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
03 Feb
FING-B
OK Moderator - jeg bliver bare så vred, når vi, der abbonnerer på EI - gang på gang bliver provokere..
32
01 Feb
FING-B
Jeg forstår ikke, hvorfor myndighederne ser den anden vej, når hedgefonde helt åbenlyst forsøger at ..
24
30 Jan
I:SP500
Har du nogensinde tænkt over paradokset i, at en landmand, der ved, han er på falittens rand, kan dr..
24
05 Feb
OMXC20
  Inden jeg starter med at forklare, hvad det er der aktuelt sker på aktiemarkedet, vil jeg henvise ..
20
05 Feb
 
    En lærerinde i 3. klasse stillede sine elever det evigt relevante spørgsmål:"Hvad vil du gerne..
18
02 Feb
I:SP500
Så er vi der igen - volatilitet som dybest set kun gavner de spekulanter i markedet, som reelt intet..
17
31 Jan
EXQ
Hvad angår prostatakræft, som jeg fik konstateret for 1½ år siden, og som jeg er i behandling for - ..
17
30 Jan
E:STL
I sidste uge begyndt jeg at tro på at OPEC kunne begynde at få samlet sig sammen og få lave nogle pr..
14
05 Feb
FING-B
Vi 8 har snakket med flere analysefirmaer i dag som jeg ikke lige kan huske navnene på, og de fortæl..
12
03 Feb
FING-B
Citat af TOP10 ovenfor: " Det gode ved en fingerprint scanner, hvis man vil stjæle oplysninger, er a..
12

Novae Group plc : Notice of Results

05/02/2016 15:47:43
5 February 2016                                                                                     For immediate release Novae Group plc NOTICE ..

Form 8.3 - Sainsbury (J) plc

05/02/2016 12:11:02
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE ..

Alliance Trust PLC : Transaction in Own Shares 5 February 2016 correction

05/02/2016 09:55:55
5 February 2016 Alliance Trust PLC TRANSACTION IN OWN SHARES (Correction) The announcement released this morning was incorrectly headed Net asset Value A..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Trading halt in Opera Software ASA
2
Alliance Trust PLC : Transaction in Own Shares 5 February 2016 correction
3
Spending at Merchants on General Purpose Payment Cards Projected to Reach $48.670 Trillion by 2024 According to The Nilson Report
4
Cleco receives ratings assessment indications
5
Novavax Announces Exercise of Over-Allotment Option to Purchase Additional Shares

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2016   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.
 
06 February 2016 09:02:18
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20160125.1 - EUROWEB2 - 2016-02-06 10:02:18 - 2016-02-06 09:02:18 - 1000 - Website: OKAY