Materials and Metals Metals and Mining

  • *Manila has already halted 10 mines, 8 of them nickel producers. MANILA, Sept 19- The Philippines could suspend at least 10 more mines under an environmental crackdown on the sector, the minister in charge of mining said, in a move that threatens to halt the operations of half the mines in the world's top supplier of nickel ore. The Philippines has already halted the...

  • *Manila has already halted 10 mines, 8 of them nickel producers. MANILA, Sept 19- The Philippines could suspend at least 10 more mines under an environmental crackdown on the sector, the minister in charge of mining said, in a move that threatens to halt the operations of half the mines in the world's top supplier of nickel ore. The Philippines has already halted the...

  • Much of iron ore's gains in 2016 have been driven by strong demand from China, with imports up 9.3 percent to 669.65 million tonnes in the first eight months of the year from a year ago. And as yet, there is no sign that China's appetite for imported iron ore is waning, with vessel-tracking and port data suggesting September will be another strong month for the buyer...

  • *Manila has already halted 10 mines, 8 of them nickel producers. *Philippines is world's top nickel ore supplier. MANILA, Sept 19- The Philippines could suspend at least 10 more mines under an environmental crackdown on the sector, the minister in charge of mining said, in a move that threatens to halt the operations of half the mines in the world's top supplier of...

  • *Manila has already halted 10 mines, 8 of them nickel producers. *Philippines is world's top nickel ore supplier. MANILA, Sept 19- The Philippines could suspend at least 10 more mines under an environmental crackdown on the sector, the minister in charge of mining said, in a move that threatens to halt the operations of half the mines in the world's top supplier of...

  • *Manila has already halted 10 mines, 8 of them nickel producers. *Philippines is world's top nickel ore supplier. MANILA, Sept 19- The Philippines could suspend at least 10 more mines under an environmental crackdown on the sector, the minister in charge of mining said, in a move that threatens to halt the operations of half the mines in the world's top supplier of...

  • *Manila has already halted 10 mines, 8 of them nickel producers. *Philippines is world's top nickel ore supplier. MANILA, Sept 19- The Philippines could suspend at least 10 more mines under an environmental crackdown on the sector, the minister in charge of mining said, in a move that threatens to halt the operations of half the mines in the world's top supplier of...

  • TORONTO/ DENVER, Sept 18- The world's biggest gold miners are taking a cautious approach in their hunt for bullion, spending more money to explore around existing mines rather than new territory in a strategy that may have short-term gains but risks future production growth. "It only makes sense to be looking in your own backyard first before exploring elsewhere,"...

  • MOSCOW, Sept 16- Russian aluminum giant Rusal expects aluminum prices to stabilize within a $1,600- 1,700 per tonne range next year if China does not increase production, global stocks keep falling and demand grows. "The aluminum market has in fact found its stabilization point this year for the first time in five years," Rusal Deputy Chief Executive Oleg...

  • MOSCOW, Sept 16- Russian aluminium giant Rusal expects aluminium prices to stabilise within a $1,600- 1,700 per tonne range next year if China does not increase production, global stocks keep falling and demand grows. "The aluminium market has in fact found its stabilisation point this year for the first time in five years," Rusal Deputy Chief Executive Oleg...

  • LONDON, Sept 16- Copper hit a three-week peak on Friday before retreating on a steadier dollar, but managed to log its largest weekly rise in two months after Chinese economic data suggested stronger growth in the next few months. Markets in China remained closed for the Mid-Autumn Festival, thinning trade flows. "Copper consumption in China this year has been far...

  • LONDON, Sep 16- The London tin market is becoming increasingly prone to spread tightness. Low stocks can be seen in part as a sign of genuine supply pressures, particularly in Indonesia. But there is also a sense that low LME stocks are a sign of a changing tin trading landscape, one in which the London exchange is shrinking even while the upstart Shanghai contract is...

  • Markets in China remained closed for the Mid-Autumn Festival, thinning trade flows. "Copper consumption in China this year has been far stronger than most people thought and prices are likely to remain supported between $4,600 and $4,900 a tonne over the next quarter," Citi strategist David Wilson said. "Refined copper in Shanghai bonded offered at $60 from $50...

  • *Spot gold was up 0.2 percent at $1,316.30 an ounce by 0052 GMT, but was on track to end the week down nearly 1 percent. *U.S. gold futures rose 0.1 percent to $1,319.80 an ounce. *Barrick Gold Corp said on Thursday that operations at its Veladero mine in Argentina were temporarily suspended by the government after a "small quantity" of processing solution that contains...

  • LONDON, Sept 15- Nickel slumped to the lowest in more than two months on Thursday after worries eased that an environmental crackdown in the Philippines would create shortages. Nickel is up about 12 percent this year, having hit a one-year peak in early August as authorities in the Philippines launched a campaign to close mining operations that failed to met...

  • TORONTO, Sept 15- Canadian base metals miner Lundin Mining Corp has won a two week extension until Sept. 29 to bid on Freeport-McMoRan Inc's stake in the Tenke Fungurume copper and cobalt mine, Lundin said in a statement on Thursday. Lundin, previously granted an extension to Sept. 15, said it continues to review, with legal and financial advisors, its ownership in the...

  • TORONTO, Sept 15- Barrick Gold Corp said on Thursday that operations at its Veladero mine in Argentina were temporarily suspended by the government after a "small quantity" of processing solution that contains cyanide leaked outside a processing area. The affected ground and other material was collected and returned to the pad, said Barrick spokesman Andy...

  • Sept 15- Barrick Gold Corp, the world's largest gold producer, said on Thursday Argentina's San Juan province announced a temporary suspension of operations at the company's Veladero mine. The suspension came as the company plans further inspections of the mine's heap leach area, where precious metals are extracted from the ore. A pipe in the heap leach area was...

  • China's bank lending more than doubled in August from the previous month, a report showed on Wednesday, adding to brighter economic readings readings from the country earlier this week. Gauges showed China's factories and retail sectors grew faster than expected in August as a strong housing market and a government infrastructure spending spree...

  • *Ouro Branco plant in Brazil exporting half of output. OURO BRANCO, BRAZIL, Sept 15- Brazil's Gerdau SA, the No. 1 long-steel producer in the Americas, is counting on non-traditional flat-steel exports and a data venture with General Electric Co to help weather a world-steel slump and sharp domestic downturn. Gerdau planned Ouro Branco's $1.5 billion flat-steel...