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Diversified Metals and Mining

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  • Glencore appoints first female board director Thursday, 26 Jun 2014 | 5:02 AM ET

    LONDON, June 26- Glencore, the last British blue-chip company with an all male board, has appointed Patrice Merrin as its first female board director. In May, Glencore chairman and former BP boss Tony Hayward said that the company would appoint a female director by the end of the year.

  • Copper loses its luster - where next? Thursday, 12 Jun 2014 | 10:19 AM ET

    Prices of copper – the industrial metal used in everything from cars to houses – have declined this week, heading towards a one-month low.

  • CANADA STOCKS-China data helps drive TSX higher Tuesday, 3 Jun 2014 | 4:53 PM ET

    *B2Gold drops after plan to acquire Australia's Papillon. TORONTO, June 3- Canada's benchmark stock index rose for a third straight session on Tuesday, driven by gains in the share prices of energy producers and financial companies, as positive economic data from China boosted sentiment.

  • NYANDENI, South Africa May 29- Mining accounts for a fraction of South Africa's gross domestic product but still hits well above its weight and is pushing the continent's most advanced economy towards recession.

  • SYDNEY, May 28- London copper steadied on Wednesday after hitting a near three-month peak the previous day with prices supported by improving demand in top consumer China, while London nickel firmed as unrest at a New Caledonian mine kept supply threats in focus.

  • SYDNEY, May 28- London nickel firmed on Wednesday as unrest at a New Caledonian mine kept supply threats in focus amid expectations for a supply deficit as soon as next year, while London copper drifted from near three-month peaks. *LME copper edged down by 0.3 percent to $6,915.50 a tonne by 0126 GMT, after closing flat the previous session.

  • BHP Billiton says it may cut jobs at Worsley Alumina Tuesday, 27 May 2014 | 9:06 AM ET

    LONDON, May 27- BHP Billiton, the world's largest diversified mining company, may cut jobs at its Worsley Alumina operations in Australia after completing a review of the business, the company said on Tuesday.

  • LONDON, May 20- Global miners and commodity traders are using multiple strategies to lock in favorable rates for shipping costs, anticipating a freight market recovery after years of turmoil.

  • Cool commodities? Mining stocks back in vogue Monday, 12 May 2014 | 7:22 AM ET

    Mining stocks have fallen out of favor, but just when things could have turned from bad to worse it appears that the sector is the new contrarian play for 2014.

  • Union plus Rustenburg mines could sell for $1- 2 bln- analysts. LONDON/ JOHANNESBURG, April 25- If Anglo American pushes ahead to divest underperforming platinum assets, a sale to a small South African company that specialises in squeezing profit out of mines nearing the end of their lives is seen as the most likely option.

  • SINGAPORE, April 23- London copper futures edged lower on Wednesday ahead of reading on China's manufacturing activity, with a further contraction likely to cut the appetite for risky assets, although nickel hit the highest in more than 14 months on tighter supply.

  • *To restart Pend Oreille zinc mine at a cost of C $45 mln. Teck also said it plans to resume production at its Pend Oreille underground zinc mine, which has been idle since 2009. The company said zinc has the best outlook of the base metals. The capital cost of restarting Pend Oreille is pegged at about $41 million.

  • April 22- Diversified Canadian miner Teck Resources Ltd said it would cut about 600 jobs, or 5 percent of its global workforce, after a sharp fall in earnings and revenue in the first quarter.

  • SYDNEY, April 16- Australian miners are racing ahead with plans to expand iron ore production to capture more of the Chinese market for the steelmaking ingredient, amid strong competition from the world's biggest supplier Vale of Brazil.

  • 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.