Materials and Metals Metals and Mining

  • SHANGHAI, Sept 28- Dongbei Special Steel Group, the struggling Chinese steelmaker, has ironed out a business revival plan, aiming to return to profit and slash leverage ratio in three years' time, the Economic Observer reported on Wednesday, citing unidentified sources. According to the plan, made at an internal meeting on Sept. 20, Dongbei Special Steel aims to make...

  • *Spot gold fell 0.1 percent to $1,325.81 an ounce by 0109 GMT. *A perceived win by Democrat Hillary Clinton in Monday's first presidential debate gave broader support to equities. *The World Trade Organization cut its forecast for global trade growth this year by more than a third on Tuesday, reflecting a slowdown in China and falling levels of imports into the...

  • MANILA, Sept 28- London nickel futures held near seven-week highs early on Wednesday after the Philippines said 20 more mines may be suspended for environmental violations, threatening supply from the world's top nickel ore exporter. *The Philippines has ordered the suspension of 20 more mines as officials vowed to pursue stricter standards than in global...

  • LONDON, Sept 27- Renewable energy will not be cost competitive with fossil fuels until 2050, Glencore said on Tuesday, much later than energy organisations forecast and supporting the mining and trading giant's case for continued investment in coal. Glencore Chairman Tony Hayward told a conference in London on Tuesday that, like oil companies, the group would...

  • LONDON, Sept 27- Nickel prices hit seven-week highs on Tuesday as worries about tight supplies were reinforced by the Philippine government recommending more mines for suspension over alleged environmental violations. Benchmark nickel on the London Metal Exchange traded up 2.7 percent at $10,825 a tonne in official rings, off an earlier session high at...

  • GRANGEMOUTH, Scotland, Sept 27- Britain's first shale gas delivery from the United States sailed into a heated European political debate on fracking on Tuesday and immediately ran into its first practical problem- the Scottish weather. Ineos is importing ethane, obtained from rocks fractured at high pressure, or "fracking", in a foretaste of larger deliveries of...

  • The Department of Environment and Natural Resources earlier suspended 10 other mines and declared a moratorium on new projects. Three of the 10 mines were included in the initial audit started shortly after President Rodrigo Duterte came to office on June 30. "Due to the government's emphasis on responsible mining, social and environmental standards are...

  • GRANGEMOUTH, Scotland, Sept 27- Britain's first shale gas delivery from the United States arrived to the sound of a lone piper on Tuesday morning as political debate about its controversial fracking method of extraction swirled both north and south of the Scottish border. Scotland's devolved government imposed a moratorium on fracking last year and...

  • LONDON, Sept 27- Nickel prices hit six-week highs on Tuesday as worries about tight supplies were reinforced by the Philippine government recommending more mines for suspension over alleged environmental violations. Benchmark nickel on the London Metal Exchange was up 1.5 percent at $10,695 a tonne at 1019 GMT, off an earlier session high of $10,745.

  • *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...