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UPDATE 1-Philippines will not allow Tampakan mine to operate as open-pit -minister

Commodity News - Wed, 07/27/2016 - 02:36
* Govt has suspended 7 mines, may shut more amid complaints (Adds comments on possible closure of more mines, background)
Categories: Top Market Blogs

UPDATE 1-China offers more funds for 'difficult' steel cuts - state planner

Commodity News - Wed, 07/27/2016 - 02:04
BEIJING/SHANGHAI, July 27 (Reuters) - China is facing extreme difficulties in its bid reduce overcapacity in the steel industry and will provide more funds to help handle layoffs and debts, the country's state planner said in a statement on its website on Wednesday.
Categories: Top Market Blogs

COLUMN-China iron ore miners' call for import protection is ironic, distracting: Russell

Commodity News - Wed, 07/27/2016 - 01:50
LAUNCESTON, Australia, July 27 (Reuters) - There is something of a delicious irony in China's iron ore miners complaining of dumping by foreign producers, but what it really underscores is the multitude of challenges facing the world's biggest steel industry.
Categories: Top Market Blogs

UPDATE 1-BASF's Q2 profit fall on weak oil, crop chemicals units

Commodity News - Wed, 07/27/2016 - 01:42
FRANKFURT, July 27 (Reuters) - Chemical company BASF's adjusted operating profit dropped 16 percent in the second quarter, hurt by a slump in oil and gas unit and by weak demand for its agricultural pesticides.
Categories: Top Market Blogs

BASF's Q2 profit fall on weak oil, crop chemicals units

Commodity News - Wed, 07/27/2016 - 01:21
FRANKFURT, July 27 (Reuters) - Chemical company BASF's adjusted operating profit dropped 16 percent in the second quarter, hurt by a slump in oil and gas unit and by weak demand for its agricultural pesticides.
Categories: Top Market Blogs

UPDATE 1-Fortescue cuts iron ore production cost target

Commodity News - Tue, 07/26/2016 - 20:46
* Debt down to $5.2 billion (Adds iron ore prices, CEO comment, dumping accusation)
Categories: Top Market Blogs

RPT-Australia farmers defer wheat sales, hope for La Nina-led price rally

Commodity News - Tue, 07/26/2016 - 17:52
SYDNEY, July 26 (Reuters) - Australian farmers are holding on to their wheat stocks and refraining from locking in deals for future sales, on hopes a La Nina weather event later this year will dent global output and lift prices from current 10-year lows.
Categories: Top Market Blogs

EXCLUSIVE-Barrick Gold weighs sale of $1.9 bln Acacia stake - sources

Commodity News - Tue, 07/26/2016 - 12:52
TORONTO/VANCOUVER, July 26 (Reuters) - Barrick Gold Corp , the world's largest gold producer, is weighing a sale of its majority stake in African unit Acacia Mining Plc and has approached several South African miners, according to sources familiar with the situation.
Categories: Top Market Blogs

Land used for palm oil could double without damaging forests - researchers

Commodity News - Tue, 07/26/2016 - 12:00
RIO DE JANEIRO, July 26 (Thomson Reuters Foundation) - The area covered by palm oil plantations worldwide could double without damaging protected areas or sensitive forests, Austrian researchers said on Tuesday.
Categories: Top Market Blogs

CANADA STOCKS-TSX's gold miners, banks help index gain

Commodity News - Tue, 07/26/2016 - 10:18
TORONTO, July 26 (Reuters) - Canada's main stock index made gains on Tuesday, helped by rising gold miners and other materials stocks as well as financials, while worries about oversupply of oil weighed on some energy names.
Categories: Top Market Blogs

UPDATE 2-Freeport-McMoRan to issue up to $1.5 bln of stock, shares fall

Commodity News - Tue, 07/26/2016 - 10:03
July 26 (Reuters) - Freeport-McMoRan Inc said on Tuesday it plans to issue up to $1.5 billion of shares to help cut debt as the U.S. miner and oil producer also reported a slightly bigger-than-expected loss, sending its shares down as much as 7 percent.
Categories: Top Market Blogs

Belgian scientists make novel water-from-urine machine

Commodity News - Tue, 07/26/2016 - 09:03
BRUSSELS, July 26 (Reuters) - A team of scientists at a Belgian university say they have created a machine that turns urine into drinkable water and fertilizer using solar energy, a technique which could be applied in rural areas and developing countries.
Categories: Top Market Blogs

Poland says lines up third investor as coal miner KHW needs more funds

Commodity News - Tue, 07/26/2016 - 08:21
KATOWICE, Poland, July 26 (Reuters) - Poland has lined up a third investor for one of its troubled state-run coal mining groups, KHW, to limit the amount of money Weglokoks and Enea need to invest, the country's deputy energy minister said on Tuesday.
Categories: Top Market Blogs

Miner Freeport-McMoRan reports smaller quarterly loss

Commodity News - Tue, 07/26/2016 - 08:07
July 26 (Reuters) - Diversified U.S. miner and oil producer Freeport-McMoRan Inc reported a smaller quarterly loss as aggressive cost cutting helped counter a near 20 percent drop in copper prices.
Categories: Top Market Blogs

Yemen's ancient art of brickmaking endures war

Commodity News - Tue, 07/26/2016 - 08:00
SANAA, July 26 (Reuters) - Traditional mud brick tower houses have always been a source of pride to Yemenis, and over a year into a devastating civil war, they are also providing some much-needed jobs in the ancient capital Sanaa.
Categories: Top Market Blogs

UPDATE 2-DuPont profit beats as lower costs boost margins

Commodity News - Tue, 07/26/2016 - 07:03
* Lowers dollar impact on FY profit to 15 cents from 20 cents
Categories: Top Market Blogs

UPDATE 2-Chinese miners call for anti-dumping probe into iron ore imports

Commodity News - Tue, 07/26/2016 - 06:38
SHANGHAI, July 26 (Reuters) - Chinese iron ore miners have called for an anti-dumping investigation into imports of the steelmaking raw material from top suppliers Australia and Brazil.
Categories: Top Market Blogs

DuPont profit rises 8.5 percent as costs fall

Commodity News - Tue, 07/26/2016 - 06:08
July 26(Reuters) - Chemicals and seeds producer DuPont reported an 8.5 percent rise in quarterly profit, helped by lower costs.
Categories: Top Market Blogs

UPDATE 1-China net gold imports via Hong Kong fall 38.5 pct in June

Commodity News - Tue, 07/26/2016 - 05:28
July 26 (Reuters) - Top consumer China's net gold imports via main conduit Hong Kong fell 38.5 percent in June, a month after hitting its highest for the year, data showed on Tuesday.
Categories: Top Market Blogs

China's Hebei to cut more than 31 mln T of iron, steel capacity in 2016

Commodity News - Tue, 07/26/2016 - 04:57
BEIJING, July 26 (Reuters) - China's top steelmaking province Hebei plans to cut more than 31 million tonnes of combined iron and steel production capacity in 2016, the official Xinhua news agency reported on Tuesday.
Categories: Top Market Blogs

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