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  • LONDON, Aug 28-- Copper prices extended a rally on Friday after the stock market in China recovered for a second day, but gains were capped due to continued worries about oversupply. "We are confident that not all short sales of metals in China have been already covered," said Commerzbank in a note. Copper shot up 4.2 percent on Thursday, lifted by a bounce in global stock...

  • LONDON, Aug 28-- Copper prices dipped on Friday after a sharp rebound the day before as worries about oversupply resurfaced, but losses were modest after the stock market in top metals consumer China recovered for a second day. Copper shot up 4.2 percent on the London Metal Exchange on Thursday, lifted by a bounce in global stock markets, buoyant U.S. economic data...

  • JOHANNESBURG, Aug 27- South Africa- focused platinum producer Lonmin Plc said on Thursday it expected full-year underlying cash costs to stay below its guidance, indicating that its deep cost-cutting measures were beginning to bear fruit. Lonmin said its unaudited cash costs were at 10,499 rand per PGM ounce at the end of July on a year-to-date basis and are...

  • UPDATE 1-Vale sells another coal mine in Australia Wednesday, 26 Aug 2015 | 11:03 PM ET

    RIO DE JANEIRO/ SYDNEY, Aug 26- Brazilian mining giant Vale has continued its disposal of non-core holdings, agreeing to sell a mothballed coal mine in Australia jointly to Glencore Plc and Bloomfield Group for an undisclosed sum. Vale in July sold another coal mine in Australia to a local operator for A $1 amid a sector downturn that has claimed thousands of jobs...

  • COLUMN-Worried about China? Ask a metals trader: Andy Home Wednesday, 26 Aug 2015 | 10:36 AM ET

    LONDON, Aug 26- Everyone's worried about China. But while the rest of the world seems shocked that all is not as it should be in the industrial powerhouse that is China, metal traders have been grappling all year with the implications of a Chinese slowdown. Right now sentiment is king across all markets with fear and panic breeding more fear and panic, but industrial...

  • JOHANNESBURG, Aug 26- South Africa's mining industry, unions and the government have committed to a broad plan to stem job losses, including boosting platinum by promoting the metal as a central bank reserve asset, according to a draft agreement seen by Reuters on Wednesday. Brazil, Russia, India, China and South Africa comprise the BRICS. The gravity of the...

  • JOHANNESBURG, Aug 26- South Africa's Eskom said on Wednesday it wants compensation from Glencore's mining subsidiary Optimum if it is unable to supply coal to its Hendrina power plant. Administrators for Glencore's South African coal mining subsidiary suspended the firm's supply agreement with Eskom last Thursday while the mining unit undergoes a...

  • JOHANNESBURG, Aug 26- South Africa's Eskom said on Wednesday it wants compensation from Glencore's mining subsidiary Optimum if it is unable to supply coal to its Hendrina power plant. "If they are unable to provide coal to us, they need to compensate us for not meeting their obligations. We have a three year agreement with them, "Eskom spokesman Khulu Phasiwe told...

  • NEW YORK, Aug 26- Swiss commodities merchant Trafigura is ending a five-year foray into the lucrative base metals storage business just as warehousing firms are bracing for sheds to fill up amid concerns a China- led slowdown could stall the global economy. On Tuesday, its logistics and warehouse unit Impala Terminals scrapped plans for a metals warehousing...

  • MANILA, Aug 26- London copper futures retreated on Wednesday after gaining more than 2 percent overnight as worries persisted over the outlook for demand in top consumer China despite its latest step to boost a slowing economy. *The most-traded October copper contract on the Shanghai Futures Exchange rose 1.7 percent to 39,200 yuan a tonne, off a peak of 39,600...

  • Europe blue-chip shares on the cheap? Think again Tuesday, 25 Aug 2015 | 11:49 AM ET

    *Credit Suisse recommends telecoms over consumer goods. LONDON, Aug 25- Stock markets are rebounding after a bruising 48- hour sell-off. But with China still battling to revive its slowing economy, Europe's "screaming buys" come with risks.

  • European shares up 4 pct after China rate cut Tuesday, 25 Aug 2015 | 7:56 AM ET

    *Syngenta surges on sign of sweetened Monsanto offer. LONDON, Aug 25- European shares rose more than 4 percent on Tuesday, on track for their best one-day gain since late 2011, with a rate cut from China providing added juice to a recovery from a bruising 48- hour sell-off. China's woes have led to fears of fresh deflationary pressures around the world and the...

  • LONDON, Aug 24- European stocks fell sharply at the open on Monday, wiping hundreds of billions of euros off the region's top share index, which hit a seven-month low after a rout in China unnerved global markets. The STOXX 600 Basic Resources Index, comprising mainly miners, and the oil& gas sector fell 5.5 percent and 3.2 percent respectively, as commodities...

  • LONDON, Aug 24- Anglo American is to sell two Chilean copper mines to investment firm Audley Capital for $300 million, the company said on Monday, as it delevers its balance sheet to help combat a global slump in commodity prices. The deal includes conditional future payments which could boost the eventual price tag by $200 million, Anglo American said.

  • *China factory activity sinks to 6-1/ 2- year low. BEIJING, Aug 21- Worries of a deepening China economic slowdown intensified on Friday after a private survey showed the factory sector shrank at its fastest rate in almost 6-1/ 2- years in August, hammering global stocks and commodity prices. "Uncertainty about China growth is now the main swing factor in markets,"...

  • *Glencore's coal mine unit in cash-crunch due to Eskom deal. JOHANNESBURG, Aug 20- Administrators for Glencore's South African coal mining subsidiary suspended the firm's supply agreement with national power utility Eskom on Thursday while the mining unit undergoes a financial rescue programme. The Glencore unit sells half its output to Eskom's 2,000-...

  • *Glencore's coal mine unit in cash-crunch due to Eskom deal. JOHANNESBURG, Aug 20- Glencore's South African coal mining subsidiary suspended its supply agreement with national power utility Eskom on Thursday while the mining unit undergoes a financial rescue programme, its administrators said. The Glencore unit sells half its output to Eskom's 2,000-...

  • European stocks sink as Greece, Fed, oil weigh Thursday, 20 Aug 2015 | 11:37 AM ET
    An employee talks on the phone as he views trading screens at the offices of Panmure Gordon and Co.

    European markets closed sharply lower on Thursday, as traders digest the latest minutes from the U.S. Federal Reserve and concerns over oil, Greece and China's growth continued.

  • JOHANNESBURG, Aug 20- Kazakh copper producer Kaz Minerals cut its cost forecasts for the year, helped by a weaker tenge currency, and the prospect of more benefits sent its shares soaring on Thursday. Kaz, which is listed on the stock market in London, said the decision to introduce a floating exchange rate in Kazakhstan announced on Thursday could help it to lower...

  • LAUNCESTON, Australia, Aug 20- Take two top mining executives and ask them about China. "difficult to call at the moment with what we see in China," Glasenberg said. "That's the one we are all struggling to read, demand in China."