Top Market Blogs

Florida sinkhole to cost Mosaic up to $50 million to fix

Commodity News - Tue, 09/20/2016 - 11:49
Sept 20 (Reuters) - A massive leak of contaminated water through a sinkhole at a Mosaic Co fertilizer facility in Florida will cost it $20 million to $50 million to fix, a company executive said on Tuesday.
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As Mongolia teeters, bond investors bank on China for bailout

Commodity News - Tue, 09/20/2016 - 10:27
HONG KONG/LONDON, Sept 20 (Reuters) - Holders of Mongolia's high-yielding dollar bonds are looking beyond a sharp rise in sovereign default risks on a bet that China or the International Monetary Fund (IMF) will help the once-booming commodity producer to stay solvent.
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Ivory trade debate resurfaces as southern Africa's elephants thrive

Commodity News - Tue, 09/20/2016 - 09:30
* Southern African elephant populations growing or stabilizing
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GRAPHIC-Credit Suisse sees scope for UK mining dividend rise

Commodity News - Tue, 09/20/2016 - 08:57
LONDON, Sept 20 (Reuters) - Dividend yields at British mining companies have hit a five-year low just as cash flows in the sector improve, prompting some analysts to call for higher payouts as early as next year.
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COLUMN-The lithium supply battle starts to heat up: Andy Home

Commodity News - Tue, 09/20/2016 - 08:56
Not a day goes by without an exploration company telling us about an exciting development on their property, which is now a lithium prospect irrespective of what minerals were originally being hunted.
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Poland aims to have 1 mln electric cars on its roads by 2025

Commodity News - Tue, 09/20/2016 - 08:48
WARSAW, Sept 20 (Reuters) - Poland aims to have 1 million electric cars on its roads by 2025 as it seeks to cut carbon emissions from transport and will offer tax and other incentives, the energy ministry said on Tuesday.
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India's Adani buys Australian port operator from Glencore

Commodity News - Tue, 09/20/2016 - 08:11
MUMBAI, Sept 20 (Reuters) - A unit of India's Adani Enterprises Ltd will buy the company that operates Australia's Abbot Point Coal Terminal from Glencore Plc for A$19.25 million dollars ($14.52 million), ending a legal wrangle over control of the port.
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Emerging equity rally brightens IPO outlook

Commodity News - Tue, 09/20/2016 - 08:07
LONDON, Sept 20 (Reuters) - A stock market rally is breathing fresh life into equity capital markets across developing countries, with bankers predicting some long-awaited IPO deals will finally get off the starting blocks in coming months.
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Sri Lankan shares fall for 4th straight session; VAT proposal weighs

Commodity News - Tue, 09/20/2016 - 07:32
COLOMBO, Sept 20 (Reuters) - Sri Lankan shares fell for a fourth straight session on Tuesday, led by large caps, as selling pressure on stocks expected to take a hit from a proposed tax increase weighed on sentiment.
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Sika CEO says he'll quit if Saint-Gobain takeover bid succeeds

Commodity News - Tue, 09/20/2016 - 07:11
* CEO sees no amicable solution, says deal would destroy growth
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Cost-conscious major miners look to agility of junior explorers

Commodity News - Tue, 09/20/2016 - 06:25
LONDON, Sept 20 (Reuters) - Tight budgets and nervous investors have convinced major miners that a cheap, timely way to ensure a strong pipeline of quality assets is to team up with junior, more nimble exploration firms.
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UPDATE 1-China's first debt-to-equity swap plan approved - report

Commodity News - Tue, 09/20/2016 - 04:23
SHANGHAI, Sept 20 (Reuters) - China's state-owned metals trader Sinosteel will be permitted to swap 27 billion yuan ($4.05 billion) of debt into equity convertible bonds, the online financial magazine Caixin reported on Tuesday citing anonymous sources.
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Indonesia rejects U.S. research estimate of 100,000 "haze" deaths

Commodity News - Tue, 09/20/2016 - 04:19
JAKARTA, Sept 19 (Reuters) - Harvard and Columbia university research showing smoke from land fires in Southeast Asia led to more than 100,000 premature deaths last year "makes no sense at all," an official at Indonesia's Health Ministry said on Wednesday.
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China freezes Trafigura's investment in copper smelter as part of oil probe

Commodity News - Tue, 09/20/2016 - 00:47
BEIJING, Sept 20 (Reuters) - The Chinese authorities have frozen part of commodity trader Trafigura's investment in a Chinese copper smelter as part of a years-long probe into the Swiss firm's oil trading, according to documents from the police and banks reviewed by Reuters.
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Tokyo Steel cuts October prices by up to 13 pct amid soft demand

Commodity News - Mon, 09/19/2016 - 23:54
TOKYO, Sept 20 (Reuters) - Tokyo Steel Manufacturing Co Ltd , Japan's top electric arc furnace steelmaker, said it would slash prices of its products for October delivery by up to 13 percent to reflect soft local demand and weakening overseas prices.
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Takata shares tank after report some bidders considering bankruptcy proceedings

Commodity News - Mon, 09/19/2016 - 21:35
TOKYO, Sept 20 (Reuters) - Shares in Takata Corp fell as much as 9 percent on Tuesday after a Bloomberg report that some of the company's bidders are considering the possibility of some form of bankruptcy proceedings for the troubled Japanese air bag maker.
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Lotte boss appears for questioning in S.Korea corporate probe

Commodity News - Mon, 09/19/2016 - 21:33
SEOUL, Sept 20 (Reuters) - South Korean prosecutors on Tuesday questioned Lotte Group Chairman Shin Dong-bin, the most senior executive to face interrogation as part of a sweeping criminal probe into the country's fifth-largest conglomerate.
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UPDATE 2-Barrick says Argentina mine may resume within two weeks

Commodity News - Mon, 09/19/2016 - 16:42
DENVER, Sept 19 (Reuters) - Barrick Gold's Veladero gold mine in Argentina, one of its five core mines, could resume operations in the next two weeks, Barrick President Kelvin Dushnisky said in an interview on Monday.
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UPDATE 1-Barrick could meet 2016 debt cut target from cash flow -president

Commodity News - Mon, 09/19/2016 - 16:24
DENVER, Sept 19 (Reuters) - Barrick Gold expects to be able to reach its target of reducing debt by $2 billion by year-end even without selling any assets, company President Kelvin Dushnisky said on Monday.
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Barrick could meet 2016 debt cut target from cash flow -president

Commodity News - Mon, 09/19/2016 - 15:26
DENVER, Sept 19 (Reuters) - Barrick Gold expects to be able to reach its target of reducing debt by $2 billion by year-end even without selling any assets, company President Kelvin Dushnisky said on Monday.
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