BASE METALS HIGHLIGHTS : Top Stories Of The Day
Oyu Tolgoi Funding to Continue Amid Government Talks
Rio Tinto PLC (>> Rio Tinto plc) and Mongolia have agreed to continue funding the US$6.2 billion Oyu Tolgoi copper and gold mine in the Gobi Desert, keeping it on track to begin producing in June as they try to resolve a dispute over costs. Oyu Tolgoi Funding to Continue Amid Government Talks
Rio Tinto PLC (>> Rio Tinto plc) and Mongolia have agreed to continue funding the US$6.2 billion Oyu Tolgoi copper and gold mine in the Gobi Desert, keeping it on track to begin producing in June as they try to resolve a dispute over costs. Chile's Escondida 2012 Copper Output Up 31.3% to 1,075,825 Tons
Production at the world's largest copper mine, Escondida, controlled by global diversified mining company BHP Billiton Ltd. (BHP, BHP.AU), rose 31.3% in 2012 to 1,075,825 metric tons, the company said Friday. Polish KGHM 4Q Net Profit Shrinks More Than Expected
Polish copper miner KGHM Polska Miedz SA's (KGH.WA) fourth quarter standalone net profit shrinked 80% to 753 million zlotys ($238 million) from 3.85 billion a year earlier amid higher taxes and one-off charges, the company said Friday. Polish KGHM May Need to Borrow to Finance Dividend, Investments
Poland's copper miner KGHM Polska Miedz SA (KGH.WA) may be forced to borrow money to finance both its investment plans and a dividend payout, the company's Chief Executive Herbert Wirth said Friday. Sumitomo Metal Mining: Expect Copper Mine Devt Cost In Chile To Increase To $3.9B From $2.9B
Sumitomo Metal Mining Co. (>> Sumitomo Metal Mining Co., Ltd.) and Sumitomo Corp. (>> Sumitomo Corp) said Friday they now estimate more than a 30% increase in investment in the Sierra Gorda copper mine project in Chile than initially foreseen, due to higher construction costs. Glencore Merger With Xstrata Won't Complete By March 15 >GLEN.LN XTA.LN
Swiss commodities giant Glencore International PLC (>> Glencore International Plc) said Friday its merger with Xstrata PLC (>> Xstrata AG) won't complete by March 15 due to the on-going regulatory process and the Xstrata Court timetable. MARKETS: Comex Copper Slumps on Weaker China Data, Rise in Stockpiles
Copper futures on Friday slumped to three-month lows after data showed manufacturing growth in the No. 1 consumer of the metal cooled in February.
Stocks mentioned in the article : Rio Tinto plc, Xstrata AG, Sumitomo Metal Mining Co., Ltd., Glencore International Plc,Sumitomo Corp
Rio Tinto PLC (>> Rio Tinto plc) and Mongolia have agreed to continue funding the US$6.2 billion Oyu Tolgoi copper and gold mine in the Gobi Desert, keeping it on track to begin producing in June as they try to resolve a dispute over costs. Oyu Tolgoi Funding to Continue Amid Government Talks
Rio Tinto PLC (>> Rio Tinto plc) and Mongolia have agreed to continue funding the US$6.2 billion Oyu Tolgoi copper and gold mine in the Gobi Desert, keeping it on track to begin producing in June as they try to resolve a dispute over costs. Chile's Escondida 2012 Copper Output Up 31.3% to 1,075,825 Tons
Production at the world's largest copper mine, Escondida, controlled by global diversified mining company BHP Billiton Ltd. (BHP, BHP.AU), rose 31.3% in 2012 to 1,075,825 metric tons, the company said Friday. Polish KGHM 4Q Net Profit Shrinks More Than Expected
Polish copper miner KGHM Polska Miedz SA's (KGH.WA) fourth quarter standalone net profit shrinked 80% to 753 million zlotys ($238 million) from 3.85 billion a year earlier amid higher taxes and one-off charges, the company said Friday. Polish KGHM May Need to Borrow to Finance Dividend, Investments
Poland's copper miner KGHM Polska Miedz SA (KGH.WA) may be forced to borrow money to finance both its investment plans and a dividend payout, the company's Chief Executive Herbert Wirth said Friday. Sumitomo Metal Mining: Expect Copper Mine Devt Cost In Chile To Increase To $3.9B From $2.9B
Sumitomo Metal Mining Co. (>> Sumitomo Metal Mining Co., Ltd.) and Sumitomo Corp. (>> Sumitomo Corp) said Friday they now estimate more than a 30% increase in investment in the Sierra Gorda copper mine project in Chile than initially foreseen, due to higher construction costs. Glencore Merger With Xstrata Won't Complete By March 15 >GLEN.LN XTA.LN
Swiss commodities giant Glencore International PLC (>> Glencore International Plc) said Friday its merger with Xstrata PLC (>> Xstrata AG) won't complete by March 15 due to the on-going regulatory process and the Xstrata Court timetable. MARKETS: Comex Copper Slumps on Weaker China Data, Rise in Stockpiles
Copper futures on Friday slumped to three-month lows after data showed manufacturing growth in the No. 1 consumer of the metal cooled in February.
Stocks mentioned in the article : Rio Tinto plc, Xstrata AG, Sumitomo Metal Mining Co., Ltd., Glencore International Plc,Sumitomo Corp
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