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Metals and Mining

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  • METALS-Nickel hits one-year high on shortage concerns Thursday, 10 Apr 2014 | 6:13 AM ET

    *China copper imports jump 10.8 pct y/y in March. LONDON, April 10- Nickel prices rose to their highest level in more than a year on Thursday on concerns about shortages following a ban on ore exports from Indonesia.

  • ATHENS, April 10- Swiss cement producer Holcim's plans to merge with French peer Lafarge and create the world's biggest cement maker will be subject to an extensive review, the European Union's antitrust chief said on Thursday.

  • DAKAR/ LONDON, April 9- A Guinea government report recommended that BSG Resources and its joint venture partner, Brazilian mining giant Vale, be stripped of two iron ore concessions, saying BSGR obtained the rights by corruption.

  • DAKAR/ LONDON, April 9- A Guinea government report recommended that BSG Resources be stripped of two iron ore concessions, saying the company and a joint venture it owns with Brazilian mining giant Vale obtained the rights by corruption.

  • *China trade balance, GDP data in focus. *Copper surplus looms as mine supply ramps-up. LONDON, April 9- Nickel prices surged to their highest in over a year on Wednesday on persistent worries about shortages due to Indonesia's ban on ore exports but copper eased on concerns about economic growth in top metals consumer China.

  • HIGHLIGHTS-Top copper mining executives speak in Santiago Wednesday, 9 Apr 2014 | 12:15 PM ET

    SANTIAGO, April 9- Top copper mining executives have flocked to Santiago, Chile to discuss the state of the industry as concerns about oversupply and a credit crisis in China, the world's No. 1 industrial metal user, weigh on prices and sentiment. DIEGO HERNANDEZ, ANTOFAGASTA PLC CHIEF EXECUTIVE OFFICER. On mining challenges in Chile:.

  • JOHANNESBURG, April 9- South Africa's National Union of Mineworkers is winning back members on the platinum belt from rival AMCU and is poised to regain recognition status at one of Anglo American Platinum's mines, its general secretary said on Wednesday.

  • BOGOTA, April 9- Colombia's largest cement maker, Argos, said on Wednesday it will pay 50 million euros for a French Guiana company owned in equal parts by Lafarge and Holcim, two days after those companies announced a merger. Holcim said on Monday that it would buy Lafarge, creating the world's largest cement maker, with combined annual sales of $44 billion.

  • China starts drilling into 'Roof of the World' Wednesday, 9 Apr 2014 | 10:24 AM ET
    Tibetan Plateau, China.

    China has begun drilling into the Tibetan Plateau to feed its appetite for raw materials, Oilprice.com reports.

  • MOSCOW, April 9- Russia's biggest gold miner Polyus Gold is considering delisting from London, Kommersant newspaper said on Wednesday, which would make it the first Russian company to heed a call by officials to bring assets home to survive Western sanctions.

  • *China trade balance, GDP data in focus. *Copper surplus looms as mine supply ramps-up. LONDON, April 9- Copper eased on Wednesday, slipping from a one-week high hit in the previous session, depressed by concern that an economic slowdown in top consumer China could hit demand for industrial metals.

  • *Prices for stocks at China ports up more than 15 pct. HONG KONG, April 9- Producers of an alternative to refined nickel in China are expected to cut output as prices for ore imports have nearly doubled since end-February in the wake of a ban on shipments by top exporter Indonesia.

  • MOSCOW, April 9- Russia's biggest gold miner Polyus Gold is considering delisting from London, Kommersant newspaper said on Wednesday, the first Russian company to suggest it may heed a call by officials to bring assets home to survive Western sanctions.

  • *Signs of demand pick up in China's physical markets- Standard Bank. SYDNEY, April 9- London copper slipped on Wednesday below one-week highs touched in the previous session, after a China state agency said the window for stimulus measures was narrowing.

  • MOSCOW, April 9- Russia's largest steelmaker, Evraz, posted on Wednesday a 2013 net loss of $572 million, 35 percent deeper than in 2012 due to "cyclical headwinds" and said the political standoff with Ukraine could hit its business.

  • SYDNEY, April 9- London copper hovered near one-week highs on Wednesday, underpinned by a weaker dollar and expectations demand from top consumer China would modestly improve in the seasonally strong second quarter. *The most-traded July copper contract on the Shanghai Futures Exchange was up 0.1 percent at 46,760 yuan a tonne.

  • Philippe Capron, CFO of Veolia Environment, says waste water treatment in the mining and metals sector is "promising and lucrative."

  • Alcoa earnings beat, sales narrowly miss estimates Tuesday, 8 Apr 2014 | 4:12 PM ET
    Aluminum rods displaying the Alcoa Inc. logo

    Alcoa reported quarterly earnings that beat analysts' expectations on Tuesday, but revenue narrowly missed estimates.

  • JOHANNESBURG/ LONDON, April 8- As a strike by South African platinum miners enters its eleventh week, the likelihood that employers will bow to demands for better pay is receding and a drastic overhaul of the loss-making industry is looking more inevitable.

  • UPDATE 1-Magellan shifts focus to crude oil pipelines Tuesday, 8 Apr 2014 | 12:13 PM ET

    NEW YORK, April 8- Magellan Midstream Partners, the U.S. In a presentation made to investors on Tuesday, Magellan said of the $950 million it plans to spend between 2014 and 2016, 80 percent will go to crude oil projects primarily in and around Texas and its shale oil plays.