Report: ExxonMobil buys Kosmos Energy's stake in oil field off GhanaOctober 6th, 2009 Report: ExxonMobil buys stake in African oil fieldCOLUMBUS, Ohio — ExxonMobil has bought Kosmos Energy's stake in oil blocks offshore the West African country of Ghana in an area that contains huge crude discoveries, The Wall Street Journal reported Tuesday. The deal would be the first by one of the world's largest oil companies in the area, the newspaper said, citing a person familiar with the matter.
Canada's Barrick Gold to eliminate gold hedges, plans $3 billion equity offeringSeptember 8th, 2009 Barrick Gold to eliminate hedges, plans offerTORONTO — Barrick Gold Corp., the world's biggest gold producer, said Tuesday it plans to eliminate all of its gold hedges and raise $3 billion in a share offering to help pay for the move. The Toronto-based company cited the bullish outlook for gold.
Barrick Gold sells stake in silver production at mines to Silver Wheaton for $625 millionSeptember 8th, 2009 Barrick sells production stake to Silver WheatonDENVER — Barrick Gold Corp., the world's biggest gold producer, on Tuesday agreed to sell silver reserves from four of its mines to Silver Wheaton Corp. in a deal worth $625 million.
Canada's Eldorado Gold to acquire rest of Sino Gold Mining for $1.8B in stockAugust 26th, 2009 Eldorado to acquire rest of Sino GoldVANCOUVER, British Columbia — Canada's Eldorado Gold Corp. says it has agreed to buy all remaining shares of Australia's Sino Gold Mining Ltd.
Xstrata posts 77 percent fall in first-half profit, still seeks merger with Anglo AmericanAugust 4th, 2009 Xstrata posts 77 pct fall in first-half profit
GENEVA — Mining company Xstrata PLC said net profit fell 77 percent in the first six months of the year as a result of lower commodity prices, and reiterated that its merger offer to rival Anglo American PLC would be "highly compelling" to both sets of shareholders. Xstrata's profit tumbled to $643 million, compared with $2.78 billion in the same period last year.
Barrick Gold 2nd-qtr profit climbs, exceeds street view on strong gold productionJuly 30th, 2009 Barrick Gold 2Q profit rises, beats street viewBarrick Gold Corp., the world's leading gold producer, reported a slight increase in second-quarter profit despite a jump in costs as it produced more gold that fetched a higher average price. The results beat Wall Street estimates and the Toronto-based company's stock rose almost 4 percent in afternoon trading in New York.
Hearst Corp. buys another 20 percent stake in Fitch Group for $427 millionJuly 24th, 2009 Hearst buys added 20 pct stake in Fitch for $427MNEW YORK — Hearst Corp. is buying an additional 20 percent stake in Fitch Group for $427 million.
Newmont 2nd qtr profit drops on lower copper prices, costs related to gold mine purchaseJuly 23rd, 2009 Newmont Mining 2Q profit slides 40 percentDENVER — Newmont Mining Corp. said Thursday its second-quarter profit sank 40 percent as copper prices fell 39 percent, its tax bill jumped significantly and it purchased a stake in an Australian gold mine.
Freeport-McMoRan 2Q earnings fall 38 pct; reports strong gold sales and lower production costsJuly 21st, 2009 Freeport-McMoRan 2Q profit drops, beats viewDENVER — Mining giant Freeport-McMoRan Copper & Gold Inc. said Tuesday its second-quarter profit dropped 38 percent but still beat analysts' estimates as gold sales more than tripled.
Freeport-McMoRan 2Q earnings fall 38 percent, exceeds analyst estimates, shares jumpJuly 21st, 2009 Freeport-McMoRan 2Q profit drops, beats streetDENVER — Mining giant Freeport-McMoRan Copper & Gold Inc. said Tuesday its second-quarter net profit dropped 38 percent but it still beat analysts' estimates as costs fell and gold sales more than tripled.
Renewed global demand for copper should help miner Freeport Mc-MoRan's 2Q performanceJuly 20th, 2009 Demand should aid Freeport-McMoRan's 2Q reportDENVER — Freeport-McMoRan Copper & Gold Inc., the world's largest publicly traded copper company, reports second-quarter results Tuesday before the market opens. Here is a summary of key developments related to the period.
Anglo American shares rise after rival miner Xstrata suggests mergerJune 22nd, 2009 Anglo American, Xstrata mull mergerLONDON — Shares in mining company Anglo American PLC jumped nearly 5 percent on Monday after Anglo-Swiss rival Xstrata PLC made a preliminary approach seeking a merger. Xstrata's shares dropped almost 7 percent.
Hospitality Properties plans to sell 15 million shares to raise money to repay debtJune 18th, 2009 Hospitality Properties to sell 15 million sharesNEWTON, Mass. — Hospitality Properties Trust said Wednesday it plans to sell 15 million common shares to raise funds to repay debt.
Suzlon raises stake in Germany's REpowerJune 6th, 2009 MUMBAI - Wind turbine maker Suzlon Energy has raised its stake in Germany-based REpower Systems AG to 90.72 percent by acquiring Martifer Group's 14.4 percent stake in the company, it was announced here Saturday. Suzlon acquired Portugal-based Martifer's stake with a final payment of 87.6 million euros ($122.3 million), the company said in a statement.
Mining giant BHP Billiton reports lower output as global economic crisis continues to biteApril 22nd, 2009 Mining giant BHP Billiton reports lower productionSYDNEY — Global mining giant BHP Billiton on Wednesday reported a sharp drop in quarterly copper production, along with declines in iron ore and aluminum, as demand for minerals falls amid the global economic slump. Copper production was down 14 percent in the three months ended March 31 compared to the same period last year, the Melbourne-based company said in a statement.
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