Barrick Gold Corp. fell$. 53 or 2.9 percent, to $17.86. Gold Fields fell$. 11 or 2.3 percent, to $4.73. Newmont Mining Corp. fell$. 68 or 2.5 percent, to $26.41.» Read More
DAKAR/ LONDON, April 9- A Guinea government report recommended that BSG Resources be stripped of two iron ore concessions, saying the company and a joint venture it owns with Brazilian mining giant Vale obtained the rights by corruption.
*China trade balance, GDP data in focus. *Copper surplus looms as mine supply ramps-up. LONDON, April 9- Nickel prices surged to their highest in over a year on Wednesday on persistent worries about shortages due to Indonesia's ban on ore exports but copper eased on concerns about economic growth in top metals consumer China.
SANTIAGO, April 9- Top copper mining executives have flocked to Santiago, Chile to discuss the state of the industry as concerns about oversupply and a credit crisis in China, the world's No. 1 industrial metal user, weigh on prices and sentiment. DIEGO HERNANDEZ, ANTOFAGASTA PLC CHIEF EXECUTIVE OFFICER. On mining challenges in Chile:.
JOHANNESBURG, April 9- South Africa's National Union of Mineworkers is winning back members on the platinum belt from rival AMCU and is poised to regain recognition status at one of Anglo American Platinum's mines, its general secretary said on Wednesday.
BOGOTA, April 9- Colombia's largest cement maker, Argos, said on Wednesday it will pay 50 million euros for a French Guiana company owned in equal parts by Lafarge and Holcim, two days after those companies announced a merger. Holcim said on Monday that it would buy Lafarge, creating the world's largest cement maker, with combined annual sales of $44 billion.
MOSCOW, April 9- Russia's biggest gold miner Polyus Gold is considering delisting from London, Kommersant newspaper said on Wednesday, which would make it the first Russian company to heed a call by officials to bring assets home to survive Western sanctions.
*China trade balance, GDP data in focus. *Copper surplus looms as mine supply ramps-up. LONDON, April 9- Copper eased on Wednesday, slipping from a one-week high hit in the previous session, depressed by concern that an economic slowdown in top consumer China could hit demand for industrial metals.
*Prices for stocks at China ports up more than 15 pct. HONG KONG, April 9- Producers of an alternative to refined nickel in China are expected to cut output as prices for ore imports have nearly doubled since end-February in the wake of a ban on shipments by top exporter Indonesia.
MOSCOW, April 9- Russia's biggest gold miner Polyus Gold is considering delisting from London, Kommersant newspaper said on Wednesday, the first Russian company to suggest it may heed a call by officials to bring assets home to survive Western sanctions.
*Signs of demand pick up in China's physical markets- Standard Bank. SYDNEY, April 9- London copper slipped on Wednesday below one-week highs touched in the previous session, after a China state agency said the window for stimulus measures was narrowing.
MOSCOW, April 9- Russia's largest steelmaker, Evraz, posted on Wednesday a 2013 net loss of $572 million, 35 percent deeper than in 2012 due to "cyclical headwinds" and said the political standoff with Ukraine could hit its business.
SYDNEY, April 9- London copper hovered near one-week highs on Wednesday, underpinned by a weaker dollar and expectations demand from top consumer China would modestly improve in the seasonally strong second quarter. *The most-traded July copper contract on the Shanghai Futures Exchange was up 0.1 percent at 46,760 yuan a tonne.
Alcoa reported quarterly earnings that beat analysts' expectations on Tuesday, but revenue narrowly missed estimates.
JOHANNESBURG/ LONDON, April 8- As a strike by South African platinum miners enters its eleventh week, the likelihood that employers will bow to demands for better pay is receding and a drastic overhaul of the loss-making industry is looking more inevitable.
NEW YORK, April 8- Magellan Midstream Partners, the U.S. In a presentation made to investors on Tuesday, Magellan said of the $950 million it plans to spend between 2014 and 2016, 80 percent will go to crude oil projects primarily in and around Texas and its shale oil plays.
KINSHASA, April 8- Democratic Republic of Congo has improved its business environment but plans to raise mining taxes could deter investors in a country where massive infrastructure challenges remain, the CEO of a major foreign miner said.
SANTIAGO, April 8- Chile's mining minister told Reuters on Tuesday it expected to give state copper producer Codelco more funds this year than the state allocated the world No. 1 red-metal miner in 2013..
NEW YORK, April 8- Anglo American may exit its Michiquillay copper project in Peru, its biggest copper project, the company's copper chief has warned, the latest sign that miners are reviewing expansion plans on low prices and uncertainty over China.
*Anglo could exit Michiquillay project- Copper CEO. SANTIAGO, April 8- Global miner Anglo American may exit its Michiquillay copper project in Peru amid capital constraints, the new chief executive for copper said as he warned that red metal prices will remain weak in the short-term on uncertain Chinese growth.
SYDNEY, April 8- London copper was steady and in a narrowing trading band on Tuesday as top consumer China returned from holiday, with traders expecting the strength of Chinese appetite to help spur a technical breakout in near term direction. *The most-traded July copper contract on the Shanghai Futures Exchange edged up 0.4 percent to 46,690 yuan a tonne.
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