Materials and Metals


  • European Union seeks to stem use of conflict minerals Wednesday, 5 Feb 2014 | 8:56 AM ET

    BRUSSELS, Feb 5- The EU's trade chief will present a voluntary scheme in March aimed at stemming the import of minerals from conflict zones and prevent mining them from financing war and strife, EU officials said on Wednesday.

  • CAPE TOWN, Feb 5- South Africa hosts the annual Africa mining conference but the country is a hard sell at its own party. Outside investors are increasingly wary of South Africa's mining sector and extra salt is being rubbed into its reputational wound as the conference coincides with a massive strike in its platinum shafts.

  • Europe shares halt 2-week selloff in technical rebound Wednesday, 5 Feb 2014 | 7:08 AM ET

    *FTSEurofirst 300, Euro STOXX 50 up 0.2 pct. PARIS, Feb 5- European stocks inched up in early trade on Wednesday, halting a two-week selloff, although concerns about global growth and emerging market currencies kept investors on edge.

  • *Copper stocks in LME warehouses drop further to 311,225 T. *China markets closed until Friday. LONDON, Feb 5- Copper prices rose on Wednesday, rebounding from two-month lows hit in the previous session, boosted by encouraging factory orders data from the United States overnight and limited short-term availability of the metal in the physical market.

  • European shares halt sell-off; Swatch jumps Wednesday, 5 Feb 2014 | 3:55 AM ET

    *FTSEurofirst 300 up 0.3 pct, Euro STOXX 50 up 0.1 pct. PARIS, Feb 5- European stocks inched up in early trade on Wednesday, halting a two-week selloff, but underlying worries about global growth and emerging market currencies kept investors on edge.

  • LONDON, Feb 5- European shares slipped for a fourth straight session on Wednesday, with concerns about earnings and the pace of global economic recovery prompting investors to further trim their equity exposure.

  • SPECIAL REPORT-Areva and Niger's uranium fight Wednesday, 5 Feb 2014 | 1:59 AM ET

    *Areva and Niger at odds over uranium money. ARLIT, Niger/ PARIS, Feb 5- When France began mining uranium ore in the desert of northern Niger in the early 1970 s, Arlit was a cluster of miners' huts stranded between the sun-blasted rocks of the Air mountains and the sands of the Sahara.

  • Feb 4- Private equity-owned Continental Building Products Inc's initial public offering was priced at $14 per share, an underwriter told Reuters, significantly below its expected range of $16- $18.

  • Feb 4- Newmont Mining Corp expects to be able to continue with normal operations at its Batu Hijua copper-gold mine in Indonesia for the next couple of months while it tries to resolve an export impasse with the government, Chief Executive Gary Goldberg said.

  • West Virginia Secretary of State Natalie Tennant asked lawmakers at a Senate Environment and Public Works Committee hearing to support a 10- year study into the effects of the Jan. 9 spill into the Elk River near Charleston, the state capital.

  • TORONTO, Feb 4- Silver Standard Resources Inc said on Tuesday it will buy the Marigold mine in Nevada for $275 million in cash from joint owners Goldcorp Inc and Barrick Gold in a move aimed at its boosting its gold exposure.

  • Feb 4- The U.S. Food and Drug Administration rejected a migraine drug made by Israel's RedHill Biopharma Ltd and Canada's IntelGenx Corp.. The FDA raised questions about the third-party manufacturing process, as well as the packaging and labeling of the drug, called RHB-103, the companies said in a statement.

  • CAPE TOWN, Feb 4- The chief executive of Kumba Iron Ore, a unit of Anglo American, said he expected South Africa to grant a key mining licence for the company's expansion programme by the end of the first half of the year.

  • International Paper 4th-qtr profit nearly doubles Tuesday, 4 Feb 2014 | 7:23 AM ET

    Feb 4- International Paper Co, the largest North American producer of corrugated shipping boxes, said on Tuesday that fourth-quarter profit nearly doubled due in part to strong sales to Amazon.com Inc and other retail customers.

  • Kumba sees iron ore price fall in second half 2014 Tuesday, 4 Feb 2014 | 6:10 AM ET

    CAPE TOWN, Feb 4- The chief executive of South Africa's Kumba Iron Ore expects iron ore prices to remain stable in the first half of 2014 and then soften in the second half, as more supply from large producers comes on stream, he said on Tuesday.

  • Feb 4- Silver Standard Resources said it will buy the Marigold mine in Nevada for $275 million in cash from joint owners Goldcorp Inc and Barrick Gold in a deal that would provide the Canadian miner more exposure to gold.

  • SINGAPORE, Feb 4- Gold ticked higher for a second session on Tuesday as Asian equities looked set to follow the sharp decline on Wall Street and investors worried over U.S. economic growth after weak manufacturing data. *Gold is considered as a safe-haven asset to risky assets such as stocks.

  • JAKARTA, Feb 4- Indonesia's mines minister, Jero Wacik, has been on an unusual mission in recent months: finding a way out of implementing his own government's policy. A smiling, well-rehearsed politician, Wacik was earlier tourism minister, pushing the charms of his native Bali island and other Indonesian attractions.

  • SAO PAULO, Feb 3- A drop in natural gas prices caused by a shale gas boom in the United States is hurting Brazilian petrochemical company profits by reducing pricing power and making them less competitive, the head of the construction and industrial conglomerate Grupo Odebrecht SA said on Monday.

  • The firm, which late last year lodged its mining license application for Marampa, joins the likes of resource firms London Mining and African Minerals in tapping into the iron ore mining boom in Sierra Leone. "We've asked for the same license agreement as London Mining and African Minerals and don't expect any difficulties.

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