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  • METALS: The week in 10 stories

    4/21/17
    The week saw positive news for Brazilian steelmaker Usiminas, which reported a profitable Q1 after 10 consecutive quarterly losses. The 108mn-real (US$34.4mn) net profit came despite lower crude steel production, down 7.18% to 737,0...

  • Brazil's Vale sets quarterly output record

    4/20/17
    Brazilian mining giant Vale's iron ore output from its own operations rose 11.2% in 1Q17 to 86.2Mt, a record for a first quarter. Vale said the performance was mostly due to a ramp-up of iron ore projects S11D and Itabiritos. ...

  • Copper market in surplus in January

    4/20/17
    There was a surplus in the world copper market in January, according to a new report from the International Copper Study Group (ICSG). The refined copper market reported a surplus of about 51,000t, which the group attributed to a...

  • Usiminas finally swings to profit

    4/20/17
    Brazilian steelmaker Usiminas reported a net profit of 108mn reais (US$34.4mn) for Q1 after posting losses for 10 consecutive quarters. The figure compares with a net loss of 151mn reais in 1Q16, Usiminas said in an earnings...

  • EDP Renovaveis

    4/20/17
    EDP Renováveis (EDPR), a listed company and subsidiary of EDP - Energias de Portugal, focuses on renewable energy, especially on development, construction and operation of wind parks and solar power plants. The company has operations...

  • Brazil pre-salt drives Galp production

    4/18/17
    Galp Energia reported a sharp rise in first quarter oil and gas production as dwindling activity in Angola was more than offset by surging deepwater output in Brazil. Working-interest production averaged 88,000boe/d from January to ...

  • Brazil pre-salt drives Galp production

    4/18/17
    Galp Energia reported a sharp rise in first quarter oil and gas production as dwindling activity in Angola was more than offset by surging deepwater output in Brazil. Working-interest production averaged 88,000boe/d from January to ...

  • Stoppages dent Petrobras crude output

    4/17/17
    Brazil's state-run oil company Petrobras reported a fall in March crude production as platform stoppages interrupted operations off the country's southeast coast. Output from Brazilian oilfields averaged 2.12Mb/d, down 3% from...