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Metals and Mining

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  • Mining: Where to invest     Tuesday, 4 Mar 2014 | 2:30 AM ET

    Nik Stanojevic, equity analyst at Brewin Dolphin, discusses the mining sector and explains that in a falling commodity price environment, Rio Tinto and BHP Billiton remain safe bets.

  • RELAVE, Peru, March 4- Tucked between two desert ridges in southern Peru, Relave looks like any of the hundreds of ramshackle mining towns that blight the landscape in the world's sixth-largest gold exporter.

  • March 3- Osisko Mining Corp has settled a lawsuit it filed against Goldcorp Inc in reaction to Goldcorp's hostile takeover bid for the Canadian gold miner, a move that might lead to a negotiated deal or buy Osisko time to find a white knight.

  • JAKARTA, March 3- Indonesia's mines ministry could recommend as early as this week that Freeport-McMoRan Copper& Gold receive a reprieve from a controversial tax that has halted copper exports for more than two months, a government official told Reuters.

  • SYDNEY, March 3- London copper edged higher on Monday after Chinese manufacturing data at the weekend showed modest cooling in the world's biggest metals user, but it was still slightly ahead of expectations. *The most-traded May copper contract on the Shanghai Futures Exchange was unchanged at 49,170 yuan a tonne.

  • TORONTO, March 2- One of the most closely watched uranium deposits not owned by a major miner, Fission Uranium Corp's Patterson Lake South project, is attracting attention from potential buyers, but Fission's CEO hopes to buy time.

  • SANTIAGO, Feb 28- Some investors are fretting over fragility in Chile's economy, dragging its currency to a multiyear low in recent weeks, but the world's top copper exporter has underlying strengths that should support it even if emerging markets face more volatility ahead.

  • NEW YORK, Feb 28- Oil production in North Dakota's Bakken shale stayed flat in January after falling sharply the month before, according to independent data that illustrate how this winter's bitter cold put a freeze on the world's fastest-growing oil patches.

  • OSLO, Feb 28- Norway's $840 billion sovereign fund, the world's biggest equity investor, has cut its investments in gold and coal miners due to environmental concerns and will review the entire mining sector this year, it said on Friday.

  • LONDON, Feb 28- Copper producers have struggled to raise production even though prices for the metal have quadrupled since the turn of the century, an embarrassingly poor performance for the industry.

  • *Freeport McMoran says Indonesia unit may have to call force majeure. LONDON, Feb 28- Copper steadied on Friday but looked set to close flat on the month on lingering worries over a slowdown in China, though soothing comments by Federal Reserve Chair Janet Yellen limited losses.

  • Transforming energy's impact     Friday, 28 Feb 2014 | 7:39 AM ET

    Lord John Browne, "Seven Elements That Changed the World" author, discusses the pros and cons of all energies, including fracking and its impact on climate change.

  • LONDON, Feb 28- Indonesia's January ban on the export of nickel ore is, according to French nickel producer Eramet, "good news and will eventually support nickel prices".

  • More than half of the Toronto Stock Exchange and TSX Venture miners and explorers that participated in the Reuters survey said they were "very likely" to seek financing in the coming 12 months.

  • *Freeport McMoran says Indonesia unit may have to call force majeure. LONDON, Feb 28- Copper dipped on Friday and looked set to close flat on the month on lingering worries over a slowdown in China though soothing comments by Federal Reserve Chair Janet Yellen limited losses.

  • JAKARTA, Feb 28- Freeport-McMoRan Copper& Gold said its Indonesian unit may need to declare force majeure on copper concentrate sales if a dispute with the government over export taxes drags on for a prolonged period.

  • SINGAPORE, Feb 28- Gold hardly moved on Friday but still was on track for its fourth week of gains after investors chased prices higher on concerns about the pace of the U.S. economy and unrest in Ukraine. *Spot gold was little changed at $1,330.78 an ounce by 0023 GMT, down from a four-month high of $1,345.35 struck on Wednesday.

  • PRECIOUS-Gold flat after Yellen comment; platinum rises Thursday, 27 Feb 2014 | 2:23 PM ET

    *Platinum group metals up after Impala's force majeure. NEW YORK/ LONDON, Feb 27- Gold prices were flat on Thursday after U.S.

  • JOHANNESBURG, Feb 27- South Africa's Impala Platinum on Thursday declared force majeure on supply contracts at its strike-hit Rustenburg mine, as five weeks of labour unrest took their toll on the battered mining industry.

  • OTTAWA, Feb 27- Canada has no plans to further ease rules for foreign investment in uranium mines after Ottawa moved to give European Union firms more leeway, a senior official said on Thursday.