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Metals and Mining Precious Metals and Mining

  • Commodities tomorrow:

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

  • *India raised tax on gold to 3 pct from 1.2 pct from July 1. MUMBAI, July 6- An increase in taxes on gold sales in India could curb short-term demand from the world's No. 2 consumer of the metal, the World Gold Council said. There have been fears the tax increase could stoke under-the-counter buying and spur appetite for precious metal smuggled into India, where millions...

  • MUMBAI, July 6- A hike in taxes on gold sales in India could pressure short-term demand from the world's No.2 consumer of the metal, the World Gold Council said in a report. There have been fears the tax increase could stoke under-the-counter buying and drive up appetite for precious metal smuggled into India, where millions of people store chunks of their wealth...

  • MUMBAI, July 6- A hike in taxes on gold sales in India could pressure short-term demand from the world's No.2 consumer of the metal, the World Gold Council said in a report. There have been fears the tax increase could stoke under-the-counter buying and drive up appetite for precious metal smuggled into India, where millions of people store chunks of their wealth...

  • NEW YORK/ LONDON, July 5- Gold steadied on Wednesday, after Federal Reserve minutes showed a growing split among policymakers on the inflation outlook and the dollar pared gains, lifting the precious metal above an eight-week low reached earlier in the session. "We changed our call for the next Fed hike by moving it to December and the June Fed minutes seem to...

  • Commodities tomorrow:

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

  • TORONTO, July 4- Canada's main stock index fell on Tuesday as precious metal miners led a retreat that was limited by gains for shares of some energy names. The most influential movers on the index included major gold miners Barrick Gold Corp, which fell 1.8 percent to C $20.25, and Goldcorp, which lost 2.2 percent to C $16.36. At 10:25 a.m. ET, the Toronto Stock...

  • ACCRA, July 4- At least 14 people were missing and feared dead after an illegal gold mine in western Ghana in which they were working collapsed, police said on Tuesday. Africa's second largest gold producer after South Africa, Ghana has struggled to rein in illegal mining, which pollutes water sources and threatens cocoa production as the miners take over cocoa...

  • *India sales tax on gold jumped to 3 pct this month. MUMBAI, July 4- A hike in taxes on gold sales in India could stoke under-the-counter buying and drive up appetite for precious metal smuggled into the country, where millions of people store big chunks of their wealth in bullion and jewellery. The jeweller did not have any problem, "said a middle-aged buyer, who...

  • *India sales tax on gold jumped to 3 pct this month. MUMBAI, July 4- A hike in taxes on gold sales in India could stoke under-the-counter buying and drive up appetite for precious metal smuggled into the country, where millions of people store big chunks of their wealth in bullion and jewelry. The jeweler did not have any problem, "said a middle-aged buyer, who declined...

  • DAR ES SALAAM/ NAIROBI, June 30- Tanzania's parliament should pass legislation next week that would allow it to force mining and energy companies to renegotiate their contracts, the justice minister said on Friday. "Yes, we expect parliament to pass the three bills next week," Tanzania's Justice and Constitutional Affairs Minister, Palamagamba Kabudi, told...

  • June 30- The Russian Direct Investment Fund said in a statement on Friday:. *A consortium of international investors formed by RDIF with leading Middle-Eastern Sovereign Wealth Funds has participated in the SPO of Russia's largest gold mining company Polyus;. *Investors from countries including the UAE, Qatar, Kuwait and Bahrain took part in the consortium;.

  • Commodities tomorrow:

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

  • TORONTO, June 29- Canada's main stock index fell in morning trade on Thursday in a broad retreat led by slips among heavyweight energy, gold mining and industrial stocks and a pullback in shares of convenience store operator Alimentation Couche Tard Inc.. Bombardier Inc fell 1.6 percent to C $2.41 after the company confirmed its transportation unit plans to...

  • TORONTO, June 29- Gabriel Resources Ltd will seek $4.4 billion in damages from Romania for losses related to its long-stalled Rosia Montana gold mine project in a claim that the Canadian miner plans to file Friday with a World Bank Tribunal. Gabriel, whose project has been in the works for 18 years, will argue that Romania violated several investment treaty...

  • Commodities tomorrow:

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

  • JOHANNESBURG, June 28- AngloGold Ashanti is considering laying off 8,500 workers, some 30 percent of its workforce, Africa's biggest gold miner said on Wednesday, as it looks to restructure its South African mines. "It is critical that we act to protect the long-term sustainability of this business and the majority of our workforce," Chief Executive Officer...

  • JOHANNESBURG, June 28- AngloGold Ashanti is considering laying off 8,500 workers, some 30 percent of its workforce, Africa's biggest gold miner said on Wednesday, as it looks to restructure its South African mines. "It is critical that we act to protect the long-term sustainability of this business and the majority of our workforce," Chief Executive Officer...

  • JOHANNESBURG, June 28- Africa's biggest gold miner AngloGold Ashanti is considering retrenching 8,500 mine workers as part of its restructuring of its South African business "to ensure their viability", sending its shares lower. The company which employs 28,000 people, said the retrenchment is part of restructuring of the companys production and cost base in...

  • JOHANNESBURG, June 28- Africa's biggest gold miner AngloGold Ashanti is retrenching 8,500 mine workers as part of its restructuring its South African business "to ensure their viability," sending its shares lower. The company which employs 28,000 people, said the retrenchment is part of restructuring of the companys production and cost base in its South...