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Materials and Metals Metals and Mining

  • Jacques, named five months ago to run the world's second-biggest mining company, said it's now clear China's mandate to rid its skies of pollution by restructuring its state-owned coal industry was behind a tripling of coal prices since January. In April, China's State Administration of Work Safety introduced new coal-production caps, restricting the...

  • Thyssenkrupp cautious on profit; says cost cuts key

    ThyssenKrupp full-year net profit declined by 4 percent, missing expectations amid difficult market conditions. CNBC’s Annette Weisbach reports.

  • ThyssenKrupp CEO: Believe we are in quite solid shape

    CNBC’s Annette Weisbach reacts to the comments made by ThyssenKrupp CEO in a CNBC interview, while commenting on the firm’s strategy going forward.

  • More sensitive to anti-dumping in EU: ThyssenKrupp CEO

    ThyssenKrupp CEO Heinrich Hiesinger weighs in on whether the EU’s current tariffs on Chinese steel imports should be higher.

  • US is an important market for us: ThyssenKrupp CEO

    ThyssenKrupp CEO Heinrich Hiesinger weighs in on what a Donald Trump presidency may look like and how it impacts the materials space.

  • ThyssenKrupp CEO: Cautious about material price rises

    While discussing its earnings, ThyssenKrupp CEO Heinrich Hiesinger says if you work in the materials space, you have to get used to the market volatility.

  • *Spot gold was down 0.2 percent to $1,185.68 an ounce by 0040 GMT. In the previous session, the metal fell 2 percent to touch a 9-1/ 2- month low of $1,181.45. *Russia and Kazakhstan continued to boost their gold reserves in October, data from the International Monetary Fund showed on Wednesday.

  • TORONTO, Nov 23- Four workers at a Sherritt International Corp joint venture in Cuba died on Tuesday, when a municipal bridge they were repairing collapsed, the Canadian miner said on Wednesday. Sherritt, which owns 50 percent of the Moa nickel operation with General Nickel Company SA of Cuba, said the bridge had been damaged by Hurricane Matthew in October and...

  • TORONTO, Nov 23- Sharp losses among gold miners weighed heavily on Canada's main stock index on Wednesday as the precious metal slid to a nine-month low, with the falls offsetting solid gains for heavyweight banks and more subdued rises across most other sectors. Barrick Gold Corp fell 4.5 percent to C $19.72, and Goldcorp Inc declined 4 percent to C $17.41.

  • CHICAGO, Nov 23- U.S. coal producer Peabody Energy Corp said on Wednesday it is closer to exiting bankruptcy, with a debt dispute between creditors fizzling as a recent increase in coal prices boosts their chances for recovery. A creditor fight launched by some of Wall Street's most litigious investment funds, Aurelius Capital Management and Elliott...

  • TORONTO, Nov 23- Four workers at a Sherritt International Corp joint venture in Cuba died on Tuesday, when a municipal bridge they were repairing collapsed, the Canadian miner said on Wednesday. Sherritt, which owns 50 percent of the Moa nickel operation with General Nickel Company SA of Cuba, said the bridge had been damaged by Hurricane Matthew in October and...

  • TORONTO, Nov 23- Canadian miner Sherritt International Corp said on Wednesday that four workers from its Moa joint venture in Cuba had died when a municipal bridge they were repairing collapsed Tuesday afternoon. Sherritt, which owns 50 percent of the Moa nickel operation with General Nickel Company SA of Cuba, said the bridge had been damaged by Hurricane...

  • *Steelmakers see ally in Trump adviser Dan DiMicco. LONDON/ CHICAGO, Nov 23- The top U.S. steelmakers' association said it has been in contact with President-elect Donald Trump's transition team since his election on Nov. 8, as the industry seeks tougher trade defenses under his incoming administration. "We initially communicated with the transition team prior to...

  • Futures Now: Gold hits 9-month low

    The "Futures Now" team discusses gold's nine-month low, and where they see the commodity heading from here.

  • *STOXX Europe 600 index ends down 0.07 pct. LONDON, Nov 23 (Reuters)- European shares steadied on Wednesday, with basic resources companies underpinning the broader market following a rise in metals prices. President-elect Donald Trump's pledge to invest heavily in infrastructure projects will enhance demand for raw materials.

  • Potash Corp is still completing a multiyear expansion of its Rocanville, Saskatchewan, mine. Potash Corp has long matched supply to demand, and that practice will continue, spokesman Randy Burton said. Potash Corp shares dipped 1 percent in New York.

  • TORONTO, Nov 23- Freeport-McMoRan Inc, the world's largest publicly listed copper producer, said on Wednesday it raised $1.5 billion in an equity offering, completing its plan to reduce debt with proceeds from asset sales and new equity. Freeport, which has sold mining and energy assets in deals worth $6.6 billion this year, said it can now meet its debt reduction...

  • The company said it would cut production at its Cory, Saskatchewan, mine to 0.8 million tonnes a year from 1.4 million, resulting in a reduction of 100 jobs and 40 temporary positions starting in February. Potash Corp is still completing a multiyear expansion of its Rocanville, Saskatchewan, mine. Potash Corp shares dipped 0.8 percent in New York.

  • PARIS, Nov 23- French state-controlled nuclear group Areva hopes that China's CNNC and Japan's MHI will agree to buy minority stakes in the firm in coming weeks as part of a restructuring of the loss-making firm, Areva's chairman said on Wednesday. Under a government-led rescue, Areva is preparing to split off its uranium mining and nuclear fuel activities into...

  • TORONTO, Nov 23- Canada's main stock index was pushed lower on Wednesday by sharp declines among gold mining stocks as the precious metal slid to a nine-month low. Barrick Gold Corp fell 4.9 percent to C $19.63, and Goldcorp Inc declined 5.1 percent to C $17.22. Potash Corp slipped 0.4 percent to C $23.97.