DJ BASE METALS HIGHLIGHTS: Top Stories Of The Day
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TOP STORIES:
Copper To Be Biggest Loser In 2010 Commodity Index Rebalancing
LONDON (Dow Jones)--Copper will be the biggest loser in the annual rebalancing of commodity indexes at the start of 2010, followed by crude oil and zinc, according to estimates by market participants.
STORIES OF INTEREST:
Zambia NFCA Technology To Boost Luanshya Copper Output-Report
Chinese-owned NFC Africa Mining has introduced new mining technology at Luashya Copper Mines which is expected to recover up to 93% of the copper that was formerly lost under the old copper ore processing method, state media reports Thursday.
Mwana Aims To Restart 6,000 Tons/Yr Nickel Output In Zimbabwe
LONDON (Dow Jones)--Mwana Africa PLC (MWA.LN) said Thursday that it will restart part of the Bindura nickel complex in Zimbabwe if it can secure financing for it with the aim of producing 6,000 metric tons a year.
MARKETS:
BASE METALS: Metals Mostly Lower On Waning Risk Appetite
LONDON (Dow Jones)--Waning risk appetite and a strong dollar kept base metals under pressure on the London Metal Exchange Thursday, with copper sliding to a near two-week low.
BASE METALS: China Copper Futures Settle Down; Data In Focus
BEIJING (Dow Jones)--Copper futures were lower on the Shanghai Futures Exchange Thursday, tracking overnight declines in London Metal Exchange counterparts due to dollar strength.
-By Michael Haddon, Dow Jones Newswires; 4420-7842-9289; michael.haddon@dowjones.com
DJ PRECIOUS METALS HIGHLIGHTS: Top Stories Of The Day
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STORIES OF INTEREST:
South Africa's IDC Approves $10 Million Grant To Zimbabwe Mine
JOHANNESBURG (AFP)--The Industrial Development Corporation of South Africa has approved a $10 million grant to fund the expansion of Zimbabwe's Freda Rebecca gold mine, a company statement said Thursday.
Gold Fields Recovers Second Miner's Body From Driefontein
JOHANNESBURG (Dow Jones)--The body of a second miner who had been trapped underground at Gold Fields Ltd.'s (GFI) Driefontein mine in South Africa has been recovered, the company said Thursday.
Russian Foreign Reserves Rise $1.5 Billion In Week To Dec 4
MOSCOW (Dow Jones)--Russian gold and foreign-exchange reserves rose by $1.5 billion to their highest level in more than a year, data released Thursday by the central bank showed.
MARKETS:
PRECIOUS METALS:Gold Steady But More Profit-Taking Risks Loom
LONDON (Dow Jones)--Spot gold traded mostly unchanged Thursday as the dollar consolidated gains made against the euro.
-By Michael Haddon, Dow Jones Newswires; 4420-7842-9289; michael.haddon@dowjones.com
