Base & Precious Metals News

Dec 15 - South Africa's Sibanye-Stillwater to be No. 2 platinum miner with Lonmin buy 

South Africa's Sibanye-Stillwater agreed to buy troubled miner Lonmin for about 285 million pounds ($382 million) to create the world's No. 2 platinum producer in a bid to ride out depressed prices for the metal. Sibanye, whose CEO is called "Mr Fix It" for turning his firm from a spin-off with three old mines into a global precious metals player, said it would cut a third of Lonmin's employees and deliver savings of about $112 million a year by 2021. Click here to read full stories.

Dec 15 - As Glencore restarts capacity, is time up for zinc rally? Andy Home 

When Glencore announced it was curtailing 500,000 tonnes of capacity at its zinc mines in October 2015, the price of three-month zinc on the London Metal Exchange was $1,700 per tonne. The price is now $3,175 per tonne, hovering within striking distance of last month's 10-year high of $3,326. Click here to read full stories.

Dec 15 - Chile politics put Potash in tight spot on SQM stake sale 

The chance to own a stake in Chile's SQM, one of the world's top lithium producers, has attracted several potential suitors as prices for the so-called white gold - a key ingredient in electric car batteries - have skyrocketed. But the buyer of the 32 percent of SQM being sold by Canadian Potash Corp of Saskatchewan's, which needs to divest the stake as part of a merger, will need to navigate tricky politics well before any deal is inked. Click here to read full stories.

Dec 15 - Global nickel market deficit widens in October - INSG 

The global nickel market deficit widened to 9,700 tonnes in October from a revised 7,500 tonnes the month before, data from the International Nickel Study Group showed on Thursday. For the first nine months of the year, the global deficit for refined nickel widened to 65,700 tonnes from 47,400 tonnes in the same period of 2016. Click here to read full stories.

Dec 15 - ArcelorMittal says Kazakh coal miners end strike 

Coal miners at steelmaker ArcelorMittal's Kazakh unit have ended their sit-in and emerged from the mines, the company said on Friday, after offers of a pay rise and the threat of legal action. ArcelorMittal Temirtau, the Central Asian nation's biggest steel mill, said it would continue negotiations with the miners. Click here to read full stories.

Dec 15 - British Columbia rejects KGHM's proposed Ajax mine 

British Columbia on Thursday said it would not issue an environmental certificate for KGHM Polska Miedz's Ajax copper and gold mine in the province's interior, saying the adverse effects of the controversial project would outweigh any benefit. The province's decision follows a seven-year joint review by provincial and federal regulators, which found that the project would have 53 residual and cumulative adverse effects, 21 of which were considered of moderate to high magnitude. Click here to read full stories.

Dec 15 - Zambia sees 2017 copper output rising up to 850,000 tonnes 

Zambia's 2017 copper output is expected to increase to between 800,000 and 850,000 tonnes due to stable power supply and higher copper prices from 774,290 tonnes in last year, mines minister Christopher Yaluma said on Thursday. Zambia's copper production is next year likely to increase further to reach 1 million tonnes, Yaluma said, citing improved power generation and higher prices. Click here to read full stories.

Dec 14 - Steel tycoon considers bid for Rio Tinto's Dunkirk aluminium smelter - sources 

Liberty House, the industrial and commodities group buying a number of steel assets around the world, is considering a bid for Rio Tinto's aluminium smelter in northern France, the largest in Europe, three sources with direct knowledge of the matter told Reuters. The Dunkirk plant, which the sources value at around 200 million euros ($234.44 million), would add to the Gupta Family Group (GFG) conglomerate, whose assets range from steel mills and aluminium smelters to hydro-power plants and a private bank. Click here to read full stories.

Dec 14 - China's Nov aluminium output falls to lowest since Feb 2015 

China's primary aluminium production fell for a fifth consecutive month in November, official data showed on Thursday, as the country's winter restrictions on smelters pushed output to its lowest since February 2015. The world's top aluminium producer churned out 2.35 million tonnes of the metal last month, down 7.8 percent from 2.55 million tonnes in October and down 16.8 percent from a year ago, according to the National Bureau of Statistics. Click here to read full stories.

Dec 14 - China daily steel output falls to 9-month low on pollution curbs

China's daily crude steel output slid in November to the lowest in nine months, government data showed on Thursday, as state-imposed curbs aimed at battling smog slowed production at mills in the northern part of the country. Steel output in the world's biggest producer is expected to fall further with the curbs in place through March, analysts say. That will likely keep steel prices, up nearly 50 percent this year, elevated. Click here to read full stories.

Dec 14 - Global lead market narrows deficit in Oct - ILZSG

The global lead market showed a deficit of 10,000 tonnes in October after a surplus of 41,300 tonnes in September, data from the Lisbon-based International Lead and Zinc Study Group (ILZSG) showed on Wednesday. For January to October, the lead market had an output deficit of 173,000 tonnes compared with a surplus of 35,000 tonnes in the same period last year. Click here to read full stories.

Dec 14 - UK lawmakers say watchdog too slow on steelworker pensions 

Britain's markets watchdog was accused on Wednesday of being an "archangel with feet of clay" for not dealing faster with concerns that steelworkers are being "ripped off" over their pensions, lawmakers said on Wednesday. Steelworkers in South Wales and northern England must decide what to do about their 15 billion pound ($20 billion) British Steel pension pot. They face a multitude of advisors and "introducers" touting for business, some offering a free meal to win business. Click here to read full stories.

Dec 14 - Stainless steel firm VDM Metals put up for sale - source 

Buyout group Lindsay Goldberg Vogel has put stainless steel group VDM Metals up for sale after receiving expressions of interest from several companies, a person close to the matter said. The private equity firm has asked Morgan Stanley to organise an auction of the company, which posted earnings before interest, tax, depreciation and amortization of 70-75 million euros in the 2017 fiscal year on sales of 800-900 million euros, the source added. Click here to read full stories.

Dec 14 - Saudi to establish $8 billion export bank for industry, mining 

Saudi Arabia will establish an export bank with capital of $8 billion to support overseas sales by its industrial and mining projects, energy, industry and mineral resources minister Khalid al-Falih said on Wednesday. "A bank for exports with a capital of 30 billion (riyals) will be established to encourage and support exports, and 5 billion riyals have been allocated as a first installment this year," he said in a speech. Click here to read full stories.

Dec 13 - Glencore sees battery minerals powering profit in 2017 and beyond 

Miner and trader Glencore said on Tuesday its battery minerals, especially cobalt, should spur profit in 2017 and beyond in an update for investors that also promised to grow the business, especially through partnerships. It said its marketing, or trading, division's 2017 EBIT (earnings before interest and tax) would be at the top end of its previous guidance at $2.8 billion, steady from 2016 but effectively an increase given that Glencore sold half of its agriculture business last year.  Click here to read full stories.

Dec 13 - Seasonal battery demand, tight supply to buoy lead prices 

Seasonally strong demand from battery makers, tight supplies caused by mine shutdowns and dwindling inventories in London Metal Exchange warehouses are expected to sustain lead prices, which recently hit six-year highs. Benchmark lead on the London Metal Exchange at around $2,500 a tonne is up about 25 percent so far in 2017. Much of that gain came in the second half of this year as the prospect of a large deficit came into view. Click here to read full stories.

Dec 13 - Workers at Chile's Quebrada Blanca mine set to strike 

A union at Teck Resources' Quebrada Blanca copper mine in Chile is set to strike on Wednesday after contract talks mediated by the Chilean government failed to reach a deal, the union told Reuters on Tuesday. Jorge Flores, the president of a 105-member union that represents around a quarter of the mine's workforce, said its workers had failed to find agreement with the company on a bonus scheme that would put it on equal footing with the mine's other unions. Click here to read full stories.

Dec 13 - Vale's reality check for nickel's electric vehicle dreams: Andy Home 

Nickel is one of the materials expected to win from the coming electric vehicle (EV) revolution. Electric vehicles will be powered by lithium-ion batteries, which need cobalt and nickel. Indeed, as cobalt's potentially fragile supply chain comes under ever-increasing scrutiny, battery-makers are likely to try to use less of the stuff in favour of more nickel. Click here to read full stories.

Dec 13 - France-based Miner AMR starts bauxite production in Guinea 

Paris-based miner AMR began production at its Guinean bauxite mine on Tuesday, aiming to produce between 6 million and 10 million tonnes a year of the aluminium ore, the company said. Alliance Miniere Responsable (AMR) was founded by two French businessmen, and major shareholders include former Areva CEO Anne Lauvergeon and French telecoms tycoon Xavier Niel. Click here to read full stories.

Dec 13 - Cobalt prices highest since 2008 after Cobalt 27 deal 

Cobalt prices surged to their highest since July 2008 after Canada's Cobalt 27 Capital said it had bought 800 tonnes of the metal used to make superalloys for jet engines, taking its total holding to 3,000 tonnes. Cobalt prices were being quoted around $37 a lb in Europe and the United States, having more than doubled since January. Click here to read full stories.

Dec 13 - ArcelorMittal coal miners widen strike in Kazakhstan 

A sit-in by miners of ArcelorMittal's Kazakh unit widened to all of the firm's coal mines on Tuesday, the company said, as hundreds of workers demanded a 100 percent wage rise. ArcelorMittal Temirtau, the Central Asian nation's biggest steel mill, said it was in talks with the miners. It did not say how the strike could affect its output. Click here to read full stories.

Dec 12 - China's Nanjing Hanrui can't be sure its cobalt did not involve child labour 

China's Nanjing Hanrui Cobalt, which sells the metal to a firm approved by the London Metal Exchange, said it was unable to ascertain that its products did not involve the use of child labour in Africa. Nanjing Hanrui is a supplier to another Chinese company, Yantai Cash, which is on the LME's list of firms whose cobalt meets its quality standards. Click here to read full stories.

Dec 12 - State leader named to board of main ThyssenKrupp shareholder 

The chief minister of Germany's state of North Rhine-Westphalia has been elected to the board of the foundation that is the largest shareholder in engineering group ThyssenKrupp, it said on Monday. The election for a seven-year term of Armin Laschet, from Chancellor Angela Merkel's Christian Democratic Union, comes as ThyssenKrupp seeks to diversify away from its traditional focus on steel. "The membership is not tied to the position of chief minister. It is the individual who is elected, as with all other members," the Alfried Krupp von Bohlen und Halbach Foundation said in a statement. Click here to read full stories.

Dec 12 - China's top steelmaking province issues second-highest pollution alert 

China's top steel making province of Hebei issued a so-called orange pollution alert on Tuesday for 10 industrial cities including Shijiazhuang, Baoding, Tangshan and Handan, according to the official Hebei News. That kind of alert is the second-highest in China's four-tier emergency response system. The 10 cities will carry out emergency anti-pollution measures for four days from Dec. 12, Hebei News reported. Click here to read full stories.

Dec 12 - Africa's Sula Iron and Gold changes gear with DRC cobalt licence 

Junior explorer Sula Iron and Gold plans to change its name to African Battery Metals, reflecting a shift in focus after it bought a controlling stake in a cobalt licence in Democratic Republic of Congo (DRC). The deal, which needs to be approved by shareholders later this month, would make Sula Iron and Gold the first AIM-listed company to run the risk of developing cobalt in DRC, its CEO said. Click here to read full stories.

Dec 12 - China's Nov commodity imports confirm trends; copper the outlier: Russell 

The sharp rebound in China's imports of major commodities in November was more of a return to normal service than any sign of a resurgence in demand in the world's largest buyer of natural resources. Certainly, it's appealing to look at the November numbers and conclude that China's appetite for commodities is storming ahead, but that ignores the reality that the data was affected by the week-long holidays in early October. Click here to read full stories.

Dec 12 - Congo mines say revised code threatens industry's future 

Mining companies in Democratic Republic of Congo said on Monday that proposed changes to the mining code adopted by the lower house of parliament last week would do lasting damage to investment in Africa's top copper producer. The process of revising the 2002 mining code in Congo has dragged on for over five years but the National Assembly on Friday approved a bill that would increase taxes and royalties and sent it to the upper house Senate for a second vote. Click here to read full stories.

Dec 12 - ArcelorMittal South Africa selects former executive Verster as CEO 

ArcelorMittal South Africa has chosen the former head of construction firm Aveng to take over as chief executive from next February, the steelmaker said on Monday. Kobus Verster, who was Aveng's chief executive for nearly four years, served as the steelmaker's head of finance from 2006 to 2010 and held various other senior positions at the South African unit of ArcelorMittal after 1990. Click here to read full stories.

Dec 12 - Brazil's Samarco wins waste permits in small step toward resuming operations 

Samarco Mineração SA, a joint venture between Brazilian miner Vale and Anglo-Australian BHP Billiton, on Monday received two waste system permits in a small step toward resuming operations halted after a November 2015 tailings mine dam collapsed, killing 19 people. The permits issued by Minas Gerais state, where the mine is located, allow for the construction of a waste system in a depleted mine to receive tailings. Environmental authorities expect to analyze the operations permit and a corrective operations permit in the middle of 2018, after the waste disposal system has been built. Click here to read full stories.

Dec 11 - Thyssenkrupp makes offer to workers for Tata Steel deal - sources 

Thyssenkrupp has offered workers commitments on jobs and investments to get union backing for its deal with Tata Steel to merge their European steel operations, several people close to labour union IG Metall said. Details of the offer are to be discussed at a meeting of management and labour representatives on Tuesday, the sources told Reuters on Sunday. Click here to read full stories.

Dec 11 - Small Canadian miners in pole position for electric vehicle battery boon 

Canadian developers of cobalt and lithium mines stand to benefit from a round of investments from the makers of electric vehicles and the batteries powering them, a potential game-changer for small miners short on money to develop deposits of these critical battery ingredients. Toronto-listed cobalt companies, Ecobalt Solutions and Fortune Minerals, are in talks, ranging from preliminary to more advanced, with more than a dozen groups, including car and battery makers, on financing their projects, their chief executives told Reuters. Click here to read full stories.

Dec 11 - Brazil's Vale says to slash debt to $10 bln by 2019 

Brazilian miner Vale will likely reduce its $21 billion debt load to $10 billion by 2019, and will dedicate cash flow from then on to paying out dividends, the chief financial officer of the world's top iron ore producer said on Friday. "The message is very clear here, which is that beyond the achievement of the $10 billion target we're going to distribute everything as dividends," Luciano Siani Pires said at an investor event in London. Click here to read full stories.

Dec 11 - China's Xinjiang halts mining in nature reserve to curb pollution - Xinhua 

China's far western Xinjiang region has suspended mining in one of its big nature reserves, the official Xinhua news agency reported, amid rising environmental concerns. The mining sector has been a crucial part of China's rapid economic expansion in the last three decades, but poor regulation and weak enforcement of standards has contaminated much of the country's soil and left parts of its land and water supplies unfit for human use, threatening public health. Click here to read full stories.

Dec 11 - Congolese lower house adopts new mining code that increases taxes 

The Congolese lower house of parliament has adopted a new mining code that will increase taxes and royalties, two members of parliament and an aide to the speaker said. The code had originally been proposed in 2015, but was shelved because of fierce objections from mining companies, which complained that it would put off investment. It now goes to the Senate for another vote. Click here to read full stories.

Dec 11 - African Development Bank to lend $100 mln to Guinea bauxite mine 

The African Development Bank said on Saturday it had approved a $100 million loan to develop a bauxite mine in northwest Guinea, as the West African country works to treble output by 2020. The money will help construct a new mine operated by Guinea Alumina Corporation, a subsidiary of Dubai-based Emirates Global Aluminum, by 2020 with annual production capacity of 12 million tonnes of bauxite, the Bank said in a statement. Click here to read full stories.

Dec 11 - Speculators sharply cut bullish COMEX gold and silver bets - CFTC 

Hedge funds and money managers sharply reduced their net long positions in COMEX gold and silver contracts in the week to Dec. 5, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. They also cut their net long position in copper futures and options, the data showed. Click here to read full stories.

Dec 11 - China's Shenhuo Group pursues aluminium foil project despite U.S. duties 

Henan Shenhuo Group, a coal and aluminium producer based in China's central Henan province, said on Thursday it has begun work on a 3.6 billion yuan ($544 million) aluminium foil project. The decision to go ahead with the project, which will have an annual output of 105,000 tonnes, comes despite the imposition of steep countervailing and antidumping duties on Chinese aluminium foil shipped to the United States. Click here to read full stories.

Dec 11 - Tanzania-Zambia railway authority resumes transportation of copper 

The Tanzania-Zambia Railway Authority (TAZARA) said on Friday it had resumed transportation of copper which it halted on Tuesday after unionised workers went on strike. TAZARA suspended all train services, including the transportation of copper following a strike by workers in Africa's second-largest producer of the metal.  Click here to read full stories.

Dec 11 - Glencore says signs labour pacts at most of its Australian coal mines 

Global miner Glencore on Friday said it had reached new labour agreements with workers at 13 of its coal mines in Australia, ending months of negotiations over wages and benefits. The agreements are in the process of being finalised and include each of Glencore's Hunter Valley collieries in New South Wales state, representing one of the world's single biggest sources of thermal coal sold into export markets. Click here to read full stories.

Dec 08 - Platinum's discount to palladium hits 16-year-high 

Platinum's discount to fellow precious metal palladium reached its highest level since 2001 on Thursday, as the latter soared on heightened vehicle demand and an ongoing supply deficit. Palladium hit a high of $1,022.70 on Thursday, just off a 16-year high from last week, while platinum hit a low of $887.50 per ounce, putting it on track for its biggest weekly loss in nine months. Click here to read full stories.

Dec 08 - China's November copper imports jump by 42.3 pct month on month 

China's unwrought copper imports rose by more than 40 percent in November from the previous month, in a sign that winter production restrictions at the world's top copper consuming country are driving up shipments of overseas metal. Arrivals of unwrought copper, which includes anode, refined, and semi-finished copper products stood at 470,000 tonnes last month, the General Administration of Customs said Friday, the highest level since December 2016. Click here to read full stories.

