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Metals and Mining Precious Metals and Mining

  • SAN SALVADOR, March 29- El Salvador's Congress on Wednesday approved a law prohibiting all metal mining projects in a bid to protect the poor Central American country's environment and natural resources. In October, El Salvador won an arbitration at the World Bank's International Centre for Settlement of Investment Disputes against the...

  • Commodities tomorrow:

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

  • VANCOUVER, March 28- More partnership deals are likely in the gold industry as miners start investing in new projects again but are keen to lower the risk, analysts said after Goldcorp Inc and Barrick Gold Corp's announced a 50-50 joint venture in Chile. As part of a complex series of transactions costing Goldcorp about $445 million up front, the Vancouver- based...

  • VANCOUVER, March 28- Goldcorp Inc will team up with larger peer Barrick Gold Corp to work on developing gold mines in northern Chile, it said on Tuesday, as the industry starts to invest in new projects again. As part of a complex series of transactions costing Goldcorp about $445 million upfront, the Vancouver- based company has agreed to buy fellow Canadian miner...

  • VANCOUVER, March 28- Barrick Gold Corp and Goldcorp Inc, the world's No. 1 and No. 3 gold miners by value, have agreed to team up to potentially develop gold projects in northern Chile, Goldcorp said on Tuesday, as the industry starts to put money into growth again. In a complex series of transactions costing Goldcorp around $445 million upfront in cash and shares, the...

  • TORONTO, March 27- Canada's main stock index advanced on Monday, helped by strength in gold-mining shares amid heightened demand for safe-haven assets like precious metals. The Toronto Stock Exchange's S&P/TSX composite index closed up 63.55 points, or 0.41 percent, at 15,506.22. The TSX had ended last week with two straight days of gains after Canada's...

  • TORONTO, March 27- Canada's main stock index advanced on Monday as strength in gold-mining shares amid heightened demand for safe-haven assets like precious metals helped offset a slight decline in the energy sector. The Toronto Stock Exchange's S&P/TSX composite index closed up 63.55 points, or 0.41 percent, at 15,506.22. Eight of the index's 10 main groups...

  • AngloGold has been exploring at the site in central Colombia for more than a decade. "We regret that because of a badly laid-out debate about mining in Colombia, the country and the region are now at risk of not receiving the benefits of well-done and responsible mining," AngloGold said in a statement on its website. AngloGold has invested some $900 million in...

  • AngloGold has been exploring at the site in central Colombia for more than a decade. "We regret that because of a badly laid-out debate about mining in Colombia, the country and the region are now at risk of not receiving the benefits of well-done and responsible mining," AngloGold said in a statement on its website. AngloGold has invested some $900 million in...

  • TORONTO, March 27- Canada's main stock index seesawed on Monday as lower oil prices weighed on the energy sector, offsetting gains for gold shares amid heightened demand for safe-haven assets like precious metals. Manulife Financial Corp dropped nearly 2 percent to C $22.94, and Toronto-Dominion Bank declined 0.6 percent to C $64.81. At 10:40 a.m. ET, the...

  • CARACAS, March 27- A U.S. court has upheld an award by a World Bank Tribunal that orders Venezuela to pay more than $1 billion to Canadian mining company Crystallex, paving the way for the firm to seize assets for the 2008 expropriation of the Las Cristinas gold project. The tribunal known as the International Centre for Settlement of Investment Disputes last year...

  • TORONTO, March 24- Acacia Mining is losing more than $1 million in revenue each day at two mines in Tanzania because of the country's ban on exports of gold and copper concentrates, the London- listed company said on Friday. Acacia, the largest miner in Tanzania, said talks with government officials have failed to result in the ban being lifted.

  • *Spot gold was down 0.1 percent at $1,243.60 per ounce by 0058 GMT. On Thursday, it touched its strongest since Feb. 28 at $1,253.12. *Palladium climbed to a peak of $808.70 in the prior session, its highest since March 2015.

  • Commodities tomorrow:

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

  • NEW YORK/ LONDON, March 23- Gold slipped on Thursday as the dollar firmed, while palladium extended gains to hit a two-year high on economic data and demand from the automobile sector. $1,253.12, its highest since Feb. 28. "The dollar has been a little bit stronger today, interest rates climbed up a touch and the stock market finally gave a positive performance prior to...

  • TORONTO, March 23- Canada's main stock index rose on Thursday as gains for heavyweight financial sector shares offset losses for gold mining stocks, while investors awaited a vote on a U.S. healthcare legislation replacement later in the day. Gains for the Toronto Stock Exchange's S&P/TSX composite index came one day after Canada's Liberal government...

  • LONDON, March 23- Gold edged lower on Thursday, weighed down by a firmer dollar, while palladium hit its highest price in two years, helped by economic data. at 1517 GMT, retreating from an intraday peak of $1,253.12, its highest since Feb. 28. Later in the year I expect prices to move higher, but for the moment $1,250 is the top end of the range, "said ABN Amro commodities...

  • LONDON, March 23- Gold was barely changed on Thursday, weighed down by a firmer dollar, while palladium hit its highest price in 22 months, helped by economic data. Spot gold was flat at $1,248.91 an ounce at 1339 GMT,. Later in the year I expect prices to move higher, but for the moment $1,250 is the top end of the range, "said ABN Amro commodities strategist Georgette Boele...

  • *Anglo American seeking to maximise diamond revenues. Analysts said the joint venture no longer fitted LVMH's strategy, while Anglo American, which has long dominated global rough diamond sales, has been developing its presence on the high-margin diamond retail market. Anglo American, which along with other mining companies has largely recovered from a deep...

  • LIMA, March 22- A railway used by copper, zinc and silver mines to transport concentrates from Peru's central Andes to port is likely be out of action for at least two to three weeks following deadly floods and mudslides, a minister said on Wednesday. Even after the railway resumes operations, exports from the port of Callao near Lima could be delayed by two to three...