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Japan copper buyers not seeking alternatives to closed Indonesia mine
ReutersTOKYO, May 22 (Reuters) - Japanese buyers of copper ore from Indonesia's Grasberg mine have stockpiles at the closed mine and a port in the area, and have no immediate plans to buy from other suppliers, a mining industry association in Japan said on...Tags: Chile, Mitsubishi Materials, Indonesia, Mining, Japan
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Freeport can't say when Indonesia mine to reopen, confirms 28 dead
ReutersJAKARTA (Reuters) - Freeport McMoRan Copper and Gold Inc said it will not restart production at the world's second-largest copper mine in Indonesia after a tunnel collapse that killed 28 workers until it is convinced of the mine's safety. Arizona-based...Tags: Jakarta (Indonesia), Singapore, Disasters and Accidents, Gold and Precious Material, Indonesia
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End of Australia's resources boom hits investment in sector
ReutersSYDNEY, May 22 (Reuters) - The end of Australia's resources boom is taking its toll on investment in the sector, with A$150 billion in planned projects delayed or cancelled since April 2012, government data shows. China's economic slowdown has squashed a...Tags: Petroleum Industry, China, Credit Ratings, Australia, Woodside Petroleum Limited
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Exclusive: Glencore's top aluminum exec to leave, first exit since takeover-sources
ReutersNEW YORK (Reuters) - Glencore Xstrata's head of aluminum, Gary Fegel, is set to leave the company, three sources said, the first high-profile departure since commodity trading giant Glencore closed its purchase of miner Xstrata this month. Fegel's...Tags: Century Aluminum Company, Non Ferrous Metal, Russia, Glencore International AG, Mining
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GLOBAL MARKETS-Shares flat ahead of Bernanke, euro edges lower
Reuters* Shares flat ahead of Bernanke testimony on Wednesday, Home Depot rallies * Dollar index firmer, but down from near 3-year high * Yen dips after Japanese minister says seeks 'balance' for currency * Commodities fall, gold and oil weaker on the day By...Tags: ING Group, Finance, Nikkei, Central Bank, Stock Market
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Rubber bullets fired at South African mine strikers, several hurt
ReutersCAPE TOWN (Reuters) - Ten striking South African miners were taken to hospital on Tuesday after being hit by rubber bullets, police said, as labour strife spread ahead of mid-year pay negotiations. As well as the violence at a chromium mine, the National...Tags: Cape Town (South Africa), Manufacturing and Engineering, Finance, Employment, Credit Ratings
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GLOBAL MARKETS-Shares edge higher but crude oil weakens
Reuters* Investors looking for clarity on Fed stimulus program * Dollar index firmer, but down from near 3-year high * Yen dips after Japanese minister says seeks 'balance' for currency * Commodities fall, gold and oil weaker on the day By Ryan Vlastelica...Tags: ING Group, Nikkei, Jamie Dimon, Upstream Oil and Gas Activities, S&P 500
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PRESS DIGEST-Australian Business News - May 20
ReutersCompiled for Reuters by Media Monitors. Reuters has not verified these stories and does not vouch for their accuracy. THE AUSTRALIAN FINANCIAL REVIEW (www.afr.com) Leighton Holdings will accelerate cost cutting initiatives to weather deteriorating...Tags: Coal, China, Loans, Science and Technology, Corporate Officers
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GLOBAL MARKETS-Shares edge higher, S&P 500 at fresh all-time high
Reuters* Investors looking for clarity on Fed stimulus program * Dollar index firmer but down from near three-year high * Yen dips after Japan minister says seeks 'balance' for currency * Commodities fall, gold and oil weaker on the day By Ryan Vlastelica...Tags: ING Group, Nikkei, Finance, Jamie Dimon, Stock Market
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COMMODITIES-Corn, wheat slump on record plantings; natgas spikes
Reuters* Corn, wheat prices set April lows as plantings surge * Oil, gold, copper slip on worries of Fed cutback * Gas rallies on demand for gas-driven air conditioning By Barani Krishnan NEW YORK, May 21 (Reuters) - Corn prices hit multi-week lows on Tuesday,...Tags: Petroleum Industry, U.S. Congress, Gold and Precious Material, Thomson Corporation, Energy Resources
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GLOBAL MARKETS-Shares end higher as eyes turn to Fed
Reuters* Investors looking for clarity on Fed stimulus program * Dollar index firmer but down from near three-year high * Yen dips after Japanese minister says seeks 'balance' for currency * Commodities fall, gold and oil weaker on the day By Ryan Vlastelica...Tags: ING Group, Nikkei, Central Bank, Jamie Dimon, S&P 500
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REUTERS SUMMIT-Buenaventura sees output up; has hopes for Conga
ReutersLIMA, May 21 (Reuters) - Peru's top precious metals miner Buenaventura sees slightly higher output in 2013 and said the stalled $4.8 billion Conga project it owns a stake in could advance after a community reservoir is built at the end of the year....Tags: Peru, Newmont Mining Corporation, Mining
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