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Bloomberg

Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.

Uranium expected to gain on nuclear investments

18th July 2006 Uranium prices may gain as Japan, South Korea, India and the United Kingdom build more nuclear reactors to meet rising energy demand, Merrill Lynch & Co. said. 

AngloGold's Nufcor raised £67,6m in fund IPO

18th July 2006 AngloGold Ashanti and Rand Merchant Bank's uranium unit raised 67,6-million pounds ($123 million) by selling shares in a new company that will operate like an exchange traded fund, allowing investors to buy uranium. 

Copper prices rise as China's economy grew more than forecast

18th July 2006 Copper prices rose in London and New York as the economy of China, the world's largest consumer of the metal, grew at the fastest pace in more than a decade. 

Phelps boosts bids for Inco, Falconbridge to $36bn

17th July 2006 Phelps Dodge Corp. boosted its friendly offer for Canadian nickel producers Inco Ltd. And Falconbridge Ltd. to C$41-billion ($36,3-billion) in cash and stock, attempting to thwart hostile suitors in the biggest mining takeover ever. 

De Beers boosts settlement by $45m

17th July 2006 De Beers agreed to pay an additional $45-million to settle a lawsuit by US consumers, retailers and jewellery makers who alleged the company fixed prices from 1994 to 2005, Antwerp-based Polished Prices said, citing a De Beers statement. 

Gold drops in New York on report Israel may end Lebanon attack

17th July 2006 Gold fell in New York, paring an earlier gain, after Sky News cited an Israeli official as saying the offensive against Hezbollah targets in Lebanon may end within days, reducing the attraction of bullion as a haven. 

Nickel rises to 19 year-high in London as stockpiles decline

17th July 2006 Nickel rose to its highest in at least 19 years as stockpiles shrank, curbing supply of the metal used to make stainless steel. 

Macquarie lifts 2006 price forecasts for copper, zinc

17th July 2006 Macquarie Bank Ltd., Australia's largest securities firm, raised its price forecasts for copper, nickel and zinc this year and cut estimates for aluminum, lead and alumina. 

Highveld shares plunge after Anglo sells control to Evraz

14th July 2006 Highveld shares fell as much as 14% after Anglo American Plc said it would sell a 79% stake in the company to Evraz Group SA at a discount to yesterday's closing price. 

Antofagasta to form JV with AngloGold in Colombia

14th July 2006 Antofagasta Plc, the London-based owner of three copper mines in Chile, agreed to form a joint venture with AngloGold Ashanti Ltd. to explore for metals in Colombia. 

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