Business Materials and Metals

  • BEIJING— Seven coal miners are dead and another four still missing after a gas explosion in a central province in the latest deadly accident to strike China's mining industry, authorities said Wednesday. China is the world's top producer and consumer of coal. China is trying to balance the vast energy demands of the world's most populous country— and an industry...

  • Dec 6- Latin America will play an increasingly important role in Barrick Gold's growth strategy, the world's biggest gold miner said on Tuesday as it named a new director with decades of mining experience in that region. Marcet's deep operational and geopolitical experience in Latin America will be a vital asset as the company evaluates new investments in the...

  • HOUSTON, Dec 6- As oil prices recover and U.S. shale production picks up, energy companies that had planned to ship crude on the Dakota Access Pipeline will turn to rail, a transport method that poses its own risks to the environment and local communities. Sunday's decision by U.S. Army Corps of Engineers to deny Energy Transfer Partners an easement to complete the...

  • HOUSTON, Dec 6- As oil prices recover and U.S. shale production picks up, energy companies that had planned to ship crude on the Dakota Access Pipeline will turn to rail, a transport method that poses its own risks to the environment and local communities. Sunday's decision by U.S. Army Corps of Engineers to deny Energy Transfer Partners an easement to complete the...

  • LONDON, Dec 6- Copper fell on Tuesday as investors cashed in after the previous session's rally, on concerns that the surge in base metals prices over the last month had left markets overstretched. Three-month copper on the London Metal Exchange was down 0.7 percent at $5,908.50 by 1545 GMT. The metal rose 23 percent last month to reach its highest since June 2015...

  • RIO DE JANEIRO/ BRASILIA Dec 6- Brazilian iron ore miner Samarco Mineracao expects to receive a preliminary environmental license in the first quarter, an important step in its effort to resume operations by mid-2017, Chief Executive Officer Roberto Carvalho said in an interview on Tuesday. Samarco's operations were suspended in November 2015 after the...

  • LONDON, Dec 6- Copper and zinc fell on Tuesday as investors cashed in gains after the previous session's sharp rally, on concerns that the surge in base metals prices over the last month had left markets overstretched. Three-month copper on the London Metal Exchange was down 1.3 percent at $5,871 a tonne at 1055 GMT, while zinc was 0.6 percent lower at $2,748.50 a...

  • The suit marks the first challenge to the moratorium ordered in January by the Obama administration, attorney Peter Stirba, who represents Kane and Garfield counties, said Monday. There have been some limited exceptions to the moratorium, said Amanda Degroff, a spokeswoman for the Department of the Interior. Utah, Wyoming, Montana, Colorado and New Mexico are...

  • BOGOTA, Dec 5- Colombia's principal coal railway Fenoco and two unions representing its workers have extended salary negotiations until Dec. 13 after a first round of talks came to an end without an agreement, the company and unions said on Monday. If a deal is not reached by Dec. 13, workers would meet to decide whether to move toward a strike or continue discussions,...

  • CALGARY, Alberta, Dec 5- The Canadian oil-producing province of Alberta will offer C $500 million in royalty credits to Pembina Pipeline Corp and Inter Pipeline Ltd for their petrochemical projects, the government said on Monday, as it seeks to diversify its ailing economy. Pembina's project is a joint venture with Kuwait's Petrochemical Industries Company...

  • CALGARY, Alberta, Dec 5- The Canadian oil-producing province of Alberta will offer C $500 million in royalty credits to Pembina Pipeline Corp and Inter Pipeline Ltd for their petrochemical projects, the government said on Monday as it seeks to diversify its ailing economy. Pembina's project is a joint venture with Kuwait's Petrochemical Industries Company...

  • *Companies say Burkina Faso blocked development of manganese mine. DAKAR, Dec 5- Three companies belonging to Romanian-Australian businessman Frank Timis's Pan African Minerals Group are seeking $385 million from Burkina Faso via mediation, accusing it of blocking development of one of the world's biggest manganese mines. According to an arbitration...

  • LONDON, Dec 5- Britain's top share index climbed on Monday, after falling in the previous two sessions, with basic resources stocks leading the market higher as prices of industrial metals such as copper rose. European share indexes largely shrugged off Italian Prime Minister Matteo Renzi's resignation after he lost a referendum on constitutional reform on...

  • LONDON, Dec 5- Britain's top share index climbed on Monday, after falling in the previous two sessions, with basic resources stocks leading the market higher on the back of rising prices of industrial metals such as copper. The broader UK market showed little reaction to Italian Prime Minister Matteo Renzi's resignation announcement after he suffered a...

  • MELBOURNE, Dec 5- Shanghai nickel exended gains in early Asian trade on Monday after the Philippines said it would close more mines on environmental grounds, potentially curbing supplies of nickel ore, wile copper prices fell. *Three-month copper on the London Metal Exchange dipped 0.4 percent to $5,737 a tonne by 0102 GMT, after edging down 0.5 percent in the...

  • For Apple and others, tin supply chain has ties to rebel-held Myanmar mine.

  • How a rebel Myanmar tin mine may up-end a global supply chain.

  • YANGON/ WASHINGTON, Nov 29- From a remote corner of northeastern Myanmar, an insurgent army sells tin ore to suppliers of some of the world's largest consumer companies. More than 500 companies, including leading brands such as smartphone maker Apple, coffee giant Starbucks and luxury jeweller Tiffany& Co, list among their suppliers Chinese-controlled firms...

  • CHICAGO, Dec 2- U.S. coal producer Peabody Energy Corp said it would seek court approval to repay a $500 million term loan ahead of schedule because it has enough cash to operate in bankruptcy thanks to a rise in coal prices. The financing included a $500 million term loan, which the company is planning to repay, along with a $200 million bonding accommodation...

  • CHARLESTON, W.Va.— Environmentalists and the Pocahontas Land Corp. have agreed to settle a lawsuit over coal mine drainage into streams in southern West Virginia. The environmental groups say Pocahontas' former White Flame mountaintop-removal mine in Mingo County continues to discharge selenium, dissolved solids, sulfates and other pollutants into...

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