Metals and Mining


  • *Royal Mail set for FTSE debut after IPO. LONDON, Dec 9- Vedanta Resources is set to drop out of Britain's blue-chip FTSE 100, ceding its place to recently privatised Royal Mail and underlining the mining sector's waning influence in the index. The share of basic resources in the FTSE 100 has fallen to just 7.1 percent, from 9 percent in February.

  • --Clyde Russell is a Reuters market analyst. LAUNCESTON, Australia, Dec 9- China's record imports of iron ore in November may be as good as they get for a while as a series of factors points to a moderation in the next few months.

  • Gold headed for gains this week: CNBC poll     Sunday, 8 Dec 2013 | 5:40 PM ET

    CNBC's latest market sentiment survey showed 53 percent of respondents expect bullion prices to gain this week.

  • NEW YORK/ LONDON, Dec 6- Gold trimmed gains to end slightly higher on Friday, as better-than-expected U.S. jobs data reinforced fears that the U.S. "Now definitely a lot of people are thinking... more aggressive tapering could be on the table," said Frank McGhee, head precious metals dealer at Chicago commodities brokerage Alliance Financial LLC.

  • Gold: the not-so precious metal of 2013 Friday, 6 Dec 2013 | 10:07 AM ET

    In spite of see-sawing following Friday's non-farms report, gold looks poised for its first annual fall in 14 years, with bullion prices down 26 percent since the start of 2013.

  • METALS-Copper edges up ahead of U.S. jobs data Friday, 6 Dec 2013 | 6:26 AM ET

    LONDON,- Copper edged up on Friday as tightening near-term supply kept the metal underpinned, though gains were capped ahead of U.S. jobs data that could make or break the case for an imminent scaling back in U.S. stimulus. Also, cash copper is trading at a discount of just $2 a tonne to the benchmark three month price, indicating tight nearby supply.

  • HONG KONG, Dec 6- China shares posted a second-straight loss on Friday, trimming weekly gains as profit-taking hit the brokerage sector and coal-related companies slid after authorities again pledged to tighten restrictions on coal mining to reduce overcapacity.

  • SINGAPORE, Dec 6- London copper was little changed on Friday, recovering from two-week lows touched earlier this week, but trading was light ahead of a key U.S. labour report that could shed fresh light on when the Federal Reserve will trim its commodity-friendly stimulus.

  • *Coal accounts for 2.3 pct of Vale's revenue, fertiliser for 7 pct. *Coal 25 percent stake could fetch $1 billion- analysts. LONDON, Dec 5- Brazilian miner Vale plans to sell a 15 to 25 percent stake in its coal operations, including projects and mines in Australia and Mozambique, and has had interest from potential partners including coal buyers, it said on Thursday.

  • LONDON, Dec 5- Nickel and tin rose on Thursday after Indonesia reiterated it would impose an export ban on ore, while copper dipped following strong U.S. economic data on worries the Federal Reserve could curtail monetary stimulus.

  • MOSCOW, Dec 5- Ukraine's choice of closer ties with Moscow, spurning a trade pact with the EU, could rub its struggling steelmakers up against Russia's own beleaguered metals firms, who will resist Kiev's attempts to export its way out of trouble.

  • The EPA has already published draft regulations that would limit greenhouse emissions from new coal plants to no more than 1,000 lbs of carbon dioxide per megawatt-hour of electricity generated.

  • SINGAPORE, Dec 5- London copper slipped on Thursday from a nine-day high hit in the previous session, as a short-covering rally triggered by surprisingly robust U.S. jobs data ran out of steam. *Copper prices rallied to $7,128 a tonne on Wednesday, the highest since Nov. 25.

  • Dec 4- Barrick Gold Corp, under fire for missteps in a tough market, started to address investor demands for a more independent board on Wednesday, by replacing two directors close to its departing founder with a pair of mining industry experts.

  • Dec 4- Barrick Gold Corp, under fire for a series of missteps in a tough market, confirmed on Wednesday that its 86- year-old chairman and founder will leave the board this spring, along with two other directors.

  • LONDON, Dec 4- Copper rose on Wednesday as the dollar fell but the price remained under pressure due to slow demand and rising supplies of the industrial metal. Three-month copper on the London Metal Exchange rose 0.1 percent to $6,970 a tonne by 1123 GMT from $6,960 at the close on Tuesday.

  • Inside Fortescue's Pilbara mines     Tuesday, 3 Dec 2013 | 10:03 PM ET

    As Fortescue Metals puts the finishing touches on the last of its mines in the Pilbara, CNBC's Matt Taylor was given a look inside its Solomon mine.

  • SINGAPORE, Dec 4- London copper edged up on Wednesday, recovering from a two-week lows hit the session before, as a weaker dollar granted some relief to commodities ahead of this week's jobs report that may shed fresh light on U.S. plans to scale back stimulus.

  • CNBC's Matthew Taylor takes a look inside the world's biggest seaborne freight terminal, Port Hedland.

  • Global diamond trade is alive and kicking     Tuesday, 3 Dec 2013 | 6:31 PM ET

    Ari Epstein, CEO of the Antwerp World Diamond Center, describes the global increase in demand he sees and why Belgium is the global hub for diamonds.

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