Metals and Mining


  • JOHANNESBURG/ LONDON, Aug 25- The chief executive of platinum producer Lonmin denied assertions from mining industry sources on Monday that the company aimed to cut around 5,700 jobs as part of a drive to restore profits after a five-month strike.

  • LAUNCESTON, Australia, Aug 25- Something doesn't quite add up with China's rising steel production, but falling coal output and imports so far this year. China's raw steel output was 480.76 million tonnes in the first seven months of 2014, up 2.7 percent from the same period a year earlier, according to data from the National Bureau of Statistics.

  • SYDNEY, Aug 25- Shanghai copper hit its highest in around seven weeks on Monday, underpinned by steady consumer demand as the slow summer season fades, while London markets were shut for a bank holiday. *The most-traded October copper contract on the Shanghai Futures Exchange edged up 0.3 percent to 50,710 yuan a tonne.

  • US mining legend behind Indonesian mining deal Sunday, 24 Aug 2014 | 7:31 PM ET
    A miner sprays water in Indonesia.

    As negotiations to resolve a bitter dispute teetered on the brink of collapse, Freeport-McMoRan chairman James "Jim Bob" Moffett flew to Jakarta for last-ditch talks.

  • Indonesia's chief economics minister, Chairul Tanjung, said he had got to a point where he felt only talking directly to the 76- year-old U.S. mining legend might break a deadlock in the six-month row, which had already cost Southeast Asia's top economy more than $1 billion and put thousands of jobs at risk.

  • WASHINGTON, Aug 22- The United States has approved anti-dumping duties against South Korea and other producers of steel pipes for the energy sector, a victory for domestic producers hoping to benefit from a boom in the U.S. shale oil and gas industry.

  • WASHINGTON, Aug 22- The U.S. International Trade Commission on Friday voted to impose anti-dumping duties against steel pipe imports from seven countries, exempting two, handing a victory to domestic producers who had complained that the cheap imports were undercutting their prices.

  • COLUMN-Tin: A couple of corrections: Andy Home Friday, 22 Aug 2014 | 7:25 AM ET

    LONDON, Aug 22- The last few days have brought a couple of "official corrections", to coin news agency jargon, about the tin market. Because the second "official correction" came from Peter Kettle, markets manager at ITRI. Speaking in the Reuters Global Base Metals Forum earlier this week, he conceded that the forecast deficit is unlikely to appear this year.

  • LONDON, Aug 22- London copper hit its highest price in a fortnight on Friday and was on track for its biggest weekly rise since early July as brightening U.S. economic prospects eclipsed concerns over China and Europe.

  • ULAN BATOR, Aug 22- China and Mongolia have signed 26 new deals on railroads, mining and power generation during Chinese President Xi Jinping's state visit that began on Thursday, Mongolia's Ministry of Foreign Affairs said. Closer economic relations with China may be landlocked Mongolia's answer to recent economic woes.

  • Iron ore hits two-month low  Friday, 22 Aug 2014 | 2:15 AM ET

    Maurice Mason, mining analyst at Peel Hunt, discusses the outlook for the iron ore market after prices hit a two-month low.

  • SYDNEY, Aug 22- London copper held steady on Friday but was eyeing its biggest weekly gain since early July on brightening prospects over global growth, but caution over China's stuttering property markets kept traders cautious and capped gains.

  • *Platinum falls to 3- month lows. LONDON, Aug 21- Gold slid around 1 percent to its lowest in two months on Thursday, extending losses to a fifth session on a firm dollar and after slightly better than expected U.S. jobless claims fed expectations for an early interest rate hike.

  • *China, Mongolia sign deals on mining, finance cooperation. *Struggling economy forces Mongolia to tilt towards China.

  • *Coal producers down as Beijing orders curbs on oversupply. HONG KONG, Aug 21- Hong Kong and China shares weakened on Thursday after a preliminary private survey showed growth in China's vast factory sector slowed to a three-month low in August, reinforcing concerns about increasing softness in the economy.

  • SYDNEY, Aug 21- London copper stayed around $7,000 a tonne mark on Thursday after a gauge on China's factory health showed growth slowed in August, denting optimism over demand fuelled by brightening prospects in the United States.

  • SYDNEY, Aug 21- London copper was steady on Thursday just above $7,000 a tonne which it touched in the previous session on encouraging signs from the U.S. economy and ahead of a key China factory data.

  • Why now's the time to buy iron ore Wednesday, 20 Aug 2014 | 6:35 PM ET

    Iron ore has taken a beating this year, but one analyst told CNBC this presents the perfect buying opportunity.

  • MEXICO CITY, Aug 20- Mexico's Congress on Wednesday urged the government to cancel Grupo Mexico's concession to operate one of the world's biggest copper mines after a toxic spill there earlier this month.

  • LONDON, Aug 20- Commodities group Glencore became the first of the large miners to honor promises to return cash to shareholders, announcing a share buyback program of up to $1 billion as it reported forecast-beating first-half profit.