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Glencore International PLC

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  • PARIS, May 21- Rich countries should help developing countries like India limit their carbon emissions by supporting the building of more expensive but cleaner energy plants, Glencore chairman Tony Hayward said on Thursday. Hayward said that India, where hundreds of millions of people have no access to electricity, is about to build 200 gigawatts of...

  • NEW YORK, May 19- Cable and wire manufacturer Southwire has taken steps to ensure supplies to its Kentucky rod plant continue, a spokesman said on Tuesday, as a lockout at supplier Century Aluminum Co's nearby smelter enters its second week. Century, controlled by Glencore Plc, does not expect production to be affected at the smelter during the dispute, Century...

  • --Clyde Russell is a Reuters columnist. The $70 billion buyout of BG Plc by larger rival Royal Dutch Shell is generally viewed by investors and analysts as the first big deal in a likely series of major mergers and acquisitions in the resource sector. Ryan Lance, the chief executive of ConocoPhillips, was adamant that he didn't expect a "big M&A wave any time soon."

  • LIMA, May 18- Some mining unions in Peru took part in a national strike on Monday but plans for a wider stoppage were upended at several large mines because workers feared losing their jobs and companies resorted to replacement labor. Iron output from the Peru unit of Shougang Group Co Ltd had been halted as workers downed tools, said union leader Julio Ortiz.

  • *Mining's biggest listing since Glencore in 2011. SYDNEY, May 18- BHP Billiton's spin-off South32 began trading with a market value of about $9 billion on Monday, a third below the highest forecasts and underlining investor nerves about the outlook for the battered mining sector. The cautious response to mining's biggest listing since Glencore Plc in 2011...

  • *Mining's biggest listing since Glencore in 2011. Sydney, May 18- BHP Billiton's spin-off South32 started trading with a market value of nearly $9 billion on Monday, a third below the top end of forecasts and underlining investor nerves about the outlook for the battered mining sector. The cautious response to mining's biggest listing since Glencore Plc in 2011...

  • *Shares in A $11 bln spin-off first trade at A $2.13. *At lower end of the A $2.00- A $3.00 range forecast by analysts. Shares in the A $11 billion spin-off first traded at A $2.13 at 0215 GMT, at the lower end of the A $2.00 to A $3.00 range forecast by analysts for Australia's biggest new listing in 15 years and the largest mining listing since Glencore Plc in 2011..

  • BHP spin-off South32 to test appetite for miners Sunday, 17 May 2015 | 12:00 AM ET

    The top end would value the company at A $16 billion, making it Australia's biggest new listing in 15 years and the biggest mining listing since commodities giant Glencore Plc in 2011.. BHP's shares are up 10 percent over the past month, Rio Tinto and Glencore Plc have risen about 5 percent and Anglo American is up 13 percent, which could help support the new...

  • LIMA, May 15- Workers at several major mines in Peru, including two of the country's top copper producers, plan to go on an indefinite strike on Monday in a country-wide bid to press the government to strengthen labor laws, union bosses said. The planned work stoppages at more than 20 mines threaten to curb mineral production in Peru, the world's third-biggest...

  • Weaker commodity stocks push FTSE lower at the close Friday, 15 May 2015 | 11:55 AM ET

    *Blue-chip FTSE 100 index ends 0.2 pct lower. LONDON, May 15- Britain's top share index slipped on Friday, with energy and mining sectors falling the most on U.S. economic growth concerns and after prices of key commodities dropped. Shares in Anglo American, Glencore and Fresnillo were down 1.2 to 1.8 percent.

  • WINNIPEG, Manitoba, May 14- Richardson International, one of Canada's largest grain handlers, is seeking expansion in the United States through acquisitions worth C $100 million to as much as C $2 billion, its chief executive said on Thursday. Richardson, which now owns two U.S. mills, is interested in Andersons Inc and private companies Bartlett and Scoular, as...

  • LONDON, May 13- The London Metal Exchange has announced another change in its warehousing rules to force a faster reduction in the load-out queues that have caused so much controversy in the aluminum market. Its new regime of linking load-in to load-out rates, LILO for short, is now in force, albeit after a near one-year delay caused by a failed legal challenge from...

  • Election relief fades for UK stocks Monday, 11 May 2015 | 11:06 AM ET

    LONDON, May 11- Britain's top share index remained broadly flat on Monday as a relief rally on the back of last week's unexpectedly strong Conservative election victory petered out. The blue-chip FTSE 100 index hovered at 7,048.32 points at 1451 GMT, underperforming the pan-European FTSEurofirst 300, after surging 2.3 percent on Friday.

  • LONDON, May 11- Investors are stampeding back into the London zinc market. On the London Metal Exchange, three-month metal has soared from under $2,000 per tonne in mid-March to last week's highs above $2,400 per tonne. Spreads have tightened as shorts scramble to cover positions in the face of a dominant long position controlling somewhere between 40 and 50...

  • LONDON, May 11- Platinum producer Lonmin is taking steps to cope with what it says could be at least two more years of depressed platinum prices after reporting another loss in the first half of its financial year. To try to turn around its fortunes, the world's third largest platinum miner last week announced last week a plan to cut 3,500 jobs to reduce costs...

  • LONDON, May 7- For the nickel market, it's a case of once bitten, twice shy. Analysts are finding ever more evidence that the Indonesian ban on nickel ore exports introduced at the start of 2014 is finally starting to impact China's massive nickel pig iron sector. China's imports of nickel are trending higher, particularly those of ferronickel, the most obvious...

  • By Silvia Antonioli and Morag MacKinnon. LONDON/ PERTH, May 6- BHP shareholders overwhelmingly approved the spin-off of new mining and metals group South32, clearing the way for a listing this month that will test investor sentiment towards the battered mining sector. More than 98 percent of votes cast at meetings in Perth and London on Wednesday were in favour...

  • NEW YORK, May 6- Keurig Green Mountain will begin purchasing green coffee out of its new Switzerland office in June, a spokeswoman told Reuters on Wednesday, a move that has prompted a reshuffling of the coffee buying team of the largest U.S. roaster by sales. Late last year, Reuters reported that the Waterbury, Vermont- based coffee roaster and brewing technology...

  • UPDATE 1-BHP spin-off South32 sees M&A opportunities Wednesday, 6 May 2015 | 8:13 AM ET

    BHP shareholders in Australia and Britain voting by proxy overwhelmingly approved the spin-off, which includes some of the global miner's smaller assets, at meetings in Perth and London on Wednesday, paving the way for a listing on May 18. Named after the 32nd parallel south line of latitude that links its business centres in Perth and Johannesburg, South32...

  • BHP spin-off South32 sees M&A opportunities Wednesday, 6 May 2015 | 4:30 AM ET

    BHP shareholders are expected to approve the spin-off, which includes some of the global miner's smaller assets, at meetings in Perth and London on Wednesday, paving the way toward a listing on May 18. Named after the 32nd parallel south line of latitude that links its business centres in Perth and Johannesburg, South32 will produce alumina, aluminium, coal,...