The plaintiffs had accused Goldman Sachs, JPMorgan Chase and others of having conspired since May 2009 to drive up aluminum prices by hoarding supply.» Read More
Stung by slower growth in China, global miners have reined in expansion plans and brought in new management to sell assets and drive their mines harder, raising hopes that BHP Billiton alone could hand back up to $8 billion to investors.
*BNP Paribas tasked to find buyers for field- sources. LONDON/ LAGOS, Sept 16- France's Total SA, Europe's second largest oil company, has put one of its offshore Nigerian oil fields up for sale again, the company said, after a 2012 deal with Sinopec Corp failed.
SHANGHAI, Sept 16- China will ban the import and local sale of coal with high ash and sulphur content starting from 2015 in a bid to tackle air pollution, with tough requirements in major coastal cities set to hit Australian miners.
SHANGHAI, Sept 15- China will ban the import and local sale of coal with high ash and sulfur content starting from 2015 in a bid to tackle air pollution, with tough requirements in major coastal cities set to hit Australian miners.
LONDON, Sept 15- It is ironic that the London Metal Exchange, which has taken so much flak over long waiting times to get metal out of some of its warehouses, is itself now forced to wait before it can start fixing the problems.
MANILA, Sept 9- A Philippine proposal to ban exports of unprocessed metal ores could take seven years to implement, its main backer said in comments that eased concerns about a supply squeeze on China and sent nickel prices skidding.
LONDON/ MOSCOW, Sept 9- The Kremlin's prized oil firm Rosneft is cutting staff and production and selling stakes in Siberian fields in the strongest evidence to date that Western sanctions are hurting what was the world's fastest growing oil firm in recent years.
SYDNEY, Sept 9- CBH Group, Australia's largest wheat exporter, has scrapped plans for a new system to allocate port access at its grain terminals following complaints from some users that the scheme was unfair to new entrants to the market.
NEW YORK, Sept 4- U.S. lawyers spearheading an antitrust lawsuit accusing Wall Street banks and commodity merchants of manipulating aluminum prices will continue to fight the case even though it was dismissed last week by a U.S. judge.
LONDON, Sept 4- The dismissal by U.S. District Judge Katherine Forrest of a barrage of lawsuits alleging foul play in the aluminium market does not mark the end of this particular story. Another, Eastman Kodak, which has brought a complaint against Goldman Sachs, filed too recently to be included in the Aug. 29 ruling.
Sept 3- Oil logistics specialist Buckeye Partners LP said it will pay $860 million for control of Trafigura's prized oil facilities in the Texas shale hub, while expectations rise that Washington will relax its ban on crude oil exports.
SYDNEY, Sept 3- London copper drifted on Wednesday in low volume trade, with expectations of fresh supply weighing on prices and dampening investor interest.
Dollar General sweetens Family Dollar bid, may go hostile. Dollar General Corp raises its bid for Family Dollar Stores Inc to $9.1 billion, and warns it may turn hostile and appeal directly to shareholders if the new offer is rejected.
LONDON, Sept 1- Copper prices slipped on Monday, pressured by weak factory data from China that raised concerns about the outlook for demand from the world's top metals consumer. Volumes were expected to remain subdued as markets in the United States were shut for the Labor Day holiday.
SYDNEY, Sept 1- London copper edged down on Monday, after ending August with its biggest monthly drop since March, as weak factory data from China stoked concerns of stuttering growth in the world's top metals consumer.
NEW YORK, Aug 29- A U.S. judge on Friday dismissed antitrust litigation accusing Wall Street banks and commodity merchants including Goldman Sachs Group Inc and Glencore Plc of conspiring to drive up aluminum prices by reducing supply.
SYDNEY, Aug 28- Glencore will hold talks with the government of the Australian state of Queensland over developing vast bauxite reserves that have remained untapped for decades despite a series of attempts by mining companies to get a project off the ground.
NEW YORK, Aug 26- A judge has dismissed London Metal Exchange Ltd as a defendant from U.S. antitrust litigation accusing banks and commodity companies of conspiring to drive up aluminum prices by restricting supply, hurting manufacturers and purchasers.
Bachelet, who took power in March, is pushing a wide range of reforms through Congress aimed at addressing inequality in Chile. Most crucial copper workers in Chile belong to local plant unions, who are not taking part in the strike, although Ahumada said it would be difficult for the mines to run normally without the contract workers.
NEW YORK, Aug 26- A U.S. judge has dismissed London Metal Exchange Ltd as a defendant from nationwide antitrust litigation over the alleged fixing of aluminum prices. District Judge Katherine Forrest in Manhattan said the LME was an "organ" of the UK government and immune from the lawsuit under the Foreign Sovereign Immunities Act.