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Basic Materials


Greece to draw up boundaries for huge Athens riviera resort

ATHENS, March 23 Greece will soon define the boundaries of a site where investors plan to spend 7.9 billion euros ($8.5 billion) to build one of Europe's biggest coastal resorts, the culture ministry said, in a sign the delayed project may eventually go ahead.

2:43pm GMT

UPDATE 1-BHP's Escondida mine says negotiations dissolved; will return to production

ANTOFAGASTA, Chile, March 23 Negotiations between BHP Billiton and striking workers at its Escondida copper mine in Chile have failed, and the company will try to restart operations, mine President Marcelo Castillo said on Thursday.

2:37pm GMT

WRAPUP 2-U.S. new home sales hit 7-month high; jobless claims rise

WASHINGTON, March 23 New U.S. single-family home sales jumped to a seven-month high in February, suggesting the housing market recovery continued to gain momentum despite the challenges of high prices and tight inventories.

2:35pm GMT

Chinese aluminium giant Chalco's net profit more than doubles in 2016

SINGAPORE, March 23 Aluminum Corporation of China Ltd's (Chalco) net profit more than doubled in 2016, marking a second straight year of profitability thanks to recovering non-ferrous metal prices and cuts in production costs.

2:09pm GMT

UPDATE 1-PPG executives bring their campaign to Akzo Nobel's backyard

* Investors press for PPG to get a hearing (Updates with quotes, details.)

1:49pm GMT
Basic Materials
BHP Billiton PLC 1,261.00 -0.83%
Rio Tinto PLC 3,280.50 -0.88%
Anglo American PLC 1,265.50 +0.04%


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