Materials and Metals Metals and Mining

  • 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,...

  • Newmont Mining CEO: Gold's going to be good medium, long term

    Gary Goldberg, Newmont Mining president and CEO, discusses the mining business and gold prices post-election.

  • *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...

  • Argentina's President Mauricio Macri waves after being sworn-in as president at Casa Rosada Presidential Palace in Buenos Aires, Argentina, December 10, 2015.

    Argentina is emerging from an econ slump and shaking off the effects of a debt default that earned it a rep as an investment pariah.

  • 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...

  • TORONTO, Dec 2- Canada's main stock index eked out a small gain on Friday as miners rose as the price of gold climbed while energy stocks slipped after an OPEC deal earlier in the week propelled oil to its biggest weekly gain in years. The Toronto Stock Exchange's S&P/TSX composite index settled up 24.99 points, or 0.17 percent, at 15,052.52. "The trend is very...

  • LIMA, Dec 2- Peru's energy and mines minister said on Friday the current copper rally and expectations for better prices in coming years will help unleash new mining investments in the Andean country. Speaking on local broadcaster RPP, Gonzalo Tamayo said he expects mining companies to announce progress on proposed projects in Peru next year and that...

  • The EPA is considering similar requirements for chemical manufacturers, power generation companies and the petroleum refining and coal manufacturing industries. From 2010 to 2014, the EPA spent $1.1 billion on cleanup work at abandoned hardrock mining and processing sites across the U.S. Companies would face a combined $7.1 billion financial...

  • TORONTO, Dec 2- Canada's main stock index eked out a small gain in morning trade on Friday as miners rose with gold and financial stocks pulled back at the end of a busy week of earnings. Energy stocks also moved lower after notching sharp gains earlier in the week as an OPEC deal to curtail production sent crude prices soaring, with Suncor Energy Inc down 0.8 percent...

  • *Commodities powerhouse has 500,000 T of idled zinc capacity. LONDON, Dec 2- Glencore is still keeping the zinc market guessing over when the company will reactivate its 500,000 tonnes of idled mine capacity. Since the Swiss commodities powerhouse first announced its intention to mothball about 4 percent of global capacity in October 2015 the London zinc...

  • LONDON, Dec 2- Zinc and lead slipped to their lowest levels in a week on Friday as investors prepared for possible shocks in Europe ahead of an Italian referendum and Austrian election. "A' no' vote in the referendum in Italy and also the first far-right party winning in Austria would introduce more uncertainty in Europe." Prime Minister Matteo Renzi has pledged to...

  • "The market is probably positioning for the weekend events, the Italy referendum and the Austrian election," said Xiao Fu, head of commodity market strategy at Bank of China International in London. "A' no' vote in the referendum in Italy and also the first far-right party winning in Austria would introduce more uncertainty in Europe." Italian Prime Minister Matteo...