Marubeni gets $3 billion from Gavilon grain business sale

TOKYO, Oct 4 (Reuters) – Japanese trading company Marubeni Corp (8002.T) said on Tuesday it had so far received $3 billion from the sale of US unit Gavilon’s grain business to commodities trader Glencore Plc’s (GLEN.L) Viterra arm. Under the deal, which was announced in January and completed on Monday, Marubeni had received $3 billion … Read more

Peru proposes ‘new approach’ to mining to combat economic disparities, conflicts.

LIMA, Sept 30 (Reuters) – Peru’s government proposed on Friday “a new approach” for mining companies to end social gaps and avoid conflicts in the sector, a measure taken after several conflicts in the country in recent months. Prime Minister Anibal Torres said during a conference between executives of large mining firms that the new … Read more

JPMorgan, ICBC Standard pull back from China metal financing, Bloomberg reports

Aluminum ingots are seen outside a warehouse that stores London Metal Exchange stocks in Port Klang Free Zone, outside Kuala Lumpur, March 23, 2015. REUTERS/Olivia Harris/File Photo Register now for FREE unlimited access to Register Sept 16 (Reuters) – JPMorgan Chase & Co and ICBC Standard Bank Plc are cutting back on financing China’s … Read more

Analysis: Industrial users flee LME nickel, deepening market fissures

Traders work on the floor of the London Metal Exchange, in London, Britain September 27, 2018. REUTERS/Simon Dawson/File Photo Register now for FREE unlimited access to Register Nickel deliverable against LME contract only 21% of market Nickel pig iron 50% of global market LONDON, Sept 14 (Reuters) – The London Metal Exchange faces a … Read more

Chile launches plan to boost investment to address weakened economy

A general view of buildings at a business district in Santiago, Chile May 19, 2017. EUTERS/Ivan Alvarado Register now for FREE unlimited access to Register Sept 12 (Reuters) – Chile’s government launched a plan on Monday to promote investment into 2023 that includes an array of tax breaks for the world’s largest copper producing … Read more

Business travel budgets rising as firms use 2019 as spending benchmark -CWT

A meeting room outfitted with airtight glass panels is pictured at short-stay facility [email protected], a complex of hotel rooms and meeting halls near the airport which will welcome business “bubble” travelers from March, as part of the city-state’s effort to resume international meetings and conferences amid the coronavirus disease (COVID-19) outbreak, in Singapore February 22, … Read more

S.Korea warns of ‘very strong’ typhoon, businesses curb operations

Register now for FREE unlimited access to Register SEOUL, Sept 5 (Reuters) – South Korea issued warnings on bad weather and raised its typhoon alert level to its highest as typhoon Hinnamnor approached on Monday, with heavy rain and strong wind already lashing southern parts of the country. Responding to the progress of the … Read more

Brazil regulator greenlights sale of Holcim’s local business to CSN

SAO PAULO, Aug 17 (Reuters) – Brazil’s antitrust regulator CADE on Wednesday approved the sale of Holcim AG’s ( HOLN.S ) local cement business to steelmaker Cia Siderurgica Nacional ( CSNA3.SA ) with no restriction, allowing the $1.025 billion deal to be completed. CSN first announced the acquisition of LafargeHolcim Brasil in September 2021 as … Read more

Chile dictates measures against mining companies for giant sinkholes

A sinkhole that was exposed last week has doubled in size, at a mining zone close to Tierra Amarilla town, in Copiapo, Chile, August 7, 2022. REUTERS/Johan Godoy NO RESALES. NO ARCHIVES. Register now for FREE unlimited access to Register SANTIAGO, Aug 16 (Reuters) – Chile’s SMA environmental regulator said on Tuesday it had … Read more

Turquoise Hill rejects Rio’s $2.7 billion offer for the rest of the company

The Rio Tinto logo is displayed on a visitor’s helmet at a borates mine in Boron, California, US, November 15, 2019. REUTERS/Patrick T. Fallon Register now for FREE unlimited access to Register Aug 15 (Reuters) – Turquoise Hill Resources Ltd (TRQ.TO) said on Monday its special committee terminated a review of Rio Tinto Ltd’s … Read more