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  • *Glencore tackles debt with dividend suspension, share sale. Sept 7- Mining and trading company Glencore acknowledged on Monday the severity of the global commodity market slump as it suspended dividends and said it would sell assets and new shares to cut heavy debts built up through years of rapid expansion. Facing a global rout in commodity prices, Glencore...

  • MELBOURNE, Sept 7- London copper rallied on Monday as news of planned production cuts at the African copper operations of miner trader Glencore fuelled a short-covering rush. Glencore said that management at its Katanga Mining unit in the Democratic Republic of Congo had begun a review of operations, and that a similar review had started at Mopani Copper Mines...

  • LONDON, Sept 7- European shares bounced back on Monday from sharp declines in the previous session, boosted by mining and commodities trading firm Glencore which rose after announcing plans to cut its debt. Glencore shares surged 8 percent, the top gainer in Europe, after the company said it will suspend dividends, sell assets and raise $2.5 billion in a new share...

  • *Glencore tackles debt with dividend suspension, share sale. JOHANNESBURG, Sept 7- Mining and commodities trading firm Glencore announced on Monday it will suspend dividends, sell assets and raise $2.5 billion in a new share issue as it aims to cut its debt by a third to $20 billion by the end of next year. Glencore said on Monday 78 percent of the proposed share issue...

  • LONDON, Sept 7- European shares bounced back on Monday after sharp declines in the previous session, with mining and commodities trading firm Glencore leading the market higher after announcing plans to cut its debt. The pan-European FTSEurofirst 300 index was up 1.1 percent at 0712 GMT after closing 2.5 percent lower on Friday. Glencore shares surged 10...

  • JOHANNESBURG, Sept 7- Mining and commodities trading firm Glencore announced on Monday it will suspend dividends, sell assets and raise $2.5 billion in a new share issue as it aims to cut its debt by a third to $20 billion by the end of next year. Glencore said 78 percent of the proposed share issue was underwritten by Citi and Morgan Stanley while its senior...

  • JOHANNESBURG, Sept 7- Mining and commodities trading firm Glencore on Monday said it will suspend dividends, sell assets and raise $2.5 billion in a new share issue as it aims cut it net debt to $20 billion by the end of next year. The London- listed company has been under pressure to cut debt- which stood at $29.6 billion at the end of June, as prices for its key products,...

  • ZURICH, Sept 6- Germany's Bayer has advised wine grape growers not to use its Moon Privilege fungicide until its CropScience arm has investigated whether there is a connection between the product's use and reported crop damage. "The damage will, in any event, be in the three-digit millions," Andreas Meier, a grower in the northern Swiss canton of Aargau, was quoted as...

  • LONDON, Sept 3- On the London Metal Exchange benchmark nickel for three-month delivery is currently trading around $10,000 per tonne. Nickel hit a low of $9,100 during its "flash crash" of Aug. 12, within spitting distance of the low of $8,850 recorded in October 2008, the month after the fateful " Lehman Moment." When nickel recorded that historic low back in October...

  • MELBOURNE, Sept 4- London copper took a breather on Friday but was set to log a second weekly gain as bets for monetary easing in Europe fuelled a short-covering rally that traders expected to gain steam given light holiday trade. The European Central Bank cut its growth and inflation forecasts on Thursday paving the way for an expansion of its already massive 1...

  • LONDON, Sept 3- Copper surged to the highest level in over three weeks on Thursday as bearish investors closed out positions amid a stock market recovery, strong U.S. economic data and signals that European monetary stimulus could be extended. Copper led broad gains on the London Metal Exchange but some investors were preparing a renewed attack on the downside.

  • COLUMN-Why is nickel trading like it's 2008? Andy Home Thursday, 3 Sep 2015 | 10:34 AM ET

    LONDON, Sept 3- On the London Metal Exchange benchmark nickel for three-month delivery is currently trading around $10,000 per tonne. Nickel hit a low of $9,100 during its "flash crash" of Aug. 12, within spitting distance of the low of $8,850 recorded in October 2009, the month after the fateful "Lehman Moment". When nickel recorded that historic low back in October...

  • JOHANNESBURG, Sept 3- Impala Platinum plans to raise 4 billion rand in a share sale to fund the development of two shafts at its strike-ridden South African operations, the company said on Thursday, sending its shares tumbling to 12- year lows. Impala, along with rivals Lonmin and Anglo American Platinum, is still recovering from 2014' s record five-month strike...

  • CHICAGO, Sept 3- Metals company Alcoa Inc said on Thursday it will invest $60 million to expand its research and development center in Pennsylvania to explore ways to make 3 D printing viable on an industrial scale to produce parts for the aerospace, automotive and construction sectors. The move is part of New York- based Alcoa's strategy of investing in more...

  • Sept 3- Mining equipment maker Joy Global Inc, which gets about 60 percent of its revenue from coal miners, reported a 37 percent fall in quarterly profit and cut its full-year forecast as customers cut spending due to weak prices. Joy Global has cut jobs and lowered production among other measure to try to adapt to the slowing demand that has led to company's...

  • Sept 3- Mining equipment maker Joy Global Inc, which gets about 60 percent of its revenue from coal miners, reported a 37 percent fall in quarterly profit as customers cut spending due to weak prices. The company's net income fell to $44.9 million, or 46 cents per share, in the third quarter ended July 31, from $71.3 million, or 71 cents per share, a year earlier.

  • NEW YORK, Sept 3- With the benefit of hindsight, last quarter may have been the best chance for cash-strapped U.S. shale oil producers to ensure they would get at least $60 a barrel for the next year or two. According to a Reuters analysis of hedging disclosures by the 30 largest such firms, more than half of them did not expand their hedges during the three months ended...

  • SANTIAGO, Sept 2- Arizona- based mining company Freeport-McMoRan Inc said on Wednesday it was dismissing some 650 workers at its El Abra copper mine in Chile and partially suspending operations at the complex until mid-September as it cuts mining rates in half. Last week, Freeport, which owns a 51 percent stake in the mine in northern Chile, became one of the first...

  • *Copper short-sellers in China lose conviction- analysts. LONDON, Sept 2- Copper rose on Wednesday, reversing the previous session's slide, after Chinese equities pared losses following further government intervention and as investors grew nervous about betting down a metal trading near six-year lows. A number of brokerages in top copper consumer China have...

  • NAIROBI, Sept 2- Madagascar plans to increase royalty fees and claim 10 percent stakes in mining concessions, under proposed changes to its mining code, according to a draft document seen by Reuters on Wednesday. One of Africa's poorest countries, Madagascar hopes to accelerate economic growth by developing natural resources but it has struggled to attract...

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