Base & Precious Metals News

Oct 20 - Barrick strikes deal with Tanzania to settle tax dispute 

Barrick Gold said on Thursday that its African subsidiary Acacia Mining would pay $300 million and split 'economic benefits' from operations with Tanzania under a deal proposed to resolve a months-long dispute. Earlier on Thursday, Barrick Chairman John Thornton told a news conference in Dar es Salaam that the company had agreed to pay Tanzania $300 million as a show of good faith. It clarified in a statement later that its unit Acacia would make the payment. Click here to read full stories.

Oct 20 - BHP presents united front against activist Elliott 

The new chairman of BHP, the world's biggest miner, threw his weight behind his CEO on Thursday after attacks from activist investor Elliott Advisors prompted speculation that the end of Andrew Mackenzie's tenure was imminent. Pressure has mounted on BHP and its chief executive since Elliott went public in April with its criticisms of the miner's strategy.  Click here to read full stories.

Oct 20 - Japan govt wants to get actively involved in Kobe Steel issue - trade minister 

The Japanese government wants to get actively involved in the issue of Kobe Steel's data fabrications, Hiroshige Seko, the minister of economy, trade and industry, said on Friday, as the company's widespread misconduct has sent a chill along global supply chains. Kobe Steel, Japan's third-biggest steelmaker, admitted earlier this month that it had falsified specifications on the strength and durability of its products. The falsifications stretch back for more than 10 years, a senior executive told Reuters.  Click here to read full stories.

Oct 20 - Alumina shortages to increase as Chinese crackdown bites 

Shortages of alumina, the raw material for producing aluminium, may become more severe in the coming months as an environmental crackdown in China is due to shut capacity, forcing smelters to scramble for supplies and pushing up prices. Alumina prices have already shot up 73 percent since May and could see further gains, but they are likely to ease early next year as Chinese refineries resume output again following the winter shutdowns at the same time new operations elsewhere ramp up. Click here to read full stories.

Oct 20 - Glencore gains approval to buy into Rusal's Ukrainian alumina plant 

Ukraine's anti-monopoly committee has given commodities trader Glencore the green light to take a stake in Ukraine's Mykolaiv plant, the second-largest alumina asset of Russia's Rusal. The decision means Glencore can acquire shares in Aluminium of Ukraine and Guardon Ukraine, which own the Mykolaiv plant and are themselves controlled by Rusal, one of the world's largest aluminium producers. Click here to read full stories.

Oct 20 - Brazil's Vale reports record iron ore output in Q3 

Brazil's Vale SA, the world's largest iron ore producer, said on Thursday its production in the third quarter hit a fresh quarterly record, boosted by a ramp-up at its S11D mine. Iron ore output rose 3.3 percent compared with the same period last year to 95.1 million tonnes, the company said, spurred by record quarterly production in Vale's so-called northern system, which includes the Carajas, Serra Leste and S11D mines in the state of Para. Click here to read full stories.

Oct 20 - Jiangxi Special Electric plans to take stake in Australian lithium miner

China's Jiangxi Special Electric Motor Co Ltd said on Thursday it planned to buy stake in an Australian lithium mining and exploration company, the latest electric vehicle company to scoop up supplies of raw materials. Jiangxi, which makes electric vehicles and lithium batteries, said its German division had agreed to pay A$20 million ($15.72 million) for an 11.45-percent stake in Tawana Resources NL. Click here to read full stories.

Oct 19 - China steel output slips from record as smog war bites; further drop seen 

China's steel output dropped in September from a record high the previous month as mills in the world's top producer cut production in line with Beijing's campaign for clearer skies, pointing to further drops as winter curbs set in. Crude steel output hit 71.83 million tonnes in September, the lowest since February and down from 74.59 million tonnes in August, National Bureau of Statistics data showed on Thursday. September's average daily output was 2.39 million tonnes, down 0.8 percent from August, according to Reuters' calculations. Click here to read full stories.

Oct 19 - Zinc's bull narrative blurred by fog of LME spreads war: Andy Home 

Zinc hit a 10-year price peak of $3,308.75 a tonne on the London market this month but on Wednesday London Metal Exchange (LME) three-month metal touched a low of $3,040 after a precipitous 3.1 percent slide the previous day. With further upside barred by profit-takers and producers' forward selling, investors have scrambled for the exit. Click here to read full stories.

Oct 19 - Russia's Evraz could mitigate impact of U.S. steel import tariffs - CFO 

Russian steel and mining company Evraz could mitigate the impact of U.S. steel import tariffs if they are imposed by re-routing exports to other markets, the firm's chief financial officer said on Wednesday. Evraz, listed on the London Stock Exchange, is Russia's second biggest steel producer and its largest coking coal producer. Click here to read full stories.

Oct 19 - Too early to discuss consolidation involving Kobe Steel -Nippon's Mimura 

It is too early to talk about any industry consolidation involving Kobe Steel Ltd as the impact of its long-standing practice of data fabrication is still unknown, a former top executive at Japan's Nippon Steel Corp said. Akio Mimura, speaking to reporters as the chairman of the Japan Chamber of Commerce and Industry, said he wanted to hear Kobe Steel's own take on the scandal first, including how it views the impact on management, before giving any opinion on a potential realignment in the industry. Click here to read full stories.

Oct 19 - Scotiabank mulls sale of gold trading unit - sources 

Canada's Bank of Nova Scotia is exploring options for its gold business ScotiaMocatta, including a possible sale of the world's oldest gold trader, three sources familiar with the matter said on Wednesday. The Financial Times reported earlier on Wednesday that Scotiabank had made a decision to sell the business following a massive money laundering scandal centered on a U.S. refinery that involved smuggled gold from South America. It said JP Morgan had been appointed to oversee the sale. Click here to read full stories.

Oct 19 - Brazil miner Vale seals share conversion, elects new board members 

The remaining preferred shareholders of Brazil's Vale SA on Wednesday voted to accept a plan obliging them to convert their shares into a single stock class, finalizing a process that is part of the miner's bid to improve corporate governance. The move was approved by the remaining preferential shareholders in a special meeting for their class of stock on Wednesday afternoon. Click here to read full stories.

Oct 19 - Polish miner JSW considers bond issues to finance rise in coking coal output 

Polish miner JSW, the EU's biggest producer of coal for steelmaking, could issue bonds in the United States and on the domestic market at the start of 2018 as it plans to increase investment and output, the company's chief executive said. The state-run company nearly collapsed in 2015 on a slump in coking coal prices. But thanks to a restructuring and a rebound in prices it booked a net profit of 1.43 billion for the first half of 2017, beating analysts' expectations. Click here to read full stories.

Oct 19 - Anglogold Ashanti to raise $307 mln with South African mine sales 

South Africa's Anglogold Ashanti is to sell its newest mine to Harmony Gold for $300 million and another mine for 100 million rand ($7.4 million) to China's Heaven-Sent SA Sunshine Investment Company, the company said on Thursday. Anglogold, after suffering heavy losses in its home market, said in June it would restructure its South African mines which could see 8,500 workers, around 30 percent of its workforce, laid off. Click here to read full stories.

Oct 19 - South32 1st-quarter manganese ore output jumps on strong demand 

Australia's South32 Ltd, the world's No. 1 producer of manganese ore, said on Thursday that first-quarter output for the metal rose 11 percent from a year ago, helped by strong market demand. The miner said it was taking advantage of strong market conditions by maintaining its South African manganese ore sales at a rate of 3.5 million tonnes a year. Click here to read full stories.

Oct 18 - U.S. SEC charges Rio Tinto, former top executives with fraud 

The U.S. Securities and Exchange Commission (SEC) on Tuesday charged mining company Rio Tinto Plc and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique and concealed critical information while tapping the market for billions of dollars. The U.K.'s Financial Conduct Authority (FCA) also said on Tuesday it had reached a settlement with Rio Tinto under which the company would pay a fine of £27 million ($35.6 million) to settle claims that it breached accounting rules in connection with the Mozambique assets. Click here to read full stories.

Oct 18 - Breaking norms: China steel firms shield profits from volatile market 

China's steel mills and traders are embracing more sophisticated ways to sell metal and buy raw materials to protect their bumper profits amid rising price volatility. Steel mills typically sell their finished products at market prices to traders that later sell them on to end-users such as construction companies, also at market prices. Click here to read full stories.

Oct 18 - Rapidly rising volumes on LME back its foray into gold 

Open interest on the London Metal Exchange's (LME) precious metals contracts has topped 3 million ounces of gold, the exchange said, as it tries to muscle into a futures business dominated by rival CME Group. The LME introduced its LMEprecious gold and silver contracts in July, betting that tighter regulation would push London's $5 trillion bullion market from over-the-counter (OTC) deals between banks and brokers to centrally cleared exchanges. Click here to read full stories.

Oct 18 - BHP Q1 iron ore output hurt by mine fire, guidance intact 

Global miner BHP Billiton reported a 4 percent drop in quarterly iron ore output following a fire at its Mount Whaleback mine in Australia in June, but said it still expects to hit its annual production target. Production was 64 million tonnes in the fiscal 2018 first quarter versus 67 million tonnes a year ago, the company said. Click here to read full stories.

Oct 18 - China's winter cuts heat up aluminium market 

The Chinese government's campaign to reduce smog pollution and whittle down excess production is set to take around a tenth of its aluminium smelting capacity out of the market by the year-end, potentially adding fuel to a months-long price rally. That impact could have been even more severe - if the world's largest aluminium producer, privately-held China Hongqiao Group, had been forced to cut output by 30 percent this winter. But, in an apparent reprieve late last week, its cuts are likely to be far less than that. Click here to read full stories.

Oct 18 - Palladium rallies as U.S. consumers replace autos lost in hurricanes

Palladium rallied to a 16-year high this week and may rise even further, industry participants said, as consumers replaced vehicles damaged by hurricanes in the United States and on rising auto sales in China. Hurricane Harvey destroyed up to half a million cars when it deluged the U.S. state of Texas in August. Two weeks later, Hurricane Irma slammed into Florida, adding another 200,000 vehicles to the year's storm toll, according to auto industry estimates. Click here to read full stories.

Oct 18 - Gold industry sees prices rising to $1,369/oz over 12 months - LBMA 

The price of gold is expected to rise to $1,369 an ounce by October next year, delegates to the London Bullion Market Association's annual gathering predicted on Tuesday. Spot gold reached a one-year high of $1,357.54 an ounce in September but had fallen back to around $1,290 an ounce by Tuesday as expectations of interest rate rises in the United States have grown. Click here to read full stories.

Oct 18 - Brazil's Gerdau may sell U.S. facilities for $630 mln - report 

Brazilian steelmaker Gerdau SA could raise about 2 billion reais ($630.48 million) with the potential sale of its rebar-producing facilities in the United States this year, newspaper Valor Econômico reported on Tuesday. Gerdau expects to sell its Rancho Cucamonga, California, Sayreville, New Jersey, and Knoxville, Tennessee, units to U.S.-based Commercial Metals Co by the end of the year, according to the report that citing two market sources. Gerdau's Jacksonville, Florida, and Beaumont, Texas facilities were also up for sale, the paper reported. Click here to read full stories.

Oct 17 - Habitual cheat: Kobe Steel faked product data for more than 10 yrs - source 

When cheating becomes habitual, the consequences could be costly. At embattled Kobe Steel Ltd falsification of data on products went on for more than a decade, a source with knowledge told Reuters, deepening a scandal that has sliced off about $1.6 billion off its market value in just over a week. Click here to read full stories.

Oct 17 - Rio Tinto iron ore shipments climb on rail upgrade, on track for annual target 

Global miner Rio Tinto on Tuesday said it had lifted its third quarter iron ore shipments by 6 percent after modernizing its haulage railway in Australia's outback, but cut its production target for copper due to delays at a major mine in Chile. Rio Tinto, which competes with Vale SA and BHP Billiton Ltd in the seaborne-traded iron ore market, maintained its target to ship 330 million tonnes of the steelmaking ingredient in 2017. Click here to read full stories.

Oct 17 - China's Sept iron ore aberration boosts smaller exporters: Russell 

The detail of China's record iron ore imports in September is likely to prove more interesting than the headline-grabbing surge above 100 million tonnes for the first time. Preliminary customs data released on Oct. 13 showed China imported 103 million tonnes of the steel-making ingredient in September, a 16 percent jump on August's figure and shattering the previous monthly record of 96.6 million from March. Click here to read full stories.

Oct 17 - Global steel demand growth to slow in 2018, worldsteel says 

Global steel demand growth is expected to slow to 1.6 percent next year, after strong growth in 2017 driven by demand from top consumer China, the World Steel Association (worldsteel) said on Monday. Demand will reach 1.648 billion tonnes next year, up from 1.622 billion tonnes this year, worldsteel said. The 2017 figure corresponds to nominal growth of 7 percent and underlying growth of 2.8 percent. Click here to read full stories.

Oct 17 - Tata Steel, Thyssenkrupp will not spin off joint venture in next 2-3 years 

Tata Steel and Thyssenkrupp have no plans to spin off their pendingEuropean steel joint venture within the next two to three years, Tata's managing director said on Monday. The two companies announced last month a preliminary agreement to merge their European steel operations, creating the continent's second-largest steelmaker after ArcelorMittal, with revenues of 15 billion euros ($18 billion). Click here to read full stories.

Oct 17 - China mulls fresh restrictions on scrap copper imports from 2018 -industry website 

China may ban traders from importing scrap copper from the start of next year, a widely read industry website reported on Monday, as the world's top metals user deepens its crackdown on imports of foreign waste and cuts pollution from heavy industries. Chinese authorities have imposed tougher requirements on issuing receiver and import licences for scrap metal, making imports nearly impossible, Shanghai Metals Market reported, without saying where it got the information. Click here to read full stories.

Oct 17 - Battery startup taps carbon in race to replace lithium-ion cells 

In an auto industry race to develop electric vehicle batteries that charge faster and are cheaper and safer than lithium-ion cells, startup Zap&Go will do all that with its carbon-ion alternative 'within a few years', a company executive said. Oxford, England-based Zap&Go will begin production of its carbon-ion battery in 2018, in partnership with Chinese lithium-ion battery maker Li-Fun Technology Co Ltd. Its first application - an electric scooter that charges in five minutes - is also due to launch next year. Click here to read full stories.

Oct 17 - Implats buys stake in South Africa platinum project with option to take control 

South Africa's Impala Platinum (Implats) said on Monday it would pay $30 million for a 15 percent interest in a platinum project in the northern Waterberg region and had an option to acquire a majority stake in the development. South Africa's Chamber of Mines estimates that 65 percent of platinum operations in South Africa are losing money in the face of depressed prices and after years of soaring labour costs but Implats said the resource has "an attractive risk profile given its shallow nature." Click here to read full stories.

Oct 17 - Sibanye-Stillwater shelves plans to shut some South African operations 

Sibanye-Stillwater on Monday abandoned plans to close some of its platinum operations in South Africa after it achieved bigger than expected cost-savings from recently acquired businesses. Sibanye said in January it might cut up to 330 jobs in platinum operations acquired from Anglo American Platinum and Aquarius Platinum. Click here to read full stories.

Oct 16 - Kobe Steel shares tumble to near 5-yr low as cheating crisis deepens 

Shares of embattled Kobe Steel Ltd tumbled to their lowest level in nearly 5 years on Monday, as a cheating scandal at the Japanese steelmaker ensnared hundreds of firms and left investors fearing for the financial and legal fallout. Kobe Steel Chief Executive Hiroya Kawasaki on Friday revealed that about 500 companies had received its falsely certified products, more than double its earlier count, confirming widespread wrongdoing at the steelmaker.  Click here to read full stories.

Oct 16 - U.S. demands regional steel, aluminum in NAFTA auto rules -sources 

The Trump administration is demanding the use of North American-made steel, aluminum, copper and plastic resins in cars and trucks sold under North American Free Trade Agreement rules, as it seeks to give U.S. industry a boost. People briefed on the matter said U.S. negotiators issued the proposal, which could force automakers to shift sourcing of some components to North America from Asia, during talks on Friday to overhaul NAFTA. Click here to read full stories.

Oct 16 - Zinc price spike sparks flurry of miner listings 

A doubling in zinc prices since late 2015 and strong outlook for the commodity has fueled a flurry of zinc miner listings on the Toronto Stock Exchange as companies cash in on investor demand for producers of the metal. Brazil-based Nexa Resources, a top five global zinc producer, is seeking to raise up to $651 million in an initial public offering in Toronto and New York in what would be the world's biggest zinc-focused IPO since China's Western Mining Co Ltd in 2007, according to Thomson Reuters data. Click here to read full stories.

Oct 16 - Philippines' Duterte lifts suspension on gold miner Lepanto 

Philippine President Rodrigo Duterte has lifted an eight-month suspension order on gold miner Lepanto Consolidated Mining Co, among more than two dozen companies ordered halted by a sacked minister who led an environmental crackdown. Lepanto, which also mines copper and silver, was among 26 miners ordered closed or suspended by former Environment Secretary Regina Lopez in February. Click here to read full stories.

Oct 16 - Workers remain sceptical about Thyssen-Tata steel deal 

Labour leaders remain sceptical about a planned merger of Thyssenkrupp's European steel operations with those of Tata Steel, following the first meeting of a working group set up to convince workers to back the deal. Thyssenkrupp and Tata Steel last month announced plans for a joint venture that would create Europe's second-largest steelmaker after ArcelorMittal. There would be an initial 4,000 job cuts that workers fear will be the tip of the iceberg. Click here to read full stories.

Oct 16 - Speculators cut bullish COMEX gold bets for 4th week 

Hedge funds and money managers reduced their net long position in COMEX gold contracts for the fourth straight week, in the week to Oct. 10, U.S. Commodity Futures Trading Commission data showed on Friday. They raised their net long positions in silver and copper futures and options, the data showed. Click here to read full stories.

Oct 13 - China Sept iron ore imports at record even as mills brace for winter cuts

China's iron ore imports rose 11 percent in September from a year earlier to a record high, according to customs data on Friday, even as steel mills in the world's top producer prepared for winter production cuts. Arrivals  last month reached 103 million tonnes, data from the General Administration of Customs showed, topping the previous record of 96.5 million tonnes in March. That was up from 92.99 million tonnes a year ago and 88.66 million tonnes in August. Click here to read full stories.

Oct 13 - Kobe Steel's cheating engulfs more divisions; shares resume slide

Crisis-hit Kobe Steel Ltd said on Friday its steel division has also falsely labelled products, the latest in a string of revelations confirming widespread cheating at the firm that has engulfed its global customers. The bombshell admissions by Japan's third-largest steel maker sent its shares plummeting again, with the scale of the misconduct dealing a body blow to the nation's reputation as a high-quality manufacturing destination. Click here to read full stories.

Oct 13 - Electric vehicle growth could boost metals demand; battery supply a worry - Goldman

Goldman Sachs analysts said the growth of electric vehicles (EV) could boost demand for base metals, but warned the supply chain may struggle to meet the need for batteries, potentially slowing the expected EV boom. In its base case scenario, the bank said lithium production would need to quadruple within 10 years to feed EV demand. "Such dramatic growth was rare in the history of commodities," Goldman said in a research note dated Thursday. Click here to read full stories.

Oct 13 - Macquarie trims metals finance business in turn to energy

Australia's Macquarie Group, a rising commodities bank powerhouse due to its turn towards the energy sector, is paring back its aggressive lending against metals, three sources familiar with the matter told Reuters. Macquarie, which this year broke into the top three banks for commodities, has trimmed back its loans against physical metals inventories, in particular a type of finance called repurchase deals or repos, two Asia-based customers and a source familiar with the matter said. Click here to read full stories.

Oct 13 - Rio Tinto's $2 bln coal assets attract investor consortium - sources

A group of investors including buyout firm Apollo and pension fund Canada Pension Plan (CPP) is bidding for coal assets put up for sale by mining giant Rio Tinto, which could fetch $2 billion, sources familiar with the matter told Reuters. The sale, run by Credit Suisse, of the Kestrel and Hail Creek coking coal mines is part of Rio's planned exit from Australian coal to focus on iron ore, copper and aluminum. Click here to read full stories.

Oct 13 - Barrick Gold sees drop in production as Tanzanian troubles drag

Canada's Barrick Gold Corp, the world's largest gold miner, estimated a decline in third-quarter gold production amid pressure from the Tanzanian government on its Acacia Mining unit. The operation has been accused by the country's government of evading taxes for years by under-declaring exports, stalling work at the mines as well exports of its gold and copper concentrates. Click here to read full stories.

Oct 12 - Kobe Steel CEO says data-cheating may have spread beyond Japan as gov't orders probe

Kobe Steel's CEO said on Thursday the firm's data-fabrication may have spread beyond Japan, as he was ordered by the government to report on how the misconduct occurred and address safety concerns that have sparked a scare along global supply chains. Hiroya Kawasaki told reporters the cheating scandal has left Kobe Steel's credibility at "zero," underscoring the deepening crisis at the steelmaker and the sweep of quality problems besetting Japan's once-vaunted manufacturing sector. Click here to read full stories.

Oct 12 - China's top steelmaking city enforces winter smog steps early - sources

The top Chinese steelmaking city of Tangshan has ordered mills to cut output a month earlier than expected to meet tough 2017 air quality targets, according to a notice released by the municipal government and reviewed by Reuters. Steel enterprises in Tangshan, located in heavily polluted Hebei province, must cut sintering output by 50 percent from Thursday, more than a month ahead of the original schedule, said the Oct. 11 notice, which Reuters received from three industry sources. Click here to read full stories.

Oct 12 - Iron ore price slump brings risk of downside overshoot: Russell 

With spot Asian iron ore having fallen back below $60 a tonne, the price of the steelmaking ingredient appears to be heading toward a level more in line with supply and demand fundamentals. However, as usual the risk when a rally reverses as quickly as the current decline in iron ore is that prices overshoot to the downside. Click here to read full stories.

Oct 12 - China says EU, U.S. trade moves lack awareness of WTO rules

China's commerce ministry said on Thursday that the European Union's new trade rules against Chinese imports lacked awareness of World Trade Organization (WTO) rules, urging the EU to abide by those requirements. Ministry of Commerce spokesperson Gao Feng made the remarks at a regular briefing in Beijing. The European Union agreed to new rules last week to guard against lower-priced Chinese imports, ending 18 months of wrangling over trade ties with Beijing. Click here to read full stories.

Oct 12 - Acacia produces 191,203 ounces of gold in Q3, sales hit by Tanzania ban

Acacia Mining Plc on Thursday said it produced about 191,203 ounces of gold during the third quarter, boosted by better than expected output from its Buzwagi mine. Production of 69,097 ounces at Buzwagi was driven by strong ore grades. The company's North Mara unit was impacted by work permit issues. Click here to read full stories.

Oct 12 - Congo lifts ban on raw metal exports by Chinese joint venture

Congo's government has lifted an order requiring a joint venture of Chinese investors to stop exporting raw copper and cobalt, the mines ministry and the company said on Wednesday. Democratic Republic of Congo's mines minister Martin Kabwelulu last month ordered Sicomines, one of the country's largest copper producers, to only export processed metals because they command higher values on international markets. Click here to read full stories.

Oct 12 - Ukraine's Metinvest hopes EU will agree alternative to steel duty - CEO

The chief executive of Ukraine's largest steelmaker on Wednesday said he was hopeful the government would reach an agreement with the European Commission to replace a new anti-dumping duty on Ukrainian hot-rolled steel with a minimum pricing mechanism. On Friday, the European Union imposed tariffs on hot-rolled steel from Brazil, Iran, Russia and Ukraine after a complaint by EU producers that the construction and machinery product was being sold at excessively low prices. Click here to read full stories.

Oct 12 - Chile expects moderate rise in copper price -mining minister

World top copper producer Chile expects a moderate increase in the annual average price of the metal through the remainder of 2017, but that would not be enough to push it above $3 a pound for the entire year, Mining Minister Aurora Williams said on Wednesday. The price of copper has risen dramatically in recent months on strong demand from China, the top consumer of the metal. The sharp increase bodes well for the South American nation, where depending on prices copper-related activity can account for up to 15 percent of gross domestic product. Click here to read full stories.

Oct 11 - Kobe Steel shares plunge as data fabrication concerns deepen

Kobe Steel Ltd shares tumbled a further 16 percent on Wednesday after it admitted it may have fabricated data on iron powder products and media reported the possible sale of its real estate business. The latest disclosure comes after Japan's No.3 steelmaker said on the weekend it had falsified data to show that its aluminum and copper products had met customer specifications, and suggests the problems could be widespread. Click here to read full stories.

Oct 11 - Japan's Q4 aluminium premium slides up to 21 pct from Q3 - sources

Japanese aluminium buyers will pay up to 21 percent less in import premiums in theOctober-December quarter to reflect a slide in spot premiums, five people directly involved in quarterly pricing talks said. Aluminium premium was set at $94 to $95 per tonne for metal to be shipped in the fourth quarter, down 19.5 percent to 21.0 percent from $118 to $119 per tonne in the previous quarter, the sources said. Click here to read full stories.

Oct 11 - LME to expand trading around gold and silver reference prices

The London Metal Exchange expects three more clearing members to join its precious metals contracts by year-end and is looking to expand trading around its gold and silver reference prices, Chief Executive Matthew Chamberlain told Reuters on Tuesday. Adding further clearing members is a top priority for the exchange as it looks to expand volumes on LMEprecious, the suite of gold and silver spot and futures it launched in July, Chamberlain said. Click here to read full stories.

Oct 11 - Global steel recovery at risk from capacity ramp-ups outside China

The global steel sector's recovery from a glut-fuelled slump, driven by Chinese capacity cuts, is being put at risk by surplus capacity being built in the Middle East and Asia, sources and experts say. Figures from China show it has cut nearly 100 million tonnes of legal steel capacity and 120 million tonnes of illegal low-grade capacity since last January, but industry analysis shows only marginal declines in overall capacity.  Click here to read full stories.

Oct 11 - LME poised to join electric car revolution with cobalt sulphate contract

The London Metal Exchange's new cobalt contract is likely to be for a chemical compound vital for the manufacture of the batteries used in the fast-growing electric vehicle sector, its chief executive Matt Chamberlain told Reuters on Tuesday. Demand for that chemical -- cobalt sulphate -- is expected to soar over coming years as governments around the world set targets and timelines for electric vehicle sales in a bid to cut noxious emissions from fossil-fuelled cars. Click here to read full stories.

Oct 11 - South Africa's Exxaro completes sale of Tronox shares, nets $474 mln

South African miner Exxaro Resources said on Wednesday it had completed its sale of 22.4 million shares in U.S. titanium products company Tronox with net proceeds of $474 million. Exxaro, which mainly produces coal, said last week it would sell the shares in Tronox as the company looks to focus on its core mining activities, provide funding for its future capital commitments, repay debt and return capital to shareholders. Click here to read full stories.

