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Metals and Mining

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  • *Davis' sight now on South32, Anglo American- sources. LONDON, March 31- More than a year after he launched his private fund, former Xstrata boss Mick Davis is coming under pressure to build a new mining empire with the $6 billion in capital he has raised. The renowned dealmaker set up X2 Resources 18 months ago after Glencore's $46 billion takeover of Xstrata, when he...

  • LONDON, March 31- Littlebrook power station, which towers grimly over the lower Thames near Dartford in Kent, ceases operations today after almost 35 years, the last of Britain's big oil-fired power plants to close. Now its closure marks the impact of higher oil prices and EU-wide policies, agreed by Britain's major political parties, to move away from fossil...

  • *Some investors bet Indonesia will relax ore export ban- analyst. LONDON, March 31- Nickel plunged to near a six-year low on Tuesday on worries over record stockpiles, weak demand for stainless steel and growing doubts over the fate of Indonesia's ore export ban that many believed would tighten the market. Nickel prices have nearly halved since hitting two-year...

  • *Gold slips for 3rd session, heads for 2nd monthly fall. *Palladium rebounds from 13- month low. LONDON, March 31- Gold fell on Tuesday and was heading for a third straight quarterly fall, pressured by a strong dollar and expectations the U.S.

  • MELBOURNE, March 31- London nickel tumbled to near six-year lows on Tuesday on the back of momentum selling before cutting losses, but was set to end the month down nearly 10 percent, as record supply and weak stainless steel demand pummelled prices. Nickel prices have nearly halved since hitting two-year highs above $21,000 last May, as an expected supply crunch...

  • ULAN BATOR, March 31- Rio Tinto and Mongolia have made a breakthrough in a tax dispute that has been among issues stalling development of the $6.5 billion Oyu Tolgoi copper mine, according to an official familiar with the government's position. A spokesman for Rio's Turquoise Hill Resources, which owns 66 percent of the mine, also declined to comment and pointed...

  • *Gold slips for third session in a row, palladium rebounds. SINGAPORE, March 31- Gold edged lower on Tuesday and was heading for a second straight monthly fall, pressured by expectations the U.S. "Gold's inability to hold over the psychological $1,200 level, which it recently cleared, suggests that bullion may be susceptible to a further consolidation of gains," said...

  • Teck denies merger rumors Monday, 30 Mar 2015 | 7:19 PM ET
    Attendees visit the Teck Resources Ltd. booth at the Prospectors and Developers Association of Canada (PDAC) in Toronto, ON.

    Teck Resources denied reports on Monday that it was in discussions with Chilean copper miner Antofagasta on a potential merger.

  • RIO DE JANEIRO, March 30- Nippon Steel& Sumitomo Metal Corp said on Monday it had reported Ternium to Brazil's CVM market regulator for transferring to third parties shares in steelmaker Usiminas, which they jointly control, before a vote to elect a new chairman next week. The Japanese steelmaker said Ternium's move was an attempt to influence the vote for a new...

  • Final Glance: Gold companies Monday, 30 Mar 2015 | 5:56 PM ET

    Barrick Gold Corp. fell$. 15 or 1.3 percent, to $11.14. Gold Fields Ltd ADS fell$. 22 or 5.0 percent, to $4.15. Newmont Mining Corp. fell$. 21 or. 9 percent, to $22.02.

  • Final Glance: Coal companies Monday, 30 Mar 2015 | 5:56 PM ET

    Arch Coal fell$. 06 or 5.8 percent, to $0.98. Consol Energy Inc. rose $1.17 or 4.4 percent, to $27.93. Peabody Energy rose$. 21 or 4.1 percent, to $5.34.

  • Final Glance: Silver companies Monday, 30 Mar 2015 | 5:56 PM ET

    Hecla Mining Co. fell$. 09 or 2.9 percent, to $3.00. Pan American Silver Corp. fell$. 20 or 2.2 percent, to $8.93. Silver Standard Resources Inc. fell$. 18 or 3.7 percent, to $4.66.

  • March 30- Aluminum maker Alcoa Inc said on Monday it will shut its only remaining smelter in Brazil, the latest victim of a toxic mix of weak metal prices and high energy costs. The closure will cut Brazil's annual production to under 900,000 tonnes even as consumption is expected to grow as South America's largest economy prepares to host the 2016 Olympics.

  • SANTIAGO, March 30- Chile's economy will be hurt by the heavy flooding last week that cut off roads, washed away houses and bridges and forced some mines in the top copper producer to halt operations, the head of its central bank said on Monday. The Atacama region, which was hardest hit by the flooding, is relatively unpopulated, and represents about 2.5 percent of...

  • Midday Glance: Gold companies Monday, 30 Mar 2015 | 1:16 PM ET

    NEW YORK— Shares of some top gold companies are down at 1 p.m.:. Barrick Gold Corp. fell$. 10 or. 9 percent, to $11.19. Newmont Mining Corp. fell$. 23 or 1.0 percent, to $22.00.

  • Midday Glance: Silver companies Monday, 30 Mar 2015 | 1:16 PM ET

    Hecla Mining Co. fell$. 10 or 3.1 percent, to $3.00. Pan American Silver Corp. fell$. 25 or 2.7 percent, to $8.88. Silver Standard Resources Inc. fell$. 28 or 5.8 percent, to $4.56.

  • Midday Glance: Coal companies Monday, 30 Mar 2015 | 1:16 PM ET

    Arch Coal fell$. 04 or 3.8 percent, to $1.00. Consol Energy Inc. rose$. 79 or 3.0 percent, to $27.55. Peabody Energy rose$. 09 or 1.8 percent, to $5.22.

  • Early Glance: Coal companies Monday, 30 Mar 2015 | 10:56 AM ET

    Arch Coal fell$. 01 or 1.0 percent, to $1.03. Consol Energy Inc. rose$. 16 or. 6 percent, to $26.92. Peabody Energy rose$. 03 or. 5 percent, to $5.16.

  • Early Glance: Silver companies Monday, 30 Mar 2015 | 10:56 AM ET

    Hecla Mining Co. fell$. 10 or 3.2 percent, to $2.99. Pan American Silver Corp. fell$. 22 or 2.4 percent, to $8.91. Silver Standard Resources Inc. fell$. 20 or 4.0 percent, to $4.65.

  • Early Glance: Gold companies Monday, 30 Mar 2015 | 10:56 AM ET

    NEW YORK— Shares of some top gold companies are down at 10 a.m.:. Barrick Gold Corp. fell$. 18 or 1.6 percent, to $11.11. Newmont Mining Corp. fell$. 27 or 1.2 percent, to $21.96.