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Materials and Metals Metals and Mining

  • *Palladium touches six-week low at $652.80/ oz. NEW YORK/ LONDON, Dec 21- Gold was little changed but held above last week's 10-1/ 2- month low on Wednesday as a retreat in the dollar from the previous session's 14- year peak prompted some buyers to hunt bargains after the metal's sharp slide from its November high. Spot gold was down 0.06 percent at $1,131.11 an ounce...

  • *Palladium touches six-week low at $654.25/ oz. LONDON, Dec 21- Gold rose on Wednesday as a retreat in the dollar from the previous session's 14- year peak prompted some buyers to hunt bargains after the metal's sharp slide from its November high. Spot gold was up 0.3 percent at $1,134.60 an ounce at 1450 GMT, while U.S. gold futures for February delivery were up $2.70...

  • *Palladium touches six-week low at $658.50/ oz. LONDON, Dec 21- Gold firmed on Wednesday as a retreat in the dollar from the previous session's 14- year peak prompted some buyers to hunt bargains after the metal's sharp slide from its November high. Spot gold was up 0.2 percent at $1,133.90 an ounce at 1035 GMT, while U.S. gold futures for February delivery were up...

  • MANILA, Dec 21- While this year's spectacular rebound in iron ore prices has been a godsend for the world's biggest miners, it has not gone high enough for smaller, less-efficient producers that still have pits shuttered and equipment idle. But smaller producers from China to Sweden still face hard times as their output costs can be as much as $100 a tonne due to...

  • *China Nov copper exports lowest since Jan at 10,552 T. *China copper premiums fall $5 to near 2- month low. MELBOURNE, Dec 21- London copper on Wednesday edged further away from a one-month low hit earlier in the week, with investors betting that stronger U.S. and China economies next year would bolster demand for industrial metals.

  • Spot gold was up 0.2 percent at $1,134.26 an ounce by 0252 GMT. U.S. gold futures were 0.2 percent higher at $1,135.80 per ounce. "Light trading volume can leave gold and the other precious metals open wide swings and erratic behavior on relatively little buying or selling," HSBC analyst James Steel said in a note.

  • MELBOURNE, Dec 21- London copper on Wednesday edged further away from a one-month low hit earlier in the week, with investors betting that stronger U.S. and China economies next year would bolster demand for industrial metals. *Three-month copper on the London Metal Exchange had edged up 0.4 percent to $5,500 a tonne by 0101 GMT, after closing little changed in the...

  • HOUSTON, Dec 20- Oklahoma is imposing guidelines to reduce the risk of earthquakes caused by hydraulic fracturing in its oil-rich shale formations, the first rules in the state to target the controversial production technique. The guidelines are aimed at the South Central Oklahoma Oil Province and Sooner Trend Anadarko Basin Canadian and Kingfisher...

  • 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.