April 21- A takeover battle for Canada's Osisko Mining Corp, involving three of the world's top gold producers, is more than just a testament to the quality of the company's low-cost mine, it also spotlights a shortage of top-class gold assets in politically stable areas of the world.» Read More
*Canadian company ready to mine off Papua New Guinea. NEWCASTLE, England/ LONDON, April 18- The world's first deep sea mining robot sits idle on a British factory floor, waiting to claw up high grade copper and gold from the seabed off Papua New Guinea- when a wrangle over terms is solved. The world waits for the judgement of a United Nations agency based in Jamaica.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil closed up on the day, and nat gas closed up, as well, while gold was down on the day.
NEW YORK/ LONDON, April 17- Platinum prices fell to their lowest in more than two weeks on Thursday, reversing initial gains after South Africa's biggest platinum producers offered to raise wages for miners in a bid to end a 13- week-old strike that has curbed metal output.
Gold in particular has fallen from more than $1,500 an ounce in early 2013 to briefly below $1,200 at the start of this year. "We're not expecting miraculous numbers," said Elvis Picardo, strategist and vice president of research at Global Securities in Vancouver.
BEIJING, April 17- China said on Thursday it would appeal against a World Trade Organization ruling that found it violated global trade rules with its export limits on rare earth minerals used in defence and technology products. China lost a WTO dispute in March, handing Europe and the United States a victory over what they see as China's unfair trade practices.
Barrick Gold Corp. fell$. 22 or 1.2 percent, to $18.32. Gold Fields rose$. 03 or. 7 percent, to $4.06. Newmont Mining Corp. fell$. 09 or. 4 percent, to $23.75.
Hecla Mining Co. fell$. 06 or 1.9 percent, to $3.11. Pan American Silver Corp. fell$. 20 or 1.5 percent, to $13.06. Silver Wheaton fell$. 20 or. 9 percent, to $22.09.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil was up slightly on the day in spite of a 10 million barrel build. Nat gas remained over $4.50, and gold was up a bit at the close.
Wheat for July delivery fell 15 cents to $6.95 a bushel. Corn edged down 6 cents to $4.98 a bushel. May silver rose 15 cents to $19.63 an ounce, May copper rose 4 cents to $3.03 a pound and June palladium rose $6.40 to $802.30 an ounce.
NEW YORK— Shares of some top gold companies are mixed at 1 p.m.:. Barrick Gold Corp. fell$. 15 or. 8 percent, to $18.39. Newmont Mining Corp. fell$. 07 or. 3 percent, to $23.77.
Hecla Mining Co. fell$. 03 or 1.0 percent, to $3.14. Pan American Silver Corp. fell$. 14 or 1.1 percent, to $13.12. Silver Standard Resources Inc. fell$. 07 or. 7 percent, to $9.84.
NEW YORK— Shares of some top gold companies are mixed at 10 a.m.:. Barrick Gold Corp. fell$. 13 or. 7 percent, to $18.41. Newmont Mining Corp. fell$. 05 or. 2 percent, to $23.79.
Hecla Mining Co. fell$. 04 or 1.3 percent, to $3.13. Pan American Silver Corp. fell$. 13 or 1.0 percent, to $13.13. Silver Standard Resources Inc. fell$. 11 or 1.1 percent, to $9.80.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. A volatile day for stocks, but commodities were not. Crude was down slightly, but could be ready to break out because of Ukraine. Gold closed down $27 on the day, it's worst drop for the year. And nat gas
SINGAPORE, April 15- Gold was trading near its highest in three weeks on Tuesday as heightened tensions between the West and Russia over Ukraine lifted the metal's safe-haven appeal. Palladium continued to hold near its highest since August 2011 on worries over supply constrains from Russia and South Africa, the top two producers of the metal.
Barrick Gold Corp. rose$. 21 or 1.1 percent, to $18.83. Gold Fields rose$. 03 or. 7 percent, to $4.08. Newmont Mining Corp. rose$. 18 or. 7 percent, to $24.41.
Hecla Mining Co. rose$. 11 or 3.5 percent, to $3.22. Pan American Silver Corp. rose$. 23 or 1.8 percent, to $13.33. Silver Standard Resources Inc. rose$. 16 or 1.6 percent, to $10.40.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was up on strong volume and fears from Ukraine. Gold saw some buying in spite of a stronger dollar. And platinum was higher on a possible mine workers strike in South Africa.
*Separatist unrest spreads in Ukraine, boosting gold. NEW YORK/ LONDON, April 14- Gold rose to a three-week high on Monday as renewed concerns over the escalation of hostilities in Ukraine prompted investors to add positions in bullion as a hedge, while supply fears lifted palladium prices to a fresh 2-1/ 2 year peak.
Hecla Mining Co. rose$. 11 or 3.4 percent, to $3.21. Pan American Silver Corp. rose$. 30 or 2.3 percent, to $13.40. Silver Standard Resources Inc. rose$. 18 or 1.8 percent, to $10.42.