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  • LONDON/ LAUSANNE, Switzerland, April 2- Western banks involved in global commodity trade flows are tightening payment procedures for steel and grain deals with Russia, having already taken similar steps for Ukraine due to its political upheaval. "Until the geopolitical situation is clear, most banks are reducing risk in Russia as well as Ukraine.

  • TORONTO, April 2- Osisko Mining Corp said on Wednesday that Yamana Gold Inc would buy a 50 percent stake in its mining and exploration assets for C $930 million, in a deal aimed at blocking a hostile bid from rival Goldcorp. Shares of Goldcorp rose 2.6 percent to C $27.78, while Yamana gained 1.4 percent to C $9.84.

  • UPDATE 1-Chile mines unharmed by quake; some ports shut Wednesday, 2 Apr 2014 | 10:51 AM ET

    SANTIAGO, April 2- Copper operations in the world's top producer were broadly unharmed after a major earthquake in mineral-rich northern Chile on Tuesday night spooked miners and prompted some preventive evacuation of workers. Chile supplies a third of the world's copper.

  • April 2- Monsanto Co, the world's largest seed company, reported higher-than-expected quarterly earnings on Wednesday as its corn and soybean businesses expanded globally. "Our business is on track to deliver the growth we anticipated," Monsanto Chairman Hugh Grant said on a conference call.

  • *Most mines in Chile designed to withstand tremors. SANTIAGO, April 2- 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. Most mines in quake-prone Chile, which supplies around a third of the world's copper, are designed to withstand tremors.

  • *Gold edges up after two days of declines. SINGAPORE, April 2- Gold steadied on Wednesday after two days of losses but the precious metal remained near its lowest in seven weeks as strong U.S. factory data boosted optimism about economic growth, diminishing bullion's safe-haven appeal.

  • *Copper jumps but pares gains as short-covering subsides. 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- 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.

  • MINING OPERATIONS AT SOUTHERN COPPER IN SOUTHERN PERU NORMAL AFTER BIG QUAKE IN NORTHERN CHILE- SPOKESMAN.

  • 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.

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