Base & Precious Metals News

May 24 - Chile lithium producer SQM delays Atacama expansion amid price slump 
Chile's SQM, the world's No. 2 producer of lithium, said on Thursday it would delay a key expansion of production capacity from the Atacama salt flat until the end of 2021 amid a slump in prices for the coveted battery metal. The miner had previously expected installed capacity in Chile to reach 120,000 tonnes "by the end of 2020," an expansion of 50,000 tonnes over current capacity, according to filings with the U.S. Securities and Exchange Commission in March.

May 24 - Zambia's mines minister orders regular audits at all mines 
Zambia will carry out regular audits at all mines to avoid any repeat of the situation at Vedanta unit Konkola Copper Mines (KCM), which has breached the terms of its licence, the mining ministry said on Thursday. Zambian President Edgar Lungu said on Monday the government planned to strip KCM of its mining licence and bring in a new investor. His spokesman said the move followed a number of breaches of the terms of the licence, without giving details.

May 24 - Clock ticking on efforts to find British Steel buyer 
Time is of the essence if the UK authorities are to broker a rescue of British Steel after it collapsed into liquidation, putting 25,000 jobs at risk. British industrialist Sanjeev Gupta's Liberty House has emerged as one potential bidder for the country's second largest steel producer, two sources told Reuters on Thursday.

May 24 - Stoppage at Newmont Goldcorp mine costs Mexico millions daily - minister 
Ongoing stoppages at Newmont Goldcorp Corp's Penasquito gold mine in Mexico are costing "millions" every day to both public coffers and the company, a Mexican minister said on Thursday, urging a solution that will restart operations. Speaking to reporters in Mexico City, Francisco Quiroga, the deputy economy minister responsible for mining, said he wanted operations at the country's largest gold mine to continue.

May 24 - Rare earths trade gun is loaded; will China pull the trigger? Andy Home 
Is China about to weaponise its global dominance of rare earths production in an escalation of the trade dispute with the United States? President Xi Jinping's visit to the Chinese city of Ganzhou earlier this week seemed designed to send a double message. A stop-off at Yudu was for the domestic audience. The town was the starting point of the Long March, the 1934 retreat by Communist Party forces in their ultimately successful campaign against Chinese nationalists. The message: things are going to get tough but we'll win in the end.

May 24 - Japan's JFE head says not expecting further rise in iron ore prices 
The head of Japan's second-biggest steelmaker JFE Holdings Inc said on Thursday he does not expect iron ore prices to rise further as he expects that Vale's output in Brazil will likely recover. The iron ore market is surging, with prices last week topping the $100-per-tonne level for the first time in five years. The steelmaking material has been rocked by the rolling dam-related closures of Vale's Brazilian mines as well as by weather-related losses in Australia. 

May 24 - Brazil's Vale, China's CCCC to co-invest in steel plant 
State-owned China Communications Construction Co (CCCC) and iron ore miner Vale SA have agreed to set up a steel mill in Brazil's northern state of Pará with a $450 million investment, the state's government said on Thursday. Vale confirmed in a separate statement that it had signed a protocol of intentions to support the financial structure of the flat-rolled steel laminating venture by issuing guaranties backing the project's funding.

May 24 - Vedanta says to challenge appointment of provisional liquidator of Zambia's KCM 
Vedanta Resources said on Thursday it will challenge in court a decision by Zambia's High Court to appoint a legal firm as a provisional liquidator of Konkola Copper Mines (KCM). The liquidation application was brought against Vedanta-controlled KCM by Zambian state-owned ZCCM-IH, which holds a 20.6% stake in the unit.

May 24 - China aluminium magnate Zhang Shiping dies aged 73
Zhang Shiping, who oversaw the rise of China Hongqiao Group into the world's biggest aluminium producer, died on Thursday at the age of 73, the company said. Zhang, who in 1994 took over the predecessor company to Hongqiao, a textiles firm in eastern China's Shandong province, branched out into aluminium in 2002.

May 23 - Chile's Codelco set for copper output hit as key mine goes underground 
Codelco's giant Chuquicamata mine is set for a 40% drop in production over the next two years, an internal forecast seen by Reuters shows, pointing to the sharp challenge facing the world's top copper miner as it scrambles to maintain output. The giant open-pit mine, set to be the Chilean state-run miner's biggest by output this year, is undergoing a complex $5 billion-plus transformation into an underground shaft mine in a bid to extend the century-old prospect's lifespan.

May 23 - China rare earth prices surge on Myanmar crackdown 
Spot prices for rare earths in China rose sharply on Wednesday, with dysprosium, used in magnets, lasers and nuclear reactors, hitting a four-year high, as the country feels the pinch from a reported ban on imports from neighbouring Myanmar. The latest surge in prices came two days after Chinese President Xi Jinping visited a rare earth company in Jiangxi, sparking speculation that China, the world's dominant producer, could restrict exports to the United States as part of a trade war between the two countries. 

May 23 - Barrick's buyout offer for Acacia unit irks minority shareholders 
Barrick Gold Corp's proposal to take full control of its Acacia Mining Plc unit to resolve a long-standing tax dispute with Tanzania has drawn the ire of Acacia's minority shareholders, who may have the ultimate vote on a deal. Barrick's offer values Acacia at $787 million, a near 11% discount to its Tuesday close and 42% below Barrick's own audited valuation of Acacia's assets in its 2018 annual report.

May 23 - British Steel collapses after failing to secure extra funding 
British Steel, the country's second largest steel producer, has collapsed and put 25,000 jobs at risk after failing to secure emergency government funding, Britain's Official Receiver said on Wednesday. The High Court ordered the compulsory liquidation of the company, although staff will remain employed for now as the liquidator oversees the operation of the main site in Scunthorpe, northern England. 

May 23 - Zimbabwe mine output subdued in first quarter as dollar crunch bites 
Zimbabwe's mining sector was subdued in the first quarter due to a severe dollar crunch that affected production, with gold the most hit, the mining chamber said, adding some bullion miners had experienced recently introduced power cuts. Mining generates most of the export earnings for the southern African nation, which faces a severe shortage of dollars that has led to a scarcity of fuel and medicines.

May 23 - Gold miners must focus on returns, mergers to attract investment -Barrick CEO 
Gold miners must focus on maximising returns and more mergers to attract investors seeking to diversify after years of under-investing in mines, Barrick Gold's chief executive said on Wednesday. "The industry is in decline and we have put ourselves in a very a tight spot because we haven't invested in exploration and our future," said Mark Bristow, who took the helm in January at Barrick after its takeover of Africa's Randgold.

May 23 - Aurubis buys recycler Metallo in move beyond copper 
Aurubis, Europe's biggest copper smelter, said on Wednesday it had agreed to buy Belgian-Spanish recycling company Metallo Group for 380 million euros ($424 million) as part of an acquisition-led shift into other metals. "Due to megatrends such as smart homes, e-mobility, digitalisation and renewable energies, both the quantity and the complexity of secondary raw materials will increase significantly," Aurubis Chief Executive Juergen Schachler said.

May 23 - Australia's Kidman Resources backs $534 mln Wesfarmers takeover 
Australian lithium miner Kidman Resources on Thursday agreed to be acquired by Wesfarmers for A$776 million ($534 million) in a deal that will give the retail conglomerate entry into the booming electric vehicle market. The two companies entered into a scheme implementation deed after Wesfarmers, which launched its bid for Kidman earlier this month, completed due diligence, the parties said in separate statements.

May 23 - Zimbabwe awards platinum concession to firm linked to Nigerian billionaire 
Zimbabwe has awarded a concession to explore for and mine platinum to a company linked to a Nigerian billionaire as the country speeds up investment in a mining sector it hopes will transform the country's struggling economy. The concession comes just over a year after President Emmerson Mnangagwa's government signed an agreement with Cyprus-based Karo Resources to develop a $4.2 billion integrated platinum mine.

May 22 - Steely ambition: China's Baowu eyes moving blast furnaces to Cambodia 
China's top steel maker Baowu Group is studying plans to relocate blast furnaces from remote Xinjiang to Cambodia in a bold example of China's heavy industry shifting excess capacity overseas, a source familiar with the firm's plans said. The move, which would mark Baowu's first overseas production, shows the lengths Chinese steelmakers are prepared to go to maintain output levels despite Beijing's drive to cut industrial slack in the mainland.

May 22 - British Steel risks collapse with 25,000 jobs at stake 
British Steel, the country's second largest steel producer, is on the brink of collapse unless the government agrees to provide an emergency 30 million pound ($38 million) loan, two sources close to the situation said. British Steel said negotiations had not concluded and it continues to work with all parties to secure the future of the business. It also reassured employees that their salaries will be paid in full for May. 

May 22 - Global miner BHP plans to expand nickel output amid battery boom 
Global miner BHP Group on Wednesday said it plans to expand its nickel sulphide operations amid an expected boom in demand for the material in electric vehicle batteries. But the company is not looking to produce main battery ingredient lithium as it sees such output having slimmer profits.

May 22 - Norsk Hydro to boost alumina output as Brazil lifts restrictions 
Albras aluminium smelter in Brazil, partly owned by Norsk Hydro, started to ramp up its output on Tuesday after a Brazilian federal court lifted production restrictions at the Alunnorte alumina plant, the Norwegian company said. The Alunorte plant, an important supplier to the aluminium industry, has been forced to operate at half capacity since a spill in February 2018 which prompted regulators and courts to restrict output. 

May 22 - Peruvian village blockades Las Bambas copper mine again 
An indigenous Peruvian community has imposed a new road blockade on Chinese miner MMG Ltd's Las Bambas mine, one of Peru's largest copper producers, after talks with the company over compensation broke down, a representative of the public ombudsman office said on Tuesday. The community started the blockade at midnight (0500 GMT) on Tuesday, the representative, Americo Contreras, said by phone, citing a document from government officials who mediated the talks that ended without a solution late on Monday.

