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Glencore International PLC

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  • *China markets reopen on Feb. 25. LONDON, Feb 20- Copper prices fell on Friday, pressured by a drop in the euro against the dollar, with trading volumes constricted by the absence of consumers in China where the market is closed for the Lunar New Year holiday. Markets in China, which consumes roughly 40 percent of global refined copper, will reopen on Feb. 25.

  • *China markets closed until Tuesday. *Asia aluminium premiums set to sag on China exports. LONDON, Feb 20- Copper slipped on Friday, pressured by a drop in the euro against the dollar, with trading volumes constricted by the absence of consumers in China where the market is closed for the Lunar New Year holiday.

  • METALS-Copper eyes flat week with China buyers out Thursday, 19 Feb 2015 | 8:56 PM ET

    MELBOURNE, Feb 20- London copper edged down on Friday, after a solid U.S. labor report boosted the dollar, with prices set to close the week little changed amid the Lunar New Year holiday in top consumer China. A rebound from 5-1/ 2 year lows touched in mid January has run out of steam with top user China away from the market. *China's stock, bond, foreign exchange and...

  • BOGOTA, Feb 17- U.S.-based Drummond said it expects coal production in Colombia this year to reach about 30 million tonnes as it increases mining even as prices remain low, its Colombia president Jose Miguel Linares said on Tuesday. Colombia's second biggest coal miner produced about 26.8 million tonnes last year, up 17.5 percent from 2013. The company is...

  • LONDON, Feb 16- What to make of last week's mass cancellations of zinc at London Metal Exchange warehouses in New Orleans? A similar round of heavy cancellations in late December created a "flash" load-out queue for zinc at New Orleans. The fact that Pacorini, the warehousing arm of physical trading giant Glencore, dominates LME warehousing in New Orleans, only...

  • SANTIAGO, Feb 13- Chile's massive Collahuasi copper mine reactivated its main grinding mill on Friday after halting it earlier this week for minor maintenance work, the company told Reuters. Collahuasi, one of the world's largest copper mines, is a partnership between Glencore Plc and Anglo American Plc. Collahuasi produced 470,400 tonnes of copper last year,...

  • *Dividend unchanged at 85 cents per share. LONDON, Feb 13- Global miner Anglo American took a $3.9 billion writedown after commodity prices tumbled and it warned on Friday of more headwinds, but a steady dividend reassured investors. The company, however, left unchanged its dividend at 85 cents a share after cutting $500 million in overhead costs.

  • ACS renewables unit prices IPO at bottom of range Friday, 13 Feb 2015 | 3:22 AM ET

    MADRID, Feb 13- Saeta Yield, the renewable energy unit of Spanish builder ACS, on Friday priced its initial public offering at the bottom of its expected range to value the company at 852 million euros. The Saeta listing comes on the heels of the highly subscribed flotation of Spanish airport operator Aena earlier this week in Europe's biggest IPO since Glencore...

  • LONDON, Feb 13- Global miner Anglo American took a $3.9 billion writedown on Friday after commodity prices tumbled, mainly on its Brazilian iron ore operations, and warned of more headwinds. Anglo warned last month of a likely charge on last year's results and analysts had penciled in about $2- 3 billion. The bulk of the impairment, $3.5 billion, was on its Minas Rio...

  • MELBOURNE, Feb 12- Global miner Rio Tinto handed shareholders a $2 billion capital return on top of a higher than expected dividend on Thursday, despite reporting its worst half-year profit in two years. Rio Tinto Chief Executive Sam Walsh, under pressure to please investors to ward off a renewed takeover approach from rival Glencore Plc, said he was confident...

  • Rio Tinto plans $2 bln buyback as H2 profit dives Thursday, 12 Feb 2015 | 1:10 AM ET

    MELBOURNE, Feb 12- Global miner Rio Tinto said it would return $2 billion to shareholders through a buyback despite reporting a 30 percent slide in second-half profit on Thursday, its worst half year profit in two years. The world no.2 miner has been under pressure to please investors to ward off a fresh takeover approach from rival Glencore Plc, despite a slump in...

  • Europe's biggest IPO since 2011' s Glencore offer. The success of the 3.88 billion euro sale, Europe's largest initial public offering since Glencore raised 7.1 billion euros in 2011, shows faith in Spain's economic pick-up. That compares with valuations of 10.5 billion euros and 5 billion euros respectively for France's ADP and Germany's Fraport, Aena's...

  • *To spin-off 23.9 pct Lonmin stake to Glencore shareholders. *Lonmin shares down 6 pct, Glencore shares little changed. CAPE TOWN, Feb 11- Miner and commodities trader Glencore will spin-off its stake in troubled platinum producer Lonmin and cut capital spending to help it cope with a plunge in commodity prices, it said on Wednesday.

  • LONDON, Feb 11- Miner and commodities trader Glencore plans to divest its stake in platinum producer Lonmin and to cut capital expenditure this year in response to market volatility, it said on Wednesday as it reported increased copper and coal output. Like its peers, Glencore has been hit by a rout in prices of commodities such as copper, coal and oil.

  • LONDON, Feb 11- Miner and commodities trader Glencore plans to divest its stake in platinum producer Lonmin and to cut capital expenditure this year in response to market volatility, it said on Wednesday as it reported increased copper and coal output. Like its peers, Glencore has been hit by a rout is prices of commodities such as copper, coal and oil.

  • *Rio seen returning $1.5- $3 billion in capital. *Glencore leverage, Anglo American platinum sale in focus. MELBOURNE/ LONDON, Feb 10- Rio Tinto is expected to star among the top five global miners with a return of billions of dollars to shareholders at its annual results, even as the firm is set to report its worst half-year profit since 2009..

  • Europe ends lower as Greece, Russia weigh Monday, 9 Feb 2015 | 11:30 AM ET

    European equities closed lower Monday as concerns over Greece's bailout program continue.

  • *London the venue for annual oil industry gatherings. LONDON, Feb 8- The oil price crash has meant slashed budgets, staff layoffs and mothballed projects for big producers, but oil traders will celebrate their best market for years this week. As hundreds of dealers flock to London for the annual International Petroleum Week, cocktail circuit talk will be of the...

  • CHICAGO, Feb 3- Plans by commodities trading rivals Archer Daniels Midland Co and Glencore PLC to jointly develop an export terminal in northern Brazil promise to shift grain flows both within South America's largest producer and to Asian importers. ADM will give Glencore 50 percent in its Barcarena export terminal in Brazil's Para state, it said on Tuesday,...

  • *Rosneft faces $7 billion debt repayment to banks on Feb. 13. LONDON, Feb 3- Rosneft is raising money from Swiss trader Trafigura days before it must repay a $7 billion debt and squeezed by sanctions, industry sources said, seeking new options after a foray into the bond market fuelled a devaluation of the rouble. Now the Feb. 13 deadline for the repayment of another $7...