LIMA, Peru— The clock has run out for an estimated 40,000 illegal gold miners who had until Saturday to legalize their status in a region of southeastern Peru where fortune-seekers have ravaged rainforests and contaminated rivers.» Read More
Nov 13- Kinross Gold Corp said on Wednesday it is making further cuts to its employee numbers and capital spending as the Toronto- based gold miner reported a steep drop in third-quarter earnings, hurt by weaker gold prices. Gold prices, trading at $1,272 on Wednesday, have fallen 24 percent this year.
MELBOURNE, Nov 14- Rio Tinto is set to submit a mine plan to U.S. authorities this week for its $6 billion Resolution project in Arizona, which could become the largest copper producer in North America, a spokesman said on Thursday.
LONDON, Nov 13- Copper tumbled to its lowest level in three months on Wednesday after a U.S. People are coming out of the woodwork, "said Vicky Sanders, head of analytics sales at broker Marex Spectron in London. Three-month copper on the London Metal Exchange closed down 2 percent at $6,980 a tonne, after touching a low of $6,956, the weakest since Aug. 7.
MOSCOW, Nov 13- Russian mining group Mechel lost 40 percent of its market value in Moscow on Wednesday, hit by concerns over a proposed debt restructuring that the company called speculative.
LONDON, Nov 13- Copper tumbled to its lowest level in three months on Wednesday after a U.S. People are coming out of the woodwork, "said Vicky Sanders, head of analytics sales at broker Marex Spectron in London.
CALGARY, Nov 13- Canada on Wednesday renewed its attack on the European Union's plan to classify Canadian tar sands oil as particularly dirty and released a study questioning the data behind the controversial measure. Canada has the world's third-largest proven reserves of crude, much of which is locked in the tar sands of Alberta.
LONDON, Nov 13- Copper fell to its lowest in two months on Wednesday on a looming surplus and as the dollar rose against the euro after a Federal Reserve official raised the prospect of a retreat from monetary stimulus next month.
MOSCOW, Nov 13- Canadian miner Uranium One Holding, acquired this year by Russian state-owned reactor builder and supplier Rosatom, said it would freeze expansion projects in Russia and elsewhere due to low uranium prices. "Given the unfavourable market environment, we have decided to freeze expansion projects both in Russia and abroad," Zhivov said.
LONDON/ MELBOURNE, Nov 12- When a Chinese official said his country wanted half its iron ore imports to come from firms with Chinese involvement in five to 10 years, investors bet West Africa would benefit.
*Johnson Matthey expects market deficit in platinum. NEW YORK/ LONDON, Nov 12- Gold fell 1 percent on Monday, dropping to its lowest in nearly a month, as bullion investors reduced positions on lingering fears that the U.S.
*Infineon knocked by weak sales and outlook. LONDON, Nov 12- European shares fell on Tuesday, drifting away from near five-year highs after a poor revenue report from German chip maker Infineon highlighted weak domestic demand, which is weighing on this quarterly earnings season.
*Platinum set to average $1,465/ oz in next 6 months. Refiner Johnson Matthey said on Tuesday in its Platinum 2013 Interim Review that the platinum market was expected to show a shortfall of 605,000 ounces this year from 340,000 ounces last year.
*Infineon and Vodafone both knocked by weak sales. Vodafone, the world's second-biggest mobile operator, dropped 0.6 percent after reporting a 4.9 percent drop in quarterly organic service revenue, hit by very weak trading in Europe.
LONDON, Nov 12- Strong investment and industrial demand will push the platinum market in 2013 into its biggest deficit for 14 years, refiner Johnson Matthey said on Tuesday. Johnson Matthey expects to see platinum prices in a range of $1,360 to $1,580 over the next six months, with an average of $1,465 which is only slightly above current prices at $1,430 an ounce.
*China bonded premiums rise by $5 to $190- $205- Shmet. SINGAPORE, Nov 12- London copper slipped on Tuesday from one-week highs hit the session before, as traders showed caution ahead of indications on policy from top consumers China and the United States. China accounts for roughly 40 percent of refined metals demand.
SINGAPORE, Nov 12- London copper slipped on Tuesday from one-week highs hit the session before, as traders showed caution ahead of expected major policy announcements from top consumer China.
LONDON, Nov 11- South African platinum miner Lonmin returned to an annual profit after losses resulting from fatal strikes in 2012 and said it hoped wage talks, though "tough", would avoid disruption this year.
LONDON, Nov 11- South African platinum miner Lonmin posted a forecast-beating annual pretax profit of $140 million on Monday, recovering from a heavy loss last year, as both sales and an effort to contain cost increases exceeded its targets.
*Copper specs slash net longs by 13,018 lots to 87,689- CFTC. SINGAPORE, Nov 11- Copper steadied on Monday after last week logging its biggest weekly fall in two months, with a pick-up in Chinese factory output and a revival in U.S. job growth burnishing hopes for a global economic recovery and supporting the outlook for demand.
Nov 8- A 90- car train carrying North Dakota crude derailed and exploded in a rural area of western Alabama early on Friday, leaving 11 cars burning and potentially bolstering the push for tougher regulation of a boom in moving oil by rail. A local official said the crude oil had originated in North Dakota, home of the booming Bakken shale patch.
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