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Glencore International PLC

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  • May 5- Archer Daniels Midland Co, one of the world's largest grain traders, announced on Tuesday a deal to acquire full ownership of two Romanian export terminals on the Black Sea, bolstering its ability to export grain from Eastern Europe. ADM said it has agreed to acquire North Star Shipping and Minmetal, a 50-50 joint venture with North Star, which have grain...

  • *Euro zone economy stronger than expected- EU Commission. LONDON, May 5- Zinc hit its highest price in eight months on Tuesday and copper its loftiest since mid-December thanks to a combination of concern about supply shortfalls and optimism over the global economy. Base metals seem to be following the herd, "said Richard Fu, director of Asian commodities trading...

  • All the metals on the London Metal Exchange saw a wave of buying, which pushed nickel to a six-week high, as the London market reopened after a UK public holiday on Monday. Base metals seem to be following the herd, "said Richard Fu, director of Asian Commodities Trading for Societe Generale Newedge in London. "The fundamentals in zinc are good," said Nic Brown, head of...

  • Glencore first-quarter copper output falls 9% Tuesday, 5 May 2015 | 3:40 AM ET

    Miner and commodity trader Glencore on Tuesday reported a 9 percent fall in first-quarter copper production mostly due to lower copper grades.

  • LONDON, May 1- The London Metal Exchange has fined one of its warehousing operators, CWT Commodities, 100,000 pounds for breaching information barriers with associated trading companies. The only directly comparable disciplinary action to that against CWT was the 50,000- pound fine imposed on Henry Bath in 1999 for trading metal on its own account.

  • MELBOURNE, April 27- BHP Billiton is contesting A $522 million in Australian tax bills on its Singapore marketing operations up to 2010, after having paid almost no tax in Singapore since 2006, the global miner told an Australian Senate panel. The company revealed that between 2006 and 2014 its Singapore marketing business earned profits of $5.7 billion, on...

  • CARTAGENA, Colombia, April 24- Engineering work ordered by Colombia's constitutional court that would allow the country's main coal railway to operate at night was blocked by protesters shortly after the work got under way this week, a Mines and Energy Ministry official said on Friday. The Fenoco railway, owned and operated by a consortium of coal miners...

  • *Vedanta's Zambia copper unit will still lose money- CEO. LUSAKA, April 23- Barrick Gold Corp, the world's biggest gold producer, said on Thursday it will not suspend operations at its Lumwana open-pit copper mine in Zambia now that the country's government has reduced mining royalties. "We appreciate the leadership and engagement of President Lungu and the...

  • *Vedanta's Zambia copper unit to remain loss-making- CEO. LUSAKA, April 23- Barrick Gold Corp. has backtracked on its decision to suspend operations at its Lumwana open pit copper mine in Zambia after the cabinet reduced mining royalties, a senior government official said on Thursday. Zambia's cabinet set the royalty tax rate for open cast and underground...

  • British stocks flat after retail sales drop Thursday, 23 Apr 2015 | 8:06 AM ET

    *FTSE 100 barely changed after retail sales figures. *WPP falls after disappointing Q1 sales. Utilities stocks including United Utilities and SSE were up more than 1 percent after a broker update from Citi said election volatility would affect the sector going forward, adding that National Grid was the most immune in its view.

  • TORONTO, April 21- Canadian activist firm West Face Capital Inc on Tuesday launched a proxy battle against Gran Tierra Energy and outlined plans to put up a slate of six nominees for the energy firm's board, saying that its current four-member board has failed investors. West Face, whose managed funds control roughly 9.8 percent of Gran Tierra's shares, said the...

  • European shares ends higher after China stimulus Monday, 20 Apr 2015 | 11:31 AM ET
    A trader sitting in front of a chart displaying German share index DAX.

    European markets ended higher Monday after China's central bank over the weekend cut the amount of money that banks must hold as reserves.

  • SANTIAGO, April 20- When Antofagasta Chief Executive Diego Hernandez took the stage at the world's biggest copper conference last week, he talked about the growing risks mining companies face from rising worker salaries in South America due to staff shortages and strong unions. Last year, Antofagasta agreed to four-year contracts, including pay increases...

  • FACTBOX-Potential labor flashpoints for copper in 2015 Monday, 20 Apr 2015 | 12:00 AM ET

    April 20- Contracts at major copper mines, including Antamina in Peru and Grasberg in Indonesia, expire this year in the biggest round of contract negotiations since 2011.. The mine is controlled by BHP Billiton and Glencore Plc which have 33.75 percent stakes. Teck Resources has a 22.5 percent interest, and Mitsubishi Corp has 10 percent.

  • *Alcatel shares fall back as Nokia unveils bid details. PARIS, April 15- European stocks rallied on Wednesday, with one regional benchmark hitting a level not seen since late 2000, after the European Central Bank said it remained committed to its full asset-buying programme to revive the euro zone economy. "Our focus will be on the full implementation of our...

  • Australia's Fortescue under pressure as iron ore crashes Wednesday, 15 Apr 2015 | 3:28 AM ET

    *$9 bln debt load puts Fortescue under stress. *Glencore would eye Fortescue if cheap enough- sources. *Fortescue updates on Q1 output, costs on Thursday.

  • Codelco, the Chilean state miner that produces about 8 percent of the world's copper, will review the cost reduction plan at its Salvador mine as it prepares to restart operations there after torrential rains shuttered the complex in March, said a source close to the state-run miner. Salvador produced copper at a cost of some $11,439 per tonne in the fourth...

  • Britain's FTSE nears record high as Shire shines Friday, 10 Apr 2015 | 9:11 AM ET

    *FTSE 100 up 0.5 pct, near record highs. The FTSE 100 rose 0.5 percent to 7,051.07 points, close to a record 7,065.08 points reached in March. Shire shares rose 5.2 percent, the biggest gain on the FTSE 100, from a U.S. Food and Drug Administration decision to grant a priority review to its application for lifitegrast, a dry-eye disease treatment.

  • *FTSE 100 up 0.4 pct, in line with European region. LONDON, April 10- Top UK shares rose on Friday, nearing all-time highs as real-estate stocks extended gains from a rebound in property prices and drugmaker Shire got a lift from a priority drug review in the United States. The FTSE 100 rose 0.3 percent to 7,037.57 points, close to an all-time high of 7,065.08 points hit...

  • *Glencore free to refresh bid for Rio Tinto under UK rules. MELBOURNE, April 8- Australia's treasurer has told business representatives he would not allow Glencore Plc to merge with Rio Tinto due to concerns about losing tax revenue, a person familiar with his comments said on Wednesday. Treasurer Joe Hockey said based on the tax implications he had seen from the...