Profit jump at Russia nickel firm
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Russian giant Norilsk Nickel, the world's largest nickel miner, sees its annual profits more than double.
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Russian officials handling the sale of a stake in oil giant Lukoil have set a opening price of $1.9bn (Â£1bn) for 7.6% of the company.
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The world&#39;s largest gold producer, Newmont Mining Corp. (NEM.N: Quote, Profile, Research) , on Wednesday said higher gold prices drove up quarterly profit by 12.
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The company said quarterly profit would be higher than analystsâ estimates and it raised its full-year outlook as exchange rates and price and volume increases offset high commodity costs.
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Dofasco Inc., Canada&#39;s biggest steelmaker by sales, said third-quarter profit rose almost quadrupled to a record as North American demand for the metal drove prices to all-time highs.
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The world's largest gold producer,  Newmont Mining Corp. NEM.N, on Wednesday said higher gold  prices drove up quarterly profit by 12.5 percent, even though  it sold less of the precious metal.
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Fourth-quarter profit surged at Alcan Inc.   on higher aluminum prices, the company said on Wednesday.
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LONDON, December 20  - Russiaâs mining giant Norilsk Nickel announced today that it has begun preliminary talks with two South African companies, namely Gold Fields (GFI.
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Caterpillar Inc.  said on Friday its profit in the latest quarter rose more than 10 percent as strong international mining, energy and construction sales offset a decline in U.S. equipment and engine sales.
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Goldman Sachs Group Inc. (GS.N: Quote, Profile, Research) on Thursday said fourth-quarter profit rose 23 percent as its fixed-income, currency and commodities business soared while
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Goldman Sachs Group Inc. GS.N on  Thursday said fourth-quarter profit rose as its fixed-income,  currency and commodities business soared while a rebounding  stock market boosted investment banking.
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TORONTO - Falconbridge Ltd. said higher prices for nickel, copper and zinc helped it post a big increase in its third-quarter results.
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LionOre Mining International, the nickel producer, said that the takeover offer of $6.8 billion Canadian dollars ($6.3 billion) from Norilsk Nickel of Russia was superior to a rival offer by Xstrata of Switzerland. Xstrataâs most recent bid was for $6.2 billion Canadian dollars. Both companies have now made two offers for LionOre. Under the terms of an agreement signed with LionOre, Xstrata has until June 1 to match Norilskâs offer.
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Russian mining company OAO Norilsk Nickel on Wednesday raised its bid offer for Canadian gold and nickel producer LionOre to $6.27 billion.
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CHEMICAL, paint and explosives manufacturer Orica tripled its net profit in 2003-04, booking a bottom-line result of $327.8 million and forecasting further growth on the back of strong demand from the mining sector.
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THE multimillion-dollar investment by Norilsk Nickel, the Russian mining giant, in Gold Fields could be set to give the group a 10 per cent stake in the worldâs biggest gold mining company.
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Miner Xstrata Plc  beat forecasts by more than doubling its 2006 adjusted profit and said strong demand from China and India, coupled with tight supplies, would keep metal prices high, boosting its shares.