Oct 11 - Two Russian tycoons selling 3 percent of aluminium producer Rusal

Russian tycoons Mikhail Prokhorov and Viktor Vekselberg are selling a 3-percent stake in Russian aluminium giant Rusal via accelerated bookbuilding (ABB), one of their bookrunners said on Tuesday. The announcement of the ABB deal, which usually takes only a few days, comes less than a week after Russia's En+ Group, which owns a 48 percent stake in Rusal, said it would launch an initial public share offering in London and Moscow. Click here to read full stories.

Oct 10 - Kobe Steel under the gun after firm admits data falsification

Investors looked set to bail out of Kobe Steel Ltd on Tuesday, after Japan's third-biggest steelmaker revealed it had fabricated data to show its products met customer specifications in the latest scandal to rock corporate Japan. Kobe Steel said on Sunday that about 4 percent of the aluminium and copper products that it shipped from September 2016 to August 2017 were falsely labelled as meeting the specifications requested by customers. Click here to read full stories.

Oct 10 - Elliott tours BHP investors in renewed push for radical shake-up - sources

Activist investor Elliott has embarked on an international tour of BHP Billiton's biggest shareholders as it presses ahead with its campaign to force a radical shake-up of the FTSE 100 mining giant, sources familiar with the matter told Reuters. Representatives from Elliott have in the last month met with major BHP investors based in London, South Africa and Australia to lay out the activist fund's arguments for an overhaul of the miner, the two sources said. Click here to read full stories.

Oct 10 - Diamonds - the new gold for rich investors?

Diamonds can at last be an investor's best friend, the Singapore Diamond Investment Exchange (SDIX) 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. The industry says diamonds are the world's most concentrated form of wealth, but investors have long viewed them as less useful as a store of value than gold because each stone is different, making its value subjective and trading difficult. Click here to read full stories.

Oct 10 - Caledonia Mining sees golden opportunities in Zimbabwe dollar crisis

Caledonia Mining is seeking to expand in Zimbabwe, where output at its flagship gold mine has hit new highs and the country, gripped by a cash crisis, depends on it and other miners to generate currency. Zimbabwe is short of U.S. dollars, a currency it adopted in 2009 after its own was wrecked by hyperinflation. Click here to read full stories.

Oct 10 - Congo orders China joint venture to stop exporting raw metals

Congo's mines minister has ordered a joint venture of Chinese investors to stop exporting raw copper and cobalt before processing because of their low value on international markets. Sinohydro Corp and China Railway Group Limited agreed to build $3 billion worth of roads, railways and other infrastructure, with the investments to be reimbursed by earnings from its majority stake in the Sicomines project. Click here to read full stories.

Oct 09 - Protests test tribal authority on South Africa's platinum belt

A new power struggle is unfolding in South Africa's old homelands between global mining giants, traditional leaders and an impoverished rural populace. Parts of an industry long used to labour unrest are now contending with community protests that have cut production of the country's largest mineral export earner, platinum, and may shut some operations down altogether. Click here to read full stories.

Oct 09 - In people vs Adani's coal mine, people may win: Russell

Can thousands of people standing in lines to spell out "Stop Adani" actually scupper the Indian company's plans to develop a huge coal mine in the Australian outback? Perhaps a more relevant question is whether the protesters are enough to make Australia's federal and Queensland state politicians lose their nerve, and quietly withdraw support for what is the world's largest new coal mine planned. Click here to read full stories.

Oct 09 - India rethinks jewellery sales oversight after slump in gold demand

Indian authorities withdrew on Friday an amendment that made jewellers subject to anti-money laundering legislation and caused a drop in gold sales. The Prevention of Money Laundering Act obliges banks and other financial institutions to report all cash transactions above 50,000 rupees ($765) to the government, including customers' personal identification numbers or tax codes. Click here to read full stories.

Oct 09 - Kobe Steel says specification data falsified on aluminium, copper products

Japanese steel maker Kobe Steel said that its internal checks found that data was fabricated to falsely show that aluminium and copper products met customer specifications, according to a statement issued on Sunday. About 4 percent of the aluminium and copper products that Kobe Steel shipped in the period from September 2016 to August 2017 were falsely labelled as meeting the specifications requested by customers, a company spokesman said. Click here to read full stories.

Oct 09 - Cora Gold lists in London to fund exploration in Mali

West African-focused Cora Gold Limited on Monday lists on London's AIM market for small companies to raise 3.45 million pounds ($4.5 million) to fund exploration at its flagship Sanankoro project in Mali. The company, whose shares start trading at 0700 GMT, is the latest in a string of junior miners to launch on the London market this year as the sector slowly recovers from the commodity price crash of 2015-16. Click here to read full stories.

Oct 09 - SAIL extends ties with POSCO for technical pact at eastern Indian plant

Steel Authority of India Ltd, the country's top state-owned steel producer, on Sunday said it has deepened strategic technical ties with South Korean steelmaker POSCO for its plant in eastern India. Loss-making SAIL has been chasing tie-ups with foreign majors such as ArcelorMittal and POSCO - known for their cutting-edge technology - as most of its plants were built almost half a century ago and need new technology and equipment. Click here to read full stories.

Oct 09 - Indonesia president urges action on Freeport mine deal

Indonesian President Joko Widodo called for faster progress to wrap up a deal with Freeport-McMoRan Inc on rights to the giant Grasberg copper mine, which the U.S. firm owns, officials said on Friday. The chief executive of the world's biggest publicly traded copper company -- which under a framework deal agreed in August to divest 51 percent of the mine -- held talks with officials in Jakarta earlier in the day. Click here to read full stories.

Oct 09 - Specuators cut bullish COMEX gold, silver bets for 3rd 

Hedge funds and money managers reduced their net long positions in COMEX gold and silver contracts for the third straight week, in the week to Oct. 3, U.S. Commodity Futures Trading Commission (CFTC)data showed on Friday. They cut their net long position in copper futures and options for the fourth straight week, the data showed. Click here to read full stories.

Oct 09 - Electric cars prompt consultants CRU to explore cobalt sulphate index

Metals consultancy CRU Group wants to create a price mechanism for cobalt sulphate, in response to increasing demand for the compound used in making rechargeable batteries that power electric cars. Prices for cobalt sulphate are often based on those for refined metal published by Metal Bulletin. The London Metal Exchange's cobalt contract is also for refined metal. Click here to read full stories.

Oct 06 - Plans to restart giant Bougainville mine stall as operating rights battle rages

Plans to reopen one of the world's biggest copper mines, shut by a civil war on the Pacific Island of Bougainville in 1989, have run into trouble. The quarter of a million people of Bougainville are tentatively scheduled to vote on independence from Papua New Guinea in June 2019, and revenue from the reopening of the Panguna mine is essential for the otherwise impoverished island to have any chance of flourishing if it becomes the world's newest nation. Click here to read full stories.

Oct 06 - U.S. defers China aluminum foil dumping decision

The U.S. Commerce Department said on Thursday it would defer issuing its preliminary determination in an anti-dumping duty probe into imports of aluminum foil from China. The department said in a statement the delay would allow it "to fully analyze information pertaining to China's status as a non-market economy (NME) country." Click here to read full stories.

Oct 06 - EU sets dumping duties on steel from four countries 

The European Union has decided to set duties on hot-rolled steel from Brazil, Iran, Russia and Ukraine after a complaint by EU manufacturers that the product used for construction and machinery was being sold at excessively low prices. The European Union will levy anti-dumping tariffs of between 17.6 and 96.5 euros ($20.6-112.8) per tonne from Saturday, the European Union's official journal said on Friday. Click here to read full stories.

Oct 06 - Platinum miner Lonmin forecasts full-year sales above expectations

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. Click here to read full stories.

Oct 06 - Australia's Port Hedland China iron ore exports up 2.8 pct in Sept - port

Iron ore shipments to China from Australia's Port Hedland terminal rose 2.8 percent to 36.7 million tonnes in September from 35.7 million tonnes in August, port data released on Thursday showed. Overall, September iron ore shipments from the world's biggest export terminal for the steelmaking raw material increased to 43.4 million tonnes from 42.8 million in August, according to the Pilbara Ports Authority. Click here to read full stories.

Oct 06 - Metals recycler Befesa to list in Frankfurt this year

German metals recycling group Befesa is planning to list on the Frankfurt stock market this year, the company said in a statement on Friday. Befesa, which controls almost half of Europe's steel dust recycling market, is expected to be valued at 1.3-1.6 billion euros ($1.5-1.9 billion) excluding debt in a late-October float, people close to the matter said. Click here to read full stories.

Oct 05 - Philippine environment minister wins confirmation; miners optimistic

Philippine lawmakers confirmed Roy Cimatu as Environment Secretary, giving the former soldier the task of deciding whether to implement reforms spearheaded by predecessor Regina Lopez that led to mine closures - but cost her the job. A 71-year-old ex-military chief, Cimatu was picked for the post by President Rodrigo Duterte in May, after firebrand environmentalist Lopez failed to win Congressional confirmation.  Click here to read full stories.

Oct 05 - Robots under Swedish forest breathe life into ancient mines

Hundreds of metres below the lush forests of rural Sweden, one of the world’s most ancient mines has been transformed into one of the most modern. Sensors linked to robotic equipment in Boliden’s Garpenberg zinc mine – which has been in operation since the 13th century - feed data to operators above ground as screens blink and flash in a nearby control room. Click here to read full stories.

Oct 05 - Thyssenkrupp's home state confident deal can be reached over Tata Steel

North Rhine-Westphalia, Germany's most populous state and home to Thyssenkrupp, said on Wednesday it was confident a deal between workers and management could be reached to push through a steel merger with Tata Steel. Thyssenkrupp and India's Tata Steel last month agreed to merge their European steel operations to create a business with revenues of 15 billion euros ($17.6 billion), the second business steelmaker on the continent after ArcelorMittal. Click here to read full stories.

Oct 05 - Gerdau to sell Chilean unit to Matco, I&I for $154 mln

Gerdau SA has agreed to sell a Chilean long steel unit to local firms Matco SA and Ingeniería & Inversiones SA for about $154 million, in a move aimed at helping the largest steelmaker in the Americas cut debt and boost profitability. In a securities filing on Wednesday, Gerdau said the unit has installed capacity of 520,000 tonnes. The transaction is pending on antitrust approval in Chile, the filing said. Click here to read full stories.

Oct 05 - Russia's En+ launches IPO in London and Moscow

En+ Group, which manages Russian tycoon Oleg Deripaska's aluminium and hydropower businesses, has announced its intention to conduct an initial public offering on the London Stock Exchange and the Moscow Exchange. The planned deal is the first major IPO of a Russian company in London since 2014 when Western countries imposed sanctions over Moscow's role in the Ukraine crisis, chilling investor appetite for Russian assets. Click here to read full stories.

Oct 05 - S.Africa mining lobby rejects talks with ministry over charter

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 workable," Roger Baxter, chief executive of the Chamber of Mines, told Reuters on the sidelines of a mining conference. Click here to read full stories.

Oct 05 - South Africa's Exxaro sets price for Tronox share sale

South African miner Exxaro Resources will now sell at least 19.5 million shares in U.S. titanium products company Tronox at a 7.4 percent discount to Wednesday's closing price as the firm looks to focus on its core mining activities, it said on Thursday. On Tuesday the firm had said it would sell 16 million shares in Tronox in a public offering and 2.4 million additional shares to underwriters, amounting to a 31.3 percent stake. Click here to read full stories.

Oct 05 - Informal gold mining resumes in Mali after restructuring - minister

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 million miners now work on at least 350 sites, according to a chamber of mines estimate. Click here to read full stories.

Oct 04 - Philippines environment minister says to uphold Duterte's open-pit mining ban

Philippine Environment and Natural Resources Secretary Roy Cimatu said on Wednesday that he will uphold President Rodrigo Duterte's plans to ban open-pit mining. "We will eventually abide by the instruction of the president to stop open-pit mining in the future," Cimatu told lawmakers during a confirmation hearing in Congress. Click here to read full stories.

Oct 04 - Thyssenkrupp to protect labour representation in Tata deal - Bild

Thyssenkrupp will guarantee that workers will be equally represented following the planned merger of its European steel operations with Tata Steel's, its chief executive told a German newspaper. "German steelworkers will keep their co-determination just the way it is today," Heinrich Hiesinger told Bild. Click here to read full stories.

Oct 04 - Glencore to raise stake in Peruvian zinc miner Volcan

Miner and commodities trader Glencore has agreed to buy a further stake worth at least $531 million in Peru's largest zinc miner, Volcan Compañia Minera SAA, the company said on Tuesday. Glencore, which has been a shareholder in Volcan since 2004 and holds a 7.68 economic interest, said it was buyingat least 26.73 percent of the voting shares. Click here to read full stories.

Oct 04 - Adani aims to wrap-up Australia project funding by March

India's Adani Enterprises Ltd aims to tie-up financing for its Carmichael coal mine project in Australia by March 2018, a senior company executive told Reuters, adding it would look to sell a minority stake in the project to help raise funds. Adani's planned project in north-east Australia has been delayed for years as opposition from environmental groups led banks to steer clear of funding what would be the biggest coal mine in the country. Click here to read full stories.

Oct 04 - Indonesia may require miners to pay share of after-tax profit under proposed rules

Miners operating in Indonesia will have to pay a share of their after-tax profits to both the central and local governments under new tax rules under consideration for next year, according to documents outlining the proposal reviewed by Reuters. Indonesia is revamping its tax code for metal miners as part of a broader shift to a system of special mining permits, which will replace existing mining contracts. Click here to read full stories.

Oct 04 - Canada's First Majestic Silver says four workers die at Mexican mine

Canadian silver miner First Majestic Silver Corp said on Tuesday four miners died from gas intoxication at its La Encantada Silver Mine in Mexico. The accident occurred during the construction of a ramp at the site, the company said, adding there was no explosion. Click here to read full stories.

Oct 04 - Striking workers at Quebec zinc plant reject contract

Striking workers at North America's second-largest zinc processing plant, owned by the Noranda Income Fund, have rejected a wage and pension offer from the company, Noranda and the union representing workers said on Tuesday. Ninety-seven percent of the 371 workers who have been on strike at the facility in Quebec for eight months rejected the offer, the United Steelworkers of America union said in a statement. Click here to read full stories.

Oct 03 - Thyssen-Tata merger puts fate of UK's top steel plant at risk amid dismal earnings

Plagued by poor earnings, Britain's biggest steel plant, located in Port Talbot, is likely to be first in line for job and output cuts after the planned European merger of Thyssenkrupp and Tata Steel, industry sources told Reuters. Germany's Thyssenkrupp and India's Tata Steel have signed a memorandum of understanding for a 50-50 joint venture which, if approved, would forge Europe's No.2 steelmaker after ArcelorMittal, with sales of around 15 billion euros ($17.70 billion).  Click here to read full stories.

Oct 03 - Russia takes advantage of China's North Korea coal ban: Russell 

China's coal import data for August flung up an interesting anomaly in the form of renewed imports from North Korea, but of far more interest is the surge in cargoes from Russia. Customs data showed that China imported 1.6 million tonnes from North Korea in August, the first allowed since February when Beijing tightened sanctions against its neighbour as part of international efforts to restrict the isolated dictatorship's nuclear weapons programme.  Click here to read full stories.

Oct 03 - In the heart of China's coal country, a city bans most coal - Xinhua

Taiyuan, the capital of China's northern province of Shanxi, which is known for its coal production, has banned the sale, transport and use of most coal as it tries to cut air pollution, the state news agency Xinhua reported on Monday. The ban took effect from Sunday, restricting companies and individuals "other than major steel and power plants" from selling, transporting or burning coal in the urban area of Taiyuan, it said. Click here to read full stories.

Oct 03 - Protesters block Goldcorp's top Peñasquito mine in Mexico

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 commitment to supply nearby communities with water, said Felipe Pinedo, a leader of the protesters. Click here to read full stories.

Oct 03 - Rio Tinto on track to go driverless on iron ore trains in 2018

Rio Tinto is set to use driverless iron ore trains in Western Australia in 2018, the world No.2 miner of the steelmaking commodity said on Monday after completing its first long-haul journey with a completely autonomous locomotive. The 100-km (60 mile) run marked a key step towards full commissioning next year of the company's AutoHaul programme, originally slated to start in 2015. Click here to read full stories.

Oct 03 - China proven gold reserves at 12,100 tonnes at end-2016 - Xinhua

China's proven gold reserves reached 12,100 tonnes at the end of 2016, the state news agency Xinhua reported on Monday quoting an official with the national gold association. China has been the world's biggest gold producer for 10 years and the largest consumer of the metal for four years, it said. China aims to increase its annual gold output to 500 tonnes by 2020 from around 450 tonnes currently, it said. Click here to read full stories.

Oct 03 - Gold miner Avocet revenue halves on lower output

Gold miner Avocet Mining Plc reported a 49 percent drop in first-half revenue as the West Africa-focused company's gold production declined. Total gold sold halved to 21,377 ounces in the six months ended June 30 from a year earlier, with an average price of $1,235 an ounce, compared with $1,213 last year, the company said. Click here to read full stories.

Oct 02 - Freeport Indonesia copper exports will not be stopped amid talks - official

The Indonesian unit of U.S. miner Freeport McMoRan Inc can continue to export copper concentrate even if negotiations over the company's permit to operate the giant Grasberg mine are not resolved this month, a mining ministry official said. In April, the government awarded Freeport a permit to export 1.1 million tonnes of copper concentrate until February next year, but said shipments could be stopped again in October if negotiations over a new mining permit were not resolved by then.  Click here to read full stories.

Oct 02 - Native title deal opens way for Australia's Port Hedland expansion

A native title agreement between a remote Aboriginal tribe and an Australian state government has opened the way to expand the world's largest iron ore export terminal. The Port Hedland terminal, located on the north-western coast of the state of Western Australia is the main port through which iron ore travels from the Pilbara district to China. Click here to read full stories.

Oct 02 - China steel PMI falls in Sept, output growth still strong

An official gauge of China's steel industry declined in September but stayed in solid expansion territory, as the industry faces upcoming production restrictions aimed at reducing choking air pollution over the winter. The Purchasing Managers' Index (PMI) for the steel sector fell to 53.7 in September from 57.2 in August, data from the China Federation of Logistics & Purchasing (CFLP) showed, holding for a fifth month above the 50-point mark that separates growth from contraction. Click here to read full stories.

Oct 02 - Japan's Mitsubishi Materials expects H2 copper output to rise 14 pct y/y

Japan's Mitsubishi Materials Corp said on Monday it plans to produce 181,830 tonnes of refined copper during October-March, up 14 percent from the same period last year as it boosts its smelting capacity. Japan's third-biggest copper smelter expects output at its Naoshima smelter and refinery in western Japan to rise 10 percent, while production at its Onahama plant, north of Tokyo, will increase by 22 percent, it said in a statement. Click here to read full stories.

Oct 02 - World's largest coal miner looking to buy metal mines abroad

Coal India Ltd, the world's largest coal miner, has held internal talks to discuss buying metal mines abroad amid faltering revenues and rising employee costs, potentially signaling a strategy shift to cut reliance on the fossil fuel. The state-run company plans to form two units: one to manage its local mining of iron ore, bauxite and maganese, and another to expand into copper and nickel mining overseas, two company officials involved in the planning told Reuters. Click here to read full stories.

Oct 02 - U.S. to continue probe into stainless flanges from China, India

The U.S. International Trade Commission said on Friday it voted to continue investigations into possible dumping and subsidization of stainless steel flanges from China and India. The Department of Commerce announced on Sept. 6 preliminary phase antidumping and countervailing duty investigations into the products. Click here to read full stories.

Oct 02 - Speculators again cut bullish gold, silver, copper bets

Hedge funds and money managers reduced their net long positions in COMEX gold, silver and copper contracts in the week to Sept. 26, U.S. Commodity Futures Trading Commission data showed on Friday. They slashed their bullish stance in gold by 37,920 contracts to 204,731, the data showed. That marked a second straight week of cuts from the one-year high the dealers had built by mid-September. Click here to read full stories.

Oct 02 - Salzgitter builds new line for automotive steel

German steelmaker Salzgitter will build a third hot-dip galvanising line to strengthen its position in the market for premium steel used in the car industry, it said on Friday. The new line, which is scheduled to start operating in the second half of 2020, will have an annual capacity of 500,000 metric tonnes, on top of the 1.3 million tonnes Salzgitter has with its existing two lines. Click here to read full stories.

Sep 29 - Steelmaker Hebei Jingye warned after environmental violations - China Daily

Authorities in China's northern province of Hebei found privately owned steelmaker Hebei Jingye Group lacked environmental protection facilities and had tampered with instruments monitoring discharges, the state-run China Daily newspaper reported on Friday. It quoted a senior environmental official threatening to prosecute the firm's executives if they do not bring the steelmaker in line with environmental rules. Click here to read full stories.

Sep 29 - What China's imports tell us about the copper market - Andy Home

The metals market used to treat China's copper trade figures as a mirror on the world's industrial growth engine. The more copper, particularly refined copper, China imported, the healthier the outlook for manufacturing activity and demand for all industrial metals. Click here to read full stories.

Sep 29 - Freeport can seek extension for Grasberg permit talks - minister

Indonesia's mining minister said on Thursday that Freeport McMoRan Inc could request an extension of six months to renegotiate rights to Grasberg, the world's second-biggest copper mine, which is due to end next month. Freeport and the government announced a framework agreement for a new permit late last month, under which the company agreed to divest a 51 percent stake in Grasberg, among other terms, and retain operational control until 2041.  Click here to read full stories.

Sep 29 - China's Great Wall secures lithium supply with Pilbara deal

China automaker Great Wall Motor Co Ltd will take a 3.5 percent stake in Australian lithium miner Pilbara Minerals Ltd, the firm said late on Thursday, helping shore up supply of a key mineral for electric vehicles. China on Thursday said carmakers would need to hit a quota for new energy vehicles by 2019, part of a major push by the world's biggest auto market to phase out petrol cars and shift towards pure electric and plug-in hybrids. Click here to read full stories.

Sep 29 - Chile sees no obstacle to Albemarle request to hike lithium output cap

Chile sees no obstacles to approving Albemarle Corp's request for an increase in its annual lithium production limit, given the high prices for the metal used in electric car batteries, a government official told Reuters on Thursday. "There's no reason to object to this request," said Eduardo Bitran, head of the South American country's CORFO state development agency. "Given the contract we have, this means royalties, more fiscal resources, more investment." Click here to read full stories.

Sep 29 - Petra Diamonds reaches wage agreement with South Africa's NUM

Petra Diamonds Ltd said on Thursday it had reached an agreement with South Africa's National Union of Mineworkers (NUM) on pay at the company's Finsch and Koffiefontein operations, ending a strike at the two mines. Employees would return to normal duties on Sept. 29, the company said in a statement. Petra added that no agreement had been reached at a third mine, the Kimberley Ekapa Mining joint Venture. Click here to read full stories.

Sep 29 - WGC to form panel to set up spot gold bourse in India

The World Gold Council (WGC) plans to form a committee soon to help set up India's first spot gold exchange within 12 to 18 months, a senior official of the industry body said on Thursday. A dedicated exchange for physical gold is expected to pave the way for standard gold pricing practices in India, apart from bringing in transparency into a market which sees large cash transactions. Click here to read full stories.

Sep 29 - Senegal rebels issue warning over Astron's mineral sands mine

A dormant Senegalese rebel movement has called for the abandonment of a planned mineral sands project operated by Australia-listed Astron, saying it amounts to "a declaration of war". A spokesman for the Movement of Democratic Forces for Casamance (MFDC) on Thursday said that it had not been consulted about the project and considers any exploitation of natural resources in the southern region as theft because taxes on proceeds would go to the northern government of Dakar. Click here to read full stories.

Sep 28 - Platinum, palladium hit price parity for first time in 16 years

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. Both are primarily consumed by automakers for catalytic converter manufacturing, but platinum is more heavily used in the diesel vehicles that have fallen out of favour since 2015's Volkswagen emissions-rigging scandal. Click here to read full stories.

Sep 28 - Speculators feed on zinc famine

Scarce supplies, a surge in speculative interest and inventories at 8-year lows have driven zinc prices up by more than 20 percent this year to their highest in 10 years. Benchmark zinc prices on the London Metal Exchange have more than doubled since January 2016, climbing above $3,000 a tonne last month for the first time since October 2007. Click here to read full stories.

Sep 28 - China to cancel a third of iron ore mining rights in fight against smog

China will cancel about a third of its iron ore mining licences, mostly belonging to small polluting mines as part of Beijing's efforts to improve air quality, a mining association official said on Wednesday. Over 1,000 mining rights will be eliminated under China's campaign against pollution, Lei Pingxi, chief engineer at the Metallurgical Mines' Association of China, told an industry conference. Click here to read full stories.

Sep 28 - Reborn Canadian steel producer Stelco files for IPO

Canadian steel producer Stelco Holdings Inc, which emerged from bankruptcy protection three months ago, said on Wednesday it has filed a preliminary prospectus with securities regulators in Canada for a proposed initial public offering of its shares. Stelco, which is owned by U.S. restructuring firm Bedrock Industries Group LLC, is seeking to raise US$150 million in the share sale and could have a market value of about US$1 billion, according to a source familiar with the situation. Click here to read full stories.

Sep 28 - China state firms cut steel output capacity by 16 mln tonnes by end-Aug - regulator

China's central government-owned steel firms cut their production capacity by 16.14 million tonnes by the end of August, Beijing's state assets regulator said on Thursday. Meanwhile coal capacity was cut by 55.1 million tonnes, according to the statement from the State-owned Assets Supervision and Administration Commission of the State Council (SASAC). Click here to read full stories.

Sep 28 - Ex-UBS metals trader indicted over alleged metals price rigging

A former senior precious metals trader at UBS Group AG has been indicted on a criminal conspiracy charge over his alleged role in rigging prices by placing "spoof" trades. In a one-count indictment made public on Wednesday, Andre Flotron was accused of conspiring from July 2008 to November 2013 to place orders for precious metal futures contracts that he intended to cancel before they could be executed. Click here to read full stories.

Sep 28 - Gold smuggling likely to rise in India as festive buyers try to avoid new tax

Gold smuggling in India, the world's second-biggest consumer of the metal, is likely to rise during the country's peak holiday season as buyers try to avoid paying a new sales tax and to dodge new transparency rules. In August, India moved to include gold sales under the Prevention of Money Laundering Act (PMLA). The law makes it mandatory for jewellers to keep records of customers' personal identification numbers or tax code number for transactions above 50,000 Indian rupees ($761.50). Click here to read full stories.

Sep 28 - Volatile prices, winter freeze may cut volumes on top China iron ore trading platform

China's largest physical iron ore trading platform expects its trade volumes, affected this year by volatile prices for the steelmaking commodity, to recover in 2018 and reach 100 million tonnes in the next five years, its president said. Volume traded on the Beijing Iron Ore Trading Center Corporation (COREX) would breach 30 million tonnes this year, said You Song, but may be lower than the 35.35 million tonnes recorded in 2016. Click here to read full stories.