May 22 - Rare earth firms' stocks soar on U.S.-China trade war speculation 
Shares in rare earth-related companies soared on Tuesday, led by jumps in Chinese producers a day after Chinese President Xi Jinping visited a rare earth firm in southern China, sparkingspeculation the sector could be the next front in the Sino-U.S. trade war. Xi on Monday visit JL MAG Rare-Earth Co Ltd in Jiangxi province, state media reported. The MVIS Global Rare Earth/Strategic Minerals Index which tracks the shares of 20 producers from 10 countries, including China, Australia and Canada, jumped 6.4% in its biggest one-day gain since October 2011.

May 22 - Iron ore is surging, but not all producers are joining the party: Russell 
While iron ore prices have surged to a five-year high above $100 a tonne, not all producers of the steel-making ingredient are sharing in the bounty. It's no surprise that Brazil's Vale is struggling. After all, it is largely the reason for iron ore's stellar run, with the spot price of 62 percent ore delivered to China, as assessed by Argus Media, ending at $100.65 a tonne on Tuesday, up 38.1% this year.

May 22 - Australian state leader calls for timeline on Adani coal mine approvals 
Australia's Queensland state premier on Wednesday called for India's Adani Enterprises to sit down with the state regulator to work out a definitive timeline to obtain approvals for a controversial coal mine project in the state. Premier Anna Palaszczuk said the community required certainty on the long-delayed Carmichael mine's outlook, and was tired of waiting for approvals after environmental reviews that have stalled the project.

May 22 - Barrick Gold bids to acquire remaining Acacia shares  
Canadian miner Barrick Gold Corp said on Tuesday it has proposed to acquire all of the shares it does not already own in Acacia Mining Plc through a share-for-share exchange of 0.153 Barrick shares for each ordinary share of Acacia. The proposal values Acacia, which is majority-owned by Barrick, at $787 million and total consideration to the minority shareholders of Acacia of $285 million, Barrick said. 

May 22 - What soaring iron ore and faltering copper say about China: Andy Home 
The iron ore market is on a surge, the price last week punching up through the $100-per tonne level for the first time in five years. Copper, by contrast, is under pressure, with the London Metal Exchange (LME) price for three-month delivery sliding 10 percent over the last month and currently struggling to hold the $6,000-per tonne level.

May 21 - LME dismisses Glencore complaint over access to metal in Malaysia - sources 
The London Metal Exchange (LME) has dismissed a complaint from miner and commodity trader Glencore over its inability to take fast delivery of aluminium from warehouses owned by ISTIM UK in Port Klang, Malaysia, two sources familiar with the matter said on Monday. Sources had told Reuters earlier this year that Glencore's complaint highlighted uncertainties in the LME's storage rules, after industry reform sparked by accusations from consumers that banks and traders were hoarding metal in LME warehouses.

May 21 - Zambia seeks 'divorce' from Vedanta over alleged mining breaches 
Zambia plans to strip Vedanta-controlled Konkola Copper Mines (KCM) of its mining licence and bring a new investor into the operation, in a move likely to stoke international miners' concerns about rising government intervention in the sector. Zambian President Edgar Lungu announced the plan on Monday, which his spokesman said followed a number of breaches of the terms of the licence, without giving details.

May 21 - Vale's Gongo Soco mine dam has up to 15% chance of bursting - Brazil official 
Brazilian miner Vale's tailings dam in the town of Barao de Cocais in Minas Gerais has up to a 15% chance of breaking, the state's environment secretary said on Monday. The dam at Vale's Gongo Soco mine is about 40 miles (64 km) from Brumadinho, where a tailings dam collapse unleashed a torrent of toxic mud in late January, killing more than 240 people.

May 21 - Confusing signals cloud London nickel market: Andy Home 
The London Metal Exchange (LME) nickel market was last week gripped by the most acute tightness in a decade. Time-spreads flexed into backwardation as a long-running downtrend in exchange stocks squeezed short position holders. Falling inventory and tighter spreads are normally strong bull signals in a commodity market. And in nickel's case they seem to tally nicely with the International Nickel Study Group's (INSG) forecast that supply will fall short of usage for the fourth successive year in 2019.

May 21 - Norsk Hydro given nod to restore output at Alunorte alumina plant 
Norwegian metals maker Norsk Hydro has been given the go ahead by a Brazilian federal court to resume full output from the company's Alunorte alumina refinery, it said on Monday. The plant, a key supplier to the aluminium industry, currently operates at half of its capacity after a spill in February 2018 that prompted regulators and courts to restrict output. 

May 21 - Copper market in 74,000 tonnes surplus in Feb 2019 - ICSG 
The global world refined copper market showed a 74,000 tonnes surplus in February, compared with a 33,000 tonnes deficit in January, the International Copper Study Group (ICSG) said in its latest monthly bulletin. For the first 2 months of the year, the market was in a 41,000 tonnes surplus compared with a 43,000 tonnes surplus in the same period a year earlier, the ICSG said.

May 21 - British Steel on brink of collapse with thousands of jobs at risk - source 
British Steel, the country's second largest steel producer, is on the brink of collapse unless the government agrees to provide an emergency 30 million pound ($38.1 million) loan by later on Tuesday, a source close to the situation said. The steelmaker, owned by investment firm Greybull Capital, employs around 5,000 people, mostly in Scunthorpe, in the north of England, while tens of thousands more depend on in its supply chain.

May 21 - Int'l recycling group confirms scrap metal exec as new president 
The Bureau of International Recycling (BIR) on Tuesday confirmed the appointment of Tom Bird, the chief operating officer of Chinese scrap metal firm Chiho Environmental Group, as its new president, replacing Ranjit Baxi. The Briton, who was previously BIR treasurer, was formally given an initial two-year mandate as president by members at the BIR's annual general assembly in Singapore. 

May 21 - Miner Fresnillo warns of "more challenging" 2019 
Fresnillo said on Tuesday the current year would be more challenging than 2018 as a number of industry variables were "working against" the precious metals miner. The company, which posted a 15 percent drop in first-quarter silver production last month, said it was "disappointed" not to meet its long-term silver output target and that it was taking action to address this "in a number of ways".

May 20 - U.S. lifts tariffs on Canadian, Mexican metals in boost for trade pact 
The United States struck deals on Friday to lift tariffs on steel and aluminum imports from Canada and Mexico, the three governments said, removing a major obstacle to legislative approval of a new North American trade pact. The separate agreements, which will not impose U.S. quotas on Canadian and Mexican metals shipments, will also eliminate Mexican and Canadian retaliatory tariffs on a broad range of U.S. products, including pork, beef and bourbon.

May 20 - China's scrap metal imports to slump as new rules leave firms confused 
China's scrap metal importers expect disruptions in shipments to start this month because of uncertainty surrounding new scrap restrictions starting in July, depriving the world's biggest copper consumer of a crucial source of the metal. Starting on July 1, China will restrict high-grade Category 6 copper scrap, as well as aluminium and steel scrap, an extension of an earlier ban that started this year on Category 7 scrap, which has less metal content.

May 20 - Australia's Lynas, Blue Line plan Texas rare earths facility 
Rare earths producer Lynas Corp said on Monday it has signed a memorandum of understanding with Texas-based Blue Line Corp to set up a rare earths separation facility in the United States. The move comes as the United States, which is highly reliant on the world's biggest producer China for rare earths, is prioritising the sourcing of its own strategic minerals used in everything from consumer electronics to military equipment. 

May 20 - Amplats considers sale of Twickenham and Bokoni mines - CEO 
Anglo American Platinum is contemplating the sale of its Bokoni and Twickenham mines in South Africa, a move which would mostly complete the group's divestment strategy, its chief executive told Reuters. The precious metals producer has sold many of its mines as it pivots from the labour-intensive methods that have defined South African platinum mining to more mechanised operations, but struggled to dispose of loss-making Bokoni.

May 20 - Tokyo Steel keeps product prices unchanged in June for 6th straight month 
Tokyo Steel Manufacturing Co Ltd, Japan's top electric-arc furnace steelmaker, said on Monday it will hold all steel product prices steady in June, for the sixth month in a row, citing a weaker overseas market and high inventories at home. For June, prices for steel bars, including rebar, will remain at 69,000 yen ($626) a tonne while H-beams will also stay at 89,000 yen ($808) a tonne. Prices will be unchanged for all of the company's 15 steel products. 

May 20 - Unions at Chile's Chuquicamata mine reject proposal for quick end to contract talks 
Three workers' unions at Chilean state-owned miner Codelco's Chuquicamata mine rejected management's proposal for a quick end to current contract negotiations, a union leader said on Sunday. Unions 1, 2 and 3 are the biggest unions at Chuquicamata and are negotiating a new collective contract as Codelco transforms the 100-year-old open-pit deposit into an underground mine.

May 20 - South Africa's Sibanye wins final regulatory go-ahead for Lonmin deal 
South Africa's Competition Appeal Court gave the green light on Friday to Sibanye-Stillwater's takeover of Lonmin that aims to create the world's second-largest platinum producer. Lonmin's biggest mining union, the Association of Mineworkers and Construction Union (AMCU), had filed an appeal trying to block the deal or have it re-examined to prevent job cuts after an earlier approval by the Competition Tribunal. 

May 20 - Zambia's president insists on tax changes opposed by mining firms 
Zambia's President Edgar Lungu said on Friday that he will go ahead with a new non-refundable sales tax in place of Value Added Tax (VAT), despite criticism from mining companies. Africa's second-biggest copper producer is introducing the tax change as part of a plan to keep a greater share of mineral resource profits for the country and tackle its debt despite criticism that it is deterring new investment. 

May 17 - Palladium boom gives South African miners only temporary reprieve 
A surge in palladium prices has thrown struggling South African mining companies a lifeline. But it may not be enough. Besides patchy power supplies and high labour costs, South African miners are saddled with ore that typically produces twice as much platinum as palladium - just at a time a global platinum surplus is weighing on prices.

May 17 - U.S. terminates Turkey's preferential trade agreement, reduces tariffs on steel 
The United States on Thursday terminated Turkey's preferential trade treatment that allowed some exports to enter the country duty free, but it has halved its tariffs on imports of Turkish steel to 25%. The White House said it was appropriate to terminate Turkey's eligibility to participate in the Generalized System of Preferences (GSP) program, based on its level of economic development. The decision is effective May 17, it added.

