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Materials and Metals

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  • SINGAPORE, March 7- Nickel held near nine-month highs on Friday and is on track for its biggest weekly gain since mid-January with supply tightened by Indonesia's ban on ore exports, while copper steadied on concerns over demand from top consumer China.

  • March 6- Mining equipment maker Joy Global Inc said demand from miners for maintenance work was returning after more than a year of delay when its main customers struggled with a coal glut and weak prices. Joy Global's shares rose as much as 5.4 percent in early trading after the company also raised the lower end of its 2014 profit forecast range.

  • *Zimbabwe takes the hard line on minerals beneficiation. *DRC, Zambia want to tax copper concentrate exports.

  • March 6- Joy Global Inc reported a two-thirds drop in quarterly profit due to lower demand for mining equipment in the middle of a coal glut, but the company said maintenance revenue was rising as miners can no longer delay work on old equipment.

  • LONDON, March 6- Copper was steady and some other base metals slipped on Thursday on investor concern over future demand in top metals consumer China after more details emerged about reform plans.

  • March 6- Joy Global Inc, a mining equipment maker, reported a 66 percent fall in quarterly profit as coal miners struggling with oversupply cut spending. Joy Global, which gets about two-thirds of its total revenue from coal miners, has cut costs to offset the impact of lower sales.

  • LONDON, March 6- Copper and other base metals slipped on Thursday on investor concern over future demand in top metals consumer China after more details emerged about reform plans.

  • March 6- Joy Global Inc, a mining equipment maker, reported a 66 percent fall in quarterly profit as coal miners cut spending due to weak prices caused by oversupply. The company's net income fell to $48.9 million, or 48 cents per share, in the first quarter from $142.1 million, or $1.33 per share, a year earlier.

  • Panaji, India, March 6- A consortium led by Steel Authority of India Ltd, the country's second-biggest steelmaker, hopes to buy coal mines overseas in the next few months when it has completed due diligence on facilities in Indonesia, Mozambique and the United States.

  • METALS-Base metals edge down on China demand worries Thursday, 6 Mar 2014 | 3:03 AM ET

    JAKARTA, March 6- Base metals edged lower on Thursday as China said it would cut investment to its lowest in 10 years, snapping a rally that drove nickel and zinc prices to multiple-month highs after diplomatic efforts reduced worries over Ukraine.

  • METALS-Base metals edge down after recent rally Thursday, 6 Mar 2014 | 12:42 AM ET

    JAKARTA, March 6- Base metals edged lower on Thursday as diplomatic efforts moderated the crisis over Ukraine and China's commitment to reduce investment capped this week's rally that saw nickel and zinc prices spike to multiple-month highs.

  • SYDNEY, March 6- Australian retail sales surged by the most in almost a year in January and exports jumped to record highs, clear evidence the resource-rich economy is stepping up a gear even as a boom in mining investment cools. Thursday's figures from the Australian Bureau of Statistics were packed with milestones.

  • WASHINGTON, March 5- Alpha Natural Resources Inc., one of the largest U.S. coal producers, has reached a consent decree to settle a complaint about pollution discharged by coal mines into Appalachian rivers and streams, federal authorities said on Wednesday.

  • *Platinum at 4- month highs as talks to end strike falter. NEW YORK/ LONDON, March 5- Gold edged higher on Wednesday after weak U.S. private-sector job data and lackluster services-sector activities, but gains were slight as Washington and Moscow set up talks to reduce tensions over Ukraine, reducing gold's safe-haven bid.

  • WASHINGTON, March 5- Alpha Natural Resources Inc., one of the largest U.S. coal companies, and dozens of subsidiaries have reached a consent decree to settle a complaint about pollution from coal mines, federal authorities said on Wednesday.

  • NEW YORK, March 5- The U.S. Mint said it will resume selling its American Eagle platinum bullion coins on March 10, ending a four-year exit from the market, due to renewed interest from investors and dealers.

  • LONDON, March 5- Nickel climbed to a nine-month high on Wednesday on persistent worries about an Indonesian ban on ore exports and after China's leaders affirmed a solid growth target for the year ahead.

  • LONDON, March 5- Nickel climbed to a nine-month high on Wednesday on persistent worries about an Indonesian ban on ore exports and after China's leaders affirmed a solid growth target for the year ahead.

  • JOHANNESBURG, March 5- Wage talks between the world's top platinum producers and South Africa's Association of Mineworkers and Construction workers Union collapsed on Wednesday, dashing hopes for an early end to a crippling six-week strike.

  • Much of the gold, tantalum, tin and tungsten used in electronics and lighting is mined in areas of civil conflict in Africa. "We are committed to preventing international trade in minerals from intensifying or perpetuating conflict," EU Trade Commissioner Karel De Gucht and foreign policy chief Catherine Ashton said in a joint statement.

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