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Metals and Mining

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  • *Lead posts 5 pct monthly gain on China demand. LONDON, March 27- Copper tracked losses in oil and fell to its lowest level of the week on Friday as traders waited for comments from the Federal Reserve, but the metal still clocked up its third straight weekly gain helped by mine closures in key producer Chile. Oil fell as fears about the disruption of Middle East crude...

  • Midday Glance: Gold companies Friday, 27 Mar 2015 | 1:16 PM ET

    NEW YORK— Shares of some top gold companies are mixed at 1 p.m.:. Barrick Gold Corp. fell$. 04 or. 3 percent, to $11.26. Newmont Mining Corp. rose$. 07 or. 3 percent, to $22.23.

  • Midday Glance: Silver companies Friday, 27 Mar 2015 | 1:16 PM ET

    Hecla Mining Co. fell$. 04 or 1.3 percent, to $3.07. Pan American Silver Corp. fell$. 10 or 1.0 percent, to $9.10. Silver Standard Resources Inc. fell$. 14 or 2.9 percent, to $4.89.

  • Midday Glance: Coal companies Friday, 27 Mar 2015 | 1:16 PM ET

    Arch Coal fell$. 05 or 5.4 percent, to $0.94. Consol Energy Inc. fell$. 65 or 2.4 percent, to $26.76. Peabody Energy fell$. 47 or 8.4 percent, to $5.13.

  • *Gold on track to finish week up around 1.3 percent. *Palladium down 3 percent at 2- month lows. LONDON, March 27- Gold fell on Friday, snapping a seven-day rally as the dollar steadied and investors remained cautious ahead of comments from Federal Reserve Chair Janet Yellen, but the metal still looked set to post its second straight weekly gain.

  • That far outstrips an estimate given late last year of 42-52 tonnes, after Mexican gold and silver miner Fresnillo said it was hedging 47 tonnes of output over five years. In their quarterly Global Hedge Book Analysis, Societe Generale and GFMS analysts at Thomson Reuters said the bulk of the rise in the global gold hedge book last year was driven by Fresnillo and...

  • *Shanghai rebar also hits record low, but cuts losses. SINGAPORE, March 27- Spot iron ore prices hit new record lows on Friday while futures in China and Singapore slid as much as 4 percent before paring losses, on worries that global producers would continue to lift output in a well supplied market. Iron ore prices on China's Dalian Commodity Exchange hit the daily...

  • LONDON, March 27- It's been over a year now since Indonesia imposed its ban on the export of unprocessed minerals. Other resource-rich countries, such as the Democratic Republic of Congo, are traveling the same road but Indonesia is way out in front. The country's two top copper miners, Freeport McMoRan and Newmont Indonesia, have been successfully cajoled into...

  • China to cut on-grid thermal power tariffs -state media Thursday, 26 Mar 2015 | 11:39 PM ET

    BEIJING, March 27- China will cut on-grid wholesale prices of thermal electricity, probably from the second quarter of the year, as coal prices tumble, state media said on Friday. The National Development and Reform Commission is seen cutting benchmark on-grid prices by an average of 0.015 yuan per kilowatt hour, the Xinhua News Agency-run Economic Information...

  • MELBOURNE, March 27- London copper fell on Friday but was set for its third straight weekly climb, buoyed as severe flooding affected mines in key producer Chile and as seasonal demand from top consumer China slowly improved. *Three-month copper on the London Metal Exchange had fallen 0.9 percent to $6,119 a tonne by 0115 GMT. *The most-traded June copper contract...

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, March 27- What's the real thinking behind Andrew Forrest's remarkable call for iron ore miners to cap production in order to boost prices? It's easy to dismiss the comment by the Fortescue Metals Group founder and chairman as "harebrained," as did Sam Walsh, the chief executive of Rio Tinto, the world's...

  • Mining heiress criticizes government regulations   Thursday, 26 Mar 2015 | 8:47 PM ET
    Mining heiress criticizes government regulations

    Speaking at the Mines and Money conference in Hong Kong, Gina Rinehart urged governments to reduce red tape on mining projects.

  • HOUSTON, March 26- Motiva Enterprises said on Thursday that operations at its Convent and Norco, Louisiana, refineries will be integrated to take advantage of increased production of lower-cost U.S. shale oil. Gas oil produced by the Convent refinery will go to the expanded hydrocracker and 112,000 bpd catalytic cracking unit at the Norco plant.

  • Project sponsor Mines Management Inc. of Spokane, Washington, rejected the group's compensation figure during court-ordered settlement talks on Wednesday. Mines Management chief executive Glenn Dobbs says the agency's announcement marks a major step forward. "It's the culmination of 10 years of very hard work by good people at the U.S. Forest Service and...

  • ULAN BATOR, March 26- Rio Tinto's chief executive will visit its $6.5 billion Oyu Tolgoi copper mine in Mongolia on Sunday, two people familiar with the visit said, amid signs the country's new prime minister is keen to end disputes that have delayed an expansion project. However, some analysts say Prime Minister Chimed Saikhanbileg is keen to reach a deal as...

  • NEW YORK, March 26- A U.S. judge on Thursday refused to dismiss antitrust litigation accusing a variety of Wall Street banks and commodity merchants of conspiring to drive up aluminum prices by reducing supply. District Judge Katherine Forrest in Manhattan said metals purchasers may pursue claims against affiliates of Goldman Sachs Group Inc, JPMorgan Chase&...

  • Final Glance: Coal companies Thursday, 26 Mar 2015 | 6:07 PM ET

    Arch Coal fell$. 05 or 4.3 percent, to $1.00. Consol Energy Inc. fell $1.61 or 5.5 percent, to $27.41. Peabody Energy fell$. 75 or 11.8 percent, to $5.60.

  • Final Glance: Gold companies Thursday, 26 Mar 2015 | 6:07 PM ET

    Barrick Gold Corp. fell$. 07 or. 6 percent, to $11.29. Gold Fields Ltd ADS fell$. 01 or. 2 percent, to $4.38. Newmont Mining Corp. fell$. 32 or 1.4 percent, to $22.16.

  • Final Glance: Silver companies Thursday, 26 Mar 2015 | 6:07 PM ET

    Hecla Mining Co. fell$. 12 or 3.7 percent, to $3.11. Pan American Silver Corp. fell$. 27 or 2.9 percent, to $9.19. Silver Standard Resources Inc. fell$. 14 or 2.6 percent, to $5.04.

  • WASHINGTON— The U.S. should immediately begin a push to exploit its enormous trove of oil in the Arctic waters off of Alaska, or risk a renewed reliance on imported oil in the future, an Energy Department advisory council says in a study to be released Friday. "To remain globally competitive and to be positioned to provide global leadership and influence in the...