May 17 - China stimulus in response to trade war to support metals prices- Goldman 
Large stimulus measures from China in response to an escalation in the Sino-U.S. trade war would eventually drive metals prices higher, Wall Street bank Goldman Sachs said. The trade war will affect China's economy more than that of the United States, the bank said, but added that it expects Beijing will mostly be able to offset the negative impact.

May 17 - Chinese outages a reminder of aluminium's dirty secret: Andy Home 
Chinese alumina prices have jumped to a five-month high on news that at least two refineries in the province of Shanxi are being shut down pending environmental inspections. So far the market impact seems localised.

May 17 - Japan's SMM aims to double battery material capacity in 9 yrs 
Japanese miner and smelter Sumitomo Metal Mining Co Ltd (SMM) aims to more than double its production capacity of cathode materials used in batteries for automobiles by March 2028, its president Akira Nozaki said on Friday. SMM, which also makes electrical materials, supplies the nickel-cobalt-aluminium (NCA) cathode materials used in Panasonic Corp's lithium-ion battery that powers Tesla Inc's Model 3 and Model X cars.

May 17 - Sibanye-Stillwater plans to resume dividend payments in 2020
Higher prices for industrial precious metals palladium and platinum have boosted earnings at Sibanye-Stillwater, enabling the miner to repay debt and plan to resume dividends next year, its chief executive Neal Froneman said. Sibanye, once the industry's highest dividend payer, last made a payout to investors in 2016.

May 17 - Mining magnate aims to be kingmaker after Australian election
A billionaire who built his own Jurassic Park and promises a replica Titanic may hold the balance of power in Australia's parliament if his populist campaign wins enough votes in Saturday's general election. Clive Palmer, whose slogan "Make Australia Great" echoes U.S. President Donald Trump's 2016 campaign, has spent tens of millions of dollars on a campaign aimed at disaffected voters in a country where casting a ballot is compulsory.

May 17 - De Beers, Namibia invest in new diamond mining ship
Anglo American on Thursday said its De Beers subsidiary was investing in a $468 million new offshore diamond mining ship to mine for diamonds off the coast of Namibia, with the capacity to add 500,000 carats of annual production from 2022. The vessel is a joint venture between De Beers and the government of Namibia, which is keen to encourage foreign investment in mining as a mainstay of the economy.

May 17 - Poland's KGHM may beat production goal at Sierra Gorda 
Polish mining company KGHM may produce more copper than planned at its Sierra Gorda mine in Chile in 2019, while keeping capital expenditure (capex) below target, its deputy chief executive in charge of foreign assets said on Thursday. "We see a chance to limit capex at Sierra Gorda while maintaining a positive trend in production," said Pawel Gruza.

May 17 - Norsk Hydro eyes Brazil progress as court lifts one of two embargoes 
A Brazilian federal court has lifted one of two production embargoes on a key plant owned by Norwegian metals maker Norsk Hydro, the company said on Thursday, raising hopes that full production can soon resume. Shares in the company rose 5.4% in early trade on the news, and were up 4.3% at 33.42 Norwegian crowns by 0745 GMT.

May 16 - Commodities for the Trump-China trade war: Gold for bears, copper for bulls: Russell 
One of the most popular questions at mining conferences is what is your top metal and why are you bullish on it. The clear winner so far this year is gold. While gold is a perennial favourite at mining events, the near unanimous backing among industry insiders likely reflects two emerging dynamics.

May 16 - Mexico says it is close to U.S. metals tariff deal, waiting for Canada
Mexico is close to resolving its dispute with the United States over steel and aluminum tariffs without quotas but hopes Canada can reach a similar agreement before completing it, a senior Mexican official said on Wednesday. Jesus Seade, Mexican deputy foreign minister for North America, told Reuters by telephone that a deal to remove the so-called Section 232 tariffs was "very close" but he wanted Canada to be in the same position in its negotiations with Washington.

May 16 - Brazil court lifts one of two embargoes on Norsk Hydro plant
A Brazilian federal court has lifted one of two production embargoes on a key plant owned by Norwegian metals maker Norsk Hydro, but output remains curtailed at 50% of capacity, the company said on Thursday. Following a spill of untreated water in February 2018, courts and regulators restricted the production of Hydro's Alunorte alumina refinery, a key supplier to the aluminium industry.

May 16 - China caps capacity at coal mines at risk for 'bumps'
China's National Coal Mine Safety Administration said it has set a production cap of 8 million tonnes of coal a year for each mine deemed to be at risk from so-called "bumps". As part of the measure to improve safety, capacity expansion on such mines will also be banned once they are in operation, the safety watchdog said in a statement on Wednesday.

May 16 - Lack of mine supply growth highlighted by Copper Study Group: Andy Home 
The refined copper market will experience supply shortfalls both this year and next, the International Copper Study Group (ICSG) says. The group has in fact lifted its 2019 deficit assessment to 189,000 tonnes from a forecast 65,000 tonnes at its last biannual meeting in October 2018. Next year's deficit is expected to be wider at 250,000 tonnes.

May 16 - Trump administration opens up Minnesota wilderness area to copper mining 
The U.S. Interior Department on Wednesday renewed two long-mothballed leases near the Boundary Waters Wilderness area in Minnesota, a key step in opening up the popular wilderness and recreation area to copper mining despite heavy opposition from local and national conservation groups. The department's Bureau of Land Management granted the hardrock mineral leases inside the Superior National Forest to Twin Metals Minnesota LLC, a subsidiary of Chile's Antofagasta, with the aim of expanding domestic mining of "critical minerals" used in common appliances and products, saying it is beneficial to national security because it reduces foreign imports.

May 16 - Chile's Codelco strikes labor deal with supervisors at Salvador mine
State miner Codelco, the world's top copper producer, said on Wednesday that it had agreed on a new labor contract with the union of supervisors at its small Salvador mine in northern Chile. The union and company had entered into a government mediated negotiation earlier this month after supervisors rejected the company's previous offer and alleged that Codelco was putting undue pressure on its workers to accept the deal.

May 16 - Zimbabwe platinum mines to ride out power cuts, gold output less secure 
Power imports are cushioning platinum mining companies against Zimbabwe's worst blackouts in three years, but gold mines could face production cuts as they continue to rely on an unstable national grid, industry officials said. State utility ZETDC this week started indefinite rolling power cuts lasting up to 10 hours per day, blaming low water levels at the dam that supplies the biggest hydro plant and creaking infrastructure at ageing coal-fired generators.

May 16 - Lithium Americas names new CEO, quarterly loss shrinks
Lithium Americas Corp, which is developing lithium projects in Argentina and Nevada, said on Wednesday that its quarterly loss shrank as costs fell and sales rose, and that its chief executive would retire. The company is one of a handful of junior miners around the world working to develop mines for lithium, a key metal used to make electric vehicle batteries.

May 15 - China April steel output climbs to monthly record, stoked by firm profit margins 
China's crude steel production rose 12.7% in April from March to its highest monthly level on record, official data showed on Wednesday, bolstered by firm demand and good profitability in steelmaking. The world's top steelmaker churned out 85.03 million tonnes of crude steel last month, up from 80.33 million tonnes in March and 76.7 million tonnes at the same time last year, data from the National Bureau of Statistics (NBS) showed.

May 15 - Mexico says deal to repeal U.S. steel tariffs could be close
Mexico is closing in on a deal to repeal U.S. President Donald Trump's punitive tariffs on steel and aluminum, a senior Mexican official said on Tuesday, potentially moving a step nearer to the ratification of a major trade deal struck last year. "We are, I think, close to negotiating the lifting of the tariffs," Mexican Economy Minister Graciela Marquez told Canadian broadcaster CBC after meeting with Canadian Foreign Minister Chrystia Freeland in Toronto.

May 15 - China April aluminium output grows 3.9% on year as smelters restart
China's aluminium output rose from the previous month to its third-highest daily rate on record in April, according to Reuters calculations based on official data, as smelters ramped up production to cash in on higher prices. The world's top aluminium producing country churned out 2.92 million tonnes of the metal last month, the National Bureau of Statistics said on Wednesday. That was up 1.4% from 2.88 million tonnes in March, which saw the end of winter restrictions on output aimed at curbing pollution, and was up 3.9% year-on-year, the bureau said.

May 15 - U.S. leaves rare earths, critical minerals off China tariff list 
The United States has again decided not to impose tariffs on rare earths and other critical minerals from China, underscoring its reliance on the Asian nation for a group of materials used in everything from consumer electronics to military equipment. The minerals are set to be among the few items spared from U.S. tariffs in an escalating trade war with China, which is by far the world's biggest producer of rare earths.

May 15 - Barrick Gold prepping sale of Zambian copper mine in H2 - sources 
Barrick Gold Corp, the world's second largest bullion miner, is preparing its Zambian copper mine Lumwana for sale in the second half of 2019, looking to target Chinese buyers, three sources with knowledge of the matter said. Fresh from two major deals in recent months, Barrick has said it plans to shed $1.5 billion of less productive mines, which have little expansion potential.

May 15 - Aurubis confirms bleak profit outlook on lean markets, shutdowns 
Aurubis AG, Europe's largest copper producer, on Wednesday confirmed a reduced full-year earnings forecast on weak market environment and plant shutdowns, while posting a slump in its quarterly earnings. Aurubis expects operating pre-tax earnings (EBT) in its 2018/19 fiscal year to fall "significantly" by more than 15% compared with the previous year. The copper producer in February had forecast full-year operating EBT to be "moderately lower".

May 15 - Rothschild withdraws from advising Adani on Australia coal project 
Rothschild & Co has decided not to advise India's Adani in the financing or development of the $4 billion Carmichael coal mine in Queensland, Australia, a letter from the bank to an environmental group said. The bank is also not advising the firm on the planned sale of stake in the Abbot Point Coal export terminal, said the May 12 confidential letter to Friends of the Earth, France.

May 15 - Livent aims to boost lithium sales to EV sector by 2020 
Livent Corp aims to derive more than half of its lithium sales from the electric vehicle industry by next year, a shift for a company that historically has supplied the white metal for use in greases and other industrial products, its chief executive said Tuesday in an interview. Philadelphia-based Livent has struggled in recent months to retain some customers and offset gyrations in the price of lithium it produces. While the company's lithium is used in Tesla Inc vehicles, Livent has not expanded into the automotive space as rapidly as some peers have.

