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Metals and Mining Precious Metals and Mining

  • *India sales tax on gold jumped to 3 pct this month. MUMBAI, July 4- A hike in taxes on gold sales in India could stoke under-the-counter buying and drive up appetite for precious metal smuggled into the country, where millions of people store big chunks of their wealth in bullion and jewellery. The jeweller did not have any problem, "said a middle-aged buyer, who...

  • *India sales tax on gold jumped to 3 pct this month. MUMBAI, July 4- A hike in taxes on gold sales in India could stoke under-the-counter buying and drive up appetite for precious metal smuggled into the country, where millions of people store big chunks of their wealth in bullion and jewelry. The jeweler did not have any problem, "said a middle-aged buyer, who declined...

  • DAR ES SALAAM/ NAIROBI, June 30- Tanzania's parliament should pass legislation next week that would allow it to force mining and energy companies to renegotiate their contracts, the justice minister said on Friday. "Yes, we expect parliament to pass the three bills next week," Tanzania's Justice and Constitutional Affairs Minister, Palamagamba Kabudi, told...

  • June 30- The Russian Direct Investment Fund said in a statement on Friday:. *A consortium of international investors formed by RDIF with leading Middle-Eastern Sovereign Wealth Funds has participated in the SPO of Russia's largest gold mining company Polyus;. *Investors from countries including the UAE, Qatar, Kuwait and Bahrain took part in the consortium;.

  • Commodities tomorrow:

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

  • TORONTO, June 29- Canada's main stock index fell in morning trade on Thursday in a broad retreat led by slips among heavyweight energy, gold mining and industrial stocks and a pullback in shares of convenience store operator Alimentation Couche Tard Inc.. Bombardier Inc fell 1.6 percent to C $2.41 after the company confirmed its transportation unit plans to...

  • TORONTO, June 29- Gabriel Resources Ltd will seek $4.4 billion in damages from Romania for losses related to its long-stalled Rosia Montana gold mine project in a claim that the Canadian miner plans to file Friday with a World Bank Tribunal. Gabriel, whose project has been in the works for 18 years, will argue that Romania violated several investment treaty...

  • Commodities tomorrow:

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

  • JOHANNESBURG, June 28- AngloGold Ashanti is considering laying off 8,500 workers, some 30 percent of its workforce, Africa's biggest gold miner said on Wednesday, as it looks to restructure its South African mines. "It is critical that we act to protect the long-term sustainability of this business and the majority of our workforce," Chief Executive Officer...

  • JOHANNESBURG, June 28- AngloGold Ashanti is considering laying off 8,500 workers, some 30 percent of its workforce, Africa's biggest gold miner said on Wednesday, as it looks to restructure its South African mines. "It is critical that we act to protect the long-term sustainability of this business and the majority of our workforce," Chief Executive Officer...

  • JOHANNESBURG, June 28- Africa's biggest gold miner AngloGold Ashanti is considering retrenching 8,500 mine workers as part of its restructuring of its South African business "to ensure their viability", sending its shares lower. The company which employs 28,000 people, said the retrenchment is part of restructuring of the companys production and cost base in...

  • JOHANNESBURG, June 28- Africa's biggest gold miner AngloGold Ashanti is retrenching 8,500 mine workers as part of its restructuring its South African business "to ensure their viability," sending its shares lower. The company which employs 28,000 people, said the retrenchment is part of restructuring of the companys production and cost base in its South...

  • TORONTO, June 27- Canada's benchmark stock index fell on Tuesday as technology and gold mining shares retreated, offsetting gains for the energy sector as oil prices climbed. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 34.80 points, or 0.23 percent, at 15,281.22. Seven of the index's 10 main industry groups ended lower.

  • Commodities tomorrow:

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

  • Commodities tomorrow:

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

  • JOHANNESBURG, June 26- South African precious metals producer Sibanye Gold aims to resume production at its strike-hit Cooke Mine later this week, but first plans to conduct safety inspections in the shafts on Monday. Illegal gold mining has plagued South Africa for decades, with bullion pilfered from both disused and operating mines, and Sibanye has vowed it...

  • Commodities tomorrow:

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

  • Commodities tomorrow:

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

  • MILAN, June 21- Italian tax police seized documents from the offices of five lenders on Wednesday in an investigation over alleged fraud in relation to the distribution of diamonds to bank customers, three sources with knowledge of the case said. The police took documents and computer files from Intesa Sanpaolo, UniCredit, Monte dei Paschi di Siena, Banco BPM and...

  • Commodities tomorrow:

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