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Metals and Mining Precious Metals and Mining

  • What I'm sure about is that we need access to additional sources of financing, " Eduardo Pacheco told Reuters in an interview at his Bogota office. Colpatria in 2011 tapped Canada's Scotiabank as a partner, ceding 51 percent in Banco Colpatria, and in 2013 it sold a similar amount of its insurance business to France's AXA. The construction unit has operations in...

  • ULAANBAATAR, Mongolia— Mongolian lawmakers have told the government to revoke a private company's purchase of a stake in a major copper mine, prompting the president to warn they might scare away investors as the country tries to reverse an economic slump. The move highlights the political sensitivity of Mongolia's copper, gold and other mineral wealth, the...

  • Uncertainty over U.S. President Donald Trump's term in office will boost gold prices, an Australian asset manager says. In this photo taken on January 31 in the China,  an inflatable rooster figure with a Donald Trump hairstyle and hand gestures, stands outside a gold shop to attract customers.

    Uncertainty in the next few years over the term of Donald Trump’s presidency will boost the gold market, an asset manager said Tuesday.

  • **Glencore has increased its hold on Democratic Republic of Congo's copper and cobalt resources by buying the remaining stake in the Mutanda mine from resource group Fleurette and increasing its share in Katanga for a total of $960 million. **Grupo Seb do Brasil said it had agreed to buy 95 percent of Maple Bear Global Schools Ltd's operations in Brazil for $50...

  • Commodities tomorrow:

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

  • **Glencore has increased its hold on Democratic Republic of Congo's copper and cobalt resources by buying the remaining stake in the Mutanda mine from resource group Fleurette and increasing its share in Katanga for a total of $960 million. **Grupo Seb do Brasil said it had agreed to buy 95 percent of Maple Bear Global Schools Ltd's operations in Brazil for $50...

  • **Glencore has increased its hold on Democratic Republic of Congo's copper and cobalt resources by buying the remaining stake in the Mutanda mine from resource group Fleurette and increasing its share in Katanga for a total of $960 million. **Grupo Seb do Brasil said it had agreed to buy 95 percent of Maple Bear Global Schools Ltd's operations in Brazil for $50...

  • *Palladium touches highest since Jan. 25. NEW YORK/ LONDON, Feb 13- Gold prices slipped on Monday as the dollar rose and equities climbed, but political and economic uncertainties in the United States and Europe are expected to provide support for now. The spot price was down 0.7 percent at $1,225.71 an ounce by 2:51 p.m. EST, falling further below last week's...

  • Trucks at work in the copper mine 'La Escondida' in Chile

    London copper hit its highest levels in 20 months Monday as closures of two of the world’s major mines amplified concerns of a shortage.

  • The gains in gold are stacking up this year with prices up about 7 percent year-to-date.

    A rally in gold prices has room to run on risk concerns from politics to interest rates, so hold on to those long positions, a UBS analyst said.

  • TORONTO, Feb 9- Canada's main stock index rose on Thursday to its highest in nearly two weeks, led by a more than 2 percent gain for energy shares as oil prices rose, while lower prices for base and precious metals weighed on the materials group. Canada's largest oil and gas company reported a larger-than-expected fourth-quarter profit on Wednesday as a result of...

  • BHP Billiton on Thursday approved its $2.2 billion share of investment for the second phase of the Mad Dog oilfield in the Gulf of Mexico, as expected.

  • CHICAGO _ Coeur Mining Inc. on Wednesday reported a loss of $8.3 million in its fourth quarter. On a per-share basis, the Chicago- based company said it had a loss of 3 cents. Coeur Mining shares have risen 32 percent since the beginning of the year.

  • TORONTO, Feb 8- Canada's benchmark stock index ended up on Wednesday after a slow start as an oil price rebound helped some energy stocks, and gold and base metal miners rose as political uncertainty boosted bullion and a likely squeeze on supply pushed copper prices higher. Barrick Gold Corp advanced 1.2 percent to C $25.75 and Goldcorp Inc rose 1.1 percent to C...

  • CAPE TOWN, Feb 8- South Africa's gold industry, which faces a class action suit from miners who contracted the fatal lung disease silicosis, said on Wednesday the government had 3.7 billion rand in a fund available for compensation to sufferers. "There is a compensation fund that has about 3.7 billion rand in it," said Graham Briggs, a former mining executive who...

  • Developing Africa's vast mineral resources to meet the needs of the resource-hungry economies of China and the rest of Asia. South Africa, the continent's mining powerhouse, is a case in point. However, in practice it means that any company considering investing in South Africa will effectively be forced to contribute 100 percent of the capital for only 74...

  • Developing Africa's vast mineral resources to meet the needs of the resource-hungry economies of China and the rest of Asia. South Africa, the continent's mining powerhouse, is a case in point. However, in practice it means that any company considering investing in South Africa will effectively be forced to contribute 100 percent of the capital for only 74...

  • *Spot gold hits $1,235.73 on Monday, highest since Nov. 11. In the previous session, the metal touched $1,235.73, its highest since Nov. 11. "For all of the issues that are raised by Trump, we have to remember it's a two-sided story for the dollar and what's happening in Europe is just as important," said Tom Kendall, head of precious metals strategy at ICBC Standard Bank.

  • CULLINAN, South Africa, Feb 7- Engineering services company Master Drilling will next month complete a diamond mine pilot project aimed at roughly doubling the drilling rate and cutting costs, as miners turn to technology to maximize output from depleted reserves. Master Drilling, working with diamond producer Petra Diamonds at the Cullinan mine, northeast...

  • TORONTO, Feb 6- Canada's main stock index ended lower on Monday, as heavyweight energy stocks weighed with a fall in oil prices, while gold miners caught a boost from bullion jumping to its highest in nearly three months on political uncertainty. Gold climbed to its highest in nearly three months as worries about the political landscape in the United States and...