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Materials and Metals Metals and Mining

  • Miners of the Escondida copper mine, on strike, block a road outside of Escondida, some 145 km northeast of Antofagasta, Chile, on March 8, 2017.

    The union called the fresh offer from management to end the strike "manipulative."

  • 'Absolutely' no concerns about China: Rio Tinto CEO

    Jean-Sebastien Jacques, CEO of Rio Tinto, says he isn't worried about the Chinese economy in 2017 even amidst ongoing restructuring.

  • St. Louis- based Peabody, the world's largest private-sector coal producer, owns mines in Australia and the United States and supplies the global market with the metallurgical coal used in steelmaking and the thermal coal used to generate electricity. In the environmental settlement, the Department of Justice was negotiating on behalf of the Environmental...

  • BEIJING, March 18- China should not be singled out in a fight against excess steel capacity that requires stronger global cooperation, Wang Shouwen, a vice commerce minister, said on Saturday. "When we are talking about overcapacity in the steel sector, China should not be singled out. President Donald Trump's choice for top U.S. trade negotiator on Tuesday pledged...

  • LONDON, March 17- Copper rose on Friday and posted its biggest weekly gain since mid-February in response to a weak U.S. dollar and ongoing mine supply concerns, while tin clocked its largest weekly gain in a year. Striking workers at Chile's Escondida, the world's biggest copper mine, are blocking attempts by owner BHP Billiton to renew operations at a major port...

  • Most oil from shale formations in the United States as well as from the North Sea and West Africa is relatively low density and contains only a small percentage of sulfur. Crude from Saudi Arabia and other countries around the Middle East Gulf, on the other hand, is mostly denser and contains much more sulfur. By restricting their production, Saudi Arabia and other...

  • LONDON, March 17- Copper was steady on Friday, on course for its biggest weekly gain since mid-February in response to a weak U.S. dollar and ongoing mine supply concerns, while tin was set for its largest weekly gain in a year. Three-month copper on the London Metal Exchange traded flat in official midday rings at $5,910 a tonne, on course for a gain of around 3 percent...

  • DUESSELDORF, Germany, March 17- Around 72,000 German steel workers will get a 2.3 percent pay hike from April, and another 1.7 percent from next May in a deal struck overnight, one of several sectors in Europe's largest economy to give workers a solid wage rise this year. The deal, which runs until the end of 2018, was reached for steelworkers in northwestern Germany...

  • *Strikers at Chile copper mine block restart attempt at port. LONDON, March 17- Copper edged up on Friday, on course for its biggest weekly advance since mid-February in response to a weaker U.S. dollar and ongoing mine supply concerns, while tin is set for its largest weekly gain in a year. Three-month copper on the London Metal Exchange edged up 0.25 percent to...

  • NEW DELHI, March 17- India's steel minister said he hoped state-owned Steel Authority of India Ltd and ArcelorMittal SA would resolve differences over building an $897 million automotive steel plant before the deadline in May to close the deal. SAIL is banking on the proposed joint venture with the world's number 1 steel producer, ArcelorMittal, to help it move...

  • *Reiterates call for $6,200 copper in three months. MELBOURNE, March 17- London copper slipped on Friday, but remained on course to mark its biggest weekly advance since mid-February on a weaker dollar and ongoing mine supply concerns. Three-month copper on the London Metal Exchange slipped 0.5 percent to $5,882 a tonne by 0704 GMT, following a 0.7- percent gain...

  • Anil Agarwal, billionaire and owner of Vedanta Resources, pauses during a presentation in Cape Town, South Africa, on Tuesday, Feb. 7, 2017.

    Anil Agarwal's attempt to buy £2bn of shares in Anglo American will give him a major say in one of the world's top miners, the FT reports.

  • MELBOURNE, March 17- London copper was steady on Friday, remaining on course to mark its biggest weekly advance since mid-February on a weaker dollar and ongoing mine supply concerns. Three-month copper on the London Metal Exchange was little changed at $5,902 a tonne by 0238 GMT, after a 0.7- percent gain from the previous session. Prices on Thursday reached...

  • ST. LOUIS, March 16- Peabody Energy Corp, the world's largest private sector coal producer, said on Thursday it expects to exit its Chapter 11 bankruptcy in early April after a U.S. judge said he would approve its plan to slash over $5 billion of debt. Bankruptcy Judge Barry Schermer said he was ready to sign an order to approve Peabody's bankruptcy emergence once...

  • MELBOURNE, March 17- London copper steadied on Friday but was set to mark its biggest weekly advance since mid-February, supported by a softer dollar and ongoing mine supply concerns. *Shanghai Futures Exchange copper edged down 0.1 percent to 47,920 yuan a tonne. *President Donald Trump's first budget outline, calling for a security-heavy realignment of...

  • MELBOURNE, March 17- London copper steadied on Friday but was set to mark its biggest weekly advance since mid-February, supported by a softer dollar and ongoing mine supply concerns. *Shanghai Futures Exchange copper edged down 0.1 percent to 47,920 yuan a tonne. *President Donald Trump's first budget outline, calling for a security-heavy realignment of...

  • RIO DE JANEIRO, March 16- Brazilian iron ore miner Vale SA said on Thursday that a federal court in Minas Gerais has suspended a case brought by prosecutors seeking 155 billion reais in damages for the 2015 Samarco mine disaster. The collapse killed 19 people and caused Brazil's worst ever environmental disaster when mud and waste destroyed a village and...

  • CALGARY, Alberta, March 16- Syncrude Canada notified customers on Thursday that its oil sands plant in northern Alberta would cut production by more than 50 percent in March and April after a fire this week, four trading sources said. Syncrude spokesman Will Gibson declined to comment. "In addition, this will enable both Syncrude and agencies, including Alberta...

  • CALGARY, Alberta, March 16- The Canadian crude-producing province of Alberta will post a higher-than-expected budget deficit of C $10.3 billion in the coming fiscal year, it said on Thursday, raising spending as its economy recovers. Alberta, home to Canada's oil sands and the No. 1 exporter of crude to the United States, has benefited from higher global crude...

  • CALGARY, Alberta, March 16- The fire at Syncrude Canada's oil sands plant in northern Alberta was extinguished on Thursday morning, the company said in a statement, as parts of the mining and upgrading facility ran at reduced rates. Syncrude said crews were still working to fully isolate the affected area of the Mildred Lake upgrader to allow safe entry to assess...