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  • Shareholders will be in favor of South32: Pro Monday, 16 Mar 2015 | 11:23 PM ET
    Shareholders will be in favor of South32: Pro

    Sean Fenton, director & portfolio manager at Tribeca Investment Partners, explains why shareholders will likely vote in favor of BHP Billiton's planned South32 spin-off.

  • SINGAPORE, March 17- Coal futures dropped to 9- year lows this week after a short-lived rally earlier in the year, forcing many miners to produce at a loss. Following a 10- percent rally in January and February towards $65 a tonne, API2 2015 coal futures fell below $58 a tonne for the first time since January 2006 in their last settlement. Markets are now almost 60...

  • SINGAPORE, March 17- Gold prices hovered close to their lowest in over three months on Tuesday as traders waited for this week's Federal Reserve policy meeting to gauge the timing of an U.S. rate hike, while platinum stood near its lowest in 5-1/ 2 years. Spot gold had edged up 0.1 percent to $1,154.96 an ounce by 0043 GMT, close to last week's levels of $1,147.10, the...

  • *Antofagasta says Pelambres copper mine in Chile may close. That, plus questions over China's economic growth after comments by Premier Li at the weekend added headwinds to copper, said analyst Joel Crane of Morgan Stanley in Melbourne. Premier Li Keqiang, addressing a news conference, vowed to keep China's economy growing at a reasonable speed, even as he...

  • NEW YORK/ LONDON, March 13- Gold pared early gains on Friday, on track to break a nine-day streak lower despite the dollar's extended rally as the precious metal market appeared reluctant to extend losses ahead of the U.S. It looks like it's trying to find itself, "said Teddy Sloup, senior market strategist for iiTrader in Chicago. Gold has taken a beating since a...

  • LONDON, March 13- Visible copper stocks are surging higher. Those registered with the Shanghai Futures Exchange jumped again this week to 241,616 tonnes. They are now up by 136,000 tonnes since the start of January and close to the record high of 247,591 tonnes seen in March 2013.

  • TORONTO, March 12- Technology companies look set to supplant energy and mining firms as the driver of Canadian initial public offerings this year as global optimism about tech startups boosts valuations and spurs early investors to cash out. "In the next 12 to 24 months, you're going to finally see the most significant volume of Canadian tech IPOs you've seen in...

  • *Spot copper demand in China recovers only marginally-traders. LONDON, March 12- Copper prices hit their highest in more than a week on Thursday after upbeat lending data from China calmed fears about metals demand and triggered short-covering while a dip in the dollar also offered support. "We'd had a bit of a breather in the dollar and that's lending a bit of...

  • SAO PAULO, March 12- Brazilian steelmaker Cia Siderurgica Nacional SA expects to double its sales on the U.S. market in 2015 to 600,000 tonnes with the help of a stronger dollar, the company's head of sales said on Thursday. Brazil's currency, the real, has weakened nearly 17 percent against the dollar so far in 2015 and is trading near 11- year lows.

  • MOSCOW, March 12- Ukraine's High Court has decided to take back into state ownership a 68- percent stake in an asset of Russian aluminium giant Rusal, the General Prosecutor's office said in a statement on Thursday. Rusal suspended work at the Zaporizhia alumina and aluminium complex in southeastern Ukraine several years ago as a result of low aluminium prices.

  • JOHANNESBURG/ LONDON March 12- The sliding rand is a double-edged sword for mining companies in South Africa, with cost inflation, wage claims and potential labour unrest outweighing the gains that exporters traditionally derive from domestic currency weakness. The drop in the rand, near 13- year lows against the dollar, should benefit diversified mining...

  • March 12- Shares of cement maker Summit Materials Inc, controlled by Blackstone Group LP, rose as much as 12.5 percent in their trading debut on Thursday, valuing the company at $1.87 billion. The stock opened at $20.16 and touched a high of $20.25, valuing the company at about $1.87 billion. Citigroup and Goldman Sachs& Co are the lead underwriters of the offering.

  • March 12- Shares of Summit Materials Inc, a cement maker controlled by Blackstone Group LP, rose as much as 12.5 percent in their trading debut on Thursday, valuing the company at $1.87 billion. The offering was priced at $18 each, the midpoint of the expected range of $17- $19. Summit Materials' valuation takes into account 92.26 million outstanding shares, if all...

  • *Spot copper demand in China recovers only marginally-traders. LONDON, March 12- Copper and aluminium jumped on Thursday after upbeat lending data out of China calmed fears about metals demand and triggered short-covering while a dip in the dollar also offered support. "We'd had a bit of a breather in the dollar and that's lending a bit of support," said Stephen...

  • MELBOURNE, March 12- London copper jumped on Thursday after better-than-expected lending data out of China brightened the outlook for demand and triggered short-covering, adding to support built on supply concerns. Three-month copper on the London Metal Exchange jumped by 1.3 percent to $5,802 by 0728 GMT, after a small loss in the previous session when it...

  • LONDON, March 11- U.S. aluminium producer Alcoa last week said it had placed 500,000 tonnes of production capacity under review for possible closure or sale. At one level this is all about Alcoa's own reengineering of its business model away from pure aluminium producer towards specialist materials supplier. But Alcoa's continued focus on cost-cutting also...

  • SINGAPORE, March 12- Gold traded near a three-month low on Thursday, struggling to get past losses from the last eight sessions, as the metal continued to be hammered by a strong dollar amid increasing expectations of a rate hike in the United States. *Spot gold was firm at $1,154.76 an ounce by 0036 GMT. Richard Fisher, president of the Dallas Federal Reserve Bank,...

  • March 11- U.S. prosecutors unveiled a new indictment against former Massey Energy Co Chief Executive Donald Blankenship, accusing him of conspiring to falsify dust samples, in a case arising from a 2010 West Virginia coal mine explosion that killed 29 miners. William Taylor, a lawyer for Blankenship, declined on Wednesday to comment on the new indictment, which...

  • LONDON, March 11- Copper hit a two-week low on Wednesday as the dollar touched multi-year highs and data from top consumer China disappointed, though losses were capped by a spate of recent mine outages. Also dampening metals was the euro's dive to a 12- year low against the dollar after the European Central Bank began its 1 trillion euro bond-buying program this...

  • *EU, Indonesia, India, Turkey have imposed duties in 2015. This year alone, measures taken to protect steelmakers have been taken in the European Union, Indonesia, India, Turkey, and now Iran. "A steel import tax has been imposed... to protect local steel mills against dumping of China, Russia and Turkey," said Keyvan Ja' fari Tehrani, head of international affairs at the...