Sep 28 - HKEX plans to launch iron ore futures in November

The Hong Kong stock exchange plans to launch a U.S. dollar-denominated, cash-settled iron ore futures contract in Hong Kong, it said on Wednesday, as the bourse aims to compete with U.S. and Asian rivals. The launch is tentatively set for November, subject to market readiness. Click here to read full stories.

Sep 28 - Growth in refined tin demand seen slowing in 2017

Growth in global refined tin demand is expected to slip to about 2 percent this year from 3.3 percent in 2016, due to weaker solder demand in China, industry group ITRI said on Wednesday. ITRI said the forecast follows a survey of 136 companies that use tin, accounting for 46 percent of global tin consumption. Click here to read full stories.

Sep 28 - Britain's Petra gets Tanzania's nod to resume diamond exports

London-listed Petra Diamonds Ltd said on Wednesday it had received authorisation from the Tanzanian government to resume diamond exports and sales from the Williamson mine, lifting its shares from two-year lows. The company said the timing and process for the next diamond export to the company's office in Antwerp and the sale would be finalised between the company and the government. Click here to read full stories.

Sep 27 - Chinese cities order steel output cuts earlier than expected to fend off smog

The city of Handan in the top steelmaking province of Hebei has ordered steel mills to halve output a month earlier than expected, according to media reports, the latest city to ramp up efforts to reduce the smog that blankets northern China during the winter. At a meeting on Tuesday, Handan city authorities told local steel mills to cut blast furnace production by 50 percent from Oct. 1 until March, industry consultancy Mysteel reported without citing sources. Click here to read full stories.

Sep 27 - Indonesia's Freeport victory sets tone for foreign miners

For many Indonesians, investment banker-turned-minister Ignasius Jonan is the man who made trains run on time. Months after being handed the mining portfolio, the minister notched up a bigger victory; securing majority local ownership of Grasberg – one of the world's biggest gold and copper mines – following months of difficult negotiations with U.S. giant Freeport-McMoRan Inc. Click here to read full stories.

Sep 27 - Australia's Fortescue considers diversifying into gold, copper, energy

Fortescue Metals Group, the world's No. 4 iron ore miner, is considering investing in energy infrastructure and exploring for gold, copper and lithium as it diversifies its business, Chief Executive Neville Power told Reuters on Wednesday. Power, who is due to step down in February, also said China's plan to cut steel output in key areas, including Tangshan in the top-producing Hebei province, may affect demand for raw material iron ore there. But appetite in parts of China not covered by the winter cuts could help cushion any impact, he said. Click here to read full stories.

Sep 27 - Hedge fund Paulson & Co declares war on poor gold mining returns

New York-based Paulson & Co, led by longtime gold bull John Paulson, called on Tuesday for the world's biggest investors in gold-mining stocks to form a coalition to tackle miners' "dreadful" performance. Speaking at the Denver Gold Forum, the industry's top annual event, Paulson & Co partner Marcelo Kim launched the blistering attack on the sector, saying the hedge fund was looking for fellow founding members for a body to speak out on issues including high executive pay, cozy board appointments and value-destroying mergers and acquisitions. Click here to read full stories.

Sep 27 - Zinc spreads explode as tightness bites London shorts: Andy Home

Zinc bulls have been waiting a long time for this, but the slow-burning supply crunch has at last travelled all the way down the supply chain to bite holders of short positions on the London Metal Exchange (LME). LME time spreads exploded last week and they've grown wilder still this week. Click here to read full stories.

Sep 27 - ArcelorMittal's focus on other assets may hit $1 bln Indian JV

ArcelorMittal's interest in buying debt-ridden Indian steel companies could derail its planned $1 billion joint venture with Steel Authority of India Ltd (SAIL), a steel ministry report showed. State-owned SAIL said any such buyout by the world's top steelmaker, controlled by billionaire Lakshmi Mittal, could violate its exclusive partnership arrangement for manufacturing steel for cars, the document seen by Reuters showed. Click here to read full stories.

Sep 27 - China-backed Yancoal Australia exercises option to up stake in coal mine

Sula Iron & Gold, a London-listed mining firm focused on Sierra Leone, said on Tuesday it had found gold of almost "bonanza grade" and its board would forgo their salaries while the company exploits the resource. The latest assay at the Ferensola gold project in the Sula Mountains of Sierra Leone shows a gold grade of 19.3 grams, or 0.7 of an ounce, per tonne, the company said. Click here to read full stories.

Sep 27 - Egypt extends import tariffs on rebar from China, Turkey, Ukraine

Egypt has extended temporary import tariffs on steel rebar from China, Turkey and Ukraine, for two months, the trade and industry ministry said in a statement on Tuesday. The tariff, set at 17 percent for Chinese steel, 10-19 percent for Turkish steel, and 15-27 percent for Ukrainian steel, was implemented in June to protect local manufacturers. Click here to read full stories.

Sep 26 - BHP, world's largest miner, says 2017 is 'tipping point' for electric cars

This year looks set to be the "tipping point" for electric cars, Arnoud Balhuizen, chief commercial officer at BHP, said on Tuesday, adding that the impact for raw materials producers would be felt first in the metals markets and only later in oil. "In September 2016 we published a blog and we set the question - could 2017 be the year of the electric vehicle revolution?" he said in an interview. Click here to read full stories.

Sep 26 - Brazil to reinstate protection for Amazon reserve

Brazil will reinstate a mining ban in a vast area of the Amazon rainforest, the government announced on Monday, in an about-face that is a victory for environmentalists who feared deforestation. The Mines and Energy Ministry said in a statement that President Michel Temer's administration had decided to revoke an August decree abolishing the National Reserve of Copper and Associates (Renca), an area of roughly 17,800 square miles (46,100 square kilometers) or slightly larger than Denmark. Click here to read full stories.

Sep 26 - Copper market fundamentals point to lower refining charges - Antofagasta CEO

Tighter copper supply and an increase in refining capacity in top-consumer China should result in lower treatment and refining charges (TC/RCs) by smelters, the chief executive of Chilean miner Antofagasta PLC told Reuters on Monday. "The fundamental market conditions are indicative of a deficit and that should mean that the TC/RCs fall. That's the logic that should prevail," Ivan Arriagada told Reuters on the sidelines of an event. Click here to read full stories.

Sep 26 - Kobe Steel, US Steel to spend $400 mln to boost U.S. automotive steel output

Kobe Steel Ltd, Japan's No.3 steelmaker, and United States Steel Corp said on Tuesday that their U.S. joint venture will spend $400 million to boost output capacity of high-strength steel amid growing demand from automakers. The move comes as automakers in the U.S., the world's second-biggest auto market, increasingly turn to the lighter metal to meet stricter environmental rules. Click here to read full stories.

Sep 26 - Canada's Lucara sells world's largest uncut diamond for $53 million

A tennis ball-sized rough diamond unearthed nearly two years ago by Canada's Lucara Diamond Corp has been sold for $53 million, the Vancouver-based company said on Monday. The 1,109-carat stone, which is the world's largest uncut diamond, was bought by high-profile British diamond dealer Graff Diamonds for $47,777 per carat, and will now be cut and polished, Lucara said in a statement. Click here to read full stories.

Sep 26 - Guinea bauxite mining back to normal after week of riots

Bauxite mining companies have resumed normal operations in Guinea's Boke region as local authorities try to negotiate a definitive end to unrest that has disrupted production for more than a week, sources familiar with the matter said on Monday. Riots have gripped Boke and surrounding towns several times this year as angry youths have pillaged police posts and blocked trains and railroads to protest against electricity cuts and a lack of jobs and services. Click here to read full stories.

Sep 25 - Gold companies take a shine to China's Silk Road

As far as China's miners are concerned, the modern-day Silk Road is paved with gold. Buoyed by a 15 percent rise in the gold price this year, Chinese mining executives in Tianjin this weekend were talking up their ambitions for overseas expansion. Click here to read full stories.

Sep 25 - VW moves to secure cobalt supplies in shift to electric cars

Germany's Volkswagen is moving to secure long-term supplies of cobalt, a vital component of rechargeable batteries, as the group accelerates its ambitious shift to electric cars. Cobalt industry sources told Reuters that VW, the world's largest automaker, has asked producers to submit proposals on supplying the material for up to 10 years from 2019. Click here to read full stories.

Sep 25 - Aluminium surges as winter comes early for Chinese smelters: Andy Home

Christmas has come early for aluminium bulls. In London the price of aluminium for three-months delivery hit a five-year high of $2,199.00 per tonne on Thursday. Click here to read full stories.

Sep 25 - Aluminium producer Norsk Hydro warns of Brazil bauxite shortfall

Norwegian metals maker Norsk Hydro has warned customers of a shortfall in supplies of bauxite from Brazil, the raw material from which aluminium is made, it said on Monday. The Mineracao Rio do Norte (MRN) bauxite mine, where Hydro has five percent ownership and takes a total of 45 percent of the material, is experiencing problems with its tailing systems due to a water shortage caused by dry weather. Click here to read full stories.

Sep 25 - China's top smelting province to cut output in several industries in clean air push

Cities in China's eastern province of Anhui are issuing plans to curb production in the steelmaking, non-ferrous smelting, cement and coal-fired power sectors over the coming winter in a drive to meet a politically crucial air pollution target. Anhui, a key non-ferrous smelting province, took the initiative to curb output even though it has been excluded from Beijing's winter smog "battleplan" applying to 28 cities in the smog-prone northern region. Click here to read full stories.

Sep 25 - Banks trimming credit lines for some traders storing metal in S. Korea - sources

Some banks have begun to pare back credit lines to smaller trading companies holding industrial metals in South Korea amid escalating tensions over North Korea's nuclear and missile program, two industry sources said this week. The banks are reducing their exposure on security concerns in the region. On Thursday, U.S. President Donald Trump and North Korean leader Kim Jong Un traded insults and the United States imposed stricter sanctions on the regime. This followed the launch of a second North Korean rocket over the Japanese island of Hokkaido on Friday. Click here to read full stories.

Sep 25 - Speculators cut bullish COMEX gold bet from one-year high - CFTC

Hedge funds and money managers cut their net long position in COMEX gold contracts from a one-year high in the week to Sept. 19, as they also reduced bullish stances in silver and copper, U.S. Commodity Futures Trading Commission data showed on Friday. The dealers reduced a net long stance in bullion by 22,284 contracts to 242,650 contracts, the data showed. Click here to read full stories.

Sep 25 - Investors wary as Tanzania moves to assert more control over mines

New laws and a crackdown on mining firms in Tanzania has slowed fresh investment in what has long been seen as one of Africa's brightest mining prospects as companies assess the consequences of government efforts to claim a bigger slice of the pie. Takeover bids and exploration plans have been cancelled and workers laid off. Click here to read full stories.

Sep 22 - ICE delays takeover of London's silver benchmark to Oct. 2 

ICE Benchmark Administration, a unit of Intercontinental Exchange (ICE), will take over as operator of London's silver benchmark on Oct. 2, a week later than planned, the exchange said on Thursday. Two current participants in the benchmark, Swiss bank UBS and China Construction Bank (CCB), are not featured in the line-up of entities taking part in the new benchmark process. Click here to read full stories.

Sep 22 - Eldorado backs down on threat to halt Greek investment, for now 

Eldorado Gold on Thursday postponed a decision to freeze its investment in Greece, saying that talks with the country's leftist-led government, which granted it key permits last week, were "constructive". The Canadian miner last week threatened to halt new investment in its Olympias, Skouries and the Stratoni mines in the northern Greek region of Halkidiki from Sept. 22 unless the Greek government granted it permits and showed a willingness to engage in talks.  Click here to read full stories.

Sep 22 - Rio Tinto to increase share buybacks by $2.5 billion 

Flush with cash, Rio Tinto said it would buy back an additional $2.5 billion worth of its shares, dishing out the proceeds from a sale of coal assets earlier than some had expected. The action raises the world no.2 miner's total buybacks this year to $4 billion following announcements in February and August, as miners benefit from recovering prices and costs reduced by years of cutbacks. Investors have been pressing for greater returns. Click here to read full stories.

Sep 22 - Shanghai Futures Exchange raises transaction fee for January 2018 nickel 

The Shanghai Futures Exchange (ShFE) said on Thursday it would triple the transaction fee on its nickel contract for January 2018 delivery. The move, which is effective from Sept. 22, will see the fee increase from 6 yuan ($0.9101) per lot to 18 yuan per lot, according to a brief statement posted on the exchange website. Click here to read full stories.

Sep 22 - Guinea rioters burn down police buildings in mining town, 17 wounded 

Hundreds of rioters in the Guinean bauxite mining town of Boke burned down a police and a gendarmerie building on Thursday and clashed with security forces wielding batons, leaving 17 people injured, the local Red Cross said. Guinean authorities managed to avoid the bloodshed of previous days by desisting from using live bullets on the demonstrators in the Boke neighbourhood of Kolabounyi, Guinean Red Cross member Oumar Kalissa told Reuters by telephone. Click here to read full stories.

Sep 22 - Brazil's Votorantim Metais files for New York, Toronto IPO 

Brazil-based mining company Votorantim Metais Holding SA filed on Thursday for an initial public offering in New York and Toronto, to tap into a wide base of investors betting on a long-term recovery in zinc, copper, lead and silver prices. Parent holding company Votorantim SA, Brazil's largest diversified industrial group, is selling an undisclosed stake in the cross-border listing of VM Holding SA, according to a filing with the U.S. Securities and Exchange Commission. VM Holding will be renamed as Nexa Resources SA and be domiciled in Luxembourg, the filing said. Click here to read full stories.

Sep 22 - Persistent rail service disruptions dog CSX customers

CSX Corp customers, including chemical, automotive and steel producers, are still battling delays and congestion despite the railroad's assurances that it had moved past service disruptions, people familiar with the situation said. The No. 3 U.S. railroad has halted all automobile shipments to or through its yard in Lordstown, Ohio, where new vehicles are unloaded from trains and trucked to dealerships, to give workers time to clear a backlog of rail cars and relieve congestion, according to a CSX email seen by Reuters. Click here to read full stories.

Sep 22 - Trump, Ghani agree U.S. can help develop Afghanistan's rare earth minerals 

U.S. President Donald Trump and Afghanistan President Ashraf Ghani agreed at a meeting in New York on Thursday that U.S. companies could help develop Afghanistan's rare earth minerals, the White House said in a statement. "They agreed that such initiatives would help American companies develop materials critical to national security while growing Afghanistan's economy and creating new jobs in both countries, therefore defraying some of the costs of United States assistance as Afghans become more self-reliant," the White House said. Click here to read full stories.

Sep 22 - Ukraine takes Kazakhstan to WTO over duties on steel pipes 

Ukraine has launched a complaint against Kazakhstan's use of anti-dumping duties on certain types of steel pipes imported from Ukraine, the World Trade Organization said on Thursday. Ukraine has formally "requested consultations" with Kazakhstan, the first step in a trade dispute, which opens a 60- day window for Kazakhstan to settle the matter or face potential litigation. Click here to read full stories.

Sep 21 - The graphite fix: Inside China's newest commodity addiction 

China's aggressive environmental protection campaign has tightened supplies of graphite electrodes used in steelmaking, boosting the fortunes of big producers like Fangda Carbon as mills search far and wide for a material now in short supply. Beijing's campaign for clearer skies has closed thousands of mills and mines producing low-quality steel and coal, and makers of electrodes, particularly those near big cities, have not been spared. Click here to read full stories.

Sep 21 - China's copper smelters hike TC/RCs ahead of 2018 talks - sources 

China's top copper smelters have hiked the floor for fourth-quarter treatment and refining charges (TC/RCs) by as much as 10 percent, more than most traders had expected, in a sign of growing confidence about supplies ahead of 2018 contract talks. The China Smelters Purchase Team (CSPT) set the minimum level for treatment fees at $95 per tonne and for refining charges at 9.5 cents per pound, at their latest meeting in Shanghai on Thursday, two sources close to the team said. Click here to read full stories.

Sep 21 - Iron ore's recent reversal likely the start of longer slide: Russell

Iron ore prices are in retreat as the market starts to factor in realities that it has previously been happy to ignore in the euphoria of a strong rally. As always when prices start to decline after a surge that appeared unrelated to supply-demand fundamentals, the question is will the reverse become a rout and where exactly does fair value lie? Click here to read full stories.

Sep 21 - Shanghai aluminium near 6-yr high on Henan output cut reports 

Shanghai aluminium prices on Wednesday hit their highest in nearly six years on a report that two companies in Henan province have started cutting production almost two months before China's official winter restrictions kick in. The most-traded aluminium contract on the Shanghai Futures Exchange finished up 3.36 percent, its biggest one-day leap since Aug. 9, at 17,055 yuan ($2,594.86) per tonne for its highest close since October 2011. Click here to read full stories.

Sep 21 - Indian billionaire Agarwal to buy bigger stake in Anglo American

Volcan Investments, the family trust of the chairman of diversified miner Vedanta, on Wednesday said it was increasing its stake in Anglo American but did not intend to make a bid for the entire company. In a statement, Volcan said it was increasing its stake by acquiring shares worth between 1.25 billion ($1.69 billion) and 1.5 billion pounds, in addition to the 2 billion pounds spent in March on acquiring a 12.43 percent holding.  Click here to read full stories.

Sep 21 - China's Henan to transfer more aluminium capacity out of the province 

China's Henan province has announced that aluminium capacity from three smelters that have shut down would be available for transfer to other regions in the country. The Commission of Industry and Information Technology of Henan Province said late on Wednesday that 70,000 tonnes per year (tpy) of aluminium capacity would be available for transfer throughout the country. Click here to read full stories.

Sep 21 - U.S. Carlyle Group exits Australian mining services play Coates Hire 

U.S. private equity firm Carlyle Group is quitting its decade-long mining services play in Australia through the A$517 million ($414 million) sale of its controlling stake in the highly leveraged earth-moving equipment provider Coates Hire. Australian media billionaire Kerry Stokes's Seven Group Holdings said it would buy the 53.3 percent stake it did not already own in Coates from the U.S. investment firm, sending Seven shares up as much as 10 percent in a slightly lower overall market. Click here to read full stories.

Sep 21 - Tanzania orders wall built around tanzanite mines to end illegal trade

Tanzania's president ordered the military on Wednesday to build walls around its tanzanite mines and directed the central bank to buy the precious stone to boost reserves - the latest twist in a spat with mining firms over alleged tax evasion. President John Magufuli's government accuses mining firms of cheating Tanzania out of its fair share of mineral wealth through tax dodging and smuggling, allegations they deny. Click here to read full stories.

Sep 21 - Shougang Hierro to invest $1.5 bln on expansion at Peru mine - manager 

Iron ore miner Shougang Hierro Peru, a unit of China's Shougang Group, will invest about $1.5 billion on expanding its processing capacity and building a desalinization plant at its Marcona mine, the company's general manager said Wednesday. Raul Vera said the company will spend about $500 million on a new plant to process tailings that will allow it to bolster output at its operations in southern Peru. Click here to read full stories.

Sep 21 - Miner Hochschild boosts hunt for acquisitions - executive

Precious metals miner Hochschild Mining Plc is doubling down on efforts to find early-stage mining projects to acquire and is open to deposits that depart from its focus on silver and gold, the chief executive said on Wednesday. Speaking at the mining convention Perumin in southern Peru, Ignacio Bustamante said the company was mostly looking at opportunities in mineral-rich countries in the Americas with investor-friendly laws, and mentioned Peru, Mexico, Chile, Colombia, Argentina, Canada and the United States. Click here to read full stories.

Sep 20 - Thyssenkrupp, Tata Steel agree to forge Europe's No. 2 steelmaker 

Germany's Thyssenkrupp India's Tata Steel struck a preliminary deal on Wednesday to merge their European steel operations in a 50-50 joint venture to create the continent's No.2 steelmaker after ArcelorMittal. The deal will not involve any cash, Tata Steel said, adding that both groups would contribute debt and liabilities to achieve an equal shareholding and remain long-term investors. Click here to read full stories.

Sep 20 - China's lead supply chain looks stressed out: Andy Home

Rising price, tightening time spreads and plunging warehouse stocks. The Shanghai Futures Exchange (ShFE) lead contract is showing all the signs of a classic bull market. There is plenty of evidence to suggest that the futures market is accurately reflecting acute stress along the length of the country's physical supply chain. Click here to read full stories.

Sep 20 - BHP pressed to quit Australian mining lobby over climate views

BHP on Tuesday urged shareholders to vote down a resolution aimed at getting the mining giant to quit Australia's top mining lobby group, but said it will separately review its membership of industry bodies. BHP agreed to let shareholders vote on the resolution submitted by an ethical investing group, the Australasian Centre for Corporate Responsibility (ACCR), which says BHP should quit any industry groups whose views on climate change and energy policy conflict with the company's own views. Click here to read full stories.

Sep 20 - Fund buying gives fresh boost to surging palladium

A jump in holdings of palladium-backed exchange-traded funds is ratcheting up pressure on a market that has seen years of deficit, threatening to push prices, already up by a third this year, higher still. Palladium ETFs, which have seen hefty outflows since their mid 2015 peak of 2.6 million ounces, posted their biggest monthly inflows in more than three years in August. Holdings have risen again this month to hit their highest since January. Click here to read full stories.

Sep 20 - China's copper smelters push for higher Q4 treatment charges

China's top copper smelters will seek to set a higher floor for treatment and refining charges (TC/RCs) for the fourth quarter of this year, traders and analysts said, ahead of upcoming talks on 2018 supply contracts with miners. Representatives of the 10 companies on the China Smelters Purchase Team (CSPT) will gather in Shanghai on Thursday for their quarterly TC/RC meeting, two sources close to the group said. Click here to read full stories.

Sep 20 - Southern Copper says it is considering bid for Michiquillay project

Southern Copper, one of the world's largest copper producers, is considering a bid to develop the Michiquillay project in Peru, at a time of strong prices that could rise further in 2019, Chief Executive Oscar Gonzalez said on Tuesday. Gonzalez, who spoke with Reuters on the sidelines of a mining conference in the southern Peruvian region of Arequipa, also said Southern Copper planned to begin an environmental impact study at its Los Chancas copper project in the Andean region of Apurimac early next year. Click here to read full stories.

Sep 20 - Rally in zinc price raises spectre of substitution 

A sharp rally in zinc prices is posing the threat that industrial users will find ways to substitute the metal with cheaper alternatives or use less, curbing overall consumption. High prices may also dampen a nascent move by Chinese automakers to use more zinc for galvanising, while the Western car sector could employ thinner coats of zinc alloys to help meet tough emission rules by cutting vehicle weight. Click here to read full stories.

Sep 20 - Russia's Severstal expects to beat 2017 earnings target

Severstal, one of Russia's largest steelmakers, told Reuters it expects to exceed its 2017 earnings target as it benefits from rising prices for its products. Russian steelmakers such as Severstal and market leader NLMK struggled over the last two years as world steel prices plumbed 11-year lows and Russia's economic crisis sapped domestic demand. Click here to read full stories.

Sep 20 - Buenaventura eyes $2 bln copper project in Peru -chairman 

Buenaventura is considering making a bid on a $2 billion copper project in Peru as the precious metal miner's gold production dwindles and copper prices rally, the company's chairman told Reuters on Tuesday. Speaking at the Perumin industry convention in Arequipa, Peru, Roque Benavides said Buenaventura has already bought the paperwork required to take part in the Nov. 15 auction for Anglo American Plc's former project Michiquillay. Click here to read full stories.

Sep 20 - Goldplat miner seeks to tame Africa risk

Upheaval in Tanzania, where the government has made huge tax demands and seized minerals, has triggered changes in neighbouring Kenya, which should reassure the industry, said the CEO of Goldplat, which operates a gold mine there. Chief Executive Gerard Kisbey-Green said he was nevertheless seeking to diversify his portfolio to cover more African nations and to expand into platinum group metals as he strives to offset African risk. Click here to read full stories.

Sep 20 - Guinean protests halt operations of bauxite miner CBG

Guinean bauxite miner CBG's operations were halted again on Tuesday by protesters who blocked roads and train tracks in the town of Kamsar over power cuts, three sources said. Deadly riots froze mining operations in the town of Boke and surrounding region including Kamsar last week, the latest in a series of protests to grip the West African country this year. Click here to read full stories.

Sep 19 - Korean tensions cause tremors in metals as copper price slides

Escalating tensions in the Korean peninsula are rippling through to metals markets as some banks back away from exposure to large amounts of copper in South Korea, metal industry sources said. North Korea's latest test missile flew over Hokkaido in northern Japan on Friday and landed in the Pacific. It traveled about far enough to reach the U.S. Pacific territory of Guam, which the North has threatened before. Click here to read full stories.

Sep 19 - Latest LME copper stocks surge shakes price and spreads: Home

Here we go again on the London Metal Exchange (LME) copper stocks roller coaster. Headline LME inventory jumped 46 percent to 304,350 tonnes over the course of last week. Live on-warrant inventory surged by 87 percent to 217,500 tonnes, a level last seen in July. Which is when the previous LME stocks surge took place. Click here to read full stories.

Sep 19 - Brazil's Vale to meet debt target before implementing new growth plans - exec

The new growth strategy being evaluated by Brazil's Vale would only be implemented once the company meets its debt reduction targets, an executive director for the world's largest iron ore producer said on Monday. The company is also interested in investing in the electricity sector itself or through a joint venture, including potentially bidding for Companhia Energetica de Minas Gerais hydroelectric projects, said Clovis Torres, an executive director who oversees legal issues and human resources. Click here to read full stories.

Sep 19 - Hedge funds bet on bright future for metals 

Hedge fund investment in the metals industry is at its highest since 2011, according to investment data, a sign that investors are hoping to profit from a rise in prices that have spent years in the doldrums. The investment by hedge funds follows a broader inflow of money into industrial metals, where prices are rising after production cutbacks helped to reduce a supply glut. Click here to read full stories.

Sep 19 - Kinross Gold to spend $1 bln to expand mines, stock falls 

Kinross Gold Corp, as expected, gave the go-ahead on Monday to spend more than $1 billion to expand two of its gold mines, including its Tasiast mine in West Africa, but its shares fell as investors took profits after a stellar run this year. Kinross okayed a second-phase, $590 million expansion at its Tasiast operation in Mauritania, which will help the company, the world's fifth-biggest gold miner by output, maintain production levels as some of its other shorter-life mines show declines. Click here to read full stories.

Sep 19 - China's copper smelters push for higher Q4 treatment charges

China's top copper smelters will seek to set a higher floor for treatment and refining charges (TC/RCs) for the fourth quarter of this year, traders and analysts said, ahead of upcoming talks on 2018 supply contracts with miners. Representatives of the 10 companies on the China Smelters Purchase Team (CSPT) will gather in Shanghai on Thursday for their quarterly TC/RC meeting, two sources close to the group said. Click here to read full stories.

Sep 19 - Petra Diamonds restarts Tanzania mine, sticks to output target 

Petra Diamonds has resumed operations at its Williamson mine in Tanzania after a four-day stoppage, it said on Monday, adding that its full-year production target remains unchanged. The London-listed miner halted operations at the mine last week after the Tanzania government seized a consignment of diamonds and questioned Petra personnel as part of a crackdown on the mining sector.  Click here to read full stories.

