Metals and Mining


  • LONDON, April 14- Nickel's bull run over the past couple of weeks has made it the star performer among the base metals pack traded on the London Metal Exchange. The fortunes of both are inextricably linked to Indonesia's minerals export policy. The ban on exports of nickel ore to China's vast nickel pig iron sector underlies that market's bull charge.

  • LONDON/ SINGAPORE, April 14- Nickel hit its highest level in more than a year on Monday because of an Indonesian ore export ban, now in its third month, and the prospect of tougher sanctions on Russia, which could include its commodities.

  • April 14- A Chinese consortium bought the Las Bambas copper mine in Peru from Glencore Xstrata for $6 billion, the high end of analysts' forecasts in China's biggest acquisition of a mine, showing the strength of its long-term need for copper.

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, April 14- "Unloved" was a word that popped up several times in relation to BHP Billiton's mooted plans to spin-off its non-core aluminium, nickel and manganese businesses.

  • METALS-Nickel hits 14-mth high on ore export ban Sunday, 13 Apr 2014 | 9:44 PM ET

    SINGAPORE, April 14- Nickel extended gains on Monday to hit its highest level in more than a year on renewed concerns over supply of the stainless steel material following Indonesia's move to stop ore exports.

  • GlencoreXstrata selling Peruvian mine for $5.85B Sunday, 13 Apr 2014 | 3:34 PM ET

    NEW YORK— Glencore Xstrata Plc has agreed to sell its copper mine project in Peru for $5.85 billion in cash.

  • *Glencore says proceeds will materially de-leverage balance sheet. Glencore agreed to sell Las Bambas to secure approval from China's competition authorities for its takeover of miner Xstrata because Beijing feared the merged group would have too much power over the copper market.

  • Glencore said it had sold its interest to a consortium owned 62.5 percent by the Hong Kong- listed MMG Ltd, 22.5 percent by Guoxin International Investment Corp Ltd and 15.0 percent by Citic Metal Co Ltd.. Glencore agreed to sell the mine in return for Beijing's blessing for its $35 billion purchase of Xstrata.

  • China takes on big risks in push for shale gas Saturday, 12 Apr 2014 | 5:56 AM ET
    Pump jacks and wells are seen in an oil field on the Monterey Shale formation where gas and oil extraction using hydraulic fracturing, or fracking, is on the verge of a boom, March 23, 2014 near McKittrick, California.

    China wants to wean itself off its dependence on energy imports, but drilling for shale comes with risks attached, the New York Times reports.

  • Final Glance: Silver companies Friday, 11 Apr 2014 | 6:03 PM ET

    Hecla Mining Co. fell$. 16 or 4.9 percent, to $3.11. Pan American Silver Corp. fell$. 19 or 1.4 percent, to $13.10. Silver Standard Resources Inc. fell$. 35 or 3.3 percent, to $10.24.

  • Final Glance: Coal companies Friday, 11 Apr 2014 | 6:02 PM ET

    Arch Coal fell$. 05 or 1.0 percent, to $4.88. Consol Energy Inc. fell$. 77 or 1.9 percent, to $40.11. Peabody Energy fell$. 35 or 2.0 percent, to $16.97.

  • Final Glance: Gold companies Friday, 11 Apr 2014 | 6:02 PM ET

    Barrick Gold Corp. fell$. 17 or. 9 percent, to $18.62. Gold Fields unchanged at $4.05. Newmont Mining Corp. fell$. 56 or 2.3 percent, to $24.23.

  • Palladium highest since 2011 on supply concerns Friday, 11 Apr 2014 | 4:45 PM ET

    Traders are worried that the tensions between the West and Russia over Ukraine will lead to disruptions in shipments of palladium from Russia, a major producer of the metal. Gold for June delivery fell $1.50 to $1,319 an ounce. Soybeans fell 19 cents to $14.63 per bushel, corn fell three cents to $4.99 a bushel and wheat fell two cents to $6.60 a bushel.

  • NEW YORK/ LONDON, April 11- Palladium prices shot through $800 an ounce for the first time in almost three years on Friday after a burst of heavy early buying triggered light buy stops as investors bet on tightening supplies from top exporter Russia and strong automotive demand.

  • Midday Glance: Coal companies Friday, 11 Apr 2014 | 1:51 PM ET

    Arch Coal fell$. 01 or. 3 percent, to $4.92. Consol Energy Inc. fell$. 57 or 1.4 percent, to $40.31. Peabody Energy fell$. 54 or 3.1 percent, to $16.78.

  • Midday Glance: Gold companies Friday, 11 Apr 2014 | 1:51 PM ET

    NEW YORK— Shares of some top gold companies are mixed at 1 p.m.:. Barrick Gold Corp. rose$. 04 or. 2 percent, to $18.83. Newmont Mining Corp. fell$. 42 or 1.7 percent, to $24.37.

  • Midday Glance: Silver companies Friday, 11 Apr 2014 | 1:51 PM ET

    Hecla Mining Co. fell$. 12 or 3.6 percent, to $3.15. Pan American Silver Corp. fell$. 05 or. 4 percent, to $13.24. Silver Standard Resources Inc. fell$. 16 or 1.5 percent, to $10.43.

  • MOSCOW, April 11- Polyus Gold, Russia's biggest gold miner is considering state proposals to encourage the rebasing of Russian firms currently owned by offshore entities and intends to explore these issues with the government, the company said on Friday.

  • LONDON, April 11- Nickel hit a 13- month high on Friday as Indonesia's ban on ore exports kept market supplies tight, though risks are rising that lofty prices will encourage buyers to look for cheaper sources of supply.

  • NEW DELHI, April 11- Gold and silver imports into India, the world's second-biggest buyer of the metal, dropped 40 percent to $33.46 billion in 2013/ 14, a trade ministry source said on Friday, following a series of restrictions imposed by the federal government to curtail the current account deficit.

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