Dec 08 - Potash CEO meets with Chilean government amid stake sale 

Potash Corp of Saskatchewan Chief Executive Officer Jochen Tilk met on Thursday with authorities in Chile as the Canadian fertilizer company tries to divest its minority stake in Chilean lithium miner SQM ahead of its proposed merger with rival Agrium Inc. Tilk met with Eduardo Bitran, head of Chilean government development agency Corfo, which has been embroiled in a legal dispute over mining royalties with SQM since May 2014. Corfo has demanded early termination of SQM's lease in the Salar de Atacama, home to some of the world's most productive lithium deposits. Click here to read full stories.

Dec 08 - ArcelorMittal's $1 bln India joint venture to get green light next week - sources 

State-owned Steel Authority of India Ltd (SAIL) is set to approve a long-proposed $1 billion joint venture with ArcelorMittal at its board meeting next week, three sources with direct knowledge of the matter told Reuters. The decision to approve the deal was reached after talks between ArcelorMittal's billionaire Chairman Lakshmi Mittal, India's Steel Secretary Aruna Sharma and SAIL Chairman P.K. Singh at a meeting last week in New Delhi. Click here to read full stories.

Dec 08 - Vedanta's Zambian arm to set up new processing plants 

London-listed Vedanta Resources said on Thursday its Zambian subsidiary Konkola Copper Mines (KCM) plans to set up a new copper smelter, cobalt refinery and other infrastructure under a $1 billion investment programme announced earlier. In March Vedanta announced the $1 billion investment after a meeting between its Chairman Anil Agrawal and Zambian President Edgar Lungu. Click here to read full stories.

Dec 08 - Kobe Steel loses JIS certifications, faces lawsuits in Canada 

Kobe Steel Ltd's Japanese Industrial Standards (JIS) certifications were suspended at its Moka aluminium and aluminium alloy plant, the company said in a statement on Friday. Kobe, Japan's third-largest steelmaker, also said that the JIS certifications at its Shinko Metal Products have been revoked for copper and copper alloy seamless pipes because the plant shipped products that had not undergone proper dimensional measurements. Click here to read full stories.

Dec 08 - Harmony Gold expects $300 mln mine deal to boost cash flows 

South Africa's Harmony Gold expects its $300 million acquisition of the Moab Khotsong mine to boost its operational cash flow by 60 percent and provide "substantial cost savings", the company said on Thursday. Harmony said in October in planned to buy AngloGold Ashanti's Moab Khotsong mine in the north of the country and said it would boost production at the mine, which started operations in 2006. Click here to read full stories.

Dec 07 - LME to deal clearing blow to new metals platform NFEx - sources 

The London Metal Exchange is unlikely to provide clearing services for proposed new trading platform NFEx, market sources said, presenting a significant obstacle to the new exchange before it goes live next year. After an initial burst of enthusiasm for NFEx, fanned by objections to a sharp rise in trading fees charged by the LME, sources said subsequent cuts to the LME's charges mean members are no longer keen on the rival exchange. Click here to read full stories.

Dec 07 - Displaced by mining, Peru villagers spurn shiny new town 

This remote town in Peru's southern Andes was supposed to serve as a model for how companies can help communities uprooted by mining. Named Nueva Fuerabamba, it was built to house around 1,600 people who gave up their village and farmland to make room for a massive, open-pit copper mine. Click here to read full stories.

Dec 07 - Indonesia's Freeport-Rio plan masks longer-term issues: Russell 

A proposed three-way deal between the Indonesian government, Rio Tinto and Freeport-McMoRan to clean up the ownership of the giant Grasberg copper-gold mine looks like one of those rare situations where everybody wins. Except that it isn't. Certainly all parties may walk away feeling that they have achieved the best outcome, assuming the complicated deal can be pulled off at a price acceptable to all three. Click here to read full stories.

Dec 07 - Vale cuts nickel output but is positive on long-term demand 

Brazilian miner Vale SA dialed back its nickel output forecasts for the next five years on Wednesday, although the world's top producer of the metal praised its longer term prospects on likely soaring demand for electric cars. Vale cut its nickel output estimate by 15 percent to 263,000 tonnes next year and said it was still seeking an investor for its New Caledonia nickel mine. Click here to read full stories.

Dec 07 - November global gold ETF holdings up on strong European inflows - WGC 

Global holdings of gold-backed exchange-traded funds (ETF) rose by 9.1 tonnes to 2,357 tonnes in November, with the net inflows coming entirely from Europe as the U.S. dollar fell, the World Gold Council said on Wednesday. This inflow was valued at $393.4 million, it said. "A weaker dollar last month drove flows by currency-hedged ETFs in Europe ... as investors added 15.8 tonnes ($622 million) of gold through funds listed in the region," the World Gold Council said in a monthly report. Click here to read full stories.

Dec 07 - Newmont targets dividend boost by at least 50 pct in 2018 

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

Dec 07 - China's warm start to winter heats up Chinese steel, mill profits 

A warm start to the winter has boosted steel prices and margins for mills in China, the world's top producer, as the higher temperatures have allowed projects to proceed that would normally have come to a halt. The delay in the seasonal drop-off in demand from the construction sector has prolonged a year-long rally in steel prices and pushed profits to their highest since at least 2008. Click here to read full stories.

Dec 07 - Nippon Steel says coking coal prices to stay above $200/T through end-March 

Nippon Steel & Sumitomo Metal Corp, Japan's biggest steelmaker, expects coking coal to stay above $200 a tonne through the January-March quarter amid lower supplies from Australia, which may drag on its earnings. Australian premium coking coal futures in Singapore have surged nearly 30 percent from a November low of $174 to above $220 a tonne in the first few days of December. Click here to read full stories.

Dec 07 - China commodity exchange penalty stirs worries of more curbs 

China's major commodities from copper to coke plunged on Wednesday after a rare penalty by a major exchange against an investor stirred concerns that regulators may be readying to launch another crackdown on speculators in red-hot markets. On Tuesday, the Zhengzhou Commodity Exchange said in a statement it had banned an investor whose surname was Liu from trading for three months after he indulged in "unusually frequent" trading of ferro-silicon futures. Click here to read full stories.

Dec 07 - India's Nov gold imports nearly halve on higher prices - GFMS 

India's gold imports in November nearly halved from a year ago as a rise in the price of the yellow metal curbed retail buying for weddings, industry officials and analysts said on Wednesday. A drop in gold purchases by India, the world's second-biggest consumer after China, could weigh on global prices that are already trading near their lowest in two months. Click here to read full stories.

Dec 07 - Tanzania-Zambia railway halts copper transportation after strike 

The Tanzania-Zambia Railway Authority (TAZARA) has suspended all train services, including the transportation of copper following a strike by workers in Africa'ssecond-largest producer of the metal, the company said on Wednesday. The line is an important route for copper exports from Zambia and the Democratic Republic of Congo (DRC), Africa's top producer, but the firm transporting the metal struggles to pay its workers, prompting strikes. Click here to read full stories.

Dec 07 - Poland's JSW to spend 350 mln zlotys on employee benefits in 2018 

Poland's JSW, which is the European Union's biggest coking coal producer, will spend about 350 million zlotys ($98 million) next year on employee benefits based on an agreement signed with trade unions, it said on Wednesday. The state-run miner suspended some extra payments for its employees in 2015 when it nearly collapsed due to falling coking coal prices. Thanks to improving results, it decided to revive the benefits, which in 2019 will amount to 200 million zlotys. Click here to read full stories.

Dec 06 - Electric charge: Glencore bets big on car battery metals 

Glencore has increased production of the metals used to make electric car batteries faster than its major mining rivals, according to an industry-wide analysis that shows the scale of a strategy that has big prospective risks and rewards. The Anglo-Swiss company's output of cobalt and copper roughly doubled in the five years to 2016, while its production of nickel quadrupled, the research compiled for Reuters by S&P Global Market Intelligence shows. Click here to read full stories.

Dec 06 - Indonesia plan to buy Rio copper stake could be win-win 

Indonesia said on Tuesday it plans to acquire Rio Tinto's stake in the Grasberg copper mine operated by Freeport-McMoRan Inc, potentially solving a drawn-out problem for all three parties. Under a joint venture formed in 1996, global miner Rio has a 40 percent interest in Freeport's Grasberg contract, entitling it to 40 percent of production above specific levels until 2021 and 40 percent of all production after 2022. Click here to read full stories.

Dec 06 - Data workers prove a rare resource for Barrick, fellow miners 

Barrick Gold, the world's biggest gold miner, is staking new ground in a dogged push to overhaul its operations, seeking scarce artificial intelligence experts to oversee projects using technology for everything from exploration to robot-run mining. But for an industry perceived as slow-moving and macho, attracting prized human resources can be as difficult as striking gold - particularly as technology titans like Facebook and Alphabet Inc.'s Google chase the same talent. Click here to read full stories.

Dec 06 - U.S. slaps duties on Vietnamese steel originating from China 

The U.S. Commerce Department on Tuesday slapped steep import duties on steel products from Vietnam that originated from Chinese-made steel. The agency said the Vietnamese products were circumventing existing U.S. anti-dumping and anti-subsidy orders on the same products from China. Click here to read full stories.

Dec 06 - Port Hedland China iron ore exports flat in Nov at 35.2 mln/T - Pilbara Ports 

Iron ore shipments to China from Australia's Port Hedland terminal were flat at 35.2 million tonnes in November compared with October, port data released on Wednesday showed. Total November iron ore shipments from the world's biggest export terminal for the steelmaking raw material were also flat at 41 million tonnes, according to the Pilbara Ports Authority. Click here to read full stories.

Dec 06 - Thyssenkrupp chairman rejects investor call for breakup - Handelsblatt 

Thyssenkrupp Chairman Ulrich Lehner has rejected investor calls to break up the industrial group and backed top management's plan to transform the firm into a technology group, Germany's Handelsblatt reported, citing an interview. "Breaking up the group is not at all an issue," Lehner was quoted as saying by the business daily in an interview published on Tuesday. Click here to read full stories.

Dec 06 - Tech sector demand for gold to grow for first year since 2010 - WGC 

The technology sector's demand for gold is set to grow this year for the first time since 2010 as vehicle electronics become more sophisticated and use of the precious metal in smartphone memory chips expands, an industry body reported on Tuesday. The World Gold Council said technological demand for gold had risen by 5.4 tonnes so far this year after six years of contraction. In the full year it is expected to be 6-8 tonnes higher than in 2016, the WGC's head of market intelligence Alistair Hewitt said. Click here to read full stories.

Dec 06 - China's Mingtai shrugs off U.S. aluminium sheet probe 

Henan Mingtai Aluminum, one of China's biggest aluminium sheet manufacturers, on Tuesday said it expected its production and sales to keep growing in 2018 despite the launch of U.S. trade probes into imports of the product from China. Mingtai, with a production capacity of 650,000 tonnes per year of semi-finished aluminium products, is the first Chinese firm to make a public statement about the twin anti-subsidy and anti-dumping probes into Chinese aluminum alloy sheet announced by Washington last month. Click here to read full stories.

Dec 05 - Trade union sets deadline in talks over Thyssenkrupp Tata Steel deal 

German labour union IG Metall has given Thyssenkrupp until Dec. 22 to agree guarantees on jobs, plants and investment if the company is to get the union's backing for its deal with Tata Steel to merge their European steel operations. The deadline puts further pressure on Thyssenkrupp Chief Executive Heinrich Hiesinger, who has said he wants the approval of shop stewards for the plan to merge the group's European steel business with that of India's Tata Steel. Click here to read full stories.

Dec 05 - ArcelorMittal's Ilva bid stalled, but EU steel to benefit either way 

ArcelorMittal's bid to buy Italian steel major Ilva may have hit serious snags, but the European Union's steel sector is set to benefit in the short term whether or not there is a deal. Italy's Puglia and Taranto regions last week lodged a court appeal against ArcelorMittal's takeover of Ilva which, if successful, could scupper the deal and lead to the temporary shutdown of Europe's largest steel plant. Click here to read full stories.

Dec 05 - Vale to use cash flow to pay dividends, reduce debt -CEO 

Brazil's Vale, the world's top iron ore producer, will use cash flow, which could reach $14 billion or $15 billion this year, to cut debt and pay dividends, Chief Executive Officer Fabio Schvartsman said on Monday. Speaking at an event in Rio de Janeiro, Schvartsman said the miner tended to generate $14 billion or $15 billion in cash in good or normal years, adding that 2017 was normal. Click here to read full stories.

Dec 05 - Kobe Steel's Chofu aluminium plant loses JIS certification 

Kobe Steel Ltd said on Tuesday that its Japanese Industrial Standards (JIS) certification has been suspended at its aluminium extrusion plant in Chofu, western Japan, in the latest blow to the embattled steelmaker. Kobe Steel earlier had the certifications revoked for seamless copper pipe products used for air conditioning and refrigerators as well as for insulated copper tubing at its Hatano plant, one of its main copper product plants. Click here to read full stories.

Dec 05 - Limited supply, higher demand push cobalt prices up 

Falling cobalt supply from top producer the Democratic Republic of Congo and rising demand has tightened the market, boosting prices of the metal used to make superalloys for jet engines. Cobalt prices at around $32 a lb have more than doubled since January and are at their highest since October 2008. Click here to read full stories.

Dec 05 - SMB plans Guinea alumina refinery by 2022 

A consortium of the Societe Miniere de Boke (SMB) and Singapore's Winning Shipping plans to build Guinea's first alumina refinery in a $3 billion effort to develop the West African country's bauxite industry, it said on Monday. Guinea has about a third of the world's bauxite reserves and expects to produce over 30 million tonnes in 2017. However, it has no facilities to transform those reserves into higher-grade alumina, which can fetch higher prices on world markets. Click here to read full stories.

Dec 05 - China's Qingdao seizes over 1,700 tonnes of zinc waste 

Customs in China's eastern port city of Qingdao seized 1,762 tons of smuggled zinc waste last week in the country's campaign against the import of "foreign garbage." China told the World Trade Organization (WTO) in July it would stop accepting shipments of rubbish such as waste plastic and paper as part of a campaign against "foreign garbage". Click here to read full stories.

Dec 04 - Rio Tinto holds course as it looks inward for new chairman 

Global miner Rio Tinto signalled on Monday it will stick with its "value over volume" strategy, outlining further moves to boost shareholder returns and appointing a new chairman from within its board. Rio ended months of speculation by naming Simon Thompson to succeed chairman Jan du Plessis, who will step down after almost nine years at the helm of the Anglo-Australian mining house. Click here to read full stories.

Dec 04 - China's top two banks won't lend to Adani's Australian coal mine 

China's two biggest banks said they do not plan to finance a controversial Australian coal mine, in the latest blow to Indian conglomerate Adani Enterprises' long delayed project. Industrial and Commercial Bank of China (ICBC) and China Construction Bank said in separate statements they were not working on the project, after media recently reported that Chinese banks may get involved. Click here to read full stories.

Dec 04 - China trims appetite for coal imports, but prices hold up: Russell 

There are indications that China's appetite for imported coal may be starting to ease in line with Beijing's efforts to limit the use of the fuel over winter in a bid to lower air pollution. China's seaborne imports were 18.26 million tonnes in November, down from 20 million in October, according to vessel-tracking and port data compiled by Thomson Reuters Supply Chain and Commodity Forecasts. Click here to read full stories.

Dec 04 - China's 2018 steel output seen rising even after mill closures 

China's crude steel output is expected to rise 3 percent to 832 million tonnes this year, and by a further 0.7 percent in 2018, as major mills ramp up operations, offsetting the impact of the shutdown of outdated plants, a government body said on Monday. Output in 2018 will be 838 million tonnes, said the China Metallurgical Industry Planning and Research Institute (MPI) in a report. Click here to read full stories.

Dec 04 - EPA passes on rule covering U.S. hardrock miners' cleanup costs 

The U.S. Environmental Protection Agency said on Friday it would not act on a proposal to require hardrock mining companies to show they can afford to clean up their sites. “EPA is confident that modern industry practices, along with existing state and federal requirements address risks from operating hardrock mining facilities,” EPA Administrator Scott Pruitt said in a statement. Click here to read full stories.

Dec 04 - China's coal-rich Shanxi orders water curbs for steel, cement, aluminium production 

China's central Shanxi province has introduced new rules curbing water use for steel, cement and aluminium production, state media reported on Sunday, in another blow to sectors reeling from government-enforced output cuts. Under the new policy, producers of steel, cement and aluminium which exceed mandatory water usage standards will have to pay incremental levies, the official Xinhua news agency said, citing Shanxi's Development and Reform Commission. Click here to read full stories.

Dec 04 - Speculators raise net long positions in COMEX gold, copper - CFTC 

Hedge funds and money managers raised their net long positions in COMEX gold and copper contracts in the week to Nov. 28, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. They also cut their net long positions in silver futures and options, the data showed. Click here to read full stories.

Dec 04 - China rising output may threaten copper's electric vehicle-fuelled rally 

China's rising copper output and concerns of a slowdown in its real estate market may lead investors to exit big bullish bets in the copper market, leading to a double-digit percentage drop in prices, executives said on Thursday. "In the first half of 2018, we'll see pressure because of the weakening of the real estate market," said Chaos Investment base metals chief Qian Zhou in a panel discussion at the Asia Copper conference. "We expect a V-shaped trajectory." Click here to read full stories.

Dec 04 - Australia's new gold rush lures prospectors Down Under 

Canada-based Kirkland Lake Gold listed its shares on the Australia bourse on Thursday after investing millions of dollars and joining dozens of other prospectors in a modern-day gold rush. Kirkland Lake expects to produce a quarter-million ounces of gold in 2017 from a mine it bought a year ago in eastern Australia and is also dipping a toe into a tantalizing new gold region on the other side of the continent. Click here to read full stories.

Dec 01 - China, U.S. at odds over steel overcapacity at G20 forum 

China and the U.S. remained at odds on Thursday over how to combat excess capacity in the global steel sector, trading barbs at the conclusion of a ministerial level G20 industry summit in Berlin. Representatives of G20 member states at the 'Global Forum on Steel Excess Capacity' said they had at least agreed on the need for dismantling market distorting subsidies, restructuring the sector, ensuring a level playing field and increasing transparency on capacity cuts. Click here to read full stories.

Dec 01 - China rising output may threaten copper's electric vehicle-fuelled rally 

China's rising copper output and concerns of a slowdown in its real estate market may lead investors to exit big bullish bets in the copper market, leading to a double-digit percentage drop in prices, executives said on Thursday. "In the first half of 2018, we'll see pressure because of the weakening of the real estate market," said Chaos Investment base metals chief Qian Zhou in a panel discussion at the Asia Copper conference. "We expect a V-shaped trajectory." Click here to read full stories.

