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Chile's SQM says will boost annual lithium hydroxide capacity 7,500 tonnes

Commodity News - Wed, 09/21/2016 - 18:47
SANTIAGO, Sept 21 (Reuters) - Chilean fertilizer and chemical producer SQM will invest around $30 million by the end of 2017 to increase its annual lithium hydroxide production capacity by 7,500 tonnes, the company said in a press release on Wednesday.
Categories: Top Market Blogs

Big gold miners see muted M&A as bullion's rise limits bargains

Commodity News - Wed, 09/21/2016 - 14:26
COLORADO SPRINGS, Colo., Sept 21 (Reuters) - The world's biggest gold miners will stay shy of big acquisitions, top executives said this week, noting that a jump in the price of bullion has made potential purchases pricey, and memories of failed deals linger.
Categories: Top Market Blogs

Ghana could be Africa's number four oil producer by 2020 -report

Commodity News - Wed, 09/21/2016 - 14:24
ACCRA, Sept 21 (Reuters) - Ghana could become the fourth biggest oil producer in sub-Saharan Africa by 2020 once two new offshore fields come on stream, to push total output above 240,000 barrels per day (bpd), pan-African bank Ecobank said on Wednesday.
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Brazil's raging forest fires threaten indigenous land, uncontacted tribes

Commodity News - Wed, 09/21/2016 - 13:12
RIO DE JANEIRO, Sept 21 (Thomson Reuters Foundation) - F orest fires raging in northeast Brazil are forcing indigenous people out of their traditional territories and threatening uncontacted tribes, an indigenous leader said on Wednesday.
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Ontario strikes deal with Bedrock to restructure U.S. Steel Canada

Commodity News - Wed, 09/21/2016 - 11:32
TORONTO, Sept 21 (Reuters) - The province of Ontario said on Wednesday that it has signed an agreement with equity fund Bedrock Industries LP to restructure U.S. Steel Canada, but the deal still requires approval from other stakeholders and a Canadian court.
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FEATURE -Ugandan villagers locked out of forest waiting for the 'promised land'

Commodity News - Wed, 09/21/2016 - 09:00
BUKALEBA FOREST RESERVE, Uganda, Sept 21 (Thomson Reuters Foundation) - D eep within a pine and eucalyptus forest on the shores of Lake Victoria in southern Uganda, a parcel of land is pitting a Norwegian timber company against more than 10,000 villagers who say its "green" project is costing their homes and livelihood.
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UPDATE 1-Strong demand for $904 mln IPO of India's ICICI Pru Life

Commodity News - Wed, 09/21/2016 - 08:48
* ICICI Pru Life's IPO biggest in India in six years (Updates subscription, adds IPO market outlook)
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Sri Lankan shares recover after four sessions of losses

Commodity News - Wed, 09/21/2016 - 08:16
COLOMBO, Sept 21 (Reuters) - Sri Lankan shares edged up on Wednesday following four straight sessions of losses, as investors shrugged off the impact of a proposed increase in value added tax to pick up battered shares, amid high turnover.
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UPDATE 1-VW investors seek $9 bln in damages over emissions scandal-court

Commodity News - Wed, 09/21/2016 - 07:52
* Filings with regional court near VW's headquarters (Adds details on new complaints)
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Tale of Eldorado does little to dampen Brazilian bond allure

Commodity News - Wed, 09/21/2016 - 06:14
LONDON/SAO PAULO, Sept 21 (Reuters) - Eldorado may offer a cautionary tale for investing in Brazilian bonds, yet a 20 percent fall in the pulpmaker's debt since it borrowed $350 million in June has not reduced appetite for the country's corporate credit.
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China Benxi Steel no longer in stake auction list amid talk of merger

Commodity News - Wed, 09/21/2016 - 04:48
SHANGHAI, Sept 21 (Reuters) - China's Benxi Iron and Steel Group is no longer part of an auction to sell stakes in state-owned firms to strategic investors, an official list shows, amid rumours that a long postponed merger with local rival Anshan Iron and Steel (Angang) is set to resume.
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UPDATE 1-Japan August crude steel output up for 5th month on lower stocks

Commodity News - Wed, 09/21/2016 - 04:31
* Output of small steel bars falls for 24th month (Adds details and quotes)
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UPDATE 1-Philippines to suspend over 10 more mines in environmental crackdown - minister

Commodity News - Wed, 09/21/2016 - 01:51
MANILA, Sept 21 (Reuters) - The Philippines will suspend more than 10 additional mines in an ongoing environmental crackdown on the sector but the announcement of who will be shut has been moved to Sept. 26, the minister in charge of mining said on Wednesday.
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Philippines to suspend over 10 more mines in environmental crackdown - minister

Commodity News - Wed, 09/21/2016 - 01:12
MANILA, Sept 21 (Reuters) - The Philippines will suspend more than 10 additional mines in an ongoing environmental crackdown on the sector but the announcement of who will be shut has been moved to Sept. 26, the minister in charge of mining said on Wednesday.
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Hong Kong stocks rise, China flat; markets look ahead to Fed,

Commodity News - Wed, 09/21/2016 - 00:56
SHANGHAI, Sept 21 (Reuters) - Hong Kong stocks were firm on Wednesday morning ahead of the Federal Reserve's policy meeting, while persistent sluggishness in China's equity market helped to extend the flow of mainland money into Hong Kong.
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China chemical accidents cause 199 deaths from Jan-Aug - Greenpeace

Commodity News - Wed, 09/21/2016 - 00:39
SHANGHAI, Sept 21 (Reuters) - China had 232 chemical-related accidents from January to August this year, causing 199 deaths and 400 injuries, according to research from the environmental group Greenpeace published on Wednesday.
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HIGHLIGHTS-Thomson Reuters/INSEAD Q3 Asian Business Sentiment Survey -by economy

Commodity News - Tue, 09/20/2016 - 23:00
Sept 21 (Reuters) - Optimism among Asia-Pacific companies rose for the third straight quarter in July-September 2016 on signs China's growth is stabilising, although they remained wary of risks from volatile oil prices and the outcome of the U.S. presidential election, a Thomson Reuters/INSEAD survey showed.
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HIGHLIGHTS-Thomson Reuters/INSEAD Q3 Asian Business Sentiment Survey -by sector

Commodity News - Tue, 09/20/2016 - 23:00
Sept 21 (Reuters) - Business sentiment at Asian companies rose to its highest level in more than a year in the third quarter, buoyed by signs that China's economy is stabilising and as Brexit concerns receded.
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Salary of BHP CEO cut in half after Brazil mine disaster

Commodity News - Tue, 09/20/2016 - 21:38
SYDNEY, Sept 21 (Reuters) - BHP Billiton Chief Executive Andrew Mackenzie's annual salary was cut in half following the Samarco dam disaster in Brazil that claimed 19 lives and caused widespread environmental damage, the global miner said.
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RPT-COLUMN-The lithium supply battle starts to heat up: Andy Home

Commodity News - Tue, 09/20/2016 - 21:00
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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