Bargain-hunters take a chance on miners

Article Abstract:

Cautious investors are buying up Australian mining stocks, attracted by impressive dividend yields and optimistic economic forecasts. Mining stocks have been decreasing in value due to reduced demand for gold, a fall in the Australian dollar, and the 1997 Asian currency crisis. Investors are predicting that Asia will up exports to improve its economy, and Australia supplies much of Asia's raw materials.

Economic aspects

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Jealous miners

Article Abstract:

Swiss coal company Xstrata AG may bid to acquire Australian mining firm MIM Holdings. Analysts predict that BHP Billiton and Rio Tinto could make counter-offers, but MIM operations would not fit well with either of those companies.

Australia, Acquisitions & mergers, Switzerland, Mining & Extractive Industries, Mining, All Other Metal Ore Mining, Ferroalloy ores, except vanadium, Ferroalloy Ores, Chemical and Fertilizer Minerals, Chemical & Fertilizer Minerals, Other Nonmetallic Mineral Mining and Quarrying, Mergers, acquisitions and divestments, Company acquisition/merger, Nonmetal mining, Coal industry, Ores, Fertilizers, Mineral industry, Ferroalloys, Rio Tinto Ltd., MIM Holdings Ltd., BHP Billiton Ltd., Xstrata AG

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Miners discover a rare nugget of optimism

Article Abstract:

Issues concerning the financial aspects of mining company shares are discussed, with implications for growth in the market through mergers and acquisitions.

Finance, Mineral deposits, Mines and mineral resources, Mining

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