Dec 01 - Copper miners, smelters at stalemate over processing charges 

China's smelters and international miners have not agreed to terms for next year's treatment and refining charges (TC/RCs) this week, potentially prolonging negotiations into 2018 as both sides haggle over supply tightness and demand, according to six industry sources. Five of the sources said the fees should fall from this year's level of $92.50 per tonne and 9.2 cents per pound (0.45 kg) because of a smelting capacity expansion that will cause the companies to compete for materials as mine supply growth stalls next year. Click here to read full stories.

Dec 01 - Mytilineos to finalise $400 mln alumina investment in Greece next month

Greek industrial group Mytilineos will finalise a $400 million investment in its home country next month, which it says will make it Europe's biggest alumina producer. Despite Greece's crippling recession between 2008 and 2016, which shrank the economy by a quarter, Mytilineos, whose businesses range from metals production to building power plants, has fared well thanks to overseas expansion and spending hundreds of millions of euros on new equipment to halve production costs. Click here to read full stories.

Dec 01 - Chile's Codelco plans environmental impact pricing for copper 

Chile's Codelco will soon sell its first copper cathodes with pricing that takes into account the environmental footprint of production, its chairman said on Thursday. The plan would mark a stark change from the traditional pricing model for copper producers where the quality of metal is the price differentiator for what is otherwise a standardized product. Click here to read full stories.

Dec 01 - Aluminium producer seeks Q1 premium of $110/T from Japan buyers -sources

A global aluminium producer has offered Japanese buyers a premium of $110 per tonne for primary metal shipments during the January to March period, as much as 17 percent above the current quarter, three sources directly involved in pricing talks said on Friday. Japan is Asia's biggest aluminium importer and the premiums for primary metal shipments it agrees to pay each quarter over the London Metal Exchange (LME) cash price set the benchmark for the region. Click here to read full stories.

Nov 30 - Lonmin to cut social, discretionary spending to save cash

Troubled platinum producer Lonmin plans to cut spending on social and labour projects and freeze "non-critical" recruitment, part of an array of measures to save cash, according to an unpublished presentation reviewed by Reuters. The South African miner, not for the first time, is facing an uncertain future after earlier this month delaying annual financial results pending conclusion of a business review, a move that sent its shares down 30 percent in a single day. Click here to read full stories.

Nov 30 - Is China's aluminium sector too relaxed about U.S. dumping moves?: Russell

It will be tempting for China's aluminium market participants to dismiss as inconsequential the latest move by the U.S. Commerce Department to impose anti-subsidy and anti-dumping duties on imports of aluminium alloy sheet. The proposed moves would affect only a small amount of China's aluminium exports, but the main issue isn't the economic value of the U.S. action, but rather where it ultimately may lead. Click here to read full stories.

Nov 30 - Automakers pledge ethical minerals sourcing for electric cars 

Leading carmakers including Volkswagen and Toyota pledged on Wednesday to uphold ethical and socially responsible standards in their purchases of minerals for an expected boom in electric vehicle production. Demand for minerals such as cobalt, graphite and lithium is forecast to soar in the coming years as governments crack down on vehicle pollution and carmakers step up their investments in electric models. Click here to read full stories.

Nov 30 - Norsk Hydro to sell low-carbon aluminium in climate push 

Norwegian aluminium producer Norsk Hydro launched a low-carbon brand on Thursday and predicted that customers ranging from carmakers to packaging firms will pay a premium to help slow climate change. Rivals Alcoa, Rio Tinto and Rusal have previously started to seek higher prices for aluminium made at smelters run on renewable hydro-power, rather than high-emissions fossil fuels. Click here to read full stories.

Nov 30 - Australia's Fortescue Metals appoints Elizabeth Gaines as CEO

Fortescue Metals Group Ltd said on Thursday that it has appointed the company's chief financial officer, Elizabeth Gaines, as its next chief executive. Gaines, who joined Fortescue's board in 2013 and its executive team early this year, will replace long-time CEO Nev Power, who announced earlier this year that he would step down in February. Click here to read full stories.

Nov 30 - Some local authorities off target over China's capacity cuts - researcher

China's local authorites should target less competitive and heavy polluting companies when implementing the government's policy on cutting capacity in steel and coal to curb pollution, a government researcher said on Thursday. Some local authorities have looked to target only small and privately owned enterprises and avoided large-scale government-backed enterprises, said Liu Shijin, deputy director at Development Research Centre of the State Council. Click here to read full stories.

Nov 30 - Chinese firms show interest in lithium producer SQM - Potash Corp CEO 

Chinese groups have shown "broad interest" in buying Potash Corp of Saskatchewan's stake in Chilean lithium producer SQM, Potash Corp Chief Executive Jochen Tilk said on Wednesday. Potash has agreed to divest its 32 percent stake in SQM, as well as minority stakes in ICL Israel Chemicals and Arab Potash Co, to comply with regulators' concerns in China and India about its merger with Agrium Inc. Click here to read full stories.

Nov 30 - Australia's new gold rush lures prospectors Down Under 

Canada-based Kirkland Lake Gold will list its shares on the Australia bourse on Thursday after investing millions of dollars and joining dozens of other prospectors in a modern-day gold rush. Kirkland Lake expects to produce a quarter-million ounces of gold in 2017 from a mine it bought a year ago in eastern Australia and is also dipping a toe into a tantalizing new gold region on the other side of the continent. Click here to read full stories.

Nov 30 - Zambia's state-controlled investment firm wants bigger stake in copper mines 

Following the sharp rise in copper prices this year Zambia's state-controlled firm ZCCM Investments Holdings wants to increase its stakes in the country's mines and also expects higher dividend payments, its chief executive said on Wednesday. ZCCM-IH, which was formerly called Zambia Consolidated Copper Mines Investment Holdings, has assets of about $1 billion with minority stakes held in the local mine operating subsidiaries of foreign miners including Glencore, First Quantum Minerals, Vedanta and Jinchuan Group International Resources. Click here to read full stories.

Nov 29 - Copper execs see balanced market, warn on rising costs, regulation 

The global copper market will be balanced for the foreseeable future even as mine supplies tighten and demand from China, the world's top consumer, remains strong, executives from major copper companies said on Wednesday. The forecast came as executives warned that rising environmental regulation in Chile, the world's top producer, and China, the world's top consumer, are raising production costs for smelters and miners. Click here to read full stories.

Nov 29 - Cobalt, the heart of darkness in the shiny electric vehicle story: Home

The electric vehicle (EV) story continues to gather momentum, with even major oil companies scrambling to join the coming green energy revolution. Royal Dutch Shell has just announced a partnership with leading automotive companies to install super-fast chargers on European highways.  Click here to read full stories.

Nov 29 - South Africa's PIC wants Lonmin board seats, Johannesburg main listing

South Africa's Public Investment Corporation (PIC) is planning to ask for two seats on the board of Lonmin by the end of 2017 and has suggested the platinum miner move its main listing to Johannesburg, its chief executive said. Lonmin, majority-owned by state-run PIC and listed in London since 1961, has been hobbled by persistently low platinum prices, rising costs and strikes, forcing it to tap investors three times in the last eight years. Click here to read full stories.

Nov 29 - China's war on smog 'biggest uncertainty' for copper smelters -Jiangxi Copper exec

China's environmental crackdown is the "biggest uncertainty" facing the nation's copper smelters, as the government steps up inspections and stiffens emissions control standards, an executive at Jiangxi Copper Co Ltd said on Wednesday. "Producers risk being shut down. Supervision teams are everywhere," Yuneng Wu, vice president of the state-owned company, which is the country's top integrated copper producer, said at the Asia Copper Conference in Shanghai. Click here to read full stories.

Nov 29 - Goldman Sachs among bidders for Scotiabank's metals unit -sources

Goldman Sachs Group is among around five bidders for ScotiaMocatta, the metals trading arm of Canada's Bank of Nova Scotia, for which it is seeking up to $1 billion, sources with knowledge of the matter told Reuters. Scotiabank began a review of its ScotiaMocatta metals business in 2016 following a string of lawsuits related to the manipulation of gold and silver price benchmarks and due to dissatisfaction over its performance, sources said.  Click here to read full stories.

Nov 29 - Brazil Senate approves creation of mining regulatory agency

Brazil's Senate on Tuesday approved a bill creating an autonomous regulatory agency for the mining sector, a move aimed at acceleratingslow licensing approvals in the country. The bill will return to President Michel Temer for a signature, creating a permanent law based on a temporary decree that is part of his efforts to open several sectors of Brazil's recovering economy. Click here to read full stories.

Nov 29 - Codelco CEO seeks to learn about lithium mining on China trip 

The Chief Executive Officer of Chilean state copper company Codelco, Nelson Pizarro, will visit research institutes in China to learn about lithium extraction on his current trip to Asia, he said on Wednesday. Speaking to Reuters on the sidelines of the Asia Copper Conference, Pizarro said the exchanges were aimed at "analysing or getting to know the technology to extract lithium, because we don't have experience in this." Click here to read full stories.

Nov 29 - Higher coal prices help Russia's Mechel swing to Q3 net profit

Russian coal and steel producer Mechel said on Tuesday higher prices for its products had helped it swing into a net profit in the third quarter after a loss a year earlier. Higher coal prices has been supporting Mechel, which borrowed heavily before Russia's economic crisis took hold in 2014 and then struggled to keep up debt repayments. Click here to read full stories.

Nov 28 - Shanghai copper meet, fee talks come amid mine strikes 

Mine strikes in Chile and Peru as well as other copper supply disruptions are lifting prices and could push the market into deficit for a second year in 2018, likely impacting consumer and supplier talks this week in China. Global miners such as Freeport-McMoRan Inc and Antofagasta and Chinese smelters - as the Asia Copper Conference kicks off this week in Shanghai - have begun to hammer out next year's copper processing fees, a benchmark for the industry. Click here to read full stories.

Nov 28 - Indonesia's Inalum given control of state miners ahead of larger Freeport stake

Indonesia has transferred controlling stakes in three state-run mining companies and a 9.36 percent stake in the local unit of Freeport-McMoRan Inc to a holding company under state-owned aluminium producer PT Indonesia Asahan Aluminium (Inalum). Inalum has been nominated by the government as a holding to company as part of its plan to acquire a 41.64 percent stake in Freeport Indonesia, which would take its total stake to 51 percent. Click here to read full stories.

Nov 28 - For China, it's currently iron ore quality not quantity: Russell

It would seem to defy logic that iron ore prices have continued to rise in recent weeks even as China steps up the idling of steel production as part of efforts to limit air pollution over winter. While there is a historic correlation between iron ore and steel prices in China, the world's largest importer of the former and producer of the latter, it would have been reasonable to expect them to have diverged in recent weeks, and in the coming months. Click here to read full stories.

Nov 28 - Volkswagen's talks with cobalt producers end without deal

Meetings last week between major cobalt producers including mining giant Glencore to supply the world's largest automaker Volkswagen with the material used to make batteries for electric vehicles ended without a deal, cobalt industry sources said. In September, Reuters reported exclusively that VW was moving to secure long-term supplies of cobalt for the group's ambitious electric vehicle plans.  Click here to read full stories.

Nov 28 - Lead market tightens on Chinese and U.S. import appetite: Home

The International Lead and Zinc Study Group (ILZSG) last month made a significant revision to its outlook for the lead market this year. The market is now expected to be in a supply deficit of around 125,000 tonnes ahead of another 48,000-tonne deficit next year. Click here to read full stories.

Nov 28 - BHP targets costs cuts; sees upside in copper, steel prices 

Top global miner BHP Billiton Ltd said on Tuesday it will drive further cost cuts across its Australian business, and forecast strong price support from China for steelmaking raw materials. BHP will target $1.6 billion in productivity gains at its Australia iron ore, copper and coal units over the next two years, Minerals Australia President Mike Henry told a briefing in Adelaide. Click here to read full stories.

Nov 28 - Germany wants to avert trade war with G20 steel summit - Zypries 

Germany hopes that a G20 steel summit in Berlin this week can help to avert a trade war, Economy Minister Brigitte Zypries told Reuters on Monday, warning that the EU would impose countermeasures if the United Statesopted for new tariffs. U.S. President Donald Trump has threatened to impose punitive tariffs on steel imports as part of his "America First" agenda, prompting fears that such a move could trigger a trade war with China and hurt growth prospects for the world economy. Click here to read full stories.

Nov 28 - Speculators trim net long positions in COMEX gold, silver - CFTC

Hedge funds and money managers cut their net long positions in COMEX gold and silver contracts in the week to Nov. 21, U.S. Commodity Futures Trading Commission (CFTC) data showed on Monday. They also raised their net long positions in copper futures and options, the data showed. Click here to read full stories.

Nov 28 - Indian steel firms can meet railways' needs - government panel 

Indian steel companies can meet the needs of the country's railways and local rail market entrants such as Jindal Steel and Power Ltd should be given a chance, a government panel said in a document seen by Reuters. Jindal Steel told the committee this month it could supply up to 600,000 tonnes of rails per year to Indian Railways, which recently floated a global tender for 717,000 tonnes of rails. Click here to read full stories.

Nov 28 - Petra Diamonds sees brighter 2018 after warning of debt breach

A possible breach of its banking agreements does not pose a big risk to Petra Diamonds because its finances will improve following the end of a labour dispute in South Africa and the lifting of an export ban in Tanzania, its chief executive said. "We don't regard it as a high risk to the business," said Johan Dippenaar of the possible breach of loan terms, adding the mining firm was in talks with its banks on a monthly basis. Click here to read full stories.

Nov 28 - Canada's Dalradian plans to dig deep for Northern Irish gold 

Canadian miner Dalradian Resources has filed a planning application and secured a new tranche of funds to build Northern Ireland's first major underground gold mine, with the potential to create hundreds of jobs. Mining has largely died out in Britain, but the sector sees the potential for a revival as the government pushes an industrial strategy to reboot an economy overshadowed by the decision to leave the European Union. It is also seeking to create jobs beyond the most affluent London area.Click here to read full stories.

Nov 27 - Nickel rally stalls, electric car boost some years away 

A recognition that electric vehicles (EVs) are unlikely to move the nickel demand dial for some years, slowing demand from China's stainless steel mills and rising supplies have halted a frenzied price rally and are likely to keep weighing on prices. Benchmark nickel on the London Metal Exchange soared by 50 percent from mid-June to a two-year peak of $13,030 a tonne on Nov. 1, based largely on expectations of strong demand to make the rechargeable batteries used to power EVs. Click here to read full stories.

Nov 27 - Canada's Crystallex, Venezuela settle mine dispute - Bloomberg

Canadian miner Crystallex International Corp and Venezuela's government have agreed to settle a dispute over the country's seizure of the Las Cristinas gold mine, Bloomberg News reported late on Friday. The settlement may be worth more than $1 billion, which would make it the largest one agreed to by Venezuela, Bloomberg reported, citing company comments related to the award. The deal was approved in Ontario Superior Court on Friday, though parts of it remain sealed, including the amount. Click here to read full stories.

Nov 27 - Japan steel federation sees no decline in automobile steel demand

The Japan Iron and Steel Federation does expect any decline in demand for automobile steel sheets, its top official said, despite automakers Nissan and Subaru revealing that they failed to comply with final inspection procedures for decades. "At the moment, the demand from manufacturers such as automobiles in particular has been very strong," the federation's Chairman Kosei Shindo told a news conference. Click here to read full stories.

Nov 27 - Australia's South32 looks to reduce interest in South African coal business

Australian miner South32 Ltd on Monday said its South Africa Energy Coal (SAEC) business would be run as a stand-alone unit, with the goal of widening its ownership and possibly listing it on the Johannesburg Stock Exchange. "This will present opportunities for Broad-Based Black Economic Empowerment entities, employees and communities," the company said in a statement. Click here to read full stories.

Nov 27 - India's Jindal Steel could win a slice of rail tender - sources

A clause in India's global tender for steel rails, part of a $130 billion overhaul of its railways, could help Jindal Steel and Power Ltd win up to 20 percent of the work, sources said. The world's fourth-largest rail system is undergoing a five-year overhaul to replace ageing tracks, improve efficiency and end a spate of deadly train accidents, including one on Friday.  Click here to read full stories.

Nov 27 - India's ICEX launches 50-cents diamond futures contract

The Indian Commodity Exchange (ICEX) on Monday launched 50-cents diamond futures contracts, the exchange said in a statement. The 50 cents contracts for expiry in February, March and April 2018 are expected to attract more industry players as half carat diamonds are used in jewellery, the exchange said. Click here to read full stories.

Nov 24 - ThyssenKrupp lifted by record orders as shifts from steel 

Demand for next-generation lifts and car components enabled Thyssenkrupp to report its highest annual order intake in five years as the German firm slowly exits steelmaking. Thyssenkrupp is in the middle of a major shift under Chief Executive Heinrich Hiesinger towards technology and away from the more volatile steel industry, its traditional mainstay. Click here to read full stories.

Nov 24 - S.Korea says could boost metal stockpiles amid drive to electric cars 

The South Korean agency that manages state stockpiles of commodities says it could ramp up its inventories of non-ferrous metals next year amid growing demand for such materials in churning out products like electric vehicles. The Public Procurement Service (PPS) has stockpiled raw materials for around 50 years, using them to help local companies in times of shortage or when prices spiral upwards. Click here to read full stories.

Nov 24 - Workers at Chile's BHP copper mine strike to protest layoffs 

Unionized workers at Chile's Escondida copper mine, the world's largest, on Thursday started a 24-hour strike to protest recent layoffs, according to a union statement. BHP, which operates the mine, had said Wednesday that it would lay off 120 workers, or approximately 3 percent of the mine's workforce amid adjustments to its workflow. Click here to read full stories.

Nov 24 - Vale says Brazil iron royalty hike could hurt high-cost mines 

Brazil's Vale SA, the world's largest iron ore producer, said on Thursday that a hike in the country's royalty rates for the mineral could compromise its ability to maintain high-cost mines and would hurt its ability to compete. Congress passed the higher royalties in votes on Wednesday with the bill now moving to President Michel Temer for signature. Vale said in a statement that it hoped Temer would veto some of the changes to the proposal made by Congress.  Click here to read full stories.

