Business Materials and Metals

  • 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.

  • SEOUL, Jan 19- Lotte Chemical Corp is looking into acquiring troubled Singapore petrochemical company Jurong Aromatics Corp, as the South Korean company continues to push for growth. It was also forced to halt production for around 18 months until last summer to fix a technical issue at an integrated refining-petrochemical complex in Singapore that had cost...

  • *These include $47.5 bln civil claim by Brazil prosecutors. SYDNEY/ MELBOURNE, Jan 19- Miner BHP Billiton Ltd, its partner Vale SA and their jointly owned Samarco unit have agreed with Brazilian prosecutors on a June 30 deadline to settle billions of dollars in compensation claims stemming from an iron ore mine disaster in 2015.. The aim is to consolidate and...

  • LONDON, Jan 19- British mining company Cornish lithium said on Thursday it had entered a definitive 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 and the British government is keen to support a revival of...

  • *These include $47.5 bln civil claim by Brazil prosecutors. SYDNEY/ MELBOURNE, Jan 19- Miner BHP Billiton Ltd, its partner Vale SA and their jointly owned Samarco unit said on Thursday they have set a June 30 deadline to settle billions of dollars in compensation claims stemming from an iron ore mine disaster in Brazil in 2015.. The aim is to consolidate and settle...

  • SYDNEY, Jan 19- BHP Ltd, its partner Vale SA and Samarco have reached an agreement with Brazil authorities to settle a $47.5 billion civil claim over the Samarco iron ore mine disaster, the companies said on Thursday. Operations at the Samarco mine were suspended in 2015 after the collapse of a dam holding mining waste, or tailings. The rupture killed 19 people and...

  • SEOUL, Jan 19- South Korea's Lotte Chemical Corp said on Thursday it had submitted a letter of intent earlier this month to acquire Singapore petrochemical company Jurong Aromatics Corp. Lotte Chemical said in a filing to the stock exchange in South Korea that it had been short-listed on Jan. 10 to acquire the Singapore firm, adding that details had not been...

  • SEOUL, Jan 19- South Korea's Lotte Chemical Corp said on Thursday it had submitted a letter of intent earlier this month to acquire Singapore petrochemical company Jurong Aromatics Corp.

  • SYDNEY, Jan 19- A firmer U.S. dollar drove London copper lower on Thursday after the currency stabilised overnight on positive U.S. economic signals. *The most-traded copper contract on the Shanghai Futures Exchange rose 0.1 percent to 46,610 yuan a tonne. *The London tin market remains a tight and crowded space.

  • Chinese workers load steel tubes onto a truck at a logistics center in Lianyungang in east China's Jiangsu province on November 8, 2016.

    The U.S. Commerce Department said it had made a final finding of dumping of carbon and alloy steel cut-to-length (CTL) plate from China.

  • Kinder Morgan said natural gas transport volumes fell 2 percent in the quarter, however it expects future natural gas infrastructure to grow due to higher demand from gas-fired power generators, exports to Mexico and growth in the U.S. petrochemical industry. The company reported a net profit attributable to shareholders of $170 million, or 8 cents per share,...

  • TORONTO, Jan 18- Canada's main stock index fell on Wednesday as energy stocks weighed with a fall in oil prices and as uranium producer Cameco Corp plunged on a negative outlook. "The drop today certainly looks like an over-exaggeration to their announcement," said Michael Sprung, president at Sprung Investment Management Inc.. An interest rate cut remains on the...

  • *Philippines cancels permits for four mining projects. LONDON, Jan 18- Copper steadied on Wednesday after its biggest fall in a month in the previous session when U.S. Benchmark copper closed up 0.3 percent at $5,769 a tonne at the London Metal Exchange, after ending Tuesday down 1.9 percent, the biggest fall since Dec. 19.

  • *Philippines cancels permits for four mining projects. LONDON, Jan 18- Copper steadied on Wednesday after its biggest fall in a month in the previous session when U.S. Benchmark copper closed up 0.3 percent at $5,769 a tonne at the London Metal Exchange, after ending Tuesday down 1.9 percent, the biggest fall since Dec. 19.

  • LONDON, Jan 18- The London tin market remains a tight and crowded space. There is tin in China. China may just have quietly removed that barrier and if it has done, it would have major ramifications for global tin flows and the metal-starved London market.

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