May 15 - India fears US-China trade war will lead to dumping of Chinese steel-sources
India fears China could soon start flooding excess steel into its market after the United States raised tariffs on Chinese products due to the escalating trade war between the world's two largest economies, according to three government sources and four industry officials. As a result, the Indian steel industry has asked the Indian government to put in so-called safeguard duties of as much as 25 percent to protect it from growing imports. These would be imposed on steel that the government determines has been dumped in India at prices below the cost of production.

May 15 - Brazil's Vale says may expand Carajas Serra Sul mine, doubling output
Brazilian miner Vale SA said on Tuesday it is considering doubling the output of its Carajas Serra Sul iron ore mine in the northern part of the country after 2020, saying the move would allow it to cut the use of tailings dams. One such dam, used to store the muddy, toxic mining debris, collapsed in late February, killing more than 230 people.

May 15 - BHP to keep Nickel West, Rio looks to Jadar lithium for battery boom 
Global miner BHP will hold on to the Australian nickel operations it previously put up for sale, while Rio Tinto is working on copper and lithium projects as the mining industry bets on demand for electric vehicle (EV) batteries. The biggest mining companies say they are well positioned to provide the metals needed for the shift to EV technology, although they acknowledge the political risks and environmental issues in some of the countries where the best supplies are found.

May 14 - U.S. faces hurdles in push to build electric vehicle supply chain
The United States faces stiff challenges as it moves to create its own electric vehicle supply chain, industry analysts say, with the extent of the country's metal reserves largely unknown and only a few facilities to process minerals and produce batteries. Legislation making its way through the U.S. Congress aims to help offset those gaps, but China remains the global EV sector leader, a dominance seen by some as difficult to supplant.

May 14 - Norsk Hydro looks to master magnetism to keep carbon promise  
In the cavernous chamber of Norsk Hydro's aluminium smelter on the Norwegian island of Karmoey, the magnetic forces are so strong they make heavy iron wrenches float out of the hands of workers. The company is piloting a technology that tames the effects of that powerful magnetic field, which is a consequence of the electrolysis process to make aluminium and leaches away energy.

May 14 - Aluminium giant Rusal says Q1 profit drops 44% in aftermath of U.S. sanctions 
Russian aluminum giant United Company Rusal on Tuesday said its first-quarter net profit fell about 44%, hit by the lingering effects of U.S. sanctions and weaker aluminum prices. Recurring net profit for the three months to March 31 fell to $300 million from $531 million at the same time last year, Rusal said in a statement to the Hong Kong bourse.

May 14 - Oversupply looms over investor bets on platinum rebound
Investors have poured cash into bets that platinum prices will revive after a decade of declines, but excess supply is likely to keep a lid on gains. Once the precious metal with the highest price tag, worth more than $2,000 an ounce in 2008, platinum has plunged below palladium and gold.

May 14 - Australia's Pembroke wins govt approval for $700 mln coking coal mine
Privately held Pembroke Resources on Tuesday won approval from Australia's Queensland state to develop a $700 million coking coal mine, as it pushes to tap strong demand for the steelmaking ingredient in Asia. Construction is due to start next year, with the company looking to begin negotiating contracts soon for supplies of coal from the mine, Chief Executive Barry Tudor told Reuters.

May 14 - Investors, autos to fuel platinum deficit in 2019 - Johnson Matthey
Soaring investment demand will create platinum shortages in 2019, while the palladium market will see a deficit for the eighth consecutive year due to robust demand from the auto sector, specialist materials firm Johnson Matthey said. In a report produced at the start of Platinum Week in London, Johnson Matthey forecast a 127,000-ounce platinum shortfall this year, after surpluses of 372,000 and 44,000 ounces in 2018 and 2017 respectively.

May 14 - Poland to hold high-level talks on Prairie Mining coal projects dispute - sources
Poland's prime minister and other government officials will meet on Tuesday to discuss a threat by Australia's Prairie Mining to sue Warsaw over difficulties it faced in developing coal projects, three sources familiar with the situation said. Prairie Mining, which has been developing two mines in Poland, said in February that it had notified the Polish government about an investment dispute and that it had the right to take the case to international arbitration if it could not be resolved amicably.

May 14 - Zimbabwe faces worst power cuts in 3 years, mines hit 
Zimbabwe's state power utility imposed the worst rolling blackouts in three years on Monday, with households and industries including mines set to be without electricity for up to eight hours daily. The power cuts could stoke mounting public anger against President Emmerson Mnangagwa’s government as Zimbabweans grapple with an economic crisis that has seen shortages of U.S. dollars used as the official currency, fuel, food and medicines as well as soaring inflation that is eroding earnings and savings.

May 13 - Palladium's price gap over platinum needs to shrink – Nornickel
The price gap between palladium and its sister metal platinum needs to shrink as number one platinum producer South Africa requires a higher price for the metal to keep investing in new supply, Russia's Norilsk Nickel said. Norilsk is the number one producer of palladium, accounting for more than 40 percent of global output, and is also a leading supplier of platinum. Both metals are used to curb harmful emissions from cars.

May 13 - Palladium to narrow annual deficit in 2019, platinum surplus grows - Metals Focus 
Palladium will narrow its deficit to 574,000 tonnes in 2019 from 821,000 tonnes last year while platinum's surplus is seen nearly doubling to 630,000 ounces, research group Metals Focus said on Monday. Palladium, used to reduce emissions in petrol cars, will record its eighth year of deficit, driven by tighter emissions standards that require a higher loading of the metal in catalysts and higher demand for cars powered by gasoline in Europe.

May 13 - Back on the menu: Chinese steel mills regain taste for high-grade iron ore 
Chinese steelmakers are regaining their appetite for high-grade iron ore despite record-high ore prices, mill managers and traders say, as recovering profit margins spur plants to seek efficiency gains and ramp up output. Steel firms had been forced to slash input costs through switching to low-quality ore in late 2018 as steel margins dived amid record output. A sharp surge in iron ore prices in early 2019 - sparked by a catastrophic tailings dam failure at a Vale SA mine in Brazil - also fuelled that switch.

May 13 - Germany's Thyssenkrupp agrees restructuring approach with labour leaders 
Management and labour leaders at Germany's Thyssenkrupp have agreed on a way forward after the industrial conglomerate announced a fresh restructuring drive that could lead to the loss of 6,000 jobs. Agreement was reached in talks between management and workers overnight on recognising the need for radical action, whilst ensuring fair treatment of employees at the Essen-based group, both sides said.

May 13 - Differing outlooks will reinforce zinc and lead divergence: Andy Home 
Zinc and lead may be so-called "sister" metals but their price divergence has rarely been wider. At one stage last month London Metal Exchange (LME) zinc commanded a premium of $1,003 per tonne over lead, the widest pricing gap in 12 years.

May 13 - LME appoints first chairwoman in its history 
The London Metal Exchange (LME) has appointed Standard Chartered and ConocoPhillips board member Gay Huey Evans as its new chairwoman, the first in its 142-year history. Evans, who is also on the board of Itau BBA International and has previously worked at Citi, Barclays Capital and the UK's Financial Services Authority, will replace Sir Brian Bender in December.

May 13 - Speculators raise net long positions in COMEX gold - CFTC
Hedge funds and money managers raised their net long positions in COMEX gold in the week to May 7, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. The speculators also increased their net short position in silver and upped their bearish stance on copper during the week, the data showed.

May 13 - Livent executives to exit after lithium forecast slashed 
Livent Corp said on Friday that two senior executives were leaving to pursue other opportunities, coming just days after the lithium producer cut its 2019 forecast and warned that demand was slipping for a version of the white metal it produces. Philadelphia-based Livent said Chief Growth Officer Thomas Schneberger would leave at the end of the month and that Rasmus Gerdeman, head of strategy and investor relations, has already left.

May 10 - Brazil's Vale to spend $2.5 bln on technology to prevent mining dam disasters 
Brazil's Vale said on Thursday that it plans to invest $2.5 billion over the next five years in technology that removes the need for tailings dams, the waste facilities responsible for two deadly mining disasters in the past four years. The funds will be mainly used to convert Vale's Carajas mining complex in northern Brazil to disposing of 100 percent of its tailings through dry processes, Vale's director of ferrous planning and development, Fabiano Carvalho Filho, said in an email response to questions from Reuters.

May 10 - Financing deals, deficit to buttress physical aluminium prices 
Aluminium tied up in financing deals and collateral for loans, shortages and inventory draws will sustain prices in the physical market even as funds expecting sluggish demand sell derivatives. Financing deals involve buying aluminium now and selling it forward for a higher price and profit after storage and interest costs have been deducted. These deals are often on a monthly basis and rolled over, but traders say some recent deals go out to December 2019 and March 2020.

May 10 - Albemarle touts new project to boost its Chilean lithium output by 30 percent 
Albemarle Corp said on Thursday it is moving forward on a project it claims will boost its Chilean lithium production by 30 percent without extracting more brine from the environmentally sensitive Salar de Atacama, the world's driest desert. The company, the world's largest producer of the white metal used to make electric vehicle batteries, has teased the industry for more than a year that it has production-enhancing technology. The lack of details, though, has irked some investors and Chilean authorities.

May 10 - Iran says U.S. sanctions on Iranian metals "against international norms" - ISNA
U.S. sanctions on Iranian metals are against international norms, Iran's foreign ministry spokesman said on Thursday, warning that Washington would be responsible for Iran's losses. "This U.S. measure is against the international commitments of this regime... It is against international norms ... The United States will be responsible for the caused losses," Abbas Mousavi was quoted as saying by the semi-official news agency ISNA.

May 10 - Steelmaker ArcelorMittal downbeat on main Europe market  
ArcelorMittal, the world's largest steelmaker, cut its forecast for demand in its main market Europe on Thursday after lower steel prices depressed earnings at the start of the year. The Luxembourg-based company, which makes about 6 percent of the world's steel, announced on Monday it was temporarily reducing European steel output by 3 million tonnes on an annualised basis due to weak demand and increased imports.

