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Reuters

Poland's JSW sticks to share issue plan despite coal price surge

10th March 2017 Poland's coking coal producer JSW will pursue a plan to issue more shares, it said on Friday, bucking analysts' expectations it would drop the plan given a surge in coal prices and improving results. "We plan to issue (shares)," a JSW spokeswoman said in an e-mail to Reuters on Friday. 

Electric vehicles won't depose stainless in nickel demand dynamics

10th March 2017 Investors hoping for explosive nickel demand growth, in tandem with the electric vehicle (EV) revolution, could well be disappointed as any increase is seen as unlikely to change a market dominated by stainless steel producers. Some watching the frenzy of interest in battery materials such as... 

China iron ore eyes worst week in nearly 3 months as port stocks climb

10th March 2017 Iron-ore futures in China were little changed on Friday, but were headed for their biggest weekly drop since December as the rally in steel prices lost steam and stockpiles of iron ore at Chinese ports rose to the most in at least 13 years. Iron-ore prices have rallied with steel this year... 

Canadian industrial capacity rises on mining, quarrying gains

10th March 2017 Canada's industrial capacity rose to its highest level in two years in the fourth quarter, lifted by gains in the mining and quarrying sector and a rebound in construction, data from Statistics Canada showed on Thursday. Capacity utilisation increased to 82.2% in the final three months of 2016... 

Mexico eyes US market for Trion project's crude, natural gas

10th March 2017 A pipeline network with spare capacity could allow Mexico to export oil and gas from its flagship offshore Trion project to the United States, the head of Mexico's oil regulator said on Thursday.The deep water Trion development, with prospective reserves of almost 500 million barrels of oil, was... 

VW, Tata sign accord to explore cooperation – sources

9th March 2017 Volkswagen has signed a memorandum of understanding (MoU) with Tata Motors to explore cooperation in India, sources close to the matter said, as the German carmaker takes a fresh attempt at conquering low-cost markets. The MoU will enable both carmakers to deepen exchanges about technology,... 

China steel, iron-ore hit one-month lows as sentiment sours

9th March 2017 Iron-ore and steel futures in China fell to one-month lows on Thursday as investors pared back positions after pushing both commodities to multi-year highs last month. Amid stronger prices of steel and other raw materials last month, China's producer price inflation accelerated to its fastest... 

French minister rebukes LafargeHolcim over Trump wall comment

9th March 2017 Swiss-French cement maker LafargeHolcim should think twice about supplying cement for the wall US President Donald Trump plans to build on the border with Mexico, French Foreign Minister Jean-Marc Ayrault said on Thursday. Trump's plan has caused a diplomatic crisis with Mexico, and in an... 

At least 17 firms express interest to operate Botswana national airline

9th March 2017 At least 17 companies have expressed an interest in operating Air Botswana as the government embarks on its latest drive to privatise loss-making state companies. The transport department invited expressions of interest last month, saying it was open to proposals on various forms of privatisation... 

Exxon to buy stake in gas block offshore Mozambique for $2.8bn

9th March 2017 Exxon Mobil Corp said on Thursday it would buy a 25% stake in a natural gas-rich block, offshore Mozambique, from Italy's Eni for $2.8-billion in cash. The offshore gas reserves discovered by Eni in Mozambique are large enough to need a giant liquefied natural gas (LNG) export plant. 

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