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G20 officials vow to tackle steel, industrial overcapacity

CHENGDU, China July 23 The world's top economies will work to tackle excess production capacity in steel and some other industries, including government subsidies that have distorted markets, G20 finance officials said on Saturday.

10:38am BST

Polish chemicals firm Police says impairment hit H1 results

WARSAW, July 23 Polish chemicals company ZCh Police said late on Friday that impairment of 10.5 million euros related to its Senegal business hit the group's financial results in the first half of this year.

9:11am BST

China sets up coal asset management firm to push overcapacity cut

SHANGHAI, July 23 China has set up a coal asset management firm as part of its effort to reduce excess capacity in the sector, China's state-owned assets regulator said.

3:32am BST

Strike ends at Anglo's El Soldado copper mine in Chile

SANTIAGO, July 22 Workers at Anglo American's small El Soldado copper mine in Chile called off a strike on Friday after reaching an agreement with the company, a union official told Reuters.

22 Jul 2016
Basic Materials
BHP Billiton PLC 924.80p -1.53%
Rio Tinto PLC 2,363.00p -0.59%
Anglo American PLC 775.70p -1.52%

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