Offshore Capitalist

Category Archives: Mining

China mining industry made $50 billion worth of overseas M&A – People’s Daily Online

The Chinese mining industry has carried out overseas mergers and acquisitions worth more than 50 billion U.S. dollars in the last decade, according to statistics from Ernst & Young.
In 2008 and 2009, the industry’s mergers and acquisitions totaled 40 billion U.S. dollars, which accounts for 80 percent of the total number in the past 10 [...]

Lower returns predicted from international mining giants

FORMER BHP Billiton chief executive Chip Goodyear predicts shareholder returns from international mining giants will fall in the next decade.
He says the global mining sector will fragment with entrants such as China’s state owned-enterprises forcing major miners to loosen their grip on individual commodities. But the man who steered the group to its position as [...]

Rio to double spending in 2010

LONDON (Commodity Online): Signs of economic recovery were visible in mining companies’ plans for the coming year with mining giant Rio Tinto doubling its planned capital spending for next year to at least $5-billion.
Capital spending in 2010 was due to be cut to $2.5-billion, just enough to sustain current mines, but current plans were for [...]

A Fund For Mining, Metals and Energy Natural Resources

JP Morgan Natural Resources (a UK OEIC) is a highly respected fund managed by Ian Henderson, with colleague Stuart Connell.  With an overall Morningstar 4-Star rating, the fund’s objective is long term growth by investing primarily of shares in companies throughout the world engaged in the production and marketing of commodities.
As at today’s date, the [...]

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