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Materials and Metals Metals and Mining

  • MANILA, Feb 6- Philippine Environment and Natural Resources Secretary Regina Lopez said on Monday she will not reconsider her decision to shut down 23 of the country's 41 mines, adding the Southeast Asian nation is "unfit for mining." Lopez defended her decision to shut the mines, saying they were in watersheds. It is closure because there is no way you can have any...

  • *Sees copper around $5,800 a tonne in Jan-March. Marubeni revised up its annual forecast as it expects to book one-off gains of about 20 billion yen in the January-March quarter from selling some of its solar power assets in Japan, Marubeni CFO Nobuhiro Yabe told a news conference. Marubeni, which owns stakes in copper mines in Chile, is assuming copper prices of...

  • Randgold Resources CEO Mark Bristow weighs in on whether he thinks U.S. President Donald Trump will be good for gold prices in the coming months.

  • Charles Newsome, divisional director at Investec Wealth, talks about whether client portfolios should have an exposure to mining, with comment on gold.

  • Randgold Resources CEO Mark Bristow outlines the key details from the latest earnings report by the gold mining company.

  • MANILA, Feb 6- The Philippine mining minister's decision to close over half of the country's mines and suspend others is "illegal and unfair," and jeopardizes an industry that has paid a large amount in taxes and fees to the government, the country's mining industry body said on Monday. "She violated due process- which is an inherent part of the rule of law- and did not...

  • MELBOURNE, Feb 6- London copper edged up on Monday on supply concerns, steadying after falling by its most this year in the previous session in the wake of surprise economic tightening in top consumer China. It lost 1.9 percent on Friday in its biggest daily fall since Dec. 19, with prices reaching their lowest since Jan. 20 at $5,755 a tonne. *Shanghai Futures Exchange...

  • SINGAPORE, Feb 6- Oil prices edged up on Monday on fears that new U.S. sanctions against Iran could be extended to start affecting crude supplies, but markets were capped by further signs of growing U.S. production. Tensions between Tehran and Washington have risen since a recent Iranian ballistic missile test which prompted U.S. U.S. energy companies added oil...

  • *The Philippines is the world's top nickel ore supplier. MANILA, Feb 5- A team that reviewed an audit of Philippine mines recommended suspension of operations and payment of fines for environmental violations, rather than the closure of 23 mines ordered by the minister overseeing the process, two people with knowledge of the matter said. Environment and Natural...

  • *The Philippines is the world's top nickel ore supplier. MANILA, Feb 5- A team that reviewed an audit of Philippine mines recommended suspension of operations and payment of fines for environmental violations, rather than the closure of 23 mines ordered by the minister overseeing the process, two people with knowledge of the matter said. Environment and Natural...

  • *The Philippines is the world's top nickel ore supplier. MANILA, Feb 5- A team that reviewed an audit of Philippine mines recommended suspension of operations and payment of fines for environmental violations, rather than the closure of 23 mines ordered by the minister overseeing the process, two people with knowledge of the matter said. Environment and Natural...

  • *The Philippines is the world's top nickel ore supplier. MANILA, Feb 5- A team that reviewed an audit of Philippine mines recommended suspension of operations and payment of fines for environmental violations, rather than the closure of 23 mines ordered by the minister overseeing the process, two people with knowledge of the matter said. Environment and Natural...

  • BEIJING, Feb 4- China is disappointed at continued high U.S. tax rates on Chinese steel products and will take necessary steps to protect the rights of its enterprises, a Ministry of Commerce official said on Saturday. The United States moved closer to slapping duties on imports of stainless steel sheet and strip from China this week, issuing a final...

  • TORONTO, Feb 3- Freeport-McMoRan Inc, the world's biggest publicly-listed copper miner, said on Friday it will cut staff, spending and production in Indonesia if it does not get a new export permit by mid-February, amplifying a warning it made last week. The Phoenix- based miner said it continues to work with the Indonesian government to resolve issues after...

  • SANTIAGO, Feb 3- Teck Resources said on Friday that two of the three unions at its Quebrada Blanca copper mine in Chile have agreed to extend their current contracts for 15 months. The managers' union will extend its contract through January 2019 and another union representing other workers will do so through March 2019. Quebrada Blanca, which produced 31,900...

  • In a 52-47 vote, the Republican-controlled Senate approved a resolution to eradicate a rule requiring companies such as Exxon Mobil and Chevron Corp to publicly state taxes and other fees paid to foreign governments like Russia. On Thursday, the Senate repealed a rule that would have limited coal companies from dumping waste into streams.

  • China rate hike spurs unwinding of long positions-analyst. LONDON, Feb 3- Copper prices slid to their lowest in nearly two weeks on Friday after workers restarted wage talks at the biggest copper mine and China increased its interest rates, sparking concern about a clampdown on speculators. "The higher rates basically indicate that this year controlling...

  • *STOXX up 0.7 percent, close week down 0.5 pct. *Miners drop as metal prices weaken on China worries. LONDON, Feb 3- European shares ended a mixed week on a positive note on Friday, helped by well-received company earnings and buoyant economic data, while mining stocks were hit by weaker metal prices.

  • LONDON, Feb 3- Copper fell for a third session on Friday after China wrong-footed investors and increased its interest rates, sparking concern about a clampdown on speculators. "The higher rates basically indicate that this year controlling excessive financial risk has become a top priority of the authorities," said Xiao Fu, head of commodity market strategy at...

  • TORONTO, Feb 3- Freeport-McMoRan Inc, the world's biggest public-listed copper miner, said on Friday it will need to cut staff and development spending in Indonesia if the government there continues to delay export approval of its copper concentrates. The Phoenix- based miner said it has the right to export copper concentrate from its Grasberg mine without...