SINGAPORE, Dec 13- London copper edged down on Friday after climbing for five straight sessions, with a shortage of refined metal in the physical market underpinning prices.» Read More
SINGAPORE, July 30- London copper marked time on Tuesday, but was off a near three-week low touched the session before, as focus shifted to any clues from the U.S. *Copper prices on Monday fell to the lowest since July 10 at $6,820 a tonne and remain down by more than 13 percent this year.
*China's voracious iron ore demand drove prices up 10- fold in a decade. SINGAPORE, July 30- From building scores of new towns to constructing state-of-the-art rail networks, China's demand for steel to feed its modern-day industrial revolution has driven a spectacular rally in the price of the raw material iron ore.
JOHANNESBURG, July 29- South Africa's Chamber of Mines has declared a dispute with labour group AMCU in gold negotiations, a move aimed at placing wage talks for the entire sector before a government-affiliated mediator, it said on Monday.
JOHANNESBURG, July 29- South Africa's Chamber of Mines has declared a dispute with labour group AMCU in gold negotiations, a move that will likely place wage talks for the entire sector before a government-affiliated mediator, it said on Monday.
A recovery in consumer sentiment in the United States presents attractive opportunities for diamond investors, Panmure Gordon mining analyst Alison Turner said on Monday.
NEW YORK, July 29- Oil drillers in North Dakota's Bakken shale fields are allowing nearly a third of the natural gas they drill to burn off into the air, with a value of more than $100 million per month, according to a study to be released on Monday. The amount lost to flaring pales in comparison to the $2.21 billion in crude oil production for May in North Dakota.
*Rio sells Australia copper mine stake for $820 mln. SINGAPORE, July 29- London copper futures fell to their lowest level in almost three weeks on Monday, stretching losses for a third day running on worries a slowing Chinese economy may hurt demand in the world's top consumer of the metal.
MELBOURNE, July 29- Rio Tinto has agreed to sell its majority stake in the Northparkes copper mine in Australia for $820 million to China Molybdenum Co Ltd, a Chinese firm making its first foray offshore and into copper.
MELBOURNE, July 29- Rio Tinto has agreed to sell its majority stake in the Northparkes copper mine in Australia to China Molybdenum Co Ltd for $820 million, as the global miner looks to slash costs and cut debt.
SYDNEY, July 29- The frontrunner to become Australia's next prime minister, Tony Abbott, holds ambitious plans to develop the country's sparse and inhospitable north by 2030 to attract a new wave of mining investment and boost agricultural exports to Asia.
NEW YORK, July 26- Hedge funds took huge positive bets on U.S. crude oil this week just before the market turned south but they had better luck going long on gold as the precious metal rallied, trade data and price charts showed on Friday.
July 26- Top U.S. gold miner Newmont Mining Corp on Friday posted a $2 billion second-quarter loss after a sharp drop in gold prices and an impairment charge related to two Australian mines.
*H1 underlying operating profit $3.3 billion vs $3.1 billion estimate. LONDON, July 26- Anglo American's new boss laid out his blueprint for a turnaround of the underperforming miner on Friday, vowing to cut costs, halve a $17 billion project pipeline and revive lagging mines to boost cash and returns by 2016..
*Copper on track for 0.7 pct gain for the week. LONDON, July 26- Copper fell on Friday as concerns about growth in top consumer China weighed on the outlook for industrial metals demand. China's final HSBC manufacturing purchasing managers index is due next Thursday, followed by the HSBC services PMI on August 5.
FRANKFURT, July 26- German steelmaker ThyssenKrupp is continuing talks on selling its Steel Americas division to Brazil's Companhia Siderurgica Nacional but meeting an initial end-September deadline is becoming increasingly unlikely, two sources familiar with the situation said on Friday.
*H1 underlying operating profit $3.3 billion vs $3.1 billion estimate. *Targets cash flow uplift by 2016 of $1.3 billion, ROCE of over 15 percent. LONDON, July 26- Anglo American's new boss vowed to cut spending, halve its pipeline of projects and revive the performance of lagging mines in order to lift cash flow by an annual $1.3 billion.
*China weakness to keep copper prices under pressure. SINGAPORE, July 26- London copper futures slipped below $7,000 a tonne on Friday, falling for a second session, amid concerns over a dim outlook for demand in top consumer China where the economy is slowing.
Mark Cutifani, CEO of Anglo American, tells CNBC that the company is making reductions because they are needed for longer-term efficiency.
Roger Nightingale, strategist at RDN Associates, tells CNBC that the miners are a lagged response to the slowdown in the global economy.
Shanghai shares of Anhui Conch Cement, the largest cement producer, were lifted by an order from China's Ministry of Industry and Information Technology to companies across 19 industries to close outdated capacity by the end of September.