European stocks were little changed, following their biggest rally in three weeks, as a gauge of mining companies declined after a report showed weaker-than- forecast growth in imports to China. U.S. index futures were also little changed, while Asian shares gained.
Rio Tinto Group’s Energy Resources of Australia Ltd. tumbled the most in almost two years in Sydney trading after an acid and ore spill at its Ranger uranium mine near world heritage-listed Kakadu National Park.
Canadian Prime Minister Stephen Harper said developing the world’s third-largest pool of oil reserves is as difficult as building China’s Great Wall. Chinese companies may find themselves outside looking in.
Ivan Glasenberg, the billionaire running commodities supplier Glencore Xstrata Plc, is investing more in thermal coal than his three closest competitors combined even as investors warn the fuel’s outlook is deteriorating.
Eskom Holdings SOC Ltd. said Chief Executive Officer Brian Dames resigned as the supplier of more than 95 percent of South Africa’s power’s profit fell 3.2 percent amid higher production costs and constrained supply.
Rio Tinto Group, the world’s second- biggest mining company, will cut capital spending to about $8 billion in 2015, less than half its outlay last year, as mineral producers conserve cash after prices fell.
U.K. stocks dropped for a third day, to their lowest level in more than six weeks, as investors awaited U.S. employment data this week to gauge the timing of the Federal Reserve’s tapering of stimulus measures.