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Precious Metals and Mining

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  • Battle over ownership of giant emerald may be over Friday, 29 May 2015 | 7:22 PM ET

    Los Angeles County Superior Court Judge Michael Johnson tentatively ruled on Thursday that FM Holdings Inc. had established clear title to the Brazilian gem, which has been appraised at $372 million. Unless other parties object, the ruling will become final, then a judgment will be submitted and Johnson will sign off on it, said Andrew J. Spielberger, an attorney...

  • LONDON, May 29- Platinum miners betting on fuel cell vehicles to help boost demand for the precious metal and lift moribund prices are in danger of having their hopes dashed, at least in the medium term: electric and hybrid cars are taking a bigger share of the market. The world's three largest platinum producers Anglo American Platinum, Impala Platinum and Lonmin...

  • Commodities tomorrow: Record US production   Thursday, 28 May 2015 | 4:00 PM ET
    Commodities tomorrow: Record US production

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude and gas inventories were down today despite record US production.

  • The EPA last year proposed restrictions that would essentially block development of the massive gold-and-copper mine near the headwaters of a premier salmon fishery in southwest Alaska. As part of the litigation, Holland ordered in December that the EPA stop all work related to the process pending a ruling on the merits of the case. In 2011, the EPA, petitioned...

  • --Clyde Russell is a Reuters columnist. Of course, it's easy to dismiss participants at the SGX Iron Ore Forum and the Asia Mining Congress in Singapore, the Asia Oil& Gas Conference in Kuala Lumpur and the LME Week Asia in Hong Kong as talking their books, or at least to their hopes. Where the cautious optimism was most evident was in the investment community, attending...

  • SINGAPORE, May 28- Gold struggled to recover from a two-week low on Thursday as a robust dollar and the prospects of higher U.S. interest rates dented demand for the metal. *Spot gold was little changed at $1,186.95 an ounce by 0048 GMT, not far from a two-week low of $1,183.76 reached in the previous session. *Greece and its international creditors have converged on...

  • Commodities tomorrow: Oil continues slide   Wednesday, 27 May 2015 | 4:00 PM ET
    Commodities tomorrow: Oil continues slide

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Oil prices were down again today, and traders think the downward slide is likely to continue.

  • Two die in illegal gold mine near Tahoe project in Peru Wednesday, 27 May 2015 | 2:06 PM ET

    LIMA, May 27- A 17- year-old boy and a 21- year-old man working in an illegal gold mine in northern Peru near Tahoe Resources Inc Shahuindo project died after inhaling noxious fumes 500 feet underground, a public prosecutor said on Wednesday. Tahoe Resources did not immediately respond to requests for comment. Shahuindo was acquired by Tahoe Resources in...

  • VANCOUVER/ TORONTO May 26- Barrick Gold Corp's first step to long-promised partnerships with China, as well as progress in reaching an ambitious debt-cutting goal, are turning skeptical investors warmer toward the world's biggest gold miner. Barrick said on Tuesday it would sell a stake in its Porgera mine in Papua New Guinea mine to China's Zijin Mining Group,...

  • Commodities tomorrow: Oil range-bound for summer?   Tuesday, 26 May 2015 | 4:00 PM ET
    Commodities tomorrow: Oil range-bound for summer?

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. A stronger dollar and a flattening rig count number helped push down crude prices.

  • TORONTO, May 26- Barrick Gold Corp said on Tuesday it has forged a strategic tie-up with Zijin Mining Group Co and agreed to sell the Chinese miner a stake in a mine in Papua New Guinea as a first step toward further collaboration. Thornton, who took over the reins at Barrick from Peter Munk in 2014, spent years working in China after stepping down from a senior role at...

  • May 26- Canadian miner Barrick Gold Corp said it would sell 50 percent stake in its unit that manages the Porgera gold mine in Papua New Guinea to China's Zijin Mining Group Co Ltd for $298 million in cash. The deal, a part of Barrick's plan to reduce net debt by at least $3 billion by the end of the year, comes a day after the world's largest bullion producer sold its...

  • May 26- Canadian miner Barrick Gold Corp said it would sell 50 percent stake in its unit that manages the Porgera gold mine in Papua New Guinea to China's Zijin Mining Group Co Ltd for $298 million in cash. The unit, Barrick Niugini, owns 95 percent in the Porgera mine and the Papua New Guinea owns the rest. After the sale, Zijin and Barrick will jointly control Barrick...

  • Australia's gold miners drive M&A revival Monday, 25 May 2015 | 10:08 PM ET

    SYDNEY, May 26- Gold miners are spearheading a wave of merger and acquisition activity in Australia, riding a rebound in local gold prices to pounce on projects promising quick growth. We've seen more M&A in Australia in 2015 than in the past five years, " Ian Murray, chairman of Perth- based Gold Road Resources Ltd told Reuters, referring broadly to the level of...

  • SINGAPORE, May 26- Gold was stuck in a tight trading range above $1,200 an ounce on Tuesday, as the dollar firmed near a one-month peak against a basket of major currencies on prospects of higher U.S. interest rates this year. *Spot gold was steady at $1,206 an ounce by 0037 GMT. *The greenback was also boosted by weakness in the euro, which was pressured on worries Greece...

  • *Fed Chair Janet Yellen speech awaited. LONDON, May 22- Gold rose on Friday as the dollar's rally stalled ahead of U.S. inflation data, but the precious metal was still on course for its biggest weekly decline in four weeks. "We get inflation data from the U.S. economy and comments from Yellen later today, which will impact short-term price direction," Danske Bank senior...

  • NEW YORK/ LONDON, May 22- U.S. mining financier Oskar Lewnowski is preparing to launch a base and precious metals fund, sources say, his latest step in recreating the famed trading and investment enterprise he co-founded a decade ago, Red Kite. Two years after striking out on his own to create private equity investment firm Orion Resource Partners, the 50- year-old...

  • SINGAPORE, May 22- Gold held steady just above $1,200 an ounce on Friday, remaining on course for its steepest weekly decline in four weeks as the dollar regained momentum, hurting the metal's safe-haven appeal. *Spot gold was little changed at $1,207.01 an ounce by 0048 GMT, after dropping 0.3 percent in the previous session. *Data from Thomson Reuters' Lipper...

  • JOHANNESBURG, May 21- South Africa's National Union of Mineworkers will push for an 84 percent rise in basic pay for entry-level gold mining workers, a near 10 percentage-point increase on previous demands, according to documents obtained by Reuters on Thursday. They show that the NUM, which represents 57 percent of the workforce in the goldmining industry,...

  • Commodities tomorrow: Crude climbs   Thursday, 21 May 2015 | 4:00 PM ET
    Commodities tomorrow: Crude climbs

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was up $1.74 to cross the $60 threshold.