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Diversified Metals and Mining

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  • April 14- A Chinese consortium bought the Las Bambas copper mine in Peru from Glencore Xstrata for $6 billion, the high end of analysts' forecasts in China's biggest acquisition of a mine, showing the strength of its long-term need for copper.

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, April 14- "Unloved" was a word that popped up several times in relation to BHP Billiton's mooted plans to spin-off its non-core aluminium, nickel and manganese businesses.

  • BHP polishes up nickel unit as demerger talk swirls Thursday, 10 Apr 2014 | 10:00 PM ET

    *Could make it easier to find buyer for Nickel West division in Australia. SYDNEY, April 11- Breakthroughs in the way BHP Billiton processes nickel ores could help the world's biggest miner find a buyer for its ailing Nickel West division in Australia.

  • *Aluminium gains at risk given China slowdown. LONDON, April 4- Copper slipped on Friday on persistent investor concerns about slowing growth in top consumer China, though losses were limited as solid U.S. jobs data fed hopes that copper demand would pick up in the world's largest economy.

  • LAUSANNE, Switzerland, April 1- Private equity firms, which have been showing an increased interest in investing in the mining industry, will have a hard time even if they are betting on recovery in the longer term, the bosses of Anglo American and Glencore Xstrata said on Tuesday.

  • X2 secures $3.75 bln to create new mining firm Monday, 31 Mar 2014 | 4:04 AM ET

    LONDON, March 31- X2, the investment vehicle run by Mick Davies, the head of mining firm Xstrata before its takeover by Glencore, has raised $3.75 billion which will be used to create a medium-sized diversified mining company, it said on Monday.

  • China stimulus talk helps European shares to rebound Tuesday, 25 Mar 2014 | 7:45 AM ET

    *Miners gain most on China stimulus talk. Analysts said that any monetary easing by China, the world's biggest metals consumer, had potential to support metal prices and improve mining sector profits.

  • Investors who believe copper's recent price decline is limited to China are on the "path to ruin", warned Albert Edwards, Societe Generale's uber-bearish strategist.

  • Resources selloff may be overdone: Altair     Monday, 10 Mar 2014 | 12:43 AM ET

    Commenting on Monday's rout in Australian resources stocks due to poor\ Chinese trade data, Philip Parker, Chairman & CEO, Altair Investment Management, says the selloff may have been overdone.

  • LONDON, March 4- Glencore Xstrata posted forecast-beating core profit in the first set of full annual results since the commodities group was formed, helped by a strong performance from its trading arm offsetting a decline at its mining division.

  • SANTIAGO, Feb 28- Some investors are fretting over fragility in Chile's economy, dragging its currency to a multiyear low in recent weeks, but the world's top copper exporter has underlying strengths that should support it even if emerging markets face more volatility ahead.

  • Is BHP giving enough back to shareholders?     Monday, 17 Feb 2014 | 10:23 PM ET

    Mark Taylor, Senior Resources Analyst at Morningstar, says the firm's lower-than-expected dividend suggests that a buyback may be on the cards.

  • LONDON, Feb 14- Global miner Anglo American said its overhaul should gather pace in the next two years after initial improvements at its copper and iron ore mines helped annual operating profit beat forecasts.

  • SYDNEY, Feb 14- London copper climbed on Friday, underpinned by a weaker dollar and returning Chinese demand, shrugging off signs of a soft patch in the world's top economy after a bitter winter chilled retail sales in the United States. *The most-traded April copper contract on the Shanghai Futures Exchange was steady at 50,690 yuan a tonne.

  • Yellen's remarks push gold to a 3-month high Tuesday, 11 Feb 2014 | 4:39 PM ET

    Janet Yellen's remarks hinting the Fed will continue to taper pushed gold to a 3-month high.

  • Peter Akerley, President & CEO of Canada-based Erdene Resource Development, says Mongolia has been making progress in terms of mining regulations.

  • Feb 2- Canadian diversified miner Teck Resources Ltd is investigating another spill at its Trail smelting complex in British Columbia, but said on Sunday it does not expect the incident to have a long-term impact on fish or the environment. The sewer leads to a treatment plant that discharges into the Columbia River.

  • *Metals trade quietens ahead of Lunar New Year holiday. *Copper drifts to seven-week low. LONDON, Jan 29- Aluminium touched its weakest levels in more than four years on Wednesday on persistent worries of overproduction while copper dropped for a sixth session ahead of the week-long Lunar New Year holiday in Asia.

  • METALS-Copper, nickel fall ahead of Fed, Chinese New Year Wednesday, 29 Jan 2014 | 11:06 AM ET

    LONDON, Jan 29- Copper dropped for a sixth session and nickel lost ground on Wednesday as investors adjusted positions and realised gains ahead of the week-long Lunar New Year holiday in Asia. We've also seen long liquidations and some profit-taking on copper and nickel, " Barclays analyst Gayle Berry said.

  • Scott Maddock, Anlyst at Macquarie Private Portfolio Management, says he expects the iron ore market to remain strong, which should generate good returns for BHP Billiton shareholders

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