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Metals and Mining

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  • 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.

  • LONDON, Feb 27- Copper slipped to its lowest in nearly three months on Thursday, weighed down by concerns over demand from top consumer China while growing political turmoil in Ukraine also sapped appetite for risky assets such as metals.

  • PRECIOUS-Gold edges up, wary Asian buyers hold back Thursday, 27 Feb 2014 | 10:25 AM ET

    LONDON, Feb 27- Gold prices edged up on Thursday due to a steady dollar, but remained well below the previous day's four-month high as buyers of coins, bars and jewellery in Asian markets held off in expectation of a further price drop.

  • LONDON, Feb 27- Copper slipped to its lowest level in nearly three months on Thursday, weighed by concerns over demand from top consumer China while growing political turmoil in Ukraine also sapped appetite for risky assets such as metals.

  • JOHANNESBURG, Feb 27- Talks between the world's top three platinum producers and South Africa's striking AMCU union will resume on Friday in an effort to end a five-week stoppage over wages, the chief executive of Impala Platinum said.

  • SINGAPORE, Feb 27- Many power utilities in Asia appear to be making what seems like an increasingly risky bet: that poorer quality coal from Indonesia will remain cheap and plentiful. Generators from India to Southeast Asia and China are building or planning new coal-fired units designed to run on low-rank, sub-bituminous coal from Indonesia.