Jack Hills

Mitsubishi Sur Copper Bet to Lift Income Up to $500 Million

Mitsubishi Corp., the Japanese trader that trumped Codelco to buy a stake in Anglo American Plc.’s Sur copper unit, expects it to generate as much as $500 million a year, becoming the company’s second-biggest earner.

Mitsubishi Delays $5.7 Billion Iron Ore Port on Mine Review

Mitsubishi Corp., the biggest Japanese trading house, is holding up its A$5.9 billion ($5.7 billion) Oakajee port project in Western Australia as it reviews the Jack Hills iron ore mine.

Murchison Metals Jumps After Judge Dismisses Claim to Share of Ore Project

Murchison Metals Ltd. stock jumped the most in more than a month in Sydney trading after a judge dismissed a gold explorer’s claim to a share of an iron-ore project in Western Australia.

BP, GE, Delphi Financial, Kynikos, Barclays in Court News

Cameron International Corp. lost its appeal to derail the February nonjury trial over which companies should be blamed for the 2010 BP Plc oil spill in the Gulf of Mexico.

Mitsubishi, Murchison Face Cost Surge, Kopejtka Resigns

Mitsubishi Corp. and Murchison Metals Ltd. may have to pay 32 percent more to build the Oakajee port and rail project and the Jack Hills iron ore mine in Australia, hampering Murchison from funding its share.

Murchison Tumbles After Failing to Secure Project Funds

Murchison Metals Ltd., an iron ore developer, fell to almost a six-year low in Sydney trading after failing to secure funding for a A$5.94 billion ($5.8 billion) iron ore infrastructure project in Western Australia.

Mitsubishi, Murchison Oakajee Port Project Delayed in Western Australia

Oakajee Port & Rail Pty, a venture between Japan’s Mitsubishi Corp. and Australia’s Murchison Metals Ltd. , delayed the start of its A$4 billion ($4.02 billion) iron ore rail and port project in Western Australia.

Mitsubishi to Buy Murchison Joint Ventures for A$325 Million

Mitsubishi Corp. will pay partner Murchison Metals Ltd. A$325 million ($315 million) in cash for stakes in two ventures, giving Japan’s largest trader control of an iron ore mine and a rail and port project in Australia.

Murchison Metals Says Mitsubishi Venture Signs Letters to Sell Iron Ore

Murchison Metals Ltd. , developing an iron ore project in Australia with Mitsubishi Corp. , said the venture signed non-binding letters of intent to sell 55 million tons a year of the steelmaking material.

Mitsubishi’s Oakajee Needs Better Plan, Barnett Says

Japan’s Mitsubishi Corp. and Australia’s Murchison Metals Ltd. , building a A$4 billion ($3.83 billion) iron ore rail and port development, need a better plan for the project’s ownership to facilitate its funding, Western Australian Premier Colin Barnett said.

Australia

Japan

China

Western Australia

IRS Apologizes for Extra Scrutiny of Anti-Tax Groups

Treasury Yields At Six-Week High as Gross Says Bull Over

U.S. Stocks Fluctuate as Investors Consider Stimulus Pace

Gross Says Bond Bull Market Probably Ended April 29

Dollar Gain Spurs Commodity Plunge as S&P 500 Fluctuates