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  • METALS-Copper dips on dollar, cutback plans support Thursday, 15 Oct 2015 | 11:33 AM ET

    LONDON, Oct 15- Copper eased on Thursday under pressure from a rebound in the dollar but hopes of further production cuts from miners limited the losses and lifted market sentiment. But losses were limited by hopes for more production cuts as the industry adapts to slowing demand growth in China, which accounts for nearly half of global copper consumption.

  • Glencore debt cuts 100% feasible: Rusal President Thursday, 15 Oct 2015 | 8:23 AM ET
    An employee walks past coal washing flotation cells, manufactured by Jameson Cells, a unit of Glencore Xstrata

    Glencore's plan to knock $10.2 billion off its debt pile is achievable, the president of Rusal — the Russian metals producer which has pulled off its own massive debt cut — told CNBC.

  • LONDON, Oct 15- Everyone's talking about Glencore. And, Glencore executives will be pleased to note, this isn't speculation as to whether the company is about to go bust. Rather, it was Glencore's announcement on Friday of massive cuts to its zinc and lead production portfolio that has been exercising the minds of the thousands of metal executives meeting in...

  • The weather phenomenon leads to hotter sea temperatures in the west Pacific Ocean, which means more rain falls on South America and less in Australia and South East Asia. A shorter monsoon in Indonesia the Philippines and Malaysia can help miners produce more tin, nickel and bauxite- key materials for the construction, transport and electronics industries.

  • *Iron ore miners have been hard hit by China slowdown. SYDNEY, Oct 15- Australia's Fortescue Metals Group is cutting mining costs more deeply than targetted, as the world's fourth-biggest iron ore exporter grapples with plunging prices for the steelmaking ingredient. Chief Executive Nev Power said on Thursday the company's production cost should average...

  • Glencore plan '100%' feasible: Rusal president Thursday, 15 Oct 2015 | 1:20 AM ET
    We are doing best out of our peers: Rusal president

    Oleg Deripaska, president of Rusal, says that Glencore's plan to slice its debt pile by over $10 billion is "100 percent" feasible.

  • Why Zinc is the interesting commodity Wednesday, 14 Oct 2015 | 11:15 AM ET
    Why Zinc is the interesting commodity

    Colin Hamilton, Macquarie’s head of commodities research, and Jessica Fung, metals & mining analyst at BMO Capital Markets, talks about the current moves in the commodity space.

  • *Copper edges up as soft dollar offsets China economy woes. LONDON, Oct 14- Copper steadied on Wednesday as a weaker dollar offset mounting concerns about economic growth in top metals consumer China. "The exchange rate plays a significant role in explaining the price movement," said Peter Fertig of Quantitative Commodity Research.

  • LONDON, Oct 14- BHP Billiton, the world's largest miner, was downbeat on Wednesday about iron ore prices as low-cost producers continue to swamp the market and as the intensity of China's demand for the steel making raw material ebbs. However, there were some positive signs on the economic outlook for top commodity consumer China, BHP officials told a briefing...

  • Russian diamond boss warns of fake gem trend Wednesday, 14 Oct 2015 | 8:39 AM ET
    An uncut diamond is selected from a collection of colorless and colored diamonds on a sorting table at DTC Botswana, a unit of De Beers, in Gaborone, Botswana,

    President of major Russian diamond mining group Alrosa has warned of the growing number of "synthetic" or altered diamonds entering the jewelry market.

  • JAKARTA/ MELBOURNE, Oct 14- A unit of China steel producer Tsingshan Group is set to triple its capacity to produce nickel pig iron in Indonesia as soon as May, an executive said, as the Southeast Asian nation pushes to win more profit from its mineral wealth. "By May next year, we'll have an installed capacity of 900,000 tonnes of nickel pig iron," Tsingshan...

  • JAKARTA, Oct 13- Freeport-McMoRan Inc should significantly increase the amount it pays in royalty payments to the Indonesian government if it wants to extend a contract to operate one of the world's biggest copper mines, a cabinet minister said on Tuesday. The U.S. firm last week said it received assurances from Indonesian mining minister Sudirman Said that...

  • *Copper slips as mixed China trade data revives concerns. London, Oct 13- Copper slid on Tuesday as mixed trade data revived fears about China's economy, despite good demand for the metal. The dip erased some of the gains from the previous two sessions, when copper rose 3.5 percent in a broader metals rally triggered by news that Glencore will cut zinc output by...

  • LONDON, Oct 12- Chile's government is not planning for now to give more funds to state-run copper producer Codelco, the world's No.1 supplier of the metal, having already pledged $4 billion until 2020, its mining minister told Reuters on Monday. "Over the five years the amount cannot exceed $4 billion, since this is what is established in a law passed by the Chilean...

  • *Copper rises on improved sentiment after Glencore cuts. LONDON, Oct 12- Copper rose on Monday after recent production cuts by Glencore boosted sentiment towards base metals though analysts warned the shift in output may not be enough to offset weak demand growth in China. Glencore said last month it was suspending some copper operations at its Katanga Mining...

  • Grexit would be disastrous for Greece: CEO Monday, 12 Oct 2015 | 4:45 AM ET
    Grexit would be disastrous for Greece: CEO

    Evangelos Mytilineos, CEO of Mytilineos, discusses what it’s like to be a mining company in Greece right now.

  • *Glencore receives interest from potential buyers. LONDON/ MELBOURNE, Oct 12- Glencore plans to sell copper mines in Australia and Chile as the mining and trading company aims to reduce a debt burden accumulated in an asset buying spree that has shaken confidence in the Swiss-based firm. Glencore said it would sell its wholly-owned Cobar copper mine in...

  • *Glencore cuts create zinc price risk in coming months. MELBOURNE, Oct 12- London copper climbed on Monday to near its highest level in more than three weeks, after production cuts by Glencore revived sentiment towards metals and as a U.S. rate hike looked to be delayed. Weak commodities prices prompted Glencore to cut 500,000 tonnes of zinc production, or 4 percent...

  • Glencore puts copper mines on the block Sunday, 11 Oct 2015 | 10:21 PM ET

    Glencore has hoisted the for-sale sign over two copper mines - Cobar in Australia and Lomas Bayas in Chile - after being approached by buyers.

  • *Glencore cuts create zinc price risk in coming months. MELBOURNE, Oct 12- London copper was flat on Monday but holding near its highest level in more than three weeks, after production cuts by Glencore revived sentiment towards metals and as a U.S. rate hike looked to be delayed. Weak commodities prices prompted Glencore to cut 500,000 tonnes of zinc production, or...