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Precious Metals and Mining

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  • *Union talking to platinum firm Lonmin over job cuts. JOHANNESBURG, May 13- South Africa's Association of Mineworkers and Construction Union wants the basic pay for entry level workers in the gold mining sector to be more than doubled, setting the stage for tough pay talks in an industry battling dwindling profits. With dwindling profits and increasing costs,...

  • Commodities tomorrow: Crude ends up   Tuesday, 12 May 2015 | 4:00 PM ET
    Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. OPEC rebuffed the WSJ report saying prices would stay low. And fighting continued in Yemen.

  • Commodities tomorrow: Arctic goes to Shell   Monday, 11 May 2015 | 4:00 PM ET
    Commodities tomorrow: Shell to drill the Arctic

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was down on the day, as the dollar strengthened and a new OPEC report said the cartel was looking at prices under $100 for the long term.

  • LONDON, May 11- Platinum producer Lonmin is taking steps to cope with what it says could be at least two more years of depressed platinum prices after reporting another loss in the first half of its financial year. To try to turn around its fortunes, the world's third largest platinum miner last week announced last week a plan to cut 3,500 jobs to reduce costs...

  • LONDON, May 11- South African platinum producer Lonmin posted a smaller first-half loss on Monday and maintained its platinum sales forecast for the full year despite technical problems that hit its smelters earlier this year. London- listed Lonmin, which has also been hit by a drop in platinum prices, posted an interim pretax loss of $118 million, compared with a...

  • Commodities tomorrow: Profit taking in crude   Thursday, 7 May 2015 | 4:00 PM ET
    Commodities tomorrow: Profit taking in crude

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude closed under $59/barrel on profit taking.

  • LONDON, May 7- Platinum producer Lonmin is in talks with unions and employees to cut 3,500 jobs at its mines in South Africa, it said on Thursday, highlighting the distress low prices are causing South Africa's platinum industry. Like its peers, Lonmin was hit by a bruising five-month strike last year that cut production and dragged it into the red in the last...

  • SPECIAL REPORT-Why gold threatens Ivory Coast's peace Thursday, 7 May 2015 | 5:22 AM ET

    GAMINA, Ivory Coast, May 7- Nestled among the cocoa plantations of western Ivory Coast is a gold mine that does not feature on any official maps. The unlicensed mine is a key part of a lucrative business empire headed by the deputy commander of the West African nation's elite Republican Guard, United Nations investigators allege. A senior Ivorian army officer said...

  • Commodities tomorrow: $65 oil by Memorial Day?   Wednesday, 6 May 2015 | 4:00 PM ET
    Commodities tomorrow: $65 oil by Memorial Day?

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude continued higher again today. Traders believe it will continue higher.

  • By Silvia Antonioli and Morag MacKinnon. LONDON/ PERTH, May 6- BHP shareholders overwhelmingly approved the spin-off of new mining and metals group South32, clearing the way for a listing this month that will test investor sentiment towards the battered mining sector. More than 98 percent of votes cast at meetings in Perth and London on Wednesday were in favour...

  • LONDON, May 6- Gold edged down on Wednesday, as the impact of stronger European shares and higher U.S. real yields counteracted the effects of a weaker dollar and prospects that the Federal Reserve will not raise interest rates at its meeting in June. Spot gold was down 0.2 percent at $1,190.53 an ounce by 1011 GMT, while U.S. gold futures for June delivery lost $3.20...

  • Commodities tomorrow: Crude grinds higher   Tuesday, 5 May 2015 | 4:00 PM ET
    Commodities tomorrow: Crude grinds higher

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude crossed and closed over $60 today.

  • Commodities tomorrow: Gas up to $2.52   Monday, 4 May 2015 | 4:00 PM ET
    Commodities tomorrow: Gas up to $2.52

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude closed around $59. Meanwhile, gas prices continue to climb, hitting an average of $2.52/gallon.

  • --Clyde Russell is a Reuters columnist. The Toronto Stock Exchange- based index groups together the world's top gold producers, including No.1 Barrick Gold Corp, which is up 20.5 percent this year in U.S. dollar terms, and No.2 Newmont Mining Corp, which has gained 40 percent. The No.3 producer, Johannesburg- listed AngloGold Ashanti, is up 32 percent since the start of...

  • Commodities tomorrow: Crude closes in on $60   Thursday, 30 Apr 2015 | 4:00 PM ET
    Commodities tomorrow: Crude closes in on $60

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was up again today. Traders say oil seems to be stabilizing around $60, and could hit $70 by the end of the year.

  • LONDON, April 30- Gold steadied on Thursday, as the dollar dropped after the Federal Reserve confirmed a recent slowdown in the U.S. economy could hold off any interest rate hike for the time being. Gold, however, failed to entirely capitalise on the weaker dollar, which fell 0.4 percent versus a basket of leading currencies, on prospects the U.S. economy will...

  • Commodities tomorrow: Oil hits high for year   Wednesday, 29 Apr 2015 | 4:00 PM ET
    Commodities tomorrow: Oil hits high for year

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude hit its highest level this year as inventories were a little less than expected. Cushing stocks were down as well.

  • Barrick Gold takes backseat at Australia's Super Pit Wednesday, 29 Apr 2015 | 3:15 AM ET

    SYDNEY, April 29- Canada's Barrick Gold will relinquish some management duties at Australia's Super Pit gold mine to partner Newmont Mining, in a further pull-back from operations in the Southern Hemisphere. Barrick and Denver- based Newmont have long been 50-50 partners in the Kalgoorlie Consolidated Gold Mines, which operates the Super Pit, at one stage...

  • Commodities tomorrow: Oil mostly flat on day   Tuesday, 28 Apr 2015 | 3:54 PM ET
    Commodities tomorrow: Oil mostly flat on day

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Crude was slightly higher on the day. Traders are looking to tomorrow's inventory report, particularly the production numbers.

  • TORONTO, April 28- Barrick Gold Corp shareholders have voted to reject the gold miner's controversial executive compensation plan, Barrick Executive Chairman John Thornton said on Tuesday. So I want you to know that we have heard you loud and clear, "Thornton said at Barrick's annual meeting in Toronto. Although so-called say-on-pay votes are not mandatory in...