Rio Tinto Group, the second-largest mining company, reported first-half profit that missed analyst estimates as costs and currency gains in Australia and Canada hurt earnings. The shares fell the most in more than 13 months.
Coal of Africa Ltd., an Australian producer of the fuel, rose the most in more than 2 1/2 years after getting approval for its Vele project in South Africa, allowing work to resume at the site after environmental concerns led to an almost 12-month delay.
BHP Billiton Ltd. , Vale SA and Rio Tinto Group , the world’s three largest mining companies, are set for record profit totaling $52 billion as they accelerate earnings growth at the expense of their biggest customers.
High school rugby coach Bob Markovich paid $3,812 for 250 shares of the Global X Copper Miners ETF in September. He got the idea from an investment club he advises for students, including his daughter Lydia.
Coal of Africa Ltd. , a producer of the fuel in South Africa, rose the most in almost two years in Johannesburg trading as its Vele project gained a water license, moving the company closer to resuming output halted in August.