*Silver, platinum, palladium head for weekly declines. LONDON, Nov 27- Gold dipped to its lowest level in nearly six years on Friday and was heading for a sixth straight weekly decline under pressure from a firm dollar and prospects of a U.S. interest rate hike next month. Spot gold fell 0.7 percent to $1,063.75 an ounce, its lowest since February 2010, and was down 0.6...» Read More
Denver- based Newmont also improved its cost outlook for the year and announced it would expand its Tanami gold mine in Australia. Newmont said its net income from continuing operations was $202 million, or 38 cents a share, in the quarter ended September 30, from $210 million, or a 42 cents a share, in the same period a year ago. In the third quarter, attributable gold...
The steel industry's dire straits are in the spotlight this week, with both China and the U.K. warning about the hit from the dramatic slump in demand.
China's rate cut gave a boost to mining stocks. Three trades, with Jim Iuorio, TJM Institutional Services.
*Platinum's prospects now as poor as gold. *Platinum price less than half 2008 peak. Platinum producers Lonmin and Anglo American Platinum are also planning to cut jobs and the government has held meetings with companies and unions to try and prevent widespread lay-offs.
Some investors are taking a boost for iron ore as a sign that conditions for the commodity market might be looking up.
President of major Russian diamond mining group Alrosa has warned of the growing number of "synthetic" or altered diamonds entering the jewelry market.
Oct 8- U.S. energy and mining company Freeport-McMoRan Inc said on Thursday it has been assured by the government of Indonesia that the mining contract for its giant Grasberg copper and gold mine will be extended beyond 2021.. The pledge, coming after extended negotiations, is a positive development for Phoenix, Arizona- based Freeport, which is under pressure...
Oct 8- Energy and mining company Freeport-McMoRan Inc said the government of Indonesia has assured the company's local unit that it will approve the extension of operations beyond 2021.. The government is working on economic stimulus measures, including revisions to mining regulations, Freeport said. Freeport mines copper, gold and silver in the Grasberg...
In a bid to ease market fears about its debt levels, Glencore revealed details of its financing plans in a published statement Tuesday.
Phillip Streible, RJO Futures, and Erin Gibbs, S&P Capital IQ, look at where gold is headed from here, and whether investors should buy now.
The global silver-coin market is in the grips of an unprecedented supply squeeze, forcing some mints to ration sales and step up overtime.
JOHANNESBURG, Sept 30- Angola's sovereign wealth fund is looking at opportunities in gold, copper and silver mining in sub-Saharan Africa as the continent's number two oil producer tries to diversify its sources of revenue, its chairman said on Wednesday. Jose Filomeno dos Santos, son of long-serving President Jose Eduardo dos Santos, also said fiscal...
Glencore's downward spiral was halted Tuesday, as its stocks rebounded by as much as 20 percent after a host of brokers came out in support of the group.
One famed analyst says this might be the perfect time for commodities investors to pounce.
Glencore saw its shares slip another 29 percent Monday with analysts stressing that the weakness is likely to be felt across the entire sector.
Shares in mining and commodities trading giant Glencore touched a new bottom on Friday, hit by a torrid week of analyst downgrades and fears about China's economic slowdown.
DENVER, Sept 22- Newmont Mining Corp is not interested in buying the U.S. assets Barrick Gold has put up for sale but would be keen on Barrick's 50 percent stake in an Australian mine at the right price, Newmont Chief Executive Gary Goldberg said on Tuesday. There has been speculation in the market that Denver- based Newmont, the biggest U.S.-based gold miner, and...
Michael Dudas, Precious Metals & Mining Analyst Sterne Agee, discusses the gold miners, which are all getting hurt by the current commodity collapse.
JOHANNESBURG, Sept 17- South Africa's Sibanye Gold has entered into an agreement with a coal provider to secure fuel for power production as it seeks to reduce its dependence on unreliable electricity supply from state-run utility Eskom. The company said it would invest 22.5 million Australian dollars in Australia's Waterberg Coal Group, adding this could...
CNBC's Jackie DeAngelis reports on where gold closed the day.