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BASE METALS HIGHLIGHTS: Top Stories Of The Day271 days ago
SANTIAGO (Dow Jones)--Unionized workers at Chilean copper mine Lomas Bayas ended a nine-day strike and will return to their posts on Friday morning, a union leader said Thursday.
LIMA (Dow Jones)--Peru's largest mining union has called a nationwide strike for June 15 to demand more benefits and job security.
LIMA (Dow Jones)--Institutional weakness, lagging decentralization and poverty are some of Peru's internal challenges, said Fitch Ratings Thursday, a day after the agency affirmed the Andean country's investment-grade debt rating.
WARSAW (Dow Jones)--Polish copper producer KGHM Polska Miedz (KGH.WA) said Thursday it raised its 2009 full-year net profit target nearly quadrupled to 1.91 billion zlotys ($581.4 million), from its previous target of PLN488 million.
An accounting charge led to a first-quarter loss for FNX Mining Co. (FNX.T) as sales plummeted on lower commodity prices and shipments.
MUMBAI (Dow Jones)--India's nonferrous metals trade body, Bombay Metal Exchange Ltd., is in talks with the London Metal Exchange on opening LME-approved warehouses in the country and expects to have three such warehouses in a year or two, a senior industry official said Thursday.
Workers for Congolese state mining company Gecamines have threatened to go on strike over salary delays, a company executive told Dow Jones Newswires Thursday.
NEW YORK (Dow Jones)--Copper futures pared their losses Thursday as equities gained and bargain hunting prompted participants to buy back previously sold positions.
LONDON (Dow Jones)--Base metals recouped most of their losses on the London Metal Exchange Thursday after the dollar's rally lost steam and equity markets rebounded.
BEIJING (Dow Jones)--The commodities complex in China was in full retreat Thursday morning, as supply-related concerns piled on the selling pressure at key bourses.
-By Matt Whittaker, Dow Jones Newswires; 201-938-5959; matt.whittaker@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=lqurHzy54Ksoo8yrPNKWxA%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
May 14, 2009 15:01 ET (19:01 GMT)
TOP STORIES:
Chile Lomas Bayas Copper Workers End Nine-Day Strike
Peru Mining Federation Calls Nationwide Strike For June 15
STORIES OF INTEREST:
Fitch: Peru Challenges Include Poverty, Weak Institutions
UPDATE: KGHM Upgrades 09 Profit Target Four-Fold On 1Q,Copper Outlook
=DJ UPDATE: FNX Mining Swings To 1Q Loss; Rev Plummets
Metal Trade Body, LME In Talks To Open Warehouses In India - Exec
Congo Gecamine Workers Threaten Strike Over Pay Delays -Exec
MARKETS:
BASE METALS: Comex Copper Pares Losses On Equities, Covering
BASE METALS: Metals Recoup Losses On Weak Dlr, Equity Gains
Rout In China Commodities Complex Led By Oversupply Concerns
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