Paul Young

BHP May Attract $2 Billion Potash Mine Partner, Deutsche Says

BHP Billiton Ltd., the world’s biggest mining company, may attract investment of $2 billion from fertilizer makers as well as sovereign wealth funds in its Canadian potash project, according to Deutsche Bank AG.

Fortescue Expansion May Cost $10 Billion, Deutsche Bank Says

Fortescue Metals Group Ltd. , Australia’s third-biggest iron ore producer, may exceed its estimate and spend $10 billion to more than triple output, Deutsche Bank AG said.

Rio Advances Sale of Diamond Mines as Aluminum Plan Stalls

Rio Tinto Group, the world’s third- largest mining company, said its plan to sell diamond assets is “well advanced,” while the divestment of aluminum operations has stalled after prices for the lightweight metal fell.

Platts May Add Middle East Crudes to Dubai, Oman Benchmarks

Platts , a publisher of oil price assessments, may announce a decision this year on widening the basket of crude grades making up its Dubai benchmark, company officials said today.

Xstrata Puts All Australian Projects Under Review on Proposed Mining Tax

Xstrata Plc , the world’s largest exporter of thermal coal, placed all its projects in Australia under review, adding pressure on the government to change its proposed 40 percent tax on mine profits.

BHP May Sell $10 Billion of Smelters, Mines, Deutsche Bank Says

BHP Billiton Ltd., the largest mining company, may consider selling about $10 billion of aluminum, nickel and coal mines and smelters as it trims its portfolio, Deutsche Bank AG said.

Cain Difficulties Are Romney Gain as Former Governor Hoards Cash

Mitt Romney, a leader in the Republican presidential race a year out from the 2012 elections, is biding his time and saving his campaign cash as he benefits from the missteps of his rivals.

Debates Alter Republican Primary Race

They’ve helped squelch Rick Perry’s poll surge and fuel Herman Cain’s rise. They’ve given Newt Gingrich and Rick Santorum platforms for their financially strapped candidacies. They’ve boosted Mitt Romney’s efforts to cast himself as the most electable Republican.

BHP May Sell South African Coal Unit After Potash Deal, Deutsche Bank Says

BHP Billiton Ltd. , the largest mine operator, may sell as much as $33 billion of coal and aluminum assets in South Africa, the U.S. and Canada, if a bid for Potash Corp. of Saskatchewan Inc. succeeds, Deutsche Bank AG said.

Rio May Book $5 Billion Aluminum Writedown, Deutsche Bank Says

Rio Tinto Group, the world’s second- biggest mining company, may take a $5 billion one-time charge at its full-year results to further write down the value of its aluminum assets, Deutsche Bank AG said.

"The sale of smaller assets would simplify the group's asset portfolio once more, and allow management to focus their energies on core divisions."

- Paul Young on Oct 22, 2010

Australia

South Africa

Canada

Japan GDP Jumps Most in Year as Consumers Open Wallets: Economy

James Bond’s Pinewood Turned Down on $300 Million Plan

Dollar Climbs Before Manufacturing, Jobs Reports; Aussie Weakens

Soros Joins Gold-Stake Cuts Before Bear Market Drop

European Stocks Little Changed Near Highest Since 2008