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
22 Oct
VWS
Pokerchamp - Per Vimmer er gulddrengen trænet hos Goldman Sachs, som har lært den superliberalistisk..
22
20 Oct
VELO
Match, så har jeg set lidt på mine handler og depoter.   Må begynde med at konkludere, at mit handel..
17
20 Oct
VELO
Tvivler på at du får ret. Aktieanalytikerne siger allerede før godkendelsen en KORTSIGTET kurs på 2..
17
22 Oct
BAVA
Jeg tror ikke, at mange her i dette forum er i tvivl om, hvem der er et fjols... Du får det til at l..
14
21 Oct
VWS
Hvis du var en ludo brik var du så ikke slået hjem nu ???
14
23 Oct
VWS
Quantum Utility Generation er på den anden side af "Mountain Friends", og de kan nu fortsætte deres ..
12
23 Oct
VWS
Aputsisaq - Blev der nødvndigt at starte en negativ tråd fordi at Stockrosen lige havde startet en p..
11
23 Oct
VWS
Jeg har kigget lidt på Vestas USA kunde First Wind, for at se hvordan det går med de 3 Wind Power pr..
11
23 Oct
 
Nej, der er klart tale om en Hanging Penis formation. Ikke et godt tegn. Jeg køber først når vi har ..
11
21 Oct
VWS
Vestas øverst chef for "Americas" - Chris Brown virker meget optimistisk. Han har udtalt til Recharg..
11

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
Lundbeck presents new efficacy and safety data analyses for desmoteplase in patients with acute ischaemic stroke
2
ShaMaran Files Preliminary Short Form Prospectus for Rights Offering
3
HFF conference call to discuss third quarter 2014 financial results scheduled for Monday, November 10th
4
Multi-Color Corporation Announces Date of Second Quarter Fiscal Year 2015 Financial Results Conference Call and Webcast
5
Thomson Reuters Announces Finalists for the Inaugural Taxologist Awards
Euroinvestor around the globe: Euroinvestor.dk | Euroinvestor.se | Euroinvestor.no | Euroinvestor.fr | Forexinvestor.com| Wisselkoersen.nl | Valuta.se | Valutaveksel.no | Divisas.es | Valute.it
Copyright Euroinvestor A/S 2014   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.
 
25 October 2014 19:56:43
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20141024.3 - EUROWEB5 - 2014-10-25 20:56:43 - 2014-10-25 19:56:43 - 1000 - Website: OKAY