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  • JAKARTA, Jan 20- Indonesia will reach a decision on whether to accept Freeport McMoRan Inc's $1.7 billion divestment price for its unit in the country by the end of the first quarter, a mines ministry official said on Wednesday. Under agreements reached in 2014, the U.S. mining giant must sell the government a greater share of the Grasberg copper and gold mine in...

  • TORONTO/ VANCOUVER, Jan 18- Gold mining companies are running a charm offensive with their biggest shareholders on the thorny issue of executive pay, keen to hold onto investors angry about ongoing generous compensation after four years of dire stock returns. "If you have say-on-pay votes against you and... you're unwilling to change, people vote with their feet,"...

  • Freeport, which operates one of the world's largest copper and gold mines in Indonesia's far-eastern Papua region, is a key source of resource revenue for the country, and the issue of its operations and contract to operate are politically sensitive. Freeport has started a process to replace Sjamsuddin, Eric Kinneberg, a spokesman at Freeport's head office in...

  • UPDATE 1-CEO of Freeport's Indonesian unit steps down Monday, 18 Jan 2016 | 10:09 AM ET

    JAKARTA, Jan 18- The chief executive of Freeport McMoRan Inc's Indonesian unit, Maroef Sjamsuddin, has resigned, a spokesman said on Monday, less than a month after the chairman of the U.S. mining giant stepped down. Freeport, which operates one of the world's largest copper and gold mines in Indonesia's far-eastern Papua region, is a key source of resource revenue...

  • TORONTO, Jan 14- Canadian mining company Lundin Gold Inc said on Thursday it will pay the government of Ecuador an advance royalty of $65 million under an agreement setting out the financial terms for development of its Fruta del Norte project. "We believe a legislation change to allow for VAT recovery and a modestly smaller upfront royalty payment help to...

  • ATHENS, Jan 14- Greece has asked Canadian miner Eldorado Gold Corp to reverse its decision to halt much of its Greek mining operations and safeguard jobs as a condition for the two parties to continue talks on the country's biggest foreign investment. The Vancouver- based miner has been in a dispute with the Greek government after Energy Minister Panos...

  • Rubicon Minerals slashes gold estimate, considers sale Monday, 11 Jan 2016 | 12:29 PM ET

    Jan 11- Canadian gold miner Rubicon Minerals Corp cut the gold reserve estimate for its Phoenix mine in Ontario by 86 percent and said it was evaluating strategic options including a sale, sending its shares down 60 percent. "Not only is this a huge negative development for RMX, but is it also a huge black-eye for the industry," Mackie Research Capital analysts wrote...

  • How a bear makes money Friday, 8 Jan 2016 | 1:57 PM ET
    How a bear makes money

    David Tice of Tice Capital Management explains why he's bearish on most stocks and where he sees potential profits.

  • Fed hike’s impact on gold Friday, 8 Jan 2016 | 4:20 AM ET
    Fed hike’s impact on gold

    Macquarie precious metals analyst, Matthew Turner explains why he believes 2016’s second quarter could be “difficult” for safe havens like gold.

  • Gold could shine again as a safe haven Thursday, 7 Jan 2016 | 10:00 AM ET
    Gold could shine again as a safe haven

    Spot gold prices rose for a fifth successive day on Thursday amid the volatility in global equity markets.

  • SINGAPORE, Dec 31- Gold was little changed on the last trading session of the year, but looked set to post its third straight annual loss, undermined by a robust dollar and prospects of higher U.S. interest rates. Gold could drop to $1,000 or below but could recover slightly in the second half of the year, he said. Gold prices have been influenced a great deal by U.S....

  • 2015's top metal could see more gains next year Tuesday, 29 Dec 2015 | 9:33 AM ET
    The Ranger uranium mine in Kakadu National Park, Australia

    Radioactive metal uranium was the top-performing mining commodity in price terms this year and looks set to gain further in 2016.

  • *Gold reverses previous session's decline. LONDON, Dec 29- Gold edged up on Tuesday in response to a flat dollar and slightly firmer oil prices, but the metal is heading for its third consecutive year of losses on prospects of rising U.S. interest rates. Gold is likely to end 2015 down nearly 10 percent, mostly due to expectations that higher U.S. interest rates will...

  • *Gold reverses previous session's decline. LONDON, Dec 29- Gold edged up on Tuesday in response to a softer dollar and more stable oil prices, but the metal is heading for its third consecutive year of losses on prospects of rising U.S. interest rates. Gold is likely to end 2015 down nearly 10 percent, mostly due to expectations that higher U.S. interest rates will hit...

  • *Gold down 9 pct in 2015, eyes 6th straight quarterly loss. LONDON, Dec 28- Gold edged lower on Monday in line with a retreat in oil prices, giving up some of last week's gains, but moves were muted in thin liquidity in a holiday-shortened week. Gold rose nearly 1 percent during Christmas week, but remains on track to fall for a sixth successive quarter, its longest run of...

  • *Gold down 9 pct in 2015, eyes 6th straight quarterly loss. LONDON, Dec 28- Gold edged lower on Monday in line with a retreat in oil prices, giving up some of last week's gains, but moves were muted in thin liquidity in a holiday-shortened week. "Gold is drifting lower after failing to extend the pre-Christmas rally," Saxo Bank's head of commodity research Ole Hansen said.

  • PRECIOUS-Gold drifts lower in thin liquidity Monday, 28 Dec 2015 | 5:38 AM ET

    *Gold down 9 pct in 2015, eyes 6th straight quarterly loss. LONDON, Dec 28- Gold edged lower on Monday in line with a retreat in oil prices, giving up some of last week's gains, but moves were muted in thin liquidity in a holiday-shortened week. "Gold is drifting lower after failing to extend the pre-Christmas rally," Saxo Bank's head of commodity research Ole Hansen said.

  • LIMA, Dec 21- Peru's government said on Monday that copper output in the world's third biggest producer should rise 65.5 percent in 2016 to about 2.5 million tonnes after MMG Ltd's massive Las Bambas project starts operations in February. Newmont Mining Corp's $4.8 billion gold and copper Conga project was derailed by unrest in 2011, and Southern Copper Corp...

  • Brazil assets of Vale, BHP frozen after dam burst Sunday, 20 Dec 2015 | 6:20 AM ET

    A judge in Brazil's state of Minas Gerais has frozen the Brazilian assets of mining giants BHP Billiton and Vale.

  • Gold miners get crushed after the Fed raises rates Thursday, 17 Dec 2015 | 11:54 AM ET
    Crushed stones and mined soil are deposited in a pile before being processed at the Yanacocha gold mine in Cajamarca, Peru, Oct. 21, 2015.

    Gold miner stocks were badly battered a day after the Fed hiked interest rates and the U.S. dollar popped.