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  • China's RRR cut positive for Iron Ore

    Platts' Annalisa Jeffries explains that rising steel prices are driving the rally in iron ore.

  • BOGOTA, March 3- Union workers at Colombia's largest coal mine, Cerrejon, have voted in favor of a strike, the union said on Thursday, in a dispute with the company over wages and benefits. Cerrejon is a joint venture between Australia- based BHP Billiton Ltd, London- and Johannesburg- based Anglo American Plc and Swiss-based Glencore Xstrata. It has been producing...

  • *Australia's youngest billionaire Nathan Tinkler goes bust. SYDNEY, March 3- Rags-to-riches coal baron Nathan Tinkler, who rode the mining boom to become Australia's youngest billionaire before losing it all when coal prices collapsed, has been declared legally bankrupt after failing to pay off a private jet. The bankruptcy order comes 10 years after the 40-...

  • JOHANNESBURG, March 3- South African coal miner Exxaro Resources is considering buying assets from Anglo American, its chief executive said on Thursday. Headline earnings per share- the key measure of profit which strips off certain one-off items- reached 457 cents from 1,372 cents in the previous year, meeting expectations forecast by Thomson Reuters...

  • JOHANNESBURG, March 3- South African coal miner Exxaro Resources said on Thursday its full-year profit dropped by two-thirds due to a sharp fall in commodity prices. Headline earnings per share- a measure of profit which strips off certain one-off items- reached 457 cents from 1,372 cents in the previous year. Exxaro cut spending on a five-year program to 2020 by...

  • *Australia's youngest billionaire Nathan Tinkler goes bust. SYDNEY, March 3- Rags-to-riches coal mining baron Nathan Tinkler, who rode the mining boom to become Australia's youngest billionaire before losing it all when coal prices collapsed, has been declared legally bankrupt after failing to pay off a private jet. He toyed with the idea of going to...

  • MELBOURNE, March 3- London copper hit its highest since mid-November on Thursday as risk appetite stayed strong, fueled by a revival in sharemarkets and commodity prices that fueled hopes a global recovery was getting on track. *Shanghai Futures Exchange copper rose by 1.7 percent to 37,030 yuan a tonne. *Growth in China's services activity slowed in February, a...

  • SYDNEY, March 3- Rags-to-riches coal mining baron Nathan Tinkler, who rode the mining boom to become Australia's youngest billionaire before losing it all when coal prices collapsed, has been declared legally bankrupt after failing to pay off a private jet. The bankruptcy order comes 10 years after the 40- year-old former mining electrician scraped together...

  • A general view where a dam burst in the village of Bento Rodrigues, in Mariana, the southeastern Brazilian state of Minas Gerais on November 6, 2015.

    Samarco has reached a deal with the Brazilian government that could cost it as much as $7.7 billion, the Financial Times reports.

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

  • BRASILIA/ RIO DE JANEIRO March 2- Mining company Samarco and its owners, BHP Billiton and Vale SA, reached a deal with the Brazilian government on Wednesday to pay an estimated 20 billion reais in damages over 15 years for a deadly dam spill in November. Considered Brazil's worst environmental disaster, the burst tailings dam in the state of Minas Gerais killed 19...

  • *China has pushed investment in restive far western area. Over 10 million tonnes of steel production capacity in Xinjiang- enough to produce about a tenth of annual U.S. output- has shut in an area where Beijing has encouraged investment in industries ranging from steel to textiles, in the hope of stimulating growth and curbing unrest by boosting jobs.

  • BRASILIA/ RIO DE JANEIRO March 2- Mining company Samarco and its owners, BHP Billiton and Vale SA, reached a deal with the Brazilian government on Wednesday to pay an estimated 20 billion reais in damages over 15 years for a deadly dam spill in November. Considered Brazil's worst environmental disaster, the burst tailings dam in the state of Minas Gerais killed 19...

  • BRASILIA, March 2- Mining company Samarco and its owners, BHP Billiton and Vale SA, reached a deal with the Brazilian government on Wednesday to pay an estimated 24 billion reais in damages for a deadly dam spill in November. Considered Brazil's worst environmental disaster, the spill killed 19 people, left hundreds homeless and polluted a major river.

  • BHP's Samarco to pay $5B in Brazil dam spill case

    Samarco Mineracao settles a lawsuit with the Brazilian government for damages caused by a deadly dam spill at a mine.

  • *Shanghai copper import premiums lowest in three months. *Zinc to consolidate as China well-stocked- StanChart. Announcements from China this week of a cut in bank reserve requirements and structural reforms that have helped real estate prices climb helped underpin sentiment.

  • World stock markets slumped at the start of 2016 on concern about a slowdown in China, the world's second-biggest economy and a leading consumer of oil and metals. But China announced this week it would cut bank reserve requirements and make other structural reforms. That helped real estate prices climb, and Chinese stocks advanced on Wednesday even though...

  • The euro zone's blue-chip Euro STOXX 50 index and Britain's FTSE 100 also climbed 0.6 percent. World stock markets slumped at the start of 2016 on concerns about a slowdown in China, the world's second-biggest economy and a leading consumer of metals and oils. But new economic stimulus measures from China lifted mining stocks on Wednesday as copper prices also...

  • *Platinum market shortfall seen at 135,000 oz in 2016. LONDON, March 2- The platinum market deficit is expected to shrink for a second year in 2016, the World Platinum Investment Council said on Wednesday, as a rebound in supply of recycled metal and falling investment outstrip rising jewelry and automotive demand. Selling of those stocks, which stood at more than...

  • LAUNCESTON, Australia, March 2-- One of the big questions surrounding China's embattled steel sector is whether it can continue to ramp up exports or will protectionism around the globe curb one of the few bright spots for mills in the world's largest producer. So far, India, the United States and Indonesia have imposed some increased duties on steel imports from...