The Democratic Republic of Congo, Africa’s biggest copper producer, told miners to halt any project expansion requiring more power amid a shortage that will take years to resolve, according to government documents.
Corn extended a drop from a six- month high on speculation global supplies were ample and exports from Ukraine, set to be the third-biggest shipper, will be unaffected by Russia’s military intervention in Crimea.
BHP Billiton Ltd., the world’s biggest mining company, sees international development of shale- gas resources continuing to trail the production boom in the U.S. in part because of a lack of infrastructure.
AGL Energy Ltd.’s A$1.51 billion ($1.35 billion) deal to buy government-owned power plants in Australia’s most-populous state was blocked by the nation’s antitrust regulator on concern it would reduce competition.
National Australia Bank Ltd. raised A$750 million ($671 million) with its first domestic covered bond sale since a 2011 law change allowing Australian lenders to sell the collateral-supported securities.
Cheung Kong Infrastructure Holdings Ltd., the second-largest holder in takeover target Envestra Ltd., signaled its opposition to APA Group’s bid for the rest of the Australian gas distributor, putting the deal in doubt.