×

Materials and Metals Metals and Mining

  • prices@ SAO PAULO, March 21- Brazilian stocks fell sharply on Tuesday as traders feared widening corruption investigations could hamper government efforts to balance its budget. The 14 search and seizure warrants were based on information provided by executives of engineering conglomerate Odebrecht SA. Traders worry that the investigations could make it...

  • LONDON, March 21- London bankers are vying for contracts after Rio Tinto said it had set up a new unit, Rio Tinto Ventures, to develop more specialized mining prospects as it seeks to reduce its reliance on bulk commodities, three banking sources said. Rio Tinto last month said Rio Tinto Ventures was seeking to identify projects aligned with its analysis of such...

  • TORONTO, March 21- Canada's main stock index barely rose on Tuesday as some heavyweight banking stocks and miners notched gains and Ivanhoe Mines Ltd jumped after announcing a copper deposit discovery. The world's largest gold producer said a World Bank arbitration tribunal had ruled in favor of it and joint venture partner Antofagasta plc over a copper...

  • OTTAWA, March 21- Canada's government, under pressure from domestic steel firms, is expressing concern to U.S. officials about a proposed Buy America policy that could cause heavy Canadian job losses, people familiar with the discussions told Reuters. Commerce Secretary Wilbur Ross in their first conversation on March 9 and underscored worries about...

  • LONDON, March 21- Copper hit a one-week low on Tuesday as talks to resolve a strike at the world's biggest copper mine in Chile were set to resume and as another huge mine in Indonesia restarted production. The metal had earlier touched $5,781, its lowest since March 14. BHP Billiton's Escondida mine in Chile said it.

  • LONDON, March 21- Copper hit a one-week low on Tuesday as talks to resolve a strike at the world's biggest copper mine in Chile were set to resume and as a giant copper mine in Indonesia restarted production. China is growing reasonably strongly but this is as good as it gets and we will be slowing over the course of the year, "said Caroline Bain, senior commodities...

  • MELBOURNE, March 21- London copper prices dropped on Tuesday to their lowest in a week after unions and miner BHP Billiton said they would hold further talks that could lead to the restart of production at the world's biggest copper mine. *SHFE: Shanghai Futures Exchange copper was down 1.6 percent at 47,290 yuan a tonne. *NICKEL: The global market for refined nickel...

  • Haul trucks and other heavy machinery stand at Freeport McMoRan's Grasberg copper and gold mining complex in Papua province, Indonesia, on Wednesday, April 22, 2015.

    Freeport McMoRan's Indonesian unit has resumed production of copper concentrate at its giant Grasberg mine.

  • MELBOURNE, March 21- London copper prices dropped on Tuesday on hopes unions and miner BHP Billiton would hold further talks that could lead to the restart of output at the world's biggest copper mine. *NICKEL: The global market for refined nickel started the year with a 1,100- tonne deficit in the month of January due to robust demand growth from Asia and the...

  • NEW YORK, March 20- Electricity company Dayton Power& Light said on Monday it would shut down two coal-fired power plants in southern Ohio next year for economic reasons, a setback for the ailing coal industry but a victory for environmental activists. The closure follows negotiations between Dayton Power& Light, the Public Utilities Commission of Ohio and...

  • NEW YORK, March 20- Electricity company Dayton Power& Light said on Monday it would shut down two coal-fired power plants in southern Ohio next year for economic reasons, a setback for the ailing coal industry but a victory for environmental activists. The closure follows negotiations between Dayton Power& Light, the Public Utilities Commission of Ohio and...

  • TORONTO, March 20- Canada's benchmark stock index edged higher on Monday, helped by gold miners as bullion rose and a surge in acquisition target Dominion Diamond Corp, with gains muted by financial stock declines and energy companies weighed by lower oil prices. Dominion shares jumped 22.6 percent to C $16.19 after Washington Companies said on Sunday it had...

  • While mining will make a bigger overall contribution to the economy once the services it consumes and the employment it provides are factored in, it's likely true that the Philippines can live without a mining sector. But can nickel markets live without the Philippines, particularly China, the destination of the bulk of the Philippines' exports of unrefined...

  • MELBOURNE, March 20- London copper slipped on Monday on jitters that Beijing would set down tougher measures to cool its housing sector, although trade was thin as markets digested the results of a meeting of G20 financial leaders. *SHANGHAI COPPER: Shanghai Futures Exchange copper was barely changed at 47,920 yuan a tonne. *SHANGHAI STOCKS: ShFE zinc stocks...

  • While mining will make a bigger overall contribution to the economy once the services it consumes and the employment it provides are factored in, it's likely true that the Philippines can live without a mining sector. But can nickel markets live without the Philippines, particularly China, the destination of the bulk of the Philippines' exports of unrefined...

  • Miners of the Escondida copper mine, on strike, block a road outside of Escondida, some 145 km northeast of Antofagasta, Chile, on March 8, 2017.

    The union called the fresh offer from management to end the strike "manipulative."

  • 'Absolutely' no concerns about China: Rio Tinto CEO

    Jean-Sebastien Jacques, CEO of Rio Tinto, says he isn't worried about the Chinese economy in 2017 even amidst ongoing restructuring.

  • St. Louis- based Peabody, the world's largest private-sector coal producer, owns mines in Australia and the United States and supplies the global market with the metallurgical coal used in steelmaking and the thermal coal used to generate electricity. In the environmental settlement, the Department of Justice was negotiating on behalf of the Environmental...

  • BEIJING, March 18- China should not be singled out in a fight against excess steel capacity that requires stronger global cooperation, Wang Shouwen, a vice commerce minister, said on Saturday. "When we are talking about overcapacity in the steel sector, China should not be singled out. President Donald Trump's choice for top U.S. trade negotiator on Tuesday pledged...

  • LONDON, March 17- Copper rose on Friday and posted its biggest weekly gain since mid-February in response to a weak U.S. dollar and ongoing mine supply concerns, while tin clocked its largest weekly gain in a year. Striking workers at Chile's Escondida, the world's biggest copper mine, are blocking attempts by owner BHP Billiton to renew operations at a major port...