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Materials and Metals Metals and Mining

  • The Park County Environmental Council and Greater Yellowstone Coalition sued the Montana Department of Environmental Quality and Lucky Minerals, Inc. in state district court in Montana's Park County. Lucky Minerals was given approval to drill on private land in the Absaroka Mountains to assess its prospects for mining of copper, gold, silver and...

  • Just two days before general elections in Europe's biggest economy, the demonstrators protested against up to 4,000 job cuts that will be made should the joint venture go ahead. Thyssenkrupp and Tata this week said they had signed a memorandum of understanding for a 50-50 joint venture that would create Europe's second-biggest steelmaker after...

  • TORONTO, Sept 22- Canada's main stock index was flat on Friday but on track for a 1.9 percent gain on the week as financial stocks pushed higher and a bid for bullion on rising tension between North Korea and the United States boosted gold miners. Gold prices recovered from a four-week low on a bid for safety as North Korea said it might test a hydrogen bomb over the...

  • FRANKFURT, Sept 22- Thyssenkrupp Steel and Tata Steel's plans to merge in Europe could enable them not just to cut costs but also raise prices, customers and shareholders say. The planned joint venture, announced on Wednesday, would create Europe's second-largest steel maker, with a market share of about 13 percent, according to data from the companies and the...

  • FRANKFURT, Sept 22- Thyssenkrupp Steel and Tata Steel's plans to merge in Europe could enable them not just to cut costs but also raise prices, customers and shareholders say. The planned joint venture, announced on Wednesday, would create Europe's second-largest steel maker, with a market share of about 13 percent, according to data from the companies and the...

  • BERLIN— Thousands of steelworkers have gathered in western Germany in a protest over the planned merger of the European steel operations of Thyssenkrupp and Tata Steel, which is expected to cost up to 4,000 jobs. Germany's top labor union leader, Reiner Hoffmann, accused Thyssenkrupp's management of failing to take account of employees' interests, while...

  • CONAKRY, Sept 21- Hundreds of rioters in the Guinean bauxite mining town of Boke burned down a police and a gendarmerie building on Thursday and clashed with security forces wielding batons, leaving 17 people injured, the local Red Cross said. Despite decades of mining, Guinea, Africa's top bauxite producer, remains one of the world's least developed countries.

  • SAO PAULO/ TORONTO, Sept 21- Brazil- based mining company Votorantim Metais Holding SA filed on Thursday for an initial public offering in New York and Toronto, to tap into a wide base of investors betting on a long-term recovery in zinc, copper, lead and silver prices. Reuters first reported the plan on April 10, and said on July 12 that the base metals producer- which...

  • TORONTO, Sept 21- Canada's main stock index inched higher on Thursday morning as gains for heavyweight banking stocks offset declines for gold and base metal miners hurt by the U.S. At 10:27 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was slightly higher, up 16.85 points, or 0.11 percent, at 15,406.45 as investors bought into financial stocks,...

  • LAUNCESTON, Australia, Sept 21- Iron ore prices are in retreat as the market starts to factor in realities that it has previously been happy to ignore in the euphoria of a strong rally. It's worth noting that the current slump was led by iron ore futures traded on China's Dalian Commodity Exchange, a market dominated by local investors, as opposed to the more...

  • ULAANBAATAR, Sept 21- A boom in the coal trade in Mongolia has helped elevate the country's benchmark stock index and pump the tiny exchange's market capitalisation to five-year highs as optimism about the economy grows following a bailout deal. Mongolia has helped fill a supply gap following Beijing's ban on imports from North Korea and some smaller ports, as...

  • HARARE, Sept 21- Zimbabwe's gold production rose 10 percent in the first eight months of this year to 14.6 tonnes, buoyed by higher output from small and informal producers, official data showed on Thursday. Gold is Zimbabwe's single largest mineral export. The central bank has said Zimbabwe could be losing up to $500 million through illegal gold exports.

  • ATHENS, Greece— A Canadian mining company that is one of Greece's largest foreign investors said Thursday it would not suspend operations in the country as it had threatened to do earlier this month, after starting a "constructive dialogue" with the government. Vancouver- based Eldorado Gold said it was in talks with Greece's Energy and Environment Ministry, and...

  • LAUNCESTON, Australia, Sept 21- Iron ore prices are in retreat as the market starts to factor in realities that it has previously been happy to ignore in the euphoria of a strong rally. It's worth noting that the current slump was led by iron ore futures traded on China's Dalian Commodity Exchange, a market dominated by local investors, as opposed to the more...

  • MELBOURNE, Sept 21- London metals came under pressure on Thursday after the Federal Reserved raised expectations of one more rate hike this year, lifting the dollar and raising prospects of higher costs for industrial metals. *LME COPPER: London Metal Exchange copper had slipped by 0.8 percent to $6,471 a tonne by 0150 GMT, following a slightly softer close in the...

  • Andrew Forrest, chairman, Fortescue Metals, says ending global slavery is possible now because it can be measured and dismantled.

  • **Germany's Thyssenkrupp and India's Tata Steel agreed on Wednesday to merge their European steel operations, creating the continent's No.2 steelmaker with revenues of 15 billion euros. **Japan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the...

  • **Germany's Thyssenkrupp and India's Tata Steel agreed on Wednesday to merge their European steel operations, creating the continent's No.2 steelmaker with revenues of 15 billion euros. **Japan's Toshiba Corp agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the...

  • *Expect annual synergies of 400 mln- 600 mln euros. *Thyssenkrupp will shift 4 bln euros in liabilities. ESSEN, Germany/ MUMBAI, Sept 20- Germany's Thyssenkrupp and India's Tata Steel agreed on Wednesday to merge their European steel operations, creating the continent's No.2 steelmaker with revenues of 15 billion euros.

  • LONDON, Sept 20- Volcan Investments, the family trust of the chairman of diversified miner Vedanta, on Wednesday said it was increasing its stake in Anglo American but did not intend to make a bid for the entire company. Anglo American declined to comment. Anil Agarwal has previously stated he has no plans to take over Anglo American, although his family trust is now...