Metals Precious Metals and Mining

  • JOHANNESBURG, Feb 22- At least 15 mining firms in South Africa have received notices of strikes to be held next week in support of colleagues at Sibanye-Stillwater who downed tools over wages and job cuts, Minerals Council South Africa said on Friday. The Association of Mineworkers and Construction Union has been on strike at Sibanye's bullion operations...

  • Operations at Yanacocha, South America's largest gold mine, are a joint venture between Newmont Mining Corp., Minas Buenaventura and International Finance Corp.

    Canada's Barrick Gold is said to be considering a hostile bid for Newmont Mining for about $19 billion in stock.

  • JOHANNESBURG/ LONDON Feb 21- Workers led by South Africa's Association of Mineworkers and Construction Union plan to down tools at gold and platinum mines next week in support of colleagues at Sibanye-Stillwater who are striking over wages and job cuts. AngloGold Ashanti, Harmony Gold, Anglo American Platinum Lonmin, Village Main Reef and DRDGold have...

  • A stacker-reclaimer operates next to stockpiles of coal as a rainbow forms in a spraying jet of water at the Newcastle Coal Terminal in this aerial photograph taken in Newcastle, Australia.

    Glencore says it will not grow its coal output beyond current levels as it aims to align its business with efforts to battle climate change.

  • Feb 20- Canadian miner Barrick Gold outlined on Wednesday details of a deal it reached with the government of Tanzania to settle its disputes with Acacia Mining, including a $300 million payment to resolve tax claims in the country. Barrick's announcement confirms the 2017 deal which called for the creation of a local firm in Tanzania to manage Acacia's assets,...

  • Feb 20- Palladium hit a record high on Wednesday after breaking the $1,500 barrier for the first time due to tight supplies, while gold topped a 10- month peak on hopes of a U.S.- China trade truce. "There is a lack of supply in the market and demand is very high," said Afshin Nabavi, senior vice president at MKS SA, citing low supplies from major producers Russia and South...

  • Feb 20- Palladium briefly surpassed the $1,500 mark for the first time to touch a record high due to tight supplies and gold topped a 10- month peak on hopes of a U.S.- China trade truce, as investors awaited clarity on U.S. monetary policy. "There is a lack of supply in the market and demand is very high," said Afshin Nabavi, senior vice president at MKS SA, citing lack of...

  • Glencore headquarters in Baar, Switzerland, Sept. 30, 2015.

    Trading company Glencore said on Wednesday it would buy up to $3 billion worth of its shares as higher pricing and production boosted full-year adjusted core earnings by 8 percent.

  • *Spot gold was marginally lower at $1,339.61 per ounce as of 0021 GMT, having touched $1,341.78 per ounce in the previous session, its highest level since April 20. *Palladium rose 0.3 percent to $1,484.00 per ounce, within striking distance of $1,500 after it hit a record $1,485.50 on Tuesday on concerns about a sharp supply deficit. *British Prime Minister...

  • MILAN, Feb 19- Italy's tax police have carried out a seizure order for more than 700 million euros as part of a probe targeting the country's top four banks over alleged fraudulent diamond sales, two sources close to the matter said on Tuesday. Milan prosecutors have been investigating two diamond brokers and four banks-- Banco BPM with its Aletti unit, Intesa...

  • *Palladium peaks at $1,491/ oz, strongest on record. Spot palladium was up 1.3 percent at $1,476 per ounce by 1:15 p.m. EST, having earlier soared to an all-time high of $1,491. Adding to an already strained supply scenario for palladium, was the likelihood of an improvement in demand from the auto sector, given the expectations of a U.S.- China trade deal...

  • Feb 19- Palladium scaled a record peak to within striking distance of the $1,500 level on Tuesday fueled by a sharp supply deficit, widening its lead over gold by more than $150, even as bullion hit a 10- month high on a weaker dollar and global growth jitters. Spot palladium was up 0.7 percent at $1,467.62 per ounce at 11:35 am EST, having earlier soared to an...

  • Feb 19- Canada's main stock index inched higher on Tuesday, as shares of precious metal miners gained on the back of higher gold prices. *Investors will keep an eye on the latest round of trade talks between the United States and China in the hopes that the two countries will hammer out a deal to end their protracted tariff war. *At 9:41 a.m. ET, the Toronto Stock...

  • *Looks to sell interest in Cerro Vanguardia. JOHANNESBURG, Feb 19- South Africa's AngloGold Ashanti said on Tuesday it was putting its interests in an Argentine mine up for sale as it looks to focus on operations with a longer shelf life and ability to deliver higher returns. The bullion miner, which last year said it planned to sell its interest in its Sadiola mine...

  • *Palladium could climb further to $1,500/ oz- analyst. Feb 19- Palladium hit a record high on Tuesday, moving close to $1,500, due to a prolonged supply deficit, while gold rose to a near 10- month high as rising optimism for a U.S.- China trade deal subdued the dollar. Spot palladium, which traded as high as $1,491 per ounce, was up 1.5 percent at $1,479.49 at 1102 GMT.

  • JOHANNESBURG, Feb 19- South Africa's Association of Mineworkers and Construction Union on Tuesday called on its members at Sibanye-Stillwater's platinum operations to embark on a secondary strike over job cuts and wages.

  • *Palladium hits fresh high of $1,491/ oz. A new round of talks between Beijing and the United States to resolve their trade spat will take place in Washington later in the day, with follow-up sessions at a higher level in the course of the week. "If there is progress in trade talks there will be increasing appetite for emerging-market currencies, and the U.S. dollar...

  • The world's biggest miner BHP Group said on Tuesday its first-half profit fell 8 percent as copper earnings slumped because of declining ore quality at its Escondida mine and a number of production outages globally.

  • *Palladium hits fresh high of $1,475.5/ oz. A new round of talks between Beijing and the United States to resolve their trade spat will take place in Washington later in the day, with follow-up sessions at a higher level in the course of the week. "If there is progress in trade talks there will be increasing appetite for emerging-market currencies, and the U.S. dollar...

  • *Palladium peaks at $1,458/ oz, strongest on record. *Gold likely to retest $1,326 level again- analyst. Spot palladium rose to a peak of $1,458 per ounce, its highest on record, and was up 1.3 percent at $1,451 per ounce as of 1056 GMT.