Higher metals prices boost Falconbridge
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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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The theft of copper signalling cable from railways has risen significantly, British Transport Police reveals.
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Freeport-McMoRan's merger bets on sustained copper prices.
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The share price of Standard Life has risen following flotation of its stock on the British stock market.
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SYDNEY/NEW YORK  - Shares of copper producer Freeport-McMoRan Copper & Gold Inc.  jumped 5 percent in U.S. trading on rumors of a takeover bid by BHP Billiton Ltd/Plc , but analysts gave an offer low odds.
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Company confirms double-digit price rises for gas and electricity
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Criminals do not normally monitor commodities markets, but high metals prices have grabbed their attention, fueling more thefts of copper wire and other items whose metal components can be sold for scrap.
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Xstrata PLC, the world's third-largest copper producer, said Tuesday it will raise 2.9 billion pounds ($5.47 billion) in a special equity offering to help finance its takeover of Canadian mining company Falconbridge Ltd.
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The pound climbed back above 2.0 dollars in early trading on Monday, as dealers priced in a likely interest rate hike by the Bank of England (BoE) next month.
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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.
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Stock futures rose on Monday, boosted  by a flurry of deal news including a report that BHP Billiton  has revived plans for a $40 billion takeover of aluminum  producer Alcoa Inc. .
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London equities made strong gains on Friday, as fresh bid activity energerised the mining sector.
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Phelps Dodge Corp.  raised its  bid for Inco Ltd.  on Sunday and Inco raised its offer  for Falconbridge Ltd. , as the companies battled to  protect their proposed US&#36;41 billion three-way merger and  create the biggest mining company in North America.
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European equity markets were higher on Tuesday as sentiment was boosted in the telecoms sector after an upgrade for Vodafone, while steelmakers were lifted by merger speculation.
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Anglo-Australian mining giant Rio Tinto has said that interim net profits rocketed 75.3 percent, with a colossal increase in copper prices contributing one billion dollars to the earnings.
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ANDREW Forrest&#39;s dream of becoming a third iron ore force in the Pilbara moved a step closer yesterday. The Fortescue Metals chief executive last night announced the signing of three Chinese contracts supporting
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LONDON (CBS.MW) -- Anglo-Aussie miner BHP Billiton (BHP) (UK:BLT) climbed 2.8 percent to lead FTSE 100 components after it increased its share buyback to A$2.27 billion (US$1.78 billion) from the A$1 billion to A$1.5 billion it had predicted it would buy