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Materials and Metals Metals and Mining

  • *Philippines cancels permits for four mining projects. LONDON, Jan 18- Copper steadied on Wednesday after its biggest fall in a month in the previous session when U.S. Benchmark copper closed up 0.3 percent at $5,769 a tonne at the London Metal Exchange, after ending Tuesday down 1.9 percent, the biggest fall since Dec. 19.

  • *Philippines cancels permits for four mining projects. LONDON, Jan 18- Copper steadied on Wednesday after its biggest fall in a month in the previous session when U.S. Benchmark copper closed up 0.3 percent at $5,769 a tonne at the London Metal Exchange, after ending Tuesday down 1.9 percent, the biggest fall since Dec. 19.

  • LONDON, Jan 18- The London tin market remains a tight and crowded space. There is tin in China. China may just have quietly removed that barrier and if it has done, it would have major ramifications for global tin flows and the metal-starved London market.

  • TORONTO, Jan 18- Canada's main stock index fell on Wednesday as energy stocks weighed with a fall in oil prices and uranium producer Cameco Corp plunged on a negative outlook. Goldcorp Inc advanced 1.2 percent to C $20.01 and First Quantum Minerals Ltd rose 1.4 percent to C $17, with gold just off an eight-week high and copper steadying after a sharp fall in the...

  • TORONTO, Jan 18- Canada's main stock index slipped in early trade on Wednesday, weighed down by energy stocks as oil prices slid and by a slump in uranium miner Cameco Corp after it warned of a net loss and job cuts. The Toronto Stock Exchange's S&P/TSX composite index was down 42.55 points, or 0.28 percent, at 15,398.81 shortly after the open. Seven of its 10 main...

  • *Philippines cancels permits for four mining projects. LONDON, Jan 18- Copper steadied on Wednesday after its biggest fall in a month in the previous session when U.S. Benchmark copper traded down 0.1 percent at $5,749 a tonne in official rings at the London Metal Exchange, after ending Tuesday down 1.9, the biggest fall since Dec. 19.

  • *Philippines cancels permits for four mining projects. LONDON, Jan 18- Copper steadied on Wednesday after its biggest fall in a month in the previous session when U.S. Benchmark copper traded down 0.1 percent at $5,749 a tonne in official rings at the London Metal Exchange, after ending Tuesday down 1.9, the biggest fall since Dec. 19.

  • *Philippines cancels permits for four mining projects. LONDON, Jan 18- Copper steadied on Wednesday after its biggest fall in a month in the previous session when U.S. Benchmark copper on the London Metal Exchange was down 0.1 percent at $5,748.5 a tonne at 1127 GMT, after ending Tuesday down 1.9, the biggest fall since Dec. 19.

  • *Philippines has now revoked permits of four nickel projects. MANILA, Jan 18- The Philippines has canceled the environmental permits for four more mining projects, including one planned nickel venture, as the world's top nickel ore supplier deepens a months-long crackdown on the resources sector. The four revoked ECCs include one for Norwegian firm Intex...

  • SYDNEY, Jan 18- Buying on the back of a weaker dollar tipped London copper into positive territory in early Asian trading on Wednesday. The most-traded copper contract on the Shanghai Futures Exchange fell by 2 percent to 46,280 yuan a tonne. *India is seeking a dividend of up to $2.2 billion from partly state-owned Hindustan Zinc Ltd, three people with knowledge...

  • The Saskatoon, Canada- based company said it expects to report a net loss for 2016 citing asset impairments resulting from fair market assessments at the end of the year. Cameco said it plans to reduce workforce at the McArthur River, Key Lake and Cigar Lake operations by 10 percent. "The current earnings expectations do... reflect the consequences of a continued...

  • SANTIAGO, Jan 17- Striking workers at Yamana Gold Inc's El Peñón mine in Chile have reached a wage agreement with the Canadian miner, allowing for the mine to reopen on Wednesday, a union leader said on Tuesday. "We just ended the strike today after signing a contract for four years and we will start working again tomorrow morning," Eduardo Puelles, president of...

  • At an investor day event, the Vancouver- based miner focused on the exploration potential at its mine sites and projects in the Americas, a turnaround from recent years when most miners' attention was on reducing costs, not growth. Goldcorp late on Monday said it expected to increase gold output by a fifth over the next five years to about 3 million ounces, driven by...

  • NEW YORK, Jan 17- U.S. shale production is set to snap a three-month decline in February, the U.S. government said on Tuesday, as energy firms boost drilling activity with crude prices hovering near 18- month highs. In the Permian Basin in West Texas and eastern New Mexico, output is set to rise by 53,000 bpd to 2.180 million bpd, the data showed. U.S. crude futures were...

  • NEW YORK, Jan 17- U.S. shale oil production is expected to rise by 41,000 barrels per day in February to 4.748 million bpd as energy firms boost drilling with crude prices near 18- month highs, according to data from the U.S. Energy Information Administration on Tuesday. Permian output in West Texas and eastern New Mexico is set to rise by 53,000 bpd to 2.180 million...

  • TORONTO, Jan 17- Canada's main stock index rose on Tuesday as higher commodity prices supported the shares of energy and gold mining companies. The Toronto Stock Exchange's S&P/TSX composite index was up 19.01 points, or 0.12 percent, at 15,498.30, shortly after the open. Just four of the index's 10 main groups were higher.

  • LAUNCESTON, Australia, Jan 17- The new year has started with something familiar from the last- a bubble in Chinese iron ore and steel prices. The most-traded iron ore contract on the Dalian Commodity Exchange leapt by as much as 8 percent on Monday, in the process reaching a three-year high of 657.5 yuan a tonne. Full-year figures are not yet available, but China's...

  • LAUNCESTON, Australia, Jan 17- The new year has started with something familiar from the last- a bubble in Chinese iron ore and steel prices. The most-traded iron ore contract on the Dalian Commodity Exchange leapt by as much as 8 percent on Monday, in the process reaching a three-year high of 657.5 yuan a tonne. Full-year figures are not yet available, but China's...

  • Rio Tinto hits its iron ore guidance but...

    Rob Brierley at Patersons Securities talks about how the miner missed its copper targets and his expectations for iron ore prices.

  • Signage for Rio Tinto is displayed atop the company's offices in the central business district of Perth, Australia, on Friday, Oct. 28, 2016.

    Global miner Rio Tinto hit its mid-point target for iron ore shipments from Australia in 2016 and kept its guidance for this year intact.