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Precious Metals and Mining

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  • 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.

  • Commodities tomorrow: Production down, crude up   Wednesday, 20 May 2015 | 4:00 PM ET
    Commodities tomorrow: Production down, crude up

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • India's gold monetisation plan lacks lustre - industry Wednesday, 20 May 2015 | 9:24 AM ET

    *Banks worry over operational costs. SINGAPORE/ MUMBAI, May 20- A proposal in India to attract thousands of tonnes of gold owned by households into a bank deposit scheme will likely fail in its current form as it does not address some key concerns for banks and consumers. Deposit schemes, similar to the one proposed on Tuesday by the Narendra Modi- led government, have...

  • EU lawmakers seek ban on "blood metals" in surprise vote Wednesday, 20 May 2015 | 9:12 AM ET

    The result is set to paralyse the bill because European Union governments say firms across the 28 EU countries cannot track materials from small mines all the way through commodity exchanges to component manufacturers and the final product. Greens, centre-left and protest lawmakers from the far-left and far-right gained critical mass in the vote to...

  • Commodities tomorrow: Traders play crude ranges   Tuesday, 19 May 2015 | 4:00 PM ET
    Commodities tomorrow: Traders play crude ranges

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was under pressure today as the dollar continued to rally.

  • Commodities tomorrow: Dollar strong, crude down

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was down on a stronger dollar.

  • LIMA, May 18- Some mining unions in Peru took part in a national strike on Monday but plans for a wider stoppage were upended at several large mines because workers feared losing their jobs and companies resorted to replacement labor. Iron output from the Peru unit of Shougang Group Co Ltd had been halted as workers downed tools, said union leader Julio Ortiz.