GO
Loading...

Enter multiple symbols separated by commas

Metals and Mining

More

  • TORONTO, Dec 3- Rio Tinto Plc's re-commitment to diamonds with a $350 million Canadian mine expansion has highlighted the prospects for a handful of smaller players boasting one of the sector's rarest commodities- new mines. Global consumer demand for diamond jewelry is forecast to grow at 4 to 5 percent annually, to $31 billion in 2018 from $25 billion last year,...

  • Dec 3- Cliffs Natural Resources Inc said it expects to record a pretax loss of $375 million to $425 million on the sale of its Logan County coal assets in West Virginia in the fourth quarter. The miner said on Wednesday it would sell the assets to Coronado Coal II LLC for $175 million in cash along with the assumption of certain liabilities. Deutsche Bank Securities...

  • Bearish Chinese bets fuel iron ore rout Tuesday, 2 Dec 2014 | 6:37 PM ET
    Trucks at an iron ore mine

    A halving in the price of iron ore this year has been fueled in part by Chinese speculators who built up huge short positions on the one-year-old futures contract.

  • SINGAPORE, Dec 3- A halving in the price of iron ore this year has been fuelled in part by Chinese speculators who built up huge short positions on the one-year-old futures contract on the Dalian exchange, in the process giving China the pricing power it has long craved. Analysts say its clout on iron ore could become even greater if, as proposed, it lets foreigners...

  • BISHKEK, Dec 2- Kyrgyzstan's President Almazbek Atambayev has said his country must resolve its long-running dispute with Centerra Gold this month, because otherwise it may face the prospect of nationalizing the Canadian company's gold mine. The Toronto- listed company operates Kumtor, the Central Asian nation's largest gold mine. Kumtor accounted for 7.7...

  • Dec 2- Brazil's Vale SA is considering listing part of its global base metals business in Toronto and London, according to multiple sources with knowledge of the plan, as the miner looks to fund capital projects amid a collapse in iron ore prices. Vale could outline the broad details of the plan for Toronto and London as early as Tuesday at an investor day event in...

  • LONDON, Dec 2- Copper and other base metals slid on Tuesday on persistent uncertainty over demand in top metals consumer China, more weak economic data in Europe and further losses in oil prices. Copper nearly erased all of its gains from Monday, when it rebounded from 4-1/ 2 year lows and broke a five-session run of losses. "The market remains in a state of flux and...

  • VANCOUVER/ TORONTO, Dec 1- Brazil's Vale SA is considering listing part of its global base metals business, two sources with knowledge of the matter said on Monday, as the miner looks to fund capital projects amid a collapse in iron ore prices. Vale could outline the plan to list a new entity in Toronto and London as early as Tuesday at an investor day event being held...

  • RBA to stay on hold well into next year: AMP   Monday, 1 Dec 2014 | 10:31 PM ET
    RBA to stay on hold well into next year: AMP

    Shane Oliver, Head of Investment Strategy & Chief Economist at AMP Capital Investors, outlines his expectations for the central bank after it left rates on hold at 2.5 percent on Tuesday.

  • SYDNEY, Dec 2- London copper edged down on Tuesday, but held above 4-1/ 2 year lows, touched the session before, as oil prices stabilised. *Three-month copper on the London Metal Exchange had slipped 0.4 percent to $6,422.50 a tonne by 0127 GMT, paring small gains from the previous session, when prices ended up 1.5 percent after sliding to 4-1/ 2 year lows of $6,230.75 a...

  • SINGAPORE, Dec 2- U.S. crude futures slipped below $69 a barrel on Tuesday after a rebound from five-year lows on signs that shale oil producers are starting to slow down output. *U.S. crude futures for January delivery slipped 12 cents to $68.88 a barrel by 0013 GMT. *Libya is still testing pipelines to restart the southwestern El Feel oilfield, a spokesman for...

  • CALGARY, Alberta, Dec 1- While North America has been gripped by controversy over the Keystone XL pipeline that would ship crude to the United States from the Canadian oil sands, a small Canadian company has been quietly digging in the oil sands of Utah with a secret weapon it thinks may end the environmental argument: citrus. The Calgary- based firm is developing...

  • *Brent rises above $71 after falling below $68; U.S. crude above $68. U.S. crude was up $1.35, or 2 percent, at $67.50, after a five-day bottom hit at $63.72. "There's a sense that the market got a little bit ahead of itself, and we're seeing some producer buying come in and it's driving the market back up," said Phil Flynn, analyst at the Price Futures Group in Chicago.

  • NEW YORK, Dec 1- U.S. oil producers have been racing full-speed ahead to drill new shale wells in recent years, even in the face of lower oil prices. The Organization of Petroleum Exporting Countries last week agreed to maintain its production quota of 30 million-barrels-per-day, despite a 30 percent drop in oil prices since June, triggering an additional 10...

  • UPDATE 6-Oil hits five-year low Monday, 1 Dec 2014 | 9:01 AM ET

    *Oil loses more than 10 pct since Thursday's OPEC meeting. *OPEC maintains stable output to counter U.S. shale oil boom. LONDON, Dec 1- Brent crude oil fell on Monday to a five-year low below $68 before recovering most of the losses as investors looked for a price floor after last week's OPEC decision not to cut production.

  • LONDON, Dec 1- Iron ore mining company African Minerals has started to shut down its operation in Sierra Leone, the main focus of its business, because it does not have enough working capital, it said on Monday. The company said it has sufficient funds to pay salaries in the short term and to pay for security, safety and evacuation of staff and contractors in Sierra...

  • UPDATE 5-Oil hits five-year low, floor unsure Monday, 1 Dec 2014 | 6:37 AM ET

    *Oil loses more than 10 pct since Thursday's OPEC meeting. *OPEC maintains stable output to counter U.S. shale oil boom. LONDON, Dec 1- Brent crude oil fell on Monday to a five-year low below $68 on Monday before recovering some of the losses as investors looked for a price floor after last week's OPEC decision not to cut production.

  • JOHANNESBURG, Dec 1- Anglo American Platinum expects full-year earnings to fall by at least 20 percent because of the record five-month strike that hit its South African operation, it said on Monday. The wages dispute with the Association of Mineworkers and Construction Union, which ended in June, cost Amplats 424,000 ounces in lost production and a further...

  • Oil loses more than 10 pct since Thursday's OPEC meeting. *OPEC maintains stable output to counter U.S. shale oil boom. LONDON, Dec 1- Brent crude oil fell more than $2 a barrel to a five-year low below $68 on Monday as investors looked for a price floor after last week's OPEC decision not to cut production.

  • Oil services company Tullow Oil fell 7.1 percent while miner Glencore shed 4.3 percent. Adding to a more subdued market tone after a two-week rise for major European indexes, the U.S. National Retail Federation estimated sales over the full Thanksgiving weekend would show a decline of 11.3 percent from a year earlier, to $50.9 billion. European Central Bank...