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Materials and Metals Metals and Mining

  • SYDNEY, April 5- BHP Billiton, the world's biggest shipper of coking coal, said on Wednesday it won't meet its export commitments from cyclone-struck northeast Australia, while hard running floodwaters threaten to delay repairs to rail lines. Landslides at a mountain pass on the railway connecting coking coal mines in Queensland state to ports have halted...

  • Coal smoke and steam vapor pour out of a power plant in Shippingport, Pennsylvania.

    When President Donald Trump signed an executive order last week to sweep away Obama-era climate change regulations, he said it would end America's "war on coal."

  • HANOI, April 5- Formosa Plastics Corp's steel mill in Vietnam has met environment ministry conditions to start test runs, state television said on Wednesday, a year after a toxic spill from the plant caused the country's worst environmental disaster. State-run Vietnam television VTV said the ministry announced the conclusion after a three-day inspection...

  • LAUNCESTON, Australia, April 5- The vast steel sectors of China, Japan and South Korea are bracing for surging coking coal prices after Cyclone Debbie wreaked havoc across the main mining areas of top producer Australia, but their worst fears may not be realized. Cyclone Debbie hit the northeastern state of Queensland last week as a Category Four storm, the...

  • WASHINGTON/ LOS ANGELES/ NEW YORK, April 5- When President Donald Trump signed an executive order last week to sweep away Obama-era climate change regulations, he said it would end America's "war on coal," usher in a new era of energy production and put miners back to work. Reuters surveyed 32 utilities with operations in the 26 states that sued former President...

  • *Spot gold may test resistance at $1,261.03- technicals. April 5- Gold prices held firm on Wednesday near a one-month high hit in the prior session, as appetite for riskier assets eased ahead of a meeting between leaders of the United States and China. "This reflects the market's uncertainty about the trend of the gold price in the near term," said Jiang Shu, chief...

  • MELBOURNE, April 5- London copper rallied on Wednesday as China returned from a two-day break to buy up metals following brighter global manufacturing reports, while zinc and nickel tracked a rally in steel. *SHFE COPPER: Shanghai Futures Exchange copper cut early losses to trade at 47,220 yuan a tonne, down 1.3 percent. *CHINA- US MEET: Although worried about the...

  • The geology's just right in Mongolia

    Peter Akerley, Erdene Resource Development, talks about the company's mining operations in Mongolia.

  • LIMA, April 4- Southern Copper should share more of its profits with workers in Peru to avoid an indefinite strike at its Toquepala and Cuajone mines starting on April 10, a union leader said on Tuesday. If confirmed, the strike would follow labor disruptions at Peru's biggest copper mine, Cerro Verde, and Chile's Escondida, the world's largest copper mine, earlier...

  • What's driving cobalt prices

    Matt Painter, CEO of Ardea Resources, says cobalt prices have climbed because of demand for electric vehicles and potential supply issues.

  • CALGARY, Alberta, April 4- A shutdown at the Syncrude oil sands facility in northern Alberta has curbed output from ConocoPhillips' Surmont plant, the U.S. company said on Tuesday, as the shortage helped push heavy Canadian crude prices to the narrowest discount in nearly two years. Canada produces around 4 million bpd and exports about 3.1 million bpd, almost...

  • SANTIAGO, April 4- The world's biggest copper producer Chile needs to adopt new technologies and improve labor and community relations in order to maintain its global standing, industry leaders said on Tuesday. This week Chile hosts the CRU World Copper Conference in Santiago, where the nation's declining ore grades and a dispute at its biggest mine, Escondida,...

  • CALGARY, Alberta, April 4- A production shutdown at the Syncrude oil sands facility in northern Alberta has impacted output from ConocoPhillips' Surmont thermal plant, helping push heavy Canadian crude prices to their narrowest discount in nearly two years. Western Canada Select heavy blend crude for May delivery last traded at $10.20 per day below the West...

  • JAKARTA, April 4- Indonesia has issued Freeport McMoRan Inc's local unit a temporary "special mining permit" allowing the miner to apply for a resumption of copper concentrate exports while the two sides negotiate longer-term mining rights. Freeport's shares rose 2 percent to $13.53 in New York. Indonesia stopped miners from exporting copper concentrate on...

  • CHICAGO, April 4- U.S. coal miner Peabody Energy Corp returned to the New York Stock Exchange on Tuesday after emerging from a year-long $8 billion Chapter 11 bankruptcy with far less debt and an industry champion in the White House. Shares in Peabody, the world's largest private-sector coal producer, were trading at $29.80 in late morning, down from an opening...

  • Melted gold flows out of a smelter into a mould of a one kilogram bar at a plant of gold refiner and bar manufacturer Argor-Heraeus SA in the southern Swiss town of Mendrisio.

    Gold prices rose Tuesday, continuing the decent gains seen in the first quarter.

  • TORONTO, April 4- Canada's main stock index advanced on Tuesday as gains in gold and oil prices helped boost the mining and energy sectors. Canadian Natural Resources Ltd added 0.4 percent to C $43.91, and Encana Corp gained 0.5 percent to C $15.69. At 10:02AM ET, the Toronto Stock Exchange's S&P/TSX composite index was up 13.74 points, or 0.09 percent, at 15,598.14.

  • ANKARA, April 4- Turkey is taking steps to give its central bank the right of first refusal on domestically produced gold, two sources said, allowing it to boost reserves of the precious metal without depleting foreign currency holdings. The International Monetary Fund has recommended that Turkey bolster its foreign reserves to shield itself from external...

  • LONDON, April 4- Zinc bounced after touching a three-week low on Tuesday as investors bet lacklustre demand would recover in top metals consumer China, while copper hit a one-week low. That's really the key to the outlook, "said Nicholas Snowdon, metals analyst at Standard Chartered in London. *ZINC: Benchmark London Metal Exchange zinc traded up 0.8 percent at...

  • JAKARTA, April 4- Indonesia has issued Freeport McMoRan Inc's local unit with a temporary "special mining permit" allowing the miner to apply for a resumption of copper concentrate exports while the two sides negotiate longer-term mining rights. Indonesia stopped miners from exporting copper concentrate on Jan. 12 under rules requiring Freeport to adopt a...