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Metals and Mining Precious Metals and Mining

  • Oct. 24- Lithium-ion battery chemicals producer Wuxi Baichuan Chemical Industry Co. said it would acquire a 10 percent stake in lithium mining company Metalstech Ltd for A $1.8 million in a bid to ensure sufficient supplies for the development of its lithium battery business in future. Oct. 19- China's Jiangxi Special Electric Motor Co Ltd, which makes electric...

  • NEW YORK, Dec 7- Platinum's discount to fellow precious metal palladium reached its highest level since 2001 on Thursday, as the latter soared on heightened vehicle demand and an ongoing supply deficit. Palladium hit a high of $1,022.70 on Thursday, just off a 16- year high from last week, while platinum hit a low of $887.50 per ounce, putting it on track for its...

  • Commodities tomorrow:

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

  • LAUNCESTON, Australia, Dec 7- A proposed three-way deal between the Indonesian government, Rio Tinto and Freeport-McMoRan to clean up the ownership of the giant Grasberg copper-gold mine looks like one of those rare situations where everybody wins. In August Freeport agreed to sell 51 percent of its Indonesian unit to the government in order to meet the...

  • JOHANNESBURG, Dec 7- South Africa's AngloGold Ashanti said on Thursday it will increase production and extend the life of its joint venture mine in Western Australia, under its strategy to develop more cost-effective methods of mining. The expansion at Tropicana Gold Mine, a joint venture between AngloGold Ashanti which holds a 70 percent interest and...

  • LAUNCESTON, Australia, Dec 7- A proposed three-way deal between the Indonesian government, Rio Tinto and Freeport-McMoRan to clean up the ownership of the giant Grasberg copper-gold mine looks like one of those rare situations where everybody wins. In August Freeport agreed to sell 51 percent of its Indonesian unit to the government in order to meet the...

  • The Colorado- based miner, which had $3 billion in cash with $1.1 billion debt at the end of September, also issued an updated five-year outlook, with modestly higher gold production. "We're in a position to continue to invest in our future and focus on returns to shareholders," Chief Financial Officer Nancy Buese said via webcast from an investor update in New York.

  • TORONTO, Dec 6- Newmont Mining Corp said on Wednesday that it plans to boost its dividend by at least 50 percent in 2018, based on balance sheet improvements and the performance of its gold mines. The Colorado- based miner, which had $3 billion in cash with $1.1 billion debt at the end of September, also issued an updated five-year outlook that said it expects...

  • TORONTO, Dec 5- Canada's main stock index slipped on Tuesday, as banks pulled back at the end of their earnings season and one warned about mortgage originations while mining stocks also weighed with copper and gold prices hitting two-month lows. *The Toronto Stock Exchange's S&P/TSX composite index ended down 53.35 points, or 0.33 percent, to 15,915.68.

  • LONDON, Dec 5- Glencore has increased production of the metals used to make electric car batteries faster than its major mining rivals, according to an industry-wide analysis that shows the scale of a strategy that has big prospective risks and rewards. Electric vehicle metals account for roughly 50 percent of Glencore's core profit, more than double the...

  • Dec 4- The Perth Mint's sales of gold and silver products nearly halved in November from a month ago, the mint said in a blog post on its website on Monday. Sales of gold coins and minted bars dropped 46.43 percent to 23,901 ounces in November from 44,618 ounces a month ago, the mint said. The Perth Mint refines more than 90 percent of newly-mined gold in Australia, the...

  • WASHINGTON, Dec 1- The U.S. Environmental Protection Agency said on Friday it would not act on a proposal to require hardrock mining companies to show they can afford to clean up their sites. EPA is confident that modern industry practices, along with existing state and federal requirements address risks from operating hardrock mining facilities, EPA...

  • LONDON, Dec 1- Gold was steady on Friday as the dollar and stocks fell on a delay to U.S. tax reforms but the precious metal was still poised to end the week lower. Spot gold was barely changed at $1,274.86 an ounce at. "Tax reform would be negative for gold," said Commerzbank analyst Carsten Fritsch, "because this will lead to higher inflation and more Fed rate hikes."

  • TORONTO, Dec 1- Canada's main stock index edged higher on Friday as banks and energy companies gained with higher oil prices and surprisingly robust domestic jobs data, while gold mining stocks pulled back. *BlackBerry Ltd fell 2.2 percent to C $13.61 after agreeing to pay Nokia about $137 million in a contract dispute, while Barrick Gold Corp slipped 0.7 percent...

  • Commodities tomorrow:

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

  • *Sees growth in far west Australia. SYDNEY, Nov 30- Canada- based Kirkland Lake Gold listed its shares on the Australia bourse on Thursday after investing millions of dollars and joining dozens of other prospectors in a modern-day gold rush. Kirkland Lake expects to produce a quarter-million ounces of gold in 2017 from a mine it bought a year ago in eastern...

  • SYDNEY, Nov 30- Canada- based Kirkland Lake Gold will list its shares on the Australia bourse on Thursday after investing millions of dollars and joining dozens of other prospectors in a modern-day gold rush. Kirkland Lake expects to produce a quarter-million ounces of gold in 2017 from a mine it bought a year ago in eastern Australia and is also dipping a toe into...

  • TORONTO, Nov 29- Canada's main stock index ended lower on Wednesday, weighed down by losses among miners as copper and gold prices fell and a pullback in technology stocks led by ecommerce software company Shopify Inc.. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 61.92 points, or 0.39 percent, to 15,967.72.

  • JOHANNESBURG/ LONDON Nov 29- Troubled platinum producer Lonmin plans to cut spending on social and labour projects and freeze "non-critical" recruitment, part of an array of measures to save cash, according to an unpublished presentation reviewed by Reuters. Cutting expenditure on social and labour plans- called SLPs in South Africa- could be problematic as...

  • Workers use a furnace to melt gold during the casting of gold ingots at the Suzdal gold mine, operated by Nordgold NV, in Semey, Kazakhstan.

    Gold's trading activity has been unusually calm this year, but that may be about to change.