Rio Tinto Group’s Mongolia copper and gold mine looks a dream location sitting next to China, the biggest market. Yet, Mongolia’s bid for more control of the project draws comparison with a Rio mine that went badly wrong.
Spot iron ore should stay in a range of $120 to $170 a metric ton for the next three months after steelmakers in China, the biggest buyer, increased prices of their products, said National Australia Bank Ltd.
BHP Billiton Ltd. , the world’s largest mining company, found evidence of possible breaches of anti-corruption laws after the U.S. Securities and Exchange Commission requested information for an investigation.
Asian bond risk jumped to the highest in four weeks after Japan’s industrial production dropped, adding to signs the region’s economy is slowing. China Oilfield Services Ltd. sold its debut dollar-denominated bond.
Leighton Holdings Ltd. Chairman Stephen Johns resigned along with two non-executive directors at Australia’s largest construction company, citing a dispute with its controlling shareholder Hochtief AG.