Metals and Mining Precious Metals and Mining

  • TORONTO, Sept 7- Canada's main stock index slipped on Wednesday as mining shares pulled back, although rising railway stocks and gains for some energy companies limited losses. At 10:32 a.m. EDT, the Toronto Stock Exchange's S&P/TSX composite index was down 16.58 points, or 0.11 percent, at 14,796.44. New Gold Inc slumped 7.9 percent to C $6.68 after saying...

  • KINSHASA, Sept 7- The Democratic Republic of Congo's state mining company Gecamines said on Wednesday it has submitted an offer to buy Freeport McMoRan Inc's majority stake in the Tenke copper project. Freeport agreed in May to sell its 56 percent stake in Tenke, one of the world's largest copper mines, to China Molybdenum Co Ltd for $2.65 billion.

  • TORONTO, Sept 6- Canada's benchmark stock index edged higher on Tuesday as higher gold prices supported mining stocks, while news of an acquisition boosted shares of the country's largest pipeline company. The small gain for the Toronto Stock Exchange's S&P/TSX composite index follows a 1.1 percent advance last week, the biggest weekly gain since mid-July.

  • Commodities tomorrow:

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

  • *Spot gold was nearly flat at $1,326.02 per ounce by 0101 GMT. *Republican presidential nominee Donald Trump, who has previously accused the Federal Reserve of keeping interest rates low to help President Barack Obama, said on Monday that the U.S. central bank has created a "false economy" and that interest rates should change. *On Monday, Bank of Japan Governor...

  • *South Africa, Australia have protection in domestic law. LONDON, Sept 5- The world's biggest mining companies called on Monday for action to stop any firms, including the oil and gas industry, extracting resources from natural sites protected by the United Nations. "Yet 13 years later, other companies and industries are still operating in these precious sites,"...

  • *Technicals point spot gold moving back to $1,315. We can expect prices to further rebound to $1,350 in a short-term, "said Mark To, head of research at Hong Kong's Wing Fung Financial Group. "Gold should continue to see interest support following Friday's jobs data as the chances of an interest rate rise in September pull back," MKS PAMP Group precious metals trader...

  • TORONTO, Sept 2- Canada's main stock index pushed higher on Friday with mining and energy stocks big beneficiaries of a weaker-than-expected U.S. jobs report that weighed on the U.S. dollar and, in turn, boosted commodity prices. Goldcorp Inc rose 2 percent to C $20.83, Barrick Gold Corp advanced 1.2 percent to C $23.59, and smaller Yamana Gold Inc jumped 6.6 percent...

  • TORONTO, Sept 1- Canada's main stock index rose on Thursday, led by gold mining stocks after weak U.S. manufacturing data tempered expectations for Federal Reserve interest hikes. "Sloppy data" reduces expectations for a Fed rate hike in September, said Diana Avigdor, portfolio manager and head of trading at Barometer Capital Management. The Toronto Stock...

  • Argentina has fallen behind its mineral-rich neighbors Chile and Peru in mining investment, despite containing rich deposits of copper, gold, silver and zinc. The government plans to send its mining bill to Congress early next year, he added. Ricardo Martínez, head of Buenos Aires- based mining consultancy Viento Andino, said Peru and Chile are each expecting...

  • TORONTO, Sept 1- Canada's main stock index moved slightly higher on Thursday as gold miners bucked bullion's fall after an August sell-off and investors cheered the expansion of Tim Hortons into Britain. The coffee and doughnut chain's owner Restaurant Brands International Inc was among the most influential movers on the index, up 2.2 percent to C $63.73.

  • VLADIVOSTOK, Russia, Sept 1- The Russian Direct Investment Fund is aiming to take part in the privatisation of oil producer Bashneft, Kirill Dmitriev, head of the fund, said on Thursday. The stake has been valued at around 300 billion roubles. Sovereign funds in the Arab world and Asia have showed an interest in Bashneft's privatisation, Dmitriev said.

  • VLADIVOSTOK, Russia, Sept 1- The Russian Direct Investment Fund is aiming to take part in the privatization of oil producer Bashneft, Kirill Dmitriev, head of the fund, said on Thursday. The stake has been valued at around 300 billion roubles. Sovereign funds in the Arab world and Asia have showed an interest in Bashneft's privatization, Dmitriev said.

  • *Gold may retest support at $1,306- technicals. "With Friday's U.S. payrolls data looming large, we are seeing ranges tighten and skew to the downside as anticipation builds for a potential September interest rate hike," said Sam Laughlin, precious metals trader with MKS PAMP Group. Spot gold had slipped 0.1 percent to $1,306.81 per ounce by 0709 GMT.

  • *Spot gold edged higher 0.1 percent to $1,309.80 per ounce at 0047 GMT. The metal touched a low of $1,304.91 on Wednesday, its lowest since June 24. *On Wednesday, Boston Fed President Eric Rosengren said the Fed should consider that quicker interest rate rises over time could stave off risks to the economy, while Chicago Fed President Charles Evans said he is...

  • Commodities tomorrow:

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

  • *Netting credited with saving lives in deep South Africa mines. PHUTHADITJHABA, South Africa, Aug 31- Pakiso Matsemela recalls the day he lost the use of his legs, joining the long casualty list of a South African mining industry whose accident rate is again climbing after years of improvement. That was in May, 2009 and- while of no consolation to the paralysed...

  • TORONTO, Aug 31- Canada's main stock index fell on Wednesday as lower oil and gold prices weighed on energy and mining stocks. The most influential movers on the index included Suncor Energy Inc, which fell 1.9 percent to C $35.73, and TransCanada Corp, which declined 1.2 percent to C $59.14. At 10:40 a.m. EDT, the Toronto Stock Exchange's S&P/TSX composite index...

  • TORONTO, Aug 30- Canada's main stock index edged slightly higher on Tuesday as bank and fertilizer stocks rallied, but gains for the index were mostly pared as lower gold prices weighed on mining stocks. The Toronto Stock Exchange's S&P/TSX composite index has rebounded 27 percent after hitting a three-year low in January. The Toronto Stock Exchange's S&P/TSX...

  • Commodities tomorrow:

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