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Reuters: Basic Materials


Channel Title: Reuters: Basic Materials
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Channel Description: is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.

UPDATE 1-Jailed Chinese loggers among thousands freed in Myanmar amnesty
YANGON, July 30 (Reuters) - Myanmar freed 155 Chinese jailed for illegal logging in an amnesty for thousands of prisoners on Thursday, a move that could ease diplomatic tensions with influential giant neighbour China. more

UPDATE 1-Japan's Idemitsu to buy most of Shell's stake in Showa Shell for $1.4 bln
* Sale raises capital for Shell in downturn (Recasts with confirmation) more

Japan's JFE Steel to invest $220 mln in Vietnam steelworks project
TOKYO, July 30 (Reuters) - JFE Steel, Japan's second-biggest steelmaker, said on Thursday it would invest about 27 billion yen ($220 million) in a steelworks being built by Taiwan's Formosa Plastics Group in Vietnam in an effort to expand its global network to drive growth. more

CORRECTED-Jailed Chinese loggers among thousands freed in Myanmar amnesty - officials
YANGON, July 30 (Reuters) - Myanmar released 6,966 prisoners in an amnesty on Thursday that included 155 Chinese citizens jailed last week for illegal logging, government and prison sources said. more

UPDATE 1-Indonesia's Timah says rule delays to halt tin exports until mid-Aug
JAKARTA, July 30 (Reuters) - Indonesia's PT Timah will be unable to export tin for much of August due to bureaucratic delays in the implementation of new rules for shipments, a senior official at the country's top tin miner said on Thursday. more

UPDATE 2-Kinross mulls more job cuts at Mauritania mine to reduce costs
July 29 (Reuters) - Kinross Gold Corp is again considering cutting jobs at its Tasiast gold mine in Mauritania, Chief Executive Officer Paul Rollinson said on Wednesday, as the Canadian miner looks for ways to reduce costs at its higher-cost mines amid sliding metals prices. more

UPDATE 1-Brazilian police probe nuclear submarine program -Folha
SAO PAULO, July 29 (Reuters) - Brazilian federal police are investigating potential irregularities in a military program that aims to build a nuclear-powered submarine in partnership with France by 2023, newspaper Folha de S. Paulo reported on Wednesday. more

Vilmorin would consider Syngenta seed assets bid
PARIS, July 29 (Reuters) - French seeds group Vilmorin would consider taking over part of Syngenta's seed activities if these were put up for sale as part of the proposed takeover by U.S. rival Monsanto, the company said on Wednesday. more

HeidelbergCement emerges from Hanson shadow to reenter M&A arena
FRANKFURT, July 29 (Reuters) - Germany's HeidelbergCement has re-emerged as a global M&A player with the 6.7 billion-euro ($7.4 billion) takeover of Italcementi, after spending the best part of a decade repairing the damage from its last major acquisition. more

Metallon's gold output falls short in further setback for Zimbabwe mining sector
HARARE, July 29 (Reuters) - Metallon Corp, the biggest gold producer in Zimbabwe, said it missed its first-half output target by 19 percent due to equipment breakdowns, in another setback for the country's mining sector, which has been hit by slumping commodities prices. more

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