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DJ BASE METALS HIGHLIGHTS: Top Stories Of The Day

74 days ago
TOP STORIES:

LONDON (Dow Jones)--Dubai's attempt to reschedule its debt is delivering a wake-up call to commodities investors as fears that sovereign debt could turn out to be the new subprime cause a selloff in gold, copper and oil.

SANTIAGO (Dow Jones)--Chile's Spence copper mine is expected to ramp up to full production capacity in January, following a 42-day labor strike that paralyzed operations, a spokesman for the mine's controller said.

STORIES OF INTEREST:

LIMA (Dow Jones)- Protests have erupted against a proposal by Antamina, one of Peru's largest base metal miners, to reduce tax payments to regional governments to fund a planned expansion project.

Zambia's largest cobalt smelter, Chambishi Metals PLC has refused to process locally mined mineral ores because of the higher production costs, a company official said Friday.

ESSEN, Germany (Dow Jones)--German steelmaker and industrial conglomerate ThyssenKrupp AG (TKA.XE) said Friday it predicts a slow recovery for its business and the wider economy, but it still expects to return to profits in the current fiscal year.

Zambia's state environmental watchdog has approved the proposed granulating slug dump for the country's largest copper miner, Konkola Copper Mines, on the Copper Belt, the agency said Friday.

BUENOS AIRES (Dow Jones)--Argentina's Santa Cruz legislature has passed a bill dividing the province into areas in which mining is prohibited and others where it is allowed.

MARKETS:

NEW YORK (Dow Jones)--Copper futures tumbled in an abbreviated session Friday as risk appetite shriveled amid market fear about a potential debt default by Dubai's largest holding company.

LONDON (Dow Jones)--Copper on the London Metal Exchange bounced back sharply Friday along with equity markets and the euro as market participants viewed the Dubai World debt selloff as overdone.

(END) Dow Jones Newswires

November 27, 2009 13:15 ET (18:15 GMT)
=2nd UPDATE: Commodities Fear Sovereign Debt Is New Subprime 
Chilean Spence Mine To Return To Full Production Capacity In Jan 
Antamina Faces Peru Protests Over Expansion Funding Plans 
Zambia Chambishi Metals Uses Congo Ores To Cut Costs-Official 
ThyssenKrupp Sees Slow Recovery, Expects FY2010 Profit 
Zambia Environmental Watchdog Approves KCM Mine Slug Dump 
Argentina's Santa Cruz Province Designates No-Mining Zone 
BASE METALS: Comex Copper Futures Falter On Stronger Dollar 
BASE METALS: Copper Leads Rebound After Dubai Debt Selloff 
-By Matt Whittaker, Dow Jones Newswires; 212-416-2139; matt.whittaker@dowjones.com 
 


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