May 10 - Acacia Mining hits back at parent Barrick in Tanzania row 
Acacia Mining on Thursday hit back at parent company Barrick Gold Corp's allegation the miner was an obstacle to solving a long-running tax row in Tanzania. Barrick CEO Mark Bristow said in a results presentation on Wednesday that Acacia was not cooperating, prompting Acacia to demand clarification from Barrick.

May 10 - Australia's Aurelia Metals scraps talks to buy Glencore's CSA mine 
Aurelia Metals Ltd on Thursday said it was no longer in talks about a possible acquisition of the CSA mine in New South Wales, the second Australian miner since April to back off from plans to buy the Glencore Plc-owned copper mine. Last month, Aeris Resources Ltd said it was unable to reach an agreement with Glencore on its $575 million offer to buy the mine.

May 10 - Rio Tinto shipping more aluminium to Europe as U.S. demand slows 
Rio Tinto has begun shipping more aluminium to markets like Europe to offset slowing demand from the United States partly caused by the trade dispute between China and the U.S., Chief Executive Jean-Sébastien Jacques said on Thursday. Jacques said that demand for Rio Tinto's products had not been impacted by the dispute, which is threatening to escalate this week. 

May 10 - Brazil's CSN nears German unit sale, in talks for ore streaming 
Brazilian steelmaker Companhia Siderurgica Nacional said on Thursday it is still in talks for a $500 million iron ore streaming deal and is close to reaching an agreement to sell its German unit. In a conference call with analysts, Chief Executive Benjamin Steinbruch said he is pushing for the right price to sell the German unit, which is key to hitting a debt reduction target by the end of the year.

May 10 - AngloGold Ashanti plans to sell up in S.Africa 
AngloGold Ashanti Ltd will review divestment options for its Mponeng mine and other South African assets to focus on higher returns elsewhere, the South African gold miner said on Thursday. AngloGold employs around 6,000 people in South Africa where mining companies have faced volatile labour relations, rising costs, regulatory disruptions and technical issues.

May 09 - US targets Iran's metals for sanctions, Tehran relaxes nuclear deal compliance
U.S. President Donald Trump on Wednesday imposed new sanctions on Iran, targeting revenue from its exports of industrial metals, the latest salvo in tensions between Washington and Tehran over a 2015 international accord curbing the Islamic Republic's nuclear program. Iran had announced hours earlier that it was relaxing some restrictions on its nuclear program, steps that stopped short of violating the deal with world powers for now, but threatening more action if countries do not shield it from U.S. sanctions.

May 09 - Barrick seeks early-stage projects as it sells $1.5 bln of low-growth mines
Barrick Gold Corp, the world's second-largest gold producer, said on Wednesday it remained open to new investments, even as it plans to shed $1.5 billion of less productive mines. Fresh from two major deals in recent months, Barrick is seeking early-stage exploration projects, particularly in Canada, Chief Executive Officer Mark Bristow said in an interview.

May 09 - Rusal's political comeback powered by "green" aluminium: Andy Home
Political rehabilitation doesn't get much better. Just over a year ago Russian aluminium producer Rusal was hit with swingeing sanctions by the U.S. government. The company's owner, Oleg Deripaska, was accused of a litany of misdeeds by the Treasury Department's Office of Foreign Assets Control (OFAC), all of which he denied, and his sprawling industrial empire, including Rusal, was slapped with secondary sanctions.

May 09 - Big Four miners languish amid demand, ESG, capex concerns
The world's biggest diversified miners have yet to see their share prices reflect their role as providers of the minerals needed for a shift to a low-carbon economy. Mining companies provide minerals such as cobalt used in electric vehicle batteries and copper for increased electrification, and the sector's balance sheets are in rude health.

May 09 - Albemarle's lithium sales drop after Chilean rains
Albemarle Corp, the world's largest producer of lithium used to make electric vehicle batteries, posted a better-than-expected quarterly profit on Wednesday as surging sales of flame retardant chemicals offset a dip in lithium sales. The weakness in its lithium unit, which executives have repeatedly labeled as the company's future, was largely due to torrential January rains at the company's mines in Chile, which rely on evaporation ponds to produce the white metal.

May 09 - Steelmaker ArcelorMittal downbeat on key European market
ArcelorMittal, the world's largest steelmaker, cut its demand forecast for its key markets on Thursday and said it was facing the twin challenges of lower steel prices and reduced consumption in Europe. The Luxembourg-based company, which makes around 6 percent of the world's steel, announced on Monday that it was temporarily reducing European steel output by 3 million tonnes on an annualised basis due to weak demand and increased imports.

May 09 - AngloGold Ashanti to review divestment options for S.African assets
AngloGold Ashanti Ltd will review divestment options for its remaining South African assets in a bid to focus on higher returns, the South African gold miner said on Thursday. AngloGold employs around 6,000 people in South Africa where mining companies have faced volatile labour relations, rising costs, regulatory disruptions and technical issues.

May 09 - Vale iron ore output, sales slump after deadly Brazil dam burst
Brazil's Vale SA said on Wednesday that its iron ore production and sales slumped in the first quarter from a year earlier, reflecting the impact of the deadly collapse of a tailings dam at Brumadinho in late January. Iron ore output fell 11 percent to 72.87 million tonnes while sales of the commodity slid 22 percent in the three-month period to 55.416 million tons.

May 09 - Brazilian steelmaker Gerdau benefits from high prices, shares jump 4.6 percent
Brazilian steelmaker Gerdau SA on Wednesday reported quarterly results that showed it was still benefitting from high international prices amid a trade dispute between the United States and China, sending its shares up as much as 4.6 percent. The steelmaker reported net income of 453 million reais ($114.11 million), roughly flat from the same period last year, despite producing some 20 percent less steel. The company said the decrease was due to divestments of less lucrative operations in Chile, India and the United States.

May 09 - Acacia seeks clarification on North Mara dispute, production jumps
Acacia Mining Plc saw a surge in gold production in April thanks chiefly to a 54-percent rise in output from its disputed North Mara gold mine in Tanzania. Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania and had cut output by a third after the government banned the export of mineral concentrates in 2017.

May 08 - China iron ore imports fall to 18-mth low in April as Brazil shipments slide 
China's iron ore imports in April fell to the lowest level in 18 months as poor weather in Brazil, the country's second-biggest supplier, disrupted shipments and some production by miner Vale SA was halted after a mine accident. Arrivals of iron ore, a key steelmaking raw material, were 80.77 million tonnes last month, the lowest since October 2017, data from the General Administration of Customs showed on Wednesday. That compares to 86.42 million tonnes in March and 82.92 million tonnes in April 2018.

May 08 - China's April copper imports rise vs March, demand builds momentum for Q2 peak 
China's unwrought copper imports rose 3.6 percent in April from the previous month, according to data released by the General Administration of Customs on Wednesday, as demand gathered momentum at the start of the peak-consumption second quarter. Imports of unwrought copper, including anode, refined and semi-finished copper products into China, the world's top consumer of the metal, came in at 405,000 tonnes last month. That compares with 391,000 tonnes in March, although it was down 8.4 percent from 442,000 tonnes in April 2018.

May 08 - Chile copper mine production slides in first quarter - Cochilco 
Copper production at Chile's top mines dropped sharply in the first quarter of 2019, Chilean copper commission Cochilco said on Tuesday, amid a perfect storm of operational issues, heavy rains and falling ore grades at the largest deposits. Cochilco said world top copper miner Codelco saw output drop 17 percent from the same period in 2018 to 371,000 tonnes.

May 08 - China-U.S. trade war disrupting metal markets, sparking volatility -industry 
A trade dispute between China and the United States is the main issue causing volatility in metal prices and market participants are braced for stormy conditions to persist, industry sources said in Hong Kong this week. A swift deterioration in China-U.S. trade talks hit global financial markets this week as investors faced the prospect of an escalation rather than an end to a 10-month-old trade war between the world's two largest economies.

May 08 - New Norsk Hydro CEO to focus on profitability, review rolled products division
The incoming chief executive of Norsk Hydro will focus on improving the aluminium producer's profitability, aiming to present an improvement plan in the third quarter and review its rolled products division, the firm said on Wednesday. Hilde Merete Aasheim, previously the head of Hydro's primary metal division, on Wednesday takes over from Svein Richard Brandtzaeg as Hydro's new top executive.

May 08 - BHP faces $5 billion claim over 2015 Brazil dam failure
Anglo-Australian mining giant BHP is facing a landmark, $5.0 billion damages claim in England for being "woefully negligent" in the run-up to a 2015 dam failure that led to Brazil's worst environmental disaster, a lawsuit alleges. The claim, which will be largest group action to be heard in England, was served on the miner on Tuesday on behalf of 235,000 Brazilian individuals and organisations, including municipal governments, utility companies, indigenous tribes and the Catholic Church, according to law firm SPG Law.

May 08 - Gold glitters in India during key festival as prices dip 
Indians could buy at least 10 percent more gold during the annual Hindu and Jain holy festival of Akshaya Tritiya than a year ago, industry officials said, as a dip in prices prompted consumers to increase purchases. A rise in consumption by the world's second-biggest gold consumer could help global prices which are currently hovering near a 4-month low, but could widen India's trade deficit and put pressure on the rupee.

May 08 - ArcelorMittal to cut iron ore output, slash jobs in Bosnia 
ArcelorMittal will reduce output and cut 300 out of 800 jobs at its iron ore mines in Bosnia, the world's largest steelmaker said on Tuesday. Output will be reduced by a third to 1 million tonnes and the job cuts will be carried out from September, it said in a statement.

May 08 - India's Vedanta Q4 profit beats estimate on global zinc demand 
Indian miner Vedanta Ltd on Tuesday posted a better-than-expected fourth-quarter profit, helped by an increase in international demand for zinc. Rising global prices of metals such as zinc and copper have helped Vedanta fight challenges from mine shutdowns in India. Zinc prices climbed 14 percent so far this year, while copper is up 4.7 percent.