Sep 19 - South Africa's Implats in talks that could lead to 2,500 job cuts 

South Africa's Impala Platinum has started talks with the government and unions that could see up to 2,500 workers laid-off at its Rustenburg operations west of Johannesburg, the company said on Monday. Implats, the world's second biggest platinum producer, said last week job cuts were possible after it reported a 2017 year loss. The Rustenburg operations have been hit by social and labour strife in recent years. Click here to read full stories.

Sep 19 - Tokyo Steel says to raise product prices for second month 

Tokyo Steel Manufacturing Co Ltd, Japan's top electric-arc furnace steelmaker, said on Tuesday it would raise its product prices for a second month in October due to higher overseas prices and a tight domestic market. The company will boost prices on all its products in October by 3,000 yen ($26.9) per tonne, or by 3.3 to 5.1 percent. It increased its product prices in September by up to 5.4 percent. Click here to read full stories.

Sep 19 - Botswana seeks option to buy unusually big diamonds from its mines 

Botswana is amending its law to give the government the first option to buy diamonds that are unusually large or have other unusual features found in its mines, such as the world's second-biggest 1,109 carat diamond discovered two years ago. The cornerstone of Botswana's success has been one commodity, diamonds, coupled with a rigid adherence to prudent use of revenues, a rarity on a continent where natural riches are routinely squandered or stolen, or the cause of civil war. Click here to read full stories.

Sep 18 - China's 2017 steel output to rise 3-5 pct despite mill closures - CISA 

China's steel output is expected to grow 3 percent to 5 percent in 2017 compared with last year, said a trade body official on Saturday, despite the closure of small outdated mills as surging prices prompted larger players to turn out more metal. The world's largest steel producer will make about 840 million tonnes of crude steel this year, said Qu Xiuli, vice president at China Iron and Steel Association (CISA). Last year, the country produced 808 million tonnes of steel. Click here to read full stories.

Sep 18 - Electric London cabs spur reopening of UK aluminium plant 

Norwegian aluminium components producer Sapa is reopening a British plant to supply material for the country's first electric vehicle factory that will produce London black cabs. The move is a welcome one for Britain as it negotiates a divorce from the European Union that some fear will dampen investment. Click here to read full stories.

Sep 18 - Eldorado gets more Greek mine permits, but standoff persists 

Greece granted Eldorado Gold Corp two remaining permits on Friday for its Olympias mine, the government's latest attempt to defuse a standoff with the Canadian miner, which has threatened to suspend investment in the country. After Eldorado warned on Monday that it could halt new investment starting Sept. 22, blaming years-long permit delays and a lack of information on an upcoming arbitration, Greece issued key mine permits on Wednesday and detailed arbitration proceedings on Thursday. Click here to read full stories.

Sep 18 - Petra Diamonds restarts Tanzania mine, says to meet FY output target

Petra Diamonds Ltd on Monday said it resumed operations at Williamson mine in Tanzania after a four-day stoppage and that it remained on track to meet production guidance for the current financial year. Petra Diamonds halted operations at the Tanzanian mine last week after the government seized a consignment and questioned some of its personnel as part of a crackdown on the mining sector. Click here to read full stories.

Sep 18 - Speculators increase bullish COMEX gold stance for 9th week 

Hedge funds and money managers raised their net long position in COMEX gold contracts for the ninth straight week, bringing it to a one-year high in the week to Sept. 12, U.S. government data showed on Friday. The speculators also added to their bullish stance in silver futures and options, taking it to the highest level since late-April while they reduced it in copper for the first time in nine weeks, the Commodity Futures Trading Commission (CFTC) data showed. Click here to read full stories.

Sep 18 - Deadly riots block mining operations in Guinea bauxite town

Unrest over wages and electricity cuts kept the Guinean bauxite mining hub of Boke partially blocked on Friday after a night of gunfire in which witnesses said youths set up roadblocks and burnt tyres. A 17-year-old boy was shot and killed on Thursday, his grandfather said. The West African state's Security forces shot dead another man when they intervened to break up riots on Wednesday.  Click here to read full stories.

Sep 18 - Labour leaders warn of breakup of Thyssenkrupp - leaflet 

Labour representatives warned of the dangers of a break-up of Thyssenkrupp, one of the alternatives to a merger of the German group's European steel operations with those of Tata Steel. Steel workers will meet in the western city of Bochum on Sept. 22 to demonstrate against the planned joint venture, the preferred option of Thyssenkrupp boss Heinrich Hiesinger. Workers are concerned that thousands of jobs will be lost. Click here to read full stories.

Sep 18 - India's JSW Steel aims to increase own iron ore production 

JSW Steel Ltd, India's biggest local steelmaker, aims to be producing 80 percent of the iron ore needed for its flagship plant in south India in three years time as it seeks to cut costs, a senior executive said. The company expects to begin producing ore from mines it won in a recent auction in the southern state of Karnataka by March, at an annual run rate of 4.7 million tonnes, Deputy Managing Director Vinod Nowal said, adding that it was also planning to bid for more mines in an upcoming auction. Click here to read full stories.

Sep 15 - Gold miners seek safety as political risks rise 

Canadian miner Eldorado Gold Corp's threat this week to freeze investments in Greece after years of frustrating and costly permit delays highlighted the risks the industry faces when it strays away from mining-friendly countries.After moving into higher-risk countries in recent years to mine new deposits, companies are being forced to seek safe havens during a rise in so-called resource nationalism and other political headwinds. Click here to read full stories.

Sep 15 - Fortescue says CEO to step down, growth focus to shift beyond mining 

Fortescue Metals Group Chief Executive Neville Power will step down in February, a voluntary but surprise departure that sent shares sliding, as the world's fourth-biggest iron ore producer looks to diversify beyond mining.The stock closed down 4 percent at A$5.81,the lowest in nearly a month. Power's departure after more than six years at the helm was announced just a few weeks after the 59-year-old steered the company to a record final dividend on annual profit that more than doubled.  Click here to read full stories.

Sep 15 - Brazil's Vale vows to appeal court decision halting nickel mine 

Vale said on Thursday it will appeal a court decision forcing the Brazilian miner to halt operations at Amazonian nickel mine Onça Puma until it takes measures benefiting a local indigenous community.Following a trial on Wednesday, the lead judge in a federal court said studies showed metal concentration in a nearby river above permitted levels and said the company has not presented plans to help affected indigenous communities. Click here to read full stories.

Sep 15 - Russia's Norilsk boosts China team ahead of launch of big copper mine 

Russia's Norilsk Nickel has boosted its trading team in China as it prepares to start up a copper, iron and gold mine in the far east of Russia, the world's second-largest nickel producer told Reuters.Moscow-based Nornickel in August hired Li Chunlan to market copper concentrate and Zhao Xin to market iron ore from the Bystrinsky mine. Li's role will also involve finding customers for nickel concentrate, people familiar with the appointment said. Click here to read full stories.

Sep 15 - China's Hebei vows coal curbs ahead of winter smog war 

Hebei, China's smoggiest province, on Friday said it would ensure it meets its targets to replace coal with natural gas, while accelerating efforts to achieve politically crucial 2017 air quality targets.The local government said on its official website on Friday that it would ensure as many as 1.8 million households completed the switch to gas from coal for fuel and heating by the end of next month, despite concerns in the province that the transition was proving too costly and difficult. Click here to read full stories.

Sep 15 - Eldorado Gold starts arbitration process on Greek project 

Canada's Eldorado Gold Corp said on Thursday that it received formal notice of arbitration from Greece, a further advance in its long-running permit tussle, but not enough for the miner to reconsider a looming investment freeze.Eldorado warned on Monday that it would halt new investment starting Sept. 22, blaming years-long permit delays and a lack of information on an arbitration process that Greece announced in June to settle differences over mine development.  Click here to read full stories.

Sep 15 - Brazilians toil for gold in illegal Amazon mines 

Informal mining in Brazil is seen by many as a scourge polluting the Amazon rainforest, poisoning indigenous tribes and robbing the nation of its wealth.For others it is a way of life.Brazilian garimpos, or wildcat mines, are operated by small crews of men, often caked in red-brown mud and working with rudimentary pans, shovels and sluice boxes that have been used for centuries. Click here to read full stories.

Sep 15 - Germany urges Thyssenkrupp to reach deal with unions over Tata 

Germany's Economy Minister urged management at Thyssenkrupp to seek an agreement with its workers over plans to merge the group's European steel operations with those of Indian peer Tata Steel.A joint venture with Tata Steel is the preferred option of Thyssenkrupp Chief Executive Heinrich Hiesinger to restructure the group's steel business, despite ongoing resistance from labour representatives, who fear thousands of job cuts. Click here to read full stories.

Sep 15 - U.S. accuses California firm of illegal Chinese aluminum imports - WSJ 

The U.S. Justice Department has accused California-based Perfectus Aluminum Inc of illegally importing aluminum from China, evading $1.5 billion in tariffs, the Wall Street Journal reported citing a government complaint filed on Thursday.The Justice Department alleges that Perfectus is “effectively owned” and controlled by Liu Zhongtian, founder and chairman of Chinese aluminum firm China Zhongwang Holdings Ltd, and violated a 2010 Commerce Department ban on certain aluminum imports from China, according to the civil complaint seen by the WSJ.  Click here to read full stories.

Sep 15 - Professionals at Codelco's Radomiro Tomic mine ink wage deal 

Chile's state-run copper company Codelco has signed a new collective contract with the professionals' union at its Radomiro Tomic mine, the company said on Thursday.The agreement, which will last 35 months, includes no salary adjustment, but does give workers a one-time bonus of 6.35 million pesos ($10,140). Click here to read full stories.

Sep 15 - U.S. accuses ex-UBS metals trader of rigging metals prices 

U.S. prosecutors have charged a former senior precious metals trader at UBS Group AG with fraud and conspiracy over his alleged role in rigging prices.According to a criminal complaint made available on Wednesday, Andre Flotron and his co-conspirators placed "spoof" orders for precious metal futures contracts that they intended to cancel before they could be executed. Click here to read full stories.

Sep 15 - Minmetals boosts battery prospects with lithium extraction 

China Minmetals Corp said on Thursday it had successfully extracted its first batch of industrial grade lithium carbonate from a salt lake in northwest China, in a boost to its bid to supply the country's booming battery sector.The state-owned company's first 150 kilograms of lithium carbonate from Yiliping salt lake in Qinghai province recently came off the production line thanks to technology it had developed in-house, Minmetals said in an emailed statement, without providing any future output targets. Click here to read full stories.

Sep 14 - Greece to grant mining permits to Canada's Eldorado as workers protest 

Greece said on Wednesday it would grant Canada's Eldorado Gold outstanding permits this week to enable it to fully operate one of its three Greek projects, days after the miner threatened to suspend a major investment in the country.Eldorado's investment in northern Greece is among the biggest since its debt crisis began seven years ago and has long been viewed as a litmus test of Greece's resolve to attract foreign capital. But differences have dragged on for years, especially over compliance with environmental regulations. Click here to read full stories.

Sep 14 - China rattles critical metals supply chains: Andy Home 

What have the following metals all got in common? Ferro-silicon, vanadium, tungsten and neodymium.The answer is that all have seen explosive price rises over the last couple of months. Click here to read full stories.

Sep 14 - Thyssenkrupp's home state in favour of Tata Steel tie-up 

The government of North Rhine-Westphalia, home to engineering and steel group Thyssenkrupp, has come out in favour of the group's planned merger of its European steel operations with those of Tata Steel."The potential merger with Tata is an opportunity to tie up with a strong partner in Europe," the state's Economy Minister Andreas Pinkwart, a member of the pro-business Free Democratic Party, said in a parliamentary session on Wednesday. Click here to read full stories.

Sep 14 - Record premium for high-grade iron ore as China toughens smog fight 

The gap between high-grade and low-grade iron ore shot to a record this week as China's intense environmental clean-up pushed more steel producers to use higher quality material to boost output.The increased appetite for higher grade iron ore has helped strengthen the market share of top suppliers Australia and Brazil to more than 80 percent of China's total iron ore imports, forcing shippers of lower grade material to offer steeper discounts to draw buyers. Click here to read full stories.

Sep 14 - China's environmental crackdown hits August metals output 

China's non-ferrous metal output fell to a one-year low in August, in a sign that Beijing's environmental crackdown is curbing supplies of base metals, with aluminium also hit by efforts to rein in output.Production of 10 nonferrous metals - including copper, aluminium, lead, zinc and nickel - fell 2.2 percent to 4.42 million tonnes, official data showed on Thursday, the lowest in a year and the first year-on-year drop since December 2015. Click here to read full stories.

Sep 14 - Chalco agrees $1.5 bln debt financing plan with China Pacific Insurance 

Aluminum Corp of China Ltd on Wednesday said it had agreed a debt financing plan, worth up to 10 billion yuan ($1.53 billion), with China Pacific Insurance Group Co to help fund construction of key projects.Total liabilities for Chalco, China's No.2 aluminium smelter by capacity, stood at 96.334 billion yuan as of end-June, according to a Hong Kong stock exchange filing from last month. Click here to read full stories.

Sep 14 - China's Zhongwang buys German aluminium extruder ALUnna 

China Zhongwang Holdings Ltd said on Wednesday it had acquired a controlling stake in a German aluminium extrusion firm that mainly supplies aircraft manufacturers.Zhongwang, the world's second-largest aluminium extruder, would hold a 99.72 percent equity interest in Aluminiumwerk Unna AG (ALUnna) via its wholly owned German subsidiary, Zhongwang Aluminium Deutschland GmbH, ALUnna said in a statement. Click here to read full stories.

Sep 14 - Zimplats FY profit rises despite lower platinum output 

Zimbabwe's Zimplats, which is majority controlled by Impala Platinum, posted a sharp increase in full-year profit as higher platinum prices and recouped Treasury bills offset lower production, the company said on Wednesday.Zimplats reported profit before tax of $101 million in 2017, up from $29.3 million in 2016. Platinum output slid to 281,080 ounces from 290,410 ounces last year, the company said. Click here to read full stories.

Sep 13 - German cartel authorities investigate Austria's Voestalpine 

Austrian specialty steelmaker Voestalpine said Germany's antitrust regulator raided its headquarters in Linz on Tuesday as part of an investigation into steel producers.Germany's competition watchdog last week widened its investigation into suspected violations of antitrust laws in the industry, with ArcelorMittal and Salzgitter confirming searches at some of their subsidiaries.  Click here to read full stories.

Sep 13 - Hummingbird Resources to take wing with Malian gold 

London-listed junior miner Hummingbird Resources is exploring for opportunities and investigating derivatives to manage gold price risk, as it brings online a Malian mine its much bigger previous owner Gold Fields rejected.Hummingbird's shares have risen by more than 80 percent this year, boosted by anticipation its Yanfolila project will produce the first gold on schedule in December. Click here to read full stories.

Sep 13 - China's Hunan province touts 'super-large' tin, fluorite find 

China's Hunan province said on Tuesday it had confirmed the presence of almost 90,000 tonnes of tin ore and over 12.9 million tonnes of fluorite in a region that is part of a prolific mining belt in the south of the country.The "super-large-scale" resources in Yizhang county have a potential economic value of more than 10.7 billion yuan ($1.64 billion), according to the Bureau of Geology and Mineral Exploration and Development of Hunan Province. Click here to read full stories.

Sep 13 - Australia's Newcrest restarts output at part of quake-damaged gold mine 

Australia's Newcrest Mining Ltd on Wednesday said it had restarted production at a second part of its flagship Cadia gold mine, which was damaged in an earthquake in April.Australia's largest independent gold miner said output had started in Cadia's 'Panel Cave 1', with production there expected to return to normal levels by the end of next March. Click here to read full stories.

Sep 13 - Investors greet gold miner Petropavlovsk's profit rise with caution 

Shares in Russian-focused gold miner Petropavlovsk fell on Tuesday after the company reported a rise in first-half profit as analysts said it was too soon to tell what difference changes at the top would make.Petropavlovsk returned to profit in 2016 after restructuring to tackle its debts, but faced further turmoil this year as rebel shareholders ousted founder Peter Hambro in June and voted in new board members, citing corporate governance failures.  Click here to read full stories.

Sep 13 - S.African miner Lonmin says licence not at risk after ministry warning 

The South African mines ministry has told platinum miner Lonmin that it failed to meet some of its social and labour obligations, the producer said on Tuesday, but added it did not think its operating licence was in jeopardy.The London-listed miner received a letter last week from South Africa's Department of Mineral Resources detailing the areas that the miner had neglected, company spokeswoman Wendy Tlou said. Click here to read full stories.

Sep 12 - Lacking alternatives, HKEx has to keep the faith with London Metal Exchange: Andy Home 

The London Metal Exchange (LME) last week laid out its plans for stemming a near three-year slide in trading volumes.The first step will be a dramatic cut in some of the exchange's trading fees as it looks to grab back business that has been seeping into the over-the-counter (OTC) shadows. Click here to read full stories.

Sep 12 - Thyssenkrupp may reach preliminary Tata Steel deal this month 

Thyssenkrupp may reach an agreement in principle this month to merge its European steel business with that of Tata Steel, the group said on Monday, adding talks were constructive and had entered the final stretch.A spokeswoman for Thyssenkrupp said the companies were close to a memorandum of understanding (MoU), paving the way for a detailed look at one another's books and detailed negotiations before creating the second-largest steelmaker in Europe. Click here to read full stories.

Sep 12 - Canada's Alamos Gold buys Richmont in a deal valued at C$905 mln 

Canada's Alamos Gold Inc will buy smaller rival Richmont Mines Inc in a deal valued at about C$905 million ($747 million) to create a top-10 gold producer in North America.Richmont shareholders will receive 1.385 Alamos share for each share held, or C$14.20, representing a 22 percent premium to Richmont's last close.  Click here to read full stories.

Sep 12 - Canada's Centerra settles mine dispute with Kyrgyzstan, shares up 

Canadian miner Centerra Gold Inc said on Monday it has reached an agreement with Kyrgyzstan to settle all outstanding disputes with the Central Asian country over its Kumtor gold mine, the company's and the country's biggest.All Kyrgyz environmental claims, other proceedings and court orders against Kumtor will be dropped and Centerra will be able to transfer funds out of the country that had been frozen by the government, the company said in a statement. Click here to read full stories.

Sep 12 - Brazilian steelmaker CSN fills long-vacant CFO post 

Cia Siderúrgica Nacional SA, Brazil's third largest flat steelmaker, said on Monday it has named Marcelo Cunha Ribeiro as chief financial officer starting Sept. 12, filling a post that had been vacant for over a year.As CFO, Cunha Ribeiro will need to address the company's failure to release financial statements for full-year 2016 performance and the first two quarters of 2017. Click here to read full stories.

Sep 12 - Canada's Sherritt eyes nickel products for booming battery market 

The rise of electric cars is spurring Sherritt International Corp to consider branching into producing the types of nickel most sought after by battery manufacturers, the chief executive of the Canadian company said on Monday.David Pathe said Sherritt, which is one of the world's largest producers of nickel, was studying the economics around building a plant to produce nickel sulphate, a powder-like substance particularly suited for use in batteries. Click here to read full stories.

Sep 12 - Zambia sees copper output easing slightly this year 

Zambia's copper production is expected to inch lower this year mainlydue to lower output from Konkola Copper Mines, a subsidiary of London-listed Vedanta Resource, the mines ministry said on Monday.Total copper production is forecast to fall to 753,992 tonnes from 774,290 in 2016, Ministry of Mines Permanent Secretary Paul Chanda told reporters. Click here to read full stories.

Sep 12 - China's Jiangxi Copper names new chairman 

Jiangxi Copper Co, China's largest copper producer, has named Long Ziping as its new chairman after accepting the resignation of his predecessor Li Baomin on Monday.In a statement to the Shanghai Stock Exchange, the company said Li, who had held the top post since 2013, had submitted his resignation to the board of directors, citing his age, and this had been unanimously accepted at a board meeting on Monday. Click here to read full stories.

Sep 11 - Cargill sells U.S. metals ops to Japan's Metal One as boosts focus on food 

Global commodities trader Cargill Inc said it has agreed to sell its U.S. metals business to Japan's Metal One Corp, its latest move to boost its focus on higher-margin food and agricultural businesses.A deal was signed on Friday and the two parties expect to close the sale later this year, Cargill said on Sunday. It did not give a sale price. Click here to read full stories.

Sep 11 - Speculators raise bullish COMEX gold bets to near 1-yr high - CFTC 

Hedge funds and money managers raised their net long position in COMEX gold for the 8th straight week to the highest in nearly a year in the week to Sept. 5, and further upped their bullish stance in copper to a fresh record, data showed on Friday.Speculators increased their bullish stance in bullion by 17,691 contracts to 249,588 contracts, the Commodity Futures Trading. Click here to read full stories.

Sep 11 - Eldorado suspends investment in Greece citing regulatory hurdles

Canada's Eldorado Gold Corp said on Monday it would suspend investment at its mines and development projects in Greece due to a delay in permits from the Greek government.The company said no additional investment will be made into the Olympias and Skouries projects and the Stratoni mine in Greece, and will place them on care and maintenance from Sept. 22. Click here to read full stories.

Sep 11 - London Metal Exchange rolls back the years to move forwards: Andy Home 

"The core mission of the London Metal Exchange (LME) is to provide pricing, risk management and terminal market services to the global physical metals industry".A statement of the obvious, maybe?But, according to LME chief executive Matt Chamberlain, "we haven't always said it enough". Click here to read full stories.

Sep 11 - Shareholders urge Thyssenkrupp to get on with Tata Steel deal 

Thyssenkrupp shareholders are urging the group to clinch a deal with Tata Steel to merge their European steel businesses this year, warning failure to do so would be a blow to its credibility.Talks between the two firms over a potential combination have been dragging on for a year and a half, held up mainly by lengthy negotiations to cut Tata Steel's pension liabilities in Britain that ended with an agreement last month.  Click here to read full stories.

Sep 11 - China's commodity imports show why rally in prices may stall: Russell 

China's imports of major commodities in August illustrate both why prices have gained in recent months and why this rally may be running out of steam.Imports of crude oil, copper, coal and iron ore remained relatively robust in August, but the customs data released on Sept. 8 also showed a certain loss of momentum. Click here to read full stories.

Sep 11 - Petra Diamonds says export parcel from Tanzanian mine blocked 

Petra Diamonds Ltd said on Monday a parcel of diamonds from a mine it co-owns in Tanzania was blocked from export and that authorities were questioning some personnel.Tanzanian President John Magufuli last week ordered a review of a Petra contract and asked public officials to resign over the outcome of an investigation into the mining sector. Click here to read full stories.

Sep 08 - LME to slash some fees to win back volumes as rivals circle

The London Metal Exchange sought on Thursday to win back trading volumes by proposing a cut in fees for trades crucial to its physical user base as rivals gear up to offer alternatives. The exchange has been battling to reverse declines in volumes partly triggered by large rises in trading fees in 2015 that were introduced to lift profits for its Hong Kong owner. Click here to read full stories.

Sep 08 - Tin drops off investors' radar as London market shrinks: Home 

Industrial metal prices may be on a roll but no one seems to have told the tin market.  The London Metal Exchange (LME) base metals index has surged by 20 percent in three months. LME three-month tin, by contrast, remains trapped in a broad $19,000-$21,000 a tonne range that has defined trading for much of the year. Click here to read full stories.

Sep 08 - China's iron ore imports edge up in August as steel prices soar 

China's iron ore imports edged up in in August as soaring steel prices increased appetite for high-grade foreign ore in the world's biggest steel producer. Iron ore shipments reached 88.66 million tonnes last month, up 1.1 percent from a year ago and up 2.8 percent from July, according to data from the General Administration of Customs on Friday. Click here to read full stories.

Sep 08 - EU states at odds over steel tariffs against Russia, Brazil 

European Union governments rejected the bloc's proposed measures to levy punitive tariffs on hot-rolled steel from Brazil, Iran, Russia and Ukraine on Thursday, with some member states considering the measures too lax, others too tough. European steelmakers have accused the four countries of dumping the steel used in construction and machinery and the European Commission, which oversees trade policy in the 28-member European Union, had set out plans to levy tariffs of up to 33 percent. Click here to read full stories.

Sep 08 - Cuba shuts down nickel industry as Hurricane Irma approaches

Cuba has begun to shut down its nickel industry in preparation for Hurricane Irma, state-run television said on Thursday. One of two processing plants, the state-owned Ernesto Che Guevara, was closed, and the second, a joint venture with Canadian miner Sherritt International Corporation, was operating at minimum capacity and was set to close as conditions warrant, the report said. Click here to read full stories.

Sep 08 - Australia state raises gold royalty, other mining fees to repair budget

Gold miners in Western Australia state are being hit with an increase in royalty payments under measures released on Thursday that are designed to return the one-time "economic engine of a nation" to fiscal health via revenue from the mining sector. The royalty hike to 3.75 percent from 2.5 percent per ounce of gold is expected to raise an additional A$392 million ($313 million) over four years and is aimed at helping to repair the state's finances following the mining boom collapse of a half-decade ago, according to Western Australia Premier Mark McGowan. Click here to read full stories.

Sep 08 - Tanzania orders review of Petra Diamonds contract in mining crackdown

Tanzanian President John Magufuli has ordered a review of a Petra Diamonds Ltd contract and asked senior public officials to resign over the outcome of an investigation into the mining sector, he said on Thursday. One minister quit his post as requested, state-run television reported. Click here to read full stories.

Sep 08 - South Africa aims to pass delayed mining law by December - minister

Amendments to South Africa's mineral resources law are expected to be passed by December and provide greater investor certainty, Mines Minister Mosebenzi Zwanesaid on Thursday. Changes to the Mineral and Petroleum Resources Development Act were initially passed by parliament three years ago but were then sent back to lawmakers by President Jacob Zuma in 2015 due to concerns over its constitutionality. Click here to read full stories.

Sep 07 - China's Guangzhou port storage facilities unable to accept new coal cargoes - official 

China's Guangzhou port, the largest coal transport hub in southern China, said on Thursday that its storage facilities are currently unable to accept new coal cargoes.Bad weather in recent weeks has led to a backlog of cargoes, a Guangzhou Port Co official told Reuters, with storage facilities almost full. "We've had three typhoons since the end of August and lots of rains in recent weeks," said the official, who declined to be identified by name pending a statement to the Shanghai Stock Exchange. Click here to read full stories.

Sep 07 - LME to upgrade electronic trading system after complaints 

The London Metal Exchange (LME) is set to upgrade and strengthen its electronic trading system after falling volumes and user complaints about outages and poor functionality.The LME launched a discussion on market structure and reform in April after trading volumes fell 4.3 percent in 2015 and 7.7 percent in 2016. It will publish the results on Thursday. Click here to read full stories.

Sep 07 - U.S. starts probe into steel flanges from China, India 

The U.S. Department of Commerce on Wednesday said it began an investigation into possible dumping and subsidization of stainless steel flanges from China and India.Commerce Secretary Wilbur Ross announced the trade action in a statement, saying: “The Department will act swiftly, while assuring a full and fair assessment of the facts, to ensure that everyone trades on a level playing field.” Click here to read full stories.

