20/03/2013 19:07:00

BASE METALS HIGHLIGHTS: Top Stories of the Day

TOP STORIES

Norilsk Nickel CFO Dmitry Kostoyev Steps Down

MOSCOW--Russian mining giant, Norilsk Nickel (GMKN.RS), said Wednesday its chief financial officer, Dmitry Kostoyev, has resigned after four years on the job to pursue other projects.

ENRC Swings To Net Loss After $1.54 Billion Charge

LONDON - U.K.-listed, Kazakhstan-focused Eurasian Natural Resources Corp. PLC (ENRC.LN) said Wednesday it has swung to an annual net loss after incurring a $1.54 billion non-cash charge for impairments related to its aluminum, copper and platinum assets as well as an onerous alumina contract provision.

Polish Miners Rescued out of Collapsed Mine

WARSAW--All 19 workers trapped underground at a mine in southwestern Poland have been brought out by rescue workers, mining company KGHM Polska Miedz SA (KGH.WA) said Wednesday.

STORIES OF INTEREST

China Copper Premiums Rise as Demand Picks Up, LME Falls

Copper premiums are picking up in China, as some customers' orderbooks improve and a price pullback on the London Metal Exchange entices buyers, Asian traders said.

ENRC Says Further Write-Downs Possible After Swinging to Net Loss

LONDON--Eurasian Natural Resources Corp. PLC (ENRC.LN), which suffered a $1.22 billion impairment charge against the value of certain aluminum, copper, manganese and platinum assets, may face further write-downs if aluminum and copper prices fall further, its chief financial officer said Wednesday.

ENRC Chairman Says Kazakhstan Report Submitted To SFO; No Dramatic Action Needed

LONDON--The chairman of U.K.-listed Eurasian Natural Resources Corp. PLC (ENRC.LN) said Wednesday he felt comfortable with the content of a report that was filed to the U.K. Serious Fraud Office about its Kazakhstan operations and added that he doesn't expect any "dramatic action" will be needed.

IAI: Feb World Aluminum Output 3.634 Mln Tons, -233,000 Tons

Total world aluminum production in February fell by 233,000 metric tons month-on-month to 3.634 million tons, according to figures released Wednesday by the International Aluminum Institute.

Rinehart's Flagship Roy Hill Project to Pick Main Contractor

PERTH--Roy Hill Holdings, which is majority owned by Gina Rinehart's Hancock Prospecting unit, expects to award a multibillion-dollar contract to build a vast iron ore mine in Western Australia within days as it continues to finalize debt funding.

LME: Appoints Diarmuid O'Hegarty to New Chief Operating Officer Role

LONDON--The London Metal Exchange on Wednesday announced the appointment of Diarmuid O'Hegarty to chief operating officer, a new role reflecting the organization's growing size and complexity.

LME Receives Membership Application From Traderlight Ltd

The London Metal Exchange said Wednesday that it has received a membership application for consideration from Traderlight Ltd.

LME Lists Warehouses In Rotterdam, Antwerp, Johor

The London Metal Exchange said Wednesday it has listed warehouses in Antwerp in Belgium, Rotterdam in the Netherlands and Johor in Malaysia.

WBMS: Tin Market Ex-China in 2,000-ton Surplus in Jan

The tin market, not including China, was in a surplus of 2,000 tons in January this year, the World Bureau of Metal Statistics said Wednesday.

Russia Feb Aluminum, Nickel, Copper, Zinc, Palladium Output Falls; Platinum Up

Base metal production in Russia fell across the board in February from a year earlier, but platinum output rose sharply, figures from the federal statistics service showed Wednesday.

WBMS: World Zinc Market Ex-China In 55,300-ton Surplus In Jan

The zinc market, not including China, was in surplus by 55,300 tons in January this year, the World Bureau of Metal Statistics said Wednesday.

WBMS: Copper Market In 559,300-ton Deficit In Jan, Ex-China

The copper market, not including China, was in deficit by 559,300 metric tons in January this year, the World Bureau of Metal Statistics said Wednesday.

WBMS: Lead Market in 42,700-ton Deficit in Jan, Ex-China

The lead market, not including China, was in deficit by 42,700 metric tons in January this year, the World Bureau of Metal Statistics said Wednesday.

