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Materials and Metals Metals and Mining

  • TEL AVIV, Dec 20- Israeli police arrested a former business associate of mining billionaire Beny Steinmetz on Tuesday in a widening inquiry into allegations of bribery and corruption in Africa. Asher Avidan, ex-president of a company linked to Steinmetz's BSG Resources and a former employee of Israel's Ministry of Foreign Affairs, has been placed under house...

  • Coal is loaded into a truck at the Jim Bridger Mine, owned by energy firm PacifiCorp and the Idaho Power Company, outside Point of the Rocks, Wyoming.

    Cheap, low-sulfur coal from one state feeds the West, but the region is shifting to natural gas and renewable energy.

  • TEL AVIV, Dec 20- Israeli police said on Tuesday they have arrested a second businessman in an investigation concerning allegations of bribery and corruption in Africa involving mining billionaire Beny Steinmetz. The joint investigation is being conducted by agencies from the United States, Switzerland, Guinea and Israel in coordination with the OECD.

  • *Friends of the Earth say to continue to oppose fracking. LONDON, Dec 20- Britain's High Court ruled on Tuesday that a fracking permit awarded by a local council to developer Third Energy was legal, after it was challenged by environmental campaigners, opening the way to shale gas extraction in the UK. The contested permit in Yorkshire, in the north of England, was the...

  • *Friends of the Earth say to continue to oppose fracking. LONDON, Dec 20- Britain's High Court ruled on Tuesday that a fracking permit awarded by a local council to developer Third Energy was legal, after it was challenged by environmental campaigners, opening the way to shale gas extraction in the UK. The contested permit in Yorkshire, in the north of England, was the...

  • LONDON, Dec 20- Britain's High Court ruled on Tuesday that a local government's shale gas fracking permit award to developer Third Energy was legal, claimants Friends of the Earth said in a statement. "The High Court has ruled that fracking can go ahead in beautiful Yorkshire," said Donna Hume, campaigner for Friends of the Earth, an environmental group that had...

  • Resources companies were one of the biggest victims when animal spirits were at their worst, could they now be set to gain?

  • Catalysts driving miners will eventually fade: Haitong

    Andrew Keen, senior analyst and head of resources at Haitong, explains why he’s quite bearish on the commodity market going into 2017.

  • *BSGR says Guinea initiated investigations. TEL AVIV/ LONDON, Dec 19- Israeli authorities placed billionaire businessman Beny Steinmetz under house arrest on Monday over allegations of bribery and corruption in Africa linked to his mining company, BSG Resources. BSGR said in a separate statement that the investigations were initiated by the government of...

  • *BSGR says Guinea government initiated investigations. TEL AVIV/ LONDON, Dec 19- Israeli authorities placed billionaire businessman Beny Steinmetz under house arrest on Monday over allegations of bribery and corruption in Africa linked to his mining company, BSG Resources. BSGR said in a separate statement that the investigations were initiated by the...

  • LONDON, Dec 19- Billionaire businessman Beny Steinmetz has been detained by Israeli police for questioning in relation to allegations of bribery and corruption in Africa, mining company BSG Resources said on Monday. Israeli police did not name the individual but said in a statement that he, along with other Israelis living abroad, was suspected of paying tens...

  • Vale's Brucutu mine in Barao dos Cocais, Minas Gerais.

    Vale agreed to sell part of its fertilizer business to Mosaic in a move aimed at cutting debt and focusing on core mining activities.

  • *Miners had planned to join forces to win China sales. SYDNEY, Dec 19- Australian iron ore miner Fortescue Metals Group said on Monday its proposed tie-up with larger Brazilian rival Vale to customize orders for Chinese steelmakers will not proceed. Vale, the world's No. 1 iron ore miner, and Fortescue, the world's No. 4, said in March they were in talks to blend up to 100...

  • NEW DELHI, Dec 19- Steel Authority of India Ltd is in talks with Japan's Nippon Steel& Sumitomo Metal Corp and Kobe Steel Ltd for potential technical agreements to help the firm expand its global footprint, SAIL's chairman told Reuters. India's biggest state-owned steel producer has already held an initial round of talks with Japan's top steelmakers, Singh said,...

  • *China nickel ore stockpiles at five-year low. MELBOURNE, Dec 19- London copper slipped to its weakest in 3-1/ 2 weeks on Monday as inventories pile up ahead of year-end, while lead and zinc posted steep falls on profit-taking after strong fourth-quarter gains. London Metal Exchange copper was down 0.3 percent at $5,617 a tonne at 0310 GMT, after hitting its lowest...

  • *Freeport faces narrowing window for $18 bln expansion. At stake for Freeport is an $18 billion investment to expand its Grasberg mine- one of the world's biggest deposits of gold and copper- in the eastern Indonesian province of Papua. "Freeport is more politics than business," Hakim told a recent media briefing.

  • SANTIAGO, Dec 16- Workers at Chilean state-owned Codelco's massive Chuquicamata copper mine accepted on Friday an early wage deal, putting to rest what some industry insiders had feared could be prolonged, tense talks and even the threat of a strike. The wage talks at Chuquicamata, one of Codelco's largest operations, are seen as a bellwether for the industry and...

  • SANTIAGO, Dec 16- Workers at Chilean state-owned Codelco's Chuquicamata copper mine accepted on Friday a wage deal presented to them by the company during early contract negotiations, union leader Jaime Graz told Reuters.

  • LONDON, Dec 16- Chile's Antofagasta said it was considering a legal challenge to a refusal by U.S. authorities to renew mineral leases in Minnesota, a rejection analysts and lawyers said could be overturned after President-elect Donald Trump takes office. Antofagasta said on Friday the renewal of two long-held leases in the Iron Range region of Minnesota,...

  • Taliban fighters with a vehicle on highways in Afghanistan.

    The Taliban are now "committed to safeguarding" the copper mine south of Kabul.