Materials and Metals


  • SANTIAGO, April 1- Mines in world No. 1 copper producer Chile appear to have emerged unscathed from a major quake that struck near the mineral-rich north of the Andean country on Tuesday. Chile's Collahuasi copper mine and port have not reported any problems so far following the 8.2- magnitude earthquake, Chief Executive Officer Jorge Gomez told Reuters.

  • SYDNEY, April 2- London copper climbed to its highest in more than three weeks on Wednesday after a powerful earthquake off the coast of top mine supplier Chile triggered a tsunami alert, which raised supply concerns and set off a volley of technical buying.

  • SANTIAGO, April 1- A major earthquake of magnitude 8.2 struck off the coast of Chile on Tuesday, triggering a tsunami that hit the northern part of the country, but the government said there was no serious damage and no reports of deaths. Chile is the world's No. 1 copper producer but key mining firms said there was no serious damage to their operations.


  • SINGAPORE, April 2- Gold steadied on Wednesday after two days of losses but the precious metal continued to stay near its lowest in seven weeks as strong U.S. factory data boosted optimism about economic growth, diminishing bullion's safe-haven appeal. *Spot gold edged up 0.1 percent to $1,280.39 an ounce by 0022 GMT, not far from its seven-week low of $1,277.29.

  • NEW YORK, April 1- U.S. retail investors have raced to scoop up the government's newly launched platinum coins, data shows, as industrial metals prices outperformed bullion, a long-time favorite among collectors. Platinum held by the world's major exchange-traded funds was currently at their highest level in at least four years, Reuters data showed.

  • LAUSANNE, Switzerland, April 1- Private equity firms, which have been showing an increased interest in investing in the mining industry, will have a hard time even if they are betting on recovery in the longer term, the bosses of Anglo American and Glencore Xstrata said on Tuesday.

  • ASTANA, April 1- Kazakhstan, the world's largest producer of uranium, will keep output steady this year as long as prices stay low, although it expects a big increase in reserves, the head of state uranium company Kazatomprom said on Tuesday.

  • *Bonded China copper premiums fall $10 to $80- $100- Shmet. LONDON, April 1- Copper steadied on Tuesday as weak manufacturing data from top consumer China reinforced expectations that the country could move to stimulate its flagging economy and boost demand for industrial metals.

  • *Gold down over 3 percent in March, but up 6.5 pct for Q1. NEW YORK/ LONDON, March 31- Gold fell on Monday, notching its first monthly decline this year as improving prospects for the U.S. economy eroded investment interest and aroused an appetite for riskier assets.

  • SANTIAGO, March 31- Chile's new center-left government said it is poised to unveil a tax on carbon emissions to boost the use of less polluting energy sources and fight climate change.

  • *Hopes bolstered after Beijing says ready to support economy. LONDON, March 31- Copper was down slightly after earlier hitting a two-week high on Monday, following a 2.8 percent gain last week, as investors were wary of China's tighter credit conditions despite hopes Beijing would stimulate its economy.

  • X2 secures $3.75 bln to create new mining firm Monday, 31 Mar 2014 | 4:04 AM ET

    LONDON, March 31- X2, the investment vehicle run by Mick Davies, the head of mining firm Xstrata before its takeover by Glencore, has raised $3.75 billion which will be used to create a medium-sized diversified mining company, it said on Monday.

  • BEIJING, March 31- A former Chinese mining magnate with links to the eldest son of retired security tsar Zhou Yongkang went on trial on Monday over charges including murder after being accused of leading a 36- member gang on a crime spree spanning two decades.

  • SYDNEY, March 31- London copper was steady on Monday but was set to post its biggest monthly drop since June, as a slow start to the year for manufacturers in top consumer China dimmed the outlook for metals demand.

  • *To cut 147,000 metric tons of capacity at Brazil smelters. March 28- Alcoa Inc, the biggest U.S. aluminum producer, said it would cut 147,000 metric tons of capacity at two smelters in Brazil to stem a growing global surplus that has depressed prices and made a large number of plants uncompetitive.

  • HONG KONG, March 28- China Shenhua Energy Co Ltd, the country's largest coal producer, posted a 9.3 percent fall in 2013 net profit, roughly in line with forecasts, as coal prices slid amid a slowing domestic economy.

  • March 28- Alcoa Inc, the biggest U.S. aluminum producer, said it would cut 147,000 metric tons of capacity at two aluminum smelters in Brazil as increased costs and low prices have made the plants uncompetitive.

  • *Freeport targtting 2014 copper sales worth $5.7 bln. JAKARTA, March 28- Indonesia has approved big increases in 2014 copper sales for local units of copper miners Freeport McMoRan Copper& Gold Inc and Newmont Mining Corp, as it pushes for the two firms to resume exports quickly.

  • LONDON, March 28- Asia Resource Minerals, the Indonesian miner emerging from years of bitter shareholder in-fighting, said on Friday it would now focus on restructuring its business to combat weak coal prices.

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