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Metals and Mining Gold Mining

  • *Spot gold was up 0.2 percent at $1,308.86 an ounce by 0044 GMT, after dropping to its lowest level since Aug. 31 at $1,304.10 in the previous session. *Bank of England Governor Mark Carney said on Monday that Brexit is likely to hurt Britain's growth prospects in the short term and push up inflation as the country adjusts to life outside the European Union.

  • Sept 18- Kinross Gold Corp, as expected, gave the go-ahead on Monday to spend more than $1 billion to expand two of its gold mines, including its Tasiast mine in West Africa, but its shares fell as investors took profits after a stellar run this year. Kinross okayed a second-phase, $590 million expansion at its Tasiast operation in Mauritania, which will help the...

  • TORONTO, Sept 18- Canada's main stock index rose in morning trade on Monday, with gains for its heavyweight energy sector offsetting losses among gold miners. Last week, Canada's competition watchdog said it would not challenge a proposed merger between the two companies. At 10:18 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 49.97...

  • LONDON, Sept 18- Connemara Mining's newly appointed CEO expects fresh drilling this month to kickstart projects in Ireland, where zinc and gold exploration has been revived by a recovery in commodity prices. Patrick Cullen, a geologist with experience at big resource companies including Schlumberger and AngloGold, returned to his native Ireland to become...

  • Sept 18- Kinross Gold Corp said it plans to expand two gold mines, including the second phase of its Tasiast operation in West Africa, spending more than $1 billion to boost output and lower costs. The Toronto- based miner said it will spend another $445 million to add five years of production to its Round Mountain mine in Nevada, currently scheduled to end in 2022.

  • *Spot gold may drop to $1,309/ oz- technicals. Sept 18- Gold slipped to its lowest level in over two weeks on Monday as the dollar and equities rallied, while prospects of monetary policy tightening in the United States ahead of a Federal Reserve meeting also weighed on the metal. "Further risk-taking appetite left gold prices in the dust," said OCBC analyst Barnabas...

  • Sept 18- Gold slipped to its lowest level in over two weeks early on Monday amid a firmer dollar, while prospects of monetary policy tightening in the United States ahead of the Federal Reserve's two-day meeting starting on Tuesday also weighed on the metal. *Spot gold was down 0.2 percent at $1,316.50 an ounce by 0052 GMT, after falling earlier to $1,315.10, its...

  • LONDON, Sept 15- Gold fell on Friday after a European Central Bank official called for scaling back the bank's stimulus programme and strong U.S. inflation data raised the prospects of another rate hike. ECB board member Sabine Lautenschlaeger on Friday made the most explicit call so far from an ECB policymaker for paring bank's 2.3 trillion euros...

  • ATHENS, Sept 15- Greece granted Canada's Eldorado Gold another permit for its Olympias mining project on Friday in an attempt to defuse tension with the Vancouver- based company which had threatened to halt investment in the country. Eldorado would be "in a position to re-assess its investment options in Greece," once it receives the required permit for the...

  • VANCOUVER, Sept 14- Canadian miner Eldorado Gold Corp's threat this week to freeze investments in Greece after years of frustrating and costly permit delays highlighted the risks the industry faces when it strays away from mining-friendly countries. From Indonesia and Tanzania to South Africa and Zambia, governments are demanding greater control over...

  • HALIFAX, Sept 13- Canada's Trade Minister flagged "troublesome" permit delays for Eldorado Gold Corp in a letter to the Greek Minister of Mines and Energy earlier this year, Francois-Philippe Champagne told Reuters on Wednesday. After meeting with the company at the Toronto mining conference in March, Champagne wrote to say that Canadian companies expect to be...

  • ATHENS, Sept 13- Greek police fired tear gas at dozens of Eldorado Gold workers rallying outside the energy ministry in Athens on Wednesday to protest against potential job losses after the Canadian company threatened to suspend investment at its Greek mines. Eldorado Gold Corp announced the possible suspension on Monday, blaming delays in getting permits,...

  • Sept 13- Australia's Newcrest Mining Ltd on Wednesday said it had restarted production at a second part of its flagship Cadia gold mine, which was damaged in an earthquake in April. Australia's largest independent gold miner said output had started in Cadia's' Panel Cave 1', with production there expected to return to normal levels by the end of next March.

  • *Greece says Eldorado must respect EU laws. ATHENS/ VANCOUVER Sept 11- Canada's Eldorado Gold Corp threatened on Monday to suspend investment at its Greek mines and development projects, blaming delays in getting permits for jeopardizing one of the biggest investments in Greece since the country's debt crisis. Eldorado said no additional investment would be...

  • MOSCOW, Sept 5- Russia's top gold producer Polyus said on Tuesday it had started commissioning its Natalka mine in the country's Far East, a project that is expected to help the firm lift its gold output by a third by 2019.. Commissioning of the Natalka plant, the largest in Russia with capacity to process 10 million tonnes of ore a year, was formally launched by...

  • MOSCOW, Sept 5- Russia's top gold producer Polyus said on Tuesday it had started commissioning its Natalka mine in the country's Far East, a project that is expected to help the firm lift its gold output by a third by 2019.. Commissioning of the Natalka plant, the largest in Russia with capacity to process 10 million tonnes of ore a year, was formally launched by...

  • Sept 4- The Perth Mint's sales of gold products slipped 2.3 percent in August from a month earlier, while silver sales fell to the lowest in a year, the mint said in a blog post on its website on Monday. The Perth Mint refines more than 90 percent of newly mined gold in Australia, the world's No. 2 gold producer after China. Gold prices climbed 1 percent to their highest in...

  • Sept 4- Avocet Mining said on Monday its subsidiary Societe des Mines de Belahouro, which operates the Inata gold mine in Burkina Faso, may file for insolvency after a loan repayment freeze with its creditors expired. In Burkina Faso, the company owns 90 percent of the Inata Gold Mine that produced 72,485 ounces of gold in 2016.. The West Africa- focused company...

  • Aerial view of a manganese mine, Serra do Navio, north of Macapa, State of Amapa, Brazil.

    A Brazilian court has suspended plans to dismantle an Amazonian national reserve twice the size of New Jersey and open the area up to mining.

  • TORONTO, Aug 29- Canada's main stock index rose on Tuesday, clawing back earlier losses after North Korea had fired a ballistic missile over northern Japan, as energy and gold mining shares gained ground. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 30.67 points, or 0.2 percent, at 15,082.7. Six of the index's 10 main groups ended...