LONDON, Oct 17 (Reuters) - British Prime Minister Theresa May and business minister Greg Clark met Ratan Tata, patriarch of the Indian Tata family, a few weeks ago as its car brand Jaguar Land Rover warns about the effect of Brexit and diesel policy, a government source said.The sprawling Tata conglomerate includes manufacturing, defence, aerospace, services and steel operations.Tata bought ailing...Read More
* U.S. crude stocks up 6.5 mln bbls in fourth weekly build -EIA* U.S. crude production dips to below 11 mln bpd* Trump gives Saudi benefit of doubt in journalist disappearance (Adds trade volumes, background)By David GaffenNEW YORK, Oct 17 (Reuters) - Oil prices fell on Wednesday, with U.S. futures settling below $70 a barrel for the first time in a month, after U.S. crude stockpiles rose 6.5 mill...Read More
* NSE index down 1.2 pct, BSE index ends 1.1 pct lower* Indiabulls Housing down 14.3 pct* Reliance Q2 results awaitedOct 17 (Reuters) - Indian shares ended more than one percent lower on Wednesday, dragged by financial stocks such as Indiabulls Housing Finance Ltd INBF.NS and Yes Bank Ltd YESB.NS amid liquidity concerns.The benchmark BSE index .BSESN closed 1.09 percent lower at 34,779.58 whil...Read More
(Adds company news items, futures)Oct 17 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 27 points higher at 7,087 on Wednesday, according to financial bookmakers, with FTSE 100 futures .FFIc1 up 0.4 percent ahead of the cash market open.* ASOS: British online fashion retailer ASOS ASOS.L narrowly beat forecasts with a 28 percent rise in 2017-18 profit, maintained guidance for its ne...Read More
Oct 17 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 27 points higher at 7,087 on Wednesday, according to financial bookmakers.* BHP: The world's biggest miner, BHP BLT.L BHP.AX , said on Wednesday its first-quarter iron ore production rose 8 percent on strong Chinese demand for high-grade ore, but cut its fiscal 2019 guidance for copper production, citing outages at key mines. ANG...Read More
One simple solution to optimize your underground operationSPONSOREDkomatsuKin reshaping path towards developmentSPONSOREDkin mining nlKasbah on cusp of tin riches at world-class AchmmachSPONSOREDkasbah resourcesNew thinking carves out strong zinc position for Europa MetalsSPONSOREDeuropa metalsDespite being a banker and one-time analyst, I have to confess cash management was never my strong suit.&...Read More
One simple solution to optimize your underground operationSPONSOREDkomatsuKin reshaping path towards developmentSPONSOREDkin mining nlKasbah on cusp of tin riches at world-class AchmmachSPONSOREDkasbah resourcesNew thinking carves out strong zinc position for Europa MetalsSPONSOREDeuropa metalsAll three companies have proposed treating beneficiated kaolin - a form of aluminous clay - with hydrochl...Read More
Freeport-McMoRan Inc.'s annual LME Week party is usually an opportunity for Chief Executive Officer Richard Adkerson to hobnob with the traders and consumers who buy copper from his mining company. At this year's event, he was surrounded by investment bankers.We are probably not going to see massive M&A from the majors in the next 12 months.With its biggest stock overhang - a deal around its flags...Read More
Oct 17 (Reuters) - Glencore Plc said its chairman Tony Hayward will no longer be attending the Future Investment Initiative conference in Saudi Arabia, confirming a report in the Financial Times.He is the latest top executive to pull out of next week's high profile conference, amid widespread concern about the fate of journalist Jamal Khashoggi.Khashoggi, a U.S. resident and Washington Post column...Read More
LUSAKA, Oct 17 (Reuters) - Mining companies operating in Zambia will still meet their operational costs even after the government imposes higher taxes in Africa's No.2 copper producer, its finance minister said on Wednesday.Mwanakatwe told parliament that even with the proposed taxes, we are confident that mining companies will be able to meet their operational costs.Zambia plans to introduce new...Read More
