 150-seat House of Representatives after independents Tony Windsor and Rob Oakeshott joined the party%u2019s coalition, The Associated Press reported.

Goldcorp to Buy Andean Resources for $3.4 Billion

Goldcorp Inc. (GG) will purchase Andean Resources Limited (AND) for about C$3.6 billion ($3.4 billion). Andean%u2019s principal asset is its Cerro Negro gold project in Argentina, the companies said in a statement. Cerro Negro currently has reported indicated resources of 2.54 million ounces of gold and 23.56 million ounces of silver.

BHP Billiton Warns It Won't Buy Potash Corp 'At Any Cost'

BHP Billiton (BHP), the world%u2019s largest mining company, warned that it is not willing to buy Potash Corp (POT) "at any cost." CEO Marius Kloppers made the warning after announcing bumper profits for the first half of the year, Reuters reported.

Potash Had Contact With Brazil's Vale, China's Sinochem

Potash Corp. (POT) had contact with China%u2019s Sinochem Group and Brazil%u2019s Vale (VALE) as the Canadian company looks for alternatives to a hostile takeover bid from BHP Billiton Ltd (BHP). Vale and Sinochem both made contact late last week, Bloomberg News reported without naming its sources. Neither company has held formal talks with the world%u2019s biggest fertilizer company.

Kinross Gold to Buy Red Back Mining for $7.1 Billion

Kinross Gold Corp. (KGC) will buy the 91% of shares in Red Back Mining (RBIFF) that it doesn%u2019t already own. Kinross will pay $7.1 billion for the shares. The price represents a value of C$30.50 ($29.77) per Red Back share, The International Business Times reported. That%u2019s a premium of 17% over the price of Red Back shares at close of trading on the Toronto Stock Exchange on Friday.