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Metals and Mining Diversified Metals and Mining

  • RIO DE JANEIRO/ DUBAI June 27- Anglo American has suspended a contract to supply Bahrain Steel with iron ore, the Gulf-based company said, in the latest headache for the miner's troubled Brazilian project after spills from a pipeline that carries the commodity to port. Bahrain Steel, which produces iron ore pellets for steelmakers, said the London- based miner...

  • RIO DE JANEIRO/ DUBAI June 27- Anglo American has suspended a contract to supply Bahrain Steel with iron ore, the Gulf-based company said, in the latest headache for the miner's troubled Brazilian project after spills from a pipeline that carries the commodity to port. Bahrain Steel, which produces iron ore pellets for steelmakers, said the London- based miner...

  • LONDON/ DAKAR, May 3- Miner and commodities trader Glencore is embroiled in a legal tangle over its copper and cobalt operations in Democratic Republic of Congo, where conflict and changes to regulations have deterred many mining firms. "The price would absolutely go through the roof," Bernstein analyst Paul Gait said. Glencore's legal row revolves around its...

  • BEIJING, April 26- London aluminium slipped again on Thursday, after snapping a four-day losing streak in the previous session, as the deadline extension to comply with U.S. sanctions on Rusal, one of the world's biggest aluminium producers, pulled down prices. *LME ALUMINIUM: Three-month aluminium on the London Metal Exchange was down 1.1 percent at $2,219.50 a...

  • BEIJING, April 26- London aluminum slipped again on Thursday, after snapping a four-day losing streak in the previous session, as the deadline extension to comply with U.S. sanctions on Rusal, one of the world's biggest aluminum producers, pulled down prices. *LME ALUMINIUM: Three-month aluminum on the London Metal Exchange was down 1.1 percent at $2,219.50 a...

  • BEIJING, April 26- London aluminium slipped 1.3 percent lower on Thursday, after snapping a four-day losing streak in the previous session, as the deadline extension to comply with U.S. sanctions on Rusal, one of the world's biggest aluminium producers, pulled down prices. *ZINC: Shanghai zinc was the biggest loser in the base metals complex, falling 2.8 percent to...

  • BEIJING, April 26- London aluminum slipped 1.3 percent lower on Thursday, after snapping a four-day losing streak in the previous session, as the deadline extension to comply with U.S. sanctions on Rusal, one of the world's biggest aluminum producers, pulled down prices. *ZINC: Shanghai zinc was the biggest loser in the base metals complex, falling 2.8 percent to...

  • LONDON, April 11- International financial groups took action on Wednesday to distance themselves from the shares, bonds and metal of Russian aluminium giant Rusal after the United States imposed sanctions on the company. In Moscow, the government pledged to provide Rusal with short-term liquidity and offer other assistance while it also considered hitting...

  • *Ecuador riskier than Chile, much less explored. SANTIAGO, April 9- SolGold has received advances from a dozen big miners, including BHP and Vale, for its copper and gold discovery in Ecuador, an executive said on Monday, but has rejected them to develop the project alone. SolGold bucked a trend of a lack of new discoveries following a fall-off in investment during the...

  • TORONTO, March 28 Reuters)- Canadian mining magnate Peter Munk, who built Barrick Gold Corp from a single mine into the world's largest producer of gold, has died at the age of 90, the company said on Wednesday. The blunt-spoken Munk, who once said getting old was "not for sissies", was also a dedicated philanthropist, donating millions to healthcare and universities...

  • Jean-Sebastien Jacques, chief executive officer of Rio Tinto.

    Rio Tinto CEO Jean-Sébastien Jacques said he hopes China and the U.S. can resolve their trade issues.

  • While the United States imported 36 million tonnes of steel in 2017, with Canada, Brazil and South Korea the leading suppliers, that was less than 8 percent of global steel market traded volumes of 473 million tonnes during the year. "The volume is relatively small and won't have a big impact on prices," said Roberto Cola, vice president of the ASEAN Iron and Steel...

  • An example of the public exit from the business is South32, the Perth- based miner spun out of BHP Billiton which is in the process of selling out of its thermal coal assets in South Africa. Mike Fraser, South32's president and chief operating office for South Africa, told Reuters earlier this month that the company was aiming to sell its coal assets because it "did...

  • Capital returns for BHP just starting now

    Alon Olsha, senior metals and mining analyst at Macquarie, discusses BHP Billiton and other mining companies.

  • LONDON, Feb 16- Investors are shunning the mining sector, data from Thomson Reuters shows, as they struggle to forget the string of multi-billion dollar takeovers and expensive development projects that left them empty handed. The mining sector led the FTSE higher in 2016 as it rebounded from the previous year's deep price crash, but it is still well below levels...

  • LONDON, Feb 16- Investors are shunning the mining sector, data from Thomson Reuters shows, as they struggle to forget the string of multi-billion dollar takeovers and expensive development projects that left them empty handed. The mining sector led the FTSE higher in 2016 as it rebounded from the previous year's deep price crash, but it is still well below levels...

  • TORONTO/ MELBOURNE, Feb 16- As shareholders push the world's cash-rich miners to maintain lush dividends and make the most of existing assets, Glencore is taking a slightly different tactic that positions it for shrewd acquisitions. They're trying to find businesses with the highest margin and get into sectors where they will have a competitive advantage, "...

  • Disbelief among South Africans that Jacob Zuma is gone

    CNBC Africa's Karabo Letlhatlha reports on Zuma's exit and the state of the country's mining industry.

  • SAO PAULO, Jan 30- Continued Chinese efforts to reduce pollution will boost demand for Vale's high quality iron ore, the Brazilian miner's chief executive said on Tuesday, even as the world's top iron ore producer seeks to diversify away from the metal. "I cannot imagine China going back on the pollution controls it is trying to put in place," CEO Fabio Schvartsman...

  • South Africa's crisis opens up opportunities in some sectors

    Anna Rosenberg, director for Sub-Saharan Africa at Frontier Strategy Group, explains why South Africa is "too important to ignore" for investors.