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Metals and Mining Gold Mining

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  • July 15- A project financing agreement for the underground expansion of Oyu Tolgoi, a massive copper and gold mine in Mongolia, is expected to be signed by year end, mine owner Rio Tinto's Turquoise Hill Resources unit said on Wednesday. Gold concentrate production was 238,000 ounces, more than double the 113,000 ounces in the second quarter of 2014..

  • For Indians, paper gold can't beat the real thing Sunday, 12 Jul 2015 | 5:00 PM ET

    MUMBAI, July 13- India is meeting stiff resistance in its drive to make the buying of gold jewellery more transparent and to channel demand into paper gold to stop the metal being used to hide billions of dollars of undeclared' black money'. To track larger gold deals, this year's budget declared that, from June 1, customers would have to disclose their tax code, or...

  • This sector is getting hit by China’s market dive Wednesday, 8 Jul 2015 | 11:15 AM ET

    The dramatic plunge in Chinese equity prices has hit base metals hard, with prices subdued after Tuesday's tumble.

  • PRECIOUS-Gold slips as Greek crisis knocks euro Tuesday, 30 Jun 2015 | 6:01 AM ET

    *Stocks, euro fall as Greece approaches default. *Greece hours away from deadline for IMF payment. LONDON, June 30- Gold prices fell on Tuesday as the prospect that Greece will default on a repayment to the International Monetary Fund knocked the euro, and as investors remained wary over the metal's longer-term prospects.

  • PRECIOUS-Gold holds near 2-week low as market eyes Greece Wednesday, 24 Jun 2015 | 9:16 PM ET

    SINGAPORE, June 25- Gold was little changed on Thursday, hovering close to the prior session's two-week low as investors awaited news on Greece's talks with its international lenders to avert a default, while prospects of a U.S. interest rate hike also reined in prices. *Athens's talks with creditors bogged down on details, with next week's deadline to repay 1.6...

  • June 24- Shareholders of Canada's AuRico Gold Inc and Alamos Gold Inc on Wednesday voted in favor of a $1.5 billion merger, creating a mid-sized gold producer with operations in Canada and Mexico. Alamos and AuRico shareholders will each own about half the combined company, which will be called Alamos Gold. A new company, AuRico Metals Inc, will be formed to hold...

  • VANCOUVER, June 23- The global gold mining industry is showing signs of life as merger activity picks up and industry veterans set up new companies and hunt for projects, taking advantage of weak prices to lay the groundwork for a rebound. In the first quarter, Paris- based asset manager Carmignac Gestion bought 11.65 million shares of Goldcorp, the highest valued...

  • Gold gains ground: Trading Nation Thursday, 18 Jun 2015 | 2:35 PM ET
    Gold gains ground: Trading Nation

    Dennis Davitt, options specialist, and Gina Sanchez, Chantico Global, discuss what the situation in Greece means to the gold trade.

  • Future of copper mining may be on the ocean floor Monday, 15 Jun 2015 | 3:32 PM ET
    Underwater operations by Nautilus Minerals

    Nautilus Minerals wants to be the world's first deep-sea miner, and says the ocean floor is the safest place to get needed minerals.

  • LONDON, June 12- Gold edged lower on Friday as the dollar strengthened after signs of increased momentum in the U.S. economy bolstered prospects of higher interest rates. Spot gold was down 0.2 percent at $1,179.60 an ounce by 0954 GMT, while U.S. gold futures for August delivery were down $1.10 an ounce at $1,179.30. "The closer we get to this expected U.S. interest...

  • SINGAPORE, June 12- Gold clung to overnight losses on Friday, hurt by strong U.S. economic data that bolstered prospects of higher interest rates, but the metal looked set to snap a three-week losing streak on earlier gains from a softer dollar. *Spot gold was little changed at $1,181.36 an ounce by 0019 GMT, after losing 0.4 percent in the previous session.

  • June 8- Newmont Mining Corp said on Monday it has agreed to buy the Cripple Creek& Victor gold mine in Colorado from AngloGold Ashanti Ltd for $820 million in cash plus a net smelter royalty. An expansion of Cripple Creek is around two-thirds complete with the mine expected to produce between 350,000 and 400,000 ounces of gold a year in 2016 and 2017 at all-in...

  • CARLETONVILLE, South Africa, June 7- South Africa's Association of Mineworkers and Construction Union will launch a wildcat strike if its rival union and gold mining companies impose a wage deal on its members, its president said on Sunday. The hardline AMCU union is demanding a more than doubling of wages from gold companies AngloGold Ashanti, Sibanye Gold,...

  • LONDON, June 5- Gold hit an 11- week low on Friday, heading for a third straight weekly slide, as the dollar extended its gains after better-than-expected U.S. employment data bolstered prospects for an interest rate increase this year. Spot gold fell as much as 1.1 percent to its lowest since March 19 at $1,162.35 an ounce and was down 1 percent at $1,163.95 an ounce...

  • *Gold prices below $1,180 ahead of U.S. jobs report. LONDON, June 5- Gold fell on Friday ahead of U.S. employment data that could bolster prospects for an interest rate increase this year and the precious metal was heading for its third straight weekly slide. Spot gold was down 0.1 percent at $1,174.96 an ounce by 1133 GMT, within reach of a five-week low of $1,172.55...

  • *Gold prices below $1,180 ahead of U.S. jobs report. LONDON, June 5- Gold dipped on Friday ahead of U.S. employment data that could bolster prospects for an interest rate hike this year, and was heading for its third straight weekly slide. Spot gold was down 0.1 percent on the day at $1,175.10 an ounce by 1037 GMT, within reach of a five-week low of $1,172.55 hit in the...

  • *PwC still sees long-term growth from China. Despite the challenges, PwC said demand for copper and other metals was likely to rise over the longer-term from the world's top consumer, China. The survey, titled "The Gloves are Off", includes firms such as Goldcorp Inc, Glencore, Shandong Gold Mining and Anglo American.

  • SINGAPORE, June 4- Gold was near its lowest in three weeks on Thursday, as robust U.S. economic data boosted prospects of higher interest rates and as signs emerged of progress in the Greek debt crisis. *Spot gold was little changed at $1,185.36 an ounce by 0048 GMT, after losing 0.7 percent in the previous session. *Greece's international creditors signaled on...

  • NEW YORK/ LONDON, June 3- Gold fell to a three-week low on Wednesday as data showed the U.S. private sector added more jobs than expected in May and prospects increased of a debt deal for Greece. Spot gold was down 0.7 percent at $1,185.56 an ounce by 2:56 p.m. EDT after falling more than 1 percent to the lowest since May 11 at $1,179.43. Gold fell despite the U.S. dollar...

  • LONDON, June 3- Gold eased on Wednesday as shares rose after U.S. data showed its private sector added more jobs than expected in May, and prospects increased of a debt deal for Greece. Spot gold slipped 0.3 percent to $1,190.40 an ounce by 1446 GMT, while U.S. gold futures for August delivery fell $4.60 to $1,189.70 an ounce. Gold had risen 0.4 percent in the previous...