Materials and Metals Metals and Mining

  • Anglo American, Glencore and Freeport have been at the forefront of those companies cutting debt, but BHP Billiton and Rio Tinto have also been looking to rationalize their assets while signaling an interest in acquisitions. Slower growth in China triggered the slide in the prices of raw materials, and Chinese companies are now the main potential buyers of...

  • *Has hired new staff to target Japan, Singapore. London- based Marex has hired new staff to reach into Japan and to add an industrial metals base in Singapore, its global head of metals told Reuters in an interview late last week. People are migrating away from the LME because of that, " Van Den Born said.

  • *Has hired new staff to target Japan, Singapore. London- based Marex has hired new staff to reach into Japan and to add an industrial metals base in Singapore, its global head of metals told Reuters in an interview late last week. People are migrating away from the LME because of that, " Van Den Born said.

  • London- based Marex has hired new staff to reach into Japan and to add an industrial metals base in Singapore, its global head of metals told Reuters in an interview late last week. Simon Van Den Born said the additions would boost its regional base metals business now centered in Hong Kong and help build up alternative business lines such as in gold.

  • SHANGHAI, June 13- China's crude steel output rose 1.8 percent to 70.5 million tonnes in May from a year ago, the second time to stand above 70 million tonnes this year, data from the National Bureau of Statistics showed on Monday. Steel production is expected to fall further in June amid slowing demand and China's efforts to cut overcapacity.

  • SHANGHAI, June 13- China's crude steel output rose 1.8 percent to 70.5 million tonnes in May from a year ago, data from the National Bureau of Statistics showed on Monday.

  • MONROVIA, June 10- Sable Mining Chief Executive Officer Andrew Groves said on Friday that his indictment this week by a grand jury in Liberia in relation to a corruption investigation was politically motivated. President Ellen Johnson Sirleaf last month ordered an inquiry into London AIM-listed Sable's unsuccessful attempt to acquire an iron ore...

  • CALGARY, Alberta, June 10- Canadian cash crude differentials remained steady on Friday as market players questioned how fast crude volumes would come back online after wildfires slashed production in northern Alberta's oil sands region. Light synthetic crude from the oil sands for July delivery strengthened slightly to $3.30 per barrel above benchmark...

  • LONDON, June 10- Executives at a metals warehouse firm owned by commodities group Glencore allegedly ordered workers to falsify documents in New Orleans to manipulate the zinc market, according to a complaint filed by zinc purchasers in a U.S. On Monday, a U.S. judge in Manhattan allowed a private antitrust lawsuit to go forward against two units of Anglo-Swiss...

  • GENEVA, June 10- Liberty House Group, which wants to buy the British assets of Tata Steel, has its eye on other steel plants in the United States, Africa and India if the Tata deal doesn't happen, Executive Chairman Sanjeev Gupta told Reuters. Liberty is one of a number of companies that have put forward offers to buy Tata Steel's loss-making UK operations and save...

  • June 10- U.S. energy firms this week added rigs drilling for oil for a second week in a row for the first time since August, energy services firm Baker Hughes Inc said on Friday, after crude prices this week rallied to an 11- month high over $51 a barrel. RIG-OL-USA- BHI> Two of those oil rigs were added in the Bakken shale producing region in North Dakota, bringing the...

  • LONDON, June 10- European shares slipped for a third straight day to a two-week low on Friday, with weaker commodities prices putting further pressure on mining and energy stocks. The European mining index dropped 1 percent after prices of copper and other key metals fell. Shares in BHP Billiton, Anglo American and Glencore fell 0.6 to 1.1 percent, dragging the...

  • RIO DE JANEIRO, June 9- Brazil's federal police accused on Thursday mining company Samarco, a joint venture between Vale SA and BHP Billiton, of willful misconduct in relation to a deadly dam burst last November, saying the company had ignored clear signs the dam was at risk of collapsing. Police said Samarco had skimmed on safety spending, focusing instead on...

  • LONDON, June 9- Britain's top share index fell on Thursday after previously gaining for four sessions in a row, with a sharp decline in commodities prices putting pressure on mining and energy stocks. The UK mining index fell 3.6 percent after the copper price slid to its lowest in nearly four months, hit by a strengthening dollar and investor worries about excess...

  • *Discrepancy between national and local policy in China. *China demand growth for base metals skewed to downside. News last month that China has agreed to eliminate export subsidies on some materials and metals has raised expectations of a slowdown in the massive flow of semi-fabricated aluminum products into Western markets.

  • June 9- Japan said it may ask the World Trade Organization to help resolve a dispute related to India's "safeguard" tariffs on the import of hot-rolled steel. Japan will make repeated requests to the Indian authorities to ensure the consistency of their measures with the WTO agreements, the Japanese Ministry of Economy, Trade and Industry said in its annual...

  • CALGARY, Alberta, June 8- Oil sands producers Canadian Natural Resources Limited and Cenovus Energy shut projects and evacuated workers at Pelican Lake facilities in northern Alberta as wildfires threatened western Canadian output for the second time in a five weeks. Cenovus shut operations and evacuated all 118 workers from its 23,000- barrel-per-day...

  • OTTAWA, June 8- Canada's main stock index slipped on Wednesday as weakness in the energy sector dragged, offsetting gains by gold mining companies benefiting from higher bullion prices. Goldcorp increased 1.3 percent to C $23.38 and Barrick Gold rose 1.5 percent to C $24.40. The Toronto Stock Exchange's S&P/TSX composite index closed down 52.51 points, or 0.37...

  • CALGARY, Alberta, June 8- Oil sands producers Canadian Natural Resources Limited and Cenovus Energy shut projects and evacuated workers at Pelican Lake projects in northern Alberta as wildfires again threaten western Canadian output just as production begins to recover. Cenovus shut operations and evacuated all 118 workers from its 23,000-...

  • MOSCOW, June 8- Russia produced 67.75 tonnes of gold in January- April 2016, up from 63.27 tonnes in the same period last year, the finance ministry said in a statement on Wednesday. Production for the period included 50.68 tonnes of mined gold, compared with 47.56 tonnes a year ago. Silver production totalled 296.17 tonnes in the first four months this year, down from...