CIC head warns of asset price bubble

China’s sovereign wealth fund has invested about half its $110bn in available capital in overseas stocks, mining, energy and real estate and has earned decent returns so far, according to the head of the fund

• CIC to make push into Mongolia
• CIC buys stake in Kazakh oil and gas group

CIC to make push into Mongolia

CIC continues its string of global deals with an investment of $500m into a Canadian coal mining company in Mongolia

Caterpillar boosts US recovery hopes

The world’s biggest maker of earth-moving equipment and heavy duty engines is rehiring workers

Colliery death delays production at UK Coal

Lower electricity demand has depressed coal prices in recent months, UK Coal said, although the company’s output remains broadly steady, with some slight declines in surface mining output

Toshiba targets metals deal in Kazakhstan

The Japanese company aims to agree a deal with Kazatomprom by the end of the year to extract rare metals and rare earth elements amid Tokyo’s concern over the supply of the materials

Lex: Anglo American

The mining giant is knocking itself into shape, stripping out management clutter and restructuring the remainder. But it still faces internal challenges

Anglo American takes axe to 2,700 managers

The world’s fourth-largest mining group unveiled a radical restructuring that will see it shed around a quarter of its managers, decentralise its business and sell more assets

BHP warns on sustainability of demand

BHP Billiton warned improvements in the world economy did not necessarily mean that real and sustainable demand for raw materials had returned