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  • LONDON, Jan 20- Johnson Matthey has lifted its estimate of last year's platinum market deficit after a surge in Japanese bar investment late in the year, though it cut its expectations for the palladium market shortfall. Speaking at ETF Securities' annual investment conference on Wednesday, JM's general manager for market research Peter Duncan said he...

  • JAKARTA, Jan 20- Indonesia will reach a decision on whether to accept Freeport McMoRan Inc's $1.7 billion divestment price for its unit in the country by the end of the first quarter, a mines ministry official said on Wednesday. Under agreements reached in 2014, the U.S. mining giant must sell the government a greater share of the Grasberg copper and gold mine in...

  • WILMINGTON, Del., Jan 19- A U.S. judge denied on Tuesday a request by media company Bloomberg LP to stay an order requiring more than 100 people to disclose information they shared with its reporters about a bankrupt mining company, which Bloomberg said inhibits its free speech rights. Last week, Sontchi ordered 123 people to disclose by the end of Tuesday their...

  • *Metal is used in mobile phone batteries. *Firms not checking supply chains properly- Amnesty. KINSHASA, Jan 19- Cobalt used in batteries for phones, laptops and electric vehicles could come from mines in Democratic Republic of Congo that use child labour, an Amnesty International report said on Tuesday.

  • MANILA, Jan 19- Gold steadied in early deals on Tuesday as weaker stock and oil prices pushed investors towards safe-haven assets, but slow physical demand in Asia kept bullion under $1,100 an ounce. *Weak physical demand from top gold consumers China and India has limited gold's upside potential, with Chinese consumer spending dented by its slowing economy.

  • Rio Tinto to hike output in focus on dividend Monday, 18 Jan 2016 | 7:53 PM ET
    Trucks at an iron ore mine

    Rio Tinto reported an 11 percent rise in annual iron ore shipments, roughly in line with its full-year guidance of 340 million tons.

  • TORONTO/ VANCOUVER, Jan 18- Gold mining companies are running a charm offensive with their biggest shareholders on the thorny issue of executive pay, keen to hold onto investors angry about ongoing generous compensation after four years of dire stock returns. "If you have say-on-pay votes against you and... you're unwilling to change, people vote with their feet,"...

  • Freeport, which operates one of the world's largest copper and gold mines in Indonesia's far-eastern Papua region, is a key source of resource revenue for the country, and the issue of its operations and contract to operate are politically sensitive. Freeport has started a process to replace Sjamsuddin, Eric Kinneberg, a spokesman at Freeport's head office in...

  • UPDATE 1-CEO of Freeport's Indonesian unit steps down Monday, 18 Jan 2016 | 10:09 AM ET

    JAKARTA, Jan 18- The chief executive of Freeport McMoRan Inc's Indonesian unit, Maroef Sjamsuddin, has resigned, a spokesman said on Monday, less than a month after the chairman of the U.S. mining giant stepped down. Freeport, which operates one of the world's largest copper and gold mines in Indonesia's far-eastern Papua region, is a key source of resource revenue...

  • This cycle's gold output has peaked, say miners Sunday, 17 Jan 2016 | 11:02 PM ET

    Gold output has peaked in this commodities cycle, according to mining industry leaders and analysts, the Financial Times reports.

  • SINGAPORE, Jan 15- Gold edged higher on Friday, after dropping for the past four out of five sessions, as falling Asian stock markets underpinned the precious metal although gains were capped by expectations of another U.S. interest rate increase. Spot gold added 0.6 percent to $1,083.76 an ounce by 0708 GMT, while U.S. gold futures gained nearly 1 percent to...

  • SINGAPORE, Jan 15- Gold lost more ground on Friday, falling for five out of six sessions as a rebound in oil and equity markets reduced the precious metal's safe haven appeal. *Spot gold slid 0.1 percent to $1,076.88 an ounce by 0007 GMT while U.S. gold futures gained 0.3 percent to $1,076.8. *Silver gave up 0.2 percent to $13.83 an ounce, palladium fell 0.1 percent at...

  • TORONTO, Jan 14- Canadian mining company Lundin Gold Inc said on Thursday it will pay the government of Ecuador an advance royalty of $65 million under an agreement setting out the financial terms for development of its Fruta del Norte project. "We believe a legislation change to allow for VAT recovery and a modestly smaller upfront royalty payment help to...

  • ATHENS, Jan 14- Greece has asked Canadian miner Eldorado Gold Corp to reverse its decision to halt much of its Greek mining operations and safeguard jobs as a condition for the two parties to continue talks on the country's biggest foreign investment. The Vancouver- based miner has been in a dispute with the Greek government after Energy Minister Panos...

  • Competition is rife in luxury retail: CIO Thursday, 14 Jan 2016 | 2:30 AM ET
    Competition is rife in luxury retail: CIO

    Michelle McGrade, CIO of TD Direct Investing, discusses the luxury retail sector and Richemont, which has seen a drop in sales, and says consumers have become more discerning.

  • Jan 13- Dominion Diamond Corp said on Wednesday its executive chairman will step down and be replaced by Jim Gowans, a mining industry veteran, who will take over as non-executive chairman no later than April 30. The Canadian diamond producer, which has been under pressure from an activist shareholder group, also said Josef Vejvoda has been appointed to the board.

  • Jan 13- Dominion Diamond Corp said on Wednesday its executive chairman will step down and be replaced by Jim Gowans, a mining industry veteran, who will take over as non-executive chairman no later than April 30. The Canadian diamond producer, which has been under pressure from an activist shareholder group, also said Josef Vejvoda has been appointed to the board.

  • Invest now? Diamond producers get thumbs up Wednesday, 13 Jan 2016 | 9:31 AM ET
    An uncut diamond is selected from a collection of colorless and colored diamonds on a sorting table at DTC Botswana, a unit of De Beers, in Gaborone, Botswana,

    Diamond prices had a bad 2015, but reduced production and increasing retail demand will help the commodity and the miners extracting them.

  • SINGAPORE, Jan 13- Gold lost more ground on Wednesday as a rebound in U.S. and European equity markets reduced some of the precious metal's safe haven appeal with additional pressure from a strengthening greenback. *Spot gold slid 0.3 percent to $1,086.9 an ounce by 0011 GMT and U.S. gold futures gained 0.1 percent to $1,086.7. *Among other precious metals,...

  • ATHENS, Jan 12- Canadian miner Eldorado Gold Corp expects the suspension of much of its mine construction and development activity in Greece after a confrontation with the government to cost more than 600 jobs, its chief executive said on Tuesday. The Vancouver- based miner had to resort to Greece's top administrative court to annul a government decision that...