Nov 24 - Chile's Codelco copper output dips but company posts profit 

Chilean state copper company Codelco said on Thursday it produced slightly less copper from January to September 2017 than it did in the same period a year ago but rebounded from a year-earlier loss as prices for the metal improved. Codelco Chief Executive Nelson Pizarro said the company produced 1.24 million tonnes of copper in the January-to-September period, a 3 percent decline from the same period last year. Click here to read full stories.

Nov 24 - Indonesia has 'no clear structure' for Freeport stake purchase yet 

Indonesia's State Owned Enterprise Ministry, tipped to oversee an acquisition of a majority stake in the local unit of Freeport-McMoRan Inc, has "no clear structure" yet for the deal, a ministry official said on Friday. The government needed to be "careful" as the interests of Rio Tinto, which has a joint venture with Freeport in Indonesia, have not yet been accommodated in the government's plan for the acquisition, Deputy Minister for State Owned Enterprise Fajar Harry Sampurno said. Click here to read full stories.

Nov 24 - Brazil's Nexa mulls Asia office to tap China zinc market - CEO 

Brazilian miner Nexa Resources Inc will likely decide this year to open a sales office in Asia as it looks to grow its customer base in China and the region, its chief executive told Reuters on Thursday. Nexa, a top-five global zinc producer, sees opportunities to sell more zinc and copper in China as the country rolls back its own production in a bid to reduce air pollution, Tito Martins said in an interview, less than a month after the company's $496 million initial public offering.  Click here to read full stories.

Nov 24 - Alcoa Canada, union resume aluminum smelter contract talks 

Alcoa Corp and the United Steelworkers have agreed to resume contract talks with a government-appointed conciliator, the union said on Thursday, averting a potential strike at the Becancour, Quebec aluminum smelter. The collective agreement for 1,030 unionized workers expired late Wednesday night, putting workers in a legal strike position. A majority of workers had earlier voted to reject the company's contract offer and give their union a strike mandate. Click here to read full stories.

Nov 24 - Union for striking workers reaches tentative labor deal at Quebec zinc refinery 

The United Steelworkers said on Thursday it reached a tentative agreement with Noranda Income Fund on a new labor deal for 371 striking workers at a zinc refinery in Salaberry-de-Valleyfield, Quebec. Zinc output at the plant, operated by a subsidiary of global mining giant and trader Glencore Plc, had dropped to 50 to 60 percent of normal operating levels during the strike, which began on Feb. 12.  Typical annual zinc production at the plant is 270,000 to 275,000 tonnes. Click here to read full stories.

Nov 24 - China imports no iron ore, lead, coal from North Korea in October 

China imported no iron ore, lead or coal from North Korea in October as sanctions against the isolated nation came into force, while the world's second-largest economy didn't export any diesel, gasoline or corn, data showed on Friday.The data represents the first whole month since the latest U.N. penalties came into force on Sept. 5, banning Pyongyang from selling coal, iron ore, lead, lead ore and seafood abroad.  Click here to read full stories.

Nov 24 - Steelmaker Gerdau to reopen mill due to autos recovery 

Brazilian steelmaker Gerdau SA plans to reactivate its mini-mill in Mogi das Cruzes in March due to the recovery of the local auto industry, according to a statement on Thursday. That will bring online 375,000 tonnes of special steel capacity, in addition to about 1 million tonnes of installed capacity in the segment elsewhere in Brazil, Gerdau said, adding that it had enough capacity to serve automakers' growing demand until 2025. Click here to read full stories.

Nov 24 - Chile lithium miner SQM says legal dispute could linger through 2018 

Chilean lithium and fertilizer producer Sociedad Quimica Y Minera (SQM) said on Thursday its ongoing legal dispute with Chilean authorities over royalty payments may not be resolved until the end of 2018. Talks to resolve the arbitration between SQM and Chilean government development agency Corfo ended at an impasse in October, leaving the fate of the company's lease in the Salar de Atacama, home to some of the world's most productive lithium deposits, in question. Click here to read full stories.

Nov 24 - Australia's ANZ resigns membership of London Metal Exchange 

Australia and New Zealand Banking Group Ltd (ANZ) has resigned its membership of the London Metal Exchange, the LME said on Thursday. ANZ was a category 4 member of the exchange. The LME said in a notice to users the resignation would be effective at the close of business on Nov. 24. Click here to read full stories.

Nov 23 - London Metal Exchange outlines waivers to new OTC fee 

The London Metal Exchange said on Wednesday it had agreed a range of waivers and discounts to assuage its members when it starts to charge a fee on off-exchange, over-the-counter (OTC) contracts that reference its prices. A consultation with users on the fee will start on Nov. 22 and end on Jan. 12 with a view to beginning charges from April 3, the LME said in a statement. Click here to read full stories.

Nov 23 - Whoever wins election, Chile state copper giant may get boost 

The world's largest copper miner, Codelco, may see a boost in investment cash regardless of who wins next month's presidential runoff in Chile, as both candidates have vowed to end the state-run firm's funding of the military. Conservative front-runner Sebastian Pinera and his center-left rival Alejandro Guillier, set to face off in the Dec. 17 vote, have both pledged to overturn the dictatorship-era law that transfers to the military 10 percent of Codelco's export sales, worth $866 million last year. Click here to read full stories.

Nov 23 - Brazil's Congress approves higher mining royalties 

Brazil's Congress on Wednesday passed a bill that would boost royalty rates on iron ore by 75 percent - instead of the doubling of rates that had been proposed - as both houses voted in rapid succession in a win for President Michel Temer's reform agenda.Under the revised plan, gold mining royalties would rise 50 percent, while potassium mining royalties would be slashed. The vote came a week ahead of a Nov. 28 deadline to pass Temer's planned overhaul of mining regulations. Two related proposals aimed at improving regulatory efficiency for the sector could expire if not approved by then. Click here to read full stories.

Nov 23 - CME turns up the heat on LME with new copper contract: Andy Home 

CME Group's new copper premium contract, launched this week, is another sign of increased competition in the world of industrial metals trading. The London Metal Exchange (LME) may still set the reference prices used by much of the world's physical trade, but CME has been stepping up its challenge with a number of new contracts over the last couple of years. Click here to read full stories.

Nov 23 - India's SBI Life bets on metals, oil and gas sectors for investment growth 

India's SBI Life Insurance Co. Ltd has increased investments in the metals, oil and gas sectors as a rise in energy and metals prices is set to drive growth in commodity stocks, the insurer's chief investment officer told Reuters. Strong refining margins at oil and gas companies, the Indian government's push to encourage use of gas as a cleaner fuel and a rise in steel and base metals prices are expected to drive earnings in the sectors, Gopikrishna Shenoy said. Click here to read full stories.

Nov 23 - Southern Copper workers strike, company says no impact 

Workers for the two largest unions at Southern Copper Corp in Peru said on Wednesday they had started an indefinite strike, demanding a fair share of mining profits, while the company said the stoppage had not affected operations. The unions, which together comprise more than 3,000 members, said workers at the company's Cuajone and Toquepala mines and Ilo refinery in southern Peru laid down their tools on Tuesday. Peru is the world's No.2 copper producer. Click here to read full stories.

Nov 23 - South African gold miners' silicosis lawsuit nearing settlement - lawyers 

Lawyers acting for thousands of gold miners who contracted lung diseases at work in South African mines saidon Wednesday an out-of-court settlement with their employers could be reached by December. A High Court ruling last year set the stage for protracted proceedings on cases dating back decades in the largest class action suit yet in Africa’s most industrialised country. Click here to read full stories.

Nov 23 - Miner SouthGobi fires chief executive; says business as usual 

Vancouver-based coal miner SouthGobi Resources Ltd said on Thursday it sacked its chief executive officer (CEO), who is a suspect in a fraudulent loan case, with immediate effect, because of his inability to fulfil his daily duties. The former CEO, Aminbuhe, was also removed as chairman of the board but would remain as a non-executive director, the company said in a statement to the Hong Kong stock exchange, providing only one name for him. Click here to read full stories.

Nov 23 - Russia's Polyus shares down on Kerimov's detention 

Shares of Polyus, Russia's biggest gold producer, were down by 3.2 percent in early trade in Moscow, after Suleiman Kerimov, whose family controls the company, was detained in France this week.Russian businessman and lawmaker Kerimov was arrested by French police at Nice airport on Monday evening in connection with a tax evasion case, an official at the French prosecutor's office said on Tuesday. Click here to read full stories.

Nov 23 - Indonesia's Antam eyes 162 pct jump in 2018 nickel ore sales 

Indonesia's state-owned diversified miner PT Aneka Tambang Tbk (Antam) is targetting a 162 percent jump in nickel ore sales next year to 11 million tonnes from an estimated 4.2 million tonnes this year, its chief executive said on Wednesday. Of that amount approximately 3.9 million tonnes will be exported while the remainder will be sold domestically, including to Antam's own smelters, Arie Prabowo Ariotedjo told Reuters in a text message. Click here to read full stories.

Nov 22 - Thyssenkrupp workers increase pressure in Tata Steel JV talks 

Labour representatives have piled pressure on Thyssenkrupp in talks over the group's planned European steel joint venture with India's Tata Steel, saying they remained concerned over jobs and plants.Thyssenkrupp and Tata Steel in September announced plans for a joint venture that would create Europe's second-largest steelmaker after ArcelorMittal. The merger will also result in up to 4,000 job cuts, although workers fear that more will come.  Click here to read full stories.

Nov 22 - Rio Tinto, China's private equity prepare to bid for lithium producer SQM

Rio Tinto, Canada's Wealth Minerals and Chinese private equity firm GSR Capital are considering a bid for a stake in Chilean lithium producer SQM (Sociedad Quimica Y Minera), banking sources told Reuters.Canada's Potash Corp of Saskatchewan must divest its 32 percent stake in the Chilean company as part of its merger with rival Agrium Inc. Click here to read full stories.

Nov 22 - Philippines set to keep open pit mining ban as Duterte rejects call to lift it 

The Philippine environment minister said on Wednesday that a ban on new open pit mining in the country would remain in place, with President Rodrigo Duterte rejecting government panel recommendations to reverse it.The ban, implemented by former environment minister Regina Lopez from April covers new projects including the $5.9-billion copper-gold Tampakan project in southern Mindanao island, the biggest stalled mining venture in the Southeast Asian nation. Click here to read full stories.

Nov 22 - A beginner's guide to China's steel and aluminium winter cuts: Andy Home 

China's winter heating season has just begun, heralding a titanic supply chain experiment as whole industrial sectors reduce capacity or close completely to comply with the leadership's war on pollution.The curtailments will take place across the four provinces adjacent to the cities of Beijing and Tianjin, lasting until the middle of March. Click here to read full stories.

Nov 22 - Nevsun loses bid to stop Canadian lawsuit over forced labor claims in Africa mine 

Nevsun Resources Ltd lost its bid to have a Canadian court throw out a lawsuit by Eritreans workers who say they were forced to work at its mine in East Africa, according to an appeals court judgment released on Tuesday.A lower Canadian court ruled last October that the lawsuit against Nevsun can proceed in British Columbia. Nevsun had appealed the ruling, arguing the case should be dismissed and that any lawsuit should be heard in Eritrea, not Canada.  Click here to read full stories.

Nov 22 - De Beers orders $142 million Namibian diamond mining ship 

Anglo American's diamond unit De Beers has ordered a new $142 million diamond mining ship as part of its strategy to grow its offshore operations, the firm said on Tuesday.De Beers said it had signed a memorandum of understanding with Norwegian firm Kleven Verft AS to build what it said would be the world's largest custom-built diamond mining vessel. Click here to read full stories.

Nov 22 - South Africa's parliament delays passing key mining law 

South Africa's parliament will miss a December target to pass changes to mineral resource laws, seen as key for greater investor certainty, a senior parliamentary official said on Tuesday.In September, Mines Minister Mosebenzi Zwane told a mining conference in Australia that the new target date for promulgation of changes to the Mineral and Petroleum Resources Development Act (MPRDA) would be December.  Click here to read full stories.

Nov 22 - Mali says gold mining revenues increased 14 pct in 2016 

Gold mining revenues in Mali increased by 14 percent in 2016 to 280 billion CFA francs ($505 million), Mines Minister Tiemoko Sangare said on Tuesday, revising an earlier estimate.Earnings in 2015 amounted to 245 billion CFA francs. Click here to read full stories.

Nov 21 - Platinum market deficit to expand sharply in 2018 - WPIC 

The global platinum market deficit will rise sharply next year thanks to resurgent demand from the jewellery and industrial sectors and declining production, an industry report said on Tuesday. The shortfall will jump to 275,000 ounces from an expected 15,000 ounces this year, the World Platinum Investment Council (WPIC) said in its latest Platinum Quarterly report. Click here to read full stories.

Nov 21 - BHP, Vale get extension to settle $48 bln Samarco claim

BHP Billiton Ltd and Vale SA have secured a 150-day extension from a Brazilian court to negotiate a settlement of a $48 billion claim stemming from the Samarco mine disaster in 2015, BHP said on Tuesday. The settlement date, which had been set for Nov. 16, has been extended to April 20, 2018. Nineteen people died and nearby towns were inundated with flood waters after a dam designed to hold back mine waste burst on Nov. 5, 2015, causing Brazil's worst ever environmental disaster. Click here to read full stories.

Nov 21 - Top Glencore executive quits Katanga board after accounting lapse

Three Glencore Plc executives, including the head of its copper group, have stepped down from the board of subsidiary Katanga Mining Ltd after an internal review identified weaknesses in its financial reporting controls, Katanga said on Monday. Katanga, which operates cobalt and copper mines in Democratic Republic of Congo, said Aristotelis Mistakidis, Liam Gallagher and Tim Henderson had tendered their resignations, effective immediately. Click here to read full stories.

Nov 21 - Brazil's Vale denies postponing sale of New Caledonia mine stake

Brazil's Vale SA in a securities exchange filing on Monday denied that it had decided to postpone the sale of a stake in the New Caledonia nickel mine, saying it is continuing to look for a partner. Reuters reported on Friday, citing sources, that the mining major would postpone the sale for up to a year after initial bids for the assets came in at the lower end of expectations. Click here to read full stories.

Nov 21 - Copper market in 85,000 tonnes surplus in Aug 2017 - ICSG 

The global world refined copper market showed a 85,000 tonnes surplus in August, compared with a 7,000 tonnes deficit in July, the International Copper Study Group (ICSG) said in its latest monthly bulletin. For the first 8 months of the year, the market was in a 52,000 tonnes deficit compared with a 139,000 tonnes deficit in the same period a year earlier, the ICSG said. World refined copper output in August was 2.01 million tonnes , while consumption was 1.92 million tonnes. Click here to read full stories.

Nov 21 - Philippines 9-month nickel ore output drops 11 pct amid sanctions 

Nickel ore output in the Philippines, the world's top supplier, dropped 11 percent in the nine months to September with several mines still suspended under a government crackdown and others hit by bad weather, the mining industry regulator said. Of the country's 30 nickel mines, only 17 reported output during the nine-month period, the Mines and Geosciences Bureau said in a report on Monday. Click here to read full stories.

Nov 21 - Russia miner Nornickel sees capex rising by 2019-2020

Russia's Norilsk Nickel plans to increase capital expenditure to an average of $2.3 billion to $2.5 billion a year in 2019 and 2020 from about $2 billion in 2018 due to an environmental project and infrastructure modernisation, it said on Monday. Nornickel, part-owned by Russian businessman Vladimir Potanin and aluminium giant Rusal, is the world's top palladium producer and second-largest nickel producer. Click here to read full stories.

Nov 21 - Russia's VTB Capital aims to double gold sales to China in 2018 

Russia's VTB Capital, one of Russia's biggest gold traders, aims to more than double sales of the precious metal to China next year, its global commodities chief said, after import curbs forced it to cut its target for this year. The investment banking unit of Russia's No.2 lender VTB, VTB Capital also trades grains, iron ore, oil and oil products and commodities head Atanas Djumaliev said it is looking at expanding to trade platinum group metals and non-ferrous metals such as zinc and cobalt, to help diversify VTB group's revenues away from banking. Click here to read full stories.

Nov 21 - Rio Tinto's U.S. copper smelter restarts, force majeure remains

Global miner Rio Tinto Plc restarted the smelter at its large Kennecott mine in the United States last Friday after a nearly six-week outage but force majeure on refined copper has not yet been lifted, a company spokesman said on Monday. There was no timeline for when the force majeure would be lifted, spokesman Kyle Bennett said. A force majeure is usually implemented by companies during unforeseen events when they cannot meet commitments to customers. Click here to read full stories.

Nov 20 - Vale delays sale of stake in New Caledonia nickel mine - sources

Vale SA has decided to postpone the sale of a stake in its New Caledonia nickel mine after the world's largest iron ore producer decided initial bids were too low, two people with knowledge of the matter said. The sale may be delayed for up to a year as the company anticipates a rebound in nickel prices, the sources said, requesting anonymity because they were not authorized to speak publicly on the matter. Click here to read full stories.

Nov 20 - Nickel loses its electric car fizz, realises it's still a steel play: Russell 

The nickel market is learning that there is a difference in believing you are the next big thing in battery metals and the reality that you are actually still beholden to the Chinese steel sector. Nickel was one of the darlings at last month's annual London Metal Exchange Week, with everybody from producers, to traders and consumers talking up its prospects on the back of the expected surge in electric vehicles. Click here to read full stories.

Nov 20 - Philippines' Duterte keeps open pit mining ban in policy clash 

Philippine President Rodrigo Duterte has not lifted a ban on open pit mining, his spokesman said on Monday, going against the stance of a government panel and the environment minister who are seeking to reverse the policy. Open pit mining is allowed under the laws of the Southeast Asian country, the world's top nickel ore exporter. But, the former environment minister Regina Lopez banned it during her 10 months in office, saying the environmental degradation ruined the economic potential of places where it was done. Click here to read full stories.

Nov 20 - Indonesia evacuates villagers after shootings near Freeport copper mine

Indonesia on Friday began evacuating villages that authorities said had been occupied by armed separatists after a string of shootings near a huge copper mine operated by Freeport McMoRan Inc. Two police have been killed and at least 12 people wounded by gunfire in the area, in the eastern province of Papua, since mid-August. Police have blamed an "armed criminal group" while military authorities say the gunmen were linked to separatist rebels. Click here to read full stories.

