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  • NEW DELHI, May 3- Plans by India's coal monopoly to buy billions of dollars of new machinery and outsource work are facing resistance from powerful unions worried about job losses, in a potential blow to Prime Minister Narendra Modi's promise to bring electricity to all. The increase turned coal shortages at India's power plants to oversupply, making it one of...

  • Is there still 'a case for gold'

    Gold and forex expert Jim Rickards says that the direction for gold prices will depend on the dollar, which is expected to weaken.

  • Gold going 10-15% higher?

    Dennis Gartman, Founder, Editor & Publisher of The Gartman Letter, gives the bullish case for gold.

  • KITAKYUSHU, Japan, May 2- Countries that plan to build coal-fired power plants need to reassess their energy strategy because such facilities may not be a viable investment, the head of the International Renewable Energy Agency said on Monday. Many industry analysts see natural gas and renewables as the biggest growth sectors in energy, yet most Asian...

  • NEW DELHI/ MUMBAI, May 2- The upper house of India's parliament on Monday approved an amendment to the mining law, allowing the transfer of mines from sellers to buyers in a victory for the State Bank of India that had lobbied for the change. It could also facilitate a merger of the Indian assets of France's Lafarge and Switzerland's Holcim after a global merger...

  • NEW DELHI, May 2- India will monitor thousands of mines with the help of satellites starting this year, a government official said, after a three-month pilot project found rampant illegal extraction of limestone in a big state. Mines Secretary Balvinder Kumar declined to name the state ahead of the completion of surveillance in some other regions, but said the...

  • Gold is ‘terrible investment’ long-term: CIO

    SCM Direct CIO, Alan Miller says he believes the market has probably seen the sharp falls and sharp recovery in the oil price recently, while commenting on commodities overall.

  • TORONTO, April 29- Canada's main stock index rose to a six-month high on Friday as mining stocks surged on higher gold and base metal prices, while shares of its largest airline jumped after quarterly results were reported. Improving prices in commodities have helped drive the index higher both year-to-date and on Friday, said Noman Ali, a portfolio manager at...

  • Trading Nation: Gold shines

    Kim Forrest, Portfolio Manager at Fort Pitt Capital Group, and Max Wolff, Chief Economist at Manhattan Venture Partners, discuss the gains in the gold market with CNBC's Kayla Tausche.

  • Gold nearing $1,300

    CNBC's Jackie DeAngelis reports the close of the gold market as the price of the metal creeps toward $1,300.

  • FRANKFURT, April 29- Thyssenkrupp's powerful labour chief warned its leaders not to go ahead with steel merger talks without consulting its works council first, saying steelworkers were ready to fight for their future. Segerath said he did not believe concrete talks were happening yet, and demanded that Chief Executive Heinrich Hiesinger explain to the...

  • TORONTO, April 29- Canada's main stock index rose on Friday as mining and energy stocks firmed on higher commodity prices, while shares of its largest airline jumped after quarterly results were reported. The most influential movers on the index included Barrick Gold Inc, which rose 5.1 percent to C $23.15, and First Quantum Minerals Ltd, which advanced 13.5...

  • LONDON, April 29- Gold and silver prices rallied to their highest since January last year on Friday as the Bank of Japan's decision the previous day to hold off expanding monetary stimulus weighed on stock markets and the dollar. Spot gold was up 1.4 percent at $1,283.20 an ounce at 1400 GMT, having reached a 15- month high of $1,286.36. "All the precious metals are up...

  • Rusal, which last year was overtaken by China's Hongqiao as the world's biggest aluminium producer, has been hit by weak prices for the metal. However, limited restarts of smelters in China were helping the market, it said. Rusal's first-quarter sales rose 2.7 percent on the same period last year to 957,000 tonnes and included 39,000 tonnes produced in a trial run...

  • Rusal, which last year was overtaken by China's Hongqiao as the world's biggest aluminium producer, has been hit by weak prices for the metal. However, limited restarts of smelters in China were helping the market, it said. Rusal's first-quarter sales rose 2.7 percent on the same period last year to 957,000 tonnes and included 39,000 tonnes produced in a trial run...

  • HIGHLAND HILLS, Ohio _ Olympic Steel Inc. on Friday reported a first-quarter loss of $767,000, after reporting a profit in the same period a year earlier. Olympic Steel shares have climbed 86 percent since the beginning of the year. Keywords: Olympic Steel, Earnings Report.

  • SHANGHAI/ MANILA, April 29- China's Baosteel Group said on Friday that accusations by U.S. Steel Corp against the company, including that it had stolen commercial secrets, were groundless and vowed to protect its legal rights. China's second-biggest steelmaker and the world's fourth is the first Chinese steel producer to respond to U.S. Steel, which launched a...

  • SYDNEY, April 29- Five years ago floods linked to a La Nina weather pattern nearly brought Australia's coal industry to a standstill. Over several months in late 2010 and early 2011, during the last La Nina event, around 85 percent of Australia's coal mines across a region bigger than Texas either had to restrict output or close as record rains fell.

  • SHANGHAI, April 29- China's Baosteel Group said on Friday that three accusations by U.S. Steel Corp against the company, including that it had stolen commercial secrets, were groundless and not based on facts. "In particular, the charges claiming that Baosteel stole commercial secrets from U.S. U.S. Steel Corp on Tuesday launched a campaign to prevent imports from...

  • *Comes despite China's efforts to control speculative trading. MANILA/ SHANGHAI, April 29- Commodity futures linked to China's vast steel sector rebounded sharply on Friday, led by iron ore and rebar, as robust construction demand spurred buying even as the country's regulator ordered exchanges to rein in speculative trading. Big bets on Chinese commodities...