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  • GABORONE, March 4- Botswana's mining industry faces further job losses as it reels from the global slump in commodities, with copper miner BCL set to shed up to a third of its workforce and Gem Diamond also planning lay offs, the mines department said on Friday. London- listed Gem Diamond expects diamond production at its Ghaghoo mine in central Botswana to fall by...

  • TORONTO/ WINNIPEG, March 4- Metal and mineral explorers battered by a protracted price slump are still out of favor with investors, however the recent uptick in bullion prices and a few tie-ups with larger miners are offering juniors a glimmer of hope. The ray of optimism comes as the world's mining sector prepares for its largest annual gathering, the...

  • TORONTO, March 4- Canada's main stock index extended its record high for 2016 on Friday and was on track for a 3 percent weekly gain as mining and energy stocks rose on higher commodity prices and after data showing stronger-than-expected U.S. jobs data and higher Canadian exports. The most influential movers on the index included Barrick Gold Corp, which gained...

  • BOGOTA, March 3- Union workers at Colombia's largest coal mine, Cerrejon, have voted in favor of a strike, the union said on Thursday, in a dispute with the company over wages and benefits. Cerrejon is a joint venture between Australia- based BHP Billiton Ltd, London- and Johannesburg- based Anglo American Plc and Swiss-based Glencore Xstrata. It has been producing...

  • *Australia's youngest billionaire Nathan Tinkler goes bust. SYDNEY, March 3- Rags-to-riches coal baron Nathan Tinkler, who rode the mining boom to become Australia's youngest billionaire before losing it all when coal prices collapsed, has been declared legally bankrupt after failing to pay off a private jet. The bankruptcy order comes 10 years after the 40-...

  • *FTSEurofirst 300 down 0.5 percent. MILAN, March 3- European shares fell back on Thursday, with chemicals maker Evonik and major healthcare stocks among the worst performers, halting a run of five straight days of gains. "For markets to continue to move higher more good data, especially out of the U.S., will be needed," said Markus Huber, a trader at City of London Markets.

  • JOHANNESBURG, March 3- South African coal miner Exxaro Resources is considering buying assets from Anglo American, its chief executive said on Thursday. Headline earnings per share- the key measure of profit which strips off certain one-off items- reached 457 cents from 1,372 cents in the previous year, meeting expectations forecast by Thomson Reuters...

  • MILAN, March 3- European shares fell back on Thursday, with chemicals maker Evonik among the heaviest fallers, after five straight days of gains brought a top European equity index to a one-month high. "For markets to continue to move higher more good data- especially out of the U.S.- will be needed," said Markus Huber, a trader at City of London Markets.

  • MILAN, March 3- European shares fell back on Thursday, with chemicals maker Evonik among the worst performers, as investors took a breather after five straight days of gains brought a top European equity index to a one-month high. Sportswear maker Adidas also fell 1.2 percent after reporting a larger than-expected net loss of 44 million euros for the fourth...

  • JOHANNESBURG, March 3- South African coal miner Exxaro Resources said on Thursday its full-year profit dropped by two-thirds due to a sharp fall in commodity prices. Headline earnings per share- a measure of profit which strips off certain one-off items- reached 457 cents from 1,372 cents in the previous year. Exxaro cut spending on a five-year program to 2020 by...

  • *Australia's youngest billionaire Nathan Tinkler goes bust. SYDNEY, March 3- Rags-to-riches coal mining baron Nathan Tinkler, who rode the mining boom to become Australia's youngest billionaire before losing it all when coal prices collapsed, has been declared legally bankrupt after failing to pay off a private jet. He toyed with the idea of going to...

  • MELBOURNE, March 3- London copper hit its highest since mid-November on Thursday as risk appetite stayed strong, fueled by a revival in sharemarkets and commodity prices that fueled hopes a global recovery was getting on track. *Shanghai Futures Exchange copper rose by 1.7 percent to 37,030 yuan a tonne. *Growth in China's services activity slowed in February, a...

  • SYDNEY, March 3- Rags-to-riches coal mining baron Nathan Tinkler, who rode the mining boom to become Australia's youngest billionaire before losing it all when coal prices collapsed, has been declared legally bankrupt after failing to pay off a private jet. The bankruptcy order comes 10 years after the 40- year-old former mining electrician scraped together...

  • BRASILIA/ RIO DE JANEIRO March 2- Mining company Samarco and its owners, BHP Billiton and Vale SA, reached a deal with the Brazilian government on Wednesday to pay an estimated 20 billion reais in damages over 15 years for a deadly dam spill in November. Considered Brazil's worst environmental disaster, the burst tailings dam in the state of Minas Gerais killed 19...

  • *China has pushed investment in restive far western area. Over 10 million tonnes of steel production capacity in Xinjiang- enough to produce about a tenth of annual U.S. output- has shut in an area where Beijing has encouraged investment in industries ranging from steel to textiles, in the hope of stimulating growth and curbing unrest by boosting jobs.

  • BRASILIA/ RIO DE JANEIRO March 2- Mining company Samarco and its owners, BHP Billiton and Vale SA, reached a deal with the Brazilian government on Wednesday to pay an estimated 20 billion reais in damages over 15 years for a deadly dam spill in November. Considered Brazil's worst environmental disaster, the burst tailings dam in the state of Minas Gerais killed 19...

  • TORONTO, March 2- Canada's main stock index rose for a fifth straight session on Wednesday, hitting its highest point this year as gains for materials and energy stocks offset losses for financial and consumer names and railways. "You're seeing some of the big risk factors dissipate, crude oil come back, the Chinese markets stabilize," said Elvis Picardo,...

  • BRASILIA, March 2- Mining company Samarco and its owners, BHP Billiton and Vale SA, reached a deal with the Brazilian government on Wednesday to pay an estimated 24 billion reais in damages for a deadly dam spill in November. Considered Brazil's worst environmental disaster, the spill killed 19 people, left hundreds homeless and polluted a major river.

  • CHICAGO, March 2- Monsanto Co expects to face headwinds from weak commodity prices and currency fluctuations through 2016, its executives said on Wednesday, as the seed and agrochemical company slashed earnings guidance amid a slumping farm economy. The St. Louis- based company is hoping for a "bounce back" in growth next year with the broader launch of two key...

  • Reichhold, owned by a group of investors including Black Diamond Capital, is leading the race against specialized U.S. funds including SK Capital and KPS Capital, the sources said. The sale, led by Morgan Stanley, has seen SK Capital holding parallel talks with Italian oil major Eni, which last year put a majority stake in its Versalis chemical unit on the block...

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