CNBC's Jane Wells reports on the good and bad of El Nino if it develops near South American mines, and coffee and cocoa.» Read More
Executives who gathered in the Chilean city of Santiago this week acknowledged tougher environmental standards, labor strikes, community resistance and resource nationalism were also making exploration more challenging.
NEW YORK/ BUENOS AIRES, April 10- Chevron Corp and state-controlled YPF SA plan to spend an additional $1.6 billion to develop Argentina's Vaca Muerta shale formation further, boosting plans for new wells this year and announcing fresh exploration projects.
BUENOS AIRES, Argentina— A nationwide strike paralyzed Argentina's economy on Thursday, shutting down air, train and bus traffic, closing businesses and ports and emptying classrooms.
LONDON, April 10- A Deutsche Bank employee responsible for its foreign exchange business with central banks was suspended because the bank identified potentially inappropriate communication with the Monetary Authority of Singapore, a source familiar with the matter said on Thursday.
CAMBRIDGE, Mass., April 9- Ecuadorean President Rafael Correa said on Wednesday that his country would honor the terms of the $700 million bond offering it plans to make to foreign investors this year, its first international debt sale since a $3.2 billion default in 2008..
DAKAR/ LONDON, April 9- A Guinea government report recommended that BSG Resources and its joint venture partner, Brazilian mining giant Vale, be stripped of two iron ore concessions, saying BSGR obtained the rights by corruption.
SANTIAGO, April 9- Top copper mining executives have flocked to Santiago, Chile to discuss the state of the industry as concerns about oversupply and a credit crisis in China, the world's No. 1 industrial metal user, weigh on prices and sentiment. DIEGO HERNANDEZ, ANTOFAGASTA PLC CHIEF EXECUTIVE OFFICER. On mining challenges in Chile:.
BRASILIA, April 9- Brazil's rate of inflation in March picked up at the quickest pace in 11 years for that month, challenging the central bank's plan to stop raising interest rates soon and complicating President Dilma Rousseff's chances of re-election.
SAO PAULO, April 8- Petroleo Brasileiro SA borrowed 4 billion reais in a 17- year loan from Banco Bradesco SA to help pay for work on the Abreu e Lima refinery in northeastern Brazil, a source with direct knowledge of the deal said on Tuesday.
SANTIAGO, April 8- A falling copper price and an improving economy in Europe will lift European smelter and producer Aurubis's sales volumes growth of copper wire this year, from flat growth last year, a company executive said on Monday.
NEW YORK, April 8- Anglo American may exit its Michiquillay copper project in Peru, its biggest copper project, the company's copper chief has warned, the latest sign that miners are reviewing expansion plans on low prices and uncertainty over China.
*Anglo could exit Michiquillay project- Copper CEO. SANTIAGO, April 8- Global miner Anglo American may exit its Michiquillay copper project in Peru amid capital constraints, the new chief executive for copper said as he warned that red metal prices will remain weak in the short-term on uncertain Chinese growth.
April 8- MUZAFFARNAGAR, India- India's main opposition party, tipped to form the next government, appears to be returning to its Hindu nationalist roots at the start of a five-week general election, raking up divisive issues and using strong language in an area hit by religious riots.
PHILADELPHIA, United States- Federal Reserve Bank of Philadelphia President Charles Plosser speaks before the "Enhancing Prudential Standards in Financial Regulations" conference hosted by the Federal Reserve Bank of Philadelphia- 1845 GMT.
SAO PAULO, April 7- Petroleo Brasileiro SA on Monday denied shelving plans to sell debt in local and international markets later this year because of a series of scandals regarding the Brazilian state-controlled oil producer.
SAO PAULO, April 7- Brazilian state-controlled oil company Petroleo Brasileiro SA, which has been hit by a series of scandals, shelved plans to sell debt in local and international debt markets later this year, a source with direct knowledge of the situation said on Monday.
SANTIAGO, April 7- The chief executive officer of Chilean miner Antofagasta Minerals Plc said on Monday he sees China's economic problems as minor and doesn't believe a crisis brewing. The miner's $1.9 billion Antucoya copper project is on time and on budget, CEO Diego Hernandez also told Reuters on the sidelines of the CESCO/CRU copper conference in Santiago.
*Sets back work in Brazil's No. 2 oilfield by about a month. RIO DE JANEIRO, April 3- Brazilian state-run oil company Petroleo Brasileiro SA suffered another setback in its effort to boost oil output last month when Italian contractor Saipem SpA dropped a 2.3 km steel pipe into the Atlantic Ocean.
SAO PAULO, April 3- A group of 14 banks led by Grupo BTG Pactual SA on Thursday removed a firm commitment to subscribe to part of a 24.22 billion reais share offering by Brazilian phone carrier Grupo Oi SA if investor demand falls short. Itaú Unibanco Holding SA and Banco Bradesco SA considered pulling out of the deal on Tuesday, sources told Reuters that day.
RIO DE JANEIRO, April 3- Brazilian state-run oil company Petroleo Brasileiro SA suffered another setback in its effort to boost oil output last month when Italian contractor Saipem SpA dropped a 2.3 km steel pipe into the Atlantic Ocean.