×

Materials and Metals Metals and Mining

  • JAKARTA, Feb 20- U.S. mining giant Freeport-McMoRan Inc warned on Monday that it could take the Indonesian government to arbitration and seek damages over a contractual dispute that has halted operations at the world's second-biggest copper mine. The row, which centers around the sanctity of Freeport's 30- year mining contract, comes as Indonesia seeks to...

  • BEIJING, Feb 20- China's steel mills and traders were scrambling to find alternative supplies of coking coal for steel making on Monday after Beijing slapped a surprise ban on coal imports from its isolated northern neighbor. Chinese prices of steel, coking coal and coke all rallied, as traders and analysts said mills will likely be forced to buy more expensive...

  • Dollar strength clouds dividend outlook in 2017: Henderson

    Jane Shoemake, investment director at Henderson Global Investors, weighs in on her latest report on dividend trends.

  • *Officials at Chile mine put conditions on meeting with union. MELBOURNE, Feb 20- London copper climbed above the key level of $6,000 per tonne on Monday, buoyed by supply worries after the world's second-biggest copper mine in Indonesia said it could not deliver promised shipments due to export permit issues. That came as a strike at the world's top mine,...

  • Feb 17- U.S. shale producers are facing their first production cost increase in five years in 2017 as industry activity picks up and energy service providers hike fees to take a bigger share of the profits generated by higher oil prices. Drilling innovations over the past decade have generated a dizzying reduction in the cost of pumping oil from shale...

  • JAKARTA, Feb 20- Freeport-McMoRan Inc's Indonesian unit said on Monday it hoped to resolve a dispute with the government over its mining contract, but reserved the right to start arbitration against the government and seek damages. Freeport has submitted a notification to Indonesia's mining ministry describing breaches and violations of its contract of...

  • A copper factory in Nantong, China.

    Supply concerns and market expectations of growing demand from China are pushing Doctor Copper back on the market.

  • JAKARTA, Feb 20- Freeport-McMoRan Inc's Indonesian unit has submitted a notification to Indonesia's mining ministry describing breaches and violations of its contract of work by the government, the company said on Monday. Freeport said it hopes to resolve the dispute with the government, but it also reserved the right to start arbitration against the...

  • *Officials at Chile mine put conditions on meeting with union. MELBOURNE, Feb 20- London copper edged up on Monday to stay near the key level of $6,000 per tonne, buoyed by supply worries after the world's second-biggest copper mine in Indonesia said it could not deliver promised shipments due to export permit issues. That came as a strike at the world's top mine,...

  • BEIJING, Feb 20- China's top coal producers will meet on Tuesday to discuss plans for stabilising output this year, the official Shanghai Securities News reported. Coke and coking coal futures rose on Monday after Beijing suspended imports of North Korean coal as part of its efforts to implement United Nations sanctions against the country.

  • BEIJING, Feb 20- China's top coal producers will meet on Tuesday to discuss plans for stabilizing output this year, the official Shanghai Securities News reported. Coke and coking coal futures rose on Monday after Beijing suspended imports of North Korean coal as part of its efforts to implement United Nations sanctions against the country.

  • MELBOURNE, Feb 20- London copper rose on Monday, returning to the $6,000 per tonne mark, as near-term supply disruptions intensified after the world's second-biggest mine said it could not fulfill its promised shipments due to export permit issues. *Three-month copper on the London Metal Exchange rose by 0.7 percent to $6,000 a tonne by 0210 GMT, paring losses...

  • BEIJING, Feb 20- China's steel, coke and coking coal futures rose on Monday after Beijing suspended imports of North Korean coal as part of its efforts to implement United Nations sanctions against the country. "Rebar jumped on anticipation that the ban on North Korean anthracite could lead to higher costs for steel mills that will struggle to find cheaper...

  • JAKARTA, Feb 18- Chappy Hakim, chief executive of miner Freeport-McMoran Inc's Indonesian unit, has resigned, the company said on Saturday, after the parent firm declared force majeure on copper concentrate shipments from its Grasberg mine in Papua. Freeport was the second big copper producer in a week to declare force majeure, after BHP Billiton did so on Feb. 10...

  • JAKARTA, Feb 18- Chappy Hakim, the chief executive of miner Freeport-McMoran Inc's Indonesian unit, has resigned, the company said on Saturday, after the parent firm declared force majeure on copper concentrate shipments from its Grasberg mine in Papua. Freeport was the second big copper producer in a week to declare force majeure, after BHP Billiton did so on Feb....

  • JAKARTA, Feb 18- Chappy Hakim, the chief executive of Freeport-McMoran Inc's Indonesian unit, has resigned, the firm said in a statement on Saturday, after its parent company declared force majeure on copper concentrate shipments from its giant Grasberg mine in Papua. Hakim, a former air force chief, had only been in the job for a few months. He was appointed to use his...

  • SANTIAGO, Feb 17- Anglo American PLC will temporarily suspend operations at its El Soldado copper mine in Chile after failing to receive regulatory approval for a redesign that would have helped keep output flowing, the company said on Friday. The mine's output- it produced around 36,000 tonnes of copper in 2015- is small by the standards of Chile, the world's top...

  • TORONTO/ VANCOUVER, Feb 17- After five years of painful belt-tightening, the world's biggest gold miners are starting to cautiously loosen their purse strings and spend more money to find new deposits and build mines. "They have excess cash flow to spend that's not going to be solely dedicated to interest expense and paying down debt, and so they're using that on...

  • BRASILIA, Feb 17- Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais SA on Friday reported a fourth-quarter net loss of 195 million reais, but said a return to operating profit showed the company's results were improving after a series of heavy losses. Brazil's worst recession on record has slowed construction and automobile sales, causing a slump in...

  • *Copper market focus moves to China's manufacturing data. *Freeport-McMoRan calls force majeure at Indonesia's Grasberg. LONDON, Feb 17- The price of copper slid on Friday as a failure to sustain levels above $6,000 a tonne triggered profit-taking, although a prospect of strong demand from top consumer China and supply disruptions are expected to support...