Saturday 29 August 2015
 
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Saudi's Ma'aden Q2 net profit falls 27pc

Saudi Arabian Mining Company (Ma'aden), the Gulf's largest miner, posted a 27.2 per cent fall in second-quarter net profit on Tuesday, missing analysts' forecasts. Net profit for the three months to June 30 was SAR270

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Rio Tonto to sell aluminium assets in $1bn deal

Global miner Rio Tinto plans to sell some of its aluminium assets in a potential $1 billion deal, the Financial Times reported, reviving a sale plan for its Pacific Aluminium unit two years after it was cancelled. The Financial Ti

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Rio Tonto to sell aluminium assets in $1bn deal

Global miner Rio Tinto plans to sell some of its aluminium assets in a potential $1 billion deal, the Financial Times reported, reviving a sale plan for its Pacific Aluminium unit two years after it was cancelled. The Financial Ti

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Maaden, Alcoa smelter output to top target

Saudi Arabian Mining Company (Ma'aden) said a massive smelter run jointly with US group Alcoa, which had experienced few technical glitches on start-up, will produce above its initial capacity target this year. The smelter sta

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French groups to sell $452m UK assets to Mittal

Cement maker Lafarge and miner Anglo American have agreed to sell British assets for up to £285 million ($452 million) to Indian steel tycoon Lakshmi Mittal, thus clearing the way for a building materials joint venture in the country.

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Qatar pressures Glencore to sweeten Xstrata bid

Qatar, Xstrata's second largest shareholder, threw a huge roadblock in the way of Glencore's  $30 billion takeover of the miner with a surprise demand on Tuesday for better terms. The 11th hour rebuff will make it very difficu

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Qatar 'kingmaker in Glencore-Xstrata merger'

Qatar's 7 per cent stake in Xstrata, makes it not only the miner's largest investor after Glencore, but also a potential kingmaker in the two companies' merger and an unknown quantity for its future that investors are desperate to read

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