BHP Billiton Ltd. is boosting sales of the top-quality nickel that's needed for electric vehicle batteries, another sign the world's biggest miner is targeting more opportunities in the booming sector.Sales of refined nickel, a category that includes the premium products used for battery production, jumped 18 percent in the three months to Sept. 30 from a year earlier, according to a statement Wed...Read More
Oct 17 (Reuters) - BHP has not seen a material impact from current global trade tensions on its business but remains cautious in the near term, the world's biggest miner said on Wednesday."We closely monitor the external environment, in particular the market volatility triggered by current global trade tensions. Though we have not seen a material impact on our business, we remain cautious in the n...Read More
Acacia Mining (LON:ACA), Tanzania's No.1 gold producer, confirmed Wednesday local media reports saying that one of its staff members and a former employee were detained by the country's anticorruption authority.The company, majority owned by Barrick Gold (TSX, NYSE:ABX), updated the market later in the day, announcing that its three local subsidiaries, an employee and a former staffer had been...Read More
Anglo American Brazi'sl chief executive, Ruben Fernandes, has hinted at a potential major copper discovery on the edge of the Amazon rainforest by saying the results of an ongoing drilling campaign in the area were "very promising".He was referring to a 19,000 square kilometres-property, equivalent to the size of Israel, the company has been exploring since July and where it has already drilled si...Read More
Chile's state miner Codelco, the world's No.1 copper producer, has submitted an environmental impact assessment (EIA) for a project that would extend the productive life of its aging Salvador mine by 40 years and increase output by 30 percent.The Rajo Inca project would convert the existing mine, which has been in operation since 1959 and is due to run out of ore in 2021, to an open pit mine from...Read More
* Missing journalist case strains U.S.-Saudi ties* Iran exports 1.33 mln bpd of crude in Oct. 1-14: Refinitiv* U.S. shale output to hit record 7.7 mln bpd in Nov -EIA* U.S. crude inventories seen up for fourth week -Reuters poll* API reports U.S. crude stocks fall 2.1 mln bbls last week (Adds API data, price move)By Devika Krishna KumarNEW YORK, Oct 16 (Reuters) - Oil prices edged up in cautious t...Read More
* Co maintains annual revenue forecast of 6-8 pct* CEO says sees strong demand outlook* See spends coming back in North America - COO (Recasts, add execs' comments from news conference)By Sankalp Phartiyal and Krishna V KurupMUMBAI/BENGALURU, Oct 16 (Reuters) - Infosys Ltd INFY.NS retained its revenue forecast for the current financial year, with the chief of India's second largest IT firm sayin...Read More
Oct 16 (Reuters) - Amazon.com Inc AMZN.O is likely to buy an at least 7 percent to 8 percent stake in India's Future Retail (NS:FURE) Ltd FRTL.NS through an investment arm, CNBC-TV 18 reported, citing sources.The potential cash-and-stock deal, which is in its final stages, could be worth 25 billion rupees ($338 million) and is likely to be signed in the next two weeks, the channel https://www.cn...Read More
(The opinions expressed here are those of the author, a columnist for Reuters)* Global Copper Stocks: https://tmsnrt.rs/2OwwYKI* Stocks by Exchange: https://tmsnrt.rs/2OsdVRnBy Andy HomeLONDON, Oct 16 (Reuters) - The copper market is currently experiencing a squeeze on physical metal.This is unexpected.The London Metal Exchange (LME) price CMCU3 is treading water just above the $6,000 level, strug...Read More
One simple solution to optimize your underground operationSPONSOREDkomatsuKin reshaping path towards developmentSPONSOREDkin mining nlKasbah on cusp of tin riches at world-class AchmmachSPONSOREDkasbah resourcesNew thinking carves out strong zinc position for Europa MetalsSPONSOREDeuropa metalsCopper production rose by 1% year-on-year to 409,000 tonnes due to higher volumes at Escondida, which was...Read More