(Refiles to fix embedded graphic)* FTSE 100 down 0.7 pct* Turkey currency crisis, Russian rouble slide weigh* Russian gold miner Evraz down 6.6 pct* Miners fall as copper slides on stronger dollar* FTSE 100 and sterling correlation weakens: https://reut.rs/2OkPhOiBy Helen ReidLONDON, Aug 10 (Reuters) - Anxiety over emerging market assets sent Britain's FTSE 100 tumbling on Friday as a currency c...Read More
Aug 10 (Reuters) - Aluminium producer Hindalco Industries Ltd HALC.NS posted a 43 percent jump in first-quarter profit on Friday, but missed analysts' estimates.Profit was 4.14 billion rupees ($60.07 million) in the three months through June 30, compared with 2.90 billion rupees a year earlier, the company said in a statement https://www.nseindia.com/corporate/NSERESULTS_10082018140537.zip.Analy...Read More
SANTIAGO, Aug 10 (Reuters) - Four of the five labor unions representing workers at the El Teniente copper mine in Chile have accepted the latest contract offer from state mining company Codelco, union leaders told Reuters."The contract was approved by an ample margin after the company improved its offer," said Guillermo Lemaitre, president of the main labor union involved in the negotia...Read More
Chile's owned Codelco, the world's No.1 copper producer, has approved a scaled-back version of an ambitious, but necessary plan to convert its open pit Chuquicamata mine into an underground operation.Century-old Chuquicamata, the company's second largest copper operation by size, is running out of profitable ore and has to switch to an underground mine. This will allow Codelco keep production rate...Read More
Barrick Gold Corp. Executive Chairman John Thornton says the Canadian miner is looking at its copper assets "very seriously" to see if it makes sense to form a copper company with one or two partners, most likely from China."The question for us on copper is, 'Can you take the copper assets, combine them with another party, or even two parties and build a first-tier global copper company over time?...Read More
* Markets worry about trade war, China crude demand* Iraq cuts selling price of crude cargoes bound for Asia* U.S. gasoline supply now seen as "sufficient" (Updates with settlement prices)By Jessica Resnick-AultNEW YORK, Aug 9 (Reuters) - Crude prices settled slightly lower on Thursday, extending the previous session's losses as the escalating China-U.S. trade dispute casts doubt over th...Read More
* NSE index up 0.18 pct, BSE index up 0.36 pct* ICICI Bank top gainer on NSE IndexAug 9 (Reuters) - Indian shares ended at record closing highs on Thursday, driven by strong gains in financial stocks such as ICICI Bank Ltd ICBK.NS and Axis Bank Ltd AXBK.NS .The benchmark BSE index .BSESN closed up 0.36 percent to 38024.37, a record high, while the broader NSE index .NSEI ended 0.18 percent hig...Read More
SHANGHAI, Aug 10 (Reuters) - Asian stock markets fell on Friday amid heightened global trade tensions, while currency markets were whipsawed by a searing selloff in Russia's rouble after the United States slapped on new sanctions, and as economic worries sent the Turkish lira tumbling.Washington said it would impose fresh sanctions because it had determined that Moscow had used a nerve agent again...Read More
LUSAKA, Aug 9 (Reuters) - Vedanta Resources ' VED.L Zambian unit said on Thursday work at its Konkola Copper Mine was stopped after one miner was killed in an underground accident to allow for investigations into the incident, the company said.In July production was halted at the same shaft, shaft 4, after a miner died in an accident.Vedanta said in June it planned to double copper production at...Read More
* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh* Rouble extends drop to 4 percent after new U.S. sanctions* Turkey's lira hits record low as U.S. tensions mount* Oil steadies after swoon* NZ dollar dives as central bank stays loose* Pound stuck at 1 year low on Brexit concernsBy Marc JonesLONDON, Aug 9 (Reuters) - Alarm bells were ringing on Thursday as new U.S. sanctions drove down Rus...Read More
* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh* Rouble extends drop to 4 percent after new US sanctions* Turkey's lira hits record low as U.S. tensions mount* Oil steadies after swoon* NZ dollar dives as central bank stays loose* Pound stuck at 1 year low on Brexit concernsBy Marc JonesLONDON, Aug 9 (Reuters) - Alarm bells were ringing on Thursday as harsh new U.S. sanctions drove drov...Read More
(Adds details)NEW DELHI, Aug 9 (Reuters) - India's environment court on Thursday granted Vedanta Ltd VDAN.NS conditional access to its copper smelter in Tamil Nadu (NS:TNNP), which was shut down by the state government two months ago on environmental grounds.The court said Vedanta employees could enter the smelter premises for "administrative purposes" but the company was not allowed to resume ope...Read More
* Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh* Rouble extends drop to 4 percent after new US sanctions* Turkey's lira hits record low as U.S. tensions mount* Oil steadies after swoon* NZ dollar dives as central bank stays loose* Pound stuck at 1 year low on Brexit concernsBy Marc JonesLONDON, Aug 9 (Reuters) - European stock markets struggled on Thursday with trade war worries, Russia...Read More
NEW DELHI, Aug 9 (Reuters) - India's environment court on Thursday granted Vedanta Ltd VDAN.NS conditional access to its copper smelter in Tamil Nadu (NS:TNNP), more than two months after the southern state shut the plant down.The court will resume hearing on the case on Aug. 20.The Tamil Nadu government ordered the permanent closure of the Thoothukudi plant and disconnected its power supply in Ma...Read More
* Asia share markets mixed, China up on stimulus hopes* Sino-U.S. trade tensions keep mood cautious* Oil prices steady after sliding 3 pct overnight* Russian rouble slugged by sanctions, NZ dollar by dovish RBNZBy Wayne ColeSYDNEY, Aug 9 (Reuters) - Asian share markets found support on Thursday as a rally in Chinese stocks helped offset the latest escalation in the Sino-U.S. trade war, while Russi...Read More
EMR snaps up third copper mine, this time in ChileCopper NewsLook beyond market approach to project valuations: van ZylLeadershipPolarX points to upsideSPONSOREDpolarx ltdChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroft Azure Capital and Terrafranca Advisory have got the debt gig, with previous prefeasibility work pointing to a develop...Read More
EMR snaps up third copper mine, this time in ChileCopper NewsLook beyond market approach to project valuations: van ZylLeadershipPolarX points to upsideSPONSOREDpolarx ltdChile's reputation as LatAm go-to destination faces long-term threats - AnalysisSPONSOREDverisk maplecroft"The actual impact of measures announced to date is limited, but the effect on prices has been significant and investor...Read More
LUSAKA, Aug 9 (Reuters) - Vedanta Resources' Zambian unit said on Thursday work at its Konkola Copper Mine was stopped after one miner was killed in an underground accident to allow for investigations into the incident, the company said. In July production was halted at the same shaft, shaft 4, after a miner died in an accident.Vedanta said in June it planned to double copper production at Konkola...Read More
Aug 9 (Reuters) - Canadian miner Nevsun Resources Ltd on Thursday urged its shareholders to reject a hostile C$1.4 billion ($1.07 billion) offer from rival Lundin Mining Corp, and said the board was evaluating other potential alternatives.Lundin took its all-cash offer of C$4.75 per share directly to Nevsun shareholders on July 26, after its five previous proposals were rejected by the company.V...Read More
Perth-based junior, Sunstone Metals, is selling its Viscaria Copper Project to Copperstone Resources AB, a copper focused exploration company based in Sweden, for US$30.3 million. The project will be run as partnership between the two companies and will be named the Viscaria Copper Project. The two companies have just signed a non-biding letter of intent. Completion of the deal is subject to closi...Read More