Basic Materials

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Clariant CEO sees Plastics and Coatings business as detachable

FRANKFURT, Sept 2 - Clariant's plan to separate the largest of its four divisions from the rest of its chemicals operations could open up the low-margin business to external investors over time, its chief executive said.

3:16pm BST

Drax, Infinis take UK government to court over lost tax exemption

LONDON, Sept 2 - Power producers Drax and Infinis Energy have started legal proceedings against the British government for not providing enough notice when it announced the removal of a climate change tax exemption in July.

2:44pm BST

UPDATE 1-Indonesia delays announcing winner of high-speed rail bid

JAKARTA, Sept 2 - Indonesia has delayed the announcement of the winner of a hotly contested race between China and Japan to build the first high-speed railway in Southeast Asia's biggest economy, a senior government official said on Wednesday.

1:58pm BST

UPDATE 1-BG says European Commission signs off on Shell bid

Sept 2 - BG Group Plc said the European Union's antitrust regulators had approved Royal Dutch Shell Plc's $70 billion takeover bid for the oil and gas producer.

1:43pm BST

COLUMN-Battle for survival in the new global aluminium market: Andy Home

LONDON, Sept 2 - Aluminium producers' pain is becoming acute.

1:23pm BST
Basic Materials
BHP Billiton PLC 1,065.50p +0.90%
Rio Tinto PLC 2,275.00p +0.18%
Anglo American PLC 689.90p +0.80%

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