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Basic Materials

Russia's Nornickel says it will spend $600 mln collecting Soviet-era Arctic waste

MOSCOW, Dec 1 Russian mining giant Norilsk Nickel, hit by a fuel spill at an Arctic power station in May, will spend $600 million by 2030 collecting Soviet-era waste around its Arctic sites, it said on Tuesday.

3:23pm GMT

U.S. construction spending rebounds strongly in October

WASHINGTON, Dec 1 U.S. construction spending increased more than expected in October, boosted by solid gains in investment in both private- and public-sector projects.

3:15pm GMT

UPDATE 1-Russia's Sibur ramps up ZapSibNefteKhim plant to full capacity

MOSCOW, Dec 1 Sibur, Russia's top petrochemicals company, has ramped up its ZapSibNefteKhim plant in western Siberia to full capacity, signalling a shift in supplies of liquefied petroleum gas (LPG) away from Europe as more products are sold to Asia.

2:54pm GMT

UPDATE 2-Airbnb aims for up to $35 bln valuation in long-awaited IPO

Dec 1 Airbnb Inc is aiming for a valuation of nearly $35 billion in what will be the last blockbuster U.S. IPO of the year, marking a stunning recovery in its fortunes after the home rental firm was ravaged by the COVID-19 pandemic earlier this year.

Turquoise Hill says special committee to review Oyu Tolgoi cost overruns

Dec 1 Turquoise Hill said on Tuesday the board of Oyu Tolgoi mine in Mongolia has approved forming a special committee to conduct an independent review of cost overruns and delays related to the development of the underground copper mine.

1:34pm GMT
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