mick silver
6th February 2016, 11:57 AM
http://www.nasdaq.com/article/six-members-resign-from-london-metal-exchange-20160205-00607
Six companies, including the world's second-biggest iron ore exporter, have all given up their membership of the London Metal Exchange, the metals bourse said Friday.
Anglo-Australian mining powerhouse Rio Tinto Ltd. resigned as a category five member of the LME effective immediately.
In an LME notice to members, no reason was given for the decision. A spokeswoman declined to comment.
Europe's biggest metals exchange, which is owned by Hong Kong Exchanges & Clearing Ltd., also approved the resignations of Cargill International S.A., Nyrstar Budel BV, Enmetco LLC, Lonconex Limited and MetAlliance LLP.
There are 48 category five members remaining, including Rio Tinto rivals BHP Billiton Ltd and Glencore PLC.
Write to Ese Erheriene at ese.erheriene@wsj.com
(END) Dow Jones Newswires 02-05-161535ET Copyright (c) 2016 Dow Jones & Company, Inc.
This article appears in: Energy (http://www.nasdaq.com/investing/) , Commodities (http://www.nasdaq.com/markets/commodities.aspx)
Referenced Stocks: 8GC
, BBL
BHP BILLITON PLC BBL
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European ADRs Creep Higher as Commodities Companies Rally
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, BIL
SPDR Barclays 1-3 Month T-Bill ETF BIL
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, CRA1
Read more: http://www.nasdaq.com/article/six-members-resign-from-london-metal-exchange-20160205-00607#ixzz3zQ57iA9Z
Six companies, including the world's second-biggest iron ore exporter, have all given up their membership of the London Metal Exchange, the metals bourse said Friday.
Anglo-Australian mining powerhouse Rio Tinto Ltd. resigned as a category five member of the LME effective immediately.
In an LME notice to members, no reason was given for the decision. A spokeswoman declined to comment.
Europe's biggest metals exchange, which is owned by Hong Kong Exchanges & Clearing Ltd., also approved the resignations of Cargill International S.A., Nyrstar Budel BV, Enmetco LLC, Lonconex Limited and MetAlliance LLP.
There are 48 category five members remaining, including Rio Tinto rivals BHP Billiton Ltd and Glencore PLC.
Write to Ese Erheriene at ese.erheriene@wsj.com
(END) Dow Jones Newswires 02-05-161535ET Copyright (c) 2016 Dow Jones & Company, Inc.
This article appears in: Energy (http://www.nasdaq.com/investing/) , Commodities (http://www.nasdaq.com/markets/commodities.aspx)
Referenced Stocks: 8GC
, BBL
BHP BILLITON PLC BBL
20.88 -0.39 (-1.87%)
http://charting.nasdaq.com/ext/charts.dll?2-1-17-0-0-008001830-03NA000000BBL-&WD=299-HT=180-
European ADRs Creep Higher as Commodities Companies Rally
Powered by Market IQ (http://www.themarketiq.com/)
http://54.68.12.236/build/images/miq-logo.png (http://www.themarketiq.com/)
, BHP1
, BIL
SPDR Barclays 1-3 Month T-Bill ETF BIL
45.69 0.00 (0.00%)
http://charting.nasdaq.com/ext/charts.dll?2-1-17-0-0-008001830-03NA000000BIL-&WD=299-HT=180-
Powered by Market IQ (http://www.themarketiq.com/)
http://54.68.12.236/build/images/miq-logo.png (http://www.themarketiq.com/)
, CRA1
Read more: http://www.nasdaq.com/article/six-members-resign-from-london-metal-exchange-20160205-00607#ixzz3zQ57iA9Z