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Materials and Metals Metals and Mining

  • UBS recommends Caterpillar shares, citing positive results from a firm survey of the industry's capital spending plans.

  • 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...

  • WASHINGTON, Sept 18- The head of Department of the Interior called for changes to 10 U.S. monuments that would lift restrictions on activities such as logging and mining, and shrink the footprints of at least four of the sites, the Washington Post reported. Interior Department spokeswoman Heather Swift referred questions about the report to the White House.

  • CONAKRY, Sept 18- Bauxite production in the Guinean mining hub of Boke resumed on Monday after deadly riots over electricity cuts had interrupted deliveries since Friday, companies and government officials said. Operations of the Societe Miniere de Boke, owned by China's Winning Shipping Ltd and Shandong Weiqiao, UMS International Ltd and the Guinean state,...

  • WASHINGTON, Sept 18- The head of Department of the Interior called for changes to 10 U.S. monuments, lifting restrictions on activities such as logging and mining, and shrinking the footprints of at least four of the sites, the Washington Post reported. "The Trump Administration does not comment on leaked documents, especially internal drafts which are still...

  • WASHINGTON, Sept 18- The head of the U.S. Department of the Interior urged President Donald Trump to lift restrictions on activities such as logging and mining in or to shrink the footprints of 10 national monuments, according to the Washington Post. Representatives for the Interior Department and the White House did not immediately respond to requests for...

  • 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...

  • The ruling by the 10th U.S. Circuit Court of Appeals will require the U.S. Bureau of Land Management to provide more data to support its argument that coal makes no net contribution to climate change after it's burned in power plants. And we're certainly going to be wielding this and using it to confront other mining approvals both in the Powder River Basin and...

  • *Greece concludes licensing for Olympias mine development. ATHENS/ TORONTO, Sept 15- Greece granted Eldorado Gold Corp two remaining permits on Friday for its Olympias mine, the government's latest attempt to defuse a standoff with the Canadian miner, which has threatened to suspend investment in the country. After Eldorado warned on Monday that it could halt...

  • TORONTO, Sept 15- Canada's main stock index were flat on Friday as declines in energy and mining stocks offset gains in other sectors, led by consumer discretionary and consumer staples companies. At 10:26 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index fell 12.77 points, or 0.08 percent, to 15,159.95. Wheaton Precious Metals Corp fell 1.5 percent...

  • JOHANNESBURG, Sept 15- PPC, South Africa's biggest cement producer, said on Friday it expected Canada's Fairfax Africa Investments to raise its 9.2 billion-rand takeover offer. The all-share offer from AfriSam and Fairfax on Sept. 4 valued PPC shares at 5.75 rand but expectations of a higher bid, either from Fairfax or others such as Nigeria's Dangote Cement,...

  • BEIJING, Sept 15- Russia's Norilsk Nickel has boosted its trading team in China as it prepares to start up a copper, iron and gold mine in the far east of Russia, the world's second-largest nickel producer told Reuters. It also comes as copper prices remain elevated by concerns about capacity cuts in China, the world's top consumer, even as demand growth slows.

  • 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...

  • *Dangote Cement interested in acquiring all of PPC's shares. JOHANNESBURG, Sept 14- Africa's richest man Aliko Dangote has joined the race to buy South African cement maker PPC, which is already the subject of a takeover bid valuing the company at $700 million. Dangote Cement, which is controlled by Dangote and is the biggest cement maker in Africa with a capacity...

  • TORONTO, Sept 14- Canada's main stock index rose slightly in early trade on Thursday, helped by energy stocks as oil prices rallied, while mining companies weighed as copper and other base metals prices fell. The Toronto Stock Exchange's S&P/TSX composite index was up 11.52 points, or 0.08 percent, at 15,138.33. Six of its 10 main sectors were lower.

  • ATHENS, Greece— The Greek government entered a process of arbitration with a Canadian gold mining company on Thursday, days after the company threatened to suspend its investments in the country over what it said were delays in the issuing of permits. Vancouver- based Eldorado Gold had on Monday threatened to suspend all investments in Greece on Sept. 22 and...

  • BEIJING— At least nine people have been killed and nine others trapped in mining and tunnel building accidents in China, state media reported Thursday. Nine miners were killed in a gas explosion deep inside a shaft on Wednesday afternoon in the northeastern province of Heilongjiang, the official Xinhua News Agency reported. Separately, Xinhua said nine...

  • BEIJING, Sept 14- China's non-ferrous metal output fell to a one-year low in August, in a sign that Beijing's environmental crackdown is curbing supplies of base metals, with aluminium also hit by efforts to rein in output. "I think it is definitely related to the crackdown on production that will pollute the environment," said Helen Lau, an analyst at Argonaut...