Basic Materials

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Blast reported at chemical plant in northern China

BEIJING, Sept 1 - An explosion shook a chemical plant in the eastern Chinese province of Shandong, state media said on Tuesday, though there were no immediate reports of casualties in a country on edge after blasts killed more than 145 people last month.

3:04pm EDT

Union mulls action after 700 workers fired at Freeport mine in Chile

SANTIAGO, Aug 31 - A Chilean union that represents copper mine workers on Monday rejected a move to drastically cut staff at the El Abra mine owned by Freeport-McMoRan and was considering action after 700 workers had their jobs terminated at the weekend.

Stocks, Markets, Energy 2:02pm EDT

UPDATE 2-Africa's richest man, Nigeria's Dangote, plans Zimbabwe cement plant

HARARE, Aug 31 - Africa's richest man, Nigeria's Aliko Dangote, said on Monday he plans to open a $400 million cement plant in Zimbabwe, a major boost for the southern African country that is desperate for foreign investment.

Energy 11:36am EDT

UPDATE 1-ArcelorMittal South Africa to close mills, review largest plant

JOHANNESBURG, Aug 31 - ArcelorMittal South Africa is planning to shut two mills and is reviewing operations at its largest plant, it said on Monday, as the money-losing unit of the world's biggest steelmaker struggles with weak demand and lower prices.

9:38am EDT

Zimplats posts record loss after sales drop, tax charge

HARARE, Aug 31 - Zimbabwe's biggest platinum producer Zimplats reported a record $74 million loss for the full year on Monday after being hit by a hefty one-off tax repayment and falling global sales of the metal.

8:37am EDT
Basic Materials
Dow Chemical Co $43.64 -0.82%
LyondellBasell Industries NV $85.21 -0.26%
Praxair Inc $105.52 -0.63%

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