Brad Gordon, CEO of African Barrick Gold, says weaker gold demand has offset further price rises to the precious metal despite geopolitical tensions.» Read More
*Copper on track to post biggest weekly gain this year. *China markets reopen from week-long holiday. LONDON, Feb 7- Copper rose on Friday, on track to post its largest weekly rise for the year, boosted by hopes of a pickup in demand after the Chinese New Year and by limited short-term availability of the metal in the physical market.
BRUSSELS, Feb 7- ArcelorMittal, the world's largest steelmaker, forecast higher profits this year, driven by higher steel sales and margins, and an increase in iron ore production as Europe ended two years of decline.
*Skanska drags after orders lag. But peer SSAB fell 1.7 percent after reporting its sixth straight quarterly loss with slowing growth in China, though it said the hard-hit European steel market had bottomed out.
Paul Gait, senior metals and mining research analyst at Sanford Bernstein, discusses the companies to watch in the metals and mining space.
LONDON, Feb 7- European shares edged up on Friday as heavyweight steelmaker ArcelorMittal unveiled upbeat forecasts and investors anticipated further encouraging economic data from the United States. Shares in the firm were up 3.8 percent at 0803 GMT.
TOKYO, Feb 7- A trade union has demanded Japan's largest steelmaker, Nippon Steel& Sumitomo Metal Corp, hike basic wages for the first time in 14 years and share the profits generated by the government's "Abenomics" stimulus policies.
*China's services sector grows at slowest pace in almost 2-1/ 2 years in Jan. SYDNEY, Feb 7- London copper was set on Friday to post its largest weekly rise this year after encouraging signs in the U.S. labour market boosted optimism about global growth, while Shanghai copper rose in its first session back from China's week-long break.
Nik Stanojevic, equity analyst at Brewin Dolphin, discusses what to expect from Rio Tinto and Glencore Xstrata's earnings.
NEW YORK, Feb 6- Nickel prices jumped, nearing a one-week high after Indonesia upheld a shipment ban on the ore of the metal used in coin- and stainless steel-making, and arabica coffee slumped 5 percent to reverse the previous day's rally on profit-taking.
BISHKEK, Feb 6- Kyrgyzstan's parliament on Thursday gave the government up to four months to finalize a draft deal with Canada's Centerra Gold on forming a 50-50 joint venture to run the country's Kumtor gold mine.
*Copper stocks in LME warehouses drop further to 311,225 T. LONDON, Feb 5- Copper prices dipped on Wednesday, resuming a downtrend after a brief bounce, as investors worried about weak demand in China and about the adjustment of the Chinese market to a drop in London prices when it reopens on Friday.
BRUSSELS, Feb 5- The EU's trade chief will present a voluntary scheme in March aimed at stemming the import of minerals from conflict zones and prevent mining them from financing war and strife, EU officials said on Wednesday.
CAPE TOWN, Feb 5- South Africa hosts the annual Africa mining conference but the country is a hard sell at its own party. Outside investors are increasingly wary of South Africa's mining sector and extra salt is being rubbed into its reputational wound as the conference coincides with a massive strike in its platinum shafts.
*Copper stocks in LME warehouses drop further to 311,225 T. *China markets closed until Friday. LONDON, Feb 5- Copper prices rose on Wednesday, rebounding from two-month lows hit in the previous session, boosted by encouraging factory orders data from the United States overnight and limited short-term availability of the metal in the physical market.
*Areva and Niger at odds over uranium money. ARLIT, Niger/ PARIS, Feb 5- When France began mining uranium ore in the desert of northern Niger in the early 1970 s, Arlit was a cluster of miners' huts stranded between the sun-blasted rocks of the Air mountains and the sands of the Sahara.
Feb 4- Newmont Mining Corp expects to be able to continue with normal operations at its Batu Hijua copper-gold mine in Indonesia for the next couple of months while it tries to resolve an export impasse with the government, Chief Executive Gary Goldberg said.
TORONTO, Feb 4- Silver Standard Resources Inc said on Tuesday it will buy the Marigold mine in Nevada for $275 million in cash from joint owners Goldcorp Inc and Barrick Gold in a move aimed at its boosting its gold exposure.
CAPE TOWN, Feb 4- The chief executive of Kumba Iron Ore, a unit of Anglo American, said he expected South Africa to grant a key mining licence for the company's expansion programme by the end of the first half of the year.
CAPE TOWN, Feb 4- The chief executive of South Africa's Kumba Iron Ore expects iron ore prices to remain stable in the first half of 2014 and then soften in the second half, as more supply from large producers comes on stream, he said on Tuesday.
Feb 4- Silver Standard Resources said it will buy the Marigold mine in Nevada for $275 million in cash from joint owners Goldcorp Inc and Barrick Gold in a deal that would provide the Canadian miner more exposure to gold.