European shares enjoyed a late-stage rally after better-than-expected economic data and in spite of worries over lackluster earnings.» Read More
BRASILIA/ RIO DE JANEIRO, Oct 16- An iron-ore mining company controlled by Brazilian tycoon Eike Batista filed for bankruptcy on Wednesday, the third time in a year that a unit of the former billionaire's EBX industrial group has sought protection from creditors. MMX Sudeste Mineracao SA, the company that made the petition, holds nearly all the significant...
JOHANNESBURG, Oct 14- South Africa's mines minister Ngoako Ramatlhodi said he was considering declaring certain minerals such as coal and iron ore as "strategic" for the country. If that bill is signed into law, then it will give the minister the ability to declare certain minerals strategic for purposes of industrialisation in South Africa, "he said.
RIO DE JANEIRO, Sept 30- Anglo American Plc said on Tuesday that it obtained a Brazilian license to start operating its long-delayed, $14 billion Minas-Rio iron ore mining project, which is expected to enable its first shipment of ore by year-end.
Sept 9- Petra Diamonds Ltd has recovered a 232.08 carat white diamond at its Cullinan mine in South Africa, which three analysts said could fetch between $10 million and $16 million. Shares in the diamond miner climbed as much as 6.5 percent in early Tuesday trading, the biggest rise on Britain's FTSE -250 Midcap Index.
The report does not specify the value of the gem, but a diamond of the same size sold for $6 million in 2011.
European shares slipped to close marginally lower, as investors monitored events in eastern Ukraine and reacted to economic data from the region.
European stock markets closed down on Friday, on reports that Ukrainian troops had destroyed part of a military unit entering from Russia.
Chinese brides and Indian festivals will drive diamond demand into new year, the CEO of De Beers told CNBC.
BOGOTA, July 22- Mechanics at Colombia's largest coal mines will meet on Tuesday with contractor Dimantec and representatives from the labor ministry in an effort to negotiate an end to a 12- day strike. Dimantec provides mechanics to Colombia's biggest miners including joint-venture Cerrejon and U.S.-based Drummond Co.
Gold steadied above $1,300, aided by anticipation of increased geopolitical risks as the U.S. began demanding answers from Russia after MH17.
SINGAPORE, July 21- Gold steadied above the $1,300 an ounce support level on Monday, aided by anticipation of increased geopolitical risks as the United States began demanding answers from Russia after a Malaysian plane was downed in eastern Ukraine. *Spot gold was little changed at $1,308.70 an ounce by 0053 GMT.
*Copper faces biggest weekly loss since early June. LONDON, July 18- Copper fell to a two-week low on Friday, and its weekly performance headed for the biggest drop in 18 weeks, on concerns about the Chinese property sector and an outlook for increased production. Copper has dropped nearly 3 percent this week, the biggest weekly drop since mid-March.
European shares closed lower on Thursday, as investors shunned riskier assets due to a resurgence in concerns about Russia and sanctioning.
LONDON, July 17- Copper prices dropped to their lowest level in two weeks on Thursday due to intensifying concerns about the outlook for metal demand from the property sector after a Chinese builder warned of a possible bond default.
France, Germany, Britain, eastern Europe to see selloffs. PARIS, July 7- Cement makers Lafarge SA and Holcim Ltd proposed a multi-billion euro series of asset sales on Monday as they seek regulatory approval for their merger to create the world's biggest cement maker.
July 7- Mining group Anglo American Plc has agreed to sell its stake in a cement venture to its French-based partner Lafarge SA for at least $1.5 billion, proceeds which will be used to cut debt as part of a broader restructuring.
SANTIAGO, July 2- Chile's northern regions were hit by a power outage on Wednesday, the nation's emergency office said, though it was not immediately clear if production at some of the area's massive copper mines was impacted.
Gold held near a two-month high, and looked set to post its second quarterly gain as geopolitical tensions boosted its safe-haven appeal.
SINGAPORE, June 30- Gold was holding steady near a two-month high on Monday and looked set to post its second straight quarterly gain as geopolitical tensions boosted the metal's safe-have appeal.
CARACAS, June 26- Colombia's biggest coal miner, Cerrejon, said late on Thursday it was transporting coal again from its mine to port after protesters ended a six-day blockade on its private railway line that took the company to the brink of defaulting on shipments.