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Metals and Mining Precious Metals and Mining

  • *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.

  • 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...

  • Commodities tomorrow:

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

  • TORONTO, Feb 6- De Beers is shelving immediate plans to study an expansion project at a remote northern Ontario diamond mine after failing to get support from a neighboring aboriginal community, a "disappointing" setback for the world's top diamond producer, the mine's manager said. The isolated Victor mine in the James Bay lowlands produces some 600 carats of...

  • TORONTO, Feb 6- Canada's main stock index was barely higher in morning trade on Monday, as financial stocks and gold miners gained along with bond yields and bullion, while energy names fell as oil prices slipped. Gold climbed to its highest in nearly three months as worries about the political landscape in the United States and Europe and a subdued dollar...

  • Randgold Resources CEO Mark Bristow weighs in on whether he thinks U.S. President Donald Trump will be good for gold prices in the coming months.

  • Randgold Resources CEO Mark Bristow outlines the key details from the latest earnings report by the gold mining company.

  • TORONTO, Feb 3- Freeport-McMoRan Inc, the world's biggest public-listed copper miner, said on Friday it will need to cut staff and development spending in Indonesia if the government there continues to delay export approval of its copper concentrates. The Phoenix- based miner said it has the right to export copper concentrate from its Grasberg mine without...

  • Commodities tomorrow:

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

  • The plan envisages the state reducing its stake in VTB, Russia's No. 2 bank, to 25 percent plus one share within three years. Sberbank is Russia's largest lender by assets. Details of Russia's privatization plans are available here:.