JAKARTA, May 25- Between 35 and 40 percent of workers at Freeport McMoRan Copper& Gold Inc's Indonesian unit returned to work on Saturday to carry out maintenance work after a tunnel collapse that killed 28 people, a union official said.» Read More
Marius Kloppers, outgoing CEO at BHP Billiton discusses the global miner's 43 percent profit slump while incoming CEO Andrew Mackenzie describes BHP's future strategy.
*Higher production in China spurred by rise in prices. NEW YORK/ LONDON, Feb 20- Stronger steel output in top producer China and in Asia as a whole, offset falls in Europe, the United States and most other producing regions in January, data from an industry body showed on Wednesday.
Puru Saxena, CEO of Puru Saxena Wealth Management says miners' profitability will come under pressure.
CNBC's Matthew Taylor takes on the challenge of the daily 'Stock in 60 Seconds' segment and looks at shares of BHP Billiton to observe the impact of CEO Marius Klopper's resignation.
*H1 profit before one-offs drops 43 pct to $5.68 bln. *Takes $3 bln charge on alumina, nickel assets. MELBOURNE, Feb 20- BHP Billiton Ltd appointed the head of its non-ferrous business as its CEO to replace Marius Kloppers, the fourth global miner this year to change its top brass as the industry enters a new era of austerity.
SINGAPORE, Feb 20- London copper climbed on Wednesday from three-week lows hit the session before as merger activity in the United States and strong German business morale boosted stock markets and stoked risk appetite. *The most-traded May copper contract on the Shanghai Futures Exchange slipped 0.20 percent to 58,770 yuan a tonne.
Marius Kloppers, outgoing CEO of BHP Billiton reassures shareholders at a Sydney press conference that the world's biggest miner won't change tack after shocking investors by announcing Kloppers' retirement in May.
Global miner BHP Billiton appointed the head of its non-ferrous business as its new chief executive on Wednesday to replace Marius Kloppers.
MELBOURNE, Feb 20- Global miner BHP Billiton appointed the head of its non-ferrous business as its new chief executive on Wednesday to replace Marius Kloppers, as it reported an expected 43 percent drop in half-year profit.
Feb 19- Exxon Mobil Corp, the world's largest publicly traded oil company, said on Tuesday its oil and gas reserves rose last year, boosted by output from shale formations in the United States and projects in Canada.
JOHANNESBURG, Feb 19- Anglo American Platinum expects operations at its South African mines to resume on Wednesday after workers staged a one-day walk-out following union violence at one of its mines, a spokeswoman said.
Feb 19- Freeport-McMoran Copper& Gold Inc said on Tuesday it has secured $7 billion in debt financing to help fund its move to diversify into oil and gas. The copper miner said it had reached deals with two bank syndicates for a $4 billion term loan and a $3 billion revolving credit facility.
*LME-ShFE copper price gap narrows on small China buys. SINGAPORE, Feb 19- London copper drifted to a three-week low on Tuesday as unease over China's limp return to the market from a week-long break weighed on prices, although bargain hunting limited losses.
LIKASI, Democratic Republic of Congo, Feb 19- T rucks of workers and building materials hurtle through the mining town of Likasi at the heart of Congo's copper producing south, evidence of the billions being poured into the region after years of war and underinvestment.
*Brazil hasn't had oil-rights auction since 2008. RIO DE JANEIRO, Feb 19- Brazil's oil regulator said on Tuesday it plans to hold a special auction on Oct. 30 and 31 to sell rights to explore for natural gas in onshore shale deposits, a move that could help raise the supply of gas and cut its cost. Brazil has not auctioned exploration and production rights since 2008..
Nick Trevethan, Senior Commodities Strategist at ANZ Research says the recent labor unrest in South Africa will push prices higher on mining services. He predicts gold could reach the 1,890 level.
SINGAPORE, Feb 19- London copper inched higher on Tuesday on bargain hunting given prospects for a slowly improving global economic recovery, after hitting three-week lows the previous session. *The most-traded May copper contract on the Shanghai Futures Exchange fell 0.49 percent to 58,880 yuan a tonne.
LONDON, Feb 18- Copper prices dipped to a near 3- week low on Monday as signs of weak global growth dampened the demand outlook for industrial metals, with the focus on buying interest from top consumer China where investors are returning from a week-long holiday.
About 40 masked attackers raided a disputed gold-mining project in northern Greece early on Sunday, setting fire to machinery and lightly injuring four security guards, police said.
Lee Downham, mining and metals transactions at Ernst & Young, says deal activity in mining & metals is set to recover in 2013, financed by private equity.