BASE METALS HIGHLIGHTS : Top Stories Of The Day
02/21/2012| 04:24pm US/Eastern
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TOP STORIES:
UPDATE: Chile Collahuasi Copper Mine Halts Ops On Fatal Accident
Operations at Chilean copper mine Dona Ines de Collahuasi were halted Tuesday following a fatal accident at the mine's concentrator plant, a company spokeswoman said.
STORIES OF INTEREST:
LME Approves Nantong Metalwell's MTW Aluminum Alloy Brand
The London Metal Exchange Tuesday said it has approved the listing of Nantong Metalwell Co. Ltd.'s MTW aluminum alloy brand.
3rd UPDATE: BHP Billiton Offers $5.25 Billion US Bond Deal -Source
BHP Billiton Finance (>> Liberty All-Star Equity Fund) Ltd., financing arm of the world's biggest mining company, launched a $5.25 billion, five-part bond deal in the U.S. credit markets Tuesday, according to a person familiar with the matter.
UPDATE: Vedanta Says Mulling Simplified Corporate Structure
LONDON (Dow Jones)--U.K.-listed, India-focused miner Vedanta Resources PLC (>> Vedanta Resources plc) said Tuesday that it is considering a restructure "to simplify and consolidate its corporate structure."
2nd UPDATE: UK Govt: Competition Issues On Anglo American-Lafarge UK JV
LONDON (Dow Jones)--The U.K.'s Competition Commission said Tuesday it has provisionally decided that a joint venture between U.K.-listed Anglo American PLC (>> Anglo American plc) and France's Lafarge S.A. (>> LAFARGE) could damage competition in certain U.K. markets for construction materials.
Quadra Shareholders Approve Polish KGHM Cash Offer
WARSAW (Dow Jones)--The required two-thirds majority of shareholders of Canada's Quadra FNX Ltd. (QUX.T) agreed to a proposal under which the mining company will be acquired by Polish state-controlled copper and silver mining company KGHM Polska Miedz SA (KGH.WA) at a shareholder meeting, KGHM said in a statement.
MARKETS:
BASE METALS: Copper Surges 3.5% On Greek Deal
NEW YORK (Dow Jones)--Copper futures posted strong gains Tuesday as investors cheered that Europe finally extended a second bailout package to Greece.
-By Tatyana Shumsky, Dow Jones Newswires; 212-416-3095; tatyana.shumsky@dowjones.com
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