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  • SAO LUIS, Brazil, Sept 19- Two kilometers out to sea, workers battle treacherous currents to build a huge dock capable of loading the largest iron ore ships on earth, a vital step as Brazil's Vale fights for dominance in a tumbling market. The mammoth undertaking will secure Vale SA as the world's number one producer of the main raw material in steel making.

  • *Offer price range 26.50- 35.50 eur/ shr. FRANKFURT, Sept 18- Bayer's plastics division Covestro aims to raise about 2.5 billion euros in an initial public offering, it said on Friday, announcing what could become the largest stock market debut in Germany in almost 15 years. That would make it the biggest listing in Germany since mail and logistics group Deutsche...

  • *UK govt says ready to assist workers where necessary. LONDON/ BANGKOK, Sept 18- Britain's second-largest steelmaker, SSI UK, said on Friday it was halting operations at its Redcar plant in northeast England, calling into question the future of its business and putting 2,000 jobs at risk. Thai banking sources told Reuters that SSI has debts of about 47- 48 billion...

  • *Glencore says liquidating over $1.5 bln of inventories. LONDON, Sept 18- Substantial amounts of base metal zinc could be released onto world markets, weighing further on fast falling prices, as major producer Glencore implements a plan to liquidate some of its commodity inventories to help pay off debt. But mining and trading company Glencore may add further to...

  • *Job cuts hit Zambia, S.Africa, Congo ahead of elections. JOHANNESBURG, Sept 18- When Canada's Barrick Gold said it would close its copper mine in Zambia if the government imposed a sharp hike in mineral royalties, President Edgar Lungu had little choice but to back down to save valuable jobs that keep the country going. Investors in Zambia are now watching the...

  • LONDON, Sept 18- Britain's second-largest steelmaker SSI UK said it was halting iron and steelmaking operations at its Redcar plant in northeast England as its business has suffered from a sharp slide in steel prices. Media reports this week said up to 2,000 jobs were at risk after SSI UK, a unit of Thailand's Sahaviriya Steel Industries, missed several debt...

  • LONDON, Sept 18- Copper slipped on Friday after the U.S. Federal Reserve's decision not to raise rates yet due to a weaker global economy kept investors nervous, overshadowing an oil price rise and possible supply disruptions in Indonesia. "Some liquidity would go from oil to metals but overall sentiment in markets, with equities down, we'll probably be steady...

  • LONDON, Sept 18- Gold rose to a two-week high on Friday as the Federal Reserve's decision to leave U.S. interest rates unchanged weighed on the dollar and added to uncertainty over the timing of the first rate hike in a decade. "The Fed statement had a clear dovish tone and this weighed on the U.S. dollar and supported precious metals," ABN Amro analyst Georgette Boele...

  • MELBOURNE, Sept 18- London copper slipped on Friday after the Federal Reserve delayed hiking rates due to a weaker global economy, with prices set for a flat weekly close as mines restarted following a quake in Chile, soothing concerns over supply. Three-month copper on the London Metal Exchange had erased early gains to slip 0.4 percent to $5,370 a tonne by 0117...

  • MELBOURNE, Sept 18- London copper found support on Friday from a softer dollar after the Federal Reserve delayed hiking rates due to a weaker global economy, with prices set for a third weekly gain in four as demand picks up following a slow summer. *Shanghai Futures Exchange copper was flat at 41,050 yuan a tonne. *Codelco and Antofagasta PLC said they were resuming...

  • Sept 17- Alcoa Inc letter to London Metal Exchange:. *Alcoa publishes letter sent to LME on Aug 14 criticizing proposals to require increased load-out rates and mandate queue-based rent-capping at aluminum warehouses. *Alcoa says new measures "are more likely to create disorder" and suggests current load-in, load-out rule has been effective at reducing...

  • Sept 17- Canadian miner Kinross Gold Corp on Thursday lowered its full-year capital spending and overhead costs forecasts and raised the lower end of its production outlook. Kinross reduced its all-in sustaining cost forecast to a range of $975 to $1,025 per ounce from $1,000 to $1,100. Cost of sales is now expected to be $690- $730 per ounce, down from its...

  • WINNIPEG, Manitoba, Sept 17- Canada's Cameco Corp is making plans to expand production at the world's biggest uranium mine, once prices justify it, and is not interested in buying other projects in its backyard, Chief Executive Tim Gitzel said on Thursday. Cameco, the second-largest producer of the metal used to produce nuclear fuel, received regulatory approval...

  • LONDON, Sept 17- Copper hit nearly two-month highs on Thursday after a massive earthquake in top producer Chile but then retreated as reports showed little damage to mines so far. Two copper operations in Chile were restarting on Thursday after being suspended as a precaution in the wake of the 8.3- magnitude quake, which killed eight people and forced a million...

  • SANTIAGO, Sept 17- Chile's Codelco said on Thursday it restarted its open-pit Andina mine located in the Andes mountains, as mining operations in the world's top copper producer appeared to be unscathed after a powerful earthquake that struck off the coast overnight. Antofagasta Plc said it was inspecting operations at its flagship Los Pelambres copper mine...

  • OYU TOLGOI, Mongolia, Sept 17- Rio Tinto said it is committed to expanding its Oyu Tolgoi copper mine in Mongolia based on a positive outlook for the metal and confidence that low production costs can buoy profits even as competitors cut output. The miner wants to lock in up to $4.2 billion in project financing by November to build more than 200 km of tunnels to...

  • SANTIAGO, Sept 17- Chile's state copper miner Codelco said it has restarted operations on Thursday at its open-pit Andina mine, which lies in the Andes mountains north-east of capital city Santiago, following a massive quake the prior night.

  • *Glencore sees "spectacular growth" in LNG trading. *Trafigura, Vitol, Glencore, others to boost spot market volumes. SINGAPORE, Sept 17- Mining and trading giant Glencore is mounting a challenge to Trafigura and Vitol to become the top merchant trader of liquefied natural gas, as a market in which sales are largely frozen in decades-long contracts looks set to thaw.

  • *Glencore sees "spectacular growth" in LNG trading. *Trafigura, Vitol, Glencore, others to boost spot market volumes. SINGAPORE, Sept 17- Mining and trading giant Glencore is mounting a challenge to Trafigura and Vitol to become the top merchant trader of liquefied natural gas, as a market in which sales are largely frozen into decades-long contracts looks set to...

  • SYDNEY, Sept 17- A powerful earthquake in Chile has turned the copper market's focus back onto supply risks rather than Chinese demand, after mine operations have once again been disrupted in a country that accounts for a third of the world's supply of the metal. But early on Thursday, prices surged to an eight-week top of $5,440.50 per tonne on news of the 8.3...

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