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Metals and Mining Precious Metals and Mining

  • LONDON, Oct 10- Diamonds can at last be an investor's best friend, the Singapore Diamond Investment Exchange said on Tuesday, as it launched a new standardised form of the precious stones to rival gold ingots as a safe-haven alternative to cash. Diamond Bullion, produced by the Singapore Diamond Mint, is a collection of investment grade diamonds whose value can be...

  • LONDON, Oct 10- Diamonds can at last be an investor's best friend, the Singapore Diamond Investment Exchange said on Tuesday, as it launched a new standardized form of the precious stones to rival gold ingots as a safe-haven alternative to cash. Diamond Bullion, produced by the Singapore Diamond Mint, is a collection of investment grade diamonds whose value can be...

  • Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • Oct 9- Gold prices climbed to their strongest level in more than a week on Monday as renewed concerns over North Korea's nuclear ambitions stoked safe-haven demand for the precious metal and weighed on the dollar. 0705 GMT, after earlier touching $1,284.97, its highest level since Sept. 29. "This is really arbitrage driven, and the Chinese having come back and...

  • Oct 9- Gold prices rose early on Monday, pulling further away from a two-month low, as fresh concerns over North Korea's nuclear ambitions stoked safe-haven demand for the precious metal and weighed on the dollar. *North Korea's leader Kim Jong Un said his nuclear weapons were a "powerful deterrent" that guaranteed its sovereignty, state media reported on Sunday,...

  • LONDON, Oct 6- Lonmin's lenders have waived some of its debt covenants, allowing the platinum miner to buy the rest of its Pandora joint venture mine, the South African-focused producer said on Friday. London- listed shares in Lonmin jumped 11 percent to a near four-week high of 82 pence. Lonmin said in statement that the waiver of the net worth covenant runs from...

  • Oct 6- Platinum miner Lonmin Plc said on Friday it expects full-year sales to be slightly above its prior forecast. The company which is in the process of cutting costs and selling some assets, said it is exploring several initiatives and is currently progressing early stage discussions with a variety of parties. Lonmin also said it had received consent from its...

  • Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • BAMAKO, Oct 4- Mali has allowed informal gold mining to resume after a three-month suspension during which the government restructured the sector to capture more tax revenue, the mines minister said on Wednesday. Africa's third biggest gold producer behind South Africa and Ghana, Mali's informal mining sector has exploded in recent years and more than 1...

  • JOHANNESBURG, Oct 4- South Africa's mining lobby has rejected talks with the mining ministry over changes to the industry's charter, which include raising targets for black ownership, saying the matter will have to be settled in court. "We are of the view that engaging with the minister directly is not going to achieve a set of results for the industry that is...

  • Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • Oct 3- The Perth Mint's sales of gold products doubled in September from a month earlier, while silver sales surged 78 percent, the mint said in a blog post on its website on Tuesday. The Perth Mint refines more than 90 percent of newly-mined gold in Australia, the world's No. 2 gold producer after China. (Reporting by Arpan Varghese in Bengaluru; Editing by Sunil Nair).

  • MEXICO CITY, Oct 2- Protesters in northern Mexico blocked access for a fourth day on Monday to a gold mine operated by Canada's Goldcorp over a water dispute, a development that could hit the facility's production of the precious metal. The entrances to the Peñasquito mine have been occupied since Thursday by protesters who demand the company make good on a...

  • Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • JOHANNESBURG, Oct 2- South African mining company Sibanye-Stillwater said on Monday production has started three months ahead of schedule at its Montana- based Blitz project, boosting its platinum group metals production in the United States. "The operations continue to deliver as anticipated and first production from Blitz is more than three months ahead...

  • LONDON, Sept 27- African Gold Group and Hummingbird Resources on Wednesday said they had conditionally agreed on an $6.4 million deal for Hummingbird to operate the Kobada Gold Project in Mali. "Hummingbird provides us the financial capacity to develop the Kobada Gold Project and we are also gaining a partner with an operational presence in Mali," said Stephan...

  • *Palladium premium over platinum reaches $4.50/ oz. LONDON, Sept 27- Palladium hit price parity with its better-known sister metal platinum on Wednesday for the first time since 2001, as demand expectations for the two assets diverged. Spot palladium was at $919.50 an ounce at 1342 GMT, up 0.6 percent, while platinum was down 0.3 percent at $917.49 an ounce.

  • Sept 27- Gold inched lower on Wednesday, weighed down by a stronger dollar amid prospects for a December interest rate hike in the United States and ahead of the unveiling of a tax plan by Donald Trump's administration. Federal Reserve Chair Janet Yellen that the central bank needed to continue gradual rate hikes despite broad uncertainty about the path of...

  • *Spot gold rose 0.1 percent to $1,294.62 per ounce at 0108 GMT. *President Donald Trump warned North Korea on Tuesday that any U.S. military option would be "devastating" for Pyongyang, but said the use of force was not Washington's first option to deal with the country's ballistic and nuclear weapons program. *Sula Iron& Gold, a London- listed mining firm focused on...

  • *Bombardier up 6.1 percent at C $2.27. TORONTO, Sept 26- Canada's main stock index retreated broadly on Tuesday from its highest close in four months hit the previous session, as cooling commodity prices sent mining and oil stocks into retreat. Agnico Eagle Mines Ltd finished down 3.4 percent at C $56.78, while Barrick Gold Corp fell 1.3 percent at C $20.28.