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Metals and Mining Precious Metals and Mining

  • DAR ES SALAAM, July 21- Tanzania's President John Magufuli has threatened to shut all gold mines in the country if mining companies delay talks to resolve a dispute over billions of dollars in back taxes the government says they owe. Magufuli has sent shock-waves through the mining community in Africa's fourth-largest gold producer since his election late in...

  • TORONTO, July 21- Canada's main stock index fell on Friday as weakness in oil prices weighed on energy-sector shares, offsetting a gain in gold miners. Oil prices dropped on Friday after a report from consultancy Petro-Logistics predicted higher OPEC production for July, renewing fears of oversupply in the market. Canadian Natural Resources Ltd shed 2.4...

  • DAR ES SALAAM, July 21- Tanzania's President John Magufuli has threatened to close down all gold mines in the country if mining companies delay talks with his government aimed at resolving allegations of tax evasion. Magufuli has sent shock-waves through the mining community in Africa's fourth-largest gold producer since his election late in 2015 with a...

  • Commodities tomorrow:

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

  • *Gold may consolidate at $1,236- $1,244 for 1 day- technicals. BENGALURU, July 20- Gold prices inched lower on Thursday as investors awaited a meeting of the European Central Bank later in the day for clues on the outlook for its stimulus program, with a firmer dollar also weighing on the precious metal. Spot gold fell 0.2 percent to $1,237.86 per ounce at.

  • Commodities tomorrow:

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

  • SINGAPORE, July 19- China Minmetals Corp and China National Gold Group are unaware of any merger talks between the two companies, their listed units said on Wednesday, after a Reuters report on a possible deal caused a rally in their shares. "After checking with the company's owner China Minmetals Group, the group said it was not aware of a merger deal and had not been...

  • Commodities tomorrow:

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

  • BAKU, July 18- Azerbaijan's top gold producer Anglo Asian Mining said on Tuesday its first-half output fell 31.4 percent year-on-year to 23,218 ounces, but it was keeping its 2017 production target unchanged at 64,000 to 72,000 ounces. The London- listed firm said copper production at Azerbaijan's Gedabek main mine and the Gosha mine rose to 1,322 tonnes in the...

  • *Gold faces resistance at $1,247, 100- day moving average. LONDON, July 18- Gold prices hit a two-week high on Tuesday as the dollar fell on fading prospects of an imminent increase in U.S. interest rates and expectations of stronger demand from the physical market. "We see gold averaging around $1,300 over the third quarter," said ING commodities strategist Warren...

  • BENGALURU, July 18- Gold prices held steady on Tuesday near two-week highs hit in the previous session, as the dollar hovered near multi-month lows on fading prospects for further U.S. rate hikes this year. *Spot gold was up 0.1 percent at $1,234.48 per ounce at 0033 GMT, after hitting its highest since July 3 at $1,235.94 in the previous session.

  • FedEx Corp., down $3.58 to $215.48. Blue Apron Holdings Inc., down 77 cents to $6.59. The Sunday Times reported that Amazon is getting ready to launch a meal-prep business that would compete with Blue Apron.

  • Commodities tomorrow:

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

  • TORONTO, July 17- Canada's main stock index rose on Monday as mining shares tracked metal prices higher, while shares of energy companies gained as oil prices edged up. The most influential movers on the index included First Quantum Minerals Ltd, which rose 4.9 percent to C $13.19, and Lundin Mining Corp, which advanced 3.2 percent to C $8.15. Dominion Diamond Corp...

  • *Palladium seen averaging $811/ oz in 2017. *Palladium seen at $849, platinum at $1,050 in 2018. A poll of 26 analysts and traders conducted by Reuters this month returned an average palladium price forecast of $811 an ounce for this year, 5 percent above an average view of $770 returned by a similar poll conducted in early April.

  • LONDON, July 17- Platinum miner Lonmin cut more costs and improved its mining performance in its third quarter, it said on Monday, but falling metal prices continued to weigh. Shares in the South Africa- focused company were up 7 percent in London by 0920 GMT, outpacing the wider sector. Net cash improved to $86 million from $75 million at the end of the previous...

  • *Gold trades above 200- day moving average. *Platinum rises to highest in 2 weeks. BENGALURU, July 17- Gold prices edged up on Monday as the U.S. dollar fell to multi-month lows after the prospect for further interest rate hikes in the United States this year dimmed following softer U.S. economic data last week.

  • NEW YORK— U.S. stocks hardly budged Monday as smaller firms and retailers rose while health care companies and banks declined. Chemical and mining companies rose as the dollar weakened. "The fundamental picture for investors seems to be sort of strangely perfect, with improving fundamentals and a central bank with its foot that was only weakly on the gas coming...

  • TORONTO, July 14- Canada's main stock index rose on Friday as gold stocks, burnished by stronger gold prices, and energy firms, helped lead the market. Barrick Gold was the most influential mover on the index, rising 1.9 percent to C $20.36. Late on Thursday, a union representing workers at the Zaldivar copper mine in Chile, owned by Barick and Antofagasta Plc, said...

  • LONDON, July 14- Intercontinental Exchange has been provisionally selected as the new operator of the London Bullion Market Association silver benchmark, three precious metals market sources said. A formal decision on the LBMA Silver Price has yet to be made, but is expected within days once final conditions have been settled. The LBMA said in March that the...