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Materials and Metals

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  • Potash Corp and K+ S have both acknowledged the bid publicly but have disclosed no other details. Potash Corp, however, intends to keep K+ S's German mines operational, would not divest its market-leading salt business, and would continue with the development of a $4 billion legacy mining project in Canada, the people said on Sunday. Potash Corp also views K+ S's...

  • SHANGHAI— Police in China's financial hub Shanghai took away at least three busloads of environmental protesters outside the municipal government Saturday, preventing the latest rally that started with a rumor that a petrochemical plant could move into the area. In the latest case, thousands of residents in the Shanghai suburban district of Jinshan have...

  • June 26- Mining firm Rio Tinto Ltd has pledged to invest at least $250 million to $300 million in the construction of the underground section of the massive Oyu Tolgoi copper and gold mine in Mongolia this year, Mongolia's prime minister said on Friday. The second phase of construction at the mine is expected to begin this year, Prime Minister Chimed Saikhanbileg...

  • LIMA, June 26- Southern Copper Corp hopes to reach an agreement with angry neighbors of its planned $1.4 billion Tia Maria mine in Peru, and end deadly protests in time to begin construction of the project before the end of 2015, the company's chief executive said on Friday. In mid-May, Southern Copper, which is controlled by Grupo Mexico, announced a 60- day formal "...

  • June 26- A headless body daubed with Arabic writing was found on Friday at a factory in southeast France owned by Air Products and Chemicals Inc, a U.S.-based industrial gas and chemicals company. *Founded in 1940, the Allentown, Pennsylvania- based company reported $991.7 million in net income on $10.4 billion in sales in its most recent fiscal year.

  • *Gold hits lowest since June 5, focus on Greece. *Palladium slides to near 2- year low at $666.82/ oz. LONDON, June 26- Gold slid to three-week lows on Friday as the euro slipped against the dollar on caution ahead of crunch talks on Greece this weekend, with concerns over the longer-term outlook for the metal also weighing on prices.

  • FRANKFURT, June 26- Shares in German potash miner K+ S leapt almost 40 percent on Friday after a takeover proposal from Canada's Potash Corp which sources close to the matter said was worth more than 7 billion euros. K+ S believes Potash Corp wants to take capacity out of an over-supplied market to boost its profitability, the sources said, adding the Canadian firm...

  • LONDON, June 26- Shares in London- listed platinum producer Lonmin dropped to their lowest level in 3-1/ 2 months on Friday, after an inquiry into the killing of 34 miners during a 2012 strike put some of the blame on the company. Lonmin, the world's fourth-largest platinum producer by market value, was at the center of the 2012 strike which saw the "Marikana massacre,"...

  • *K+ S shares leap 39 pct to over 40 euros. FRANKFURT, June 26- Shares in German potash producer K+ S leapt as much as 39 percent to over 40 euros in early trading on Friday after the company received a takeover proposal from larger Canadian fertilizer producer Potash Corp.. The sources said the proposal valued K+ S at just over 40 euros a share, a 38 percent premium to...

  • K+S shares spike after takeover offer from Potash Friday, 26 Jun 2015 | 3:09 AM ET

    FRANKFURT, June 26- Shares in German potash producer K+ S leapt 38 percent to 40 euros in early trading on Friday after the company received a takeover proposal from larger Canadian fertilizer producer Potash Corp.. Two sources close to the matter however, said late on Thursday that K+ S would likely reject the 7 billion euro takeover offer as being too low.

  • June 25- German potash producer K+ S said on Thursday it has received a takeover proposal from larger Canadian rival Potash Corp of Saskatchewan Inc, starting a new takeover saga in the fertilizer industry. Potash Corp would not comment. In 2010, Potash Corp itself was the target of a $39 billion hostile bid from global mining giant BHP Billiton.

  • LONDON, June 25- British officials on Thursday rejected a Cuadrilla Resources application for shale gas fracking in northwest England, a landmark decision that is likely to deter potential investors in Britain's nascent shale gas industry. The company's project at Roseacre Wood near Blackpool could have become one of Britain's first shale gas production...

  • Thermo Fisher buying research chemicals maker for $403M Thursday, 25 Jun 2015 | 11:40 AM ET

    NEW YORK— Scientific instruments maker Thermo Fisher will spend $403 million to acquire a Massachusetts research chemicals producer. Alfa Aesar, which is located about 30 miles north of Boston, is a unit of Johnson Matthey, a British company that makes specialty chemicals. Thermo Fisher, based in Waltham, Massachusetts, recorded $16.89 billion in revenue last...

  • LUSAKA, June 25- Zambia has asked Vedanta Resources' Konkola Copper Mines to delay the processing of copper concentrate it imported from Chile until it puts in place safety measures to avoid pollution, Zambia's deputy minister of mines said on Thursday. KCM said on June 3 it had imported its first semi-processed copper from Chile to ensure its Nchanga smelter...

  • *Copper stocks falls do not indicate real demand- analyst. LONDON, June 25- Copper prices slipped on Thursday in volatile trade, hit by an impending slowdown in summer demand and fears of a Greek debt default that could hit the euro zone economy and related metals demand. Greece and its creditors will not reach an aid-for-reforms deal at a European Union summit on...

  • LONDON, June 25- Copper prices slipped on Thursday in volatile trade, hit by a looming slowdown in summer demand and as concerns over a potential Greek debt default dimmed prospects for the euro zone economy and related metals demand. Greece's international creditors will put their final proposal for a cash-for-reform deal to euro zone finance ministers for...

  • METALS-Copper falls as Greece uncertainty persists Thursday, 25 Jun 2015 | 7:01 AM ET

    LONDON, June 25- Copper fell on Thursday in volatile trade, weighed down by a looming summer demand slowdown and as concerns over Greece weighed on the economic picture and related metals demand. Greece's international creditors have given Athens an ultimatum to come up with a new, workable proposal of reforms to unlock new funding and avert a fast approaching...

  • METALS-London copper slips as Greece debt default looms Thursday, 25 Jun 2015 | 4:26 AM ET

    MELBOURNE, June 25- London copper erased early gains on Thursday to turn lower, as traders cut risk, with the clock ticking on efforts to reach a deal on Greece's debt. Greece's ruling Syriza party dismissed reform demands from the country's international creditors as "blackmail" on Thursday as crisis talks to avert a debt default and a euro zone exit entered a...

  • June 25- Molycorp Inc, the only U.S. supplier of rare earths, filed for Chapter 11 bankruptcy protection on Thursday along with its North American subsidiaries to restructure $1.7 billion of debt in its U.S. and Canadian operations. Molycorp, whose shares have lost 86 percent of their value in the past year, said it had obtained agreement for up to $225 million in new...

  • June 25- Rare earths miner Molycorp Inc filed for Chapter 11 bankruptcy protection on Thursday along with its North American subsidiaries to restructure $1.7 billion of debt in its U.S. and Canadian operations. Molycorp has also obtained agreement for up to $225 million in new debtor-in-possession financing, it said in a statement. The Birmingham, Alabama-...

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