Hecla Mining Co. fell$. 10 or 2.8 percent, to $3.45. Pan American Silver Corp. fell$. 14 or. 9 percent, to $14.32. Silver Standard Resources Inc. fell$. 22 or 1.9 percent, to $10.90.» Read More
Nicholas Curtis, Chairman of Lynas Corp says China's crackdown on illegal rare earth mining is a welcome and important step in helping rebalance the industry.
BRASILIA, Sept 11- Brazilian prosecutors want to block the permit for a massive gold mine planned by Belo Sun Mining Corp on the Xingu River in the Amazon, arguing that the Canadian company has failed to study the impact on local Indian communities, the prosecutors' office said on Wednesday.
SANTIAGO, Sept 11- A strike that began last week at the small Salvador copper mine in Chile and owned by Chile's Codelco shows no signs of ending as the union has threatened more radical action after what it said was a lack of engagement from the company.
JOHANNESBURG, Sept 11- Wage settlements in South Africa's gold sector will amount to 1.5 billion rand in extra costs for companies over the next 12 months, the country's Chamber of Mines said on Wednesday.
Michael Widmer, metals strategist at Bank of America Merrill Lynch, discusses metal commodities and says gold should rally if tapering does not start soon.
Sept 11- India's Jaiprakash Associates Ltd has agreed to sell its cement plant in Gujarat state to UltraTech Cement Ltd for around 38 billion rupees including debt.
Felipe Larrain Bascunan, Chile finance minister, highlights that while Chile is concerned about copper demand from China, the recovery in Europe and U.S. should help the country stay on a growth path.
*Gold to test support at $1,352- technicals. SINGAPORE, Sept 11- Gold slipped to a three-week low on Wednesday before recovering on bargain hunting, but the precious metal was losing its safe-haven appeal for investors on hopes a U.S. military strike against Syria could be averted.
*Railway is key artery for Colombia's coal exports. BOGOTA, Sept 10- Workers at Colombia's main coal railway Fenoco, which transports about half of the country's coal exports, are negotiating with the company for better pay and improved benefits, their main union said on Tuesday.
MOSCOW, Sept 10- Russia's Uralkali, the world's largest potash miner by output, said on Tuesday it had no plans to return to a trade alliance with Belarus and dismissed speculation about changes to its shareholder structure.
LONDON, Sept 10- Glencore will cut spending, shelve dozens of projects and squeeze more than expected from its record-breaking purchase of mining group Xstrata, lifting benefits from the deal to at least $2 billion in 2014..
LONDON, Sept 10- Copper dipped on Tuesday on concerns over improved supplies and uncertainty over when the U.S. Federal Reserve will trim its stimulus programme, though upbeat economic data from top metal consumer China kept falls in check.
*China demand for iron ore pushing up the rates. *Bunker fuel costs rising on Middle East tensions. LONDON/ SINGAPORE, Sept 10- While a glut of vessels is keeping shipping rates well below their pre-crisis peaks, the cost of shipping industrial commodities hit near two-year highs in recent days, helped by Chinese demand for iron ore and growing political risks.
RIO DE JANEIRO, Sept 10- Brazilian tycoon Eike Batista is in talks to cede control of mining company MMX Mineração e Metálicos SA's iron ore port near Rio de Janeiro, according to a securities filing on Tuesday.
LONDON, Sept 10- Glencore Xstrata said on Tuesday Chinese suitors might be allowed to compete against each other in the race for the $5.9 billion Las Bambas copper mine in Peru, given strong interest ahead of a first bid deadline next week.
*Sees synergies of at least $2 billion in 2014, and growing. LONDON, Sept 10- Glencore will cut costs, shelve projects and squeeze more than expected from its record-breaking purchase of mining group Xstrata, lifting benefits from the deal to at least $2 billion in 2014..
LONDON, Sept 10- Copper was little changed on Tuesday as uncertainty over whether the U.S. Federal Reserve will trim its stimulus programme kept investors cautious even as upbeat economic data from top metal consumer China brightened the demand outlook for base metals.
SINGAPORE/ LONDON, Sept 10- With China's insatiable appetite for iron ore cooling alongside a slowing economy, once in-demand traders of the steelmaking raw material face a new reality: fewer financial perks and tougher resume requirements. Anyone without a network of connections in top market China need not apply.
SINGAPORE, Sept 10- Copper edged down on Tuesday as easing oil prices eroded support for industrial metals, but both oil and metals cut losses after China factory figures surpassed expectations and provided more ammunition to the case its economy has bottomed.
Glencore Xstrata promised investors on Tuesday it would slash costs, shelve risky projects and squeeze more benefits from its $46 billion takeover of mining group Xstrata, lifting its target to at least $2 billion of synergies by next year.