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Metals and Mining Precious Metals and Mining

  • 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 privatisation plans are available here:.

  • 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:.

  • MANILA, Feb 2- The Philippines will close down over 20 mines, mostly nickel producers that account for about half of output in the world's biggest nickel ore supplier, as a government campaign to fight environmental degradation deepens. Manila is also suspending operations at six other mines, including the country's top gold miner. Environment and Natural...

  • *Index posts its lowest close since Dec. 30. TORONTO, Jan 31- Canada's main stock index fell to a one-month low on Tuesday as heavyweight financial shares declined, but some losses for the index were pared, while gold mining stocks climbed as gold prices benefited from pressure on the U.S. dollar. The Toronto Stock Exchange's S&P/TSX composite index closed down...

  • *Sale could raise up to $1 billion- sources. TORONTO/ VANCOUVER, Jan 31- U.S. private equity firm Orion Mine Finance Group is in talks to sell a portfolio of 87 mining royalty, streaming and offtake assets, Orion portfolio manager Douglas Silver said on Tuesday. The portfolio includes 71 royalties, eight streams and eight offtake agreements on gold, silver, base metals...

  • TORONTO, Jan 31- Canada's main stock index fell to a one-month low on Tuesday as heavyweight financial shares lost ground, but some losses for the index were pared, while gold mining stocks climbed as the price of gold benefited from pressure on the U.S. dollar. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 19.16 points, or 0.12...

  • Commodities tomorrow:

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

  • Molten gold pours from a furnace during the final stage of the refining process.

    Using Kensho, we looked at what happens after gold rises 5 percent or more in one month.