Nov 20 - China regulator approves Shanghai copper options - state media

The China Securities Regulatory Commission has approved an application from the Shanghai Futures Exchange (ShFE) to trade copper futures options, the official Shanghai Securities News reported on Sunday. Futures options for copper would be China's first for an industrial product and serve as a risk management tool in non-ferrous metals derivatives trading, the financial newspaper said, without providing a timeframe for the launch. Click here to read full stories.

Nov 20 - Speculators raise net longs in gold and silver

Hedge funds and money managers raised their net long positions in COMEX gold and silver contracts for the third consecutive week inthe week to Nov. 14, the U.S. Commodities Futures Trading Commission said on Friday. They also cut their net long position in copper futures and options, CFTC data showed. In gold, the hedge funds and money managers raised their net long position by 7,447 contracts to 181,010 in the week. Click here to read full stories.

Nov 20 - Metal recyclers prepare for electric car revolution 

Recycling companies are honing processes to extract metals from old batteries more cheaply and efficiently so they can capitalise on an expected shortfall in materials such as cobalt and lithium when sales of electric cars take off. The main obstacle recyclers face now is a shortage of spent batteries to recycle to make their technology cost-effective, but those at the forefront of the industry are confident the supply, and profits, will come. Click here to read full stories.

Nov 20 - Hedge fund bet on Glencore backfires with $100 mln loss

London hedge fund giant Lansdowne Partners lost $100 million from a long-term bet against Glencore this year after the spectacular recovery of the miner took some by surprise. For Lansdowne, that bet had generated returns in 2014 and 2015, when Glencore more than other major miners was dragged down by falling commodity prices and concerns about its level of debt. Click here to read full stories.

Nov 20 - Is tin market's inertia down to deficit fatigue: Home

Why has tin been shut out of the base metals rally this year? Trading on the London Metal Exchange (LME) around $19,400 per tonne, tin is down 7 percent since the start of January. The rest of the metallic pack are up by an average 20 percent. Click here to read full stories.

Nov 17 - Fire hits Freeport Indonesia port facility in Papua

A fire broke out at the main port used by copper miner Freeport-McMoRan Inc in Papua, Indonesia, on Thursday night, the company said. The fire occurred at the Amamapare port in a plant where copper concentrate from the giant Grasberg copper mine is processed before loading onto vessels for shipping. Click here to read full stories.

Nov 17 - India considering cut in iron ore export tax -sources

India is considering scrapping or reducing a 30 percent export tax on medium-grade iron ore after building up a stubbornly high surplus of the commodity, according to a document seen by Reuters. India's mining industry has lobbied for months for a cut in the duty after the country's stockpile rose over the last five years to reach 149 million tonnes at the end of the financial year in March 2017. Click here to read full stories.

Nov 17 - China Hongqiao mulls moving aluminium smelting capacity to Indonesia

China Hongqiao Group, the world's biggest aluminium producer, is looking into the possibility of moving recently shuttered illegal smelting capacity overseas, mainly to Indonesia, a source close to the company said on Thursday. Hongqiao had to shut 2.68 million tonnes in annual smelting capacity in its home province Shandong at the end of July amid reforms to cut excess supply in China. Hongqiao Chief Executive Zhang Bo told Reuters on Wednesday that this would not come back online next year.  Click here to read full stories.

Nov 17 - Russia's TMK says strong U.S. demand to support Q4 earnings

Russian pipemaker TMK said on Thursday strong demand in the United States and an improvement in the Russian market would support earnings in the last three months of the year after growth in the previous quarter. TMK, Russia's largest maker of steel pipes for the oil and gas industry, said it was still on track for stronger financial results in 2017 despite some pressure on margins from higher raw materials prices. Margins are, however, expected to expand in the first quarter of 2018, it added. Click here to read full stories.

Nov 16 - BHP eyes two-year exit from shale; also selling nickel

BHP Billiton said on Thursday it hopes to fully divest its troubled U.S. onshore shale business in around two years and is also seeking a buyer for its nickel business in Australia. The renewed push to unload both sets of assets, which the world's biggest mining company no longer deems strategic, comes as prices for oil and nickel enjoy a price resurgence. Click here to read full stories.

Nov 16 - China's Chalco plans to launch Guinea bauxite mine by early 2018

A unit of China's biggest state-run aluminium firm, Chinalco, plans to start producing bauxite at its project in the West African nation of Guinea later this year or early in 2018, a company executive said on Thursday. Guinea's mines ministry said in August that Chalco, Chinalco's listed arm, was set to invest $500 million to churn out bauxite, a raw material for aluminium, in the country's north. Click here to read full stories.

Nov 16 - Zinc market focus turns to new supply, but don't forget Quebec: Andy Home

The Dugald River zinc mine in the Australian state of Queensland made its maiden shipment of concentrates earlier this month. Once ramped up to full speed, the mine will produce around 170,000 tonnes per year of contained metal. Click here to read full stories.

Nov 16 - Shanghai copper investors add $1 billion to late 2018 positions - data

Open interest for some far forward Shanghai copper futures contracts surged on Tuesday, Reuters Eikon data showed, the latest sign that investors continue to place big bets in one of China's top derivatives markets. Unidentified traders on Shanghai Futures Exchange (ShFE) added $1 billion to positions in copper contracts tied to the second-half of 2018 this week, Reuters Eikon data showed. Click here to read full stories.

Nov 16 - China's Jisco set to ship first Jamaican alumina cargo - chairman

China's state-owned Jiuquan Iron & Steel Group (Jisco) will this month ship the first cargo of alumina from its Alpart refinery in Jamaica to China, the company's chairman said on Thursday, outlining plans to build a second alumina plant at the site. The cargo will depart Jamaica on Nov. 23, said Jisco chairman Chen Chunming, addressing participants at the China Aluminium Week conference in Fuzhou. Click here to read full stories.

Nov 16 - China Hongqiao shuts down aluminium smelting pots for winter

China Hongqiao Group, the world's largest aluminium producer, has closed enough smelting pots to comply with industry output restrictions in northern China this winter, its chief executive said on Wednesday. All of Hongqiao's nearly 7 million tonnes a year of smelting capacity is in Binzhou, one of 28 northern Chinese industrial cities that face stringent production restrictions over the next four months.  Click here to read full stories.

Nov 16 - Shanghai copper investors add $1 billion to late 2018 positions - data

Open interest for some far forward Shanghai copper futures contracts surged on Tuesday, Reuters Eikon data showed, the latest sign that investors continue to place big bets in one of China's top derivatives markets. Unidentified traders on Shanghai Futures Exchange (ShFE) added $1 billion to positions in copper contracts tied to the second-half of 2018 this week, Reuters Eikon data showed. Click here to read full stories.

Nov 15 - China's copper smelters insist no concentrate deficit after surprise Shanghai meeting

China's top copper smelters held an unscheduled meeting in Shanghai on Tuesday to reaffirm their position that there will be no shortage of copper concentrate supply in 2018 as the key contract renegotiation season hots up. The 10 companies on the China Smelters Purchase Team (CSPT) met to conduct a "comprehensive and systematic analysis" of supply and demand dynamics after their return from the recent London Metal Exchange (LME) gathering, an official within the group told Reuters. Click here to read full stories.

Nov 15 - Chinalco to cut 2 mln T of alumina capacity this winter - exec

Chinalco, China's biggest state-run aluminium producer, is cutting its alumina capacity by 2 million tonnes this winter to comply with pollution-related restrictions on heavy industry, an executive said on Wednesday. The company, formally known as Aluminum Corp of China, started to make the cutbacks at its alumina refineries in Henan and Shandong last month, vice president Lu Dongliang told Reuters. Lu was speaking on the sidelines of the China Aluminum Week conference in Fuzhou. Click here to read full stories.

Nov 15 - Indonesian police officer killed in shooting near Freeport mine

An Indonesian police officer was killed and a second wounded on Wednesday, after being shot in the back in an area near Freeport-McMoRan Inc's giant Grasberg copper mine in the eastern province of Papua, a police spokesman said. The officers were patrolling an area close to where a Freeport vehicle was targeted in a shooting on Tuesday, Papua police spokesman Suryadi Diaz said in a statement. Both were taken by helicopter to a hospital in the nearby city of Timika. Click here to read full stories.

Nov 15 - Apple leads way in tracing cobalt from Congo, Microsoft lags - Amnesty

Apple is leading the way in tracing cobalt used in its electronics to ensure the metal has not been mined by children in Democratic Republic of Congo while Microsoft is lagging, Amnesty International said. Microsoft disagreed with the pressure group's conclusions published on Wednesday. Click here to read full stories.

Nov 15 - Miner Teck taps McKinsey boss Barton for chairman role - sources

Teck Resources Ltd has held talks with Dominic Barton, the global managing partner of consulting firm McKinsey & Co, about becoming the Canadian miner's next chairman, replacing Norman Keevil, two people familiar with the matter told Reuters. Keevil, 79, Teck's chairman since 2001 and the patriarch of the Keevil family that controls the $12.3 billion Vancouver-based miner, could retire at the company's next annual shareholders meeting, set for April, the people added. Click here to read full stories.

Nov 15 - EU finds Chinese steel sent via Vietnam evaded tariffs

The European Union's anti-fraud office (OLAF) said it has found Chinese steel was shipped through Vietnam to evade the bloc's tariffs. Steelmakers are now awaiting a similar but more widespread U.S. circumvention investigation involving China and Vietnam. Click here to read full stories.

Nov 15 - Paulson holds stake in gold steady in 3rd quarter

Paulson & Co left its stake in gold investments unchanged in the third quarter, as concerns about North Korea's nuclear weapons program helped lift bullion prices to a 13-month high, a U.S. Securities and Exchange Commission filing showed on Tuesday. Soros Fund Management LLC stayed out of gold for the fourth straight quarter. Click here to read full stories.

Nov 15 - South Korea scores partial win in WTO ruling on U.S. steel pipe duties

South Korea won a partial victory on Tuesday when a World Trade Organization panel ruled on its legal challenge to U.S. anti-dumping duties on steel pipe used in the oil industry, but Seoul lost most of the arguments it had made. The WTO dispute panel faulted the U.S. Department of Commerce for the way it calculated the tariffs applied to the South Korean pipes, known as oil country tubular goods (OCTG). Click here to read full stories.

Nov 15 - Polish copper miner KGHM reports 84 pct rise in third-quarter profit

Polish miner KGHM, one of the world's biggest copper producers, on Tuesday reported an 84 percent rise in third-quarter consolidated net profit to 604 million zlotys ($167.36 million) on the back of higher copper prices. The state-run miner said its net profit also rose because losses related to its Chilean Sierra Gorda mine are no longer weighing on the group's results after it wrote off the foreign asset's value to zero. Click here to read full stories.

Nov 14 - Freeport Indonesia closes mine access road again after shooting

The Indonesian unit of Freeport-McMoRan Inc closed the main access road to its giant copper mine in the eastern province of Papua on Tuesday for the second time in three days after another shooting incident. A Freeport vehicle was hit by gunfire while it was heading from Tembagapura to Ridge Camp, the company said in a statement, referring to an area where Freeport workers live. Click here to read full stories.

Nov 14 - China's avg daily steel output falls in October m/m-stats bureau

China's average daily crude steel output fell for a second straight month in October from the previous month, government data showed on Tuesday, as the world's top steelmakers curbed output to help reduce smog over winter. Daily steel output dipped 2.5 percent to 2.334 million tonnes in October, from 2.394 million tonnes in September, according to Reuters' calculations based on the data from the National Bureau of Statistics. Click here to read full stories.

Nov 14 - Cracks open in aluminium raw materials supply chains: Andy Home

China's winter heating season has arrived and the aluminium market is still struggling to work out what impact it will have on the country's production. The question returned again and again at last week's ARABAL conference in Oman but consensus answer came there none. Click here to read full stories.

Nov 14 - Argentina seeks to overtake Chile in South America lithium race

The giant pools of turquoise water in the mountainous deserts of northwest Argentina shimmer in the sunlight like oases and for lithium miners like Australia's Orocobre Ltd, that is exactly what they are. The mid-cap miner is one of several lithium producers stepping up investment in Argentina amid expectations President Mauricio Macri's business-friendly agenda will transform the country into South America's top producer of the mineral, ousting neighbouring Chile in five years' time. Click here to read full stories.

Nov 14 - China Oct aluminium output falls 2.3 pct on-month - stats bureau

China's primary aluminium production fell for a fourth straight month in October, government data showed on Tuesday, hit by high costs and the closure of illegal capacity, with further decreases expected soon as winter output restrictions kick in. The world's top aluminium producing country churned out 2.55 million tonnes of the metal last month, down 2.3 percent from 2.61 million tonnes in September and versus 2.73 million tonnes in October, 2016, according to the National Bureau of Statistics (NBS). Click here to read full stories.

Nov 14 - Speculators raise net long position in COMEX gold, silver - CFTC

Hedge funds and money managers raised their net long positions in COMEX gold and silver contracts in the week to Nov. 7, U.S. Commodity Futures Trading Commission (CFTC) data showed on Monday. They also cut their net long position in copper futures and options, the data showed. Hedge funds and money managers raised their net long position in COMEX gold by 7,027 contracts to 173,562 contracts, according to the CFTC. This was the first time speculators raised their net long position in eight weeks, as gold prices jumped more than 1 percent on geopolitical risks. Click here to read full stories.

Nov 14 - Central Asia Metals pauses for breath after Macedonia mine deal

Central Asia Metals (CAML), which has just bought a lead and zinc mine in Macedonia, would consider further purchases but not for six months, its chairman said on Monday. The $402.5 million acquisition of Lynx Resources, completed on Nov. 6, adds diversity to a miner that until now based its revenues on copper in Kazakhstan and whose chairman had spent around three years looking for a purchase. Click here to read full stories.

Nov 14 - Brazil resumes murder trial in Samarco mining disaster

A court in Brazil decided on Monday to resume criminal proceedings, including consideration of murder charges, related to the 2015 Samarco mine disaster, throwing out a challenge from two defendants claiming that evidence was illegally collected. Vale SA and BHP Billiton Ltd, joint owners of the Samarco iron mine, are part of a group that includes 22 people and two other companies that stand accused of crimes related to a tailing dam that burst. Click here to read full stories.

Nov 14 - Egypt aims to finalise new gold mining contracts by end of 2017

Egypt expects to finalise contracts by the end of the year with local and foreign companies which were awarded five gold mining concessions, the energy minister said on Monday. Egypt began accepting bids in January for the five concessions, which were offered in the country's first tender for new gold exploration since 2009. Click here to read full stories.

Nov 13 - Freeport Indonesia reopens mine access after shooting

The Indonesian unit of Freeport-McMoRan Inc has reopened the main supply route to its huge copper mine in Papua, the company said on Monday, after the road was closed on Sunday following a shooting incident in the area. No one was reported injured when shots were fired at an escort vehicle travelling from the lowlands, but Freeport cancelled all convoys along the road on Sunday afternoon while the security situation was assessed.  Click here to read full stories.

Nov 13 - Gold investors hold their nerve as stock markets fly

Gold's resilience in the face of soaring equities and a dramatic fall in demand this year points to underlying confidence in the metal among investors unconvinced by this autumn's scorching stock market rally. Bullion's price has barely budged as stocks soared to record high after record high since mid-October and, with a month and a half to go, is on track to post its narrowest trading range of any year since 2005. Physical gold demand, meanwhile, hit an eight-year low in the third quarter. Click here to read full stories.

Nov 13 - Finnish nickel producer, Trafigura tap electric vehicle boom

Finland's Terrafame nickel mine is planning to start producing material for electric vehicle batteries by 2020, the company said on Friday, after securing $200 million more in funding from commodities trader Trafigura Group. Trafigura, which will also increase its nickel and cobalt sulphides offtake agreement with Terraframe, is providing the funds with Galena Asset Management and Nordic fund Sampo Plc. Click here to read full stories.

Nov 13 - Russia's Rusal Q3 core earnings surge 30 pct y/y

Russian aluminium giant Rusal's core earnings beat expectations in the third quarter, helped by rising aluminium prices and greater sales of higher margin products. Third quarter earnings before interest, taxation, depreciation and amortisation (EBITDA) surged by 30 percent to $549 million from $421 million in the third quarter of 2016 Analysts had expected core earnings of $515 million. Click here to read full stories.

Nov 13 - Reborn Canada steelmaker Stelco eyes organic, M&A growth - CEO

Resurrected Canadian steelmaker Stelco Holdings Inc is banking on growth from ramped-up production and acquisitions, Chief Executive Alan Kestenbaum said on Friday, as the 107-year-old company completed its initial public offering. Hamilton, Ontario-based Stelco, owned by U.S. private equity group Bedrock Industries, will use part of its C$230 million ($181 million) IPO proceeds on projects that boost capacity at its two steel-processing facilities in southern Ontario. Click here to read full stories.

Nov 13 - China's Hebei to cut steel capacity by 20 mln T in 2018-2020

China's top steelmaking province Hebei plans to cut around 20 million tonnes of its steel production capacity between 2018 and 2020, the provincial government said on its Twitter-like Weibo account on Friday. Hebei, which accounts for nearly a quarter of China's total steel output, aims to bring its capacity to around 200 million tonnes by 2020, the province said. Click here to read full stories.

Nov 13 - Fortescue Metals ends Western Australia power supply agreement with TransAlta

Australian iron ore miner Fortescue Metals Group Ltd said on Monday it has terminated a power supply agreement with TransAlta Corp for its Port Hedland operations in Western Australia. The miner said in a statement it was not satisfied that TransAlta's obligations under the a previously agreed power purchase agreement have been met. Talks with Alberta-based TransAlta had failed to reach a satisfactory outcome, it said. Click here to read full stories.

Nov 10 - Armed separatists occupy villages near Freeport's Indonesia mine

Armed separatists have occupied five villages in Indonesia's Papua province, threatening to disrupt Freeport-McMoRan Inc's giant Grasberg copper mine, which has already been hit this year by labour unrest and a dispute over operating rights. A state of emergency has been declared and around 300 additional security forces have been deployed to the mining area of the eastern province after a string of shootings since Aug. 17 that killed one police officer and wounded six. Click here to read full stories.

