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Diversified Metals and Mining

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  • Gold Fields, the biggest decliner on the Top 40 index, was down 3.80 percent to 71.67 rand. Bigger rival AngloGold Ashanti, Africa's top bullion producer, sheds almost 2 percent. Gold shed 0.3 percent to $1,602.76 an ounce by 1119 GMT after earlier hitting $1,602.59, its weakest since March 19.

  • Striking miners at S.Africa's Exxaro return -union Monday, 25 Mar 2013 | 6:10 AM ET

    JOHANNESBURG, March 25- All striking miners at five collieries and a char plant owned by diversified mining firm Exxaro Resources have returned to work, with full production likely to resume on Wednesday, the Solidarity trade union said on Monday.

  • STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 09246 MT 25 Mar13- S.Africa' s Exxaro up, workers end strike------------------------------------------------------------. Exxaro, one of the nation's leading coal mining firms, is up 1.02 percent at 161.74 rand.

  • Exxaro says resolves dispute with miners Saturday, 23 Mar 2013 | 4:19 AM ET

    JOHANNESBURG, March 23- South Africa's diversified mining company Exxaro has resolved a dispute with workers that led to a strike and expects operations to resume on Monday, a spokesman said on Saturday.

  • S.African stocks fall for 5th day, M&A boosts Adcock Friday, 22 Mar 2013 | 11:47 AM ET

    JOHANNESBURG, March 22- South African stocks ended lower on Friday, extending losses into the fifth straight trading day, as investors worldwide dumped risky assets due to uncertainty over how euro zone leaders would bail out Cyprus.

  • S.Africa's Exxaro threatens to fire striking miners Wednesday, 20 Mar 2013 | 11:09 AM ET

    JOHANNESBURG, March 20- South African diversified mining firm Exxaro may dismiss the 3,200 coal miners who have embarked on an illegal strike at six of its operations if they refuse to return by next week, the company said on Wednesday.

  • JOHANNESBURG, March 20- Seven striking workers at Shanduka Coal's Graspan colliery in South Africa were admitted to hospital and nine were arrested on Tuesday after police fired rubber bullets during clashes with the miners, the company and police said on Wednesday.

  • Fortescue: Oversupply Concerns Overblown  Tuesday, 19 Mar 2013 | 11:35 PM ET

    Nev Power, CEO of Fortescue Metals tells CNBC why doesn't expect a drastic increase in new iron-ore supplies. He thinks prices will stay up in the long-term on stabilizing Chinese demand.

  • S.Africa's Exxaro gets court order to stop strike Tuesday, 19 Mar 2013 | 10:38 AM ET

    JOHANNESBURG, March 19- South African diversified mining firm Exxaro Resources said on Tuesday it had obtained a court order compelling illegal strikers at five of its collieries to return to work.

  • *Strikers reject 2,000 rand one-off offer. Violent labour unrest, including the police killing of 34 striking platinum miners, shut parts of South Africa's mining industry for months last year and further disruptions remain a concern.

  • S.Africa workers reject Exxaro pay offer to end strike Tuesday, 19 Mar 2013 | 4:59 AM ET

    JOHANNESBURG, March 19- South African diversified miner Exxaro said striking workers at five of its collieries had refused a one-off offer of 2,000 rand to get them to return to work.

  • JOHANNESBURG, March 19- Workers at South Africa's Palabora Mining have extended an underground protest, halting mining at the country's largest copper mine, the National Union of Mineworkers said on Tuesday. Palabora Mining, a member of the Rio Tinto Group, said underground operations had been suspended after the workers started their sit-in on Wednesday.

  • JOHANNESBURG, March 19- South Africa's benchmark share index fell for the third straight day on Tuesday, weighed down by mining companies as worries about the euro zone debt crisis dented metal prices.

  • *Dividend more than doubled from year ago to 98.5 cents per share. LONDON, March 12- Copper miner Antofagasta sought to brush off investor worries about short-term growth with better than expected 2012 dividends on Tuesday, as profits ticked higher in spite of lower copper prices.

  • Chilean Miner Antofagasta will continue to focus on controlling its costs, including power and labor charges, as falling demand from China could lead to a further drop in copper prices.

  • S.Africa stocks flat but Aspen surges Friday, 8 Mar 2013 | 11:00 AM ET

    JOHANNESBURG, March 8- South African stocks ended flat on Friday, as a surge in Aspen Pharmacare was offset by selling of mining heavyweights such as Gold Fields. Aspen rose 3.5 percent to 193.50 rand a day after Africa's biggest maker of generic drugs posted 17 percent growth in interim earnings and said it is looking to expand further in Asia.

  • *Spending $5.5 billion over five years. March 8- Goldcorp Inc, Canada's second-largest gold mining company, has no plans to diversify away from gold into other metals and remains focused on increasing its gold output, Chief Executive Chuck Jeannes said on Friday. The shares were barely changed at C $33.65 on Friday morning on the Toronto Stock Exchange.

  • JOHANNESBURG/ MARIKANA, March 7- The bloody first round of South Africa's mine union turf war is over and the clear winner on the platinum belt is the Association of Mineworkers and Construction Union. The violence that resulted included the killing of 34 striking miners by police near the Marikana mine run by platinum producer Lonmin in August last year.

  • *Glencore 2012 net income down 25 pct. *Glencore takes $1.2 billion hit on 9 pct RUSAL stake. LONDON, March 5- A rise in profits from trading helped Glencore offset lower prices in 2012, with net income down by a quarter as the commodities group prepares to seal a $34 billion takeover of miner Xstrata.

  • Stock in 60 Seconds: Rusal  Sunday, 3 Mar 2013 | 10:10 PM ET

    CNBC's Adam Bakhtiar looks at shares of Hong-Kong listed Rusal for the daily 'Stock in 60' segment after the world's largest aluminum producer reported a 63% fall in 2012 EBITDA.