Financiers are grumbling that the U.S. is acting like an imperial power in punishing foreign banks for dealings beyond U.S. territory.» Read More
LONDON/ HONG KONG, July 13- Financiers may grumble that the United States is acting like an imperial power in punishing foreign banks for dealings far beyond U.S. territory, but in the end they are more likely to bow to Washington than kick against its dollar muscle.
PERTH, July 6- Six potential bidders, including Dutch commodity trader Trafigura and Hong Kong- listed MMG Ltd, are looking at the books of BHP Billiton's Australian nickel unit, the Australian Financial Review reported on Sunday, without saying where it got the information.
*Copper market seen tilting into deficit from 2016. Copper has lost almost a third of its value from a peak in 2011 due to a slowdown in top metals consumer China, which buys about 40 percent of global output. Copper miners' shares represented by the Thomson Reuters GFMS pure-play copper companies index fell by almost 40 percent over the same period.
SANTIAGO, July 2- Chile's northern regions were hit by a power outage on Wednesday, the nation's emergency office said, though it was not immediately clear if production at some of the area's massive copper mines was impacted.
MOSCOW, July 2- Russian gas producer Gazprom has replaced Alexander Medvedev as head of its exporting arm, Gazprom Export, with one of his deputies, Elena Burmistrova, in a surprise move.
MOSCOW, July 2- Russian oil producer Gazprom has replaced Alexander Medvedev as head of its exporting arm, Gazprom Export, with one of his deputies, Elena Burmistrova, as part of steps to increase its share in new and established markets.
LONDON, July 1- Zinc's on a roll again. On the London Metal Exchange three-month zinc has this week hit a 16- month high of $2,222 per tonne, eclipsing a first-quarter rally which stalled just shy of the $2,150 mark.
KHABAROVSK/ MOSCOW, Russia, June 27- Rosneft signed on Friday its second major agreement with BP since sanctions were imposed on the Russian oil company's chief executive, a close ally of President Vladimir Putin, over Russia's involvement in the Ukraine crisis.
KHABAROVSK, Russia, June 27- Rosneft signed its second major agreement with BP on Friday since sanctions were imposed on the Russian oil company's chief executive, a close ally of President Vladimir Putin, over the Ukraine crisis. The signing followed an agreement in by BP and Rosneft in May to jointly explore for tight oil in Russia.
CARACAS, June 26- Colombia's biggest coal miner, Cerrejon, said late on Thursday it was transporting coal again from its mine to port after protesters ended a six-day blockade on its private railway line that took the company to the brink of defaulting on shipments.
CARACAS, June 26- Protesters blocking the railroad of Colombia's largest coal miner, Cerrejon, ended their protest late on Thursday after reaching an agreement with the company, the manager of the third-party contractor that employs them told Reuters. The company is a joint venture between Anglo American Plc, BHP Billiton and Glencore Xstrata Plc.
June 26- Patrice Merrin, a Canadian mining executive, has withdrawn from the slate of directors nominated by activist investor Casablanca Capital to the board of Cliffs Natural Resources Inc after she was appointed to the board of Glencore Plc, Casablanca said on Thursday.
*Glencore had been criticised for lack of female directors. *Patrice Merrin holds number of other industry posts. LONDON, June 26- Commodity trader and miner Glencore Plc, the last London- listed blue-chip company with an all-male board, has appointed Patrice Merrin as its first female board director.
LONDON, June 26- Glencore, the last British blue-chip company with an all male board, has appointed Patrice Merrin as its first female board director. In May, Glencore chairman and former BP boss Tony Hayward said that the company would appoint a female director by the end of the year.
*GDF-Suez sags as France sells stake at bottom of range. PARIS, June 25- European shares dropped on Wednesday, mirroring a pull-back on Wall Street and in Asia as mounting worries over violence in Iraq prompted investors to book profits after a strong run.
June 23- Augusta Resource Corp said it agreed to be bought by HudBay Minerals Inc after the company raised its offer to buy Augusta shares it does not already own. The offer price of about C $3.56 per Augusta common share represents a premium of about 11 percent to Augusta's Friday close on the Toronto Stock Exchange.
*China's CITIC Resources says unable to secure some metal. SYDNEY/ SHANGHAI June 23- Shaken by a fraud investigation into metal financing in the world's seventh-busiest port, banks and trading houses have been made painfully aware of the risks they face storing commodities in China's sprawling warehouse sector.
*Companies need to spend billions to expand in Chile. SANTIAGO/ LONDON, June 16- As top copper producer Chile starts to lose market share, players are betting on fledging suppliers to help feed hunger for the red metal, but no single country is likely to replicate the South American nation's boom of the last century.
SINGAPORE, June 16- Commodity trading giant Trafigura said its first-half net profit jumped 24 percent, driven by a rise in volumes in its oil and bulk businesses, and forecast solid margins and volume growth for the second half.
LONDON, June 5- Another quarter and another record premium level for Japanese aluminum buyers. The premium over the London Metal Exchange cash price for third-quarter shipments to Asia's largest importer seems to be settling around the $400 per tonne level, up from $365- 370 in the current quarter.