Roberto Suarez

Issues hound incoming Fortescue chairman Forrest

Incoming chairman of Fortescue Metals Andrew Forrest is being hounded by issues that the board under his leadership will just be merely a rubber stamp and will not question his decisions, according to the Australian Shareholders Association.

Massachusetts placed on state of emergency

The State of Massachusetts is placed under a state of emergency after two confirmed tornadoes hit towns in western areas that left four people dead and destroying houses and buildings across a 40 mile radius.

Xstrata still positive on metals forecast

The commodity markets will sustain its growth in the medium to the long term in spite a projected slowdown in inventories of key buyers including China, Xstrata Plc's Chief Executive Officer Mick Davis in a mining conference on Wednesday.

OZ Minerals denies bribery allegations

OZ Minerals and the Cambodian government both denied accusations of bribery that the Australian mining company allegedly bribed relatives of the government officials of Cambodia worth hundreds of thousand of dollars in 2009 to get a contract approved.

Forrest retires as CEO of Fortescue Metals

Andrew Forrest will retire as Chief Executive of Fortescue Metals Group Ltd's and take over as its chairman, to get a relief from the everyday operations of the iron ore mining company.