Metals and Mining Precious Metals and Mining

  • 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.

  • Commodities tomorrow:

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

  • SYDNEY, Dec 8- Planned changes to Papua New Guinea's mining laws are creating uncertainty ahead of an upcoming election, despite strong interest in proposed multibillion dollar mining and energy projects in the Pacific nation, lenders and advisers say. The quality of the copper, gold and gas resources in the country mean there is appetite to lend to projects...

  • Commodities tomorrow:

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

  • TORONTO, Dec 7- Canada's main stock index rose on Wednesday as higher gold prices supported mining shares, offsetting losses for the energy group as oil lost ground. The Toronto Stock Exchange's S&P/TSX composite index was up 18.87 points, or 0.12 percent, at 15,144.67, shortly after the open. Seven of the index's 10 main groups were higher.

  • Dec 6- An environmental group said on Tuesday it filed a lawsuit against De Beers Canada, accusing the diamond producer of failing to report toxic levels of mercury and methylmercury at its Victor diamond mine in northern Ontario. It said it had alerted the province of Ontario and De Beers Canada to the failures more than 18 months ago. "After months and months of...

  • Dec 6- Latin America will play an increasingly important role in Barrick Gold's growth strategy, the world's biggest gold miner said on Tuesday as it named a new director with decades of mining experience in that region. Marcet's deep operational and geopolitical experience in Latin America will be a vital asset as the company evaluates new investments in the...

  • Dec 6- An environmental group said on Tuesday it filed a lawsuit against De Beers Canada, accusing the diamond producer of failing to report toxic levels of mercury and methylmercury at its Victor Diamond mine in northern Ontario. It said it had alerted the province of Ontario and De Beers Canada to the failures more than 18 months ago. "After months and months of...

  • Commodities tomorrow:

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

  • Dec 6- An environmental group said on Tuesday it had filed a lawsuit against De Beers Canada, accusing the diamond producer of failing to report toxic levels of mercury and methylmercury at its Victor Diamond mine in northern Ontario. It said it had alerted the province of Ontario and De Beers to the failures more than 18 months ago. "After months and months of...

  • LONDON, Dec 6- Russia will make a "significant push" for faster privatisations, though stake sales in some companies such as lender VTB may have to wait until Western sanctions are lifted, Deputy Finance Minister Alexei Moiseev said on Tuesday. Russia has so far sold shares in diamond producer Alrosa and oil company Bashneft to help plug its budget deficit.

  • LONDON, Dec 6- Russia will make a "significant push" for faster privatizations, though stake sales in some companies such as lender VTB may have to wait until Western sanctions are lifted, Deputy Finance Minister Alexei Moiseev said on Tuesday. Russia has so far sold shares in diamond producer Alrosa and oil company Bashneft to help plug its budget deficit.

  • TORONTO, Dec 5- Canada's benchmark stock index rose on Monday as recent strength in commodity prices supported the energy and materials groups, while a fresh record high for the Dow Jones industrials boosted investor confidence. Wall Street has rallied since the U.S. election as investors bet that President-elect Donald Trump will deliver significant...

  • Commodities tomorrow:

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

  • *Companies say Burkina Faso blocked development of manganese mine. DAKAR, Dec 5- Three companies belonging to Romanian-Australian businessman Frank Timis's Pan African Minerals Group are seeking $385 million from Burkina Faso via mediation, accusing it of blocking development of one of the world's biggest manganese mines. According to an arbitration...