Commodities & Metals
Commodities & Metals Articles
Barely a week ago, we noted that Terra Industries, Inc. (NYSE: TRA) was likely to refuse an unsolicited offer from CF Industries Holdings, Inc. (NYSE: CF) because the deal included only 0.4325 shares...
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We have been saying for some time that 2009 would be a tougher year for coal producers than 2008 was. The struggling economy just doesn’t need more energy. CONSOL Energy Inc. (NYSE: CNX) put some...
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Gold has traditionally served as a safe haven for investors in times of economic turmoil or as a store of value during inflationary periods. The Economist recently argued that now is the time to...
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Mosaic Co. (NYSE: MOS) was lost in the financial shuffle today. Perhaps it should not have been. The stock rose up 8.5% at $43.05 today on more than double the normal volume. Options were...
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Canadian-based fertilizer maker Agrium Inc. (NYSE: AGU) made an unsolicited offer for CF Industries Holdings, Inc. (NYSE: CF) earlier this week of one share of stock plus $31.70 cash for each CF...
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We covered last weekend about how the $1,000.00 gold was at an inflection point and looking as though it was either poised to pop to $1,200.00 on the speculation of fear or that it was likely to fall...
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A guest on CNBC this morning predicted that Gold was ready to go through the roof. The 20 to 25 year unwinding of the credit boom has led Hans Goetti, Chief Investment Officer of LGT Bank in...
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An affiliate of State Street Corporation (NYSE: STT) reported this morning that its ETF SPDR Gold Trust (NYSE: GLD) has amassed more than $30 billion in assets. That makes the trust second only to...
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Newmont Mining Corporation (NYSE: NEM) and Goldcorp Inc. (NYSE: GG) both reported earnings this morning. Newmont had net income of $10 million ($0.02 EPS) on revenue of $1.342 billion. On a non-GAAP...
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Canadian gold miner Apollo Gold Corp. (NYSE: AGT) is negotiating with its lenders for an additional $70 million to complete the company’s Black Fox project in Ontario. The company may make the...
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The Chinese government-controlled mining and metals company Chinalco is putting $19.5 billion into publicly traded peer Rio Tinto (TRP). A billion dollars of the cash will go to buying back a piece...
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Intrepid Potash, Inc. (NYSE:IPI) has announced that President and Chief Operating Officer, Patrick L. Avery, is leaving the company. This isn’t over management performance or over company...
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Results from the world’s largest steelmaker, ArcelorMittal (NYSE:MT), could have been worse, but it’s hard to see how. For the fourth quarter, the company posted a loss of $2.63 billion (EPS of...
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Patriot Coal Corp. (NYSE:PCX) reported fourth quarter and full year numbers this morning. Patriot’s report follows the trail blazed earlier this year by Peabody Energy Corp. and Arch Coal Inc....
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It has probably occurred to the management at Dow Chemical (DOW) that it can not win a suit brought by Rohm and Haas (ROH) to force Dow to complete its buyout. The early read on the merger...
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