Sep 07 - China to loan Guinea $20 bln to secure aluminium ore 

China agreed on Wednesday to loan Guinea $20 billion over almost 20 years in exchange for concessions on bauxite, an ore of aluminium which the West African country has in abundance, the mines minister said.The projects guaranteed by the loan included China Power Investment Corp's (CPI) planned alumina refinery and Aluminium Corp of China's (Chalco) bauxite mine and another bauxite project by China Henan International Cooperation Group, all of them in the northwestern town of Boffa. Click here to read full stories.

Sep 07 - Rio Tinto raises coal reserve estimate for Australia mine 

Global miner Rio Tinto said it has increased its estimate of coal reserves by 50 percent at the Kestrel mine in the Australian state of Queensland, which it has reportedly put up for sale.Rio Tinto said on Tuesday that it now estimates ore reserves at the Kestrel mine at 185 million tonnes, up from 123 million tonnes previously.  Click here to read full stories.

Sep 07 - Thyssenkrupp sees boost for steel from shift to electric cars 

Thyssenkrupp's European steel business, expected to be merged soon with its counterpart at Tata Steel, will get a boost from the auto industry's shift towards electric vehicles, a senior executive at the group said.Investors and analysts are closely watching any hints from Thyssenkrupp over the restructuring of its steel operations in Europe, with many expecting a merger could mark the first step towards a full exit of the business. Click here to read full stories.

Sep 07 - Gold miner Acacia buys put options at $1,300 per ounce 

Acacia Mining, which is scaling back operations to cut losses and settle a dispute with the Tanzanian government, has spent $3.2 million on options to sell 210,000 ounces of its gold output at $1,300 per ounce.Shares in Acacia, majority-owned by Barrick Gold, have lost almost half their value since the start of the year, after Tanzania banned concentrate exports at the start of March and then, in July, demanded $190 million in unpaid taxes. Click here to read full stories.

Sep 07 - Brazil's Cade gives final okay to Ternium-CSA deal, rejects CSN appeal 

The board of Brazil antitrust agency Cade gave final approval on Wednesday to Ternium SA's acquisition of Thyssenkrupp AG's Brazilian steel mill CSA Cia Siderúrgica do Atlántico SA, rejecting an appeal by a Brazilian rival.Cade first approved the deal, valued at 1.5 billion euros ($1.8 billion), in August, but Brazilian steelmaker Cia Siderurgica Nacional appealed as an interested third party. Click here to read full stories.

Sep 06 - London Metal Exchange trading fees likely to be cut - HKEX chief 

Trading fees at the London Metal Exchange (LME) will likely be cut to bolster liquidity at the world's oldest and largest market for industrial metals, said the chief executive of its owner, Hong Kong Exchanges & Clearing (HKEX).A 31 percent average fee hike in January 2015 is cited by metal industry officials as a major reason behind tumbling LME volumes, and the exchange is expected to announce fee cuts when it releases an industry reform plan later this week.  Click here to read full stories.

Sep 06 - What are surging industrial metal prices telling us? Andy Home 

Copper hit a three-year high of $6,970 per tonne on the London Metal Exchange (LME) on Tuesday morning.Aluminium is faring even better, trading above $2,100 per tonne for the first time since 2013.Zinc eclipses both. At a current $3,200 per tonne it is traversing chart levels last seen during the great bull run of 2007-2008. Click here to read full stories.

Sep 06 - Brazil watchdog arm recommends rejecting ArcelorMittal-Votorantim tie-up 

A body of Brazil's antitrust watchdog Cade has recommended the rejection of ArcelorMittal SA's proposed acquisition of Votorantim Siderurgia SA, saying the tie-up would impact competition in the nation's long steel market.In a statement on Tuesday, Cade's general superintendency said the merger of two of Brazil's top-three long steelmakers could hamper competition. It said the deal could lead to price-fixing, giving the combined entity extra market power for scrap in Brazil's southeastern region, the nation's most industrious. Click here to read full stories.

Sep 06 - Platinum market back in surplus in second quarter - WPIC 

The platinum market edged back into surplus in the second quarter, an industry report said on Wednesday, as rising supply and a drop in automotive, jewellery and industrial demand erased the previous quarter's 305,000-ounce shortfall.With investment, which held steady in the last quarter, also expected to halve this year, the market is set to pull close to balance in 2017 after years of deficit, the World Platinum Investment Council said in its latest Platinum Quarterly report. Click here to read full stories.

Sep 06 - Gold miner Acacia buys put options at $1,300 per ounce 

Gold miner Acacia, which is locked in a dispute with the Tanzanian government, said it has bought put options covering 210,000 ounces of gold at $1,300 per ounce.The options, worth $3.2 million, provide a minimum price for the majority of the group’s expected doré bar production for the next six months above its budgeted gold price of $1,200 per ounce, the miner said on Wednesday. Click here to read full stories.

Sep 06 - Polyus starts commissioning gold mine project in Russia's Far East 

Russia's top gold producer Polyus said on Tuesday it had started commissioning its Natalka mine in the country's Far East, a project that is expected to help the firm lift its gold output by a third by 2019.Commissioning of the Natalka plant, the largest in Russia with capacity to process 10 million tonnes of ore a year, was formally launched by President Vladimir Putin during this year's annual economic forum in the Pacific port of Vladivostok. Click here to read full stories.

Sep 06 - Philippines' Duterte wants to keep open-pit mining ban 

Philippine President Rodrigo Duterte said on Tuesday he agreed with banning open-pit mining in the world's top nickel ore exporter given the environmental damage it causes but would give mining firms time to find other ways to extract minerals.Duterte said in a televised speech that the extraction process was a "dangerous environmental activity" and that he had asked Environment and Natural Resources Secretary Roy Cimatu "to look into the eventual closure of open-pit mining". Click here to read full stories.

Sep 06 - Canadian miner Teck slumps as China's CIC fund sells partial stake 

A unit of Chinese sovereign wealth fund China Investment Corp (CIC),a cornerstone shareholder of Teck Resources Ltd, has sold around 41.5 percent of its stake in the Canadian miner, Teck said on Tuesday, sending its shares tumbling.Teck said that CIC, which bought a 17.2 percent stake in Vancouver-based Teck in 2009, had advised it that the private sale was done in the "ordinary course of its portfolio adjustment". Click here to read full stories.

Sep 06 - Russia's Vekselberg says doesn't want to increase stake in Rusal further 

Russian billionaire Viktor Vekselberg said on Wednesday he did not want to increase further his stake in Russia's Rusal, one of the world's top aluminium producers."No, we don't want (to increase the stake)," he said when asked whether he planned to buy another almost 7 percent stake in Rusal. Click here to read full stories.

Sep 05 - German cartel office deepens steel investigation, searches firms 

Germany's competition regulator said on Monday ithas widened an investigation into a suspected violation of antitrust laws in the steel industry, withArcelorMittal and Salzgitter confirming searches at some of their units.The investigation expands an ongoing cartel office inquiry, which already covers makers and sellers of stainless steel, car manufacturers and suppliers as well as companies in the forging sector.  Click here to read full stories.

Sep 05 - China's Yunnan province starts safety checks on metals plants 

China's southwestern Yunnan province said on Tuesday it is launching safety inspections on iron, steel and aluminium plants as part of a crackdown on outdated capacity.The Production Safety Supervision and Administration Department of Yunnan Province said in a notice on its website that it would start the checks from Sept. 11, after first drawing up a list of local producers. Click here to read full stories.

Sep 05 - Shanghai Futures Exchange cuts nickel, tin transaction fees 

The Shanghai Futures Exchange (ShFE) said on Monday it would cut transaction fees on some nickel and tin futures contracts to just 1 yuan ($0.1533) per lot from Sept. 7.The transaction fee on all nickel futures contracts except those with delivery in January, May and September, will be cut from 6 yuan per lot to 1 yuan per lot, the exchange said in a statement on its website. Fees for the intra-day closing of positions will be waived, it added. Click here to read full stories.

Sep 05 - Investors pile into gold as Korean tensions escalate 

Gold prices jumped to their highest in nearly a year on Monday as escalating tensions between North Korea and the United States and a weaker dollar persuaded investors to take refuge in assets perceived to be safe.Spot gold hit $1,339.47 on Monday, its highest since Sept. 27 last year, a time when the metal was benefiting from a surge of interest following Britain's vote to leave the European Union. Click here to read full stories.

Sep 05 - Aluminium producers seek Q4 premiums of as low as $100/T - sources 

Global aluminium producers have offered Japanese buyers premiums of as low as $100 per tonne for primary metal shipments during the October to December period, three sources directly involved in pricing talks said on Monday.That premium would be 15 percent to 16 percent lower than the prices for shipments over the July to September period, the sources said. Click here to read full stories.

Sep 05 - Acacia warns of higher cash burn due to Tanzania mine closure 

Gold producer Acacia Mining will likely burn $15-20 million in cash as it shuts down a mine in Tanzania due to a persistent ban on the export of concentrates, its chief executive said on Monday."Towards the back end of the year we're going to see an acceleration of cash burn, probably beyond what we had expected for Q3," CEO Brad Gordon said on a conference call. Click here to read full stories.

Sep 04 - Adani at odds over royalty negotiations for Australian coal mine - paper 

Adani Enterprises appears to be at odds with the state of Queensland over royalties for its Carmichael coal project, according to a media report, just days after the Indian company said it would soon break ground on the Australian mine.Queensland is still negotiating with Adani over the details of its royalties agreement for the mine, despite a deal being officially reached on May 30, the Guardian Australian reported on Sunday citing a state government spokesperson. Click here to read full stories.

Sep 04 - China iron ore imports show steady growth, contrast with price swings: Russell 

Another month, another story of strong Chinese imports of iron ore, with August set to be the highest so far this year.China's imports of seaborne iron ore were around 88.9 million tonnes in August, according to vessel-tracking and port data compiled by Thomson Reuters Supply Chain and Commodity Forecasts.This makes August the strongest month this year, beating July's 85.4 million tonnes and March's 86.5 million, according to the data. Click here to read full stories.

Sep 04 - Liberty House to invest $1 bln in Australian steelworks to meet infrastructure boom 

Liberty House says it will pump A$1.26 billion ($1 billion) into steel-making capacity in Australia to meet the demands of a decade-long infrastructure boom in the country, months after acquiring a steelworks which was in voluntary administration and billions of dollars in debt.The British firm's executive chairman, billionaire Sanjeev Gupta, visited the South Australian town of Whyalla to announce the upgrades on Friday, saying a 100-day review would result in plans to transform the plant, including fixing its power needs by harnessing waste gases and investing in pumped hydro and large-scale solar energy. Click here to read full stories.

Sep 04 - Investment in Mexican mining seen rising after four-year downturn 

Investment in Mexico's mining industry is expected to rise this year due in large part to a global recovery in metal prices after four years of declines, according to projections from the sector.Mexico's mining chamber predicts mining investments will total $5 billion by the end of the year, a 33-percent increase from 2016, Sergio Almazan, the group’s director, said in a telephone interview. Nearly half of the funds would come from overseas. Click here to read full stories.

Sep 04 - Speculators up bullish COMEX gold bet, record copper net long - CFTC 

Hedge funds and money managers raised their net long position in COMEX gold for the 7th straight week in the week to Aug. 29, and again upped their bullish stance in copper to a fresh record, U.S. government data showed on Friday.The speculators also increased their net long position in silver futures and options, the Commodity Futures Trading Commission data showed. Click here to read full stories.

Sep 04 - Boom, bust and boom again for rare earths? Andy Home 

All commodity markets are prone to boom and bust cycles.But few have been as spectacular as that experienced by rare earths at the turn of the decade.Prices of such exotic components of the periodic table as dysprosium and terbium increased by multiples over 2010-2011 before collapsing just as quickly. Click here to read full stories.

Sep 04 - Ukraine's steel output rises 16 pct in so far in 2017 

Ukraine's steel production in the eight months to end-August rose 16 percent year on year to 13.8 million tonnes, local news agency Uaprom said on Friday.Steel production rose 5.5 percent in 2016 to 24.2 million tonnes as the industry picked up after a sharp drop the previous year because of the conflict in eastern Ukraine, where most of the country's steel production is based. Click here to read full stories.

Sep 01 - Mining's new normal: Tackling growth in the shadow of austerity 

Global mining heads may have thought they'd seen it all in the last five years, navigating a recovery after a commodities boom turned to bust. As the cycle turns, it brings a new challenge: tackling growth in an industry still scarred by its excesses. It comes just in time for Ken MacKenzie, who starts as chairman of BHP, the world's biggest miner, on Sept. 1. Like peers Rio Tinto and Glencore, BHP has just racked up its best profit and cash flow in years on rising global demand for staples likes iron ore and coal. Click here to read full stories.

Sep 01 - Robust fundamentals spark speculative frenzy in base metals 

A speculative frenzy triggered by a falling dollar, tighter supplies and healthy demand in top consumer China have in recent weeks propelled prices of industrial metals to multi-year highs. Optimism surged in July after news of a Chinese proposal to ban imports of some scrap metal from the end of 2018. Any ban would be part of a broader crackdown by China on imports of foreign waste as it looks to cut pollution from heavy industries; a dominant theme as it could mean rising Chinese imports of metals. Click here to read full stories.

Sep 01 - S.Korea's SK Innovation starts production of batteries with more nickel

South Korea's SK Innovation said on Thursday it has started commercial production of lithium-ion batteries with an increased portion of nickel, while reducing the usage of expensive components such as cobalt to extend battery life and cut costs. With cobalt prices rising, Asian battery makers have been trying to develop new lithium-ion batteries with a higher proportion of nickel for use in electric cars. Click here to read full stories.

Sep 01 - Thyssenkrupp to cut up to 1,500 jobs at Industrial Solutions

Thyssenkrupp will cut up to 1,500 additional jobs at its Industrial Solutions unit, most of them in Germany, to boost the struggling division's competitive edge, it said on Thursday. The job cuts at the unit, to be made over the next three years, come in addition to 500 reductions that were already announced previously, Thyssenkrupp said. Click here to read full stories.

Sep 01 - Greece says Eldorado mine arbitration to start in September

Greece plans to start an arbitration process next month to settle its differences with Canada's Eldorado Gold Corp over its gold mine development plans in northern Greece, its energy minister said on Thursday. Greece had previously planned to start the process this month. Click here to read full stories.

Sep 01 - First Quantum boosts Minera Panama stake to 90 pct

Canadian miner First Quantum Minerals Ltd said on Thursday it would boost its stake in unit Minera Panama SA to 90 percent in a deal valued at $635 million to increase its copper mining operations. The company, which currently owns 80 percent of the unit, said it signed an agreement to buy a 10 percent stake from South Korean miner LS-Nikko Copper.  Click here to read full stories.

Aug 31 - Indonesia cheers Freeport "win" as Grasberg valuation fight looms 

Indonesia's government left no doubts as to who it believes got the better deal in its landmark agreement with Freeport McMoRan Inc on the future of the Grasberg copper mine. After Freeport agreed to divest a 51 percent stake in Grasberg, the world's second-biggest copper mine, Indonesia's Energy and Finance Ministries posted on social media #FreeportTaatIndonesiaBerdaulat, or "Freeport is obedient, Indonesia is a sovereign state". Click here to read full stories.

Aug 31 - Ferro-silicon and the madness of Chinese crowds: Home

How much do you know about ferro-silicon? Unless you're a specialist in the field of ferro-alloys, the answer to that question is probably "not very much". Although it's an essential input into many different types of steel product, ferro-silicon is one of those industrial materials that barely registers with the general public. Click here to read full stories.

Aug 31 - China plans safety inspections at coal mines, chemical plants 

China's cabinet said the government will launch nationwide safety inspections of coal mines, chemical plants, gas operators and logistics firms, starting in September. The new round of inspections comes after an environmental crackdown in August roiled commodities markets, while safety inspections in major coal producing regions have crimped supplies, fuelling a price rally.  Click here to read full stories.

Aug 31 - U.S. acts to finalize duties on imports of rebar from Taiwan 

The U.S. International Trade Commission said on Wednesday it had made a final finding that U.S. producers are harmed by imports of steel concrete reinforcing bar, or rebar, from Taiwan, ensuring anti-dumping duties on the products will stay in place. The U.S. Commerce Department in July had made a final determination that rebar from Taiwan was being dumped in the U.S. market, and it imposed final duties of up to 32 percent. It estimated 2016 rebar imports from Taiwan at $53 million. Click here to read full stories.

Aug 31 - Zambia's CEC to restore full power to Glencore's Mopani Copper Mines

Zambian electricity utility Copperbelt Energy Corporation (CEC) and Glencore's Mopani Copper Mines have reached an agreement to restore full power supply to the mine from Wednesday, the president's office said on Wednesday. Details of the agreement, which was facilitated by the government, will be finalised over a six-week period, presidential spokesman Amos Chanda said in a statement. Click here to read full stories.

Aug 31 - Brazil judge blocks decree opening Amazon area to mining

A Brazilian judge on Wednesday granted an injunction blocking a decree by President Michel Temer that opens up a vast Amazon area to mining, a decision that the attorney general's office has said it will appeal. Federal judge Rolando Valcir Spanholo ruled that the abolition of the area known as Renca, or the National Reserve of Copper and its Associates, could only be done by an act of Congress under the constitution. Click here to read full stories.

Aug 31 - Vedanta Resources names ex-CEO Kaura as interim chief exec

Indian mining company Vedanta Resources Plc named a former CEO, Kuldip Kaura, to again lead the company on an interim basis as it looks for a new head to replace Tom Albanese, who is leaving the company on Thursday.  Albanese, who was asked to delay his departure by five months in March, will step down from the board on Aug. 31, but will remain chairman of Vedanta's Zambian copper business, Konkola Copper Mines.  Click here to read full stories.

Aug 31 - South African iron ore, chrome producer Assore posts record profit due to higher prices

South African base minerals and metals producer Assore posted record profit on Wednesday on higher prices but said it expects a supply glut to impact negatively on prices. The company said headline earnings for the year to the end of June increased almost 200 percent to a record 5.2 billion rand ($399 million), in line with what the group had previously flagged to the market. Click here to read full stories.

Aug 30 - Freeport, Indonesia to end years of wrangling over mining rights

Indonesia on Tuesday agreed to let Freeport-McMoRan Inc keep operating its giant Grasberg copper mine, after the U.S. company said it would cede control of its Indonesian unit, ending years of wrangling. Freeport has been in talks with Indonesia since late 2009 to work out how to shift to a new permit for Grasberg, the world's second-biggest copper mine, as mandated in a mining law passed that year. Click here to read full stories.

Aug 30 - U.S. steel import curbs could hit $1.1 bln of Turkish exports - industry head 

Turkey's $1.1 billion of steel exports to the United States could be at risk if President Donald Trump further tightens import restrictions, the head of Turkey's steel exporter association told Reuters. U.S. steel executives have appealed directly to Trump for immediate import restrictions to protect their businesses.  Click here to read full stories.

Aug 30 - Russia's Rushydro may take stake in Rusal's Taishet aluminium smelter

Russia's state-controlled power company Rushydro may join a new aluminium smelter project which Rusal, the world's second-largest aluminium producer, plans to build in Siberia, the board chairman of Rushydro told Reuters. Rusal, ranked the world's No.2 producer after China's Hongqiao, is resuming work on the Taishet project, which it had previously set aside due to low prices, now that global aluminium prices are on the up. Click here to read full stories.

Aug 30 - China's war on smog forces Tianjin Port to overhaul business

One of China's top ports is moving to expand its containerised volumes following a big drop in coal and steel cargoes after a ban earlier this year on using trucks at the port to transport coal, part of Beijing's war on smog. Tianjin Port Development Holdings Ltd said late on Tuesday that coal handling in the first half fell by 24 percent and steel throughput was down by 27 percent, while metal ore handling also decreased. Click here to read full stories.

Aug 30 - Citic warns legal battles threaten Australian iron ore mine's future

Chinese conglomerate Citic has warned it may suspend operations at its Sino Iron mine in Western Australia if it can't resolve legal disputes with Australia's Mineralogy over royalty payments and land access. Citic chairman Chang Zhenming in a letter to shareholders on Tuesday about the group's first half results said Sino faced "unique challenges with privately-held Mineralogy", whose "uncooperative and adversarial approach poses a threat to the future of Sino Iron". Click here to read full stories.

Aug 30 - ICE to take over London silver benchmark on Sept. 25 

ICE Benchmark Administration, a unit of Intercontinental Exchange, expects to begin operating the London Bullion Market Association (LBMA) 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. Click here to read full stories.

Aug 30 - Codelco chairman says cautious about short-term copper price

The chairman of Chilean state-owned copper company Codelco said on Tuesday that he is cautious about a recent rally in copper prices, even as he is more optimistic in the medium- and long-term. "I'm a little skeptical...in the short-term," Oscar Landerretche said a mining conference in Chilean capital Santiago. "It's true that all of the fundamentals are good in the medium- and long-term...but I would be very cautious." Click here to read full stories.

Aug 30 - China's R&F to invest up to $2 bln to revive Zimbabwe steelmaker ZISCO - minister

China's R&F plans to invest up to $2 billion to revive operations at Zimbabwe Iron and Steel Company (ZISCO), the southern African nation's industry and commerce minister said on Tuesday. Saddled by high debt and gross mismanagement, ZISCO ceased production in 2008 at the height of Zimbabwe's economic meltdown. Industry and Commerce Minister Mike Bimha said that teams from R&F had been travelling to Zimbabwe in the past six months to perform due diligence and negotiate the deal. Click here to read full stories.

Aug 30 - Peru's Buenaventura seeks partner for arsenic copper project

Buenaventura, a leading Peruvian miner, will look for a partner to develop a plant that reduces the arsenic level in copper, the firm's chief executive said on Tuesday. The company plans to locate the installation next to its existing Rio Seco manganese plant in the Peruvian province of Huaral, Buenaventura CEO Victor Gobitz said at a mining conference in Santiago, the Chilean capital. Click here to read full stories.

Aug 30 - Polymetal special dividend hinges on average 2017 gold price

Russian gold and silver producer Polymetal is unlikely to pay a special dividend for this year if the 2017 average gold price is about $1,250 per ounce (oz), Chief Financial Officer Maxim Nazimok told Reuters. The company's 2017 budget is based on an average gold price of $1,200 per oz and an exchange rate of 60 roubles to the dollar, Nazimok said in an interview. Polymetal saw 2017 capital expenditure at $370 million, in line with guidance, he said. Click here to read full stories.

Aug 29 - Indonesia reaches agreement with Freeport on new mining permit for Grasberg 

Indonesia and Freeport-McMoRan Inc on Tuesday reached an agreement to allow the U.S. miner to keep operating its giant Grasberg copper and gold mine, though the timing and price of a 51 percent divestment in the mine still needs to be worked out. Freeport, the world's biggest publicly traded copper company, can apply for an immediate 10-year permit extension to mine at Grasberg beyond 2021, said Indonesian Energy and Mineral Resources Minister Ignasius Jonan. Grasberg is the world's second-biggest copper mine. Click here to read full stories.

Aug 29 - Trump declines Chinese proposal to cut steel overcapacity - FT

U.S. President Donald Trump last month rejected a Chinese proposal to cut steel overcapacity, despite the endorsement of some of his top advisers, the Financial Times said, citing people familiar with the matter. Beijing proposed cutting steel overcapacity by 150 million tonnes by 2022 in a deal twice rejected by Trump, who instead urged advisers to find ways to impose tariffs on imports from China, the paper said, citing the sources. Click here to read full stories.

Aug 29 - Glencore puts 2nd coal mine on block amid corporate rethink

Glencore on Monday said it was looking to sell a second Australian coal mine, part of the Swiss-based resource giant's rethink on how it deploys capital as its reins in debt and commodities prices rise. Together with its Japanese joint venture partners, Itochu Corp and Sumitomo Corp, Glencore said it would start a "sales process" for its Rolleston mine, which produces thermal coal used for making electricity. The mine, though, is geographically removed from Glencore's main collieries, leaving it less economic from a shipping standpoint. Click here to read full stories.

Aug 29 - India's ICEX launches world's first diamond futures contracts 

The Indian Commodity Exchange (ICEX) launched the world's first diamond futures contracts on Monday to provide exporters with a hedging tool. India is a global diamond polishing hub where 14 out of every 15 rough diamonds in the world are polished. The 1-carat contract for expiry in November, December and January will have delivery centre at Surat in the western state of Gujarat, the exchange said in a statement. Click here to read full stories.

Aug 29 - Brazil to redo Amazon mining decree after criticism 

Brazil's government will revise a decree that opened up a vast mineral reserve in the Amazon rainforest to mining, ministers told journalists on Monday, responding to overwhelming criticism from lawmakers and activists. Mining and Energy Minister Fernando Coelho Filho said the government would rescind its prior decree and issue a new one that still abolishes the mineral reserve but specifies existing protections for parts of the area that will remain in place. Click here to read full stories.

Aug 29 - Hummingbird mine on track to boost Mali's gold output 

Hummingbird Resources on Tuesday it had begun pre-production mining on schedule at its Yanfolila Gold Project in Mali and is on track to produce its first gold by the end of the year. In Mali, Africa's third largest gold producer after South Africa and Ghana, around a quarter of government revenues come from gold. Output has been falling this year pending the opening of new mines.  Click here to read full stories.

Aug 29 - Russia's Alrosa abandons search for eight missing diamond miners

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. Another 134 miners were brought to the surface safely. Click here to read full stories.

Aug 28 - Philippine lawmakers seek to ban mining in watershed areas, export of raw ore 

Philippine lawmakers have filed a bill seeking to ban mining in watershed areas and exports of unprocessed ores and will require miners to get legislative approval before operating, in line with President Rodrigo Duterte's pledge to overhaul the sector.The Philippines is the world's top nickel ore supplier but Duterte says miners pay too little tax and not enough to compensate mining communities that suffer environmental damage. Click here to read full stories.

Aug 28 - Glencore's Zambian unit says investments at risk due to power supply 

Glencore's Zambian unit Mopani Copper Mines (MCM) said on Friday power supply restrictions to its operations due to a price dispute with its electricity supplier has put its investments at risk.Copperbelt Energy Corp. (CEC), which buys power from the state-owned electricity company and sells to mines, slashed supply to Mopani to 94 MW from 130 MW following a dispute over new, higher tariffs. Click here to read full stories.

Aug 28 - Russia's Alrosa abandons search for eight missing diamond miners 

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. Another 134 miners were brought to the surface safely.  Click here to read full stories.

Aug 28 - China's metals trade fragments into multiple narratives: Andy Home 

China's metals trade figures were once a spotlight on the state of the world's manufacturing engine and price driver.The monthly update on the country's seemingly insatiable appetite for imported metal was hardwired into the bull market narrative at the start of the decade. Click here to read full stories.

