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Materials and Metals Metals and Mining

  • FRANKFURT, Oct 4- German minerals miner K+ S will rule out a separate listing of its salt activities, owner of the Morton Salt brand, when it unveils the results of a strategic review on Monday, a person familiar with the company's thinking said. Chief Executive Officer Burkhard Lohr has continued a company review started by his predecessor Norbert Steiner, who...

  • FRANKFURT, Oct 4- German minerals miner K+ S will rule out a separate listing of its salt activities, owner of the Morton Salt brand, when it unveils the results of a strategic review on Monday, a person familiar with the company's thinking said. Chief Executive Officer Burkhard Lohr has continued a company review started by his predecessor Norbert Steiner, who...

  • BAMAKO, Oct 4- Mali has allowed informal gold mining to resume after a three-month suspension during which the government restructured the sector to capture more tax revenue, the mines minister said on Wednesday. Africa's third biggest gold producer behind South Africa and Ghana, Mali's informal mining sector has exploded in recent years and more than 1...

  • JOHANNESBURG, Oct 4- South Africa's mining lobby has rejected talks with the mining ministry over changes to the industry's charter, which include raising targets for black ownership, saying the matter will have to be settled in court. "We are of the view that engaging with the minister directly is not going to achieve a set of results for the industry that is...

  • *Premium for cash zinc over 3- mth around $50 a tonne. LONDON, Oct 4- Zinc prices hit their highest in more than 10 years on Wednesday as tight supplies created by mine closures and healthy demand from top consumer China boosted sentiment. ENVIRONMENT: China has pledged to cut average concentrations of airborne particles known as PM2.5 by more than 15 percent...

  • SYDNEY, Oct 4- Nickel and zinc led most base metals higher on Wednesday, building on overnight gains amid mounting supply concerns in China. "The more China reduces what it can produce at home, the more it will need to import, simple as that," a trader in Perth said. *SHFE CLOSED: Shanghai Futures Exchange is closed for a week-long public holiday in China.

  • SYDNEY, Oct 4- Nickel and zinc led most base metals higher on Wednesday, building on overnight gains amid mounting supply concerns in China. "The more China reduces what it can produce at home, the more it will need to import, simple as that," a trader in Perth said. *SHFE CLOSED: Shanghai Futures Exchange is closed this week to observe national holidays in China.

  • *The White House has celebrated the growth in domestic gas production and associated reduction in greenhouse emissions but also wants to rescue coal and nuclear producers. *The White House wants cheap electricity for households and manufacturing companies but needs higher prices in the power market to support coal-fired and nuclear power plants.

  • MUMBAI, Oct 3- India's Adani Enterprises Ltd aims to tie-up financing for its Carmichael coal mine project in Australia by March 2018, a senior company executive told Reuters, adding it would look to sell a minority stake in the project to help raise funds. Adani's planned project in north-east Australia has been delayed for years as opposition from...

  • *Metal driven high by China, shortage. Oct 3- Miner and commodities trader Glencore has agreed to buy a further stake worth at least $531 million in Peru's largest zinc miner, Volcan Compañia Minera SAA, the company said on Tuesday. The price of zinc hit 10- year highs for a second day on Tuesday as worries over production outages in China pushed up prices.

  • *The White House has celebrated the growth in domestic gas production and associated reduction in greenhouse emissions but also wants to rescue coal and nuclear producers. *The White House wants cheap electricity for households and manufacturing companies but needs higher prices in the power market to support coal-fired and nuclear power plants.

  • *The White House has celebrated the growth in domestic gas production and associated reduction in greenhouse emissions but also wants to rescue coal and nuclear producers. *The White House wants cheap electricity for households and manufacturing companies but needs higher prices in the power market to support coal-fired and nuclear power plants.

  • LONDON, Oct 3- Zinc hit 10- year highs for a second day on Tuesday, reversing earlier losses, as worries over production outages in China pushed up prices, while London Metal Exchange inventories posted another decline. Prices of the grey metal used in galvanizing steel rose for a fourth straight session as speculators bet environmental inspections would hit...

  • Oct 3- The Perth Mint's sales of gold products doubled in September from a month earlier, while silver sales surged 78 percent, the mint said in a blog post on its website on Tuesday. The Perth Mint refines more than 90 percent of newly-mined gold in Australia, the world's No. 2 gold producer after China. (Reporting by Arpan Varghese in Bengaluru; Editing by Sunil Nair).

  • SYDNEY, Oct 3- London copper and zinc prices eased on Tuesday after starting the week firmer, with investors taking profits in holiday-thinned trading in Asia. Commodities traders said the week-long absence of trading on the Shanghai Futures Exchange due to China's National Day break could drag on less actively traded London Metal Exchange contracts in...

  • SYDNEY, Oct 3- London copper and zinc prices eased on Tuesday after starting the week firmer, with investors taking profits in holiday-thinned trading in Asia. Commodities traders said the week-long absence of trading on the Shanghai Futures Exchange due to China's National Day break could drag on less actively traded London Metal Exchange contracts in...

  • MEXICO CITY, Oct 2- Protesters in northern Mexico blocked access for a fourth day on Monday to a gold mine operated by Canada's Goldcorp over a water dispute, a development that could hit the facility's production of the precious metal. The entrances to the Peñasquito mine have been occupied since Thursday by protesters who demand the company make good on a...

  • LONDON, Oct 2- Zinc prices hit their highest in over 10 years on Monday as speculators bet environmental inspections would hit output in China and as one party kept a tight grip on London Metal Exchange inventories. Zinc was the top performer on the LME on Monday with three month futures touching a high of $3,248 a tonne, the strongest since August 2007.

  • LONDON, Oct 2- Lead climbed to the highest levels in 10 months on Monday as an environmental crackdown in China to curb pollution and a halt to imports from North Korea led to shortages. Not only were 60 percent of lead-zinc mines undergoing month-long shutdowns during environment inspections in Sichuan province, but United Nations sanctions on North Korea has...

  • TORONTO, Oct 2- Canada's main stock index rose on Monday as broad gains led by its heavyweight financial components offset the weight of energy stocks' retreat with lower oil prices. Jean Coutu Group gained 1.8 percent to C $24.74 after grocery company Metro Inc said it would buy the pharmacy chain for C $24.50 a share. At 10:07 a.m. ET, the Toronto Stock Exchange's...