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Materials and Metals Metals and Mining

  • *OPEC cuts began on Jan. 1 but stockpiles still climbing. OPEC has broadly met its commitments to reduce output, but non- OPEC producers have yet to fully deliver on pledged cuts and U.S. shale oil producers have been pumping more oil after crude prices recovered from last year's drop below $30. Oil ministers from OPEC and some non- OPEC states meet on Sunday in Kuwait,...

  • NEW YORK, March 23- Alex Trebek may be an American icon, but he hails from a little nickel-mining town in northern Ontario. A: I was a bellhop at the Nickel Range Hotel, where my father worked as a chef. The Monday I was supposed to start at 8 a.m., I had just been on a school trip on a Greyhound bus through Ottawa, Montreal and Quebec City.

  • NEW YORK, March 23- Alex Trebek may be an American icon, but he hails from a little nickel-mining town in northern Ontario. A: I was a bellhop at the Nickel Range Hotel, where my father worked as a chef. The Monday I was supposed to start at 8 a.m., I had just been on a school trip on a Greyhound bus through Ottawa, Montreal and Quebec City.

  • NEW YORK, March 23- Alex Trebek may be an American icon, but he hails from a little nickel-mining town in northern Ontario. A: I was a bellhop at the Nickel Range Hotel, where my father worked as a chef. The Monday I was supposed to start at 8 a.m., I had just been on a school trip on a Greyhound bus through Ottawa, Montreal and Quebec City.

  • NEW YORK, March 23- Alex Trebek may be an American icon, but he hails from a little nickel-mining town in northern Ontario. A: I was a bellhop at the Nickel Range Hotel, where my father worked as a chef. The Monday I was supposed to start at 8 a.m., I had just been on a school trip on a Greyhound bus through Ottawa, Montreal and Quebec City.

  • *Anglo American seeking to maximise diamond revenues. Analysts said the joint venture no longer fitted LVMH's strategy, while Anglo American, which has long dominated global rough diamond sales, has been developing its presence on the high-margin diamond retail market. Anglo American, which along with other mining companies has largely recovered from a deep...

  • LONDON, March 23- Liberty House, the industrial and commodities group that is buying up steel assets around the world, is considering investing in the troubled Italian Piombino mill as the global market picks up from a slump, two sources close to the matter said. The mill is owned by Algeria's Cevital Group, which has approached British financier Sanjeev Gupta,...

  • Spot iron ore fell to $84.99 a tonne on Wednesday, down 10.4 percent since its peak this year of $94.86, reached on Feb. 21, although it is still up 7.7 percent so far this year. The most-actively traded iron ore futures contract on the Dalian Commodity Exchange fell to 677.5 yuan a tonne on Wednesday, a drop of 6.9 percent since its peak so far this year of 727.5 yuan on...

  • *SHANGHAI COPPER: Shanghai Futures Exchange copper rose 0.6 percent to 47,180 yuan a tonne. Zinc premiums fell $10 to $105- $115, the lowest since August 2015, while Shanghai copper premiums have fallen to around $45, traders and analysts said, the lowest in around a year. *SHANGHAI STOCKS: Shanghai bonded copper stocks are about 620,000 tonnes, according to CRU, up...

  • Spot iron ore fell to $84.99 a tonne on Wednesday, down 10.4 percent since its peak this year of $94.86, reached on Feb. 21, although it is still up 7.7 percent so far this year. The most-actively traded iron ore futures contract on the Dalian Commodity Exchange fell to 677.5 yuan a tonne on Wednesday, a drop of 6.9 percent since its peak so far this year of 727.5 yuan on...

  • LIMA, March 22- A railway used by copper, zinc and silver mines to transport concentrates from Peru's central Andes to port is likely be out of action for at least two to three weeks following deadly floods and mudslides, a minister said on Wednesday. Even after the railway resumes operations, exports from the port of Callao near Lima could be delayed by two to three...

  • *SHANGHAI COPPER: Shanghai Futures Exchange copper rose 0.6 percent to 47,150 yuan a tonne. *PERU: A railway used by copper, zinc and silver mines to transport their concentrates from Peru's central Andes to port is likely be out of action for at least two to three weeks following "important" damage from floods and mudslides, the transportation minister said on...

  • BOGOTA, March 22- Colombia could produce at least 95 million tonnes of coal in 2017, below an initial target of 102 million tonnes, the mining vice-minister said on Wednesday. "The country's great potential in coal is reflected in the close to 6 billion tonnes of reserves and a potential of 16 billion tonnes," Carlos Cante, vice-minister of mining and energy, told a...

  • March 22- No meetings are planned between management and striking workers at Noranda Income Fund's zinc refinery in Quebec, the second biggest in North America, a union official said on Wednesday, as the work stoppage dragged through a sixth week. The two sides last met, along with a mediator, on March 3 but failed to break an impasse over proposed changes to the...

  • TORONTO, March 22- Canadian miner Royal Nickel Corp is teaming up with private equity firm Waterton Global Resource Management to buy, develop and operate undervalued nickel assets, the companies said on Wednesday. The venture will have $35 million to acquire nickel mines and projects, said the companies, and Waterton will pay $22.5 million for a 50- percent...

  • Interior Secretary Ryan Zinke

    The United States appears to be backing away from another global effort to reduce corruption connected to drilling and mining.

  • TORONTO, March 22- Canada's main stock index fell on Wednesday as weakness in oil prices weighed on the energy sector, offsetting modest strength in gold-mining shares. Suncor Energy Inc gave back 0.4 percent to C $40.38, and TransCanada Corp was down 0.3 percent at C $60.92. U.S. crude prices were down 1.2 percent to $47.67 a barrel, while Brent crude lost 1.3...

  • JAKARTA/ SINGAPORE, March 22- Indonesia is cracking down on corruption and widespread graft at some of its top coal export hubs, disrupting shipments to destinations across Asia. Police initially raided four port facilities, including the Samudra Sejahtera Stevedores Cooperative office, a Transportation Ministry statement said, based on allegations of "...

  • JAKARTA/ SINGAPORE, March 22- Indonesia is cracking down on corruption and widespread graft at some of its top coal export hubs, disrupting shipments to destinations across Asia. Police initially raided four port facilities, including the Samudra Sejahtera Stevedores Cooperative office, a statement from the Transportation Ministry said, based on...

  • BEIJING, March 22- China's top power groups are lobbying the local government in the western region of Ningxia to require their main thermal coal supplier to cut prices as they are bleeding cash due to surging coal costs and falling power prices, two sources said. Seven of China's largest electricity generators including the Ningxia subdivision of China...