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Metals and Mining Precious Metals and Mining

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  • BHP Billiton CEO a China bull as profit tumbles 86% Tuesday, 25 Aug 2015 | 10:29 AM ET

    Mining giant BHP Billiton posted an 86 percent fall in its full year profit in the face of a painful commodity price rout.

  • Navajo farmers reject use of water after mine spill Tuesday, 25 Aug 2015 | 8:47 AM ET

    FLAGSTAFF, Ariz.— One of the largest communities of Navajo farmers along the San Juan River has voted to keep irrigation canals closed for at least a year following a spill of toxic sludge at a Colorado gold mine. The unanimous vote by more than 100 farmers in Shiprock, New Mexico, was heart-wrenching and guarantees the loss of many crops, Shiprock Chapter President...

  • *Palladium down more than 7 pct to lowest since 2010. LONDON, Aug 25- Gold fell on Tuesday as global markets found some respite after the previous day's rout, with European stocks rising more than 3 percent and the dollar rebounding from a seven-month low versus the euro and the yen. Gold had edged lower on Monday, with some traders citing liquidation to cover losses...

  • *Palladium tumbles over 7 pct to lowest since 2010. MANILA, Aug 25- Gold fell on Tuesday as Asian shares bounced off three-year lows and the U.S. dollar rebounded from a brutal selloff in the prior session that was fuelled by fears over the fate of the Chinese economy. Palladium was the worst hit among precious metals, slumping more than 7 percent at one stage to its...

  • Why OPEC will not reduce production Tuesday, 25 Aug 2015 | 12:17 AM ET
    Why OPEC will not reduce production

    Previous comments from the Organization of the Petroleum Exporting Countries (OPEC) indicate that member countries will likely stand firm on oil production at the next scheduled meeting in December, says OCBC's economist Barnabas Gan.

  • Commodities tomorrow: Crude's wild ride Monday, 24 Aug 2015 | 4:00 PM ET
    Commodities tomorrow: Crude's wild ride

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

  • *Platinum down 4.5 pct, palladium at 3- year low. NEW YORK/ LONDON, Aug 24- Gold turned lower on Monday, as the dollar pared losses, and U.S. shares and other commodity markets staged a comeback while the white precious metals fell on concerns about the Chinese economy. Platinum dropped as much as 4.5 percent, palladium hit a three-year low at $563.72 an ounce and silver...

  • Aug 24- De Beers, the world's largest producer of rough diamonds by value, reduced prices for its diamonds by as much as 9 percent, Bloomberg reported, citing people familiar with the matter. De Beers, a unit of London- listed mining company Anglo American Plc, lowered prices after cuts to production failed to support demand, Bloomberg reported, citing three people...

  • ATHENS, Aug 24- Workers at a Canadian-run gold mine in northern Greece staged a counter-protest on Monday against its threatened closure, a day after scuffles broke out at a demonstration by activists opposed to the project. About 200 workers gathered at two sites in the scenic Halkidiki region, briefly blocking roads in protest at a government decision which...

  • THESSALONIKI, Greece— Greek police have arrested two union leaders after hundreds of miners blocked roads to protest the temporary closure of a controversial gold mine in northern Greece. The men were charged with disrupting transportation Monday and released, while protesters later lifted the roadblocks in the Halkidiki peninsula— a major tourist...

  • LONDON, Aug 24- Gold edged higher on Monday to trade near a seven-week top as the dollar and shares tumbled on concerns about the Chinese economy and uncertainty over the timing of a U.S. rate rise. Platinum dropped 3 percent and palladium hit its lowest in three years at $563.72 an ounce. "The weaker dollar and concerns about China's economy are the factors behind...

  • THESSALONIKI, Greece— Police in Greece say they have arrested 78 anti-mining protesters, mostly foreigners, involved in clashes outside a Greek gold mine. Police said about 1,000 protesters marched toward the mining operation in the northern region of Halkidiki. Many started pelting the police force with rocks and bolts and threw firebombs.

  • EPA knew of 'blowout' risk for tainted water at gold mine Saturday, 22 Aug 2015 | 12:42 AM ET

    The EPA released the documents late Friday following weeks of prodding from The Associated Press and other media organizations. The plan was produced by Environmental Restoration LLC, a private contractor working for the EPA. EPA spokeswoman Melissa Harrison said Saturday she could not immediately answer questions about the matter.

  • Gold prices to head down from Fed hike? Friday, 21 Aug 2015 | 4:30 AM ET
    Gold prices to head down from Fed hike?

    Matthew Turner, precious metals analyst at Macquarie, talks about how a Fed hike could impact the price of gold.

  • Aug 20- Canadian miner Eldorado Gold Corp said on Thursday it would suspend all mining and development activities in the Halkidiki region in Greece after the Greek Energy Ministry on Wednesday revoked approvals for technical studies in the region. The project in Greece's Halkidiki region includes gold mines in operation and two factories under...

  • Eldorado Gold to suspend operations in Greek gold mine Thursday, 20 Aug 2015 | 7:09 PM ET

    Aug 20- Canadian miner Eldorado Gold Corp said it would suspend all mining and development activities in the Halkidiki region in Greece from next week after the Greek Ministry of Energy on Wednesday revoked approvals for technical studies in the region.

  • Commodities tomorrow: Supply glut continues Thursday, 20 Aug 2015 | 4:00 PM ET
    Commodities tomorrow: Supply glut continues

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

  • *Glencore's coal mine unit in cash-crunch due to Eskom deal. JOHANNESBURG, Aug 20- Administrators for Glencore's South African coal mining subsidiary suspended the firm's supply agreement with national power utility Eskom on Thursday while the mining unit undergoes a financial rescue programme. The Glencore unit sells half its output to Eskom's 2,000-...

  • *Glencore's coal mine unit in cash-crunch due to Eskom deal. JOHANNESBURG, Aug 20- Glencore's South African coal mining subsidiary suspended its supply agreement with national power utility Eskom on Thursday while the mining unit undergoes a financial rescue programme, its administrators said. The Glencore unit sells half its output to Eskom's 2,000-...

  • Gold rally could be similar to 1980: Trader Thursday, 20 Aug 2015 | 9:36 AM ET
    Gold

    Traders are piling into gold as uncertainty in stocks renewed its status as a safe haven asset. Mike Khouw explains why it could keep rallying.