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Materials and Metals Metals and Mining

  • SANTIAGO, Feb 1- Workers at BHP Billiton's Escondida mine in Chile, the world's biggest copper mine, have voted to reject a company wage offer and go on strike, the union told Reuters in the early hours of Wednesday. The strike is due to begin in 48 hours but will likely be postponed for a five-day government mediation to attempt a resolution. The vote had been expected...

  • SYDNEY, Feb 1- London copper eased in light trade on Wednesday on profit taking following hefty overnight gains. The metal rose 2.9 percent on Tuesday, touching a two-month high on a weakening dollar and concerns about potential supply disruptions in Chile. *The dollar nursed hefty losses in Asia on Wednesday after the Trump administration accused Germany and...

  • NEW YORK, Jan 31- Elliott Management launched a proxy fight against metals maker Arconic Inc. nominating five directors on Tuesday to serve on the company's board. Elliott said in its presentation that it could improve Arconic's valuation to at least between $33 and $54 per share. The stock closed at $22.79 on Tuesday, with a market value of $10 billion.

  • *Index posts its lowest close since Dec. 30. TORONTO, Jan 31- Canada's main stock index fell to a one-month low on Tuesday as heavyweight financial shares declined, but some losses for the index were pared, while gold mining stocks climbed as gold prices benefited from pressure on the U.S. dollar. The Toronto Stock Exchange's S&P/TSX composite index closed down...

  • *Sale could raise up to $1 billion- sources. TORONTO/ VANCOUVER, Jan 31- U.S. private equity firm Orion Mine Finance Group is in talks to sell a portfolio of 87 mining royalty, streaming and offtake assets, Orion portfolio manager Douglas Silver said on Tuesday. The portfolio includes 71 royalties, eight streams and eight offtake agreements on gold, silver, base metals...

  • TORONTO, Jan 31- Canada's main stock index fell to a one-month low on Tuesday as heavyweight financial shares lost ground, but some losses for the index were pared, while gold mining stocks climbed as the price of gold benefited from pressure on the U.S. dollar. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 19.16 points, or 0.12...

  • Molten gold pours from a furnace during the final stage of the refining process.

    Using Kensho, we looked at what happens after gold rises 5 percent or more in one month.

  • LIMA, Jan 31- Two workers died when a tunnel caved in at Hochschild Mining Plc's Inmaculada gold and silver mine in southern Peru on Tuesday, a police chief said on local broadcaster RPP. Citing information from the company, Miguel Angel Rivera added that a third worker was wounded in the incident at the mine in the region of Ayacucho. The company did not immediately...

  • LONDON, Jan 31- Copper rose by 2.9 percent on Tuesday, touching a two-month high on concern over potential supply disruptions in Chile and a weakening dollar. "Eventually Trump's policies could feed through to weaker metals prices, but for now the markets are seeing a weaker dollar and pinning their hopes on infrastructure investment in the U.S.," said Warren...

  • TORONTO, Jan 31- Canada's main stock index fell to a one-month low on Tuesday as heavyweight financial shares lost ground, while gold mining stocks rose as the price of gold benefited from nervous financial markets. President Donald Trump's stringent curbs on travel to the United States. At 10:51 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index...

  • TORONTO, Jan 31- Canada's main stock edged higher on Tuesday, helped by gains for gold mining stocks as the price of gold benefited from nervous financial markets. The Toronto Stock Exchange's S&P/TSX composite index was up 12.72 points, or 0.08 percent, at 15,417.84, shortly after the open. Just two of the index's 10 main groups were higher.

  • Jan 31- Steelmaker Nucor Corp reported a 14.5 percent rise in quarterly revenue on Tuesday, as its steel mill shipments increased. Net earnings attributable to Nucor shareholders was $159.64 million, or 50 cents per share, in the fourth quarter ended Dec. 31, compared with a loss of $187.48 million, or 59 cents per share, a year earlier. Revenue rose to $3.96 billion...

  • LONDON, Jan 31- Copper rose on Tuesday, heading back towards last week's two-month high, on concern over potential supply disruptions in Chile and a weakening dollar, while trading was lighter than usual due to the week-long Chinese Lunar New Year break. "Eventually Trump's policies could feed through to weaker metals prices, but for now the markets are seeing a...

  • HARARE, Jan 31- Zimbabwe's government has made a fresh attempt to seize more than half of platinum producer Zimplats' mining land, the company said on Tuesday. It said it received a new notice from President Robert Mugabe's administration on Jan. 13 that the government wanted to seize the land and gave the company 30 days to lodge an objection.

  • Consol sold its Buchanan Mine in southwestern Virginia and some other metallurgical coal reserves to a privately held company for about $420 million last year. The company, which gets most of its profits from the Marcellus shale in Southwest Pennsylvania and West Virginia and the Utica shale in Ohio, said total revenue from its exploration and production...

  • The company's loss from continuing operations was $321.2 million, or $1.42 per share, in the fourth quarter ended Dec. 31, compared with a profit of $45.3 million, or 18 cents per share, in the year-earlier period. Consol said it recorded several one-time charges in the quarter, including a $237 million loss on commodity derivatives. Total revenue and other income...

  • LONDON, Jan 31- Copper rose on Tuesday, heading back towards last week's two month high, on concern over potential supply disruptions in Chile and a weakening dollar, while trading was lighter than usual due to the Chinese Lunar New Year. "Eventually Trump's policies could feed through to weaker metals prices but for now the markets are seeing a weaker dollar and...

  • *JFE says pushing ahead with Mexico steel plant. TOKYO, Jan 31- Japan's No.2 steelmaker JFE Holdings on Tuesday said it was on track to build a steel plant in Mexico with U.S. company Nucor, although it is closely watching U.S. policy after President Donald Trump threatened to tear up a regional trade pact. Trump has threatened to ditch the North American Free Trade...

  • MELBOURNE, Jan 31- London copper rose on Tuesday as the dollar weakened with light trading due to the Lunar New Year break in top metals consumer China. Three-month copper on the London Metal Exchange was up 0.7 percent at $5,849 a tonne by 0739 GMT, paring 1.4- percent losses from the previous session. The Shanghai Futures Exchange will reopen on Feb. 3 after a...

  • MELBOURNE, Jan 31- London copper climbed on Tuesday as the dollar weakened, with trading light due to the Lunar New Year break in top metals consumer China. Three-month copper on the London Metal Exchange had risen 0.5 percent to $5,847 a tonne by 0344 GMT, paring 1.4- percent losses from the previous session. The Shanghai Futures Exchange will reopen on Feb. 3 after...