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BASE METALS HIGHLIGHTS: Top Stories Of The Day

Tuesday, Jul 07, 2009
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BEIJING (Dow Jones)--China's Ministry of Commerce Monday said it "regrets" India's mid-June decision to impose tariffs on the import of certain Chinese aluminum flat-rolled products and aluminum foil. The Zambian government will meet state mining investment firm Zambia Consolidated Copper Mines-Investment Holdings and Singapore-based Nava Bharat as it seeks to conclude an agreement for the takeover of Maamba Collieries Ltd., the Daily Mail of Zambia reports Monday. LONDON (Dow Jones)--Central African Mining & Exploration Company PLC (CFM.LN), or Camec, said Monday it has signed a long-term cobalt sales agreement with Zhejiang Galico Cobalt & Nickel Materials Co., Ltd, or Galico. CANBERRA (Dow Jones)--Terramin Australia Ltd. (TZN.AU) said Monday production of zinc and lead concentrates from its Angas Mine doubled to 16,187 metric tons in the second quarter ended June 30, an increase of 8,398 tons from the first quarter. SINGAPORE (Dow Jones)--South Korea's Public Procurement Service canceled a tender to buy 3,000 metric tons of aluminum Monday, a PPS executive said. LONDON (Dow Jones)--Base metals retreated Monday as the U.S. dollar strengthened and equity markets dropped on worries of a protracted slump in the global economy.

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