Nov 10 - ArcelorMittal upbeat about 2018 after strong third quarter

ArcelorMittal, the world's largest producer of steel on Friday reported a better-than-expected core profit in the third quarter and said it was upbeat about 2018. Core profit rose by 1.4 percent in the third quarter to $1.92 billion, above the $1.86 billion average expectation in a Reuters poll of 10 analysts. Click here to read full stories.

Nov 10 - Japan's JXTG cuts output target for Chile copper mine

Japan's JXTG Holdings  has crimped the full-year target for copper concentrate output at its Caserones mine in Chile, hit by lower production in the first half after a blackout, company officials said on Friday. The firm now expects output of 102,000 tonnes in the fiscal year ending March 31, versus its August forecast of 110,000 tonnes. Click here to read full stories.

Nov 10 - Eldorado to freeze investments in Greece's Skouries project

Eldorado Gold said on Thursday it would freeze investments in its Skouries gold mine in Greece, taking a tough stand in its battle with the country's government. The differences between Eldorado and the government have dragged on for years, mainly over environmental regulations. Eldorado blames Greece for long delays in issuing necessary permits. Click here to read full stories.

Nov 10 - Miner Vedanta's first-half profit jumps 37 pct on higher output, prices

Diversified miner Vedanta Resources' said its half-year profit rose 37.4 percent, helped by higher commodity prices and production. Vedanta said on Friday that earnings before interest, tax, depreciation and amortization rose to $1.69 billion in the six months ended Sept. 30, from $1.23 billion, a year ago.  Click here to read full stories.

Nov 10 - Kobe Steel to report on causes of data cheating, CEO to speak

Kobe Steel Ltd  said it would announce on Friday the results of an internal investigation into the causes of a data-cheating scandal that has rocked the Japanese steelmaker and affected hundreds of its customers globally. Japan's third-biggest steelmaker said it would release the internal report, which includes countermeasures to prevent a recurrence, at 4:30 p.m. (0730 GMT). Click here to read full stories.

Nov 10 - Protesters disrupt Lonmin's South Africa platinum mines

Workers employed by Lonmin's  community shareholder Bapo Ba Mogale are protesting that they have not been fully paid, causing minor disruption at two of the platinum miner's shafts, the South African-focused firm said on Thursday. Lonmin, grappling with soaring costs and low platinum prices, briefly shut the two shafts earlier this year when community members held protests to demand jobs. Click here to read full stories.

Nov 10 - FMC Corp announces $300 mln lithium investment in Argentina

Chemicals manufacturer FMC Corp  said it would invest $300 million investment to double its lithium production in Argentina by 2019, its local affiliate said in a statement on Thursday. The investment in Catamarca province will more than double its output of lithium to 40,000 metric tonnes per year in two years, unit Minera del Altiplano said. Click here to read full stories.

Nov 09 - Gold demand slides to eight-year low in Q3 2017 - WGC

Gold demand slid to its lowest in eight years in the last quarter as jewellery buying fell and inflows into bullion-backed exchange traded funds dried up, data from the World Gold Council showed on Thursday. Overall demand fell 9 percent to 915 tonnes, its weakest since the third quarter of 2009, the WGC said. Click here to read full stories.

Nov 09 - Caution needed over weakness in China's imports of iron ore, coal: Russell

If the sharp drop in China's iron ore imports in October looks suspicious, it should be viewed in the light of the record high the previous month and a holiday week. Preliminary commodity import figures released on Wednesday by China's General Administration of Customs showed iron ore imports for October slumping to 79.5 million tonnes, down a massive 22.7 percent from September's all-time high of 102.8 million. Click here to read full stories.

Nov 09 - EU antitrust regulators to investigate ArcelorMittal-Ilva deal

EU antitrust regulators will investigate whether ArcelorMittal's proposed purchase of Italian steel plant Ilva will lead to price hikes, a move likely to force the steelmaker to offer more concessions to address competition concerns. ArcelorMittal, the world's largest steelmaker, reached a 1.8-billion-euro ($2.1 billion) deal to acquire Europe's biggest capacity steel plant in June. The loss-making plant in Taranto in Italy's south is grappling with a serious pollution issue. Click here to read full stories.

Nov 09 - Analysts temper metals price forecasts after 2017's EV-inspired rally - poll

Resurgent industrial metals prices, powered by enthusiasm for the electric vehicle (EV) revolution and a Chinese pollution crackdown are starting to look overcooked - raising the risk of a correction next year, a Reuters poll showed.Copper is due to move into surplus next year while aluminium prices have already absorbed the impact of Chinese smelter shutdowns that will send the global market into deficit. Click here to read full stories.

Nov 09 - Cameco to suspend production from McArthur River mine, reduce dividend

Canadian uranium producer Cameco Corp said on Wednesday it would suspend production from the McArthur River mine in Saskatchewan, the world's biggest uranium mine, and the Key Lake mill by the end of January because of low uranium prices. The company also said it would cut its annual dividend to $0.08 per common share in 2018 from C$0.10 and temporarily reduced its workforce at the operations by about 845 workers. Click here to read full stories.

Nov 09 - Russian tycoon Mordashov set to sell 2.1 pct of Severstal

Alexei Mordashov, the majority owner of Severstal is planning to sell a 2.1 percent stake in the Russian steel firm, Goldman Sachs  said on Wednesday. Goldman Sachs, which is acting as bookrunner on the accelerated bookbuild, said in a statement that it was offering 18 million Severstal shares it had acquired from a company connected to Mordashov. Click here to read full stories.

Nov 09 - Brazil's Vale says received bids for New Caledonia nickel project

Brazil's miner Vale SA  said on Wednesday it had received bids to invest in its New Caledonia nickel project as the company reevaluates its nickel business. "We have just received proposals from bidders. The process continues," a Vale spokeswoman said in a written statement, without giving further details. Click here to read full stories.

Nov 08 - China's break-neck commodities buying slows ahead of winter cuts

China's raw materials purchases slowed in October from record-breaking levels a month earlier, the latest sign that Beijing's factories have been clearing inventory ahead of unprecedented government steps to curb smog over winter. Part of the slowdown from September was seasonal, with factories shut for a week-long national holiday and cutting output ahead of the Communist Party Congress earlier this month. Click here to read full stories.

Nov 08 - China Moly to meet DRC 2017 cobalt output target despite early-year rains -official

China Molybdenum Co still expects to meet its 2017 cobalt output target at its Tenke project in Africa, boosting operating rates after severe rains curbed production at the start of the year, an official said on Wednesday. China Moly last year agreed to pay $2.65 billion to acquire a 56 percent stake in the Tenke copper-cobalt project from Freeport McMoRan. Click here to read full stories.

Nov 08 - China's Antaike says global nickel deficit to shrink in 2018

Demand for nickel will outstrip global supply for the third year on the trot in 2018, although the size of the deficit is set to shrink, according to Chinese state-backed research firm Antaike. Appetite for nickel has been driven up as battery makers increasingly turn to the base metal to help power global electric car sales.  Click here to read full stories.

Nov 08 - China's Hebei says has met five-year pollution targets

The smog-prone northern Chinese province of Hebei has fulfilled its 2013-2017 targets to cut pollution, coal consumption and steel capacity, the local government said on Wednesday. Hebei, home to six of China's 10 smoggiest cities in the first three quarters of this year, is on the frontline of the country's "war on pollution" and is beginning a stringent winter campaign to curb emissions. Click here to read full stories.

Nov 08 - Deaths spike in South Africa's deep and dangerous mines, reversing trend

The 2017 death toll in South Africa's mines has already surpassed the 2016 figure, ending nine straight years of falling fatalities in the world's deepest mines and raising red flags for the industry, government and labour groups. The trend reversal is likely to reignite investor concern over mine safety and could prompt regulators to step up shaft inspections, which often result in costly production stoppages. Click here to read full stories.

Nov 08 - Anglo American considers bid for Louis Dreyfus metals unit - sources

Mining giant Anglo American is among several companies interested in buying commodity trader Louis Dreyfus's metals business, three trading and banking sources told Reuters. Dreyfus started an official sale process for a stake in the business, which could be a majority shareholding, by hiring Citi and ING earlier this year to assist it. Its metals business had a book value of $314 million as of 2016, according to filings. Click here to read full stories.

Nov 08 - Voestalpine's Q2 core profit rises on auto industry demand

Austria's speciality steelmaker Voestalpine reported a rise in second-quarter core profit that was largely in line with analyst expectations, driven by robust demand for its products from the automotive and consumer goods industries. Earnings before interest and taxes (EBIT) came in at 255.4 million euros ($295.9 million) in the three months through September on revenue of 3.05 billion euros, the group said. Click here to read full stories.

Nov 07 - Indian steel shortfall causes clash over Railways demand for rail imports

India's steel and rail ministries are at loggerheads over the state-run network's proposal to buy much-needed rails from overseas, a move that would undermine Prime Minister Narendra Modi's drive to build key infrastructure in India. India's Ministry of Railways, which manages the world's fourth-largest rail network, has grappled with a spate of accidents. Modi's government wants to overhaul the country's ageing tracks, but shortages of steel produced by state-run Steel Authority of India Ltd (SAIL) have slowed progress. Click here to read full stories.

Nov 07 - China's iron ore appetite stays voracious even as steel output cut: Russell

There is no sign as yet of a slowdown in China's imports of iron ore, despite an increase in the amount of steel-making capacity being idled as part of efforts to combat air pollution during winter. It would seem logical that if steel mills are forced to cut production in order to lower emissions, demand for iron ore in the world's top importer would also slow to reflect the reduced steel output. Click here to read full stories.

Nov 07 - China urged to ease reliance on DRC for cobalt

China is depending too much on the Democratic Republic of Congo (DRC) for cobalt, a crucial component in electric vehicle (EV) batteries, and should take steps to ensure security of supply, delegates said at an industry conference on Tuesday. China, the world's top cobalt consumer, is "over-reliant" on the African country, which accounts for around half of global cobalt supplies, said Wu Lijue, chairman of Guangdong Jiana Energy Technology Co, a supplier of cobalt salts and other materials for EV battery cathodes. Click here to read full stories.

Nov 07 - India's state miner NMDC plans bid for $9 bln diamond mine - sources

India's state-owned miner NMDC Ltd plans to bid for a $9 billion diamond project in the central state of Madhya Pradesh, three sources directly involved with the plan told Reuters, competing against resources conglomerates Adani and Vedanta. NMDC plans to shortly send a team to Bhopal for talks with state authorities, one of the sources said. Click here to read full stories.

Nov 07 - South Africa's Harmony Gold lifts output, keeps lid on debt

South Africa's Harmony Gold reported a 14 percent rise in first-quarter production on Tuesday, lifted by improved grades, sending its shares higher as rising cash flows supported investment in its Hidden Valley operation in Papua New Guinea. The bullion producer also said it was keeping a lid on its debt, with net debt standing at $67 million at the end of September compared with $68 million at the end of June. Its share price was almost 3 percent higher in early trade. Click here to read full stories.

Nov 07 - Strike threat adds to headaches for Lonmin chief executive

The threat of a strike in South Africa put renewed pressure on Lonmin  on Monday as Chief Executive Ben Magara sought to reassure investors that the platinum miner's underlying business was robust. The South African firm, not for the first time, faces an uncertain future in the wake of a 30 percent plunge in its share price on Friday after it delayed annual financial results because it could not yet give a specific figure for the impact of an ongoing business review.  Click here to read full stories.

Nov 07 - Congo mining output rises, central bank warns of inflation risk

Copper production in Democratic Republic of Congo, Africa's top producer of the metal, rose by 9.3 percent in the first nine months of this year, but soaring inflation remains a risk to the economy, the central bank warned on Monday. Rising mining production should help ease some of the economic problems in Congo where inflation is expected to hit 48 percent this year and the Congolese franc has fallen by 22 percent against the dollar, largely due to lingering effects from two years of low commodity prices. Click here to read full stories.

Nov 07 - Brazil regulator rejects Vale bid to change output target for railroad

Brazil's transportation regulator ANTT has rejected a request from Vale, the world's top iron ore producer, to change its production goals for the Carajas Railroad this year, according to a notice by the Official Gazette on Monday. Production goals for Vale's Carajas project, the world's largest open-air iron ore mine, are directly tied to cargo shipments on its railroad there, which carries output to Brazil's Ponta da Madeira port. Click here to read full stories.

Nov 07 - Slovenia plans to sell majority in metal products firm MLM

Slovenia's state-owned "bad bank" DUTB is seeking expressions of interest from potential buyers of a majority stake in metal products maker Mariborska Livarna Maribor (MLM), DUTB said on Monday. It said the company, which produces car parts, had revenues of about 40 million euros ($46 million) per year and more than 450 employees. DUTB has appointed consultancy Ernst&Young Svetovanje as the exclusive consultant for the sales process. Click here to read full stories.

Nov 06 - Scandal-hit Kobe Steel has a "look the other way" culture, they say in hometown

The fresh university graduate, eager to make a good impression on the job at one of Kobe Steel Ltd's main plants in Japan, punched the wrong measurements into machines making steel pipes, causing a large batch to come out too short. "I thought I was going to be fired," recalled the former employee nearly 40 years later.  Click here to read full stories.

Nov 06 - London Metal Exchange Week galvanised by electric dreams: Andy Home 

The future is bright. The future is electric. The green technology revolution lit up this year's London Metals Exchange (LME) Week. "Electric vehicles are a great long-term story" for industrial metals, according to Colin Hamilton, head of commodities research at BMO Capital Markets. Click here to read full stories.

Nov 06 - China turns to WTO in aluminium foil dispute with United States

China's Ministry of Commerce has asked the World Trade Organization (WTO) for consultations on a recent U.S. move to impose antidumping duties on imports of Chinese aluminium foil. The ministry, which accused Washington of breaking world trade rules after the United States on Oct. 27 imposed duties of up to 162 percent on Chinese foil imports, said late on Friday it had submitted the request for supplementary consultations under the WTO dispute resolution mechanism on Nov. 3.  Click here to read full stories.

Nov 06 - New metals platform NFEx may be pushed back from first quarter

The launch of new base metals trading platform NFEx could be pushed back from the first quarter of 2018 as potential users are still busy getting their systems ready for new European Union rules, the company's chief operating officer said. The Markets in Financial Instruments Directive (MiFID II) that comes into force in January 2018 across the EU, aims to apply lessons from the 2007-2009 financial crisis and stop abuse of pricing power and speculation. Click here to read full stories.

Nov 06 - Lonmin to showcase social projects after share price meltdown

Embattled London and Johannesburg-listed platinum producer Lonmin will unveil new health and road projects in South Africa on Monday in a ceremony that will be overshadowed by its latest share price collapse. Lonmin, not for the first time, is facing an uncertain future after its shares lost 30 percent on Friday when it delayed annual financial results due this month pending the conclusion of a business review.  Click here to read full stories.

Nov 06 - Speculators cut bullish COMEX gold bets for seventh week - CFTC

Hedge funds and money managers reduced their net long position in COMEX gold contracts for the seventh straight week, in the week to Oct. 31, U.S. Commodity Futures Trading Commission (CFTC)data showed on Friday. They also cut their net long positions in silver and copper futures and options, the data showed. In gold, the hedge funds and money managers reduced their net long position to 6,508 contracts to 166,535 contracts, the smallest since early August as prices fell to a three-week low. Click here to read full stories.

Nov 06 - Mitsubishi CFO: coking coal prices to fall toward $150/T in Oct-March half

Japanese trading house Mitsubishi Corp expects coking coal prices to fall towards $150 a tonne in the October to March half as Chinese steel mills are set to reduce output over the winter period, a senior executive said on Monday. "Coking coal prices are expected to decline to below the levels before a cyclone hit in Australia," Chief Financial Officer Kazuyuki Masu told a news conference on Monday, when asked about outlook for coal prices for the October to March half. Click here to read full stories.

Nov 06 - Russia's En+ prices IPO at $14 per GDR, valued at $8 bln

Russia's En+ Group, which manages tycoon Oleg Deripaska's aluminium and hydropower businesses, priced its global depositary receipts at $14 in an initial public offering (IPO) on Friday, at the lower end of its guided range. The IPO of En+ in Moscow and London is the first major primary equity raising by a Russian company in Britain since Western sanctions were imposed on Russia over its role in the Ukraine crisis. En+ and Deripaska are not under sanctions. Click here to read full stories.

Nov 06 - China's Xiamen seized over 1,400 tonnes of imported zinc waste - state media

China's Xiamen authorities seized over 1,400 tonnes of imported zinc waste recently, state media China News Service reported on Sunday, its biggest seizure to date after launching a campaign against foreign waste harmful to the environment in March. Xiamen Customs and Xiamen Inspection and Quarantine Bureau detected the problem when they conducted checks on a local export and import company's declaration to import 1,415.5 tonnes of zinc in 51 containers in August, China News Service said. Click here to read full stories.

Nov 06 - Land conflict halts output at Buenaventura's silver mine in Peru

Members of an Andean community have forcibly suspended production at Peruvian miner Buenaventura's Uchucchacua silver mine since Tuesday to demand compensation for land use, the precious metals mining company said. In a note to Peru's market regulator late on Thursday, the company said local leaders in the province of Oyon, about 100 miles from the capital Lima, had "radicalized" their stance in talks over compensation for use of local lands. Click here to read full stories.

Nov 03 - Aluminium producer margins hit by high input costs - Rusal

A jump in raw material costs has trimmed aluminium producers' strong margins in recent months, an executive of Russian aluminium giant Rusal said. Head of Sales Steve Hodgson also told Reuters that Rusal's valued-added business would grow to account for 60 percent of total sales by 2021 and that U.S. sanctions on Russia have had no impact on the company. Click here to read full stories.

Nov 03 - BHP aims for more copper, oil; steers away from EV minerals

The world's biggest miner BHP's response to the electric vehicle debate is to hunt for new reserves of copper and oil, while seeking a buyer for its assets to produce battery-grade nickel and steering clear of lithium and cobalt. Arnoud Balhuizen, chief commercial officer at BHP, has said 2017 marks a "tipping point" for electric vehicles in that they have entered the mainstream of metals demand forecasting.  Click here to read full stories.