May 07 - Hong Kong exchange plans China metals expansion with warehousing pilot plan 
Hong Kong stock exchange Chief Executive Charles Li said on Tuesday the bourse was in official talks with Guangdong authorities on metals warehousing, a major step towards its long-held aim of expanding in mainland China. Li, head of Hong Kong Exchanges and Clearing Ltd (HKEX), has long wished for a China warehousing foothold to boost its London Metal Exchange (LME) franchise, but has faced reluctance from Chinese regulators concerned with protecting emerging domestic exchanges in the world's biggest consumer of metals.

May 07 - U.S.: China reneged on trade commitments, sparking Trump tariff hike 
China backtracked on substantial commitments it made during trade talks with the United States, prompting President Donald Trump to impose additional tariffs on Chinese goods slated to go into effect on Friday, top U.S. trade officials said on Monday. The swift deterioration in negotiations between the world's two largest economies hit global financial markets as investors faced the prospect of an escalation rather than an end to a 10-month-old trade war.

May 07 - Iron ore tugged between Brazilian supply shock, Trump's trade war: Russell 
Iron ore prices look increasingly caught between the bullish reality of lower supply from Brazil and the bearish possibility of weaker demand if President Donald Trump carries out his threat to ramp up his tariff war against China. The price action in the wake of Trump's Twitter threat on Sunday to ramp up tariffs on $200 billion of imports from China to 25 percent was indicative of iron ore's dilemma.

May 07 - Rio Tinto to buy autonomous mining truck fleet from Caterpillar 
Rio Tinto has agreed to buy a fleet of autonomous trucks and other mining equipment from Caterpillar for its new Koodaideri iron ore mine in Western Australia, it said on Tuesday. Caterpillar will supply a fleet of 20 autonomous 793F trucks as well as four autonomous blast drills for the mine, which Rio is developing for $2.6 billion with first production expected to start by the end of 2021.

May 07 - China's top coal province defies Beijing, allows new coke projects - ministry 
China's top coal and coke producing region Shanxi has relaxed environmental policies regarding its coking industry despite repeated orders from Beijing to curb production from coke plants, the Ministry of Ecology and Environment said on Monday. The MEE said the province had allowed and encouraged the expansion of coke capacity and had also fallen behind on a campaign to switch rural households to using gas rather than coal for heating.

May 07 - ArcelorMittal to shut Polish plant temporarily due to rising costs 
ArcelorMittal Poland said on Monday it planned to halt its blast furnace and steel plant in Krakow in September, due to rising carbon emission costs and surging power prices. ArcelorMittal did not say how long the shutdown would last at the Krakow furnace, which is in southern Poland. The company said this would partly depend on the situation in the steel market.

May 07 - Brazil's Vale says court halts Brucutu iron mining operations 
Brazilian miner Vale SA said on Monday that a court had ordered it to halt operations at its Brucutu iron ore mining complex, reversing a lower court decision that had allowed the mines activities to resume. Vale, which has fallen under intense scrutiny after a dam at another complex ruptured in January and killed hundreds of people, said its dams and other structures on the site have valid and current stability certifications.

May 07 - Sandvik eyes listing of specialty steel business 
Swedish engineering group Sandvik is considering listing its Materials Technology (SMT) business after announcing plans on Monday to separate it from the rest of the group. SMT, Sandvik's specialty steel business, has been seen as a spin-off candidate for many years, and has lagged far behind the group's main machining solutions and mining gear units in terms of both sales and profitability.

May 06 - Wesfarmers' soft bid for Kidman spotlights lithium's financing issues
Wesfarmers Ltd's bid for Australia's Kidman Resources undervalues the lithium miner, analysts said on Friday, reflecting the financing difficulties the sector faces even as electric car makers warn of raw material shortages. Wesfarmers offered a 47 percent premium for Kidman, which is developing the Mount Holland project in Western Australia through a joint venture with battery chemicals maker Sociedad Quimica y Minera de Chile S.A. (SQM).

May 06 - Trump blows up trade complacency, commodities to feel pain: Russell 
U.S. President Donald Trump has just given commodity markets a reminder that stormy waters can blow up quite quickly even if the voyage ahead was looking like smooth sailing. Investors were becoming complacent with the idea that the U.S.-China trade dispute was heading toward an eminently sensible and mutually beneficial resolution before Trump's latest Twitter outburst. Trump tweeted on Sunday that he will raise U.S. tariffs on $200 billion worth of Chinese imports to 25 percent from 10 percent on Friday, and threatened to targets hundreds of billions of dollars more in trade.

May 06 - Hong Kong exchange to launch dollar-denominated mini contracts for base metals 
The Hong Kong Futures Exchange (HKEX) plans to launch dollar-denominated mini contracts for six base metals in the coming months, the head of market development at the London Metal Exchange (LME) said on Monday. The standardised monthly futures contracts will reference LME prices and are being launched to "broaden access in the region for LME priced contracts", Robin Martin told an industry event in Hong Kong. They will be aimed at retail investors.

May 06 - Base metals give ground as manufacturing clouds darken: Andy Home 
It's been a bad week for Doctor Copper. London Metal Exchange (LME) copper slumped 3 percent on Wednesday and has slid further to a three-month low of $6,150 per tonne, last trading at $6,180. True, the move took place in something of a liquidity black hole with China and much of Europe on holiday this week, leaving the market prey to automated funds, which have been momentum-trading a rapidly deteriorating technical picture.

May 06 - ThyssenKrupp sees room for EU agreement on Tata Steel deal 
ThyssenKrupp said on Sunday it still saw scope for agreement with European antitrust regulators on a planned joint venture with Tata Steel despite a Financial Times report that Brussels was likely to block the deal. Tata Steel and ThyssenKrupp have proposed combining their steel operations in Europe to form the region's second-biggest steelmaker. However, the landmark deal has not yet been approved because of concerns about its impact on competition.

May 06 - Speculators switch to net long position in COMEX gold - CFTC 
Hedge funds and money managers switched to a net long position in COMEX gold in the week to April 30, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. The speculators also trimmed their net short position in silver and increased their bearish bets on copper during the week, the data showed.

May 06 - Zambia's finance minister says tax reforms needed to cut debt 
Zambia will pay off all outstanding legitimate VAT refunds, but plans to press ahead with a new non-refundable sales tax despite criticism from some businesses as it strives to cut debt, its finance minister said on Friday. The proposed tax change in Africa's second biggest copper producing nation has upset the mining community, which has said the country is deterring new investment it desperately needs.

May 06 - Singapore's SGX mulls triple listing of steel derivatives 
Singapore Exchange Ltd (SGX) is considering a triple listing of steel derivatives, aiming to offer investors easier access to the highly fragmented ferrous market via a single platform, a senior executive said. The listings would create a "virtual steel mill" designed to help investors gain exposure to market activity in China, the world's top steel producer and consumer.

May 06 - Five things to watch for during LME Asia Week 
LME Asia Week, London Metal Exchange's Hong Kong gathering of executives, traders and brokers, kicks off on Monday. Here are five themes attendees will be seeking information on over two days of seminars, meetings and receptions, before a black-tie dinner rounds off the annual event.

May 06 - U.S. seeks to challenge China's electric-vehicle supply chain dominance 
A U.S. senator plans to introduce legislation on Thursday to streamline regulation and permitting requirements for the development of mines for lithium, graphite and other electric-vehicle supply chain minerals, part of a plan to offset China's dominance in the space. While Tesla Inc, Volkswagen AG and other electric-focused automakers and battery manufacturers are expanding in the United States, they are reliant on mineral imports without a major push to develop more domestic mines and processing facilities.

May 03 - Tesla expects global shortage of electric vehicle battery minerals - sources
Tesla Inc expects global shortages of nickel, copper and other electric-vehicle battery minerals down the road due to underinvestment in the mining sector, the company's global supply manager for battery metals told an industry conference on Thursday, according to two sources. The company, a major minerals consumer, has rarely talked publicly about its views on the metals industry. Copper, nickel, lithium and related minerals are key components used to make electric-vehicle batteries and other parts.

May 03 - Five things to watch for during LME Asia Week
LME Asia Week, London Metal Exchange's Hong Kong gathering of executives, traders and brokers, kicks off on Monday. Here are five themes attendees will be seeking information on over two days of seminars, meetings and receptions, before a black-tie dinner rounds off the annual event.

May 03 - Gold poised for gains as global markets brace for turmoil - poll
A slowing global economy, stock market turmoil, delays to interest rate rises and potential U.S. dollar weakness are expected to boost average annual gold prices to their highest since 2013, a Reuters poll found. Gold will average $1,322 an ounce this year and $1,369 in 2020, the median forecasts returned by the poll of 34 analysts and traders showed.

May 03 - Mine versus lab: how green is your diamond?
Mined diamonds are less carbon-intensive than man-made, but their producers should use more green energy, according to a study commissioned by the natural diamond industry, highlighting tensions between the mined and lab-grown sectors. The U.S. Federal Trade Commission, which investigates allegations of deceptive advertising, sent warning letters to eight lab-grown diamond companies at the beginning of April. 

May 03 - Struggling junior miners woo investors to fund exploration projects
Junior miners, struggling to fund exploration as institutions seek lower risk and better returns from larger rivals and newer industries, sought to sell potential investors on projects on Thursday, with mixed success. The proliferation of index funds, sluggish gold price growth and a shift into cannabis and cryptocurrencies by risk investors has left junior miners short of funding.

May 03 - Brazil's Vale asks court for inspection firm documents on burst dam
Brazilian miner Vale SA, the world's biggest iron ore producer, has taken legal action to force a German inspection firm to provide documents on its services for the Brumadinho dam that could help to establish who was responsible for the disaster. TÜV SÜD audited the tailings dam before its collapse in January which killed nearly 300 people.

May 03 - British Steel seals deal to buy Ascoval plant in France
British Steel won approval from a French court to buy the Ascoval steel mill in northern France, in a deal that should help save jobs at the site and allow British Steel to expand in Europe as Brexit concerns weigh on its domestic market. The fortunes of the British steelmaker have recovered under private investment firm Greybull Capital, which specialises in turning around struggling businesses.

May 02 - Central bank binge buying fuels red-hot gold demand - WGC
Strategic buying by central banks helped push global gold demand up 7 percent in the first quarter of 2019, the World Gold Council (WGC) said on Thursday. Central banks seeking to diversify their reserves bought a total of 145.5 tonnes of gold over the January-March period, the WGC said in its latest quarterly demand trends report.

