SYDNEY, Oct 24- London copper edged down on Friday, but was on track for its biggest weekly rise in two months as China demand recovers in the fourth quarter, although expectations of swelling supply kept gains in check. *Three-month copper on the London Metal Exchange had slipped 0.3 percent to $6,676 a tonne by 0045 GMT, paring gains of 1 percent from the previous...» Read More
*Lonmin gears for May 14 return to work deadline. JOHANNESBURG, May 13- South African police deployed additional officers to the platinum belt on Tuesday to protect miners returning to work this week, a police spokesman said, as producers pushed ahead with plans to end the country's longest and most costly strike.
SHANGHAI, May 13- China's crude oil runs, oil demand and total base metals production unexpectedly fell in April from the preceding month, with slackening power generation also fanning concerns that the world's second-largest economy is not yet on a stable footing.
*Indonesia ban on ore exports has sparked wave of supply fears. TOKYO, May 13- Pacific Metals Co Ltd, Japan's biggest ferronickel maker, said it had secured enough supplies of nickel ore for this financial year, amid surging nickel prices as supply concerns grip the market.
--Clyde Russell is a Reuters columnist. Global iron ore miners are boosting seaborne supplies of the steelmaking ingredient by about 20 percent over the next two years and believe China will buy most of the extra cargoes. As CISA points out, however, China will still have significant surplus capacity even as outdated and polluting plants are shut down or idled.
*Guangdong already owns 23 percent of PanAust. *PanAust not recommending bid but allows due diligence. SYDNEY/ MELBOURNE, May 13- China's Guangdong Rising Assets Management has proposed a A $1.1 billion takeover offer for copper and gold miner PanAust Ltd, the second bid for an Australian resources firm by a Chinese state-owned company in two weeks.
MEXICO CITY, May 12- Mexican businessman Lorenzo Zambrano, who turned cement maker Cemex into one of the country's first modern multinationals, but also almost brought it crashing down, died on Monday aged 70..
*Lonmin prepares for return to work on May 14. *Union NUM says two workers killed at Lonmin mine. LONDON, May 12- Platinum miner Lonmin said on Monday restructuring and job cuts were inevitable as it posted a steep fall in six-month earnings, suffering from South Africa's longest and most costly labour stoppage.
*Strike would cripple half of Australia's iron ore exports. *Iron ore is Australia's top export earner. MELBOURNE, May 12- Tugboat workers at Australia's main iron ore port threaten to hold a strike that could halt a quarter of the world's iron ore exports and cost miners $100 million a day, just as the industry battles to slash costs and get more out of its workers.
MOSCOW, May 12- Russian steelmaker Severstal has received bids from potential buyers for its North American operations, a Russian source familiar with the matter said on Monday. Severstal's operations in the United States consist of steel plants in Dearborn, Michigan and Columbus, Mississippi.
*Strike would hit more than half of Australia's iron ore exports. MELBOURNE, May 12- Tugboat workers at Australia's biggest iron ore port have approved a plan to go on strike, which would halt a quarter of the world's iron ore exports, if they are unable to resolve a dispute over leave and pay, their union said on Monday.
Nickel prices have soared by nearly 50 percent since January due to a ban on ore shipments from top exporter Indonesia that has triggered hoarding, while speculation sanctions against Russia may hit top nickel producer Norilsk Nickel have poured fuel on the bullish sentiment.
JOHANNESBURG, May 10- World no. 3 platinum producer Lonmin said it anticipated a "mass return to work" on Wednesday at its strike-hit South African operations, according to an internal company memo to employees. "Lonmin is gearing up for a serious back to work offensive on Monday 12 May in anticipation of a mass return to work on 14 May," the memo said.
JOHANNESBURG, May 10- World no. 3 platinum producer Lonmin said it anticipated a "mass return to work" on Wednesday at its strike-hit South African operations, according to an internal company memo to employees. "Managers and supervisors are returning from leave and ramp plans are in place for a safe return," said the memo, dated Friday and seen by Reuters.
May 9- U.S. chemical maker DuPont and its agricultural seed unit, Pioneer, acted in bad faith in a long-running legal battle with rival Monsanto Co, according to a federal appeals court ruling on Friday that affirmed sanctions against DuPont.
It was the 20th of the last 22 quarters that the agency has posted a loss, the USPS said. "We're quite obviously in a deep financial hole," Joseph Corbett, USPS chief financial officer and executive vice president, told reporters in a briefing.
WASHINGTON, May 9- The United States Postal Service ended its second quarter with a net loss of $1.9 billion, as first-class mail volumes continued to tumble and the government was unable to provide relief, the agency said on Friday.
WASHINGTON, May 9- The U.S. Environmental Protection Agency said it wants to gather public comment on whether it should require chemical manufacturers to disclose the content of fluids used for oil and gas production, a possible step toward greater federal oversight of hydraulic fracturing, or fracking.
WASHINGTON, May 9- The U.S. Environmental Protection Agency on Friday issued a proposal to gather public comment on whether it should require chemical manufacturers to disclose the content of fluids used for oil and gas production, a move seen as a step toward greater federal oversight of hydraulic fracturing, or fracking.
*New Japanese processing plants coming up in China, Indonesia. Executives at steelmakers such as Nippon Steel& Sumitomo Metal Corp and JFE Holdings are faced with little choice but to accelerate their push abroad as the effects of the stimulus led by Prime Minister Shinzo Abe wane and spending on autos falls after a sales tax hike from April.
*Vale says suspends nickel operations in New Caledonia. *China domestic copper market remains tight.
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