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Metals and Mining

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  • *Artisanal mining destroying plantations in Ghana, Ivory Coast. YOHO, Ivory Coast, April 11- A month ago, Bouafu Kouassi dug a neat circular hole in the middle of his one-hectare cocoa plantation in western Ivory Coast, and, sifting through the gravel on his shovel, found the unmistakeable traces of gold dust.

  • SYDNEY, April 11- London nickel held near a more than one-year top on Friday and was on track to log its ninth weekly gain in 10 weeks, as a ban on ore exports from Indonesia fuelled prices of the metal used in stainless steel. China's stainless steel makers and traders stocked up on nickel ore exports from Indonesia ahead of the ban that came into force in January.

  • BHP polishes up nickel unit as demerger talk swirls Thursday, 10 Apr 2014 | 10:00 PM ET

    *Could make it easier to find buyer for Nickel West division in Australia. SYDNEY, April 11- Breakthroughs in the way BHP Billiton processes nickel ores could help the world's biggest miner find a buyer for its ailing Nickel West division in Australia.

  • METALS-London nickel eyes ninth weekly gain in ten Thursday, 10 Apr 2014 | 9:50 PM ET

    SYDNEY, April 11- London nickel eased back from one year highs on Friday but was set to log its ninth weekly gain in 10 weeks, as a ban on ore exports from Indonesia fuelled rising prices for the stainless steel material.

  • *Funding of almost $6.5 bln secured from Australian equity investors. SYDNEY, April 11- Australia's Padbury Mining Ltd said it had secured almost $6.5 billion in funding to build a new deepwater port and railway at Oakajee in Western Australia, potentially opening a new export hub for the region's iron ore riches.

  • TORONTO/ VANCOUVER, April 10- Goldcorp Inc raised its hostile takeover offer for Osisko Mining Corp on Thursday, squeaking above a white knight bid by Yamana Gold Inc and heightening a bidding war that has helped inject life into a depressed gold mining sector.

  • Executives who gathered in the Chilean city of Santiago this week acknowledged tougher environmental standards, labor strikes, community resistance and resource nationalism were also making exploration more challenging.

  • TORONTO/ VANCOUVER, April 10- Goldcorp Inc raised its hostile takeover offer for Osisko Mining Corp on Thursday, squeaking above a white knight bid by Yamana Gold Inc and heightening a bidding war that has helped inject life into a depressed gold mining sector.

  • *China copper imports jump 10.8 pct y/y in March. LONDON, April 10- Nickel prices touched their highest in more than a year on Thursday as speculators continued to buy up futures on concerns about shortages following a ban on ore exports from Indonesia.

  • TORONTO, April 10- Goldcorp Inc hiked its hostile takeover offer for smaller Canadian gold miner Osisko Mining Corp to about C $3.6 billion on Thursday as it sought to top a complex white knight bid from Yamana Gold Inc..

  • LONDON, April 10- The nickel market is on a charge. On the London Metal Exchange three-month nickel has just hit a one-year high of $17,188 per tonne. Effective Jan. 12 the Indonesian government banned exports of nickel ore, cutting off a flow of material estimated by analysts at Macquarie Bank at around 670,000 tonnes last year.

  • April 10- Goldcorp Inc, the world's second-biggest gold miner by market value, raised its offer to buy fellow Canadian miner Osisko Mining Corp to about C $3.6 billion, trumping a bid from Yamana Gold Inc..

  • LONDON, April 10- China Kingho Energy Group, one of China's largest privately owned energy groups, said it has more than ten interested parties for its $6 billion- plus investment in infrastructure, energy and iron ore mining in Sierra Leone.

  • *Copper, iron ore see double-digit month-on-month growth in March. SHANGHAI, April 10- China's imports of iron ore and copper soared in March from the previous month in anticipation of higher seasonal demand in the world's top metals consumer, though crude oil shipments dropped after three months of high inbound volumes.

  • 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:.