SINGAPORE, March 11- Chinese steel mills and traders holding iron ore as collateral for financing are rushing to sell to repay loans, traders said, piling more pressure on the steel-making raw material that has lost over a fifth of its value this year.» Read More
CHICAGO, Oct 4- Commodities markets were mixed on Friday as copper rose 1 percent in a technical bounce and gold slipped on a firmer U.S. dollar, despite concerns that deeply divided lawmakers in Washington were far from reaching a budget deal.
NEW YORK/ LONDON, Oct 4- Gold fell on Friday as the U.S. dollar recovered from two-month lows and investors braced for the political stalemate in Washington to drag on for another week, while platinum rose as water restrictions threatened to roil South African mines.
*Platinum climbs 1.5 pct as strike, water curbs hit miners. *Gold holds in narrow range, awaits news on budget deadlock. LONDON, Oct 4- Platinum rose on Friday on news that South African mines are facing water restrictions, while gold fell on a stronger dollar, though uncertainty over a budget deadlock that has led to a partial U.S. government shutdown kept it in a range.
*China returns from holiday on Tuesday Oct. 8. LONDON, Oct 4- Copper rose on Friday as U.S. markets opened, although investors were wary as they awaited the return from holiday of top consumer China and eyed the prospect of debt default as the U.S. government shutdown appeared likely to drag on for another week. "For us the market you have to look at is China.
*HeidelbergCement CEO sees volatility, uncertainty. HEIDELBERG, Germany, Oct 4- HeidelbergCement Chief Executive Bernd Scheifele is facing up to the new reality of a lower growth world, where the priorities are to keep a tight hold on cash for rainy days and not splurge on big acquisitions.
*China returns from holiday on Tuesday Oct. 8. LONDON, Oct 4- Copper was little moved on Friday as it awaited the return from holiday of top consumer China, although investors kept a close eye on the spectre of U.S. default due on October 17 after the metal dropped in the previous session. "For us the market you have to look at is China.
ULAN BATOR, Oct 4- Mongolia has passed a law aimed at reviving foreign investment by easing restrictions on investors in key sectors such as mining and by providing greater certainty on the taxes they must pay.
*China returns from holiday on Tuesday Oct. 8. SINGAPORE, Oct 4- London copper drifted on Friday, and was set for its biggest weekly loss in three weeks as worries about U.S. fiscal stability tarnished the outlook for demand, while top consumer China remained on holiday.
SINGAPORE, Oct 4- London copper drifted on Friday, but was set for its biggest weekly loss in five weeks as worries about U.S. fiscal stability tarnished the outlook for demand, while top consumer China remained on holiday. *Copper was on track to lose nearly 2 percent this week in what would be its biggest weekly decline since late August.
LIMA, Oct 3- Peru's government has restarted talks with Bear Creek Mining Corp over the Canadian company's stalled Santa Ana silver project and hopes work on the mine can resume, the mines minister said on Thursday.
*Kenya raised mining royalties to reap more from sector. MOMBASA, Kenya, Oct 3- Australian mining concern Base Resources expects to launch its long delayed $305 million Kenya titanium project shortly and export minerals before the end of the year.
LONDON, Oct 3- Copper fell on Thursday as longer-term uncertainty over surpluses made itself felt, but the metal's losses were limited by dollar weakness due to U.S. government turmoil. Copper has lost almost 9 percent this year against a growing surplus. "Copper's fundamentals are deteriorating," said Stephen Briggs, strategist for BNP Paribas.
*Conde says Guinea would earn $2.5 to $3 bln reselling contracts. CONAKRY, Oct 3- Guinea has begun a battle to revoke mining contracts that were fraudulently acquired under previous governments, President Alpha Conde said, adding the West African country stood to gain up to $3 billion by reawarding them.
*Calls $330/ T "guideline" price for rail supplies to China. MOSCOW, Oct 3- Russia's Uralkali, the world's largest potash producer, has increased market share since breaking up with its partner in Belarus and expects global potash prices to rebound in 2014, the company's head of sales said.
LONDON, Oct 3- Copper futures steadied on Thursday a day after hitting a one-week low, helped by dollar weakness due to U.S. government turmoil but longer-term uncertainty over demand capped the metal's gains. The Treasury has said the United States will exhaust its borrowing authority no later than Oct. 17.
MOSCOW, Oct 3- Russia's Uralkali, the world's largest potash miner by output, said on Thursday it had produced 2.7 million tonnes of the fertiliser ingredient in the third quarter, 4 percent more than in the same period of 2012..
SINGAPORE, Oct 3- London copper futures steadied near $7,300 a tonne on Thursday as falling stockpiles of the industrial metal helped calm oversupply worries, although a continuing shutdown of U.S. government operations kept investors on edge.
SINGAPORE, Oct 3- Gold held on to sharp gains from the previous session in early Asian trading on Thursday as weak U.S. economic data and a partial government shutdown raised hopes the Federal Reserve would stick to its bullion-friendly stimulus for longer.
Oct 2- Canadian fertilizer company Agrium Inc said Chief Operating Officer Chuck Magro would take over as Chief Executive from Mike Wilson, who retires on Dec. 31. Magro will join Agrium's board immediately, the company said. Wilson has been Agrium's CEO since 2003. During this time, Agrium's stock has quadrupled.
MEXICO CITY, Oct 2- Brazilian conglomerate Odebrecht has an $8.1 billion investment plan to expand in Mexico's petrochemical and infrastructure sectors, the chief executive of its Mexican business said on Wednesday. Mexican President Enrique Pena Nieto's office said on Wednesday that Odebrecht plans to spend $8.1 billion in Mexico over five years.