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.
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 email@example.com
(END) Dow Jones Newswires
March 20, 2013 15:07 ET (19:07 GMT)
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