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Metals and Mining Precious Metals and Mining

  • *Spot gold was up 0.1 percent at $1,231.06 per ounce at 0057 GMT. The White House said the allegations, first reported by the Washington Post, were not true. *North Korea said on Monday it had successfully conducted a mid- to-long-range missile test and would continue such launches "any time, any place", defying UN Security Council resolutions and warnings from the...

  • NEW YORK, May 15- Paulson& Co held its stake steady in the world's biggest gold exchange-traded fund while Soros Fund Management stayed out of the precious metal in the first quarter of 2017, when bullion prices rallied to 3-1/ 2- month highs, a filing showed on Monday. New York- based Paulson& Co, led by longtime gold bull John Paulson, kept its stake unchanged in SPDR...

  • NEW YORK, May 15- Paulson& Co held its stake steady in the world's biggest gold exchange-traded fund while Soros Fund Management stayed out of the precious metal in the first quarter of 2017, when bullion prices rallied to 3-1/ 2- month highs, a filing showed on Monday. New York- based Paulson& Co, led by longtime gold bull John Paulson, kept its stake unchanged in SPDR...

  • LONDON, May 15- With London mayor Sadiq Khan and his Parisian counterpart Anne Hidalgo cracking down on vehicle emissions this spring in the global push for clean air, it should be a boom time for platinum which is used in catalytic converters. London and Paris are part of the C40 Cities initiative, which links cities working to improve air quality.

  • LONDON, May 15- A drop in production and higher costs forced South Africa- focused platinum producer Lonmin to make deeper cuts and shift its headquarters on Monday as a first-half operating loss of $181 million knocked its shares. Lonmin took a write-down of $146 million due to the stronger rand against the dollar as miners in South Africa pay costs in the local...

  • The Pebble Limited Partnership mining company will terminate two lawsuits it had filed against the EPA under the previous administration of Democratic president Barack Obama, which had sought to block it. In February 2014, the EPA took the unusual action of blocking a mine before the owner applied for a development permit. Ronald Thiessen, chief executive...

  • The Pebble Limited Partnership mining company had filed a lawsuit against the EPA under the previous administration of Democratic president Barack Obama, which had sought to block it. In February 2014, the EPA took the unusual action of blocking a mine before the project owner applied for a development permit. Ronald Thiessen, chief executive officer and...

  • The Pebble Limited Partnership mining company had filed a lawsuit against the EPA under the previous administration of Democratic president Barack Obama, which had sought to block it. Opponents of the mine include environmental groups as well as many native residents who rely on the fish from the Bristol Bay watershed, which EPA has said supports the world's...

  • Jailed CEO maintains innocence, says explosion caused by natural gas

    Don Blanenship, former Massey Energy CEO, talks about appealing his conviction of "conspiring to violate federal safety laws" at a West Virginia mine where 29 workers died in a 2010 explosion.

  • *Dirt-poor Guinea afflicted by the "resource curse". BOKE, Guinea, May 12- When the frustration of youths in this Guinean mining town finally erupted, they looted shops, pillaged government buildings and smashed up dozens of vehicles, dispersing only when police opened fire. They were the latest symptom of the "resource curse," the paradox that nations with plentiful...

  • May 12- Gold prices held firm on Friday on political uncertainty in the United States, but were set for their fourth straight weekly loss due to expectations of an interest rate hike by the U.S. *President Donald Trump on Thursday ran into resistance for calling ousted FBI chief James Comey a "showboat." *Finance chiefs from the G7 begin a two-day meeting in Italy on...

  • Commodities tomorrow:

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

  • CAIRO, May 11- Egypt will announce the results of its gold mining exploration tender next week, Minister of Petroleum Tarek El Molla said on Thursday. Egypt, which is hoping that gold production can be a future source of growth for its struggling economy, began accepting bids in January for five concessions in its first tender for new gold exploration since 2009.

  • Commodities tomorrow:

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

  • *CME, Thomson Reuters stepping down from fix. James Proudlock, managing director and head of market development for the exchange and its clearing business, said the exchange would take part in the process after a request for proposals was recently issued to find a replacement for CME Group and Thomson Reuters. The 140- year-old exchange took part in the bidding...

  • BEIJING, May 10- The London Metal Exchange will submit a proposal to take over the London silver fix, a senior executive said on Wednesday, the first company to publicly express interest in replacing the current operators of the price benchmark. James Proudlock, managing director and head of market development for the exchange and its clearing business, said the...

  • SAN JUAN, Argentina, May 8- Barrick Gold Corp failed to complete improvements to the Veladero mine in Argentina that could have prevented the third spill of cyanide solution in 18 months, leading to eventual sanctions for the world's biggest gold miner, a judge told Reuters. "If they had changed pipes as ordered, the decoupling would not have occurred," Oritja told...

  • EXCLUSIVE- BARRICK GOLD FAILED TO COMPLETE ORDERS AT VELADERO MINE BEFORE THIRD CYANIDE SPILL IN ARGENTINA- JUDGE.

  • JOHANNESBURG, May 8- Africa's biggest gold miner AngloGold Ashanti reported a 16 percent drop in first-quarter profit on Monday following a decline in South African production, sending its shares down nearly 5 percent. AngloGold said adjusted earnings before interest, tax, depreciation and amortization came in at $314 million in the first three months of...

  • JOHANNESBURG, May 8- Africa's biggest gold miner AngloGold Ashanti reported a 16 percent drop in quarterly core profit on Monday hit by a weak showing at its South African operations. "South Africa had a difficult production quarter, as an added focus on a safe start-up contributed to an unusually slow ramp-up after the year-end break," AngloGold said in a...