Precious Metals and Minerals Mining
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JAKARTA, May 18- Freeport McMoRan Copper& Gold Inc said on Saturday that rockfalls were hampering rescue efforts after a tunnel collapse four days ago at its giant Indonesian copper mine, with hopes fading of finding alive any of the 23 still missing.
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Barrick Gold Corp. fell$. 68 or 3.5 percent, to $18.58. Gold Fields Ltd ADS fell$. 32 or 5.2 percent, to $5.81. Newmont Mining Corp. fell$. 80 or 2.5 percent, to $30.63.
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Hecla Mining Co. fell$. 05 or 1.6 percent, to $3.17. Pan American Silver Corp. fell$. 34 or 2.8 percent, to $11.74. Silver Standard Resources Inc. fell$. 22 or 3.4 percent, to $6.30.
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Hecla Mining Co. fell$. 02 or. 6 percent, to $3.20. Pan American Silver Corp. fell$. 20 or 1.6 percent, to $11.89. Silver Standard Resources Inc. fell$. 19 or 2.9 percent, to $6.33.
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NEW YORK-- Shares of some top gold companies are down at 1 p.m.:. Barrick Gold Corp. fell$. 42 or 2.2 percent, to $18.84. Newmont Mining Corp. fell $1.04 or 3.3 percent, to $30.39.
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LONDON, May 17- South Africa's mining industry can ill afford to offer wage rises during talks that are about to start with a new and unpredictable union, so it may well face fresh strikes, Impala Platinum said on Friday.
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NEW YORK-- Shares of some top gold companies are down at 10 a.m.:. Barrick Gold Corp. fell$. 27 or 1.4 percent, to $18.99. Newmont Mining Corp. fell$. 74 or 2.4 percent, to $30.69.
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Hecla Mining Co. fell$. 01 or. 3 percent, to $3.21. Pan American Silver Corp. fell$. 13 or 1.0 percent, to $11.96. Silver Standard Resources Inc. fell$. 14 or 2.1 percent, to $6.38.
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JOHANNESBURG, May 17- The leader of South Africa's biggest platinum mining union threatened on Friday to bring Africa's No. 1 economy "to a standstill" and demanded a meeting with President Jacob Zuma, ramping up the rhetoric in an 18- month labour crisis.
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*Tension between union, Freeport could spook investors. JAKARTA, May 17- Freeport McMoRan Copper& Gold Inc's Indonesian copper mine should remain closed for an investigation into a tunnel collapse that has left five dead and 23 missing, a trade union leader said on Friday.
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*Gold's 7- session drop is longest losing streak in 4 years. SINGAPORE, May 17- Gold fell on Friday for a seventh straight session, in its longest losing streak since March 2009, as the dollar strengthened and investors cut exposure to the precious metal, fearing further drops and choosing equities instead.
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Barrick Gold Corp. fell$. 18 or. 9 percent, to $19.26. Gold Fields Ltd ADS rose$. 07 or 1.2 percent, to $6.13. Newmont Mining Corp. fell$. 14 or. 4 percent, to $31.43.
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Hecla Mining Co. rose$. 12 or 3.9 percent, to $3.22. Pan American Silver Corp. rose$. 13 or 1.1 percent, to $12.08. Silver Standard Resources Inc. rose$. 03 or. 5 percent, to $6.52.
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*Government-controlled Congress likely to approve reforms. QUITO, May 16- Ecuador's government on Thursday presented a mining bill to Congress that should pave the way for the signing of contracts with several investors, including Canada's Kinross Gold Corp..
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CNBC's Bertha Coombs discusses the day's activity in the commodities markets. After the dollar slipped, oil and gasoline futures climbed a bit. Nat gas was down on a bigger-than-expected build. A mixed picture in the metals markets, as well.
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*Gold falls for sixth sessions, first time in four years. NEW YORK, May 16- Most commodity markets slipped on Thursday, after a slew of U.S. economic readings pointed to pockets of weakness that investors feared could slow demand, and gold eased as investors rotated into equity markets, which have outperformed the precious metal this year.
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NEW YORK-- Shares of some top gold companies are mixed at 1 p.m.:. Barrick Gold Corp. fell$. 12 or. 6 percent, to $19.32. Newmont Mining Corp. rose$. 04 or. 1 percent, to $31.61.
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Hecla Mining Co. rose$. 10 or 3.2 percent, to $3.20. Pan American Silver Corp. rose$. 14 or 1.2 percent, to $12.10. Silver Standard Resources Inc. rose$. 05 or. 7 percent, to $6.54.
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PHOENIX-- Mining company Freeport-McMoRan Copper& Gold, which is on the process of acquiring Plains Exploration& Production Co., said Thursday that about 46 percent of that company's shareholders have elected to receive stock for their shares, while 29 percent have chosen to receive cash.
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JOHANNESBURG, May 16- Miners at South Africa's Anglo American Platinum will down tools late Thursday or Friday, labour leaders said, in an escalation of unrest that sent the company's shares lower and the rand to a four-year low.