Business Materials and Metals

  • LONDON, Jan 20- Last year it was the strength of demand that caught the copper market by surprise. Everyone had braced themselves for an expected hard metallic landing in China, the driver of global copper usage. China itself, it seems, was not quite ready for the promised shift from the old model of fixed asset investment to what was touted as the "new normal" of slower,...

  • *Freeport wants legal guarantees over new rules. But new regulations announced last week mean that Freeport and some other miners could be allowed to keep exporting ore if they meet conditions including shifting from their current' contracts of work' to so-called' special mining permits', a move that could leave them liable to paying more in taxes.

  • *Freeport wants legal guarantees over new rules. But new regulations announced last week mean that Freeport and some other miners could be allowed to keep exporting ore if they meet conditions including shifting from their current' contracts of work' to so-called' special mining permits', a move that could leave them liable to paying more in taxes.

  • BEIJING, Jan 20- China's December coal output rose 1 percent from November to hit its highest level in a year, as miners ramped up output to meet government orders amid increased demand from utilities during the cold winter months, data showed on Friday. Notching up a third straight monthly increase, miners produced 311 million tonnes of coal, the National Bureau...

  • BEIJING, Jan 20- China's December coal output rose 1 percent from November to hit its highest level in a year, as miners cranked out more product to meet government orders amid increased demand from utilities during the cold winter months, data showed on Friday. Notching up a third straight monthly increase, miners produced 311 million tonnes of coal, the National...

  • SANTIAGO, Jan 19- Chilean copper miner Antofagasta said on Thursday it would sell its 40 percent stake in the Alto Maipo hydroelectric power project to partner AES Gener, exiting the project entirely. London- listed Antofagasta, controlled by Chile's wealthy Luksic family, signed up to Alto Maipo in 2013, seeking to secure power for its Los Pelambres mine.

  • LONDON, Jan 19- Two groups of Church of England advisers have cautiously endorsed fracking for shale gas in the United Kingdom provided it does not conflict with climate change policy and robust regulations are put in place. "The government's public commitment to reducing the UK's carbon emissions... provides a context which should ensure that shale gas is not...

  • ST. LOUIS, Jan 19- Peabody Energy Corp, the world's largest private-sector coal producer, is squaring off in court with shareholders who claim their stock should not be wiped out in the company's $8 billion Chapter 11 bankruptcy, given a rise in prices for the fuel. Shareholders led by hedge fund Mangrove Partners hope to prove at a hearing in St. Louis on Thursday...

  • MORGANTOWN, W.Va.— A federal appeals court affirmed the criminal conviction of former Massey Energy CEO Don Blankenship on Thursday in connection with the deadliest U.S. mine disaster in four decades. The 4th U.S. Circuit Court of Appeals dismissed the concerns of coal industry associations that Blankenship's conviction would set a new precedent putting...

  • DAVOS, Switzerland, Jan 19- Asset management giant BlackRock and chemical major Dow Chemical praised Saudi Arabia on Thursday as the kingdom said it was pressing ahead with reforms and investments beyond oil. It is as good as anywhere we invest, including the United States, "Dow Chemical Chief Executive Andrew Liveris told a panel devoted to Saudi Arabia at the...

  • Jan 19- The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Thursday:. **U.S. buyout firm Bain Capital has joined Key Safety Systems in the U.S. auto parts supplier's bid to rescue Takata Corp, a source said, as the Japanese firm struggles for survival after a massive recall linked to its faulty air bags. **Lotte Chemical Corp is looking...

  • Jan 19- The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Thursday:. **U.S. buyout firm Bain Capital has joined Key Safety Systems in the U.S. auto parts supplier's bid to rescue Takata Corp, a source said, as the Japanese firm struggles for survival after a massive recall linked to its faulty air bags. **Lotte Chemical Corp is looking...

  • RIYADH, Jan 19- Saudi Basic Industries Corp remains upbeat on a proposed petrochemical venture in the United States with Exxon Mobil and a preliminary investment decision could be made within months, SABIC's chief executive said on Thursday. SABIC chief executive Yousef al-Benyan told Reuters on Thursday that he would travel to the United States at the end of...

  • LONDON, Jan 19- British company Cornish Lithium said on Thursday it had reached a mineral rights agreement with Canada's Strongbow Exploration to explore for lithium in Cornwall, southwest England, stoking hopes for a British mining revival. Cornwall historically was a mining hub for metals such as tin and copper and the British government is keen to...

  • Jan 19- The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Thursday:. *U.S. buyout firm Bain Capital has joined Key Safety Systems in the U.S. auto parts supplier's bid to rescue Takata Corp, a source said, as the Japanese firm struggles for survival after a massive recall linked to its faulty air bags. **Lotte Chemical Corp is looking...

  • Jan 19- The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Thursday:. *U.S. buyout firm Bain Capital has joined Key Safety Systems in the U.S. auto parts supplier's bid to rescue Takata Corp, a source said, as the Japanese firm struggles for survival after a massive recall linked to its faulty air bags. **Lotte Chemical Corp is looking...

  • *Data shows China exceeded targets for reducing 2016 output. BEIJING/ SHANGHAI, Jan 19- The new year has ushered in a new round of capacity cuts as China tries to combat excess in its bloated steel and coal sectors, but the moves are a drop in the ocean in the nation's long struggle to make its heavy industry more efficient. For years, Beijing has been seeking to cut the...

  • *South Africa has world's deepest mines. RANDFONTEIN, South Africa, Jan 19- The number of miners killed in South Africa's mines fell in 2016 to a new record low of 73 from 77 in 2015 thanks to a government drive to improve practices, Mineral Resources Minister Mosebenzi Zwane said on Thursday. Unions in South Africa, the world's top platinum producer, say the death...

  • RANDFONTEIN, South Africa, Jan 19- The number of miners killed in South Africa's mines fell in 2016 to a new record low of 73 from 77 in 2015 following a crackdown by the government, mines minister Mosebenzi Zwane said on Thursday. "If you can't mine safely, don't mine at all," Zwane said at a news briefing at the corporate offices of bullion producer Harmony Gold west of...

  • RANDFONTEIN, South Africa, Jan 19- The number of miners killed in South Africa's mines fell in 2016 to a new record low of 73 from 77 in 2015, mines minister Mosebenzi Joseph Zwane said on Thursday.

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