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Metals and Mining Precious Metals and Mining

  • PARAMARIBO, Suriname— A gold mine in Suriname that is majority-owned by a Canadian company says four people were injured when independent miners tried to occupy a portion of its concession in the South American company. The Rosebel Gold Mine says about 100 independent miners occupied an area known as the Roma Pit for about four hours until they were dispersed...

  • Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • MILAN, June 21- Italian tax police seized documents from the offices of five lenders on Wednesday in an investigation over alleged fraud in relation to the distribution of diamonds to bank customers, three sources with knowledge of the case said. The police took documents and computer files from Intesa Sanpaolo, UniCredit, Monte dei Paschi di Siena, Banco BPM and...

  • Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • *Falling car sales in China, U.S. to undermine palladium. NEW YORK/ LONDON, June 19- Gold fell to a near five-week low on Monday as the dollar rose after hawkish comments from a top Fed official, but uncertainty created by the start of talks on the terms of Britain's departure from the European Union prevented deeper losses. moving average to $1,244.27, its lowest since...

  • *falling car sales in China, U.S. to undermine palladium. LONDON, June 19- Gold hit four-week lows on Monday as the dollar held firm and the market waited for comments from a top Federal Reserve official on U.S. monetary policy, but prices were supported by the start of talks on the terms of Britain's departure from the European Union. "The dollar is a large part of what's...

  • Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • SANTIAGO, June 15- Chilean authorities began a fresh drill on Thursday to try to locate two miners who went missing a week ago when the mine in which they were working was flooded. A landslide on Friday at a section of the Delia mine, part of Canadian-listed Mandalay Resources' Cerro Bayo gold and silver complex in Chile's southern Aysen region, sparked the flooding...

  • BUENOS AIRES, June 15 (Reuters)- A judge told a radio station in the Argentine province of San Juan that he had lifted a suspension on leaching operations at Barrick Gold Corp's Veladero mine on Thursday. It also lowered its forecast for total 2017 gold production in the first quarter, largely reflecting the sale of a 50- percent stake in Veladero to Shandong Gold...

  • WALVIS BAY, Namibia— Namibia and the De Beers company on Thursday inaugurated what the diamond producer calls the world's largest diamond exploration vessel. The new vessel allows a joint venture between Namibia and De Beers to explore diamond deposits with greater speed and accuracy up to 140 meters below the sea's surface. Namibia gets more than 80 cents of...

  • *Barrick, Tanzania teams set up to resolve export ban. Tanzania is Africa's fourth-largest gold producer, and Acacia its largest miner, with three gold mines that also produce copper in the East African country. Acacia's market value has nearly halved to about $1.4 billion since Tanzania banned the export of unprocessed ore in March, part of a push for the...

  • Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • TORONTO, June 14- Freeport-McMoRan Inc, the world's biggest publicly traded copper miner, and China Molybdenum Co Ltd have agreed to terminate discussions on CMOC's acquisition of Freeport's cobalt assets, Freeport said on Wednesday. China Moly had an exclusive right to negotiate for the assets, which includes the Kokkola Cobalt Refinery in Finland and the...

  • *Barrick, Tanzania teams set up to resolve export ban. DAR ES SALAAM/ NAIROBI, June 14- Barrick Gold Corp subsidiary Acacia Mining PLC and Tanzania agreed on Wednesday to hold talks aimed at resolving an escalating dispute over an export ban, after a meeting between Barrick's chairman and the country's president. Acacia's valuation has nearly been halved, to some...

  • *Acacia, Tanzania teams set up to resolve export ban. Acacia's market value has nearly halved to about $1.4 billion since Tanzania banned the export of unprocessed ore in March, part of a push for the construction of a local smelter to make the country's gold exports more valuable. "The company is ready to hold talks with the government of Tanzania over the payment...

  • June 14- China's Fosun International Ltd joined the race for Fabergé owner Gemfields Plc with an approach that valued the London- listed company at 225 million pounds. Gemfields, which mines for emeralds and amethysts in Zambia and for crimson and pinkish-red colored ruby and corundum in Mozambique has already received a buyout offer from leading...

  • BUENOS AIRES, June 13- Argentina's national government and the governors of 20 provinces signed a mining deal on Tuesday to harmonize taxes and regulations in hopes of attracting investment, but the action was criticized by industry sources and environmentalists alike. The agreement, which needs approval from Congress and the 20 provincial legislatures,...

  • SANTIAGO, June 12- Two miners are missing after a small silver and gold mine owned by Mandalay Resources was flooded, the government said on Monday, adding that authorities are working with technical experts to see if the men have survived and can be rescued. The workers were trapped after section two of the Delia mine, part of Mandalay's Cerro Bayo complex in...

  • TORONTO _ Dominion Diamond Corp. on Monday reported a loss of $7.9 million in its fiscal first quarter. Dominion Diamond expects full-year revenue in the range of $875 million to $975 million. Dominion Diamond shares have climbed 35 percent since the beginning of the year.