Aug 28 - Thyssenkrupp should look at Tata Steel JV alternatives - minister 

Thyssenkrupp should consider alternatives to a planned merger of its European steel activities with those of Tata Steel, German foreign minister Sigmar Gabriel said on Friday."My actual request to the company is to look at other alternatives," Gabriel said in Duisburg, Germany's largest steelmaking centre. Click here to read full stories.

Aug 28 - China to shut 6,000 non-coal mines by 2020 to improve safety 

China will shut 6,000 non-coal mines in an effort to reduce mining accidents and deaths by 2020, the State Administration of Work Safety said in a five-year plan.Beijing will seek to reduce major accidents by 15 percent by 2020 from 2015 levels in the non-coal mining sector, the work safety body said in a statement on Friday. Click here to read full stories.

Aug 28 - Two miners trapped at S.Africa's Harmony Gold mine die, three missing 

Two miners at a South African gold mine owned by Harmony Gold have died after they were trapped underground following an earth tremor, the company said on Sunday.Three miners were still missing after the incident on Friday at its Kusasalethu mine near Cartonville, west of Johannesburg.  Click here to read full stories.

Aug 28 - China Shenhua's H1 profit rises to highest in 4 yrs 

China's top coal miner China Shenhua Energy Co Ltd on Friday delivered its strongest interim results in four years on the back of soaring coal prices.Shenhua's net income leapt 147.4 percent from the same period last year to 24.3 billion yuan ($3.66 billion) under China accounting standards, the highest since the first half of 2013, and in line with the company's forecasts.  Click here to read full stories.

Aug 28 - Speculators boost bullish COMEX gold bet for 6th straight week 

Hedge funds and money managers raised their net long position in COMEX gold for the sixth straight week in the week to Aug. 22, and again raised their bullish stance in copper to a fresh record, U.S. government data showed on Friday.The speculators also raised their net long position in silver futures and options, the Commodity Futures Trading Commission data showed. Click here to read full stories.

Aug 28 - Zambian president tells Glencore unit to accept new power prices 

Zambian President Edgar Lungu has told Glencore Mopani Copper Mines (MCM) unit to accept higher electricity prices caused by the removal of state energy subsidies, his spokesman said on Saturday.Copperbelt Energy Corp. (CEC), which buys power from the state-owned electricity company and sells it to mines, slashed the supply to Mopani to 94 MW from 130 MW following a dispute over the new tariffs. Click here to read full stories.

Aug 28 - Chile's presidential hopefuls propose sweeping changes in mining sector 

Two of Chile's three main candidates in the November presidential election proposed broad changes for the mining sector at a forum on Friday hosted by the country's largest business organization.At the event organized by business group Sofafa in downtown Santiago, center-left candidate Alejandro Guillier struck a pro-business tone but said he would consider modifying free trade accords to promote the local smelting industry. Click here to read full stories.

Aug 28 - India restricts imports of gold, silver from South Korea 

India restricted imports of gold and silver from South Korea from Friday, the government said in statementThe move comes as traders have been taking advantage of a recent tax change that enabled them to avoid customs duty. Click here to read full stories.

Aug 25 - Eager for red-hot cobalt gains, investors think small 

Institutional investors hoping to profit from cobalt, this year's high-flying metal, are buying into companies that are smaller than their usual fare to gain exposure to an industry supplying the burgeoning electric car market. Prices for cobalt, a key ingredient in lithium-ion batteries for electric vehicles, have spiked 83 percent this year on forecasts that demand will double in the next decade as consumers switch to less-polluting cars. Click here to read full stories.

Aug 25 - U.S. steel executives appeal directly to Trump for import restrictions 

American steel industry executives have appealed directly to President Donald Trump for immediate import restrictions in a letter seen by Reuters, as a U.S. Commerce Department national security probe languishes and steel imports surge back to 2015 levels. Senior executives from 25 U.S. steel and steel-related companies sent the letter to Trump late on Wednesday, saying the industry was suffering the consequences of government inaction that could change with his "bold leadership" and "America First" vision. Click here to read full stories.

Aug 25 - Higher aluminium prices lift Rusal Q2 core earnings

Russian aluminium giant Rusal reported a 48 percent rise in second-quarter core earnings on Friday due to a higher aluminium price, and pointed to a positive outlook for the second half as supply in China tightens. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose to $510 million from $344 million in the same quarter a year ago, in line with a Reuters survey of analysts at six banks for $507 million.  Click here to read full stories.

Aug 25 - Congo H1 copper output up 15 pct, inflation to hit 52 pct - cbank

Copper output in Congo, Africa's top producer of the metal, rose 15 percent year-on-year in the first half of 2017 to more than half a million tonnes, and cobalt production surged 27 percent toalmost 40,000 tonnes, the central bank said. But despite higher commodity production, Democratic Republic of Congo's central bank forecast year-end inflation at 52.6 percent, up from an earlier projection of 48 percent and from last year's figure of 25 percent. Click here to read full stories.

Aug 25 - China commits to cut northern air pollution by 15 percent 

China has pledged to cut average concentrations of airborne particles known as PM2.5 by more than 15 percent year-on-year in the winter months in 28 northern cities to meet key smog targets, the environment ministry said. In a 143-page winter smog "battleplan" posted on its website on Thursday, the Ministry of Environmental Protection said the new target, for the October to March period, would apply to Beijing and Tianjin, along with 26 other cities in the smog-prone provinces of Hebei, Shanxi, Shandong and Henan. Click here to read full stories.

Aug 25 - Voestalpine CEO sees strong demand for car parts boosting profit 

Austrian speciality steel maker Voestalpine expects continued strong demand from car makers to lift full-year revenue by at least 6 percent and help earnings increase "significantly", its chief executive said on Thursday. The company has specialised in finished parts for the automotive, aerospace and railway industries in recent years to deal with the effects of price falls, strong competition and overcapacity in its traditional markets. Click here to read full stories.

Aug 25 - Brazil's Gerdau appoints new CEO as controlling family leaves management

Gerdau SA, a Brazilian steelmaker, has appointed Gustavo Werneck da Cunha as the company's new chief executive officer effective from Jan. 1, 2018, according to a securities filing on Thursday. It also said that from that date members of the family which owns the company will relinquish management duties, and will act exclusively as board members, referring to CEO André Bier Gerdau Johannpeter, and Executive Vice-Presidents Claudio Johannpeter and Guilherme Chagas Gerdau Johannpeter. Click here to read full stories.

Aug 25 - Unit of China's largest gold producer unveils mixed-ownership reforms -Xinhua

A unit of China's largest gold producer is the latest state-owned enterprise to announce mixed-ownership reforms to raise $338 million from investors including Chinese e-commerce platform JD.com, the official Xinhua news agency said. China National Gold Group Gold Jewellery Co, which supplies precious metal items to shops, unveiled the plan on Thursday to raise 2.25 billion yuan ($337.86 million) by offloading a 41 percent stake to investors, Xinhua said, citing the company. Click here to read full stories.

Aug 24 - COMEX copper stocks are at 13-year highs, and rising: Home 

COMEX copper stocks rose by a net 271 tonnes on Monday. There was some light two-way action at New Orleans and arrivals at both Tucson and Salt Lake City. So what, you might ask. Who cares how much copper is sitting in the small handful of U.S. locations registered as good delivery points for what is now the CME's high-grade copper contract ? Click here to read full stories.

Aug 24 - South32 profit leaps, eyes electric vehicle battery market 

Australian-based miner South32, buoyed by an eight-fold leap in annual profit, is looking to lift its exposure to growing markets for metals used in electric vehicles to boost growth. South32 already has broad exposure to aluminium and nickel, while its Cannington mine in Australia is one of the world's largest sources of silver, lead and nickel. Click here to read full stories.

Aug 24 - Vedanta's zinc unit gets helping hand from China, Q1 earnings rise 

Diversified miner Vedanta Resources' first-quarter core earnings rose about 48 percent on higher zinc production, with renewed demand for the metal driven by higher steel production in China. The company, which mines zinc in India, South Africa and Namibia, reported an 84 percent jump in mined metal content, mainly of zinc, at its Indian unit to 233,000 tonnes for the first quarter to June 30. Click here to read full stories.

Aug 24 - Japan steelmakers' shares fall after reports of price cuts 

Shares of Nippon Steel & Sumitomo Metal Corp and other Japanese steelmakers fell on Thursday after media reports said the country's biggest producer of steel had agreed on price cuts for the six months through September with Toyota Motor. Nippon Steel, which agrees twice a year to prices with Toyota that are considered a benchmark for both the steel and auto industries, had earlier said it wanted to raise prices by 5,000 yen per tonne for its main customers. Click here to read full stories.

Aug 24 - China July iron ore imports from North Korea fall 25 pct on year - customs

China's iron ore imports from North Korea fell almost a quarter in July from a year earlier, according to data released on Wednesday for the month before the United Nations passed a vote to impose tougher sanctions on Pyongyang. Imports of iron ore from North Korea fell 24.5 percent in July from the same month a year earlier to 175,980 tonnes, according to the General Administration of Customs. Click here to read full stories.

Aug 24 - Guptas make second sale of week with $225 mln South African mining disposal

The Gupta family agreed to sell their South African mining unit for $225 million on Wednesday, the second disposal this week from the company's portfolio of investments which have been caught up in an influence-peddling scandal. The sale by the Gupta's Oakbay vehicle is part of plans announced a year ago to sell all their businesses in South Africa, after companies including the country's four largest banks severed links with Oakbay, citing reputational risks. Click here to read full stories.

Aug 24 - Russia's Polyus to start Natalka gold deposit smelter in early Sept 

Russia's top gold producer Polyus plansto 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 in the Pacific port of Vladivostok on Sept. 6-7, where President Vladimir Putin will deliver a keynote speech. Click here to read full stories.

Aug 24 - Singapore-listed Delong Holdings shuts China steel mill after workers strike

A steel mill in northern China's Hebei province that was about to close as part of the country's capacity reduction plans has shut early after workers went on strike in protest against low rates of compensation, the mill's owner said. China's steel sector has faced growing unrest in recent years because economic distress in the industry, with workers frequently taking action against owners in pursuit of unpaid wages. Click here to read full stories.

Aug 24 - OZ Minerals to build $700 mln copper mine in Australia 

OZ Minerals Ltd said on Thursday it would begin construction of its Carrapateena copper mine in Australia, the country's largest undeveloped copper project, which it estimated would cost A$916 million ($724 million). Copper is seen as one of the strongest growth commodities given its broad use in everything from plumbing and construction to appliances and electronics. Click here to read full stories.

Aug 24 - Brazil opens vast national reserve to mining 

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. The area, which straddles the northern states of Amapá and Pará, is thought to contain rich deposits of gold, iron, manganese and other minerals. Click here to read full stories.

Aug 23 - BHP Billiton to replace two directors in board shake-up

Global miner BHP Billiton on Wednesday unveiled a board shakeup that will see controversial director Grant King step down six months after joining the company amid concerns among investors over oil investments. King, a former chief executive of Origin Energy, was once tipped to succeed Jac Nasser as chairman of the world's biggest mining company, but was passed over earlier this year for fellow board member Ken MacKenzie. Click here to read full stories.

Aug 23 - Indonesian Energy Minister Jonan expects mining deal with Freeport this month 

Indonesia expects to strike an agreement this month to allow Freeport McMoRan Inc to keep operating its huge copper mine in Papua in the coming decades, the country's mining and energy minister said on Tuesday. The U.S. mining giant has been locked in a lengthy dispute with the government over the rights to mine at Grasberg, the world's second-biggest copper mine, costing both sides hundreds of millions of dollars. Click here to read full stories.

Aug 23 - China steel price surge unsustainable as shortage unlikely -industry group 

The China Iron and Steel Association (CISA) said it saw little likelihood of a big shortage in steel supply, despite a crackdown against polluting industries and producers of low-quality steel, limiting the prospect of further price surges. "Environmental restrictions during the winter heating period will have a certain impact," the CISA said in a statement on its website late on Tuesday. But the industry body said, "there will not be any big production shortage and steel product prices are unlikely to see a rapid increase." Click here to read full stories.

Aug 23 - Glencore's Zambian unit may shed 4,700 workers on power shortages

Mopani Copper Mines, Glencore's Zambianunit, said on Tuesday it may lay off nearly 5,000 workers due to a dispute with its electricity supplier over prices that has led to reduced power supply to its operations. Copperbelt Energy Corp. (CEC), which buys power from the state-owned electricity company and sells to mines, slashed supply to Mopani to 94 MW from 190 MW following a dispute over new, higher tariffs.  Click here to read full stories.

Aug 23 - BHP says Escondida mine output normal, wage talks may resume 

BHP Billiton's, Escondida copper mine in Chile has recovered from a six-week strike faster than expected, with output now running at normal levels, an executive with the company said on Tuesday. The strike at Escondida, the world's largest copper mine, sent shockwaves through the market in February and March. It ended when the union representing the striking workers opted to return to work under the old contract, effectively pushing talks on a new deal into next year.  Click here to read full stories.

Aug 23 - China rare earths association proposes stock release to ease price volatility

China's Rare Earth Industry Association has proposed releasing some of the country's reserves and suspending the purchase and storage of additional volumes to ease price volatility for the raw materials that are crucial to mobile phones and electronics. China is the world's biggest rare earth's producer. Rare earths are 17 elements including metals such as scandium, yttrium and lanthanum. They are prized for their usage as components in electronic devices including phones and computers and other communication devices. Click here to read full stories.

Aug 23 - Miner Antofagasta hikes dividend as profits surge 

Chilean miner Antofagasta more than tripled its interim dividend on Tuesday after a rally in copper prices boosted first-half earnings, lifting its shares to a four-year high. The shares jumped as much as 5.5 percent to 1,007 pence, their highest since May 2013. Click here to read full stories.

Aug 23 - Nickel deficit narrows in June as China ramps up output- INSG

The global deficit of refined nickel narrowed in June from May as stainless steel plants in China ramped up production, the latest data from the International Nickel Study Group (INSG) showed on Tuesday. Refined production of the metal in June was 170,200 tonnes, almost matching consumption of 170,600 tonnes, leaving a deficit of 400 tonnes, according to INSG. The May deficit was revised to 6,700 tonnes from 2,200 tonnes. Click here to read full stories.

Aug 22 - BHP to quit U.S. shale business as annual profit surges

Global mining giant BHP Billiton committed to quitting its underperforming U.S. shale oil and gas business on Tuesday, as it posted a surge in annual underlying profit to $6.7 billion. The world's biggest mining house, which was buoyed by a recovery in industrial commodities markets, pleased shareholders by cutting net debt by nearly $10 billion to $16.3 billion and tripled its final dividend to $0.43 a share. Click here to read full stories.

Aug 22 - Zinc on a bullish tear but just how high can it go?: Home 

Zinc on Monday morning hit a fresh decade high of $3,180.50 per tonne on the London Metal Exchange (LME). Zinc bulls have been waiting a long, long time for this moment. A slow-fuse narrative of a looming supply crunch has been simmering for years but has finally burst into explosive price action. Click here to read full stories.

Aug 22 - Conservative steel mills warming to LME steel contracts 

Many steel mills, which had largely shunned using steel futures, are becoming more open to hedging and have been experimenting with London Metal Exchange contracts in recent months, an LME executive said on Monday. The LME's steel scrap and rebar contracts have steadily gained volumes since their launch in November 2015, but traders and merchants had been the most active users. Click here to read full stories.

Aug 22 - Indonesian police name six suspects after labour unrest at Freeport's Grasberg mine 

Police in the eastern Indonesian province of Papua have named six people as suspects among 17 arrested on Saturday after a violent demonstration by former mine workers at Freeport McMoRan Inc's Grasberg copper mine, a police spokesman said. Trouble erupted when the demonstrators blocked an access road to Grasberg, the world's second-biggest copper mine, in a protest over employment terms. At least seven people were injured and dozens of vehicles and buildings torched, and traffic through the area was restricted amid safety concerns.  Click here to read full stories.

Aug 22 - Australia's Seven Group to sell Chinese mining machinery business 

Australia's Seven Group Holdings said on Tuesday it would sell its Chinese mining machinery division WesTrac China to Chinese firm Lei Shing Hong Machinery for A$540 million ($428.33 million). Lei Shing Hong Machinery is a subsidiary of Chinese conglomerate Lei Shing Hong Limited which distributes Caterpillar earthmoving, mining and construction equipment throughout eastern China and Taiwan. Click here to read full stories.

Aug 22 - Chile rejects $2.5 bln copper and iron project; company vows appeal

The Chilean government rejected on Monday a controversial $2.5-billion copper and iron project proposed by privately-held Andes Iron, though the company vowed to appeal. Chile's Ministers' Committee, a gathering of high-ranking political officials who decide on the fate of controversial projects, pointed to numerous alleged flaws with the Dominga project, which would have produced 12 million tonnes of iron annually and 150,000 tonnes of copper. Click here to read full stories.

Aug 22 - AngloGold Ashanti swings to H1 loss on job cuts, lawsuit

South Africa's AngloGold Ashanti reported a first-half loss on Monday on costs related to layoffs and money set aside for litigation, but stuck to its full-year targets. Shares in Africa's biggest gold miner were down 3.2 percent to 130 rand at 0903 GMT, while the wider sector was off 1 percent.  Click here to read full stories.

Aug 22 - Mozambique to set up independent fund to invest mineral sales income 

Mozambique's government plans to set up a sovereign investment fund where taxes paid on sales of the country's minerals will be used to finance development projects, state-run AIM news agency said on Monday quoting the finance minister. Minister of Economy and Finance Adriano Maleiane said the new fund would have capital gains taxes paid on the sales of shares in the country's mineral resources as the main source of funding. Click here to read full stories.

Aug 21 - The victor, the spoils? Trump eyes Afghanistan's elusive mineral riches 

U.S. President Donald Trump is eyeing Afghanistan's mineral wealth to help pay for a 16-year war and reconstruction efforts that have already cost $117 billion. Investors who have studied the country, one of the world's most dangerous, say that is a pipe dream. Ever since a United States Geological Survey study a decade ago identified deposits later estimated to have a potential value of as much as $1 trillion, both Afghan and foreign officials have trumpeted the reserves as a likely key to economic independence for Afghanistan. Click here to read full stories.

Aug 21 - China Minmetals to invest 10 billion yuan to upgrade smelters in Hunan province 

China Minmetals Corp (CHMIN.UL) plans to invest 10 billion yuan ($1.50 billion) to upgrade its copper, lead and zinc smelting facilities Hunan province, a spokesman confirmed on Monday, after a recent rebuke from the Ministry of Environmental Protection (MEP). The company will invest in new smelting technology starting this month that eliminates the discharge of industrial wastewater, Huasheng Online, a website run by the Hunan provincial government, reported on Friday, citing Huang Guoping, chairman of China Minmetals Nonferrous Metals Co. Click here to read full stories.

Aug 21 - Freeport Indonesia copper mine access to resume after clashes 

Limited access to the giant Grasberg copper mine in eastern Indonesia is expected to resume on Monday, its operator said, after hundreds of former workers blockaded the site and clashed with police. Trouble erupted at the mine, which is operated by the Indonesian unit of Freeport McMoRan Inc, during a demonstration over employment terms on Saturday afternoon. Click here to read full stories.

Aug 21 - Miner Fortescue returns record dividend as profit leaps 

World number 4 iron ore miner Fortescue Metals Group said on Monday it will pay a record-high final dividend after more than doubling its annual profit, and plans to give more of its profits to shareholders in the future. The Australian mining company also signaled it was diversifying outside its core Chinese market to sell iron ore to buyers in emerging Asian countries and Europe. Click here to read full stories.

Aug 21 - China's Chalco increases aluminium output as rivals retreat 

Aluminium Corp of China Ltd (Chalco) increased its primary aluminium production by 250,000 tonnes in the first half of 2017, its president said on Friday, as the state firm takes advantage of capacity cuts by private rivals. There will be further investment in raising output in the second half of the year, Ao Hong, president of Chalco, said on an earnings call. Click here to read full stories.

Aug 21 - Speculators up bullish COMEX gold bet for 5th straight week - CFTC 

Hedge funds and money managers hiked their net long position in COMEX gold futures and options for a fifth straight week in the week to Aug. 15, as geopolitical worries sent prices to a two-month high. The speculators also upped a bullish stance in silver and again raised their net long position in copper to a fresh record, the Commodity Futures Trading Commission data showed. Click here to read full stories.

Aug 21 - Anglo American swims against the current in backing fuel cells

Anglo American is placing a contrarian bet on hydrogen fuel cell vehicles as it tries to squeeze more profit from its platinum reserves, but risks being left behind as rival miners look to cash in on battery-powered cars. A push, particularly in Europe and China, for lower-emission transport raises the prospect of weaker demand for platinum, whose biggest industrial use is in diesel vehicles. Click here to read full stories.

Aug 21 - WTO mixed ruling in Indonesia steel import duties case

Duties imposed by Indonesia on imports of certain flat-rolled iron or steel products do not constitute WTO safeguard measures, a World Trade Organization (WTO) panel said on Friday, rejecting the key argument of complaints brought by Taiwan and Vietnam. Safeguard duties are emergency tariffs that a country can impose temporarily to shield a specific sector from a sudden and damaging surge in imports. The panel found that Indonesia's duty did not amount to a safeguard measure because it did not result in suspending, withdrawing or modifying any of Jakarta's commitments under the GATT 1994 Agreement on Safeguards. Click here to read full stories.

Aug 21 - Zimbabwe tightens screws on miners' export earnings in forex crunch

The Reserve Bank of Zimbabwe has ordered platinum and chrome miners to surrender 80 percent of their export earnings to the central bank as the country struggles to contain a crippling dollar note shortage. Previously miners in the southern African nation were required to retain 50 percent of their earnings. Click here to read full stories.

Aug 18 - BHP to spend $2.5 bln on extending life of Chilean copper mine

Mining major BHP, said on Thursday it was spending $2.46 billion to extend the life of the Spence copper mine in northern Chile by more than 50 years, creating up to 5,000 jobs and bringing new output online from 2021. BHP Chief Executive Officer Andrew Mackenzie, under pressure from activist investors Elliott Advisors to increase shareholder returns, said the project supported BHP's strategy of delivering near-term, valuable copper production. Click here to read full stories.

Aug 18 - Lead gets unforeseen boost from North Korean sanctions: Home 

Lead has been an unlikely and unforeseen beneficiary of the North Korea missile crisis.  A new round of U.N. sanctions includes North Korean exports of lead concentrate. China, which signed up to the U.S.-drafted resolution, will lose an increasingly significant flow of raw materials to its lead smelters. The news has reinvigorated a market that had lost its bull narrative thread. Click here to read full stories.

Aug 18 - Glencore coal miners return to work in Australia but vow more strike action

Coal mine workers from seven Glencore collieries in Australia returned to work on Thursday after a four-day work stoppage, with many voting to keep up pressure on the company over wages and job security. More than 1,400 workers met in the mining hub of Singleton, New South Wales, about 200 km (125 miles) north of Sydney, this week and voted to continue industrial action that began in June against the Swiss-based company, according to a statement from the Construction, Forestry, Mining and Energy Union. Click here to read full stories.

Aug 18 - EU sets duties on Chinese cast iron products to counter dumping

The European Union has levied provisional tariffs as high as 42.8 percent on some Chinese cast iron products after an eight-month investigation found unfairly low prices hurt the bloc's producers. The European Commission, the EU executive body, said while it had detected no dumping by India, the investigation would continue until definite findings were made. Click here to read full stories.

Aug 18 - China's Chalco increases aluminium output as rivals retreat

Aluminium Corp of China Ltd (Chalco) increased its primary aluminium production by 250,000 tonnes in the first half of 2017, its president said on Friday, as the state firm takes advantage of capacity cuts by private rivals. There will be further investment in raising output in the second half of the year, Ao Hong, president of Chalco, said on an earnings call. Click here to read full stories.

Aug 18 - Samarco should be punished but not closed - Brazil mining minister 

Samarco, a joint venture between BHP Biliton Ltd and Brazil's Vale, should be punished but not closed over the 2015 collapse of a tailings dam that killed 19 people, Brazil's mining and energy minister said on Thursday. "Mistakes may have been made, but it was an accident," Fernando Coelho Filho said at an event in Sao Paulo. Click here to read full stories.

Aug 18 - South Africa's Sibanye Gold flags H1 earnings per share loss

South Africa's Sibanye Gold flagged up a first-half earnings per share loss on Thursday, citing provisions worth 1.1 billion rand ($84 million) for a possible settlement with miners who contracted lung diseases at work. A class action suit, mostly relating to the fatal lung disease silicosis, was filed on behalf of miners in 2012 and has led to mounting provisions in an industry that has been battling for years with rising costs and generally depressed prices. Click here to read full stories.

Aug 18 - Polish miner KGHM's first-half profit rise lags forecasts

Polish-based copper miner KGHM reported a 66 percent rise in first-half net profits on Thursday but failed to meet analysts' estimates as currency effects and increased costs offset rising copper and molybdenum prices. The state-controlled firm posted a consolidated net profit of 491 million zlotys, up from 296 million zlotys in the same period last year. However it fell short of the average of analysts' forecasts of 637 million zlotys.  Click here to read full stories.

Aug 18 - Ex-Integra Gold executives launch new mining exploration company

Three former executives of Integra Gold Corp, a small Canadian miner that was acquired last month for C$590 million ($467.51 million), have launched a new precious metals exploration company, the new venture's chief executive said on Thursday. The company, to be named Integra Resources Corp, plans to acquire an advanced-stage gold-silver project in Canada or the United States in the next two months, and then apply to list on the TSX Venture Exchange, CEO George Salamis said. Click here to read full stories.

Aug 17 - Zinc rush: China construction spree, alloyed with steel fee hike, diverts money flow 

Chinese traders are diverting money from steel to zinc on the Shanghai Futures Exchange after a hike in trading fees on Monday cut the appeal of steel itself even as booming construction activity fuels demand for steel-making essentials like zinc. Steel and steel-making material prices have soared this year amid strong Chinese construction growth, and as the world's largest metals producer ramped up reform of bloated industries by closing outdated capacity. Click here to read full stories.

Aug 17 - As stocks fall, LME warehousers turn east in search of metal: Home 

The warehouse load-out queues that exposed the London Metal Exchange (LME) to the harsh glare of both media and regulatory scrutiny have gone. The original queue to get aluminium out of exchange warehouses in Detroit disappeared in April 2016. The even longer queue at the Dutch port of Vlissingen finally dissipated last month. Click here to read full stories.

Aug 17 - North Korea sanctions extend China lead price rally 

Sanctions on North Korea have spurred concerns about tightness in the physical lead concentrate market in China, the world's top miner and producer, extending a months-long rally in prices for the heavy metal, traders and analysts said. The U.N. Security Council unanimously passed a resolution on Aug. 6 banning North Korea's exports of coal, iron, iron ore, lead, lead ore and seafood, in a bid to choke off a third of Pyongyang's $3 billion in annual export revenue.  Click here to read full stories.

