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Metals and Mining Precious Metals and Mining

  • 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...

  • TORONTO, March 22- Canada's main stock index fell on Wednesday as weakness in oil prices weighed on the energy sector, offsetting modest strength in gold-mining shares. Suncor Energy Inc gave back 0.4 percent to C $40.38, and TransCanada Corp was down 0.3 percent at C $60.92. U.S. crude prices were down 1.2 percent to $47.67 a barrel, while Brent crude lost 1.3...

  • TORONTO, March 22- Canada's main stock index fell on Wednesday as a weakness in oil prices weighed on the heavily weighted energy sector, offsetting modest strength in gold-mining shares. At 9:41 a.m., the Toronto Stock Exchange's S&P/TSX composite index fell 45.28 points, or 0.3 percent, toto 15,267.85. Of the index's 10 main groups, eight were in negative...

  • March 21- Canadian mining financing company Silver Wheaton Corp is proposing changing its name to Wheaton Precious Metals Corp as half its revenue now comes from gold, it said on Tuesday. Since 2013, the Vancouver- based company has seen a marked increase in gold production, and in the second half of 2016 its revenue was evenly split between silver and gold, the...

  • Commodities tomorrow:

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

  • TORONTO, March 21- Canada's main stock index barely rose on Tuesday as some heavyweight banking stocks and miners notched gains and Ivanhoe Mines Ltd jumped after announcing a copper deposit discovery. The world's largest gold producer said a World Bank arbitration tribunal had ruled in favor of it and joint venture partner Antofagasta plc over a copper...

  • Wells Fargo& Co., down $1.04 to $57.63. Dominion Diamond Corp., up $2.28 to $12.20. Washington Cos. offered to buy the diamond mining company for $13.50 a share, or about $1.1 billion.

  • Commodities tomorrow:

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

  • TORONTO, March 20- Canada's benchmark stock index edged higher on Monday, helped by gold miners as bullion rose and a surge in acquisition target Dominion Diamond Corp, with gains muted by financial stock declines and energy companies weighed by lower oil prices. Dominion shares jumped 22.6 percent to C $16.19 after Washington Companies said on Sunday it had...

  • NEW YORK, March 19- The Washington Companies said on Sunday it had previously made a proposal to acquire all of the outstanding common stock of mining company Dominion Diamond Corp. for $13.50 a share. "We are disappointed that Dominion's board has thus far prevented Washington from moving ahead with its proposal under which shareholders would receive a...

  • ASR: Gold beginning to outshine copper

    David McBain, technical strategist at Absolute Strategy Research, takes a look at the recent moves seen in gold with the use of technical charts.

  • LONDON, March 16- Indian billionaire Anil Agarwal said he wants to buy a 2 billion pound stake in Anglo American, a major vote of confidence in the global miner's recovery. Last year, Anglo American's shares gained nearly 300 percent, making it the best performer on the London FTSE as the mining industry recovered from a slump in commodity prices in 2015 and early...