Arch Coal fell$. 15 or 3.5 percent, to $4.12. Consol Energy Inc. fell$. 37 or. 9 percent, to $39.09. Peabody Energy fell$. 28 or 1.7 percent, to $15.80.» Read More
Sean Hyman, Editor of Moneynews, Ultimate Wealth Report explains why gold hasn't responded to Yellen's nomination. He calls the gold sell-off a pullback and expects prices to hit $1,500-$1,600 soon.
NEW YORK, Oct 9- South Africa's declining economic growth rates will continue to feel the impact of strikes in its key mining sector in 2013, even as mining revenues are expected to rise, Deputy Finance Minister Nhlanhla Nene told Reuters on Wednesday.
SINGAPORE, Oct 9- London copper fell on Wednesday to its weakest level in three sessions as a lack of progress on the U.S. fiscal deadlock eroded appetite for risk assets, while Chinese consumers were content to wait for lower prices.
Alex Molyneux, Chairman Designate at Singapore-listed commodities firm Blumont explains that the sudden 85% fall in the company's share price earlier this week was largely technical.
SINGAPORE, Oct 9- London copper edged down on Wednesday as a lack of significant progress on the U.S. fiscal deadlock eroded appetite for risk assets, while Chinese consumers were content to wait for lower prices.
Oct 8- Aluminum producer Alcoa Inc reported better than expected earnings on Tuesday, even as realized prices fell, helped in part by its value-added business and by productivity gains. Net income attributable to Alcoa was $24 million, or 2 cents a share, compared with a loss of $143 million, or 13 cents, a year earlier.
Despite weak aluminum prices, Alcoa reported quarterly earnings and revenue on Tuesday that exceeded estimates.
KHARTOUM, Oct 8- With its scrubland, unpaved roads and mud brick huts, the Jebel Amer area in Darfur, western Sudan, can look like a poor and desolate place. In the past year or so the precious metal has begun to alter the nature of the decade-old conflict in Darfur, transforming it from an ethnic and political fight to one that, at least in part, is over precious metal.
SINGAPORE, Oct 8- London copper edged up on Tuesday as the dollar weakened, but trading was quiet as China returned from a week-long holiday and as the U.S. fiscal standoff continued to cloud the outlook for demand. Copper prices have been trapped in a $7,000- $7,500 range since early August.
SINGAPORE, Oct 8- Gold added to gains on Tuesday after rising nearly 1 percent in the previous session as the U.S. government shutdown entered its second week, moving closer to a deadline to raise the national debt ceiling and sending the dollar to near eight-month lows. Platinum jumped for a third day on fears mine strikes in South Africa could hurt supply.
Chilean miner's premiums to China also seen rising. SANTIAGO/ LONDON, Oct 7- Leading copper producer Codelco has set some of its 2014 European copper premiums at $112 a tonne, a 31 percent increase over this year, buoyed by optimism over world economic health, sources close to the Chilean miner told Reuters on Monday.
SANTIAGO/ LONDON, Oct 7- Leading copper producer Codelco has set some of its 2014 European copper premiums at $112 a tonne, an increase buoyed by renewed optimism over the health of the world economy, sources close to the Chilean miner told Reuters on Monday.
Evangelos Mytilineos, CEO of Greek mining group Mytilineos, tells CNBC that funding remains "scarce" in Greece.
SINGAPORE, Oct 7- Gold ticked up in early Asian trading on Monday as the near-week long U.S. government shutdown raised fears Congress may struggle to raise the U.S. debt ceiling, burnishing bullion's safe-haven appeal. Platinum rose 0.5 percent as mine strikes threatened to hurt supply.
CHICAGO, Oct 4- Commodities markets were mixed on Friday as copper rose 1 percent in a technical bounce and gold slipped on a firmer U.S. dollar, despite concerns that deeply divided lawmakers in Washington were far from reaching a budget deal.
NEW YORK/ LONDON, Oct 4- Gold fell on Friday as the U.S. dollar recovered from two-month lows and investors braced for the political stalemate in Washington to drag on for another week, while platinum rose as water restrictions threatened to roil South African mines.
*Platinum climbs 1.5 pct as strike, water curbs hit miners. *Gold holds in narrow range, awaits news on budget deadlock. LONDON, Oct 4- Platinum rose on Friday on news that South African mines are facing water restrictions, while gold fell on a stronger dollar, though uncertainty over a budget deadlock that has led to a partial U.S. government shutdown kept it in a range.
*China returns from holiday on Tuesday Oct. 8. LONDON, Oct 4- Copper rose on Friday as U.S. markets opened, although investors were wary as they awaited the return from holiday of top consumer China and eyed the prospect of debt default as the U.S. government shutdown appeared likely to drag on for another week. "For us the market you have to look at is China.
*China returns from holiday on Tuesday Oct. 8. LONDON, Oct 4- Copper was little moved on Friday as it awaited the return from holiday of top consumer China, although investors kept a close eye on the spectre of U.S. default due on October 17 after the metal dropped in the previous session. "For us the market you have to look at is China.
ULAN BATOR, Oct 4- Mongolia has passed a law aimed at reviving foreign investment by easing restrictions on investors in key sectors such as mining and by providing greater certainty on the taxes they must pay.