Business Materials and Metals

  • *Philippines is the world's biggest nickel ore supplier. MANILA, Sept 27- The Philippines has ordered the suspension of 20 more mines for environmental violations, as the world's top supplier of nickel ore vowed to pursue stricter standards than in global mining centres such as Canada and Australia. President Rodrigo Duterte has warned that the Philippines...

  • MANILA, Sept 27- A Philippine mining industry group said on Tuesday it was confident that the alleged environmental violations of eight member companies recommended by the government for suspension would be addressed properly and promptly. The eight miners, half of them nickel producers, are part of the Chamber of Mines of the Philippines and were among the 20...

  • MANILA, Sept 27- Australian miner OceanaGold Corp said on Tuesday it has not received an order from a Philippine mining agency to suspend its operations in the country and that activity at its gold-copper mine is continuing. "The company will consider all avenues, including working collaboratively with the DENR, to facilitate the immediate resolution of this...

  • SINGAPORE, Sept 27- Nickel bounced back on Tuesday, rising more than 1 percent after authorities in the Philippines ordered the suspension of 20 more mines for environmental violations, most of them nickel producers. Nickel futures on the London Metal Exchange jumped 1.2 percent to $10,655 a tonne by 0705 GMT, recouping Monday's decline. The most-traded copper...

  • MANILA, Sept 27- The Philippines has ordered the suspension of 20 more mines for environmental violations, most of them nickel producers, a government official said on Tuesday. Worries of tighter supply from the world's top nickel ore exporter- where 10 mines have already been shuttered as part of an audit launched on July 8 and completed last month- helped global...

  • MANILA, Sept 27- The Philippines has suspended 20 more mines for environmental violations, most of them nickel, a government official said on Tuesday, bringing to 30 the number of mines shuttered. The Philippines is the world's top nickel ore supplier. The metal was down 1.8 percent at $10,350 a tonne by 0408 GMT, after falling as much as 2.8 percent earlier.

  • SINGAPORE, Sept 27- Nickel dropped more than 2 percent on Tuesday, falling for a second day on speculation that expected mine closures in the Philippines, the world's biggest nickel ore supplier, may not limit supply as much as originally thought. Nickel futures on the London Metal Exchange fell 2.1 percent to $10,305 a tonne by 0303 GMT, adding to Monday's decline...

  • SINGAPORE, Sept 27- Nickel dropped 1 percent on Tuesday, falling for a second day on concerns over demand, with investors in the base metal market awaiting an announcement from the Philippines on closure of mines. The most-traded copper contract on the Shanghai Futures Exchange lost 0.3 percent to 37,670 yuan a tonne. *The Philippines accounts for more than 90...

  • SAO PAULO, Sept 26- Samarco Mineração SA, the Brazilian iron ore mining joint venture that suspended operations in November following a dam disaster, missed an interest payment on a $500 million bond that was due on Monday, trustee Bank of New York Mellon Corp said. As a result, Samarco will have 30 days to make the payment, or else investors holding at least 25...

  • Sept 26- Nickel slipped on Monday as nagging concerns about demand took the shine off Friday's rally to a six-week high on the possibility of more mine closures in the Philippines. A dozen mines, which are mostly nickel projects, risk being suspended when the Philippines announces more results on Tuesday of an environmental audit, on top of eight nickel mines...

  • Sept 26- Nickel slipped on Monday as nagging concerns about demand took the shine off Friday's rally to a six-week high on the possibility of more mine closures in the Philippines. A dozen mines, which are mostly nickel projects, risk being suspended when the Philippines announces more results on Tuesday of an environmental audit, on top of eight nickel mines...

  • *Copper falls, losses limited by China demand prospects. Sept 26- Nickel led metal prices lower on Monday, easing after hitting six-week highs on Friday on the possibility of further mine closures in the Philippines. "Nickel prices have rallied strongly over the past month and that's why it was more hard hit compared with the other metals," said Danske Bank...

  • *Copper falls, losses limited by China demand prospects. Sept 26- Nickel led metal prices lower on Monday, easing after hitting six-week highs on Friday on the possibility of further mine closures in the Philippines. "Nickel prices have rallied strongly over the past month and that's why it was more hard hit compared with the other metals," said Danske Bank...

  • LONDON, Sept 26- Indonesia shocked the nickel market at the start of 2014 when it made good on a commitment to ban all exports of unprocessed minerals. With the stroke of a presidential pen the flow of nickel ore to China's nickel pig iron producers was halted. Now it is the turn of the Philippines to roil the nickel market.

  • LAUNCESTON, Australia, Sept 26- It appears that China is interpreting the "people's well-being" as meaning North Korea should be able to export record amounts of coal in defiance of sanctions against the rogue nuclear-armed state. China imported 2.465 million tonnes of coal from North Korea in August, the highest on record, and 61 percent above what was bought in...

  • SHANGHAI, Sept 26- Dongbei Special Steel Group Co Ltd said on Monday it had defaulted on a one-year bond, the latest in a string of missed payments this year by the unlisted Chinese steelmaker. Owned by the Liaoning provincial government in China's northeast rust belt, Dongbei announced on the website of China's interbank bond market operator that it had failed...

  • CHICAGO, Sept 26- The U.S. Justice Department is looking into concerns that global consolidation among major seed and agricultural chemical companies may squeeze supplies of the building blocks for widely used genetically modified seeds, a farm group told Reuters. The department has asked the American Soybean Association for details about how small and...

  • *Copper falls, losses limited by China demand prospects. Sept 26- Nickel led metal prices lower on Monday, easing after hitting six-week highs on Friday on the possibility of further mine closures in the Philippines. By 0930 GMT on the London Metal Exchange, Nickel had slipped 1.8 percent to $10,470 a tonne.

  • *Copper falls, losses limited by China demand prospects. Sept 26- Nickel led metal prices lower on Monday, easing after hitting six-week highs on Friday on the possibility of further mine closures in the Philippines. By 0930 GMT on the London Metal Exchange, Nickel had slipped 1.8 percent to $10,470 a tonne.

  • Once Asia's top buyer of diesel, Indonesia's imports of the fuel slowed to a fraction of what it used to be with a plunge in coal prices over the past four years curbing mining activities. "Coal prices are getting higher so the miners are trying to speed up production," boosting demand for the fuel needed to power mining machinery, said a trader, who supplies diesel to...

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