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- BRIEFING - ASIA MINING - JULY 3, 2009
prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities. CHINALCO CONFIRMS BUYING US$1.5 BLN OF RIO TINTO SHARES BEIJING - Aluminum Corporation of China
- Won leads weekly advance in Asia as export slump eases
Asian currencies gained last week, led by South Koreas won, as data indicated regional exports are improving as a global recession abates. The won snapped a three-week losing streak as overseas investors bought more Korean stocks than they sold on each
- Asian stocks post weekly loss on recovery concern
Asian stocks fell in the past week, the second weekly decline in three, as government data showed job markets are worsening, stoking concern the global economy will recover soon. The MSCI Asia-Pacific Index lost 0.8 percent in the week, retreating from
- China worried about investors repaying loans
Chinas massive economic stimulus plan has launched some projects that are wasteful, possibly making it hard for investors involved to repay bank loans, Chinas central bank chief said yesterday. Some projects may be too wasteful, and some projects in
- Teck sells stake to Chinese firm
Mining company Teck Resources Ltd said on Friday it is selling a 17 percent stake to China Investment Corp (CIC, q) for C$1.74 billion (US$1.5 billion) in a bid to reduce its debt load. The Vancouver-based company said CIC, the worlds largest commodity
- Humans may have evolved in Asia, not Africa
Page 9 Fossils recently discovered in Myanmar could prove that the common ancestors of humans, monkeys and apes evolved from primates in Asia, rather than Africa, researchers contend in a study released on Wednesday. However, other scientists said that
- China Investment to spend $1.74 B on stake in Teck Resources
Mining giant Teck Resources Ltd. has struck a $1.74-billion private placement designed to lighten its debt load, and its chief executive says he hopes the deal will also boost the Canadian company's relationship with China. Vancouver-based Teck said
- Fossil Find in Burma Suggests Asian Origin for Missing Link
This could be the hottest dead thing since Michael Jackson. Fossils dug up in Burma may be the long-searched for 'missing link' between man and just about everything else. As baseball season heats up, so does the race for the World's Oldest Fossil
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