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UPDATE 1-Russia's VTB will drop Mechel lawsuit if debt agreement reached

MOSCOW, Oct 1 - Russia's VTB Bank, one of the country's largest, will drop a lawsuit against debt-laden coal and steel producer Mechel if an agreement over its debt is reached, Andrei Kostin, the head of VTB, said on Wednesday.

Energy 6:53am EDT

Novelis opens aluminium recycling plant in Germany

HAMBURG, Oct 1 - Novelis, a U.S.-based manufacturer of rolled aluminium products, said it had opened a $258 million recycling plant in Germany to process aluminium scrap obtained throughout Europe.

Stocks, Markets 5:36am EDT

Russia's Gazprombank does not rule out lawsuit against Mechel - Interfax

MOSCOW, Oct 1 - Russia's Gazprombank does not rule out filing a lawsuit against debt-laden coal and steel producer Mechel, Interfax news agency quoted the lender's head, Andrei Akimov, as saying on Wednesday.

Energy 4:19am EDT

UPDATE 1-Gem Diamonds sells white diamond for $10.6 mln

Oct. 1 - London-listed Gem Diamonds Ltd said it had sold a 198-carat white diamond recovered from its Lesotho mine in August for $10.6 million.

4:08am EDT

South Pacific flotilla to protest climate change inaction at Australia coal port

SYDNEY, Oct 1 - Protesters from 12 South Pacific nations plan to block ships entering and leaving Australia's Port of Newcastle, the world's largest coal export terminal, this month to highlight effects they say climate change is having on their islands.

Basic Materials
Dow Chemical Co $52.44 -1.83%
Praxair Inc $129.00 -1.44%
Freeport-McMoRan Inc $32.65 +0.77%

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