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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.

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. 

Mittal, Arcelor now won, targets China, $8,7bn India mill

14th July 2006 Lakshmi Mittal, who won his five-month battle to take over Arcelor SA and create the world's largest steelmaker, now faces a bigger challenge. He plans to break into the fast-growing markets of China and India, where Arcelor and Mittal Steel Co. don't control any assets. 

Abramovich buys into SA steel company

14th July 2006 Evraz Group SA, the Russian steelmaker partly owned by billionaire Roman Abramovich, agreed to buy Anglo American Plc's 79% stake in Highveld Steel & Vanadium Ltd. for R4,89-billion. 

Copper rises on concern output at world's largest mine may drop

14th July 2006 Copper rose in London, heading for a third straight weekly gain, amid concern that a pay dispute at the world's largest mine may lead to reduced production. 

Eskom may burn 114m t of coal this year

13th July 2006 Eskom Holdings Ltd., which says it's the world's biggest coal buyer, may burn as much as 114-million tons of coal in the 12 months ending March 2007. 

Morupule to boost coal output to feed Botswana power expansion

13th July 2006 Morupule Colliery Ltd., the Botswana coal producer part-owned by De Beers, may more than triple production to provide fuel for a possible 11-fold expansion by the country's state-owned power utility. 

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