New Caledonia News
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Stocks in Switzerland were little changed, with the benchmark Swiss Market Index falling for a fourth consecutive week, as investors weighed U.S. economic data amid concern that central banks may pare stimulus measures.
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Nickel, the worst-performing industrial metal in the past year, is bottoming as prices fall below the costs of producing cheaper substitutes, curbing supply as consumption rebounds.
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The PGA Tour of Australasia added an event in New Caledonia to its schedule through 2015, taking the golf circuit to the French territory for the first time.
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New Caledonia upset defending champion New Zealand 2-0 to set up a matchup with Tahiti in the Oceania Nations Cup soccer final.
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Vale SA rose after profit beat analysts’ estimates for the first time in two years on cost reductions and higher copper sales that offset lower prices for the steel ingredient.
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Vale SA rose the most among major iron-ore producers after profit beat analysts’ estimates for the first time in two years on cost reductions and higher copper sales that offset lower prices for the steel ingredient.
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Eramet SA’s Societe Le Nickel unit suspended nickel mining on New Caledonia before an approaching cyclone expected to hit the island tomorrow, Reuters said , citing an unidentified spokeswoman for the company.
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Eramet SA’s Societe Le Nickel unit, which on Jan. 14 suspended nickel mining on New Caledonia because of a cyclone, is resuming operations, Reuters reported , citing an unidentified spokeswoman for the company.
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A prefabricated six-story hotel, once destined to house BHP Billiton Ltd. workers, is sitting in 126 boxes stranded on the Melbourne city docks. The stalled project is a sign of the deepening global slowdown in mining.
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Restrictions on nickel-ore exports by Indonesia may force Japan, the world’s third-largest producer of refined metal, to source raw material from other suppliers or reduce output, Sumitomo Metal Mining Co. said.
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