GO
Loading...

Metals and Mining

More

  • Venezuela to crush cars, bikes to build houses Tuesday, 29 Apr 2014 | 5:44 PM ET

    CARACAS, April 29- Venezuela said on Tuesday it would start crushing abandoned cars and bicycles to provide raw materials for housing construction and supplement drastically reduced amounts of local steel.

  • MARIKANA, South Africa, April 29- Members of South Africa's striking mining union AMCU have rejected the latest wage offer from the world's top three platinum producers, its president said on Tuesday, extending a crippling 14- week stoppage.

  • STOCKHOLM, April 29- Compressor and mining equipment maker Atlas Copco forecast a slight rise in group-wide demand in the coming months as a pick up in the manufacturing and construction sectors more than offset lingering weakness from a slump in mining spending.

  • *Newmont and Barrick shares slide on the NYSE. By Euan Rocha, Allison Martell and Soyoung Kim. TORONTO/ NEW YORK, April 28- Failed merger talks between Barrick Gold Corp and Newmont Mining Corp descended into acrimony on Monday, with the two large gold miners publicly accusing each other of scuppering a deal favored by many investors.

  • *Platinum outperforms as S.African mine strike grinds on. NEW YORK/ LONDON, April 28- Gold prices fell on Monday after pressure from stronger-than-expected U.S. home sales data pushed prices below a key level of $1,300 an ounce, prompting some investors to reduce bullion positions despite heightened geopolitical tensions.

  • LONDON, April 28- It's been a while but the ultimate copper buyer is back in town. China's State Reserves Bureau, which manages the country's strategic commodity stockpile, has just skimmed a couple of hundred thousand tonnes from the mountain of copper sitting in Shanghai's bonded warehouse zone.

  • SHANGHAI, April 28- China's banking regulator has urged local authorities and banks to step up an investigation into iron ore financing deals in a bid to minimize default risks, prompting a sell-off in iron ore futures that saw prices fall nearly five percent. A China Banking Regulatory Commission spokesman declined to comment.

  • *Gold steady as Ukraine woes lift prices from 2-1/ 2 mth low. LONDON, April 28- Gold prices steadied above $1,300 an ounce on Monday, underpinned by concerns that tensions in Ukraine could escalate, while platinum outperformed as a strike across the South African platinum belt entered a third month.

  • SHANGHAI, April 28- China iron ore futures fell nearly five percent on Monday after the country's banking regulator urged local authorities and banks to step up an investigation into iron ore financing deals in a bid to minimize default risks.

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, April 28- Coal producers in Asia are currently their own worst enemies, raising output in a bid to boost revenue in order to compensate for lower prices.

  • ZURICH, April 28- Swiss cement maker Holcim Ltd posted a 9 percent rise in first-quarter operating profit on Monday, bearing the fruits of a cost-cutting programme as it prepares to merge with French rival Lafarge SA.

  • *U.S., Europe prepare more sanctions against Russia. NEW YORK/ LONDON, April 25- Gold rose to close at $1,300 an ounce on Friday, extending the previous day's sharp reversal from a 2-1/ 2 month low, as violence in Ukraine boosted bullion's safe-haven appeal, and weakness in equity markets also supported gold.

  • Union plus Rustenburg mines could sell for $1- 2 bln- analysts. LONDON/ JOHANNESBURG, April 25- If Anglo American pushes ahead to divest underperforming platinum assets, a sale to a small South African company that specialises in squeezing profit out of mines nearing the end of their lives is seen as the most likely option.

  • LONDON, April 25- Base metals prices were under pressure from the deepening crisis in Ukraine on Friday, but copper bucked the trend, edging up to a seven-week high on rising seasonal demand in top metals consumer China. A war of words ratcheted up after both Russia and Ukraine deployed troops close to their frontier.

  • TOKYO, April 25- Kobe Steel Ltd, Japan's No.3 steelmaker, said its crude steel output hit a 6- year peak in the business year just ended and that production this year would be similar due to robust domestic demand.

  • Utilities feel pressure for ethical coal mining push Friday, 25 Apr 2014 | 3:00 AM ET

    *Coal tops the list for deaths in energy sector. *Coal also a major polluter. Coal mining is responsible for more fatalities than the production of any other energy source due to poor working conditions in export countries such as China, South Africa, Indonesia and Colombia.

  • SYDNEY, April 25- Australia's economy is expected to slowly gather speed over the next couple of years as strength in housing and exports works to offset the drag from a maturing mining boom.

  • METALS-Copper hits 7-week peak on firm China demand Thursday, 24 Apr 2014 | 9:34 PM ET

    SINGAPORE, April 25- London copper futures climbed to their highest level in seven weeks on Friday, buoyed by firm demand in top consumer China, while nickel edged off 14- month peaks. It was up $6 at $6,759 by 0114 GMT, after gaining $83 on Thursday.

  • April 24- Cliffs Natural Resources Inc, which is facing off against an activist investor that wants to break up the company, posted a first-quarter loss on Thursday on the back of lower market prices for iron ore and metallurgical coal.

  • April 24- Cliffs Natural Resources Inc, which is facing off against an activist investor who wants to break up the company, reported a first-quarter loss on Thursday on the back of lower market prices for iron ore and metallurgical coal.