basic materials – Page 4

Bayer CEO Says Breakup Wouldn’t Fix All of the Company’s Ills

25Nov

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World

Bayer CEO Says Breakup Wouldn’t Fix All of the Company’s Ills

BERLIN—Bayer Chief Executive Bill Anderson said the company would bounce back quickly from a recent spate of bad news, and warned that a breakup of the pharmaceutical and agricultural company was no universal cure for its ailments.A stream of negative news has rekindled calls from investors for Bayer to unlock value by spinning off its units into separate businesses. But in an interview with The Wall Street Journal this week, Anderson said the company couldn’t be distracted from the tough restructuring to fix the businesses.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Mining Industry Seeks to Define One Global Standard for Ethical Practices

23Nov

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Mining Industry Seeks to Define One Global Standard for Ethical Practices

Nov. 23, 2023 3:00 am ET|WSJ ProFour of the world’s leading mining associations—representing 86 companies operating 700 mines across 60 countries—are developing a responsible mining code to define one minimum global standard for the industry’s environmental impact, human rights and due diligence, in a bid to meet investor demands and define ethical practices.“We are working to build a standard that is practical, implementable, and adaptable for any mine operator with a commitment to responsible mining practices anywhere in the world, regardless of commodity, geography or size,” said a statement from the International Council on Mining and Metals, the World Gold Council, the Copper Mark and the Mining Association of Canada.Miners are subject to a complex web of requirements underpinning hu...

China Regulators to Step Up Oversight of Iron-Ore Market

23Nov

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China Regulators to Step Up Oversight of Iron-Ore Market

Nov. 22, 2023 11:28 pm ETChinese regulators pledged to step up oversight of the nation’s iron-ore market and warned traders not to speculate or hype price increases.The joint statement from regulators Thursday came in response to recent sharp rallies in iron ore prices.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

22Nov

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World

Basic Materials Roundup: Market Talk

Updated Nov. 22, 2023 4:55 pm ETThe latest Market Talks covering Basic Materials. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.1006 ET – The U.K. risks falling behind the EU and exposing itself to high-emission steel exports by failing to confirm a carbon border policy in its latest budget statement, industry chiefs say. While the EU is implementing its own so-called carbon border adjustment mechanism by 2026, the absence of a similar move by the U.K. could mean high-emission steel currently exported to the EU will be diverted to the U.K., industry trade body UK Steel says. “It’s disappointing that the Chancellor didn’t use his Autumn Statement to announce a U.K. CBAM and a timetable to implement it by 2026,” UK Steel Director General, Gareth Stace, write...

Biden's Electric-Vehicle Push Hits a Speed Bump

22Nov

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Money

Biden's Electric-Vehicle Push Hits a Speed Bump

Mining projects are being delayed after a plunge in prices for metals used in batteries.

MMG Plans to Buy Copper Mine in Africa for $1.88 Billion

21Nov

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MMG Plans to Buy Copper Mine in Africa for $1.88 Billion

Mining company MMG has agreed to buy a copper mine in Africa for an enterprise value of nearly $1.88 billion as part of an effort by the Chinese government-backed company to expand its portfolio.MMG, which is nearly 68%-owned by state-owned China Minmetals, plans to buy the Khoemacau mine in northwest Botswana in the emerging Kalahari Copper Belt, the Hong Kong-listed company said Tuesday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

20Nov

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Health Care Roundup: Market Talk

The latest Market Talks covering the Health Care sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.0833 GMT – Hong Kong shares closed higher, led by tech and consumer stocks amid overall positive sentiment. China kept its benchmark lending rates steady as expected, which may stabilize the mainland and Hong Kong stock markets. Almost all sectors gained, with the technology and consumer sectors leading gains. JD Health International rose 5.4% and Tencent Holdings gained 3.6%. Haidilao International was up 5.3% and China Mengniu Dairy advanced 4.3%. China Hongqiao Group led losses, dropping 0.3%, and Sino Biopharmaceutical was down0.3%. The benchmark Hang Seng Index closed 1.9% higher at 17778.07 and the Hang Seng Tech Index was up 2.45%. (jiahui.huang@ws...

BHP Iron-Ore Train Drivers Plan Industrial Action From Friday

20Nov

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BHP Iron-Ore Train Drivers Plan Industrial Action From Friday

Train drivers at BHP Group’s Australian iron-ore operations intend to begin industrial action on Friday in a dispute over working conditions that risks disrupting supplies of the steel ingredient from the world’s top producing region.The drivers have backed a range of measures that will start with bans on use of the company’s mobile rostering app, a step that will stop managers from being able to change drivers’ rosters without contacting them directly, a union representing the workers said Monday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

They Believe Pesticides Caused Their Cancers. Proving It Is Almost Impossible.

19Nov

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They Believe Pesticides Caused Their Cancers. Proving It Is Almost Impossible.

Farmworkers in California’s Salinas Valley work with pesticides tied to illnesses, including some cancers.

Bayer Told to Pay $1.56 Billion After Losing Roundup Case

18Nov

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Bayer Told to Pay $1.56 Billion After Losing Roundup Case

Bayer faces a payout of $1.56 billion after a Missouri jury found in favor of three people who blamed its popular Roundup weedkiller for causing their cancers.The ruling is the fourth in a row to go against Bayer during a roller-coaster five-year legal battle over Roundup, the world’s most popular weedkiller, that included nine straight victories for the company, as well as earlier losses. The cases represent tens of thousands of claims from farmers and gardeners.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8