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Metals and Mining

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  • More than half of the Toronto Stock Exchange and TSX Venture miners and explorers that participated in the Reuters survey said they were "very likely" to seek financing in the coming 12 months.

  • *Freeport McMoran says Indonesia unit may have to call force majeure. LONDON, Feb 28- Copper dipped on Friday and looked set to close flat on the month on lingering worries over a slowdown in China though soothing comments by Federal Reserve Chair Janet Yellen limited losses.

  • JAKARTA, Feb 28- Freeport-McMoRan Copper& Gold said its Indonesian unit may need to declare force majeure on copper concentrate sales if a dispute with the government over export taxes drags on for a prolonged period.

  • SINGAPORE, Feb 28- Gold hardly moved on Friday but still was on track for its fourth week of gains after investors chased prices higher on concerns about the pace of the U.S. economy and unrest in Ukraine. *Spot gold was little changed at $1,330.78 an ounce by 0023 GMT, down from a four-month high of $1,345.35 struck on Wednesday.

  • PRECIOUS-Gold flat after Yellen comment; platinum rises Thursday, 27 Feb 2014 | 2:23 PM ET

    *Platinum group metals up after Impala's force majeure. NEW YORK/ LONDON, Feb 27- Gold prices were flat on Thursday after U.S.

  • JOHANNESBURG, Feb 27- South Africa's Impala Platinum on Thursday declared force majeure on supply contracts at its strike-hit Rustenburg mine, as five weeks of labour unrest took their toll on the battered mining industry.

  • OTTAWA, Feb 27- Canada has no plans to further ease rules for foreign investment in uranium mines after Ottawa moved to give European Union firms more leeway, a senior official said on Thursday.

  • LONDON, Feb 27- Copper slipped to its lowest in nearly three months on Thursday, weighed down by concerns over demand from top consumer China while growing political turmoil in Ukraine also sapped appetite for risky assets such as metals.

  • PRECIOUS-Gold edges up, wary Asian buyers hold back Thursday, 27 Feb 2014 | 10:25 AM ET

    LONDON, Feb 27- Gold prices edged up on Thursday due to a steady dollar, but remained well below the previous day's four-month high as buyers of coins, bars and jewellery in Asian markets held off in expectation of a further price drop.

  • LONDON, Feb 27- Copper slipped to its lowest level in nearly three months on Thursday, weighed by concerns over demand from top consumer China while growing political turmoil in Ukraine also sapped appetite for risky assets such as metals.

  • JOHANNESBURG, Feb 27- Talks between the world's top three platinum producers and South Africa's striking AMCU union will resume on Friday in an effort to end a five-week stoppage over wages, the chief executive of Impala Platinum said.

  • SINGAPORE, Feb 27- Many power utilities in Asia appear to be making what seems like an increasingly risky bet: that poorer quality coal from Indonesia will remain cheap and plentiful. Generators from India to Southeast Asia and China are building or planning new coal-fired units designed to run on low-rank, sub-bituminous coal from Indonesia.

  • *Ottawa leaves door open for Taseko to submit new development proposal. VANCOUVER, Feb 26- Canada's government has blocked the development of a controversial copper and gold mine owned by Taseko Mines Ltd, the second time in just over three years that it has halted the mine plan.

  • RIO DE JANEIRO, Feb 26- Vale SA, the world's No. 3 mining company by market value, said on Wednesday its net loss more than doubled in the fourth quarter after it took a $6.5 billion charge for an income-tax settlement with the Brazilian government and wrote off part of a failed potash investment.

  • MORGANTOWN, West Va., Feb 26- As the Obama administration readies rules to force all U.S. power plants to lower the rate at which they produce greenhouse gases, Senator Joe Manchin of West Virginia, a major coal state, is trying to steer a bill through the Senate that he said would hold off the Environmental Protection Agency.

  • Feb 26- Australian billionaire Gina Rinehart's Roy Hill iron ore project is close to finalising a $7.8 billion financing deal, sources said, a vital step towards an end-2015 start for the giant mine in Western Australia's iron-rich Pilbara district.

  • Mexico grants Fresnillo explosives permit for gold mine Wednesday, 26 Feb 2014 | 3:33 AM ET

    LONDON, Feb 26- Mexico has granted precious metals miner Fresnillo a new explosives permit, allowing it to resume operations at one of its gold mines, the company said on Wednesday.

  • Feb 26- Australian billionaire Gina Rinehart's Roy Hill iron ore project is close to finalising a $7.8 billion financing deal, sources said, a vital step towards an end-2015 start for the giant mine in Western Australia's iron-rich Pilbara district.

  • *Initially valued at $500- 600 mln, but the value has fallen. LONDON, Feb 25- Brazilian mining firm B&A Mineração has pulled out of talks to buy BHP Billiton's stake in the Mount Nimba iron ore deposit in Guinea, bank and industry sources said, in the latest sign that projects in riskier countries have become a tough sell.

  • SYDNEY, Feb 25- London copper on Tuesday eased back towards its lowest level in more than two weeks after economic optimism sparked by some major mergers in the United States started to fizzle, and the focus returned to growth concerns in top user China.