Has Aracruz Celulose (ARA) found a bottom?
October 7, 2008 by Stephanie Grimmett
Filed under Gold and Resources
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After sacrificing its CFO in the Brazilian currency crisis last month, Aracruz Celulose (ARA) stock was down for the count. But today shares aren’t continuing their crash. Have we seen a bottom in ARA?
by Stephanie Grimmett
Baltimore — (TFN): Brazilian pulp manufacturer Aracruz Celulose (NYSE:ARA) fired its chief financial officer a [...]
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Post tags: aracruz, brazil, celulose, cfo, chief financial officer, currency crisis, eucalyptus, pulp, reais, stephanie grimmett, vcp, Votorantim Celulose e Papel
Rusal vs. Norilsk (NILSY): Who wins if nickel loses?
October 3, 2008 by Stephanie Grimmett
Filed under Gold and Resources
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Russian billionaires are squabling over the world’s largest nickel producer. But while they struggle for control, no one has considered what’s best for Norilsk (NILSY). Commodities prices are falling, and demand is sliding. Could Rusal save Norilsk? More importantly, does anyone care?
by Stephanie Grimmett
Baltimore — (TFN): Yet again, Russian billionaires are reenacting a [...]
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Post tags: alumina, aluminum, bauxite, bhp, billiton, Commodities, copper, deripaska, medvedev, nickel, nilsy, norilsk, palladium, platinum, potanin, putin, rusal, russian billionaires, stephanie grimmett
Xstrata (XTA) and Lonmin (LMI): The buyout isn’t dead
October 1, 2008 by Stephanie Grimmett
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Xstrata (XTA) has dropped its $10 billion hostile takeover offer for Lonmin (LMI), or has it? Xstrata’s new investment could be a step toward a cheaper buyout attempt six months from now.
by Stephanie Grimmett
Baltimore — (TFN): Just as predicted, Xstrata (London:XTA) walked away from its hostile bid to buyout Lonmin (London:LMI) today. But [...]
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Post tags: british takeover panel, buyout, credit, hostile, lmi, lonmin, market, mining, moratorium, platinum, stephanie grimmett, Xstrata, xta
Cosan (CZZ) down 14%: Sweet or bitter?
September 30, 2008 by Stephanie Grimmett
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Cosan (CZZ) actually saw overall gains from the market crash on Monday. But is it ready for an investment?
by Stephanie Grimmett
Baltimore — (TFN): The markets went mad yesterday, and I’m not just referring to the free fall due to the bailout bill. In the kind of wild insanity that ruled Monday, traders [...]
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Post tags: cane, commercio, correction, cosan, czz, ethanol, industria, market crash, monday, stephanie grimmett, sugar, traders
Will Xstrata (XTA) fill vacuum left by Lonmin (LMI) CEO?
September 29, 2008 by Stephanie Grimmett
Filed under Gold and Resources
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Lonmin’s CEO shocked the world by stepping down three days before the Xstrata (XTA) deadline. But the exit of Brad Mill leaves investors wondering not whether Lonmin (LMI) will accept the offer but if Xstrata will back out before it can.
Baltimore — (TFN): Three days before the Xstrata (London:XTA) bid deadline, and Lonmin [...]
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Post tags: brad mills, ceo, chief strategic officer, copper, ian farmer, lmi, lonmin, platinum, stephanie grimmett, Xstrata, xta
Vale (RIO) cuts off iron ore… and China goes shopping
September 25, 2008 by Stephanie Grimmett
Filed under Gold and Resources
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Vale (RIO) has cancelled its iron ore shipments to China until the country’s steelmakers cough up more dough. But China has other ideas. And Vale may find its products aren’t as vital as it originally thought.
by Stephanie Grimmett
Baltimore — (TFN): It’s the "teach a man to fish" theory of steelmaking: Buy iron [...]
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Post tags: australia, bhp, billiton, brazilian, china, chinese, grange resources, grr, iron ore, jiangsu shagang, rio, RTP, steel, steelmakers, stephanie grimmett, tinto, vale
Can you profit from paper stocks?
September 19, 2008 by Stephanie Grimmett
Filed under Gold and Resources
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"Stock prices for paper companies have been erroding for more than a year. But a recent bump upward could mean the mills might rise again." — Stephanie Grimmett
by Stephanie Grimmett
Baltimore — (TFN): I’m betting this will have tree-huggers (the literal kind, not just any hippy who might be around) screaming for blood: Did you [...]
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Post tags: china, chinese, coal, consolidation, europe, iron ore, paper, paperless, papermill, stephanie grimmett, stocks, stora enso, svenska cellulosa, tree hugger, us, wall street journal, web 2.0
Vale (RIO) pushes China for higher prices
September 4, 2008 by Stephanie Grimmett
Filed under Gold and Resources
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"When yearly contracts were made in February at an 86% increase on last year’s prices, China’s steel producers gulped so hard they nearly swallowed their own teeth. But that wasn’t the end of it. Both Rio Tinto and BHP renegotiated their contracts for even higher prices this summer. And now its big brother’s turn." — [...]
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Post tags: australia, bhp, billiton, brazil, china, companhia, doce, iron ore, rio, RTP, souther systems fines, steelmakers, tinto, ton, vale
India the harbinger of a sugar shortage?
August 27, 2008 by Stephanie Grimmett
Filed under Gold and Resources
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"India’s situation isn’t unique. Worldwide, sugar prices have gained 50% in the last 12 months (33% since the beginning of 2008). But the country may be the canary in the coalmine… or in the sugar refinery, as the case may be." — Stephanie Grimmett
by Stephanie Grimmett
Baltimore — (TFN): India is importing raw sugar [...]
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Post tags: grupo copersucar, India, refiner, refinery, saccharin, shortage, shree renuka, sugar
Avoid Lonmin (LMI:London) After Xstrata (XTA:London) Refusal
August 7, 2008 by Stephanie Grimmett
Filed under Gold and Resources
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"This isn’t good news for the platinum miner, which says it’s being grossly undervalued and Xstrata is just taking advantage of the recent slide in commodities prices to lowball Lonmin." — Stephanie Grimmett
by Stephanie Grimmett
Baltimore — (TFN): Xstrata (XTA:London) is loooking to buy, and it’s not too particular about how.
The British-Swiss [...]
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Post tags: Commodities, lmi, lonimn, mining, platinum, south africa, Xstrata, xta