Nov 03 - Auto sector to drive continuing aluminium demand - Novelis

Global demand for rolled aluminium products is expected to remain strong in next year thanks largely to the automotive sector, leading producer Novelis said on Thursday. The trend towards electric cars is also likely to increase the aluminium content of vehicles as carmakers seek to maximise battery range, said Emilio Braghi, senior vice president and Europe president at Novelis, the world's largest maker of rolled aluminium products. Click here to read full stories.

Nov 03 - German metals recycling group Befesa IPO priced at 28 euro/share

German metals recycling group Befesa said it priced its initial public offering of shares at 28 euros apiece, the bottom of the offer range, ahead of its market debut on Friday. Befesa is the largest initial public offering (IPO) in Germany this year after online takeaway food delivery group Delivery Hero and ahead of meal kit group HelloFresh, which listed earlier this week. Click here to read full stories.

Nov 03 - Kyrgyzstan government shuts Kaz Minerals mine for 3 months

Kazakh miner Kaz Minerals said the government of Kyrgyzstan had suspended operations at its Bozymchak gold and copper mine on Thursday for three months. The London-listed company said it did not know why the operations had been suspended and the Kyrgyz government did not immediately respond to a request for comment. Click here to read full stories.

Nov 03 - Top Acacia Mining bosses quit in midst of Tanzania dispute

Acacia Mining's top two executives have resigned in the midst of talks between its parent company and the Tanzanian government aimed at ending a long-running dispute that has hit Acacia's operations. Barrick Gold, the world's biggest gold miner and 63.9 percent owner of Acacia, struck a deal with Tanzania last month to end the dispute, part of which involved Acacia making a $300 million payment to the east African country. Click here to read full stories.

Nov 03 - N.American institutions eye mining sector, co-investments with PE firms

North American institutional investors are raising their exposure to metals and mining partly through co-investments with private equity, which offers them greater transparency and lower risk, industry sources at a mining conference said this week. Private equity (PE) managers who specialise in mining said that North American institutional investors - who have a higher degree of mining and metals expertise than counterparts from other regions - are more likely to make such investments. Click here to read full stories.

Nov 03 - Lower Q3 and Mali tax row take the glow off Randgold

African miner Randgold Resources on Thursday said full-year profit and output was on track despite a third-quarter dip, but its shares slid to a three-month low after its CEO did not rule out seeking arbitration over a tax dispute in Mali. Berenberg analysts said Randgold had delivered "a negative set of results", although other analysts said the figures gave some encouragement as full-year goals were still in sight. Click here to read full stories.

Nov 02 - BHP turns to drill bit to meet electric car copper consumption

Exploration not acquisition is the best way for BHP to meet any rise in copper demand from electric vehicles, a top official at the world's biggest miner said. The copper sector faces huge challenges as the ore quality in existing mines deteriorates, while electric vehicles will require high volumes of the metal, Danny Malchuk, president of operations at BHP's Minerals Americas, said. Click here to read full stories.

Nov 02 - Acacia Mining chief executive and financial head quit

Acacia Mining  said on Thursday its chief executive and chief financial officers had resigned and appointed temporary replacements in the midst of negotiations to end a long running dispute with the Tanzanian government. Acacia chairman Kevin Dushnisky said the company would fully support its management team while seeking a resolution to the dispute in Tanzania. Click here to read full stories.

Nov 02 - Japan's steelmakers in rare sweet spot, but Kobe Steel may miss out

Japan's steelmakers are in the midst of the best market conditions in at least three years as steel prices rise with construction in full swing for the 2020 Olympics in Tokyo and automakers boosting production. But the country's third-biggest steelmaker, Kobe Steel Ltd , is likely to be left out as it struggles to cope with one of Japan's biggest industrial scandals, involving widespread cheating on product specifications. Click here to read full stories.

Nov 02 - Rio Tinto throws its weight behind Africa as mining central

Africa, as the largest untapped source of growth in the mining sector, is pivotal in helping Rio Tinto  and other resources companies to supply the changing needs of the huge Asian market, a senior company official said on Wednesday. The comments, delivered at a Bloomberg forum as part of LME Week, is a vote of confidence in Africa, which has suffered from investor caution over political risk and corruption scandals. Click here to read full stories.

Nov 02 - Itochu CFO says no impact on earnings from Kobe Steel scandal

Itochu Corp  sees no impact on its earnings from the Kobe Steel Ltd  scandal though its metal units deal with some products from the embattled firm, Itochu chief financial officer said on Thursday. "Our subsidiary Marubeni-Itochu Steel Inc deals with Kobe Steel's products, but the portion is not that big compared with those coming from other steelmakers," CFO Tsuyoshi Hachimura told an earnings news conference. Click here to read full stories.

Nov 01 - Chile sees copper prices rising to average $2.95/pound in 2018

Chile sees copper prices averaging $2.95 per lb next year, Chilean Minister of MiningAurora Williams said at the LME Week industry gathering in London on Tuesday, citing a persistent market deficit. Copper prices have risen some 24 percent so far this year to average $2.75 per pound, helped by strong growth in China, which accounts for about 40 percent of the roughly 23 million tonnes of copper consumed each year. Click here to read full stories.

Nov 01 - S.Africa's Sibanye confirms over 2,000 layoffs at gold mines

South African precious metals producer Sibanye-Stillwaterconfirmed on Wednesday that it had laid off more than 2,000 gold miners as it shuts its loss-making Cooke shaftswhere illegal mining syndicates have plagued its operations. Layoffs are a thorny political and social issue in South Africa, where the jobless rate is close to 28 percent and labour groups including the National Union of Mineworkers (NUM) are allies of the ruling African National Congress (ANC). Click here to read full stories.

Nov 01 - China's Belt and Road boosts sentiment for commodities, not demand: Russell 

One of the great hopes for a sustained bull run for commodities is China's Belt and Road initiative, with expectations of hundreds of billions of dollars in commodity-intensive projects over the coming years. However, quantifying the impact on various commodities of China's ambitious plans to fund, build and benefit from infrastructure and other ventures along maritime and land corridors linking Asia to Africa and Europe is challenging. Click here to read full stories.

Nov 01 - Electric cars set world's nickel miners on new course

Battery makers are increasingly turning to nickel to help power growing global electric car sales, but only half of the world's producers of the metal are likely to benefit, mining analysts and executives say. Lithium batteries containing nickel, which helps keep a charge over longer distances, are being installed in electric cars from Tesla's top-of-the-line Model X to General Motors Co modestly-priced Chevy Bolt. Click here to read full stories.

Nov 01 - Iran seeks $50 bln in mining investment for 5-year plan - deputy minister

Iran is seeking $50 billion in investment for its mining industries out to 2022 and has signed agreements with several European and Asian banks in the past few months, the country's deputy mining minister said on Wednesday. "We are in need of $50 billion for investment in the mining and mining industries of Iran," Mehdi Karbasian told Reuters, speaking on the sidelines of the Imarc mining conference in Melbourne. Click here to read full stories.

Nov 01 - Japan's JFE says has not seen rise in orders after Kobe Steel scandal

Japan's No.2 steelmaker JFE Holdings Inc has not seen an increase in orders since rival Kobe Steel  admitted to tampering with data on products, an executive said on Wednesday. "We have not seen any increase in demand due to Kobe Steel's issue," JFE executive vice president Shinichi Okada told an earnings news conference. Click here to read full stories.

Nov 01 - Australia's Capricorn copper mine set to start production in Nov

Capricorn Copper, a mine in the Australian state of Queensland, is set to start production this month, said the chief executive of its part owner, Australian private equity fund EMR Capital. Capricorn will be one of just a few copper mines to come onstream globally in recent years, which has prompted sector analysts to warn of a possible shortfall in supply of the metal. Click here to read full stories.

Nov 01 - Anglo American investors demand clarity as dealmaker chairman arrives

Anglo American's  new chairman, who arrives on Wednesday, faces investor calls for clear direction at the miner, long seen as a potential takeover target. The smallest of the world's four big miners, Anglo is viewed as the most vulnerable to being bought, and incoming chairman Stuart Chambers has a strong record in securing buyers for the companies he leads. Click here to read full stories.

Nov 01 - Contango Holdings lists in London with plan to buy mining assets

Contango Holdings Plc lists on London's junior stock market on Wednesday, after raising a million pounds ($1.32 million) from investors, with a plan to buy resources assets. The company is the seventh new London listing in the sector this year. Although the market has begun to improve following the commodity downturn, it is still more difficult for juniors to attract investment than diversified miners. Click here to read full stories.

Oct 31 - Rio Tinto adds alumina refineries to aluminium smelters sale - sources

Rio Tinto is attracting renewed interest in selling its Pacific Aluminium smelting unit by adding two alumina refineries in Australia to the portfolio, according to three sources familiar with the matter. Rio Tinto had tried to sell the division minus the refineries in 2011 and again in 2015 without success. Click here to read full stories.

Oct 31 - China lashes out at U.S. aluminium foil dumping ruling again

China lashed out at the United States again on Tuesday over its decision to impose antidumping duties on China's aluminium foil, saying Washington's ruling that the country is breaking world trade rules is a "serious distortion of reality". In a statement, the Commerce Ministry called on the U.S. government to "correct its wrong behaviours" regarding the probe. Click here to read full stories.

Oct 31 - London Metal Exchange in talks with online platforms

The London Metal Exchange (LME), which has lost volumes to over-the-counter trading, is looking at forging alliances with online platforms for industrial metals to recoup profits from the growing OTC business, its CEO said. Large numbers of new electronic metals trading sites have recently popped up or are preparing to launch, while industry sources say established online venues Trayport and EBS are poised to expand into base metals. Click here to read full stories.

Oct 31 - Glencore raises marketing guidance, lowers output

Glencore on Monday cut its output forecast for core commodities including zinc, but raised its marketing division's full-year earnings before interest and tax (EBIT) to between $2.6 billion and $2.8 billion, reflecting higher raw materials prices. Its previous 2017 marketing, or trading, EBIT guidance was $2.4 billion to $2.7 billion, which was already an upward revision from $2.1 billion to $2.4 billion at the start of the year. Click here to read full stories.

Oct 31 - Russia's Norilsk launches copper and gold mine near Chinese border

Russia's Norilsk Nickel launched a greenfield copper, iron and gold mine in the country's remote Far East on Tuesday, the company said. The Bystrinsky project, some 400 km (250 miles) by rail from the Chinese border in the Siberian region of Chita, plans to export its production to China, the world's top iron ore consumer. Click here to read full stories.

Oct 31 - Some Kobe Steel products facing China customs delays - Shinsho president

Kobe Steel Ltd's trading unit said on Tuesday it has experienced delays getting products from the embattled Japanese steelmaker through Chinese customs because of a data fabrication scandal that has rocked global supply chains. Shinsho Corp, which sold some Kobe Steel products with tampered specifications, has been hit with delays on some shipments as Chinese custom officials sought more information, President Takafumi Morichi told an earnings news conference. Click here to read full stories.

Oct 31 - BHP, Vale get short extension on Brazil mine disaster settlement

BHP Billiton and Vale SA  have been granted an extension until Nov. 16 by a Brazilian court to negotiate a settlement on a $47 billion claim stemming from the Samarco mine disaster in 2015, BHP said on Tuesday. Brazilian federal prosecutors in May last year served the joint partners in the Samarco iron ore mine with a 155 billion Brazilian real ($47.13 billion) claim to pay for the social, environmental and economic costs of cleaning up the country’s worst environmental disaster. Click here to read full stories.

Oct 31 - China Oct steel PMI falls to 6-mth low as resources prices slump, order growth slows

Growth in China's booming steel industry fell to a six-month low in October as a government crackdown on winter air pollution sent prices of some raw materials tumbling and new order growth slowed, according to a sector survey released on Tuedsay. The Purchasing Managers' Index (PMI) for the steel sector fell to 52.3 in October from 53.7 in September, data from the China Federation of Logistics & Purchasing (CFLP) showed. Click here to read full stories.

Oct 31 - S.Africa's Implats says Q1 platinum output hit by maintenance

South Africa's Impala Platinum (Implats) said on Tuesday first-quarter platinum production fell 6.6 percent due to a stock buildup following scheduled furnace maintenance at its Impala and Zimplats operations. Gross refined platinum fell to 341,200 ounces in the first quarter ended Sept. 30 from 365,200 ounces in the same period last year, the company said. Click here to read full stories.

Oct 31 - Codelco raises copper premium to $88/T for Europe

The world's biggest copper miner, Codelco, has raised its 2018 physical copper premium to European buyers to $88 a tonne from the $80 to $85 a tonne range this year, copper industry sources said. Codelco's premiums for physical delivery of copper to be paid over the London Metal Exchange benchmarkare seen as a benchmark for global contracts, which means other producers are likely to follow suit. Click here to read full stories.

Oct 31 - TMK's U.S. arm sees 2018 pipe shipments back to pre-oil slump levels

The U.S. subsidiary of TMK, Russia's largest maker of steel pipes for the oil and gas industry, sees shipments next year returning to the levels of before the recent slump in oil prices, its chief executive told Reuters. TMK, controlled by businessman Dmitry Pumpyansky, has said it expects the financial results of U.S division TMK IPSCO to significantly improve in the second half 2017 as drilling activity in the United States remains high. Click here to read full stories.

Oct 30 - Fees on OTC trade that use LME prices could be postponed

The London Metal Exchange could defer its plans to charge fees on over-the counter contracts that reference LME prices because many of its members are on deadlines to get their systems ready for new European Union rules. The 140-year-old exchange announced last month it would start charging a new OTC fee in January balanced by cuts of other fees crucial to its physical user base designed to lure back volumes. Click here to read full stories.

Oct 30 - Factories across China's industrial heartland struggle with soaring gas costs

Factories in China's industrial heartland making everything from steel sheet to tofu and ceramics are struggling with soaring costs or facing closure as they wait for authorities to approve new gas-powered boilers, five industry executives told Reuters. The problems illustrate the burden that is falling on China's small- and medium-sized manufacturers because of Beijing's radical shift from coal to natural gas and will raise concerns of insufficient power supply for industry.  Click here to read full stories.

Oct 30 - Copper smelter Aurubis scans for deals with $2 bln warchest

Europe's biggest copper smelter, Aurubis, has 1.2 billion euros ($2.1 billion) in its warchest to grow through acquisitions, its chief executive Jürgen Schachler told Reuters, boosted by low debt and improvements in internal processes. Aurubis outlined its new strategy, called Vision 2025 in March, saying it planned to expand its output of other non-ferrous metals while also expanding its geographical footprint.  Click here to read full stories.

Oct 30 - China angered over U.S. aluminium foil anti-dumping duties

China said it was "strongly dissatisfied" with the U.S. decision to impose anti-dumping duties ranging from 97 percent to 162 percent on Chinese aluminium foil, urging Washington to correct its "mistaken methods". The preliminary ruling on Friday was a victory for U.S. aluminium foil makers who filed a complaint with the Commerce Department accusing Chinese producers of dumping foil into the U.S. market at below cost or fair market value. Click here to read full stories.

Oct 30 - Kobe Steel to withdraw earnings forecast after data scandal - Nikkei

Embattled Kobe Steel Ltd has decided to withdraw its forecast for the current financial year as it struggles to quantify the impact of its data falsification scandal, the Nikkei business daily reported on Monday. The steelmaker's forecast for its first full-year profit in three years has been thrown into doubt by revelations of widespread tampering of data on products used across the world in cars, trains, airplanes and other equipment. Click here to read full stories.

Oct 30 - Recovering global miners face fresh squeeze from rising costs

Just as global miners recover from an extended downturn and anemic metal prices, the industry faces a fresh challenge: higher costs. Mining companies, including Newmont Mining Corp, Teck Resources and Barrick Gold Corp, reported increased costs this week in their quarterly earnings, lifted by factors including supplier inflation, firmer currencies and renewed exploration and development spending. Click here to read full stories.

Oct 30 - Chile's Antofagasta moves to renewable energy - CEO

Chilean mining company Antofagasta is renegotiating its long-term energy contracts in a shift toward renewables as prices for wind and solar plummet in the world's top copper producer, the company's chief executive told Reuters. In an interview marking the start of the London Metal Exchange Week, an annual event for the mining and metals industry, Ivan Arriagada said some of Antofagasta's energy contracts will not expire for another three to five years but allow for renegotiation if market conditions change. Click here to read full stories.

Oct 30 - The ghost of copper past haunts LME's party week: Andy Home

Everyone loves a bull market. Expect a sunny mood at London Metal Exchange Week, the annual global metals industry gathering, even if the city's weather doesn't oblige with actual sunshine. The LME price index for six base metals has risen by 24 percent so far this year with aluminium and zinc bubbling up to multi-year highs. A rare period of synchronized global growth has kept demand buoyant, while multiple supply chains have been affected by China's war on smog.  Click here to read full stories.

Oct 30 - Speculators cut bullish bet in COMEX gold for 6th straight week

Hedge funds and money managers cut their net long positions in COMEX gold contracts for the sixth straight week, in the week to Oct. 24, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. They raised their net long positions in silver and copper futures and options contracts, CFTC said. Speculators cut their bullish COMEX gold bets by 1,968 contracts to 173,043 contracts, CFTC data showed, taking it to its lowest since early August. Click here to read full stories.

Oct 27 - Vale Q3 profit surges, sees pickup in 2018 iron ore output

Iron ore output at Brazil's Vale SA should rise to 390 million tonnes next year, the world's largest iron ore producer said on Thursday, after a surge in third quarter profit on rising prices fell shy of analyst estimates. Vale, which has forecast production of around 360 million tonnes this year, also said it saw output rising to 400 million in 2019. Click here to read full stories.

Oct 27 - China meets targeted steel capacity cuts for year - industry ministry

China has met its target for cutting steel capacity this year, the industry ministry said in a statement on Friday. The Ministry of Industry and Information Technology (MIIT) said, however, the country needs to continue pushing ahead with capacity reductions in other sectors, including aluminium and cement. Click here to read full stories.

Oct 27 - Gold seen flatlining next year, silver forecasts cut again - poll

Gold is likely to flatline for another year in 2018 as rising U.S. interest rates clip momentum, a Reuters poll showed on Thursday, while silver forecasts were cut again after the metal lagged forecasts in the third quarter. A poll of 34 analysts and traders conducted over the last two weeks returned an average gold price forecast for this year of $1,260 an ounce, in line with its year-to-date average of $1,255 and little changed from last year's level. Click here to read full stories.

