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Business Materials and Metals

  • PARIS, Nov 17- Private equity firm Ardian said on Thursday it had entered exclusive talks with Equistone Partners to buy the fund's controlling stake in Unither Pharmaceuticals, a medical packaging manufacturer. Unither, founded in 1993, has sales of more than 250 million euros and employs more than 1,200 staff. Healthcare has been a key area for merger and...

  • The company forecast 2017 cash operating costs at its oil sands operations of C $24- C $27 per barrel, below its 2016 forecast of C $25.50- C $27.50. The Fort Hills oil sands mining project is located in Alberta's Athabasca region, about 90 kilometers north of Fort McMurray, and is expected to produce oil by the end of 2017.. The Hebron oil field, located offshore...

  • STOCKHOLM, Nov 17- Finnish pulp, paper and board maker Stora Enso expects to sign its first orders for food packaging boards from a new mill in China shortly and is not concerned by slowing Chinese growth, its chief executive told Reuters. Chief Executive Karl-Henrik Sundstrom said he was confident the new 800- million euro consumer board factory in Beihai, China...

  • STORA ENSO SAYS MARKET OUTLOOK FOR FOOD PACKAGING IN CHINA REMAINS VERY GOOD DESPITE GDP SLOWDOWN.

  • STORA ENSO CEO SAYS CLOSE TO SIGNING FIRST CONTRACTS FOR FSB, CKB FOOD PACKAGING BOARD GRADES AT NEW CHINA MILL.

  • *China allows miners to increase coal output. SINGAPORE, Nov 17- A wave that has lifted some coal prices to more than double in the last six months may be about to ebb away, turned back by China's move to loosen the restrictions on domestic mining that first triggered the fuel's rise. It was a Beijing move earlier this year to cap domestic mining to cut excess capacity...

  • *China allows miners to increase coal output. SINGAPORE, Nov 17- A wave that has lifted some coal prices to more than double in the last six months may be about to ebb away, turned back by China's move to loosen the restrictions on domestic mining that first triggered the fuel's rise. It was a Beijing move earlier this year to cap domestic mining to cut excess capacity...

  • LIMA/ TORONTO, Nov 16- Freeport-McMoRan Inc said on Wednesday it had wrapped up the $2.65 billion sale of its stake in the Democratic Republic of Congo's Tenke mine, and the company's chief executive said he hopes negotiations will ease objections of Congo's state miner to the deal. The CEO, Richard Adkerson, told Reuters in an interview that the surprise victory...

  • MANILA, Nov 17- London copper futures dropped for a third session on Thursday as the dollar stayed near a 13- year high, while investors cast doubt on the sustainability of last week's rally that lifted the industrial metal to its strongest since June 2015. *The most-traded January copper contract on the Shanghai Futures Exchange dropped 1 percent to 43,750 yuan...

  • *Physical silver demand seen at 1,064.60 mln oz, down 9 pct. LONDON, Nov 17- Physical silver demand hit a four-year low this year as higher prices and weaker consumer sentiment put people off buying jewelry, coins and bars, GFMS analysts at Thomson Reuters predicted on Thursday. "The silver market is expected to be in an annual physical deficit of 52.2 million ounces...

  • *Energy and minerals chief Davies sacked. SYDNEY, Nov 17- Rio Tinto has axed two of its top 10 executives amid an investigation over around $10 million in payments to a consultant who helped it secure rights to develop the world's largest untapped iron ore reserves in Guinea. The mining giant said on Thursday it had terminated the contracts of Energy and Minerals...

  • TORONTO, Nov 16- Canada's main stock index fell on Wednesday as a dip in commodity prices and long-dated bond yields weighed on resource and financials stocks, offsetting gains for the consumer staples group. Cyclical stocks, such as diversified miner Teck Resources Ltd, had been cheap at the beginning of the year and had already started to move up before last...

  • LIMA, Nov 16- Freeport-McMoRan Inc said on Wednesday it had completed the $2.65 billion sale of its stake in the Democratic Republic of Congo's Tenke mine, as chief executive Richard Adkerson said in an interview that he hopes negotiations will resolve the state miner's opposition to the deal. Freeport, the world's largest publicly-listed copper producer,...

  • BOGOTA, Nov 16- Colombia's coal output rose 17.6 percent to 23.4 million tonnes in the third quarter, the Energy and Mining Ministry said in a statement on Wednesday. The Andean nation, the world's fifth-largest coal exporter, produced 19.9 million tonnes in the same period a year ago, the ministry said. The biggest players in Colombia's coal industry are Drummond...

  • MARRAKESH/ FRANKFURT, Nov 16- Renewable energy will keep growing in the next few years as costs drop and coal use continues to fall, despite U.S. President-elect Donald Trump's pledge to revive the fossil fuel, investors and analysts said. "It is important to remember that not all renewable energy companies are exposed to the U.S. market and there are still...

  • LONDON, Nov 16- U.S. shale oil producers will increase their output if oil prices hit $60 a barrel, meaning OPEC will have to walk a fine line if it curtails production to prop up prices, the head of the International Energy Agency said. OPEC members are due to meet in Vienna at the end of the month to push through the first output limiting deal since 2008..

  • LAUNCESTON, Australia, Nov 16- There are two ways of looking at Rio Tinto's decision to close one of its major iron ore mines over the Christmas period: to take the company's explanation of operational reasons at face value or to see the move as part of a wider strategy. Rio told its employees at the Hope Downs 4 mine in Western Australia that it would close the...

  • JOHANNESBURG, Nov 16- South Africa's biggest cement maker, PPC Ltd, said on Wednesday its net debt had fallen by a third and commissioning of overseas projects to boost sales was on track, although higher finance costs helped depress half-year profit. In response to slow sales, falling prices and a weak economic environment at home, PPC is building factories in...

  • Maike founder sees prices between $5,000- 6,000 per tonne. *China infrastructure spending could buoy demand next year. In 2018 it will not be better than 2017, "said Yuneng Wu, vice president of Jiangxi Copper Co, China's largest copper producer.

  • LAUNCESTON, Australia, Nov 16- There are two ways of looking at Rio Tinto's decision to close one of its major iron ore mines over the Christmas period: to take the company's explanation of operational reasons at face value or to see the move as part of a wider strategy. Rio told its employees at the Hope Downs 4 mine in Western Australia that it would close the...

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