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  • BRASILIA, Nov 30- Brazil filed a lawsuit on Monday against two of the world's largest mining companies for 20 billion Brazilian reais to clean up what it says was its worst environmental disaster, caused by the collapse of a tailings dam. The governments of Brazil and those of two states hit by the damburst sued iron ore operator Samarco and its co-owners, the...

  • CHICAGO, Nov 30- Dow Chemical Co has struck a deal to sell a part of its global herbicide business, as low crop prices continue to drive talk of consolidation in the agriculture industry. Dow on Monday said it agreed to sell a portfolio of weed killers known as dinitroanilines to privately held Gowan Company. The farm sector is struggling to cope with falling crop...

  • LONDON, Nov 30- The London Metal Exchange has just launched two steel contracts, one for steel scrap and one for steel rebar. It's the second time the LME has tried to expand its dominant franchise in nonferrous metals markets into the ferrous space. The Shanghai Futures Exchange's steel rebar contract is by a considerable margin the most traded ferrous contract...

  • LONDON, Nov 30- Copper got only a modest boost on Monday from Chinese producers' plan to cut output as gains were capped by a strong dollar and concern over the economy of top metals consumer China. Nine large copper producers in China agreed at the weekend an initial plan to cut refined metal output by more than 200,000 tonnes in 2016, following moves already...

  • *Firms says default certain for repayments on $500 mln 2020 bonds. HONG KONG, Nov 11- China Shanshui Cement warned investors it will default on more than $300 million of onshore debt payments due on Thursday and will seek to appoint liquidators, a sign Chinese authorities are more willing to let weak firms fail. "It's a sign that bailouts are not for everybody and...

  • With an era of cheap government farm credit ending as Brazil tries to curb runaway spending, farmers are seeking different ways to pay for fertilizer and equipment, potentially doubling the share of barter-based financing to 40 percent of the cost of the nation's crops, the most in at least a decade. For merchants, such as Cargill and CHS Inc, the largest U.S....

  • *Gold near lowest since Feb 2010 near-six-year low. LONDON, Nov 30- Gold edged lower on Monday, heading towards its lowest level in nearly six years as the dollar hit a multi-month high and on track for its steepest monthly slide in 2-1/ 2 years on prospects of a U.S. interest rate hike this year. Gold, a non-interest-paying asset, could take a hit from higher rates as the...

  • LONDON, Nov 30- Copper got only a modest boost from news that Chinese producers plan to cut output as gains were capped by a strong dollar and concern over the economy of top metals consumer China. Nine large copper producers in China agreed at the weekend an initial plan to cut refined metal output by more than 200,000 tonnes in 2016, following moves already...

  • MILAN, Nov 30- European shares opened lower on Monday, led by BHP Billiton after news Brazil could seek damages for the burst of a dam, while Delta Lloyd slumped on capital raising plans. Brazil announced plans to sue the owners of the Samarco iron ore miner, BHP and Vale, for $5.2 billion in damages caused by the burst of a tailings dam. Delta Lloyd fell 3.5 percent after...

  • *China copper smelters agree to trim output. Nine large copper producers in China agreed an initial plan to cut refined metal output at the weekend, following moves already announced by China's nickel and zinc makers. "Across the metals space, one of the big concerns is that even with prices at multi-year lows, the degree of production curtailments has been viewed...

  • *Gold dips towards near-six-year low. *Palladium down 20 pct, platinum 16 pct in November. SINGAPORE, Nov 30- Gold extended losses on Monday, dropping towards its lowest level in nearly six years, and was poised to record its steepest monthly slide in 2-1/ 2 years on prospects of a U.S. interest rate hike this year.

  • *Gold reserves at 55.38 million troy ounces at end-October. SINGAPORE/ BEIJING, Nov 30- China added nearly 14 tonnes of gold to its foreign exchange reserves in October, the slowest pace of purchase since the central bank started reporting its reserves of the precious metal on a monthly basis earlier this year. Gold reserves stood at 55.38 million troy ounces at...

  • With an era of cheap government farm credit ending as Brazil tries to curb runaway spending, farmers are seeking different ways to pay for fertilizer and equipment, potentially doubling the share of barter-based financing to 40 percent of the cost of the nation's crops, the most in at least a decade. For merchants, such as Cargill and CHS Inc, the largest U.S....

  • *Gold dips towards near-six-year low. *Palladium down 20 pct, platinum 16 pct in November. SINGAPORE, Nov 30- Gold extended losses on Monday, dropping towards its lowest level in nearly six years, and was poised to record its steepest monthly slide in 2-1/ 2 years on prospects of a U.S. interest rate hike this year.

  • *China copper smelters agree to trim output. MELBOURNE, Nov 30- London copper and nickel sank early on Monday, shrugging off a wave of plans to cut output by struggling Chinese producers which traders said have just refueled jitters over the worsening shape of China's demand. Nine large copper producers in China agreed an initial plan to cut refined metal output...

  • MELBOURNE, Nov 30- London copper and nickel sank early on Monday, shrugging off a wave of plans to cut output by struggling Chinese producers which traders said have just refueled jitters over the worsening shape of China's demand. *China's nickel producers said on Friday they plan to slash output of refined metal and nickel pig iron, the first major coordinated...

  • SINGAPORE, Nov 30- Gold was trading close to its lowest level in nearly six years on Monday and was poised to record its worst monthly slide in 2-1/ 2 years on prospects of a U.S. interest rate hike this year. *Spot gold was little changed at $1,057 an ounce by 0028 GMT, after dropping 1.2 percent in the previous trading session. *Assets in SPDR Gold Trust, the world's top...

  • BRASILIA, Nov 27- Brazil's federal and state governments plan to sue the owners of the Samarco iron ore miner for 20 billion reais in damages caused by the burst of a tailings dam, Environment Minister Izabella Teixeira told reporters on Friday. Samarco is a joint venture between the world's largest mining company, BHP Billiton Ltd, and the biggest iron ore miner,...

  • RIO DE JANEIRO, Nov 28- Brazilian iron ore miner Samarco has suspended payments to employees and suppliers because its funds have been frozen by courts in the wake of a deadly dam burst and destructive flood of muddy mine waste, the company said in a statement on Saturday. The company, a joint venture between Australia's BHP Billiton Ltd, the world's largest mining...

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    Online retailer eBay is seeing strong demand for deals on precious metals this holiday season.

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