Metals and Mining
featured
SINGAPORE, May 24- London copper futures edged higher on Friday after falling the most in three weeks the session before on signs that growth had stalled in top consumer China.
» Read More
More
-
Lee Downham, mining and metals transactions at Ernst & Young, says deal activity in mining & metals is set to recover in 2013, financed by private equity.
-
SINGAPORE, Feb 18- Shanghai copper fell to a three-week low on Monday as traders returning from a week-long break in China played catch up with recent losses in London prices, while signs of a weaker global growth also hurt sentiment.
-
ANKARA/ ISTANBUL, Feb 18- Turkey is hoping to find shale gas reserves big enough to help reduce its energy import dependency and is in talks with foreign firms about widening exploration after encouraging early signs, industry officials said on Monday.
-
SINGAPORE, Feb 18- Shanghai copper fell half a percent on Monday while London copper was little changed, as traders played catch up after a week-long holiday, with metals weighed down by weaker global growth cues including a deeper-than-expected recession in the euro zone.
-
Australian Treasurer Wayne Swan dismissed talk of a 'currency war' at the G-20 meetings and tells CNBC's Steve Sedgwick how the strong Aussie dollar is affecting the local economy.
-
BOGOTA, Feb 15- Colombia's largest coal exporter, Cerrejon, and its striking union will meet again on Saturday in search of a deal to end a week-long walkout by thousands of workers, the union said.
-
LONDON, Feb 15- Anglo American slid to its first net loss for more than a decade in 2012 after profits fell across all units and the global miner wrote $4 billion off the value of its flagship Minas Rio iron ore project in Brazil.
-
BOGOTA, Feb 15- Colombia's largest coal exporter, Cerrejon, and its striking union will meet on Friday for the first time since workers walked off the job last week, both sides said.
-
LONDON, Feb 15- Anglo American saw 2012 underlying earnings halve and its bottom line dip into the red, as profits fell across all units and the global miner wrote $4 billion off the value of its flagship Minas Rio iron ore project in Brazil.
-
*China, India leading modest demand recovery for diamond jewellery. Feb 15- A more positive outlook in China and India will help boost diamond sales this year, says De Beers, the world's biggest diamond producer, in a further sign the world economy is on a slow path to recovery.
-
Global miner Anglo American posted a sharp drop in 2012 earnings, hit by tumbling earnings from all core units and writedowns to the value of its troubled platinum assets and the flagship Minas Rio iron ore project in Brazil.
-
*China industry has access to cash, real demand to pick up- exec.
-
SINGAPORE, Feb 15- London copper was flat on Friday but set to log its largest weekly loss this year after data showed the euro zone recession deepened more than expected at the end of 2012, eroding demand expectations, and with top consumer China still on holiday.
-
Jonathan Barratt, Founder, Barratt's Bulletin discusses if Rio Tinto's cost-cuts are achievable. He explains why $64 and below is a good buying point for Rio's stock.
-
*India relaxes rules on gold deposit scheme. LONDON, Feb 14- Gold held comfortably above this week's five-week lows on Thursday on short-term speculative buying, but further gains were capped by weakness in the euro and global shares. Gold rose 0.2 percent to $1,645.91 an ounce by 1504 GMT.
-
Feb 14- Barrick Gold Corp, the world's largest gold miner, reported a quarterly loss on Thursday, after booking a $3.8 billion impairment charge to write down the value of its Lumwana copper asset. However, Barrick will continue working on its massive Pascua Lama mine on the border of Argentina and Chile, with production targeted for the second half of 2014..
-
Feb 14- Barrick Gold Corp, the world's largest gold miner, reported a quarterly net loss on Thursday, after booking an impairment charge to write down the value of some of its copper, oil and natural gas assets. The Toronto- based gold miner reported a fourth-quarter net loss of $3.06 billion or $3.06 a share.
-
*Rio sees pick-up in China continuing. MELBOURNE/ LONDON, Feb 14- Rio Tinto's new chief signalled he would slash costs, focus on selling weak assets and spend more carefully after the world's no.3 miner reported a $3 billion full-year loss, its first ever.
-
Sam Walsh, CEO of Rio Tinto, tells CNBC that the company plans to embark on aggressive cost cutting measures, aiming to reduce its total costs by $5 billion by the end of 2014
-
*Glencore, Trafigura meet Norilsk management. LONDON/ MOSCOW, Feb 14- Norilsk Nickel may start working with Glencore or Trafigura to penetrate new markets, the Russian mining major said, signalling a thaw after years of refusing to do business with large trading houses.