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Materials and Metals

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  • CALIFORNIA COMMITTEE VOTES TO ADVANCE BILL TO FORCE CALPERS, CALSTRS TO STOP INVESTING IN COAL MINING COMPANIES.

  • SAN FRANCISCO, June 24- A bill to require California's state pension funds Calpers and CalSTRS to sell their investments in companies that generate at least half their revenue from coal mining received three of the four required votes in a preliminary count at a California Assembly committee on Wednesday. In the United States, Stanford University and the...

  • CALIFORNIA PENSION COAL MINING DIVESTMENT BILL IN PRELIMINARY VOTE GETS 3 OF THE 4 VOTES NEEDED TO ADVANCE, FINAL VOTE STILL AWAITED.

  • SAO PAULO, June 24- Brazilian miner Vale SA could raise about $1.5 billion through the sale of a stake in one of its Brazil- based assets, a senior executive said on Wednesday. Such a recovery has remained illusive with nickel down 30 percent in the last year to $12,760 a tonne. Chief Financial Officer Luciano Siani told Reuters in December the IPO would only go ahead...

  • *Prices steady as Greece says deal with creditors rejected. LONDON, June 24- Gold steadied off a one-week low on Wednesday after Greece said international lenders had rejected its latest proposals to avoid default, knocking stocks, and as the dollar retreated. The precious metal has declined for the last three days as the dollar strengthened, and as optimism over...

  • June 24- Monsanto Co, the world's largest seed company, reported a better-than-expected profit for the third quarter on Wednesday, and said it continues to pursue the acquisition of Swiss rival Syngenta AG. Monsanto, known for its genetically engineered corn, soybeans and other crops as well as its popular Roundup herbicide, said for the quarter it made $1.14...

  • SHANGHAI— At least 5,000 residents of a Shanghai suburb protested Wednesday over a report that a petrochemical plant may be moved to their neighborhood, although authorities dismissed the report as untrue. The protest reflected growing public concern about the environmental impact of projects such as petrochemical plants, as well as the public's deep...

  • Monsanto posts higher 3Q profit, pursues Syngenta tie-up Wednesday, 24 Jun 2015 | 8:07 AM ET

    WASHINGTON— Monsanto Co. reported better-than-expected earnings results for the third quarter on Wednesday as executives continued to pursue a $45 billion takeover of Swiss competitor, Syngenta AG. The St. Louis company reiterated its goal to more than double its 2014 earnings per share by 2019, emphasizing the potential benefits of a combination with...

  • *Prices firm as Greece says deal with creditors rejected. LONDON, June 24- Gold edged higher on Wednesday after Greece said international lenders had rejected its latest proposals to avoid default, knocking stocks, and as a softer dollar helped the metal recover from a one-week low. The precious metal has declined for the last three days as the dollar...

  • "We now see little prospect of a sustainable nickel price or stainless stocking upturn ahead of the July/August holiday period," Citi said. But it is also symptomatic of a reassessment of the bullish supply story that has been bubbling away in the nickel market since Indonesia banned nickel ore exports at the start of 2014, at a stroke cutting the raw materials...

  • SANTIAGO, June 23- Workers at Chile's massive Collahuasi copper mine on Tuesday said they would not back down in a conflict with employers and urged miners elsewhere to stage a national strike. The principal union at the Collahuasi mine, owned jointly by Glencore Plc and Anglo American Plc, described the firing of 31 striking workers eight days ago as "...

  • NEW YORK, June 23- New York has fined four makers of liquid nicotine used in electronic cigarettes over packaging that was too easy for children to open, in violation of a law enacted last year after a toddler died from ingesting the substance, the state's top prosecutor said on Tuesday. New York Attorney General Eric Schneiderman announced a settlement with four...

  • JOHANNESBURG, June 23- South Africa's mines minister on Tuesday hailed 2014 as the "safest year" in the history of an industry that has claimed a huge toll in mostly black lives over the past century. But Ramatlhodi said "the figures till the end of March 2015 show that we are well on track to improving further" on the 2014 numbers. South Africa's mines are the deepest...

  • Creator of pink plastic lawn flamingo dies at 79 Tuesday, 23 Jun 2015 | 8:20 AM ET

    BOSTON— Don Featherstone was a classically trained painter, a talented sculptor and artist who became famous for creating the pink plastic lawn flamingo— the ultimate piece of American suburban kitsch. He died at an elder care facility in Fitchburg, Massachusetts, after a long battle with Lewy body dementia, his wife of 40 years, Nancy, told The Associated Press on...

  • VANCOUVER, June 23- The global gold mining industry is showing signs of life as merger activity picks up and industry veterans set up new companies and hunt for projects, taking advantage of weak prices to lay the groundwork for a rebound. In the first quarter, Paris- based asset manager Carmignac Gestion bought 11.65 million shares of Goldcorp, the highest valued...

  • June 22- A widely used farm chemical that is a key ingredient in a new herbicide developed by Dow AgroSciences "possibly" causes cancer in humans, a World Health Organization research unit has determined. The classification of the weed killer, 2,4- dichlorophenoxyacetic acid, known as 2,4- D, was made by the WHO's International Agency for Research on Cancer.

  • June 22- A widely used farm chemical used as a key ingredient in a new herbicide developed by Dow AgroSciences "possibly" causes cancer in humans, a World Health Organization research unit has determined. The classification of the weed killer, 2,4- dichlorophenoxyacetic acid, known as 2,4- D, was made by the WHO's International Agency for Research on Cancer.

  • June 22- Steel Dynamics Inc forecast a drop in second-quarter adjusted profit, citing a fall in average selling prices due to steel imports staying higher than anticipated. The steelmaker said it expected adjusted earnings of 20- 24 cents per share for the current quarter, significantly less than the 31 cents per share it earned in the same period a year ago.

  • Steel Dynamics forecasts fall in quarterly profit Monday, 22 Jun 2015 | 7:53 AM ET

    The steelmaker said it expected adjusted earnings of 20- 24 cents per share for the current quarter, significantly less than the 31 cents per share it earned in the same period a year ago.

  • TOKYO, June 22- The Bank of Japan said it expects factory output to fall for the first time in three quarters in April-June on weak Asian demand, underscoring the fragile nature of the economic recovery. Industrial production rose 1.5 percent in January-March from the previous quarter, helping the world's third largest economy expand much faster than expected.

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