Monday, July 9, 2007

European Mining Stocks May Gain; BHP Billiton, Rio Tinto Might Advance

(Bloomberg) -- European mining stocks may rise for a
ninth day after UBS AG lifted its share-price forecasts for BHP
Billiton Ltd., Rio Tinto Group and Antofagasta Plc.

U.S.-traded securities of BHP, the world's biggest mining
company, and Rio Tinto, the third-largest, advanced. Royal Numico
NV may be active after Groupe Danone SA said it offered to buy
the company for 12.3 billion euros ($16.8 billion) after the
market close yesterday. The shares were suspended from trading.
Solarworld AG might drop after UBS downgraded the stock.


Read more at Bloomberg Stocks News

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