Aug 17 - Peru declares emergency to end protest near Las Bambas copper mine 

Peru declared a 30-day state of emergency in a remote Andean region to end a protest by residents who have blocked a road used by miner MMG Ltd to move its copper concentrate to port for shipping, the government said on Wednesday. Residents in the area have refused to allow trucks from the Las Bambas mine transit a local road unless MMG or the government pays them for the usage, said Artemio Solano, a regional director of the ombudsman's office, which monitors social conflicts in Peru. Click here to read full stories.

Aug 17 - India bans exports of gold products above 22 carats

India has banned the export of gold products with a purity above 22 carats in a move a trade group said was a bid to curb a practice known as "round tripping".The Directorate General of Foreign Trade issued a notification dated Aug. 14 that stated exports of jewellery or medallions, containing gold of 8 carats and above up to a maximum limit of 22 carats shall only be permitted, without giving a reason. Click here to read full stories.

Aug 17 - Thyssenkrupp says it has no timeline on Tata Steel joint-venture deal

Thyssenkrupp has no timeline to make a final decision on a potential merger of its European steel operations with those of peer Tata Steel, a spokesman for the group said. He was commenting on a report in German daily Boersen-Zeitung, which cited sources at Thyssenkrupp as saying no decision would be made until at least Sept. 8 following a deal regarding Tata Steel's UK pension liabilities. Click here to read full stories.

Aug 17 - China's Hebei province to meet capacity cutting targets by end of September

China's top steel-making province has pledged to fulfil capacity cutting targets for this year in steel, cement, coal and glass by the end of September, under efforts to tackle air pollution ahead of winter, an environment official said on Wednesday. Hebei, close to the capital Beijing, has eliminated 12.26 million tonnes of ironmaking capacity and 10.53 million tonnes of steelmaking capacity in the first seven months of the year, Yin Guangping, a spokesman for the province's Environmental Protection Bureau, told a press conference on Wednesday. Click here to read full stories.

Aug 17 - China to exclude some scrap metal from waste import ban 

China said on Thursday it will still allow imports of some kinds of steel and non-ferrous scrap as the world's largest commodities consumer outlined the first concrete details of its plan to curb waste imports as part of its war on pollution. The Ministry of Environmental Protection (MEP) published a list of banned waste imports that excluded some scrap metals - such as steel, copper, nickel, aluminium, zinc and tin - from the restriction. Click here to read full stories.

Aug 17 - Australian state lets South32 resume limited digging at Appin coal mine 

Government regulators in an Australian state on Tuesday cleared South32 to partially restart its Appin coal mine after workers were evacuated in June following a gas-leak scare. "We've worked closely with the mine operator and we're now comfortable that the mine has put systems and controls in place to deal with the immediate safety issues and has a robust plan to address longer-term issues," New South Wales state chief compliance officer Anthony Keon said in a statement. Click here to read full stories.

Aug 17 - Congo reinstates miners' VAT exemption on imports in U-turn 

Congo's finance ministry has provisionally reinstated mining companies' exemption from a value added tax on imports, the Chamber of Mines said on Wednesday, days after miners complained customs authorities were planning to impose VAT on them. Democratic Republic of Congo, Africa's top copper producer, agreed to suspend the tax in July 2016 to help companies during a commodity price downturn and to pay down hundreds of millions of dollars in VAT reimbursements owed to the companies. Click here to read full stories.

Aug 17 - China's Chalco plans $500 mln investment in Guinea bauxite project 

Aluminium Corp of China (Chalco) plans to invest $500 million in a project to produce bauxite, used to make aluminium, in Guinea starting next year, the mines ministry said. The deal comes after a trip by the Guinean mines minister, Abdoulaye Magassouba, to China and follows other major Chinese investments in the resource-rich West African nation. Click here to read full stories.

Aug 17 - Gold Fields H1 earnings fall 25 pct on exchange rate impact 

Gold Fields Ltd posted a 25 percent drop in first-half normalised earnings on Thursday due to stronger exchange rates in South Africa and Australia, but maintained its full-year targets. The gold miner said normalised earnings fell to $77 million in the six months to June from $103 million a year earlier. Click here to read full stories.

Aug 16 - Elliott Management raises stake in BHP to 5 pct

Hedge fund Elliott Management has raised its stake in BHP Billiton to 5 percent, stepping up a campaign to make the top global miner quit all or part of its petroleum business, boost returns and ditch its dual listing. New York-based Elliott launched its effort in April, at which point it held a 4.1 percent "economic interest" in BHP's UK-listed shares, and later increased that to 4.5 percent. Click here to read full stories.

Aug 16 - Vedanta explores ways to produce cobalt for batteries 

Vedanta Resources is studying how to produce cobalt for use in batteries as the diversified miner becomes the latest company to seek exposure to an anticipated electric vehicle boom. Tom Albanese, who steps down as CEO of Vedanta at the end of August, said the excitement around electric vehicles had prompted the company to looking at producing cobalt suitable for batteries from its Zambian copper mines, rather than just treating it as a copper by-product. Click here to read full stories.

Aug 16 - Freeport Indonesia says flash floods damage mine power plant 

Flash floods have left one worker missing and caused extensive damage to a power plant at U.S.-owned miner Freeport Indonesia's operations in the eastern-most province of Papua, company officials said on Wednesday. Mining operations were continuing as normal, but power and water outages were expected in the coming days, the Indonesian unit of U.S. mining giant Freeport McMoran Inc. said in a statement. Click here to read full stories.

Aug 16 - Explosion kills two at Gerdau steel plant in Brazil

An explosion at a Brazilian steel plant operated by Gerdau SA killed two people and injured 10 others on Tuesday, the company and local metalworkers union said. The blast occurred at a coke oven at Gerdau's plant in the center-south state of Minas Gerais around 10 a.m. local time, according to the Metalworking Union of Ouro Branco (Sindob). Click here to read full stories.

Aug 16 - EMR Capital to take 80 pct stake in Zambia copper mine

Private equity house EMR Capital has purchased an 80 percent stake in a Zambian copper mine from African Rainbow Minerals (ARM) and its partner for $97.10 million, ARM said on Tuesday. The 80 percent indirect interest in Lubambe Mine, held equally by ARM and Vale International includes the equity holding in Lubambe Mine as well as loans to the mine, and will be settled in cash contingent on certain conditions being met, ARM said in a statement. Click here to read full stories.

Aug 16 - ArcelorMittal South Africa considers job cuts, restructuring 

ArcelorMittal South Africa is considering job cuts and restructuring to save costs in a challenging global steel market and recession at home, it said on Tuesday. Job cuts are a thorny issue in South Africa were unemployment is at a 14-year high and key sectors of the recession-hit economy, such as trade and manufacturing, are struggling. Click here to read full stories.

Aug 16 - Global nickel deficit narrows to 2,200 T in May - INSG 

A global deficit of refined nickel narrowed in May to 2,200 tonnes from a revised deficit of 5,200 tonnes the month before, data from the International Nickel Study Group showed on Tuesday. Global refined nickel demand fell 3 percent in May from the previous month to 170,000 tonnes, while output moderated by 1.4 percent to 167,800 tonnes. Click here to read full stories.

Aug 16 - Miner Hochschild's H1 pretax profit falls 33.8 pct on higher costs

Precious metals miner Hochschild Mining Plc's pretax profit fell 33.8 percent in the first half of the year, hurt by higher costs. Attributable silver production rose 8.9 percent to 8.9 million ounces in the six months ended June 30, and the company said it was on track to deliver attributable production of 37 million silver equivalent ounces for 2017. Click here to read full stories.

Aug 16 - Oman's Sohar Aluminium assessing restart after interruption 

Oman's Sohar Aluminium plant said on Tuesday it was assessing how soon production could resume from the 350,000-tonnes-per-year smelter after an "incident" interrupted operations this month. "On Friday August 4, an incident occurred at the Sohar Aluminium plant which interrupted normal operations and resulted in no injuries recorded," Chief Executive Said Al Masoudi said in a statement. Click here to read full stories.

Aug 15 - China pressed iron ore traders to halt business even before U.N. sanctions

China was pressuring its iron ore traders to stop buying the commodity from North Korea even before a United Nations Security Council vote this month to ban the trade as punishment for Pyongyang's missile tests, two traders said. The U.N. Security Council unanimously passed a resolution on Aug. 6 banning North Korea's exports of coal, iron, iron ore, lead, lead ore and seafood, in a bid to choke off a third of Pyongyang's $3 billion annual export revenue. Click here to read full stories.

Aug 15 - Repricing aluminium's supply risks is a chaotic work in progress: Home 

Aluminium was the standout performer among the major industrial metals last week.

On the London Metal Exchange (LME) three-month metal jumped by more than 7 percent to reach its highest in nearly three years at $2,048 a tonne. China outdid even that, with the most actively traded contract on the Shanghai Futures Exchange (ShFE) hitting a five-year high of 16,480 yuan a tonne amid an explosion in trading volumes and open interest. Click here to read full stories.

Aug 15 - China's record steel output in July shows summer lull never arrived

The typical summer lull across China's steel sector never arrived this year as mills have churned out record volumes in a rush to fill a supply gap caused by government-mandated closures and to cash in on high margins. China typically sees a slowdown in steel output because construction demand slows as building activity drop during the high temperatures in summer. The country's output may rise higher as construction activity picks up in the autumn. Click here to read full stories.

Aug 15 - Vale works to speed up listing in strictest Brazil market 

Bigger-than-expected shareholder backing for Vale SA's stock conversion plan could lead the world's No. 1 iron ore producer to speed up the listing of common shares in Brazil's strictest market to lure a broader investor base. Chief Executive Officer Fabio Schvartsman told investors in a Monday conference call that the conversion plan, which ended last week, was "a success." A total 1.66 billion Vale preferred shares, or 84.4 percent of that class of stock in circulation, joined the plan, topping a minimum 54.09 percent threshold. Click here to read full stories.

Aug 15 - China trade body confirms challenge to U.S. aluminium foil tariffs

A Chinese metals industry association confirmed on Monday that the nation's aluminium sector would mount a legal challenge to the U.S. Department of Commerce's preliminary decision to impose antidumping tariffs on imports of Chinese aluminium foil. The aluminium sector will "take the necessary measures to safeguard the industry's interests," the China Nonferrous Metals Industry Association said in a statement, adding that it was organising a joint defence by foil-exporting companies. Click here to read full stories.

Aug 15 - India to import 25 T gold from South Korea, avoiding duty - industry officials

Indian traders are likely to import 25 tonnes of gold from South Korea in July and August, taking advantage of a recent tax change that allows importers to ship in gold without paying a 10 percent customs duty, industry officials told Reuters. The cheap imports are putting pressure on local refiners and banks who cannot match the steep discounts being offered on bullion sales from the duty-free gold from South Korea. Click here to read full stories.

Aug 15 - Tougher than steel: Japan looks to wood pulp to make lighter auto parts

The global push among carmakers to make ever lighter vehicles is leading some auto suppliers in Japan to turn to what seems like an unlikely substitute for steel - wood. Japanese researchers and auto component makers say a material made from wood pulp weighs just one fifth of steel and can be five times stronger. Click here to read full stories.

Aug 15 - Russian gold producer Polyus earnings rise, says Natalka on track

Russia's largest gold producer Polyus  on Monday reported a 10 percent increase in first-half core earnings as higher sales volumes compensated for a flat gold price. Polyus, controlled by the family of Russian tycoon Suleiman Kerimov, also said that it was on track to start production at its main greenfield project - the Natalka gold deposit in Russia's far east - by the end of this year. Click here to read full stories.

Aug 15 - Mitsui to book $810 mln after-tax profit in Q2 on Vale's stock conversion plan

Japanese trading firm Mitsui & Co Ltd said on Tuesday it would book an after-tax profit of about 89 billion yen ($810 million) in the July-September second quarter on Brazil's Vale's stock conversion plan. Mitsui said the profit was not included in its profit forecast for the year to March 2018 and it would revise the forecast as needed. Click here to read full stories.

Aug 15 - Russia's Alrosa says can't reach an area of 4 missing miners 

Rescuers have been unable to reach the area of an underground mine in Siberia where four of eight missing miners might have been working during a partial flood this month, Russian diamond producer Alrosa said on Tuesday. State-controlled Alrosa has been searching for the eight missing miners since Aug. 4 when its Mir mine in the remote Yakutia region of eastern Siberia was partly flooded by water from an open-pit mine above it.  Click here to read full stories.

Aug 15 - Glencore Zambia unit says halts all output due to reduced power supply 

Glencore's Zambian copper mining unit said on Monday it had suspended all operations at its two mines there due to restricted power supply. Mopani Copper Mines Plc said output at its Kitwe and Mofulira mines would resume output once it resolves a dispute over tariffs with energy supplier, Copperbelt Energy Corp. Click here to read full stories.

Aug 14 - Gold rally is fuelled by Trump's tweets, but that's not enough: Russell

Gold's rally in recent weeks may be its first boosted by Twitter, but for the gains to sustain it will likely take more than just the ramping up of global geopolitical tensions amid bellicose tweets from U.S. President Donald Trump. Spot gold has jumped 7 percent from its recent intra-day low on July 10 to close at $1,288.81 an ounce on Aug. 11, it's highest in two months. Click here to read full stories.

Aug 14 - India's gold imports to rebound in 2017 on restocking, good monsoon - top refiner 

India's gold imports are likely to jump by a third in 2017 to 750 tonnes on restocking by jewellers and as good monsoon rainfall is expected to boost demand in rural areas during the upcoming festive season, a leading refiner told Reuters. Higher imports by the world's second biggest consumer will support global prices, which are trading near their highest level in two months, but could widen the country's trade deficit. Click here to read full stories.

Aug 14 - Brazil's Vale says 84.4 pct of shareholders join share swap

Brazilian mining company Vale SA on Friday said 84.4 percent of current shareholders agreed to swap their preferred stock into common shares, guaranteeing the success of the country's largest ever corporate reorganization, at $21 billion. In a securities filing, Vale said a total of 1.660 billion preferred shares -- which comprise company stock traded in Brazil and the United States -- joined the plan. The company had set a minimum 54.09 percent threshold to approve the share conversion, whose deadline for shareholders was Friday. Click here to read full stories.

Aug 14 - Tata Steel gets regulatory approval for UK pension deal 

India's Tata Steel Ltd  has received regulatory approval for a deal to cut its UK pension scheme liabilities, it said on Friday, paving the way for a possible merger between its British and European steelbusinesses and those of Germany's Thyssenkrupp. The pensions deal "represents the best possible structural outcome for the members of the British Steel Pension Scheme and for the Tata Steel UK business," Koushik Chatterjee, Tata Steel's group executive director, said. Click here to read full stories.

Aug 14 - Speculators up bullish bets on COMEX gold to near 2-month high - CFTC

Hedge funds and money managers boosted their net long position in COMEX gold for the fourth straight week to a near two-month high in the week to Aug. 8, and raised it slightly in silver, U.S. Commodity Futures Trading Commission data showed on Friday. The speculators also lifted their net long position in copper futures and options further to a fresh record, the data showed. Copper prices hit two-year peaks as soaring steel and iron ore prices in China brightened the outlook for growth and industrial demand in the world's largest metals consumer.  Click here to read full stories.

Aug 14 - Chile's Codelco preparing investment in Mongolian copper 

Chilean state miner Codelco, the world's second largest producer of copper, is preparing to invest in far afield Mongolia as the copper market improves, the company's chief executive told Reuters on Friday. In an interview as part of the Reuters Latin American Investment Summit in Codelco's copper-coated offices in downtown Santiago, Nelson Pizarro said the company was aiming for medium-term investments in the isolated Asian nation, which appears to have significant untapped copper potential.  Click here to read full stories.

Aug 14 - China steel output hits record in July at 74 mln tonnes - stats bureau 

China's steel output hit a monthly record in July at 74.02 million tonnes, up 10.3 percent on a year ago as mills in the world's top producer continued to ramp up production even as Beijing intensified its war on smog. July's figure was ahead of the previous monthly record of 73.23 million tonnes set in June, official data showed, underlining concerns about oversupply in the market. Click here to read full stories.

Aug 14 - China Hongqiao confirms 2.68 MT aluminium capacity closure

China Hongqiao, the world's top aluminium producer, on Monday confirmed it had closed 2.68 million tonnes of illegal smelting capacity after being ordered to do so by the government of its home province of Shandong. The illegal capacity was split over five projects but neither the company nor any of its subsidiaries was fined by the authorities, according to a statement issued to the Shenzhen stock exchange by Hongqiao subsidiary Shandong Weiqiao. Click here to read full stories.

Aug 14 - Cornish Lithium project secures 1 million pounds for exploration

British mining company Cornish Lithium has secured 1 million pounds ($1.30 million) to explore for lithium in Cornwall, southwest England, its CEO said, taking the country a step closer to a domestic source of the strategic mineral. Lithium plays an essential role in electric car batteries, and is produced by evaporation in Latin America, which has been considered the cheapest source. But new technology to extract lithium from brine is helping to make other options more viable. Click here to read full stories.

Aug 11 - A false dawn for Chinese aluminium? Some think so

Chinese aluminium prices have skyrocketed amid a crackdown on overcapacity, but traders say final demand is weak and cuts may not be as big as expected. Trading data shows some are bracing for a correction. China, the world's largest producer of the metal, is forcing illegally built plants to close and pursuing others that have not met environmental targets as it pushes to clear its skies and shore up loss-making industries. Click here to read full stories.

Aug 11 - Mitsui, Cobra in talks with BHP over desalination plant - sources

A consortium made up of Mitsui & Co and Grupo Cobra is in exclusive talks with BHP Billiton Plc to build an $800 million desalination plant at its Spence copper mine in Chile, two sources with knowledge of the process told Reuters this week. This means BHP, the world's biggest mining house, is advancing the contracting process for a planned $2.5 billion expansion at Spence, a project that has been on ice for years. Click here to read full stories.

Aug 11 - Vale investors overwhelmingly join share conversion plan

Investors in Brazil's Vale SA have overwhelmingly agreed to swap their preferred stock into common shares, handling the world's No. 1 iron ore producer a victory in a plan that will give equal votes to all shareholders and limit government meddling. In a Thursday securities filing, Vale said a total 1.421 billion preferred shares, or the equivalent of over 72 percent of that class of stock in circulation, joined the plan, topping the minimum 54.09 percent threshold set to approve a share conversion plan. Click here to read full stories.

Aug 11 - You have been warned. Risks mount for China steel, iron ore: Russell

Anyone betting that the rally in China's steel and iron ore prices is going to continue unabated can't say they haven't been warned. The threat isn't explicit, but the signs are mounting that the authorities in Beijing are growing increasingly concerned about the strength in one of the economy's key sectors. Click here to read full stories.

Aug 11 - Thyssenkrupp won't be rushed on European steel tie-up with Tata

Thyssenkrupp will not be rushed into any deal with Tata Steel to merge their European steel businesses, its chief financial officer said, pouring cold water on investor hopes for a quick agreement. The German steel-to-elevators group is facing pressure from investors to deliver on the tie-up, after talks have been going on for over a year. Click here to read full stories.

Aug 11 - Union federation accuses copper miner Freeport of treating 'fired' workers 'with contempt'

IndustriALL Global Union, a federation of global workers unions, said on Friday that the Indonesian unit of copper miner Freeport McMoRan Inc and copper smelter PT Smelting treated "fired" workers "inhumanely and with contempt", urging both to reinstate the workers. Following export restrictions related to a permit dispute, Freeport furloughed some 3,000 workers in Indonesia earlier this year, which prompted a strike and high levels of absenteeism. Click here to read full stories.

Aug 11 - EU imposes import duties on some Chinese steel to counter subsidies

The European Union has imposed provisional import duties of as much as 28.5 percent on certain Chinese corrosion-resistantsteels after an eight-month investigation found that the products benefited from unfair subsidies. The Aug. 9 decision by the European Commission followed a complaint by steel association Eurofer whose members include ArcelorMittal, ThyssenKrupp and Tata Steel Europe. Click here to read full stories.

Aug 11 - China steel association blasts price speculation

China's Iron and Steel Association said on Thursday the recent sharp rise in steel futures prices was due to "speculative" behaviour and had nothing to do with fundamentals or the reality of government-mandated capacity cuts. Chinese steel futures rose to a fresh 4-1/2-year high in Shanghai earlier on Thursday . The world's largest steel producer's bid to curb output by as much as half in major producing areas such as Hebei province this winter spurred a rally this week. Click here to read full stories.

Aug 10 - China's smog crackdown roils niche commodities markets

China's push for blue skies is roiling supplies and boosting prices of key raw materials from soymeal to ferroalloys as the government ramps up smog checks and forces some factories in the world's top commodities market to close or suspend operations. With soymeal and gasoline prices surging, Shandong, China's industrial and agricultural heartland, offered a snapshot into the impact in the market as environmental inspectors started to crisscross the eastern province.  Click here to read full stories.

Aug 10 - Nippon Steel expects high China steel prices throughout 2017

Nippon Steel & Sumitomo Metal Corp, Japan's biggest steelmaker, expects China's steel prices to remain elevated throughout the year as Beijing's infrastructure spending boosts local construction demand, a senior company official said. Chinese steel rebar futures surged to their highest since March 2013 this week, lifted also by worries over tighter supply in the coming winter due to Beijing ordering low-quality mills to shut down to curb pollution.  Click here to read full stories.

Aug 10 - Vale Indonesia struggles to find nickel smelter partners after rule change - CEO

Nickel producer Vale Indonesia said Indonesia's recent policy shift to allow ore exports is helping keep global prices of the metal low, and complicating efforts to establish partnerships for new smelter investments. Nickel miners globally have been grappling with persistent weakness in the market, partly the result of moves by Indonesia and the Philippines to pull back on restrictions targeting their mining sectors. Click here to read full stories.

Aug 10 - First Quantum to shutter Australia nickel mine in September

First Quantum Minerals Ltd said on Wednesday it plans to suspend operations at its Ravensthorpe nickel mine in Western Australia at the beginning of next month due to persistently weak nickel prices, affecting around 450 employees and contractors. The mine will be placed on care and maintenance, which is expected to take effect in early October, it said. Click here to read full stories.

Aug 10 - Glencore raises earnings guidance, sees electric vehicles boosting demand

Mining and commodities trading group Glencore raised its earnings guidance on Thursday and said it expected the increased take-up of electric vehicles and demand for storage to boost demand for its products. The company increased its full-year forecast for a profit measure called marketing adjusted earnings before interest and tax (EBIT) by $100 million to a range of between $2.4 billion and $2.7 billion. Click here to read full stories.

Aug 10 - Steel recovery lifts Thyssenkrupp as market awaits Tata tie-up

Thyssenkrupp posted higher-than-expected third-quarter group orders andprofits at its steel business in Europe, which CEO Heinrich Hiesinger is hoping to merge with its counterpart at Tata Steel. Helped by a recovery in steel prices, the company posted a 14 percent rise in third-quarter order intake to 10.7 billion euros ($12.6 billion) and adjusted earnings before interest and tax (EBIT) of 620 million. Click here to read full stories.

Aug 10 - BHP turns to electric car batteries to recharge its nickel business

The rise of electric vehicles is driving the world's biggest mining house, BHP, to switch gears and invest heavily in its long-suffering nickel business. Eduard Haegel, division chief of BHP Nickel West, said the company planned to spend more than $43 million building a nickel processing plant near Perth, Australia as part of a broader plan to reposition the business around batteries. Click here to read full stories.

Aug 10 - British mineral explorer in Africa lists in London

A British explorer for mineral resources in Africa will on Thursday become the first venture of its kind to be listed on London's AIM market for growing companies, its CEO said. Following the recovery of the mining sector from a commodity price crash in 2015-16, a handful of new companies have listed. Click here to read full stories.

Aug 10 - Bullish funds' return to copper a taste of things to come? Andy Home

London copper on Wednesday morning touched a high of $6,515 per tonne, a price level last seen in December 2014. This is an extension of the rally that began so dramatically on July 25, when London Metal Exchange (LME) three-month copper punched through $6,200, the top end of a long-standing trading range. Click here to read full stories.

Aug 10 - Aurubis Q3 earnings surge 165 pct, upbeat for full year

Aurubis AG, Europe's biggest copper smelter, posted a 165 percent surge in fiscal third-quarter operating earnings on Thursday as it maintained high production levels, and stood by its positive outlook for the full year. Aurubis said operating pretax profit (EBT) rose to 93 million euros ($109.74 million) for the quarter to end-June from 35 million euros in the year-ago period when earnings had been depressed by a smelter shutdown. Click here to read full stories.

Aug 10 - Patrick Evans to be new CEO of Canada's Dominion Diamond

Patrick Evans, the former chief executive of Mountain Province Diamonds, will become the new CEO of Dominion Diamond Corp once a deal to purchase the Canadian diamond company closes later this year, he said on Wednesday. Dominion, the world's third largest diamond producer by market value, has been looking for a CEO since January when its former head, Brendan Bell, quit.  Click here to read full stories.

Aug 10 - Russia's Evraz core profits almost double on higher prices

Evraz, Russia's second-biggest steelmaker, said on Thursday its core earnings almost doubled in the first half of 2017 on the back of higher coal and steel prices, meeting market expectations. The company, which is also Russia's top producer of coking coal, said its earnings before interest, taxation, depreciation and amortisation (EBITDA) totalled $1.15 billion in the first six months of the year, up from $577 million a year earlier. Click here to read full stories.

Aug 10 - Peru's Buenaventura CEO says no near-term Conga gold mine revival

Buenaventura, Peru's largest producer of precious metals, has no plans to restart its Conga gold mine this year or in 2018 and will instead focus on efficiency gains at four of its fully owned operations in the country, the company's top executive said on Wednesday. The company also plans to extend the working life of the Yanacocha gold mine, in which it has a minority stake, through 2025, Chief Executive Officer Victor Gobitz said in an interview at the Reuters Latin America Investment Summit. Click here to read full stories.

Aug 09 - Good, bad or ugly? China's commodity imports conundrum: Russell

Were China's commodity imports in July a continuation of the trend of robust growth, a pause from the recent strength, or early signs of a slowdown? When numbers aren't unequivocally pointing in the same direction it often becomes possible to interpret them in different ways. Click here to read full stories.

Aug 09 - Vale CFO Siani sees share conversion plan luring more global investors

A plan to merge Vale SA's  different classes of stock into a single, common one should help the world's No. 1 iron ore producer lure more Asian investors and specialized mining and metals funds as shareholders, Chief Financial Officer Luciano Siani told the Reuters Latin American Investment Summit. The plan, approved by shareholders in June, will be key to raising awareness among global investors of the benefits of a company with dispersed share ownership, no controlling bloc and with increased transparency over decision-making, Siani said. Click here to read full stories.

Aug 09 - Beijing summons steel execs, regulators, bourse to discuss price surge - sources

China has summoned regulators, a major exchange and steel company executives to a meeting on Wednesday to discuss steel prices, people familiar with the matter said, as a surge in markets due to output cuts draws scrutiny from authorities. The meeting, to be hosted by the National Development & Reform Commission (NDRC), will discuss futures and physical steel prices, an official at China Iron and Steel Association (CISA) said, speaking on conditiona of anonymity. Click here to read full stories.

