BASE METALS HIGHLIGHTS : Top Stories Of The Day
06/22/2012| 04:53pm US/Eastern
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TOP STORIES
Glencore: Bolivian Government to Nationalize Colquiri Mine
LONDON--Swiss commodity firm Glencore International PLC (>> Glencore International Plc) Friday said the government of Bolivia has decided to nationalize the Colquiri mine with immediate effect, and added that the company strongly protests the action taken by the Bolivian Government.
UPDATE: Chile Codelco, Anglo American Seek July 17 Mediation Hearing
SANTIAGO--Chilean state copper giant Codelco and diversified miner Anglo American plc (>> Anglo American plc) on Friday filed a petition for a July 17 mediation hearing, one of Codelco's lawyers said.
STORIES OF INTEREST
CFTC PRECIOUS METALS: Funds Add to Precious Metals Stake
NEW YORK--Money managers added to their holdings of Comex gold and silver futures and options in the week ended June 19, according to data released Friday by the Commodity Futures Trading Commission.
Peru's Finance Minister: Strengthening Sol A Challenge for Exporters
LIMA--Finance Minister Luis Miguel Castilla said Friday the strengthening of Peru's sol against the U.S. dollar will continue to be a challenge for exporters in the Andean country.
Glencore CEO: China Slowdown Less Worrying Than 2008
ST. PETERSBURG, Russia--Signs that China's economy may be slowing is less worrying than when growth slackened in 2008 because this time the reasons for the pull-back are part of a deliberately managed process by the Asian giant, said Glencore PLC (>> Glencore International Plc) Chief Executive Ivan Glasenberg.
Peru Government, Anti-Mining Activists Advance Negotiations
LIMA--Peru's executive branch and anti-mining activists reached an agreement late Thursday to form three negotiating groups aimed at allowing mining to proceed in the Espinar region of southern Peru.
Copper Development Reports 20% Measured Resource Increase at Hinoba-an
LONDON--Copper Development Corporation (>> Copper Development Corp) Friday reported 20% increase in measured resource at Hinoba-an Copper Project and said that measured resource is sufficient for bankable feasibility study for the project.
MARKETS
BASE METALS: Comex Copper Ticks Higher; Falls 2.3% In Week
NEW YORK--Copper futures edged higher on Friday, steadying along with global markets after slumping earlier in the week on worries about the health of the global economy.
Write to Matt Day at matt.day@dowjones.com
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