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Materials and Metals Metals and Mining

  • Pennsylvania environmental regulators have found a likely correlation between a natural gas company's fracking operation and a series of tiny earthquakes in western Pennsylvania last year. Fracking, a method to extract gas or oil from underground shale rock, has been tied to earthquakes in neighboring Ohio and other states, but never before in...

  • Johannesburg, Feb 17- ArcelorMittal South Africa said on Friday the country's government had approved a new pricing model for flat steel products aimed at bolstering its steel sector. The steelmaker, a unit of ArcelorMittal was fined a record 1.5 billion rand in August for colluding to fix steel prices. The government of Africa's most industrialized country...

  • LONDON, Feb 17- The recent history of the zinc market has been one of reality trumping great expectations. Everyone loves the zinc narrative of pending supply crunch. Big mines such as Century in Australia and Lisheen in Ireland have closed.

  • ANTOFAGASTA, Chile, Feb 17- In the dusty mining city of Antofagasta in northern Chile, the copper miners are not the only ones lamenting the end of the commodities boom- and the juicy bonuses that went with it. Businesses in Antofagasta- from retailers of cars and luxury cruises to taxis and restaurants- formerly enjoyed windfalls every time miners renegotiated...

  • Executive Edge: Trump's promise to coal country

    CNBC's Contessa Brewer reports from Ohio about the Trump administration's pledges to the coal mining industry.

  • *Copper market focus moves to China manufacturing data. LONDON, Feb 17- Copper slid on Friday as its failure to sustain levels above $6,000 a tonne triggered profit-taking, but the likelihood of strong demand from top consumer China and supply disruptions are expected to support prices. It will depend on data over the next few months, particularly from China, "said...

  • *Worries over supply from Chile, Indonesia limit losses. Concerns over major supply stoppages in Chile and Indonesia swept the metal to a 21- month high of $6,204 on Monday. The positions of BHP Billiton and the striking union at its Escondida copper mine in Chile-- accounting for about 6 percent of world supply-- remain distant even as the two parties agreed this...

  • *Philippines is the world's top nickel ore supplier. MANILA, Feb 17- Philippine miner Marcventures Mining and Development Corp, whose nickel mine was one of 23 ordered to close by the environment ministry, said on Friday it will take legal action to overturn the ruling and plans to ship out ore next month. Marcventures' mine in southern Philippines was among those...

  • *Worries over supply from Chile, Indonesia buoy copper. SYDNEY, Feb 17- Copper prices climbed on Friday following overnight losses, supported above the key $6,000- mark by major supply restrictions at the world's two biggest mines in Chile and Indonesia. The positions of BHP Billiton and the striking union at its Escondida copper mine in Chile, the world's largest,...

  • SYDNEY, Feb 17- Copper prices reversed overnight losses to trade higher on Friday, supported by major supply restrictions at the world's two biggest mines and a weaker dollar. *Three-month copper on the London Metal Exchange had climbed 0.5 percent to $6,033 a tonne by 0128 GMT, following losses of over 1 percent the session before. *The most-traded copper...

  • Feb 17- Gold held firm early on Friday as the dollar hovered near one-week lows, putting the precious metal on track for a third week of gains amid political uncertainties in the U.S. and Europe. President Donald Trump's policies, as well as elections in the Netherlands, France and Germany this year, have fueled gold's rise to a peak of $1,244.67 on Feb. 8.

  • Semi-autogenous grinding (SAG) mills operate at Freeport McMoRan's Grasberg copper and gold mining complex in Papua province, Indonesia, on Wednesday, April 22, 2015.

    All work has stopped at Freeport-McMoRan's giant copper mine in Indonesia and its workers are planning a demonstration.

  • The stacks from the Gavin coal burning power plant tower in Cheshire, Ohio.

    The Stream Protection Rule would have cost an average 260 jobs a year and created 250 positions annually, a government report said.

  • CALGARY, Alberta, Feb 16- Canadian oil and gas producer Cenovus Energy Inc said on Thursday it is doing engineering and design work at two of its deferred oil sands projects in northern Alberta and it could potentially reactivate them in 2018 and 2019, respectively. The two projects, Foster Lake phase H and Narrows Lake phase A, would add up to 75,000 barrels per day...

  • LONDON, Feb 16- Iranian steel imports have become the latest threat to European steelmakers, their trade group said on Thursday, after imports from Iran rose by nearly eight times between 2013 and 2016.. Steel lobby group Eurofer said on Thursday that Iranian exports to Europe had leapt to just over 1 million tonnes annually, putting the country just behind India...

  • *China credit growth to fuel metals demand. LONDON, Feb 16- Nickel prices rose to two-month highs on Thursday on mounting concerns about supplies after the suspension of mines in top ore producer the Philippines and its decision to cancel contracts for undeveloped mines. "Indonesia did partially relax the ban, but it may not make a difference to ore supplies."

  • MOSCOW— Ukraine's president on Thursday pledged to resume coal supplies from separatist-controlled parts of the country after it was blocked by volunteer battalions, threatening to disrupt the country's power supply. Fighting in Ukraine's industrial east between government troops and Russia- backed rebels has killed more than 9,800 people since April...

  • *All work at Grasberg stopped except maintenance- union. JAKARTA, Feb 16- All work has stopped at Freeport-McMoRan Inc's giant copper mine in Indonesia and its workers are planning a demonstration against the government's move last month that halted exports of copper concentrate to boost domestic industries, a union said. Thousands of workers plan to stage a...

  • The company said expansions at its Christina Lake and Foster Creek projects in northern Alberta increased its total oil sands production capacity by 26 percent to an average of 390,000 barrels per day in the quarter. The company reported net earnings of C $91 million, or 11 Canadian cents per share, in the three months ended Dec. 31, compared with a loss of C $641...

  • BRASILIA, Feb 16- Brazilian miner Vale SA said on Thursday it produced a record 349 million tonnes of iron ore in 2016, above its own guidance, helped by strong performance at mines in northern Brazil and the successful start of its new S11D mine. The company said it had continued to halt or reduce higher cost tonnes from its mines in the southeastern state of Minas...