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Metals and Mining Precious Metals and Mining

  • TORONTO, July 24- Canada's main stock index fell on Monday, as gold miners broadly weighed and Barrick Gold Corp lost nearly 5 percent after a company it majority owns, Acacia Mining, was hit with a bill for $190 billion in unpaid taxes in Tanzania. "One of the reasons we don't invest in gold stocks is because the commodity can do well or poorly, but the companies...

  • TORONTO, July 24- Canada's main stock index ended lower on Monday, with Barrick Gold Corp falling nearly 5 percent after a company it majority owns, Acacia Mining, was hit by a bill for $190 billion in unpaid taxes in Tanzania.

  • Commodities tomorrow:

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

  • JOHANNESBURG, July 24- Tanzania has issued a notice demanding $190 billion in unpaid taxes, penalties and interest from Acacia Mining, the gold mining company said on Monday, adding it did not believe it owed the money. Tanzania introduced an export ban on concentrates for gold and copper ore in March. Tanzania and Barrick have agreed to start negotiations over...

  • 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...