Rio Alto Mining's production in line with expectations

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Source: Commodityonline

Rio Alto Mining Ltd., Canadian resource company developing copper/gold projects of the La Arena located in Peru, reported that its output is in line with expectations despite blockade conducted illegally in September. The output approached 39,125 ounces from May to November. The company also plans to increase its iron ore production to 36,000 tons per day.

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Fri, 02 Dec 2011 12:25:49 GMT

UK construction growth decelerates

The construction industry in the UK slowed down in November while new orders jumped in Q3, according to official data. Construction PMI indicated the expansion in the construction activity but the pace is considerably lower than in previous month. New orders increased by 12.8% in Q3 as compared to 15.7% in Q2, according to National Statistics data. Meanwhile, CIPS construction activity index was it 52.3

Fri, 02 Dec 2011 12:47:01 GMT

Nikkei 225 slightly higher

On Friday trade Japan's Nikkei Stock Average added 0.54% or 46.37 points and closed at 8,643. Increase was mainly led by export dependent car producers as European economic outlook improved after Merkel's and Sarkozy's announcements. Both Toyota Motor Corp. and Nissan Motor Co. added 1.1% after reporting surge in US sales. On the upside many Japan's retailers also gained. J. Front Retailing Co. edged up

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