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Metals and Mining Precious Metals and Mining

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  • Africa's Deadwood: The gold rush is on in Uganda Wednesday, 2 Sep 2015 | 5:51 AM ET

    MUBENDE, Uganda— The hunt for gold takes the men 100 meters underground, past contraptions of wood and rope rigged to function like pulleys, past hard rock that they attack day and night with demolition hammers. When they emerge at the end of a shift, the miners carry stone samples that will be examined for the dark veins that suggest presence of gold.

  • Commodities tomorrow: Crude down 8% Tuesday, 1 Sep 2015 | 3:38 PM ET
    Commodities tomorrow: Crude down 8%

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

  • HARARE, Aug 31- Zimbabwe's biggest platinum producer Zimplats reported a record $74 million loss for the full year on Monday after being hit by a hefty one-off tax repayment and falling global sales of the metal. Zimplats, which is 87 percent owned by Impala Platinum Holdings, the world's second-largest platinum producer, said it had to pay an additional $55.3...

  • PRETORIA, Aug 31- South Africa's mining industry, unions and the government signed a broad plan on Monday to stem a wave of job losses triggered by falling commodity prices and soaring costs. Mines Minister Ngoako Ramatlhodi said the government planned to negotiate this issue with South Africa's central bank and the New Development Bank which has been...

  • MANILA, Aug 31- Gold edged lower on Monday, stretching last week's losses on concern that the Federal Reserve is on course to raise interest rates this year despite recent market turmoil. *Spot gold was down 0.2 percent at $1,131.30 an ounce by 0107 GMT, after dropping more than 2 percent last week in its steepest decline in five weeks. *But hedge funds and money...

  • *Gold down 2.3 pct for the week. *Palladium posts largest two-day gain since 2008. NEW YORK/ LONDON, Aug 28- Gold rose on Friday as technical indicators and suggestions the U.S. central bank may delay a rate rise provided support, but the metal was still on track to post its biggest weekly drop in five weeks amid dollar strength and strong U.S. economic data.

  • JOHANNESBURG, Aug 27- South Africa- focused platinum producer Lonmin Plc said on Thursday it expected full-year underlying cash costs to stay below its guidance, indicating that its deep cost-cutting measures were beginning to bear fruit. Lonmin said its unaudited cash costs were at 10,499 rand per PGM ounce at the end of July on a year-to-date basis and are...

  • Commodities tomorrow: Oil pops 10% Thursday, 27 Aug 2015 | 4:00 PM ET
    Commodities tomorrow: Oil pops 10%

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

  • TORONTO, Aug 27- Freeport-McMoran Inc said on Thursday it will slash its mining capital budget by 25 percent next year and cut 10 percent of its U.S. mine staff, as the diversified miner and energy producer attempts to weather an ongoing slump in copper prices. This marks the latest in a string of cuts from the Arizona- based company, which earlier this month reduced...

  • TORONTO, Aug 27- Freeport-McMoran Inc said on Thursday it will slash its mining capital budget by 25 percent next year and cut 10 percent of its U.S. mining staff, as the diversified miner and energy producer attempts to weather an ongoing slump in copper prices. Shares of Freeport-McMoran, which will also suspend operations and lower production at some U.S. mines,...

  • BILLINGS, Mont.— Members of a federal cleanup crew were initially trapped and unable to warn downstream communities that they had accidentally unleashed toxic waste water from a Colorado gold mine, according to government documents released Thursday. During that time, a trickle of water started by excavation work at the site grew to a torrent and 3 million...

  • PRECIOUS-Gold steadies after worst day in 5 weeks Wednesday, 26 Aug 2015 | 8:58 PM ET

    MANILA, Aug 27- Gold steadied early on Thursday after suffering its biggest fall in five weeks the session before as Wall Street rallied, while comments from a top Federal Reserve official that a U.S. rate hike next month looks "less compelling" could support sentiment. *Spot gold was flat at $1,125.06 an ounce by 0034 GMT, after dropping 1.3 percent on Wednesday, its...

  • Commodities tomorrow: Crude slips under $39 Wednesday, 26 Aug 2015 | 4:00 PM ET
    Commodities tomorrow: Crude slips under $39

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

  • *Gold down for third straight session. LONDON, Aug 26- Gold slipped 2 percent on Wednesday as the dollar gained and shares recouped some of their earlier losses, while investors kept a close eye on China's efforts to support its economy. Gold's losses also hurt sentiment in the more industrial precious metals.

  • *Gold down for 3rd straight session. *Palladium not far off 5- year trough. LONDON, Aug 26- Gold slipped on Wednesday, tracking losses in other markets as concerns remained about China's economic slowdown even after it eased monetary policy.

  • BUCHAREST, Romania— Officials in Romania say 25 miners are protesting more than 200 meters down in a mine, complaining that authorities will not give them an operating license. Mine manager Gabriela Dobrota said a further 79 miners joined the protest on Wednesday, gathering outside the Baita Plai mine some 520 kilometers northwest of Bucharest.

  • JOHANNESBURG, Aug 26- South Africa's mining industry, unions and the government have committed to a broad plan to stem job losses, including boosting platinum by promoting the metal as a central bank reserve asset, according to a draft agreement seen by Reuters on Wednesday. Brazil, Russia, India, China and South Africa comprise the BRICS. The gravity of the...

  • Commodities tomorrow: Traders sell gas futures Tuesday, 25 Aug 2015 | 4:00 PM ET
    Commodities tomorrow: Traders sell gas futures

    CNBC's Bertha Coombs discusses the day's activity in the commodities markets.

  • *European, U.S. stocks rally after China cuts rates. NEW YORK/ LONDON, Aug 25- Gold fell more than 1 percent on Tuesday after an interest rate cut from China helped global markets rebound from the previous day's rout, with stocks rallying and the dollar also gaining, while palladium sank more than 7 percent to a five-year low. Palladium saw the steepest losses by far in...

  • The Silverton Board of Trustees and the San Juan County Commission approved a joint resolution Monday to seek the money. The U.S. Environmental Protection Agency had pushed for 25 years to grant Superfund status to the Gold King mine and other idled 19th century mines leaking heavy metals above Silverton. Local authorities spurned federal intervention,...