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Business Materials and Metals

  • Oct 4- Barrick Gold Corp said on Tuesday normal operations had resumed at its Veladero mine in Argentina following approval from local authorities after processing solution containing cyanide spilled last month. However, the Toronto- based miner continues to expect total production for the company to be in the range of 5 million to 5.5 million ounces at...

  • SANTIAGO, Oct 4- Chilean copper miner Antofagasta Minerals said on Tuesday it has reached a 36- month wage deal with unionized supervisors at its flagship Los Pelambres mine. "We agreed on a 36- month collective contract that meets the expectations of both parties, as it addresses our supervisors' main concerns and is within the long-term possibilities of Los...

  • LONDON, Oct 4- Copper prices slipped on Tuesday as the dollar strengthened following encouraging U.S. economic data but improving signals from China's economy and a pickup in European growth cushioned the fall. With China's markets closed this week, trading volumes were likely to remain thin. "We are all much more cautious about China than we used to be but we had...

  • JOHANNESBURG, Oct 4- Work at South African miner Sibanye Gold's Cooke mine has been suspended after two members of the National Union of Mineworkers were left in a critical condition after being attacked, a spokesman for the company said on Tuesday. Sibanye's share price was down 2.7 percent at 46.52 rand by 1130 GMT, making it the biggest decliner in...

  • SINGAPORE/ LONDON, Oct 4- Physical thermal coal prices hit their highest level since the start of 2014 on Tuesday after tougher Chinese transport rules raised freight costs, adding to the earlier impact of Chinese caps on mining. The biggest impact has been on Australian coal, the main price benchmark for the Asia/Pacific region, and a core supplier to China.

  • LONDON, Oct 4- Copper prices slipped on Tuesday as the dollar strengthened after encouraging U.S. data, but improving signals from China's economy and a pickup in Europe's growth cushioned the downside. With China's markets closed this week, trading volumes were likely to remain thin. "We are all much more cautious about China than we used to be but we had some...

  • SINGAPORE/ LONDON, Oct 4- Physical thermal coal prices have jumped to fresh two-and-a-half year highs as stricter rules in China for transporting the world's most important power generation fuel add to the impact of earlier Chinese caps on coal mining. Prices were given a further boost in late September when China's Transport Ministry introduced stricter...

  • *ShFE shut for week-long China holiday. MELBOURNE, Oct 4- London copper was marking time in low-volume trade on Tuesday supported after an encouraging U.S. factory report helped brighten the outlook for metals demand, following improving signals in China and Europe. But with China's markets closed this week, trading volumes were thin.

  • SYDNEY, Oct 4- Mining giants Rio Tinto and BHP Billiton on Tuesday rebuffed proposals to replace one of the taxes they must pay on their iron ore businesses in the state of Western Australia with annual upfront payments. The steelmaking raw ingredient is Australia's biggest export earner, although the industry has been hit hard as the economy slows in top...

  • LAUNCESTON, Australia, Oct 4- It's not often that jobs get exported from the developing world back to a developed country, but this is likely to be the case with nickel, the Philippines and Australia. The suspended mines and those at risk represent nearly 60 percent of output in the Philippines, the world's largest producer of nickel ore and top supplier to top buyer...

  • SINGAPORE, Oct 4- Key thermal coal prices have jumped to fresh two-and-a-half year highs as stricter rules in China for transporting the world's most important power generation fuel add to the impact of earlier Chinese caps on coal mining. Prices were given a further boost in late September when China's Transport Ministry introduced stricter land transport...

  • Start-ups need passion, agility and focus: VC

    Applied Materials' Om Nalamasu talks about the types of start-ups his company is interested in investing in and the qualities they need to make it.

  • **Cabela's Inc said it agreed to be bought by Bass Pro Shops in a deal valued at $5.5 billion that will combine the top two hunting and fishing retailers in the United States. **Cardtronics Plc, which describes itself as the world's biggest operator of non-bank ATMs, said on Monday it would buy independent Canadian ATM owner DirectCash Payments Inc in a deal valued at...

  • VANCOUVER, Oct 3- Goldcorp Inc said on Monday it was temporarily shutting down its Peñasquito gold mine in Mexico as it was unable to safely continue operations due to a week-long blockade by a trucking contractor, sending its shares down nearly 5 percent. A contingency plan was in place that would allow mining and processing to be restarted immediately once...

  • BRUSSELS, Oct 3- EU antitrust regulators have resumed their investigation into the $130 billion merger of U.S. chemicals giants Dow Chemical and DuPont after the companies provided data they had been asked for. The European Commission, which halted its scrutiny in early September, will now decide by Feb. 6 whether to approve the deal. "We remain focused on working...

  • VANCOUVER, Oct 3- Canada's Goldcorp Inc said on Monday it was temporarily shutting down operations at its Peñasquito gold mine in Mexico, following a week-long blockade by a trucking contractor to protest the miner's plans to diversify its local transportation supply chain. The Peñasquito mine in northern Mexico produced 860,300 ounces of gold in 2015, a...

  • *Data indicate China Sept steel output remained firm. LONDON, Oct 3- Chinese iron ore imports rose in September, according to Reuters data, as its steelmakers ramped up output in the face of global trade tensions about the country's steel exports. Julius Baer analyst Carsten Menke said China's iron ore imports could remain strong through the year but only because...

  • *Data indicate China Sept steel output remained firm. LONDON, Oct 3- Chinese iron ore imports rose in September, according to Reuters data, as the country's steelmakers ramped up output in the face of global trade tensions about the country's steel exports. Julius Baer analyst Carsten Menke said China's iron ore imports could remain strong through the year but...

  • Oct 3- Canada's Goldcorp Inc said it was undertaking a controlled shutdown of operations at its Peñasquito gold mine in northern Mexico, following a blockade by a trucking contractor that began on last Monday. Goldcorp said on Monday the contractor was concerned about losing business after the company's recent efforts to diversify its local...

  • LAUNCESTON, Australia, Oct 3- China's appetite for imported iron ore continued unabated in September, with vessel-tracking data showing seaborne arrivals should at least match the strength shown in recent months. Much of the difference can be explained by vessel-tracking not capturing iron ore imports that arrive by land, such as the 3.6 million tonnes from...

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