WBMS: Nickel Market Ex-China in 7,800-Ton Surplus in January

The nickel market, not including China, was in a surplus of 7,800 tons in January this year, the World Bureau of Metal Statistics said Wednesday.

WBMS: Aluminum Market in 214,600-ton Surplus in Jan, Ex-China

The aluminum market, not including China, was in surplus by 214,600 metric tons in January this year, the World Bureau of Metal Statistics said Wednesday.

MARKETS

Copper Futures Settle Higher, Snap 3-Day Losing Streak

NEW YORK--Copper futures settled higher Wednesday, snapping a three-day losing streak, as some investors saw a bargain after copper's recent price declines while others wagered on a brighter demand outlook.

Write to Tatyana Shumsky at tatyana.shumsky@dowjones.com

(END) Dow Jones Newswires

March 20, 2013 15:07 ET (19:07 GMT)

Copyright (c) 2013 Dow Jones & Company, Inc.

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
27 Jan
OMXC20
  Jeg er blevet bedt om at beskrive, hvordan man arbejder effektivt som investor. Det vil jeg gerne,..
82
26 Jan
PNDORA
At forstå Pandora er ikke bare at elske eller hade charms og evt. kalde selskabets smykker for "blik..
42
24 Jan
VWS
  På den lille ø Rügen ud for Stralsund i Tyskland var der under 2. verdenskrig en del af Hitlers vå..
25
24 Jan
VWS
Jeg kan da ikke tale en skid op. Men jeg kan dele et overblik over selskabet som andre ikke har. Men..
19
27 Jan
OMXC20
Dagblabdet Børsen bruger spalteplads til at hylde daytradere, der scorer kassen på højt gearede posi..
17
25 Jan
TORM
Torm havde væsentligt flere skibe i 2008 end de har nu, så jeg tror ikke du skal være så ked af, at ..
17
24 Jan
VWS
I stedet for at bruge så mange kræfter på mig syntes jeg at du skulle bruge dem på at lave de kritis..
15
28 Jan
TORM
Jeg har nu i mere end 6 måneder advaret imod Torm som er 0 DKK værd..   Mange har fået en lektion so..
14
27 Jan
I:SP500
I forlængelse af diskussionen med investor1989 forleden dag (hvor jeg løb tør for taletid) følger he..
14
26 Jan
BAVA
Hvis bare du selv havde haft til pensionen, Goodwrench.   Men det er jo netop det, der er problemet ..
14

Tech Companies Send Criticism Along With NSA-Related Data -- Update

04/02/2014 00:06:00
By Danny Yadron Technology companies including Google Inc. and Microsoft Corp. released new figures on the amount of data requests they received from U.S. ..

U.S. Hot Stocks: Hot Stocks to Watch

03/02/2014 14:07:00
Among the companies with shares expected to actively trade in Monday's session is Herbalife Ltd. (HLF). Herbalife Ltd. (HLF) raised its fourth-quarter outl..

Pfizer Study Meets Primary Endpoints

03/02/2014 13:05:00
Pfizer Inc. (PFE) said Monday that a Phase 2 trial of its advanced breast cancer treatment met its primary endpoint. Pfizer said a study comparing the effec..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
SYNERGIE: RECORD TURNOVER OF €1,669.2 MILLION IN 2014, AN INCREASE OF 9.8%
2
Flowserve Issues Initial Adjusted EPS Guidance for 2015 of $3.60-$4.00 and Previews Expected 2014 Key Financial Metrics
3
UNIBAIL-RODAMCO SE : FULL-YEAR RESULTS 2014
4
Novartis announces study in NEJM showing Jakavi® was superior to standard therapy in rare blood cancer polycythemia vera
5
EDF: Snam, GIC and EDF Invest welcome Crédit Agricole Assurances along their side within TIGF

Copyright Euroinvestor A/S 2015   Disclaimer and Terms of Use
Quote information is delivered by Interactive Data.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
29 January 2015 16:16:41
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20150128.1 - EUROWEB7 - 2015-01-29 17:16:41 - 2015-01-29 16:16:41 - 1000 - Website: OKAY