Basic Materials


Top bullion consumer China works on first gold forwards, options

SINGAPORE/SHANGHAI, Oct 22 - The Shanghai Gold Exchange (SGE) is working on plans for China's first forwards and options in gold, sources say, potentially putting China ahead in the race to set an Asian pricing benchmark that might eventually rival the London gold fix.

21 Oct 2014

LMEWEEK-HKEx to launch mini base metals contracts on Dec. 1

LONDON, Oct 21 - Hong Kong Exchanges and Clearing Ltd (HKEx) plans to launch so-called "mini" industrial metals futures contracts on Dec. 1, HKEx Chief Executive Charles Li said on Tuesday.

21 Oct 2014

Brazil protects giant swathe of Amazon rainforest

SAO PAULO, Oct 21 - The Brazilian government said on Tuesday it has put an environmentally rich area of the Amazon rainforest under federal protection, creating a reserve larger than the U.S. state of Delaware.

21 Oct 2014

Halliburton, Baker Hughes buy more sand, railcars as demand piles up

Oct 21 - As fracking accelerates in North American shale fields, oilfield services providers Halliburton Co and Baker Hughes Inc are stockpiling sand to protect themselves against rising costs and are buying more railcars to transport the haul.

21 Oct 2014

UPDATE 3-U.S. to scrap trade deal on Russian steel duties

WASHINGTON, Oct 21 - The U.S. Department of Commerce will terminate a 15-year-old deal sheltering Russian flat-rolled steel producers from high import duties, it said in a letter to Russian authorities.

21 Oct 2014
Basic Materials
BHP Billiton PLC 1,689.50p +1.84%
Rio Tinto PLC 3,140.00p +1.98%
Antofagasta PLC 691.00p +1.54%


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