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  • RIO DE JANEIRO/ SAO PAULO, Dec 1- Brazil's Vale SA prepared investors for a difficult 2016 on Tuesday, unveiling a plan that includes about $6 billion in capital investment cuts and $443 million in expected costs to clean up a November mine disaster. Ahead of the Rio de Janeiro- based mining company's annual "Vale Day" event in New York later Tuesday, Chief Executive...

  • Bullish on Copper? Look at Chile: CEO

    Frank Holmes, CEO and CIO of U.S. Global Investors, outlines his top investment advice around commodities.

  • BRASILIA, Nov 30- Brazil filed a lawsuit on Monday against two of the world's largest mining companies for 20 billion Brazilian reais to clean up what it says was its worst environmental disaster, caused by the collapse of a tailings dam. The governments of Brazil and those of two states hit by the damburst sued iron ore operator Samarco and its co-owners, the...

  • SYDNEY, Dec 1- Australia's Roy Hill iron ore mine is set to ship its first cargo, marking the start up of the last of the mining-boom era mega projects in Australia. Iron ore prices have slumped more than 75 percent since construction of the mine began four years ago in partnership with South Korean steelmaker POSCO, Japan's Marubeni Corp and Taiwan's China Steel...

  • BRASILIA, Nov 30- Brazil filed a lawsuit on Monday against two of the world's largest mining companies for 20 billion Brazilian reais to clean up what it says was its worst environmental disaster, caused by the collapse of a tailings dam. The governments of Brazil and those of two states hit by the damburst sued iron ore operator Samarco and its co-owners, the...

  • The "Fast Money" traders give their final trades of the day.

  • LONDON, Nov 30- The London Metal Exchange has just launched two steel contracts, one for steel scrap and one for steel rebar. It's the second time the LME has tried to expand its dominant franchise in nonferrous metals markets into the ferrous space. The Shanghai Futures Exchange's steel rebar contract is by a considerable margin the most traded ferrous contract...

  • LONDON, Nov 30- Copper got only a modest boost on Monday from Chinese producers' plan to cut output as gains were capped by a strong dollar and concern over the economy of top metals consumer China. Nine large copper producers in China agreed at the weekend an initial plan to cut refined metal output by more than 200,000 tonnes in 2016, following moves already...

  • *Gold near lowest since Feb 2010 near-six-year low. LONDON, Nov 30- Gold edged lower on Monday, heading towards its lowest level in nearly six years as the dollar hit a multi-month high and on track for its steepest monthly slide in 2-1/ 2 years on prospects of a U.S. interest rate hike this year. Gold, a non-interest-paying asset, could take a hit from higher rates as the...

  • LONDON, Nov 30- Copper got only a modest boost from news that Chinese producers plan to cut output as gains were capped by a strong dollar and concern over the economy of top metals consumer China. Nine large copper producers in China agreed at the weekend an initial plan to cut refined metal output by more than 200,000 tonnes in 2016, following moves already...

  • MILAN, Nov 30- European shares opened lower on Monday, led by BHP Billiton after news Brazil could seek damages for the burst of a dam, while Delta Lloyd slumped on capital raising plans. Brazil announced plans to sue the owners of the Samarco iron ore miner, BHP and Vale, for $5.2 billion in damages caused by the burst of a tailings dam. Delta Lloyd fell 3.5 percent after...

  • *China copper smelters agree to trim output. Nine large copper producers in China agreed an initial plan to cut refined metal output at the weekend, following moves already announced by China's nickel and zinc makers. "Across the metals space, one of the big concerns is that even with prices at multi-year lows, the degree of production curtailments has been viewed...

  • *Gold dips towards near-six-year low. *Palladium down 20 pct, platinum 16 pct in November. SINGAPORE, Nov 30- Gold extended losses on Monday, dropping towards its lowest level in nearly six years, and was poised to record its steepest monthly slide in 2-1/ 2 years on prospects of a U.S. interest rate hike this year.

  • *Gold reserves at 55.38 million troy ounces at end-October. SINGAPORE/ BEIJING, Nov 30- China added nearly 14 tonnes of gold to its foreign exchange reserves in October, the slowest pace of purchase since the central bank started reporting its reserves of the precious metal on a monthly basis earlier this year. Gold reserves stood at 55.38 million troy ounces at...

  • *Gold dips towards near-six-year low. *Palladium down 20 pct, platinum 16 pct in November. SINGAPORE, Nov 30- Gold extended losses on Monday, dropping towards its lowest level in nearly six years, and was poised to record its steepest monthly slide in 2-1/ 2 years on prospects of a U.S. interest rate hike this year.

  • *China copper smelters agree to trim output. MELBOURNE, Nov 30- London copper and nickel sank early on Monday, shrugging off a wave of plans to cut output by struggling Chinese producers which traders said have just refueled jitters over the worsening shape of China's demand. Nine large copper producers in China agreed an initial plan to cut refined metal output...

  • MELBOURNE, Nov 30- London copper and nickel sank early on Monday, shrugging off a wave of plans to cut output by struggling Chinese producers which traders said have just refueled jitters over the worsening shape of China's demand. *China's nickel producers said on Friday they plan to slash output of refined metal and nickel pig iron, the first major coordinated...

  • SINGAPORE, Nov 30- Gold was trading close to its lowest level in nearly six years on Monday and was poised to record its worst monthly slide in 2-1/ 2 years on prospects of a U.S. interest rate hike this year. *Spot gold was little changed at $1,057 an ounce by 0028 GMT, after dropping 1.2 percent in the previous trading session. *Assets in SPDR Gold Trust, the world's top...

  • The dam burst unleashed 60M cubic meters of waste that devastated a village, killed at least 13 people and polluted a major river valley.

  • BRASILIA, Nov 27- Brazil's federal and state governments plan to sue the owners of the Samarco iron ore miner for 20 billion reais in damages caused by the burst of a tailings dam, Environment Minister Izabella Teixeira told reporters on Friday. Samarco is a joint venture between the world's largest mining company, BHP Billiton Ltd, and the biggest iron ore miner,...