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Metals and Mining Precious Metals and Mining

  • TORONTO, Aug 29- Canada's main stock index rose on Tuesday, clawing back earlier losses after North Korea had fired a ballistic missile over northern Japan, as energy and gold mining shares gained ground. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 30.67 points, or 0.2 percent, at 15,082.7. Six of the index's 10 main groups ended...

  • An employee in a lumber warehouse in Lynwood, California.

    Materials stocks have lagged this year, but Jefferies thinks there are enough reasons for the sector to outperform.

  • JOHANNESBURG, Aug 29- South Africa's rand broke past a key level on Tuesday, recovering for early concerns about North Korea's missile launch, while gold stocks rose in a generally lower session. "The problem with... catastrophe trade is that there is only a very small chance of a massive market event and a near certain chance that nothing will happen," said John Cairns,...

  • TORONTO, Aug 29- Canada's main stock index fell on Tuesday in tandem with global markets rattled by fresh tensions over North Korea after the reclusive state fired a ballistic missile over northern Japan into the sea. The test is one of the most provocative ever from North Korea and came as U.S. and South Korean forces conduct annual military drills in the region.

  • LONDON, Aug 29- ICE Benchmark Administration, a unit of Intercontinental Exchange, expects to begin operating the London Bullion Market Association silver benchmark on Sept. 25, subject to regulatory approval, ICE said on Tuesday. The LBMA selected ICE to run the LBMA Silver Price last month over a rival bid by the London Metal Exchange. The silver benchmark will...

  • *Next targets for spot gold at $1,337 and $1,375- analyst Palladium hits more than 16- year high. LONDON, Aug 29- Gold jumped to its highest since November on Tuesday as investors bought bullion as insurance against falling prices of other assets after North Korea tested a missile over Japan. "Funds and traders are filling their boots with gold at the moment and so...

  • London gold prices at extreme levels: Macquarie

    Vivienne Lloyd, senior base metals analyst at Macquarie, discusses the price of gold.

  • JAKARTA, Aug 29- Indonesia's mining minister said on Tuesday that the government has reached an agreement with Freeport-McMoRan Inc to allow the U.S. miner to apply for a permit to keep operating its giant Grasberg copper and gold mine in the country. Freeport, the world's biggest publicly traded copper company, can apply for an immediate 10- year permit...

  • *Toromont surges 11.1 percent on plans to buy Hewitt Group. TORONTO, Aug 28- Canada's main stock index was little changed on Monday as a decline in U.S. crude oil prices weighed on shares of companies in the energy sector, offsetting a gain in the gold-mining sector. U.S. crude oil prices fell 2.4 percent after Tropical Storm Harvey inflicted damage along the U.S. Gulf...

  • TORONTO, Aug 28- Canada's main stock index ended little changed on Monday as a decline in U.S. crude oil prices weighed on shares of companies in the energy sector, offsetting a gain in the gold-mining sector. The Toronto Stock Exchange's S&P/TSX composite index closed down 3.96 points, or 0.03 percent, at 15,052.03. Six of the TSX's 10 main groups fell.

  • MOSCOW, Aug 26- Russian diamond producer Alrosa said on Saturday it had called off the search for eight miners who went missing three weeks ago when an underground mine flooded. The state-run company's Mir mine in the remote Yakutia region of eastern Siberia flooded on Aug. 4 when water seeped in from an open-cast mine above it. "It is with a heavy heart that I have to...

  • Commodities tomorrow:

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

  • BRASILIA/ SAO PAULO, Aug 23- Brazil's government has abolished a vast national reserve, created in 1984, to open the area to commercial mineral exploration, according to a notice in the official government gazette on Wednesday. A decree from President Michel Temer published in the gazette dissolved the protected area, known as the National Reserve of Copper and...

  • BRASILIA/ SAO PAULO, Aug 23- Brazil's government has abolished a vast national reserve, created in 1984, to open the area to commercial mineral exploration, according to a notice in the official government gazette on Wednesday. A decree from President Michel Temer published in the gazette dissolved the protected area, known as the National Reserve of Copper and...

  • BRASILIA/ SAO PAULO, Aug 23- Brazil's government has abolished a vast national reserve, created in 1984, to open the area to commercial mineral exploration, according to a notice in the official government gazette on Wednesday. A decree from President Michel Temer published in the gazette dissolved the protected area, known as the National Reserve of Copper and...

  • BRASILIA/ SAO PAULO, Aug 23- Brazil's government has abolished a vast national reserve, created in 1984, to open the area to commercial mineral exploration, according to a notice in the official government gazette on Wednesday. A decree from President Michel Temer published in the gazette dissolved the protected area, known as the National Reserve of Copper and...

  • *Investors await Jackson Hole speeches by Yellen, Draghi. JOHANNESBURG, Aug 23- Gold prices edged up on Wednesday, with investors turning to the precious metal amid political uncertainty in the United States before a major central banking conference this week. "Gold's kind of hanging in there before this Jackson Hole meeting.

  • *Russia holds economic forum in Vladivostok on Sept 6-7. MOSCOW, Aug 23- Russia's top gold producer Polyus plans to start the smelter at its main greenfield Natalka deposit in Russia's Far East in early September, Alexander Galushka, Russia's development minister for the region, told Reuters. The launch will be announced at an annual economic forum taking place...

  • Commodities tomorrow:

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

  • *Investors watching U.S. military drills with South Korea. NEW YORK/ LONDON, Aug 22- Gold prices fell on Tuesday, pressured by the stronger U.S. dollar ahead of an annual meeting of central bankers this week, while palladium fell from its highest level since February 2001. Investors awaited speeches by European Central Bank President Mario Draghi and U.S.