Business Materials and Metals

  • ANTI-DUMPING, ANTI-SUBSIDY DUTIES ON HOT-ROLLED STEEL PRODUCTS FROM AUSTRALIA, SOUTH KOREA, JAPAN, BRITAIN AND THE NETHERLANDS.

  • VANCOUVER, Sept 12- Barrick Gold Corp, the world's biggest gold producer, said on Monday it would partner with Cisco Systems to incorporate digital technology in all aspects of its mining business, aiming to improve productivity and reduce costs. Toronto- based Barrick said it planned to spend around $100 million between now and the end of 2017 working with Cisco...

  • It would combine Potash's crop nutrient production capacity, the world's largest, with Agrium's farm retail network, North America's biggest, plus its own potash mine and fertilizer plants. Agrium Chief Executive Officer Chuck Magro will be CEO of the merged company. Potash Chief Executive Jochen Tilk, who will become executive chairman, said the structure...

  • Potash Corp shareholders will own 52 percent of the new company, with Agrium shareholders owning the rest if the deal closes in mid-2017 as the companies hope, they said on Monday. Agrium Chief Executive Officer Chuck Magro will be CEO of the merged company, whose market capitalization is projected at $26 billion. Potash Corp is already the world's biggest crop...

  • MUMBAI, Sept 12- India's Tata Steel Ltd reported on Monday a $477 million consolidated first-quarter net loss as it sold a business in Europe, and said talks continued for a proposed partnership to run its European plants. Consolidated net loss widened to 31.83 billion rupees for the three months to June 30, from 3.17 billion rupees loss a year earlier, Tata Steel,...

  • TORONTO, Sept 12- Canada's main stock index slipped on Monday as banks fell with a retreat in overseas equities markets, but losses were cushioned by companies gaining on domestic merger activity. Open Text Corp soared 7.8 percent to C $84.02 after the software company said it had agreed to buy Dell-EMC's enterprise content division for $1.62 billion.

  • Toronto- based Barrick said it would work with Cisco to first develop a flagship digital operation at its Cortez gold mine in Nevada, embedding technology in various parts of the operation to deliver better, faster and safer mining. "Harnessing the potential of digital technology will unlock value across our business, helping us grow our free cash flow per share,"...

  • Potash Corp, the world's biggest crop nutrient company by capacity and Agrium, North America's largest farm retailer, said the combined entity would be largest crop nutrient company in the world. Potash Corp shareholders will get 0.400 common shares of the combined company for each share they hold and Agrium shareholders will get 2.230 common shares for each...

  • Potash Corp, the world's biggest crop nutrient company by capacity and Agrium, North America's largest farm retailer, said the combined company will be largest crop nutrient company in the world and third largest natural resource company in Canada. The merger will create a company dominant in North America, controlling nearly two-thirds of potash capacity,...

  • Shareholders of Potash Corp, the world's biggest crop nutrient company by capacity, will get 0.400 common shares of the combined company for each share held. Potash Corp shares were up slightly at $17.03 in premarket trading. After the deal closes, Potash Corp shareholders will own about 52 percent of the new company, with Agrium shareholders holding the rest.

  • Sept 12- Canada's Agrium Inc and Potash Corp of Saskatchewan Inc said on Monday they would combine to create a fertilizer and farm retailing giant with proforma enterprise value of $36 billion. Potash Corp shareholders will get 0.400 common shares of the new company for each share they own, while Agrium shareholders will get 2.230 common shares.

  • Market Cap: $ 30 billion YTD Performance: +5% 52-Wk High/Low: $111.74 / $88.64 Cash & ST Investments as a % of Assets: 1% Total Debt as a % of Assets: 40% The Connecticut-based industrial gas supplier helps a wide variety of industries preserve foods, produce computer chips, reduce emissions, as well as clean and recycle waste water. The company introduced the first distribution system for liquid gas in 1917, and developed on-site gas supply by the end of WWII. In the 1960s, Praxair introduced n

    Germany's Linde and U.S. peer Praxair have ended merger talks that would have created a market leader with a value of more than $60 billion.

  • BEIJING, Sept 12- State-own media Xinhua News Agency:. *China's Henan province to offer 2.18 billion yuan funding this year to help steel and coal companies cut production. *Henan aims to cut annual coal capacity by 62.54 million tonnes and crude steel by 2.4 million tonnes over the 2016-2018 period.

  • *China fuel exports expected to soar later this year. Brent crude oil futures were down 53 cents to $47.48 a barrel by 0830 GMT, while U.S. "The idea that we will continue to bounce off the $50 per barrel handle is proving correct," said Matt Stanley, fuel broker, Freight Investor Services in Dubai, pointing to "the dynamic of shale oil" as the main factor pulling prices back...

  • *China fuel exports expected to soar later this year. "The idea that we will continue to bounce off the $50 per barrel handle is proving correct," said Matt Stanley, fuel broker, Freight Investor Services in Dubai, pointing towards "the dynamic of shale oil" as the main reason to have pulled prices back down. Oil's near six-percent price decline since Sept. 8 partly...

  • FRANKFURT, Sept 12- German industrial gases group Linde and U.S. peer Praxair have ended merger talks that would have created a market leader with a value of more than $60 billion, they said on Monday, sending Linde's shares tumbling. Linde shares dropped almost 9 percent in early trading and by 0712 GMT were down 7.8 percent at 137.30 euros, at the bottom of the...

  • *Newcastle coal prices at $70 per tonne, Europe below $60. SINGAPORE, Sept 12- A 40- percent rally since June in prices for Australian thermal coal due to a jump in Chinese imports has pushed its premium over Europe to more than $10, offering miners with easy access to the Atlantic and Pacific basins opportunities for arbitrage. "If you're a Colombian miner, who can...

  • *Newcastle coal prices at $70 per tonne, Europe below $60. SINGAPORE, Sept 12- A 40- percent rally since June in prices for Australian thermal coal due to a jump in Chinese imports has pushed its premium over Europe to more than $10, offering miners with easy access to the Atlantic and Pacific basins opportunities for arbitrage. "If you're a Colombian miner, who can...

  • *China industrial production figures due on Tuesday. MELBOURNE, Sept 12- London copper slipped to its weakest level since late June on Monday after risk aversion roiled wider markets, and investors turn increasingly bearish on the metal given prospects for rising supply. Shanghai Futures Exchange copper slid 1 percent to 36,240 yuan a tonne.

  • MELBOURNE, Sept 12- London copper was stuck near its weakest in two months on Monday as the dollar held gains and as investors turn increasingly bearish on the metal given prospects for rising supply. *Shanghai Futures Exchange copper edged down 0.2 percent to 36,540 yuan a tonne. *Hedge funds and money managers speculators sharply boosted their net short...

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