Metals and Mining


  • MOSCOW, Sept 29- Evraz North America, the U.S. unit of Russian steelmaker Evraz, wants to raise about $400 million from an initial public offering of between 25 percent and 35 percent of its shares, two banking sources in Moscow said on Monday.

  • LONDON, Sept 29- Copper prices fell to their lowest level in almost three months on Monday, weighed down by a sharp rise in the dollar and uncertainty about the outlook for growth in China, its top consumer.

  • UPDATE 1-Steelmaker Evraz's U.S. unit files for IPO Friday, 26 Sep 2014 | 1:05 PM ET

    Sept 26- Evraz North America Ltd, the U.S. unit of Russia's largest steelmaker Evraz Plc, filed with U.S. regulators in an initial public offering of ordinary shares.

  • RIO DE JANEIRO, Sept 26- Brazilian steelmaker Usiminas said on Friday its board had dismissed Chief Executive Julian Eguren in a divided vote, as two controlling stakeholders clashed over the appointment of senior managers in the firm.

  • METALS-Copper eyes weekly loss on China demand concerns Thursday, 25 Sep 2014 | 11:01 PM ET

    MELBOURNE, Sept 26- London copper steadied near three-month lows on Friday but was set to chalk up a weekly loss as worries over demand growth in top consumer China weighed on prices.

  • MELBOURNE, Sept 26- London copper steadied near three-month lows on Friday but was set to chalk up a third weekly loss as worries over demand growth in top consumer China and an impending wave of supply weighed on prices.

  • Pro's gold bets: FNV & RFLD  Thursday, 25 Sep 2014 | 5:39 PM ET

    Catalysts that are driving gold prices, with Frank Holmes, U.S. Global Investors CEO & CIO. He likes Royal Gold and Franco-Nevada.

  • LONDON, Sept 25- European shares slipped to a one-month low in late trading on Thursday, tracking a sell-off in U.S. stocks, as a stronger dollar undercut prices for industrial metals, causing mining shares to drop.

  • European shares fall in late sell-off, miners slip Thursday, 25 Sep 2014 | 11:23 AM ET

    *FTSE 100 underperforms on concerns of rate hike. The STOXX Europe 600 Basic Resources index fell 2.1 percent to feature as the biggest sectoral decliner in Europe after prices of key base metals fell following a rise in the dollar index, which measures the greenback against a basket of major currencies, to a four-year high.

  • *Gold earlier hit lowest since Jan. 2 at $1,206.85/ oz. LONDON, Sept 25- Gold steadied off nine-month lows on Thursday while platinum edged up from its weakest since June last year, after softer than expected U.S. data pulled the dollar from an earlier four-year high against a currency basket.

  • *Break below $1,200/ oz still likely- HSBC. LONDON, Sept 25- Gold prices fell to a nine-month low on Thursday and other precious metals slid as the dollar rose to four-year highs against a basket of currencies and stock markets strengthened. Spot gold hit a low of $1,206.85 an ounce, its weakest since Jan. 2, and was down 0.5 percent at $1,210.30 an ounce at 1001 GMT.

  • DALIAN, China Sept 25- China's steel consumption dropped this year for the first time since at least 2000 due to slower economic growth, leading to a surplus of iron ore in the country and a more than 40 percent plunge in prices of the steelmaking raw material.

  • SYDNEY, Sept 25- Adani Mining on Thursday took a step closer to the development of a A $2.2 billion coal mining project in Australia after the federal government approved construction of a rail haulage line.

  • BHP plays down chance of recovery in iron ore prices Thursday, 25 Sep 2014 | 2:30 AM ET

    SYDNEY, Sept 25- Global miner BHP Billiton on Thursday played down the chance of a recovery in iron ore prices, saying that recent declines reflected the reality of demand and supply in the market for the steel-making ingredient.

  • VANCOUVER, Sept 25- The price of gold, down more than a third in three years, is approaching the tipping point where the mining industry would see a spike in the number of producers reducing output or even shutting down operations. The industry has geared itself around $1,200, "said Joseph Foster, portfolio manager at institutional investor Van Eck Global.

  • BHP freezes pay for chief and top executives Thursday, 25 Sep 2014 | 12:16 AM ET

    BHP Billiton freezes pay for its executives and management team, as the downturn across the mining sector continues. The Financial Times reports.

  • Can Australia survive the iron ore slump?  Wednesday, 24 Sep 2014 | 9:34 PM ET

    Mike Harrowell, Director, Resources Research at BBY, discusses the impact of falling iron ore prices on major miners like BHP Billiton.

  • *Norilsk in talks to buy palladium from Russia's cenbank. NEW YORK/ LONDON, Sept 24- Gold fell on Wednesday as the dollar climbed to levels not seen in four years and global shares rebounded, while investors remained cautious ahead of U.S. economic data due later in the week.

  • DICKINSON, N.D., Sept 24- Crude oil would cost at least $150 a barrel due to supply disruptions in the Middle East and North Africa were it not for rising production in North Dakota and Texas, U.S. Energy Information Administration chief Adam Sieminski said in an interview on Wednesday.

  • METALS-Nickel gains as buyers come back after slide Wednesday, 24 Sep 2014 | 12:40 PM ET

    LONDON, Sept 24- Nickel rose on Wednesday as investors saw a recent slide in prices as a buying opportunity ahead of expected shortages, while copper recovered after hitting a fresh three-month low as uncertainly about global growth weighed on markets.