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Materials and Metals Metals and Mining

  • 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.

  • An employee scans barcodes on copper rods

    Gold is out, but the best commodities trade of all is taking place in an obscure part of the market most investors have never heard about.

  • TORONTO, Dec 16- Canada's main stock index rose on Friday as higher oil prices helped heavyweight energy stocks lead broad gains and gold miners recovered as the price of the precious metal steadied. There were five advancing stocks for every decliner, with the most influential gainers including major energy producers Canadian Natural Resources Ltd, which...

  • RIO DE JANEIRO/ SAO PAULO, Dec 16- Brazilian federal police sought to question a prominent pastor and carried out arrest and search warrants across the country on Friday as part of an investigation into possible corruption involving 1.6 billion reais in excess mining royalties. Silas Malafaia, one of Brazil's most influential evangelical preachers, is...

  • *LME copper inventories up 40 pct from Dec. 8 low. LONDON, Dec 16- Copper prices fell on Friday, ending two days of gains, as rising stocks in London Metal Exchange warehouses and signs of softer demand from major consumer China pulled the metal further from last month's 17- month peak. Benchmark LME copper was down 1 percent at $5,675.50 a tonne at 1030 GMT.

  • MONGBWALU, Democratic Republic of Congo, Dec 16- W hen Guy Robert Lukama looked out at thousands of illegal gold diggers hacking away at the verdant hills in remote northeastern Congo, he glimpsed opportunity where previous owners saw only an intractable problem. Lukama's former employer, South Africa's AngloGold Ashanti, had for years sought to develop the...

  • BEIJING, Dec 16- Steelmakers in China's top province for producing the construction material are being forced to crimp output after the local government said they had to reduce emissions in the wake of a series of pollution alerts. Ten cities in the province of Hebei, which surrounds Beijing, have been issued with' red alerts' for smog, the highest possible air...

  • BEIJING, Dec 16- Steelmakers in China's top province for producing the construction material are being forced to crimp output after the local government said they had to reduce emissions in the wake of a series of pollution alerts. Eight cities in the province of Hebei, which surrounds Beijing, have been issued with' red alerts' for smog, the highest possible air...

  • *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.

  • SYDNEY, Dec 16- A stronger dollar and signs of mounting supply in London Metal Exchange warehouses pushed LME copper lower on Friday. Benchmark LME copper had slipped 0.2 percent to $5,722 a tonne by 0225 GMT. "That wasn't enough to keep copper in positive territory this morning, particularly given the amount of metal in the LME," said a Sydney- based commodities...

  • SYDNEY, Dec 16- Copper held modest overnight gains on Friday, despite a stronger dollar and signs of mounting supply in London Metal Exchange warehouses. *Three-month LME copper was steady at $5,732 a tonne at 0100 GMT. *The most-traded copper contract on the Shanghai Futures Exchange was up 0.3 percent at 46,820 yuan a tonne.

  • QUITO, Dec 15- Ecuador on Thursday dispatched soldiers and police officers to an isolated jungle area after a violent protest against a Chinese copper exploration project left one policeman dead and several other security officials injured amid conflicts between mining companies and indigenous communities. President Rafael Correa declared a 30- day...

  • Mining sector well-primed for big data use: Expert

    It's not just about getting more data but making data more accessible and useful, says Vikram Mengi, CEO at Latize.

  • Trading Nation: Gold tumbles

    Erin Gibbs, S&P Global, and Ari Wald, Oppenheimer, discuss the gold market with Brian Sullivan.

  • CALGARY, Alberta, Dec 15- Canadian Natural Resources Ltd said on Thursday that it expected 2017 production to rise by 6 percent and set its capital budget for next year at C $3.89 billion, a slight increase from C $3.84 million in 2016.. Canadian Natural said it would complete an expansion of its Horizon oil sands project located north of Fort McMurray in Alberta, in...

  • PARIS, Dec 15- Third-party investors have made a firm 500 million euro offer for a combined 10 percent stake in a new nuclear fuel group that will be split off from Areva, Areva's Chief Executive Philippe Knoche said on Thursday. Under a French government-led rescue, Areva is preparing to split off its uranium mining and nuclear fuel activities into NewCo, which...

  • Futures Now: Gold plunges

    The "Futures Now" team discusses gold's plunge to its lowest level since February.

  • SMEDEREVO, Serbia, Dec 15- China's Hesteel plans to invest $120 million in 2017 to upgrade Serbian steel mill Zelezara Smederevo, which it bought from the Serbian government this year in the first major Chinese acquisition of a Serbian company. Zelezara Smederevo is the first European steel plant to be bought by a steelmaker from China, which accounts for about...

  • BUENOS AIRES, Dec 14- A World Bank tribunal ordered Venezuela to pay steelmaker Tenaris SA $162 million for expropriating two investments in the country, according to a statement published by the Buenos Aires stock exchange on Wednesday. Luxembourg- based Tenaris, the world's top producer of seamless steel pipes for the energy industry, and its Talta Lda...