Oct 27 - Copper processing fees seen slipping to five-year low in 2018

Copper processing fees are likely to edge down in 2018 to a five-year low in the face of limited supply growth and expanding smelting capacity in China, industry sources indicated to Reuters ahead of annual talks that begin in London next week. Negotiations between miners, such as Chile's Codelco, on the fees they pay Chinese smelters to process their raw material typically set the benchmark for other deals in the region. The charges are a leading indicator of copper supply. Click here to read full stories.

Oct 27 - Major Guinea bauxite mine to start producing in 2019 -mines ministry

One of Guinea's largest bauxite mines will begin producing 5 million tonnes per year in 2019, the mines ministry said on Thursday, boosting the West African country's efforts to treble output by 2020. Guinea has about a third of the world's bauxite reserves, which are refined and smelted to make aluminium, but annual output has lingered below 20 million tonnes for years, largely due to political instability. Click here to read full stories.

Oct 27 - Brazil's Nexa Resources prices IPO at $16 per share

Brazilian mining company Nexa Resources SA, formerly Votorantim Metais Holding SA, has priced its initial public offering at $16 per share, the company said on Thursday. Nexa is offering 31 million shares and now expects to raise about $496 million, the company said in a statement. Click here to read full stories.

Oct 27 - Gold miner Newmont's higher costs cast shadow on profit beat

Newmont Mining Corp's third-quarter profit beat Street estimates but margins were squeezed as the cost of gold production increased and selling prices were lower, sending its shares down nearly 4 percent on Thursday. Flush with cash and strong performance in North America and Africa, Newmont has been investing in new mines and harnessing technology to extend the life of mature mines. Click here to read full stories.

Oct 27 - Former Eldorado Gold CEO Wright quits board

Paul Wright, the former chief executive of Eldorado Gold Corp, plans to resign from the board of the Canadian gold miner, where he is vice chairman, the company said in a statement accompanying its quarterly results. Wright retired as CEO in April after nearly 18 years at the Vancouver-based company's helm and became vice chairman. He will resign as of Dec. 31, the company said, without giving any reason for his departure. Click here to read full stories.

Oct 26 - Freeport CEO sees some progress in mine deal talks with Indonesia

Freeport-McMoRan Inc is encouraged by talks to finalize an agreement for its massive Grasberg copper and gold mine in Indonesia this year, though it has not made as much progress as hoped, Chief Executive Richard Adkerson said on Wednesday. Despite expressing some disappointment with the headway made so far, Adkerson said Freeport would push on with its talks with the government, which introduced new mining rules this year to gain greater control over the nation's mineral resources. Click here to read full stories.

Oct 26 - Nickel the latest metal to feel the electric vehicle buzz: Andy Home

First it was lithium. Then it was cobalt. And now it is nickel's turn in the electric vehicle spotlight. Nickel is just as important as the other two metals in manufacturing the batteries that will power the green technology revolution. Click here to read full stories.

Oct 26 - Sibanye-Stillwater's gold output up 4 pct qtr/qtr

South Africa's Sibanye-Stillwater reported a 4 percent quarter-on-quarter rise in gold production and a 41 percent jump in group operating profit buoyed by higher commodity prices. The miner, which last year bought Stillwater, the only U.S. platinum producer, in a $2.2 billion deal, said Click here to read full stories.

Oct 26 - Barrick Gold's Tanzania deal may set expensive precedent - shareholders

Some mining investors are criticizing Barrick Gold for agreeing to Tanzanian demands in its proposed settlement of a dispute between its Acacia Mining unit and the Tanzanian government, saying this could embolden other host nations to press for bigger concessions from miners. Several shareholders said this week that by agreeing to hand Tanzania 50 percent of the "economic benefits" from Acacia's three gold mines in the East African country, Barrick may have set the baseline for what nations may demand from global mining companies, possibly slowing mine development. Click here to read full stories.

Oct 26 - Fortescue Q1 iron ore shipments up, price forecast down

Fortescue Metals Group Ltd on Thursday reported a slight rise in fiscal first-quarter iron ore shipments, but also warned its ore was selling at a greater discount than expected. The world's fourth-largest producer of iron ore said shipments rose to 44 million tonnes in the three months to Sept. 30 versus 43.8 million tonnes in the same period a year ago. Click here to read full stories.

Oct 26 - Rhodium hits highest in nearly 6 years as industrial demand surges

Rhodium prices hit their highest in nearly six years this week on the back of strong demand from industrial users, which has helped push prices up more than 40 percent so far this month. Rhodium, one the platinum group metals, is primarily consumed by automakers for use in catalytic converters, but is also used in glassmaking, and in the chemical sector. Click here to read full stories.

Oct 26 - Small mining companies shun London market after IPO flops

Lacklustre performances by small mining companies on the London Stock Exchange are driving rivals in need of cash to find alternative ways to raise capital, either by merging or turning to other markets such as Toronto. Six small miners have listed in London this year, up from two last year, but four of those are now trading below their offer price despite a rally in metals, led by a 27 percent jump in copper and aluminium prices and a 10 percent rise for gold. Click here to read full stories.

Oct 26 - Savannah Resources seeks pole position in European lithium race

Miner Savannah Resources aims to begin mining lithium in Portugal at the end of 2019, making it the first big producer of the battery mineral in Europe, where rival projects are springing up across the continent. So far, lithium production has been led by Latin America, Australia and China, and Asia has dominated lithium battery-making. Click here to read full stories.

Oct 26 - Kobe Steel loses industrial standards certification for copper products

Embattled Kobe Steel Ltd said on Thursday a Japanese Industrial Standards (JIS) certificate for some products made at its Hatano plant near Tokyo has been revoked because of data falsification. The move could hurt its business, which has been already impacted as some customers are switching orders to competitors. Click here to read full stories.

Oct 26 - Tullett Prebon to launch electronic trading platform for LME members

Brokerage Tullett Prebon said on Wednesday it would launch an electronic trading platform for members of the London Metal Exchange (LME) to execute carry trades that bridge contracts maturing on different dates. Tullett said its platform, called tpMATCH, would open to LME category 1 and 2 members early next month and make it easier to trade carries in which one or both ends of the trade fall on a date with low liquidity. Click here to read full stories.

Oct 25 - Why China's aluminium industry is praying for blue skies: Andy Home 

Winter is coming in China and that means large swaths of industrial capacity in the regions around Beijing and Tianjin must cut production. Chinese President Xi Jinping has promised "blue skies" will replace the choking smog that envelops many cities in the country's industrial heartlands, particularly over the "winter heating" months. Heavily polluting industries in the targeted regions will therefore have to reduce output between November and March. If that means massive disruption to supply chains, so be it. Click here to read full stories.

Oct 25 - Chinese coal miner piles on bullish copper bets, fuelling rally -source

A private coal mining industry investor in Shanxi province is the main actor behind a dramatic increase in bullish bets in Chinese copper futures, a person familiar with the matter said, driving a futures brokerage to a nearly $3 billion position that has fuelled a surge in prices to 4-1/2-year highs. The position has been built up over the past year through futures broker Gelin Dahua Futures Co Ltd, the person said, declining to be identified because he was not authorised to talk to media. Gelin Dahua is headquartered in Beijing and owned by securities firm Shanxi Securities Co. Click here to read full stories.

Oct 25 - Antofagasta trims 2017 cost estimate as Q3 output rises

Chilean copper miner Antofagasta on Wednesday posted a 3 percent rise in quarterly production on a better performance at its Los Pelambres mine and said cash costs for the year will be lower than previous estimates. Copper output in the third quarter rose 3.3 percent to 180,000 tonnes compared with the previous quarter, the miner said. Net cash costs for 2017 will be lower than the $1.30 per pound previously guided but a new estimate was not specified. Click here to read full stories.

Oct 25 - Global nickel market seen in third year of deficit in 2018 - INSG

Global demand for nickel is expected to outstrip supply for a third year running in 2018, as demand from the stainless steel industry expands and production of nickel-containing batteries grows, the International Nickel Study Group said on Tuesday. Global demand for nickel is seen increasing to 2.259 million tonnes, compared with supply at 2.206 million tonnes, it said in its latest annual forecast, resulting in a deficit for refined nickel of 53,000 tonnes next year. Click here to read full stories.

Oct 25 - Chile copper output to rise to 5.9 mln tonnes in 2018-industry group

Top copper producer Chile will likely churn out 5.9 million tonnes of the red metal in 2018, up 7 percent from this year's estimated output that was curbed by a strike at the world's biggest copper mine, a mining association said on Tuesday. But the National Mining Society (Sonami) warned that some 30 pending negotiations over expiring workers' contracts could change its 2018 forecast if fresh strikes hit the sector. Click here to read full stories.

Oct 25 - Peruvians take Glencore to court over police abuse allegations

Peruvian villagers suing miner Glencore will argue in London's High Court next week that the company should be held liable over their allegations they were abused by Peruvian police, the law firm representing them said on Tuesday. The allegations, to be presented in a 10-day hearing that starts on Monday, illustrates potential legal risks for mining companies that sign pacts with Peruvian police for the provision of security services at their operations. Click here to read full stories.

Oct 25 - Brazil congressional committees vote on reforms helping small miners

Brazilian congressional committees approved one plank of sweeping mining reforms on Tuesday, amending President Michel Temer's proposals to favor smaller miners, with votes on the two other measures delayed to Wednesday. Temer proposed the policies raising royalties, overhauling regulations and creating a new government agency in three separate decrees in July as part of a market-friendly agenda aimed at attracting foreign investment. The decrees require the approval of Congress to become law.  Click here to read full stories.

Oct 25 - French miner Eramet sees improving nickel demand

French miner Eramet said on Tuesday that it expects a significant increase in current operating income for 2017 due to progress in cutting costs, increasing productivity and rising nickel prices. It reported a 23 percent rise in third quarter sales to 877 million euros, helping send its shares up 5 percent at 1001 GMT. Click here to read full stories.

Oct 25 - Indonesia's Antam receives approval for additional nickel ore exports

Indonesia's PT Aneka Tambang Tbk (Antam) received a recommendation from the mining ministry for an additional 1.25 million tonnes of nickel ore exports over the next 12 months, Chief Executive Arie Prabowo Ariotedjo said on Tuesday. State-controlled Antam planned to increase its nickel ore output this year after a three-year ban on raw mineral exports was lifted in January. Click here to read full stories.

Oct 24 - Kobe Steel plant that supplied plane components being checked

Japanese authorities are conducting safety checks at a Kobe Steel Ltd aluminium plant that supplied components for a domestically built passenger aircraft, the transport minister said on Tuesday. Kobe Steel's revelations of widespread tampering in the specifications of its products have sent a chill through global supply chains for cars, trains, airplanes and other equipment.  Click here to read full stories.

Oct 24 - Hedge fund Red Kite sues Barclays for $850 mln over copper trading losses

Hedge fund Red Kite has filed a lawsuit against Barclays Plc, alleging the bank manipulated the copper market to its advantage, causing the hedge fund to lose $850 million. The case pits one of the world's biggest metals hedge funds, whose co-founder Michael Farmer was a former treasurer of Britain's Conservative Party, against one of Europe's biggest investment banks. Click here to read full stories.

Oct 24 - U.S. law firm files class suit against Rio Tinto over Mozambique coal

A U.S. law firm has filed a class action suit against mining giant Rio Tinto, which is facing U.S. Securities and Exchange Commission (SEC) fraud charges stemming from an ill-fated investment in Mozambique coal mining. Seattle-based Hagens Berman Sobol Shapiro LLP said in a statement released in Australia on Tuesday it filed the suit on behalf of purchasers of Rio Tinto American Depositary Receipts (ADRs) between Oct. 23, 2012 and Feb. 15, 2013 in the U.S. District Court for the Southern District of New York. Click here to read full stories.

Oct 24 - China's aluminium demand growth to stay ahead of GDP – Chinalco chmn

China's biggest state-run aluminium producer said consumption of the metal is set to increase by 9-10 percent this year on the back of strong downstream demand, and keep growing at a faster rate than the country's gross domestic product (GDP) in 2018. Ge Honglin, chairman of Aluminum Corp of China, known as Chinalco, told Reuters in an emailed answers to questions that consumption was expected to come in at 26.25 million tonnes in the first three quarters of 2017, up 9 percent year on the year, with peak end-year demand yet to come. Click here to read full stories.

Oct 24 - China's Sinochem says no plans to bid for stake in Chilean lithium producer SQM

China's state-owned Sinochem Group on Tuesday appeared to deny a media report that it was bidding for a stake in Chilean lithium producer SQM being sold by Canada's PotashCorp. "Up until now, neither Sinochem Group nor our subsidiaries have had such intentions or plans," the company said in response to a request for comment from Reuters. Click here to read full stories.

Oct 24 - Russia's En+ sets price range for flotation set to raise $1.5 bln

Russia's En+ Group, which manages tycoon Oleg Deripaska's aluminium and hydropower businesses, has set a price range for a planned stock market flotation that will test investor appetite for Russian assets three years after the Ukraine crisis. En+ expects to raise a total of $1.5 bln through the IPO and plans to use the bulk of the proceeds to cut debt, in particular, to the state bank VTB. Click here to read full stories.

Oct 24 - Anglo production Q3 output up 6 percent output, platinum cut

Anglo American on Tuesday reported a 6 percent rise in total output for the third quarter but said it had cut its platinum production to remove "unprofitable ounces". It lowered its production guidance for platinum to 2.30-to-2.35 million from 2.35-to-2.40 million ounces following the closure of unprofitable production at Bokoni, which was placed on care and maintenance in the quarter. Click here to read full stories.

Oct 24 - EU steelmakers' profits to peak this year, then soften slightly - Moody's

European steelmakers' profits will peak this year before softening next year, but not back to levels seen in 2016 when the market was recovering from a crisis, Moody's Investor Services said on Tuesday. The ratings agency kept its 'stable' outlook on the sector, in place since April. It sees sustained profits for the sector as spreads - the difference between steel prices and raw material costs - remain above levels seen in 2016 amidst a supportive operating environment. Click here to read full stories.

Oct 23 - Russia's Rusal says Q3 aluminium output up, sales down 

Russian aluminium giant Rusal on Monday said third- quarter aluminium production rose 1.1 percent from the previous quarter, but that sales were cut by limited transport capabilities.Third-quarter aluminium output reached 931,000 tonnes, with Siberian smelters accounting for 94 percent of total output, it said in a release to the Hong Kong bourse, where the company's shares are traded. Click here to read full stories.

Oct 23 - China still on track to hit growth target despite winter smog war - state planner 

China's economy is on track to meet its official growth target for 2017, the head of the state planning agency said on Saturday, despite a punishing war on pollution which is expected to slash industrial output over the winter months.China has forced 28 cities in smog-prone northern regions to reduce emissions of airborne particles known as PM2.5 by at least 15 percent from October to March 2017, with some cities expected to cut steel production by as much as 50 percent. Click here to read full stories.

Oct 23 - Will shrinking Chinese steel exports disarm Trump's trade guns? Andy Home 

So what's become of the United States' national security investigation into steel imports?Launched in April of this year, the so-called "Section 232" investigation has since gone very quiet. "Under the final stages of review," a Trump administration official told Reuters two months ago. Delays may be to fine-tune any sanctions to minimise collateral damage to "friendly" trading partners while focusing on China. Exports from the world's largest producer had risen, according to Commerce Secretary Wilbur Ross, "despite repeated Chinese claims that they were going to reduce their steel capacity". Click here to read full stories.

Oct 23 - Workers at Tata Steel's Dutch arm oppose Thyssenkrupp merger 

The works council of Tata Steel Netherlands said on Friday it opposed preliminary plans by Tata Steel and Thyssenkrupp to combine their European steelmaking operations into a joint venture (JV) and would fight to block it if necessary.Works council chairman Frits van Wieringen said that, after viewing the two companies' memorandum of understanding, he was concerned they intend to dissolve the Dutch subsidiary, which would strip away legal protections, and then lay off workers. Click here to read full stories.

Oct 23 - Rio opens books to over half-dozen possible suitors for Australia coal mines –sources 

Global miner Rio Tinto has opened its books to more than a half-dozen potential buyers of its remaining two Australian coal mines as it winds down the sales process, two people familiar with the sale process said on Friday.The Kestrel and Hail Creek coking coal mines on the block have attracted some of Australia's established coal miners, as well as private equity firms attracted to the positive outlook for selling metallurgical coal to Asian steel mills at robust prices, according to the people. Click here to read full stories.

Oct 23 - Acacia-Tanzania proposed settlement on track -Barrick 

Barrick Gold said on Friday a proposed mining settlement it negotiated with Tanzania for its Acacia Mining unit was not under threat, even though Acacia said it could not immediately make a $300 million payment included in the deal.Barrick, which owns 63.9 percent of Acacia, announced on Thursday the deal whose terms include the payment, giving the state a 16-percent stake in its three mines, and splitting "economic benefits" from those operations with the government. Click here to read full stories.

Oct 23 - Speculators cut bullish COMEX gold bets for 5th week - CFTC 

Hedge funds and money managers reduced their net long position in COMEX gold contracts for the fifth straight week, in the week to Oct. 17, U.S. Commodity Futures Trading Commission (CFTC) 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 23 - China's Jinchuan eyes new nickel, cobalt project to tap electric vehicle boom 

Jinchuan Group, China's top nickel producer, will next year start building a new project in Guangxi that will produce raw materials for electric vehicle (EV) batteries, its chairman said, looking to tap the sector's "explosive" demand.The project, in the southern port city of Fangchenggang, where Jinchuan already smelts copper and nickel, will have annual production of 30,000 tonnes of nickel and 3,000 tonnes of cobalt by 2020, Wang Yongqian said in an emailed Q&A with Reuters. Click here to read full stories.

Oct 23 - Metals recycler Befesa plans $1.5 billion Frankfurt IPO next month 

The main investor in German metals recycling group Befesa is planning to sell shares worth up to 707 million euros ($835 million) when the company joins the Frankfurt stock market next month, it said in a statement on Friday.If successful, Befesa would be the largest initial public offering (IPO) in Germany this year after online takeaway food delivery group Delivery Hero and ahead of meal kit group HelloFresh, which is also planning to list in November. Click here to read full stories.

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.