Hecla Mining Co. fell$. 06 or 1.8 percent, to $3.25. Pan American Silver Corp. fell$. 05 or. 3 percent, to $14.95. Silver Standard Resources Inc. rose$. 12 or 1.3 percent, to $9.38.» Read More
The emerging markets sell-off could boost mining companies, analysts said on Tuesday, ahead of earnings from some of the sector's biggest names.
Andrew Dale, division director of global natural resources at Macquarie Securities, says Glencore will be a beneficiary of improving copper production costs ahead.
TORONTO, Feb 10- Canadian base metal miner HudBay Minerals Inc said it plans to buy exploration company Augusta Resource Corp in a bid to gain control of its Rosemont project in Arizona, an asset widely viewed as one of the most promising copper projects in the United States.
JOHANNESBURG, Feb 10- Africa's top bullion producer AngloGold Ashanti is selling its Namibian unit for $110 million to private mining group QKR, it said on Monday, the disposal being part of a renewed drive to rationalise and focus on its bigger operations.
Peter Akerley, President & CEO of Canada-based Erdene Resource Development, says Mongolia has been making progress in terms of mining regulations.
Feb 7- Cameco Corp, the world's third-largest uranium producer, on Friday scrapped its lofty production target for the radioactive metal due to excess global supply in an uncertain market.
WASHINGTON, Feb 7- U.S. officials wrongly aided coal companies seeking federal land leases and accepted below-value bids in a flawed program costing taxpayers tens of millions of dollars, according to an independent review of the U.S. Interior Department.
WASHINGTON, Feb 7- U.S. officials wrongly advised coal companies when they leased federal land in a flawed program costing taxpayers millions of dollars, according to an independent review of the U.S. Interior Department.
Euro STOXX 50 rises 0.9 pct to 3,038.49 points. LONDON, Feb 7- European shares extended their rebound on Friday from last month's losses, helped by mining stocks, as long-term investors bet equities would continue to benefit from the region's gradual economic recovery.
LONDON, Feb 7- European shares rose for a second straight day on Friday, helped by gains at steelmaker Arcelor, as long-term investors bet equities would continue to benefit from the region's gradual economic rebound.
*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.