Basic Materials


Oil producer Afren gains another extension on debt payment

March 2 - Debt-laden oil producer Afren Plc said it had been given another payment extension by some creditors, a day after the Sunday Times reported that China's Fosun International Ltd was backing a takeover bid for the company.

9:51am GMT

Japan's Mitsui cuts zinc premiums for 1st time in 6 yrs as China exports rise

TOKYO, March 2 - Japan's biggest zinc smelter, Mitsui Mining and Smelting Co Ltd, has slashed its annual premiums to overseas buyers for 2015 by around 10 percent, marking the first cut in six years as rising exports by top user China spill into the region.

7:44am GMT

Alent's full-year adjusted profit rises on electronics, auto demand

March 2 - Specialty chemicals maker Alent Plc said its adjusted full-year pretax profit rose 4 percent as demand from the electronics and automotive products sectors increased.

7:29am GMT

Have Newcastle coal prices emerged from half a decade of decline?

GRAPHIC: Newcastle coal prices: By Henning Gloystein SINGAPORE, March 2 - Prices of thermal coal for export from Australia's Newcastle port, Asia's benchmark, have soared 30 percent this year. Some analysts are asking themselves: has coal bottomed after more than half a decade of decline?

6:18am GMT

China orders two local governments to punish polluting steel mills

SHANGHAI, March 2 - China's environmental ministry has ordered local governments in two key steel-producing cities to take tougher action against polluters from the sector as part of efforts to improve air quality.

5:40am GMT
Basic Materials
BHP Billiton PLC 1,609.59p -0.37%
Rio Tinto PLC 3,198.50p +0.20%
Anglo American PLC 1,221.50p +0.95%


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