Aug 09 - U.S. finds China aluminum foil subsidized, imposes duties

The U.S. Commerce Department said on Tuesday it made a preliminary finding that imports of aluminum foil from China are subsidized, and it imposed countervailing duties ranging from 16.56 percent to 80.97 percent. U.S. aluminum foil producers had filed petitions with the U.S. government accusing Chinese producers of receiving subsidies and of "dumping" the product in the United States market, the first such case since President Donald Trump took office.  Click here to read full stories.

Aug 09 - Voestalpine beats expectations on strong demand seen to last into Q2

Austrian specialty steelmaker Voestalpine  on Wednesday reported an expectations-beating increase of 96 percent in first-quarter operating profit, boosted by strong demand for itsautomotive, aviation and consumer goods products. "In terms of earnings, following the excellent first quarter, we expect the second quarter to be characterized by continued strong demand as well as by seasonal effects," it said, referring to summer plant closures. Click here to read full stories.

Aug 09 - China's top aluminium region Shandong orders 3.2 mln tonnes of capacity shut

China's Shandong province has ordered 3.21 million tonnes of smelting capacity to be shut in the world's top producer of the metal, more than previously expected, as Beijing intensifies efforts to curb pollution in its bloated heavy industries. News of the cuts - affecting China Hongqiao, the world's biggest aluminium supplier - extended a rally in aluminium prices into a second day, with Shanghai futures hitting their highest levels in more than 4-1/2 years on Tuesday. Click here to read full stories.

Aug 09 - Chile short-lists seven companies for value-added lithium projects

The Chilean government has short-listed seven companies to develop value-added lithium projects in the country, state development agency CORFO said on Tuesday, the latest move in Chile's push to diversify its exports. Chile is part of South America's "lithium triangle," home to more than half the known global reserves of the mineral, which plays an essential part in electric car batteries. Lithium currently must be sent abroad to be developed into consumer products, and Chile's government wants to change that. Click here to read full stories.

Aug 09 - India's Jindal Steel and Power narrows June-qtr loss, beats estimates

Jindal Steel and Power Ltd, one of India's biggest steelmakers, beat estimates with a narrower first-quarter loss, boosted by higher revenue from its iron and steel business. Revenue from Jindal's iron and steel segment rose about 26 percent to 47.13 billion rupees ($740.61 million). Click here to read full stories.

Aug 08 - Lithium processors prepare to meet demand in era of electric car

Producers of processed lithium - an essential element for batteries used in electric cars - are agreeing long-term contracts with their customers to fund the investments needed to address a looming shortfall. Demand for battery-grade lithium compounds is expected to skyrocket in the next decades in tandem with soaring demand for electric cars as governments and individual consumers try to reduce their carbon footprint. Click here to read full stories.

Aug 08 - Port stocks the growing elephant in the room for iron ore prices: Andy Home

Chinese steel and iron ore prices continue to rise in lock-step. In Shanghai today the most active steel rebar contract went limit-up, surging 7 percent to 4,013 yuan per ($597) per tonne, its highest level since April 2013. Click here to read full stories.

Aug 08 - China July copper imports rise over 8 pct as credit woes ease

China's imports of copper and copper products rose around 8 percent in July from last year as the availability of credit improved, even as concerns lingered about manufacturing activity in the world's No.2 economy, according to Reuters calculations. For July, arrivals of unwrought copper totalled 390,000 tonnes, according to data released by the General Administration of Customs on Tuesday. Click here to read full stories.

Aug 08 - Iron ore futures curve shows confidence in rally starting to slip: Russell

Some of the confidence in iron ore's recent rally may be starting to seep out of the market, with the discount for longer-dated futures widening over the past month. Iron ore futures traded on the Singapore Exchange (SGX) have seen increasing backwardation, when prices for contracts further out along a market's curve are lower than those for settlement in the current month. Click here to read full stories.

Aug 08 - Trafigura wins Red River's Australian zinc, lead offtake

Australian miner Red River said on Tuesday that commodity trader Trafigura has won an offtake agreement for zinc and lead concentrate production from its Thalanga mine in the north of the country. The Thalanga zinc project in Queensland state, which had been under 'care and maintenance' since 2012, has been ramping up since last year and is on track for production in the fourth quarter, Red River said in a statement. Click here to read full stories.

Aug 08 - China's Dongbei Steel restructuring plan gets creditor approval

Creditors of Dongbei Special Steel Group Co Ltd have approved a draft plan to restructure the stricken northeastern Chinese steelmaker, the company said on Tuesday. An official with the company's public relations office told Reuters the plan was passed at a creditors' meeting on Tuesday morning. He gave no further details. Click here to read full stories.

Aug 08 - Iron ore exports to China from Australia's Port Hedland drop 12 pct in July

Iron ore shipments to China from Australia's Port Hedland terminal dropped 12 percent to 32.03 million tonnes in July from 36.6 million tonnes in June, port data released on Tuesday showed. Overall iron ore shipments from the world's biggest export terminal for the steelmaking raw material dipped to 37.9 million tonnes from 43.1 million tonnes in June, according to the Pilbara Ports Authority. Click here to read full stories.

Aug 08 - Brazil suspends murder trial in Samarco disaster over possible illegal evidence

A judge in Brazil has temporarily suspended criminal proceedings against 22 people and four companies accused of killing 19 people in the 2015 Samarco mine disaster, over the legality of phone intercepts between executives involved and other evidence. Vale SA and BHP Billiton, joint owners of the Samarco iron ore mine, are among those accused of crimes related to a burst tailings dam that unleashed a torrent of waste in what is considered to be Brazil's worst-ever environmental disaster. Click here to read full stories.

Aug 08 - India's Tata Steel swings to profit in first quarter

Tata Steel Ltd returned to profit in the first quarter of this year after a loss a year ago, helped by the ramp up of its Kalinganagar plant in the Indian state of Odisha. Revenue in the quarter jumped 19 percent, aided by increased capacity in India and Tata's restructuring efforts in Europe, said Koushik Chatterjee, group executive director (Finance and Corporate). Click here to read full stories.

Aug 08 - Chile expects sharp increase in mine investment over 10 years

Mining companies are planning to invest about $65 billion in Chile over the next 10 years, almost one-third more than previously estimated, the government of the world's top copper producer said on Monday. More than 90 percent of the projects are in copper, Chilean Mining Minister Aurora Williams said in a presentation. Click here to read full stories.

Aug 08 - Russia's Alrosa searches for 8 workers missing after flooding at diamond mine

Rescue teams were still searching on Monday for eight workers missing in a flooded underground mine owned by Russian diamond miner Alrosa after one miner was rescued over the weekend. Parts of the "Mir" ("Peace" or "World") mine in the remote Yakutia region of eastern Siberia flooded on Friday when water seeped in from an open-cast mine above it. Click here to read full stories.

Aug 07 - LME seeks consensus to cut rents for storing metal 

The London Metal Exchange is seeking agreement from its network of metal warehouse owners to cut the rents charged for storage, which could boost the amounts of metal registered under LME warrant and improve transparency. Rents for aluminium on warrant, which gives the material LME backing, currently averages around 54 U.S cents a tonne. Of that the exchange earns 1.1 percent. Rent for metal not under LME warrant is typically 10 cents or below. Click here to read full stories.

Aug 07 - Top gold fund SPDR marks steepest monthly fall in more than 4 yrs 

SPDR Gold Trust, the world's largest physically-backed gold fund, saw its holdings drop more than 7 percent in July, as investors dumped bullion for other assets like equities and led it to its biggest monthly decline since April 2013. Holdings in the exchange-traded fund (ETF) dropped about 55 tonnes in July, leaving volumes at 791.88 tonnes of bullion worth about $32 billion. Click here to read full stories.

Aug 07 - South Africa's mines minister withdraws plan to suspend rights 

South Africa's mineral resources department has withdrawn its plan to suspend the issuance of new mining and prospecting rights, a move critics said could hamper growth and investment. Mines Minister Mosebenzi Zwane also met with Sibanye Gold on Friday to express his concerns about layoffs at the company, which is restructuring its operations in a move that could affect 7,400 of its employees. Click here to read full stories.

Aug 07 - China's Shenhua suspends two coal mines, Mongolia set to benefit

China Shenhua Energy Co. Ltd has suspended operations at two large open-pit coal mines in northern China, it said late on Thursday, a move that could benefit producers across the border in Mongolia. Shenhua Energy, the listed unit of the state-owned Shenhua Group, China's biggest coal producer, announced on Thursday that the Ha'erwusu and Baorixile mines in Inner Mongolia had been temporarily suspended as a result of "land requisition" delays. Click here to read full stories.

Aug 07 - Bullish bets on copper hit record, COMEX gold at 7-wk high - CFTC 

Hedge funds and money managers boosted their net long position in COMEX gold for the third straight time to the highest in seven weeks in the week to Aug. 1, and raised it to a record high in copper, U.S. Commodity Futures Trading Commission data showed on Friday. Speculators upped their bullish stance in copper futures and options by 18,645 lots to a record 104,268 lots, according to the data going back to 2006. The price of copper hit a two-year peak this week on upbeat manufacturing data in top consumer China.  Click here to read full stories.

Aug 07 - Lonmin to sell surplus platinum capacity to raise cash 

Platinum miner Lonmin Plc said it would cut costs and monetise select assets, including the sale of excess processing capacity of up to 500,000 platinum ounces per year, to maximise cash from processing operations and preserve cash. The measures are in response to a subdued South African economy and inflationary pressures on the platinum mining industry, the company said on Monday. Click here to read full stories.

Aug 07 - EPA to review previously denied claims from Colorado mine spill 

U.S. Environmental Protection Agency Administrator Scott Pruitt vowed on Friday to review $1.2 billion in previously denied claims for economic losses from a 2015 EPA-triggered toxic waste spill at a dormant Colorado gold mine. The Obama administration "failed" the public when it rejected damages sought by local governments, businesses and others affected by the spill at the Gold King Mine, Pruitt said in a statement. Click here to read full stories.

Aug 07 - BHP presses for cheaper power ahead of Olympic Dam mine expansion 

BHP Billiton is looking for ways to shore up power supply and bring down power costs at its Olympic Dam copper mine in Australia, as it plans to expand following a string of electrical outages, the mine's head said on Friday. The mine has been badly hit by an energy crisis in Australia stoked by the rapid rise of wind power and closure of coal-fired power plants. This has destabilised the national grid and soaring natural gas prices have driven up power tariffs. Click here to read full stories.

Aug 07 - Lucara Diamond mulls partnership to sell world's largest uncut stone

Nearly two years after unearthing a tennis ball-sized 1,109-carat rough diamond, Lucara Diamond Corp  is considering forming a partnership to sell the stone if it still does not have a deal in the next six to eight weeks. Lucara, which failed to sell the world's largest uncut stone at Sotheby's auction house in June 2016, continues to receive offers, Chief Executive William Lamb said on a conference call with analysts on Friday. Click here to read full stories.

Aug 07 - Russia's Alrosa searching for 9 miners missing after accident 

Rescue teams are searching for nine workers missing in an underground mine owned by Russian diamond miner Alrosa after water flooded in on Friday, the company said. A total of 133 miners were brought to the surface after the flood started, Alrosa said in a statement citing its chief executive Sergey Ivanov. There were 142 workers underground when the accident happened and nine more were preparing to go down to the mine. Click here to read full stories.

Aug 04 - Nickel rallies but still seeking a coherent narrative: Home

The nickel price has rallied by almost 18 percent over the last month. London Metal Exchange (LME) three-month nickel was trading below the $8,900-per tonne level on July 10. It has this morning recorded a five-month high of $10,445. Fund managers who fled the market in April and May have returned. The LME's Commitments of Traders Report shows them holding a net long position of 32,363 lots, compared with a net short of 887 lots on May 15. Click here to read full stories.

Aug 04 - Asian battery makers eye nickel top-up as cobalt price bites 

Soaring cobalt prices are prompting Asia's top battery makers to tweak the recipe for lithium-ion batteries used to power electric cars and mobile phones - reducing the amount of cobalt and adding more nickel. With forecasts for electric vehicle (EV) battery demand to jump 20-fold over the decade to 2025, manufacturers are looking to cut back on more expensive components. Cobalt has more than doubled in price over the past year on strong demand and a supply shortage. Click here to read full stories.

Aug 04 - U.S. businesses fear Trump mishandling of China IP, trade probe 

U.S. President Donald Trump's threat to investigate China's intellectual property and trade practices is valid, but his administration may not be up to the delicate task of carrying out a new China probe without sparking a damaging trade war, U.S. business lobbyists told Reuters on Thursday. The lobbyists' fears that Trump could mishandle such an inquiry came as he searched for ways to increase pressure on China to do more about reining in North Korea's nuclear and missile programs, with trade policy viewed as a useful lever. Click here to read full stories.

Aug 04 - Sibanye Gold planning job cuts in S.Africa mines revamp

South Africa's Sibanye Gold will restructure operations in its domestic market, a move that could affect 7,400 of its employees, the gold and platinum miner said on Thursday. Sibanye follows Anglogold Ashanti, which said in June it could cut 8,500 jobs as it restructures its South African mines.  Click here to read full stories.

Aug 04 - Union to press for Freeport mine worker rights on Indonesia visit

A trade union said on Wednesday that it will press Indonesia's government to reinstate thousands of striking workers at Freeport-McMoRan Inc's Grasberg mine when union officials visit the Southeast Asian country next week. IndustriALL Global Union said in an emailed statement that it would formally announce plans on Thursday for its mission to support striking workers at Grasberg, the world's second-largest copper mine, and a smelter jointly owned and operated by Freeport and Mitsubishi Materials. Click here to read full stories.

Aug 04 - Japan's Itochu sees iron ore, coking coal prices falling later in 2017 - CFO 

Japanese trading house Itochu Corp's Chief Financial Officer (CFO) said on Friday the firm is maintaining its earlier assumption that natural resource prices such as iron ore and coking coal will weaken later this year, despite a recent rally. Higher prices of iron ore and coking coal boosted the company's first-quarter earnings, but prices of the steel-making ingredients are likely to fall as supply will increase and China's steel output may be capped, said CFO Tsuyoshi Hachimura, speaking at an earnings news conference. Click here to read full stories.

Aug 04 - Randgold reports 53 pct rise in H1 profit, cash pile mounts

African gold miner Randgold on Thursday reported a 53 percent rise in half-year profit and a mounting cash pile, and said it was well on the way to developing projects that will position it for an eventual increase in demand. The company, with operations in Cote d'Ivoire, Democratic Republic of Congo, Mali and Senegal, has stood out for its lack of debt and continued strength even when other miners struggled during the commodities downturn of 2015-16. Click here to read full stories.

Aug 04 - Greece says Eldorado mine arbitration to start in August

Greece plans to start an arbitration process in August to settle its differences with Canada's Eldorado Gold Corp over its gold mine development plans, the energy ministry said on Thursday. Energy Minister George Stathakis met Eldorado's management in Athens on Wednesday and the two sides discussed the issue, the ministry said in a statement. Click here to read full stories.

Aug 04 - South Africa's Gold Fields selling Darlot mine in Australia

Gold Fields is in the process of disposing its Western Australia mine to Perth-headquartered Red 5 Ltd for A$18.5 million ($15 million), the South African miner said on Thursday. Gold Fields is selling the mine through a subsidiary and will receive A$12 million in cash and 130 million Red 5 shares in exchange for its Darlot mine, it said in a statement. The sale is expected to close at the end of September. Click here to read full stories.

Aug 03 - Global demand for gold drops 14 pct in first half of 2017 - WGC 

Global demand for gold fell 14 percent in the first half of this year due mainly to a sharp decline in purchases by exchange traded funds, the World Gold Council said in a report on Thursday. Central bank buying also fell slightly in the first half but purchases of bars, coins and jewellery grew thanks to strong demand in India and Turkey, the industry-funded WGC said in its latest Gold Demand Trends report. Click here to read full stories.

Aug 03 - China's coal imports soar as India's stumble: Russell 

China's imports of coal from the seaborne market surged again in July, providing a stark contrast to a fourth consecutive monthly decline for India. It's possible that the market should be paying more attention to China's growing imports rather than India's downturn. Click here to read full stories.

Aug 03 - Hydro-powered smelters charge premium prices for "green" aluminium

Producers of "green" aluminium - made using renewable energy rather than fossil fuels - are starting to charge premium prices thanks to rising demand from industrial customers under pressure to reduce their carbon footprints. Operators of smelters powered by hydro-electricity in the likes of Norway, Russia and Canada are promoting their environmental credentials - and stealing a march on others that rely on coal or gas, notably in China and the Gulf. Click here to read full stories.

Aug 03 - China aluminium capacity cuts boost market leaders, prices 

China's crackdown on its bloated aluminium industry is driving up the share price of the country's major producers and raising the spectre of a tighter global market that could buoy prices. China is forcing the suspension of aluminium plants that have not obtained proper permits to build or expand, or that have not met strict environmental standards, as Beijing pushes to clear its skies and shore up loss-making industries.  Click here to read full stories.

Aug 03 - Thyssenkrupp works council chief says not pushing for a break up

Thyssenkrupp's works council is not pushing for a break up of the group, its leader said on Wednesday, after a newspaper reported trade union IG Metall was keen to explore such a move as an alternative to a steel merger with Tata. "I'm not aware of any such deliberations," Wilhelm Segerath told Reuters after the report in the Boersen-Zeitung newspaper said the German industrial group was mulling a break up. Click here to read full stories.

Aug 03 - Union to press for Freeport mine worker rights on Indonesia visit 

A trade union said on Wednesday that it will press Indonesia's government to reinstate thousands of striking workers at Freeport-McMoRan Inc's Grasberg mine when union officials visit the Southeast Asian country next week. IndustriALL Global Union said in an emailed statement that it would formally announce plans on Thursday for its mission to support striking workers at Grasberg, the world's second-largest copper mine, and a smelter jointly owned and operated by Freeport and Mitsubishi Materials. Click here to read full stories.

Aug 03 - Mitsui Q1 profit soars 81 pct on firmer iron ore, coking coal prices 

Japanese trading company Mitsui & Co said on Thursday its first-quarter net profit jumped 81 percent as higher prices for iron ore and coking coal buoyed earnings. Mitsui, Japan's second-biggest trading house by assets, said net profit for April-June was 110.76 billion yen ($1 billion), up from 61.15 billion yen in the same period a year earlier. Click here to read full stories.

Aug 02 - Rio Tinto H1 earnings more than double, hands back extra $1 bln 

Global miner Rio Tinto reported a more than doubling of its first-half profit on Wednesday and rewarded shareholders with a record interim dividend and an additonal $1 billion share buyback. Underlying earnings for the six months to June 30 of $3.94 billion missed forecasts for $4.19 billion, according to Thomson Reuters I/B/E/S, but were well above last year's $1.56 billion on a recovery in iron ore and other commodity prices. Click here to read full stories.

Aug 02 - Odebrecht to exit Angola diamond mine, sources say

Odebrecht SA, the Brazilian conglomerate selling assets in the wake of a corruption scandal, has agreed to sell a 16.4 percent stake in the world's No. 4 diamond mine to a partner, a person with direct knowledge of the transaction said on Tuesday. According to the person, Odebrecht exited Sociedade Mineira de Catoca Lda to meet terms of a 12 billion-real ($3.84 billion) asset sale goal. State-run Empresa Nacional de Prospecção, Exploração, Lapidação & Comercialização de Diamantes de Angola EP, commonly known as Endiama, bought out the stake with the help of other partners in Catoca, the person added. Click here to read full stories.

Aug 02 - Japan steelmakers see solid profit growth on product price hike 

Japanese steelmakers are upbeat on their earnings for this fiscal year as they are passing heavier raw materials costs on to customers by raising product prices, betting on solid demand at home and abroad. The main risks to their earnings outlook would be any impact on the economy in China, the world's biggest steel producer and consumer, from policy changes after the 19th National Congress of the Chinese Communist Party later this year, or any action taken by the U.S. government to curb its steel imports. Click here to read full stories.

Aug 02 - Scientists turn to big data in hunt for minerals, oil and gas

Scientists searching for everything from oil and gas to copper and gold are adopting techniques used by companies such as Netflix or Amazon to sift through vast amounts of data, a study showed on Tuesday. The method has already helped to discover 10 carbon-bearing minerals and could be widely applied to exploration, they wrote in the journal American Mineralogist. "Big data points to new minerals, new deposits," they wrote of the findings. Click here to read full stories.

Aug 02 - Brazil's Vale calls 'speculative' news it plans to buy stake in Samarco

Brazilian mining company Vale SA dismissed as speculative a news report saying it planned to buy a stake in Samarco Mineração SA from Australian partner BHP Biliton Ltd, according to a securities filing on Tuesday. The news item referred to in the filing appeared on July 30 in a blog hosted by O Globo newspaper, Vale said. Samarco, responsible for Brazil's worst environmental disaster in history, is a 50-50 joint venture of Vale and BHP. Click here to read full stories.

Aug 02 - India's JSW Steel quarterly profit plunges 44 pct, but beats estimates

India's biggest steel producer, JSW Steel Ltd, said on Tuesday net profit fell 44 percent in the quarter ended June, but outperformed analysts' estimates, as sales volumes were hit by the nationwide rollout of a Goods and Services Tax. Overall steel sales volumes stood at 3.51 million tonnes during the quarter with some accumulation of inventory, the company said. Click here to read full stories.

Aug 02 - Trump close to decision on addressing Chinese trade practices 

U.S. President Donald Trump is close to a decision on how to respond to what he considers China's unfair trade practices, a senior Trump administration official said on Tuesday. Trump is considering encouraging U.S. Trade Representative Robert Lighthizer to initiate an investigation of Chinese trade practices under the 1974 Trade Act's section 301, the official said. An announcement could come as early as this week, the official said, speaking on condition of anonymity. Click here to read full stories.

Aug 02 - Argentina Supreme Court to hear case on Barrick Veladero mine 

A federal court in Argentina has ruled that the country's Supreme Court should take up a case related to a government request to suspend operations at Barrick Gold Corp's Veladero mine, a court filing showed. Argentina's environment ministry in April asked a federal court to suspend operations at Veladero until Barrick can guarantee there will be no environmental damages following a spill of cyanide solution in March, its third such incident in 18 months. Click here to read full stories.

Aug 02 - Fresnillo hunts for overlooked silver in copper giant Chile

Mexican miner Fresnillo hopes to begin exploring in Chile later this year as it believes the country, the world's biggest copper producer, is overlooking its potential for silver, its CEO said on Monday. A weak Mexican peso relative to the dollar has helped to shelter Fresnillo from costs as about 45 percent of its expenses are in its local currency, while a relatively strong dollar has boosted its gold and silver revenues.  Click here to read full stories.

Aug 02 - Zimbabwe court halts mining at state diamond firm over environment permit

Zimbabwe's High Court on Tuesday ordered a state diamond company to stop all mining activities because it had not received a permit from the environmental agency allowing it to operate. The Zimbabwe Consolidated Diamond Company (ZCDC) was formed in March last year after President Robert Mugabe's government evicted all diamond mining firms in the Marange fields in the east of the country saying their licences had expired.  Click here to read full stories.

Aug 02 - Russia to auction giant 51-carat polished diamond online 

Russian miner Alrosa said on Tuesday it plans to sell at an online auction in November a rare collection of polished diamonds produced domestically, including a giant 51.38-carat gem. This huge, traditional round-cut diamond, whose 2.5 cm (1 inch) diameter isequal in size to the visible part of a human eye, bears the same name as theentire Dynasty collection. Click here to read full stories.

Aug 02 - Nyrstar beats H1 profit estimates on higher zinc prices, mining resurgence

Zinc producer Nyrstar on Wednesday reported a core profit above estimates for the first half of 2017, aided by higher zinc prices and a resurgence in profitability at its remaining mining operations. Nyrstar has sold all of its mines in South America, but it has invested in its North American raw material assets and will restart operations at a Canadian site in August 2017.Click here to read full stories.

Aug 01 - Iron ore may eventually have to leave China's steel party: Russell 

China's surging steel sector is pulling iron ore along for the ride, but the strong gain in prices raises the risk that marginal supply of the raw material will start to flow into what is already a well-supplied market. Steel prices in Shanghai received another boost on Monday on the back of an increase in China's Purchasing Managers' Index for the sector, which climbed to 54.9 in July from 54.1 in June, marking the third consecutive month that the indicator was above the 50-level that demarcates expansion from contraction.  Click here to read full stories.

Aug 01 - BHP denies it has agreed to sell Samarco stake to Vale 

BHP Billiton on Tuesday denied commentary in a Brazilian newspaper that it has agreed to sell its stake in the Samarco iron ore mine to its partner Vale. The Samarco mine has been shut since November 2015, when a dam burst, unleashing a deluge of mud that killed 19 people and destroyed nearby towns. Click here to read full stories.

Aug 01 - China's threatened scrap import ban jolts copper into life: Home 

Copper has finally emerged from its extended winter hibernation, breaking out of an eight-month trading range to hit two-year highs. London Metal Exchange three-month copper broke through the top of that range at $6,200 last Tuesday and hasn't looked back since. This morning it touched $6,430 per tonne, a level not seen since May 2015. Click here to read full stories.

Aug 01 - LBMA shines a light on the gold in London's vaults 

London's precious metals vaults held 7,449 tonnes of gold worth $298 billion and 32,078 tonnes of silver worth $19 billion as of March 31, the London Bullion Market Association said on Monday, publishing such data for the first time. These holdings underpin the world's largest gold trading centre, with an average $18.1 billion in gold trades cleared per day in London in March, according to the LBMA. Click here to read full stories.

Aug 01 - Tanzania and Barrick start talks to resolve Acacia row 

The Tanzanian government and Barrick Gold have started talks to resolve a tax dispute involving the Canadian company's subsidiary Acacia Mining, the president's office said on Monday. The government accuses Acacia, which is 63.9 percent owned by Barrick, of evading taxes for years by under-declaring exports and has banned exports of gold and copper concentrates. Click here to read full stories.

Aug 01 - South Africa mining union calls for mines minister to be removed 

South Africa's biggest union in the gold sector called on Monday for Mineral Resources Minister Mosebenzi Zwane to be removed from office, saying his move to freeze new mining rights threatened employment in an industry already bleeding jobs. The call by the National Union of Mineworkers, a key ally of the ruling African National Congress, highlights growing political divisions in the party months ahead of a key conference where it will elect a new leader to succeed President Jacob Zuma. Click here to read full stories.

Aug 01 - Russia's Nornickel confirms 2017 output forecast due to strong Q2

Russia's Norilsk Nickel (Nornickel), the world's second-largest nickel and the largest palladium producer, has confirmed its previous 2017 output forecast on Monday after a strong second quarter. Nornickel planned to increase its nickel and palladium output from Russian raw material this year. However, after first-quarter output fell it said it could miss its 2017 production forecast for nickel and platinum group metals by up to 3 percent. Click here to read full stories.