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Materials and Metals

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  • NEW YORK, June 3- American Securities LLC is in advanced talks to acquire specialty chemicals company Emerald Performance Materials LLC from private equity peer Sun Capital Partners Inc for more than $1 billion, people familiar with the matter said on Tuesday.

  • CANADA STOCKS-China data helps drive TSX higher Tuesday, 3 Jun 2014 | 4:53 PM ET

    *B2Gold drops after plan to acquire Australia's Papillon. TORONTO, June 3- Canada's benchmark stock index rose for a third straight session on Tuesday, driven by gains in the share prices of energy producers and financial companies, as positive economic data from China boosted sentiment.

  • LONDON, June 3- The London tin market is quiet. Yet it is also a market that remains in a state of structural supply shortfall with Indonesia, the world's largest exporter of the soldering metal, still keeping a vice-like grip on overseas shipments.

  • *Coming up: U.S. Factory orders for April at 1400 GMT. LONDON, June 3- Copper eased on Tuesday as investors worried about an expected settlement of a dispute in Indonesia that could restart concentrate exports and the impact of a probe at a top Chinese port that has halted shipments.

  • JAKARTA, June 3- Newmont Mining Corp said it has halted copper concentrate production at its Batu Hijau mine in Indonesia as a deadlock continues over controversial mining rules that have halted concentrate exports since mid-January. Newmont and fellow U.S. miner Freeport McMoRan Copper& Gold Inc account for 97 percent of Indonesia's copper output.

  • NEW YORK, June 2- Fairmount Minerals Ltd, one of North America's largest providers of industrial sand to the oil and gas industry, is exploring an initial public offering of around $1 billion that could come later this year, people familiar with the matter said on Monday.

  • CALGARY, Alberta, June 2- Rising U.S. imports of crude oil from Canada's oil sands have not increased greenhouse gas emissions from the country's oil refineries because they have been offset by refining of cleaner domestic crudes, a report from a private sector think tank said on Monday.

  • TORONTO, June 2- A major shareholder of Timmins Gold Corp, which owns the San Francisco gold mine in Mexico, said on Monday it planned to nominate six candidates for the company's eight-member board. Shares of Timmins jumped 5.8 percent to C $1.46 in morning trading on the Toronto Stock Exchange.

  • BURGHAUSEN, Germany/ GEISMAR, Louisiana, June 2- Nestled in the green hills of southern Germany, chemical giant Wacker Chemie churns out a wide range of products, from an ingredient for chewing gum to the polysilicon crystals in solar cells.

  • *Spill sparked violent protests causing more than $20 mln in damage. SYDNEY, June 2- New Caledonia authorities said on Monday they have authorised a conditional restart of Brazil- based Vale's nickel operations, which were suspended more than three weeks ago after acid-tainted effluent spilled into a river.

  • *Copper cash trades at premium to 3- month contract. LONDON, May 30- Copper prices dipped on Friday, but headed for their biggest monthly gain since December, underpinned by recovering demand from top consumer China, while nickel rebounded after four days of losses on persistent concerns about a supply shortage.

  • JAKARTA, May 30- Freeport-McMoRan Copper& Gold Inc's CEO will be in Indonesia next week for talks to resolve the U.S. miner's impasse with the government over exports from its giant Grasberg copper and gold mine that have halted since January.

  • *Copper cash trades at premium to three-month contract. LONDON, May 30- Copper prices on Friday headed for their biggest monthly gain since December, underpinned by recovering demand from top consumer China, while nickel rose on persistent concerns about a supply shortage.

  • *$6 bln plant closed three weeks ago after effluent spill. SYDNEY, May 30- New Caledonian authorities will allow mining giant Vale to restart nickel mining activities as early as Friday after suspending operations at the $6 billion plant more than three weeks ago due to an effluent spill.

  • *Platinum eyeing $1,500/ oz, though $1,600/ oz' a struggle'. LONDON, May 30- Platinum prices, undisturbed by a South African mine strike now in its fifth month, could soon begin to rise as the metal stocks built up by producers in anticipation of the strike finally run low.

  • May 29- Alcoa Inc, the biggest U.S. aluminum producer, said it started work on a $100 million plant in Indiana to meet rising demand from large commercial aircraft makers. The new plant will create 329 jobs by 2019 and increase the company's capacity to supply engine parts for narrow-body aircraft, Alcoa said.

  • LONDON, May 29- Major metal exchanges emerged as contenders in developing an alternative to the London silver price benchmark, or "fix", after the century-old system for setting the globally recognised price is disbanded in August.

  • NYANDENI, South Africa May 29- Mining accounts for a fraction of South Africa's gross domestic product but still hits well above its weight and is pushing the continent's most advanced economy towards recession.

  • SYDNEY, May 29- London copper fell 1 percent on Thursday from a three-month peak hit in the previous session as worries resurfaced about China's economy after Beijing urged local governments to speed up spending to support growth.

  • SYDNEY/ MELBOURNE, May 29- The Australian government cleared on Thursday a $1 billion bid by Chinese state-owned Baosteel Resources for iron ore miner Aquila Resources Ltd, removing the only regulatory hurdle to the deal.

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