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Materials and Metals Metals and Mining

  • WASHINGTON, March 29- The U.S. Interior Department said on Wednesday that it would form a new committee to review royalty rates collected from oil and gas drilling and coal mining on federal lands to ensure taxpayers receive their full value. In January 2016, the administration of former Democratic President Barack Obama began a multiyear review of the federal...

  • WASHINGTON, March 29- The U.S. Interior Department said on Wednesday that it would form a new committee to review royalty rates collected from oil and gas drilling and coal mining on federal lands to ensure taxpayers receive their full value. In January 2016, the administration of former Democratic President Barack Obama began a multiyear review of the federal...

  • WASHINGTON, March 29- The U.S. Interior Department said on Wednesday that it would form a new committee to review royalty rates collected from oil and gas drilling and coal mining on federal lands to ensure taxpayers receive their full value. Interior Secretary Ryan Zinke said the committee would advise him on whether the government is getting a fair price from...

  • LONDON, March 29- Aluminium hit its highest level in nearly two years on Wednesday, supported by optimism that China would carry out plans to cut supply and by a rebound in the oil price. "As long as China follows through with this and takes its environmental concerns seriously, there is potential for aluminium to perform quite well," Nitesh Shah, a commodities...

  • *OECD figures show Iran a rising steel power. LONDON/ FRANKFURT, March 29- The European Commission has decided it will not impose provisional duties on hot-rolled steel from Brazil, Iran, Russia, Serbia and Ukraine, but could still find the countries have breached rules on unfair competition, industry sources said on Wednesday. Any decision not to impose duties on...

  • LONDON, March 29- Oil major BP expects its trading operations to benefit from growing global crude trade on the back of abundant U.S., Canadian and Brazilian production and rising energy demand in Asia, a top BP executive said. U.S. shale oil production using fracking technology has turned the world's largest oil consumer into an exporter of crude and products,...

  • SAO PAULO, March 29- Gerdau SA, the largest steelmaker in the Americas, has agreed to create a long steel joint venture in Colombia with Putney Capital Management amid efforts to cut debt and boost returns. Under terms of the venture, which were unveiled in a Wednesday securities filing, Porto Alegre, Brazil- based Gerdau will sell half of its stake in a Colombian mill,...

  • Three-month copper on the London Metal Exchange was flat at $5,873 a tonne by 1025 GMT, after hitting $5,927.50, its highest since March 20. *CHINA MANUFACTURING: Activity in China's vast manufacturing sector likely grew for an eighth straight month in March as a surprise rebound in the property market added to a construction boom, boosting sales of building...

  • MELBOURNE, March 29- London copper climbed to its highest in more than a week on Wednesday, buoyed by brighter data from the United States and expectations of seasonally improving second-quarter demand. *SHFE: Shanghai Futures Exchange copper was up 2.6 percent at 47,530 yuan a tonne. *CHINA MANUFACTURING: Activity in China's vast manufacturing sector likely...

  • *North Asia demand strong as Asia/Pacific output stalls. *North Asia sucks in coal from as far away as U.S., Colombia. SINGAPORE, March 29- Port disruptions in Indonesia and a cyclone hitting mines in Australia have tightened Asia's coal markets in March, while demand in China and other key import markets remains strong, lifting prices.

  • Panoramic view of Almaty city in Kazakhstan.

    China's ambitious One Belt, One Road initiative is already becoming a reality, a resources executive said Thursday.

  • 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 strike at Chile's Escondida, the world's largest copper mine, is ending.

  • Interior Secretary Ryan Zinke

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

  • 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.

  • 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.

  • Anil Agarwal, billionaire and owner of Vedanta Resources, pauses during a presentation in Cape Town, South Africa, on Tuesday, Feb. 7, 2017.

    Anil Agarwal's attempt to buy £2bn of shares in Anglo American will give him a major say in one of the world's top miners, the FT reports.

  • Outlook for copper is favorable: Antofagasta CEO

    Antofagasta CEO Iván Arriagada breaks down the key details from his company's latest earnings report, with comment on costs and commodities.

  • Antofagasta CEO: possible to work with labor unions

    Antofagasta CEO Iván Arriagada talks about working with labor unions and trying to improve productivity, with comment on Chilean mines.

  • Fairly positive on copper demand going ahead: Antofagasta CEO

    Antofagasta CEO Iván Arriagada talks about the company’s performance, with comment on his hopes for demand in 2017.