×

Materials and Metals Metals and Mining

  • The increases come amid signs the siege mentality that permeated all parts of Canada's energy industry is lifting after more than two and a half years of slumping prices. "In western Canada outside of oil sands we expect to see activity increase year over year," said FirstEnergy Capital analyst Mike Dunn. The oil sands produce 2.4 million barrels per day, 65...

  • LONDON, Dec 7- Tata Steel UK offered British unions a deal guaranteeing jobs and investment on Wednesday in return for pension cuts, moving the company closer to merging its European assets with Germany's Thyssenkrupp. Britain's largest steelmaker offered to guarantee production at the country's largest steel plant in Port Talbot, Wales, for five years, and to...

  • SANTIAGO, Dec 7- Mining companies in Chile, by far the world's largest copper producer, are examining their energy contracts to see if they can renegotiate terms to incorporate now-cheaper renewable power, company sources say. The moves could also imply major cost savings for Chile's copper industry, which spends around 20 percent of overhead on energy,...

  • LONDON, Dec 7- Tata Steel UK on Wednesday offered British unions a deal guaranteeing jobs and investment in return for cutbacks to pensions, moving the company a step closer to merging its European assets with Germany's Thyssenkrupp. It also offered to invest 1 billion pounds in its UK business over the next 10 years. In return however, Tata, which employs some...

  • TORONTO, Dec 7- Canada's main stock index rose on Wednesday as higher gold prices supported mining shares, offsetting losses for the energy group as oil lost ground. The Toronto Stock Exchange's S&P/TSX composite index was up 18.87 points, or 0.12 percent, at 15,144.67, shortly after the open. Seven of the index's 10 main groups were higher.

  • Dec 6- Latin America will play an increasingly important role in Barrick Gold's growth strategy, the world's biggest gold miner said on Tuesday as it named a new director with decades of mining experience in that region. Marcet's deep operational and geopolitical experience in Latin America will be a vital asset as the company evaluates new investments in the...

  • HOUSTON, Dec 6- As oil prices recover and U.S. shale production picks up, energy companies that had planned to ship crude on the Dakota Access Pipeline will turn to rail, a transport method that poses its own risks to the environment and local communities. Sunday's decision by U.S. Army Corps of Engineers to deny Energy Transfer Partners an easement to complete the...

  • HOUSTON, Dec 6- As oil prices recover and U.S. shale production picks up, energy companies that had planned to ship crude on the Dakota Access Pipeline will turn to rail, a transport method that poses its own risks to the environment and local communities. Sunday's decision by U.S. Army Corps of Engineers to deny Energy Transfer Partners an easement to complete the...

  • LONDON, Dec 6- Copper fell on Tuesday as investors cashed in after the previous session's rally, on concerns that the surge in base metals prices over the last month had left markets overstretched. Three-month copper on the London Metal Exchange was down 0.7 percent at $5,908.50 by 1545 GMT. The metal rose 23 percent last month to reach its highest since June 2015...

  • RIO DE JANEIRO/ BRASILIA Dec 6- Brazilian iron ore miner Samarco Mineracao expects to receive a preliminary environmental license in the first quarter, an important step in its effort to resume operations by mid-2017, Chief Executive Officer Roberto Carvalho said in an interview on Tuesday. Samarco's operations were suspended in November 2015 after the...

  • LONDON, Dec 6- Copper and zinc fell on Tuesday as investors cashed in gains after the previous session's sharp rally, on concerns that the surge in base metals prices over the last month had left markets overstretched. Three-month copper on the London Metal Exchange was down 1.3 percent at $5,871 a tonne at 1055 GMT, while zinc was 0.6 percent lower at $2,748.50 a...

  • BOGOTA, Dec 5- Colombia's principal coal railway Fenoco and two unions representing its workers have extended salary negotiations until Dec. 13 after a first round of talks came to an end without an agreement, the company and unions said on Monday. If a deal is not reached by Dec. 13, workers would meet to decide whether to move toward a strike or continue discussions,...

  • Newmont Mining CEO: Gold's going to be good medium, long term

    Gary Goldberg, Newmont Mining president and CEO, discusses the mining business and gold prices post-election.

  • *Companies say Burkina Faso blocked development of manganese mine. DAKAR, Dec 5- Three companies belonging to Romanian-Australian businessman Frank Timis's Pan African Minerals Group are seeking $385 million from Burkina Faso via mediation, accusing it of blocking development of one of the world's biggest manganese mines. According to an arbitration...

  • LONDON, Dec 5- Britain's top share index climbed on Monday, after falling in the previous two sessions, with basic resources stocks leading the market higher as prices of industrial metals such as copper rose. European share indexes largely shrugged off Italian Prime Minister Matteo Renzi's resignation after he lost a referendum on constitutional reform on...

  • LONDON, Dec 5- Britain's top share index climbed on Monday, after falling in the previous two sessions, with basic resources stocks leading the market higher on the back of rising prices of industrial metals such as copper. The broader UK market showed little reaction to Italian Prime Minister Matteo Renzi's resignation announcement after he suffered a...

  • MELBOURNE, Dec 5- Shanghai nickel exended gains in early Asian trade on Monday after the Philippines said it would close more mines on environmental grounds, potentially curbing supplies of nickel ore, wile copper prices fell. *Three-month copper on the London Metal Exchange dipped 0.4 percent to $5,737 a tonne by 0102 GMT, after edging down 0.5 percent in the...

  • Argentina's President Mauricio Macri waves after being sworn-in as president at Casa Rosada Presidential Palace in Buenos Aires, Argentina, December 10, 2015.

    Argentina is emerging from an econ slump and shaking off the effects of a debt default that earned it a rep as an investment pariah.

  • For Apple and others, tin supply chain has ties to rebel-held Myanmar mine.

  • How a rebel Myanmar tin mine may up-end a global supply chain.