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 Mar
OMXC20
  Det kan være næsten lige så vanedannende som narkotika og cigaretter at sidde dag efter dag og føl..
27
23 Mar
I:DAX
@marc55.   Lad mig give dig et velment råd.   Jeg er ikke en gammel sur mand (hverken gammel eller s..
19
26 Mar
 
Aktieugebrevet skriver:   Zealand Pharma kan stå foran stor værdiskabelse Zealand Pharma aktien har ..
17
22 Mar
OMXC25
Det var så vigtigt vi skulle stemme. Jeg er glad for det blev et NEJ.   EU sagde vi ikke ville få en..
17
28 Mar
BAVA
Regnearket er bygget op, på den måde, at det udregner Gak prisen løbende. I GAK prisen, er der altså..
16
23 Mar
VWS
Dong Energy og Vestas får meldinger om off shore industrien, hvor de store olieselskaber øjnene muli..
14
28 Mar
 
Nej. Det er derimod latterligt, at Uber skal være ulovligt i dette i forvejen over regulerede lortel..
13
28 Mar
 
Det var da på tide. De skulle aldrig have åbnet. Man kan da ikke starte et firma, der åbenlyst laver..
13
22 Mar
GEN
Genmab kommer minimum i kurs 2000 over tid - og hvad der sker i mellemtiden rager mig personligt en ..
13
24 Mar
DANSKE
Hr. Borgen og kongsmart sad i kantinen og så gårdsdagens nyheder i tv, da Der Tonede et indslag fre..
12

Form 8.3 - Bovis Homes Group Plc

28/03/2017 14:49:02
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Full name of discloser: Unicredit SpA (b) Owner or controller of interests an..

Alliance Trust PLC : Net Asset Value(s)

28/03/2017 13:55:21
ALLIANCE TRUST PLC                                    At the close of business on Monday 27 March 2017: The Company's NAV per ordinary share, valued on a bid price basis with Debt at Par, was -       excluding income, 714.6p -       including income, 720.4p  The Company's NAV per ordinary share, valued on a bid price basis with Debt at Fair Value, was -       excluding income..

HSBC Bank Plc : Form 8.5 (EPT/RI) - Redrow PLC

28/03/2017 10:41:26
FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Name of exempt principal trader: HSBC BANK PLC (b) Name of offeror/offe..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Under Armour, Inc. To Contact The Firm
2
RigNet deploys its first deep water 4G LTE system in the Gulf of Mexico and announces dramatic capacity increases to its state-of-the-art licensed 4G wireless network
3
Ericsson presents focused business strategy
4
Ericsson simplifies organization and names Executive Team
5
PICO Holdings, Inc. to Webcast Annual Meeting of Shareholders on May 4th, 2017

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2017   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 March 2017 06:20:46
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20170324.2 - EUROWEB4 - 2017-03-29 07:20:46 - 2017-03-29 06:20:46 - 1000 - Website: OKAY