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.
U.K. stocks were little changed, following the FTSE 100 Index’s fifth week of losses, with mining companies declining after a report in China showed the increase in imports last month missed estimates.
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.
Relations between Israel’s wealthiest person Beny Steinmetz and the mineral-rich African nation of Guinea have deteriorated to such an extent that neither the billionaire nor any of his representatives plan to attend a final hearing into the ownership of a prized iron-ore asset.
Glencore Xstrata Plc, the fourth- largest mining company, revived its interest in bidding for the Canadian iron-ore operations that Rio Tinto Group is seeking to sell, according to two people familiar with situation.
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.
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.