May 02 - Iamgold CEO expects more buyout deals in gold industry
The gold industry is likely to see an increase in buyout deals in the near future as miners fight to attract a shrinking pool of investment capital, the chief executive of Canada's Iamgold Corp said on Wednesday. The industry's buyout frenzy was sparked earlier this year when Barrick Gold Corp and Newmont bought Randgold Resources and Goldcorp, respectively, deals that created the world's two largest gold producers.

May 02 - Weddings, lower prices could lift Indian gold demand in June qtr - WGC
India's gold demand is expected to rise in the June quarter from a year ago due to a higher number of auspicious days for weddings and a fall in local prices ahead of a key festival, the World Gold Council said on Thursday. A rise in consumption by the world's second-biggest gold consumer could help global prices, currently hovering near a 4-month low, but could widen India's trade deficit and put pressure on the rupee.

May 02 - Wesfarmers bets on electric cars with $544 mln bid for Australian lithium miner Kidman
Australian retail conglomerate Wesfarmers Ltd offered A$776 million ($544 million) to buy lithium miner Kidman Resources Ltd on Thursday, its second bid in two months to deepen its exposure to high-tech minerals. The offer, which has the backing of Kidman's board and major shareholders, was pitched at a 47 percent premium to Kidman's last closing price and the stock soared to just below the A$1.90 offer price at the start of trade.

May 02 - Indian zinc miner sees output rebounding in 2019/20 financial year
India's Hindustan Zinc Ltd (HZL) (HZL), the world's second largest zinc miner, expects its output to grow in 2019/20 after a drop in the previous financial year, a senior executive said, a move that could put pressure on global prices. The company's refined zinc production fell 12 percent in 2018/19 to 696,000 tonnes due to the closure of its open cast mines, prompting a switch to underground mines. The company did not give a figure for the expected output rise in 2019/20.

May 02 - Australia's St George Mining in talks with Chinese battery maker
St George Mining Ltd is in talks with a Chinese battery manufacturer that is interested in buying a stake in the Australian nickel producer, Executive Chairman John Prineas said on Wednesday. The interest from the Chinese company, which Prineas declined to identify, underscores the massive appetite for minerals used to make electric vehicle batteries. Nickel is a key ingredient used to make battery cathodes.

May 02 - Copper to creep higher in coming months as China recovers - poll
Copper prices are expected to extend their rebound in coming months as recovering demand in top metals consumer China and mine disruptions create a larger than expected deficit, a Reuters poll showed. Benchmark London Metal Exchange copper bounced off an 18-month low touched in early January, climbing to a nine-month peak in mid-April, although the rally has faltered since then.

May 02 - As Canada's Lucara Diamond seeks new mines, tech fuels growth
Lucara Diamond Corp, which has recovered two of the largest diamonds in recent history, is turning to technology to ensure growth in an industry where new mine acquisitions remain elusive. For the Vancouver-based junior miner, that means using advanced technology like sorting based on atomic density to boost value from its Karowe mine in Botswana, and also diversifying away from mining into an online diamond sales platform.

May 02 - British Steel gets 120 mln pound state loan to cover EU carbon costs
Taxpayers will lend British Steel around 120 million pounds ($157 million) to enable Britain's second largest steelmaker to comply with the European Union's Emissions Trading System (ETS) and avert a fine. British Steel told the government earlier this year it would not be able to meet an April 30 deadline due to the absence of 2019 free permits, which have not been issued yet due to Brexit negotiations.

May 01 - China's metals imports robust despite macro doubts: Andy Home
Industrial metal markets are taking a breather as they await tangible evidence that China's latest stimulus package is feeding through to a flagging manufacturing sector. April's purchasing managers indices, weaker than expected but still just in expansion territory, mean the collective guessing game continues. 

May 01 - Newmont Goldcorp suspends payments to villages near Mexico's largest gold mine
Newmont Goldcorp Corp said on Tuesday it had suspended payments and social programs to workers, suppliers, and villages around its Mexico's largest gold mine in response to a blockade by a contractor and members of one of the 25 communities. Newmont Goldcorp on Monday suspended operations at the Penasquito mine because of the month-long blockade. 

May 01 - Australia iron ore exports rebound in April, but not enough: Russell
Australia's iron ore exports rebounded in April after being hit by a cyclone the prior month, but the surge in shipments wasn't enough to offset declining volumes from Brazil in the wake of January's tailings dam disaster. Australian exports were about 69.1 million tonnes in April, according to preliminary figures compiled by Refinitiv, based on vessel-tracking and port data.

May 01 - Vale minority shareholders elect independent member to board
Minority shareholders of Brazilian iron ore miner Vale SA succeeded in electing a representative to the board of directors at the company's shareholder meeting on Tuesday, a person who attended the meeting told Reuters. Independent member Patricia Bentes was elected under a new cumulative voting system instead of a single vote to approve all names proposed by controlling shareholders. 

May 01 - Agarwal votes against Anglo American board appointment
Billionaire Anil Agarwal voted against Anglo American's appointment of a new Brazilian board member, saying the focus should be on South Africa, in a clash between the company's biggest shareholder and the board. Marcelo Bastos, whose appointment as a non-executive director was announced in March, has more than 30 years of operational and project experience in mining, particularly throughout South America. He was backed by 74 percent of shareholder votes, Anglo American said in an email.

May 01 - Royalties for lithium to be set case by case in Chile - minister
Chile's mining minister Baldo Prokurica said royalties for the ultralight battery metal lithium would be set on a "case-by-case" basis from now on, using a negotiation model similar to that used with top producers in Chile's Atacama salt flat. State development agency Corfo struck deals with top miners SQM and Albemarle in previous years that set a sliding scale for royalties, depending on the price of the metal. 

May 01 - S.Africa's Sibanye shaft declared safe, miners brought to surface
South Africa's Sibanye-Stillwater said on Tuesday it had hoisted most of the miners from one of its Rustenburg mine shafts following concerns it had been damaged and would prevent 1,800 employees from surfacing. Sibanye said 1,500 miners out of the 1,800 that were working the shift had already been brought to the surface and the remaining miners were gradually being hoisted after an inspection confirmed it was safe.

Apr 30 - Glencore cuts 2019 copper production target
Commodities giant Glencore lowered its full-year production target for copper on Tuesday as it reported a 7 percent drop in first-quarter output for the metal, hurt in part by severe flooding in Australia. The mining and trading company said quarterly copper production slipped to 320,700 tonnes, while cobalt output jumped 56 percent in the same period.

Apr 30 - Aluminium's bull narrative is lost in the shadows: Andy Home
"This is a tangible, clear story which is really going to effect price, spreads and premiums". The story in question, according to Eoin Dinsmore, head of primary aluminium and products research at CRU, is a building supply deficit in the aluminium market.

Apr 30 - Chalco aluminium output drops in first quarter; profits rise
Aluminum Corp of China Ltd, known as Chalco, said in a data sheet sent to analysts that its first-quarter aluminium output fell by 6.9 percent year-on-year, underlining the impact low prices are having on its operations. Its aluminium output for January-March came in at 950,000 tonnes, down from 1.02 million tonnes a year earlier, said Chalco, listed arm of Chinalco, China's biggest state-owned aluminium firm, in the data sheet released on Tuesday and reviewed by Reuters.

Apr 30 - Newmont Goldcorp to suspend Peñasquito operations in Mexico due to blockade
Newmont Goldcorp Corp said on Monday it plans to suspend operations at its Peñasquito mine in Mexico due to a blockade by a trucking contractor and some members of the Cedros community. The open-pit mine, in northern Zacatecas state, produced 272,000 ounces of gold in 2018, company figures show. It accounts for about 17 percent of Newmont Goldcorp's net asset value, according to Scotiabank.

Apr 30 - Russia's Rusal Q1 VAP sales down 44 pct due to U.S. sanctions
Russian aluminium producer United Company Rusal Plc has reduced its first-quarter sales of value added products (VAP) by 44 percent from a year ago and by 22 percent from the last quarter of 2018 because of sanctions by the United States. Washington imposed the sanctions on Rusal, the world's largest aluminium producer outside China, in April 2018 but lifted them on Jan. 27 as company co-owner Oleg Deripaska reduced his stake after months of talks and several extensions of the deadline for sanctions to take full effect. 

Apr 30 - Norsk Hydro expects cyber attack costs of nearly $52 mln in Q1
Norsk Hydro said the March cyber attack that paralysed its computer networks would cost the aluminium maker up to 450 million Norwegian crowns ($52 million) in the first quarter. The Oslo-based firm, one of the world's largest producers of the light-weight metal, was forced to halt some production on March 19 and switch other units to manual operation after hackers blocked its systems. 

Apr 30 - Australia's Newcrest Mining qtr/qtr gold production hit by shutdowns at top mines
Australia-based Newcrest Mining Ltd's gold production in the third quarter came in about 5 percent lower than in the prior quarter, hurt by lower production at most of its operations, including its flagship Cadia mine. Total gold production for the country's largest independent gold miner for the three months ended March 31 came in at 623,124 ounces, compared with 575,791 ounces a year ago. Production in the December quarter was 654,849 ounces, Newcrest said on Tuesday.

Apr 30 - Vale board confirms interim head Bartolomeo as CEO
Brazilian miner Vale SA, the biggest iron ore producer, announced on Monday that its board has confirmed Eduardo Bartolomeo as the company's chief executive. Bartolomeo took over as interim head of Vale two months ago when his predecessor Fabio Schvartsman resigned after one of the company's mining dams burst in the Brazilian state of Minas Gerais in January, killing hundreds.

Apr 29 - China's iron and steel association warns on over-capacity, shrinking profits
China's Iron and Steel Association said on Sunday the industry faces ongoing risks from excess capacity, as well as sluggish demand and increased raw material costs that could squeeze profits. The country's sprawling steel sector, which has cut 150 million tonnes of steel production over the past three years, was "far from achieving it tasks" amid Beijing's supply-side reforms, the association said in an online statement.

