Materials Sector
ArcelorMittal welcomes deal to save French plant
Dec 01, 2012 11:41 EST
The world's top steelmaker ArcelorMittal welcomed on Saturday a deal over the future of one of its plants that the French government had threatened to nationalise.
Suu Kyi to lead Myanmar copper mine probe
Dec 01, 2012 11:36 EST
Myanmar opposition leader Aung San Suu Kyi will lead a probe into a crackdown on a protest against a Chinese-backed copper mine which will also assess the future of the contested project, the president's office said on Saturday.
Suu Kyi to head Myanmar copper mine probe
Dec 01, 2012 09:30 EST
Myanmar opposition leader Aung San Suu Kyi will lead a probe into a crackdown on a protest against a Chinese-backed copper mine which will also assess the future of the disputed project, the president's office said on Saturday.
Mittal, France reach deal over threatened steel plant
Nov 30, 2012 18:37 EST
French Prime Minister Jean-Marc Ayrault announced a deal with steel giant ArcelorMittal on Friday which he said saved part of a massive plant that had been threatened with closure.
France, ArcelorMittal reach deal on steel plant: PM
Nov 30, 2012 16:01 EST
French Prime Minister Jean-Marc Ayrault said Friday that a deal had been reached with steel group ArcelorMittal and that a part of a plant that had been under the threat of closure would not be nationalised.
Mittal, France seek last-ditch solution on steel plant
Nov 30, 2012 13:46 EST
Steel tycoon Lakshmi Mittal and the French government sought a last-ditch solution Friday on the eve of the expiry of his deadline to the state to find a new buyer for a plant it has threatened to nationalise.
Costly showdown for France and ArcelorMittal
Nov 30, 2012 11:09 EST
A mammoth battle of brinkmanship could leave the world's top world steelmaker ArcelorMittal hobbled and damage France's business climate if the government is forced into following through on its threat to nationalise one of the company's plants.
Tension mounts over Mittal plant facing French takeover
Nov 30, 2012 08:39 EST
The fate of a French plant owned by steel tycoon Lakshmi Mittal hung in the balance Friday on the eve of his deadline to the government to find a new buyer and President Francois Hollande set to take a decision on a nationalisation threat.
Hong Kong bourse seeks $1 bln for LME takeover
Nov 30, 2012 07:00 EST
The Hong Kong Stock Exchange said Friday it will sell $1 billion in new shares to fund a takeover of the London Metal Exchange, a day after the deal received the green light from British regulators.
Australia's Lynas fires up rare earths plant in Malaysia
Nov 30, 2012 00:51 EST
Australian miner Lynas Corp said it has begun processing rare earths at a controversial new plant in Malaysia after being delayed for more than a year due to public opposition over health fears.
Myanmar police break up copper mine protest
Nov 29, 2012 07:52 EST
Myanmar riot police fired water cannon and tear gas at protesters against a Chinese-backed copper mine Thursday, injuring dozens in a crackdown hours before Aung San Suu Kyi visited the area.
UK regulator approves metal exchange takeover by HK bourse
Nov 29, 2012 07:50 EST
The London Metal Exchange on Thursday said that British regulators had approved its takeover by the Hong Kong Stock Exchange, clearing a key hurdle in a deal worth $2.15 billion (1.65 billion euros).
BHP sees modest growth in China
Nov 29, 2012 01:12 EST
Global mining giant BHP Billiton said it expected Chinese growth to remain muted in coming years and saw little improvement in coal and iron ore prices.
Myanmar police break up copper mine protest
Nov 28, 2012 22:44 EST
Riot police in Myanmar on Thursday fired water cannon at villagers and monks protesting against a Chinese-backed copper mine, in a pre-dawn crackdown that left dozens injured, activists said.
Myanmar police fire water cannon at mine protest: activist
Nov 28, 2012 21:36 EST
Riot police fired water cannon to disperse people protesting against a controversial Chinese-backed copper mine in northern Myanmar, an activist told AFP Thursday.
Rio Tinto to make $5 bln in cost savings
Nov 28, 2012 20:36 EST
Global mining giant Rio Tinto said Thursday it plans to make US$5 billion in savings by 2014 to rein in "unsustainable costs" as it battles volatile market conditions.
France confirms plant nationalisation plans: unions
Nov 28, 2012 14:36 EST
France is committed to nationalise a steel plant at the centre of a bitter row between the government and its owner ArcelorMittal, unions said on Wednesday.
Myanmar protesters ordered to end mine demo
Nov 28, 2012 02:56 EST
Hundreds of villagers, students and monks on Wednesday ignored a government order to end a protest at a controversial Chinese-backed copper mine in northern Myanmar, activists said.
Myanmar copper mine protesters charged: police
Nov 27, 2012 19:38 EST
Myanmar has charged a group of activists who protested against a controversial Chinese-backed copper mine with defaming the state, police said Tuesday.
France's Hollande threatens nationalisation in Mittal row
Nov 27, 2012 15:33 EST
French President Francois Hollande threatened Tuesday to nationalise a plant owned by steelmaker ArcelorMittal in an increasingly heated dispute in which a minister has said the multinational is no longer welcome in the country.
