Metals and Mining Precious Metals and Mining

  • *Palladium touches six-week low at $652.80/ oz. NEW YORK/ LONDON, Dec 21- Gold was little changed but held above last week's 10-1/ 2- month low on Wednesday as a retreat in the dollar from the previous session's 14- year peak prompted some buyers to hunt bargains after the metal's sharp slide from its November high. Spot gold was down 0.06 percent at $1,131.11 an ounce...

  • *Palladium touches six-week low at $654.25/ oz. LONDON, Dec 21- Gold rose on Wednesday as a retreat in the dollar from the previous session's 14- year peak prompted some buyers to hunt bargains after the metal's sharp slide from its November high. Spot gold was up 0.3 percent at $1,134.60 an ounce at 1450 GMT, while U.S. gold futures for February delivery were up $2.70...

  • *Palladium touches six-week low at $658.50/ oz. LONDON, Dec 21- Gold firmed on Wednesday as a retreat in the dollar from the previous session's 14- year peak prompted some buyers to hunt bargains after the metal's sharp slide from its November high. Spot gold was up 0.2 percent at $1,133.90 an ounce at 1035 GMT, while U.S. gold futures for February delivery were up...

  • Spot gold was up 0.2 percent at $1,134.26 an ounce by 0252 GMT. U.S. gold futures were 0.2 percent higher at $1,135.80 per ounce. "Light trading volume can leave gold and the other precious metals open wide swings and erratic behavior on relatively little buying or selling," HSBC analyst James Steel said in a note.

  • Commodities tomorrow:

    CNBC's Bertha Coombs discusses the day's activity in the commodities markets.

  • *Freeport faces narrowing window for $18 bln expansion. At stake for Freeport is an $18 billion investment to expand its Grasberg mine- one of the world's biggest deposits of gold and copper- in the eastern Indonesian province of Papua. "Freeport is more politics than business," Hakim told a recent media briefing.

  • TORONTO, Dec 16- Canada's main stock index rose on Friday as higher oil prices helped heavyweight energy stocks lead broad gains and gold miners recovered as the price of the precious metal steadied. There were five advancing stocks for every decliner, with the most influential gainers including major energy producers Canadian Natural Resources Ltd, which...

  • MONGBWALU, Democratic Republic of Congo, Dec 16- W hen Guy Robert Lukama looked out at thousands of illegal gold diggers hacking away at the verdant hills in remote northeastern Congo, he glimpsed opportunity where previous owners saw only an intractable problem. Lukama's former employer, South Africa's AngloGold Ashanti, had for years sought to develop the...

  • Workers at the Zhong Tian (Zenith) Steel Group factory in Changzhou, Jiangsu.

    An extension of this year's price rally in base metals and bulk commodities in China will depend on these five factors, Goldman Sachs said.

  • *Freeport faces narrowing window for $18 bln expansion. At stake for Freeport is an $18 billion investment to expand its Grasberg mine- one of the world's biggest deposits of gold and copper- in the eastern Indonesian province of Papua. "Freeport is more politics than business," Hakim told a recent media briefing.

  • Commodities tomorrow:

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

  • Commodities tomorrow:

    CNBC's Bertha Coombs discusses the day's activity in the commodities markets.

  • BAMAKO, Dec 14- The amount of gold dug up by people working informally in Mali could soon rival official production thanks to demand from domestic refineries, officials in the West African nation say. Mali's government derives about a quarter of its revenues from gold. It is Africa's third-largest gold miner behind South Africa and Ghana, and artisanal mines...

  • Dump trucks travel through the open pit at the Tavan Tolgoi coal deposit in Tsogtsetsii, Ömnögovi Province, Mongolia.

    Rising coal prices and talks over restructuring of a vast coal mine in Gobi desert could give Mongolia's economy a boost but risks persist.

  • Commodities tomorrow:

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

  • *India third biggest diamond market. LONDON, Dec 13- Anglo American's latest De Beers diamond sale showed that demand had slowed after India's withdrawal of high-value banknotes, though it was higher than during the commodities slump of a year ago, the company said on Tuesday. "While the trade in lower-value rough diamonds is experiencing a temporary slowdown as...

  • LONDON, Dec 13- Anglo American said on Tuesday demand at its latest De Beers diamond sale showed a slowdown in response to India's withdrawal of high-value banknotes, but was still higher than a year ago when commodity trade was slumping. Prime Minister Narendra Modi's decision to scrap 500 rupee and 1,000 rupee banknotes as part of a crackdown on tax dodgers and...

  • JOHANNESBURG, Dec 12- South Africa- focused platinum miner Lonmin is confident of submitting a plan to build workers' housing that meets government requirements, it said on Monday, after President Jacob Zuma threatened to revoke its mining permit if it failed to do so. To secure a mining license, mining companies must submit a plan for housing and living...

  • Employees pass beneath pipes leading to oil storage tanks at the central processing plant for oil and gas at the Salym Petroleum Development oil fields near the Bazhenov shale formation in Salym, Russia.

    Crude oil prices jumped at the Asian open after OPEC and non-member producers agreed on a deal to cut output to ease a global supply glut.

  • TORONTO, Dec 9- Canada's main stock index ended barely higher on Friday, notching a 1.7 percent gain on the week, as losses among mining stocks as precious metal prices fell offset big gains for major banks. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 17.00 points, or 0.11 percent, at 15,312.20. Seven of its 10 main groups gained.