Apr 29 - Vale shareholders push to loosen company control over board elections
Minority shareholders of Brazilian iron ore miner Vale SA have enough votes to request that board members be elected independently using a cumulative voting system and not in a single vote approving all names proposed by controlling shareholders, the company said in a filing. Broker Vic DTVM and fund Geracao Futuro Lpar proposed Patricia Bentes as an independent member, challenging a list of 13 candidates presented by the company's controlling shareholders.

Apr 29 - GAM whistle blower concerns focused on bonds sold by metals tycoon
A whistle blower at Swiss asset manager GAM Holding AG who alerted UK financial regulators last year did so over concerns about the purchase of more than half a billion pounds of bonds from commodities tycoon Sanjeev Gupta, according to two people familiar with the matter. The bonds related to a biodiesel-fuelled power generating business, the people familiar with the matter said. But the employee who brought his concerns to regulators believed the operation was unlikely to make enough money to repay the bonds partly because of the high cost of the fuel it planned to use, these people said. A Reuters analysis of corporate filings, regulatory documents and market data supports that view.

Apr 29 - Glencore shares fall as U.S. probes 'corrupt practices'
Glencore shares fell nearly four percent on Friday after news overnight U.S. regulators were investigating whether the miner broke rules through "corrupt practices". Shares of the FTSE 100 company, which have lagged other mining heavyweights this year, were down 3.6 percent at 310.05 pence by 1155 GMT. On Thursday, Glencore said the U.S. Commodity Futures Trading Commission was investigating whether the company and its units had violated some provisions of the Commodity Exchange Act and/or CFTC Regulations. 

Apr 29 - Canada to enact final tariffs for two types of steel
Canada said on Friday it would enact final special tariffs, called safeguards, to protect Canadian steel workers' jobs in the face of foreign steel being dumped on the Canadian market. The Department of Finance said that based on a Canadian International Trade Tribunal (CITT) report the government would enact final safeguards for imports on heavy plate and stainless steel wire. 

Apr 29 - Australia's Mt Isa zinc railway reopens to freight after February floods
A railway that carries zinc from major producers such as Glencore across Australia's outback has reopened to freight trains, the line's owner Queensland Rail said on Monday. The 1,000-km (620-mile) rail line was cut by floods in February and is used by miners including Glencore, MMG Ltd and South 32 to carry zinc and lead concentrate from the Mt Isa region to a port at Townsville.

Apr 29 - Guinea boosts power output to foster bauxite refining
Guinea expects to boost its energy production capacity by nearly four-fold over the next six years as it pushes mining companies to refine their bauxite output locally, the energy minister said on Friday. The West African nation, Africa's biggest producer of the aluminium ore, is in the midst of a mining boom that has seen bauxite output explode, mainly on the back of demand from China. It now accounts for more than half of China's bauxite imports.

Apr 29 - Deloitte quits as Ferrexpo auditor after charity inquiry, shares plunge
Deloitte quit as Ferrexpo's auditor on Friday, knocking its shares by more than 20 percent, days after saying it was unable to conclude whether the iron ore miner's CEO controlled a charity being investigated over its use of company donations. Blooming Land, which coordinates Ferrexpo's Corporate Social Responsibility (CSR) programme, came under scrutiny after auditors found holes in the charity's statements. 

Apr 29 - South Africa's AMCU union says it hasn't broken labour laws
South Africa's militant AMCU union said on Friday that it was complying with the country's labour laws, disputing a government notice which said it could be de-registered for breaking rules governing how unions should operate. The Association of Mineworkers and Construction Union (AMCU), one of the largest trade unions in South Africa's mining sector, has thousands of members at mines operated by companies including Sibanye-Stillwater and Lonmin.

Apr 26 - Glencore probed by U.S. CFTC for "corrupt practices"
Glencore Plc on Thursday that the U.S Commodity Futures Trading Commission (CFTC) is investigating whether the miner and its units may have violated certain regulations through "corrupt practices". The company said the investigations are at an early stage and have a similar scope in terms of subject matter as a current investigation by the U.S. Department of Justice.

Apr 26 - Freeport shares drop after quarterly profit misses expectations
Freeport-McMoRan Inc, the world's largest publicly traded copper producer, posted a lower-than-expected quarterly profit on Thursday due to slipping production and rising costs, sending shares down more than 8 percent. Freeport is in the midst of carrying out a $15 billion project to expand Indonesia's massive Grasberg copper and gold mine from an open pit to an underground operation, a complex and time-intensive process that is nevertheless essential to help Freeport stem an erosion in production.

Apr 26 - Going Dutch on clean energy? Polluters push for state to split the bill
In a meeting at the economic affairs ministry in The Hague late last year, Tata Steel's Dutch chief Theo Henrar pledged he would spend hundreds of millions of euros to cut factory emissions - on condition the government invested a similar amount. The proposal from the industrial giant, which has not been made public, comes against the backdrop of global wrangling between governments and corporations over who should foot the bill to ensure countries meet tough climate targets.

Apr 26 - Newmont Goldcorp profit beats on higher production as prices fall
Newmont Goldcorp, the world's biggest gold miner, reported a higher-than-expected first-quarter profit on Thursday, as a boost in gold production and lower costs countered lagging gold prices. At a time when easy-to-find gold reserves are dwindling, Newmont shored up its production pipeline through the $10 billion acquisition of Goldcorp Inc, which closed last week. 

Apr 26 - Tata Steel Europe unit fire under control, no major injuries
Tata Steel Ltd's Europe unit said on Friday a fire broke out at its Port Talbot site in South Wales but there were no major injuries and fire was now under control. The Port Talbot site, which dates back to the early 1900s, was acquired by Tata Steel as part of its acquisition of Corus in 2007.

Apr 26 - Lucara finds largest uncut diamond in recent history in Botswana mine
Lucara Diamond Corp has unearthed the largest uncut diamond in recent history in its Karowe mine in Botswana, the Canadian company said on Thursday, beating its own record discovery from November 2015 that it struggled to sell for nearly two years. The 1,758-carat diamond, larger than a tennis ball, weighs close to 352 grams (12.42 ounces), Lucara said in a statement. The stone is second in size only to the 3,106-carat Cullinan Diamond, recovered in South Africa in 1905.

Apr 26 - Bazil steel sector cuts output projections as economy, Vale weigh
A leading Brazilian steel institute cut its production forecast for the metal to a 2.2 percent rise in 2019 from 2.7 percent amid concerns over economic growth and cost increases after miner Vale's dam burst disaster. Institute IABr, which represents a sector made up of 30 steel mills, said on Thursday it now expects 2019 production of 36.03 million tonnes.

Apr 26 - S.Africa's Sibanye-Stillwater lowers valuation for miner Lonmin
South Africa's Sibanye-Stillwater on Thursday revised its offer for Lonmin, with new terms that gave a valuation for the struggling platinum miner that was about 60 million pounds ($77 million) less than originally proposed. Lonmin said Sibanye was offering an additional 0.033 Sibanye shares per Lonmin share in a deal to create the world's No.2 platinum producer. Sibanye had initially said in December 2017 that it was offering 0.967 new shares for each Lonmin share.

Apr 25 - First hybrid dump truck to cart copper at Codelco's El Teniente mine in Chile
The world's top copper miner Codelco has added its first hybrid dumptruck to its fleet at its El Teniente mine, the company said on Wednesday, in a global mining industry that is increasingly seeking to reduce its emissions and environmental footprint. The so-called Load-Haul-Dump truck, known as an LHD, built by Japanese equipment manufacturer Komatsu, is expected to boost productivity by 10 percent to 20 percent, Codelco said, while reducing emissions by upward of 25 percent.

Apr 25 - Global aluminium output flatlines as outages offset ramp-ups: Andy Home
Global aluminium production flatlined in the first quarter of this year, according to the International Aluminium Institute (IAI). A couple of long-running outages together with curtailments in Europe caused production outside China to dip 1.4 percent to 6.37 million tonnes in the first three months of 2019.

Apr 25 - China's Baosteel posts first quarterly profit drop since 2015, cuts revenue outlook
China's Baoshan Iron and Steel Co Ltd posted a 46 percent fall in net income in the first quarter from a year ago, its first drop in profit since 2015, and said it expects lower revenue in 2019 citing China's sluggish auto industry. The country's largest listed steel maker, also known as Baosteel, reported a net profit of 2.73 billion yuan ($406.21 million) in the first three months of 2019, a statement filed to Shanghai Stock Exchange showed late on Wednesday. That compared to 5.02 billion yuan in the same period in 2018. 

Apr 25 - Deep sea mining boss says new law could be adopted next year
China and a quest for battery minerals have injected momentum into a long U.N. process to agree a law on deep sea mining, which could be adopted by the end of 2020, if the political will exists, the head of the International Seabed Authority (ISA) said. So far the U.N. body, headquartered in Jamaica, has drawn up regulations on exploration, but not exploitation for international waters.

Apr 25 - Thyssenkrupp supervisory board to review breakup plans - sources
Thyssenkrupp's supervisory board plans to stress-test the viability of Chief Executive Guido Kerkhoff's plans to break up the steel-to-submarines conglomerate given changed market conditions, two people familiar with the matter told Reuters. Under fire from activist investors, Kerkhoff in September laid out plans to separate the company's elevators, car parts and plant engineering units from its materials trading and shipbuilding businesses. 

Apr 25 - Brazilian miner Vale files $2 bln lawsuit over Guinea project
Brazilian miner Vale SA said on Wednesday it has filed a lawsuit in the United States to force BSG Resources Ltd (BSGR) to pay it about $1.25 billion, as mandated by an arbitrator in a dispute over a joint venture in Guinea, plus interest and expenses. Earlier this month, Vale said an arbitration court in London had ordered BSGR to pay $1.246 billion.  The suit, filed in the U.S. District Court for the Southern District of New York, seeks payment of more than $2 billion when interest and expenses are taken into account.

Apr 25 - South Africa intends to de-register militant mining union AMCU
South Africa's labour registrar said he intended to de-register the militant AMCU trade union for breaking rules on how unions should operate, a move which could reshape the balance of power on the country's platinum belt. The Association of Mineworkers and Construction Union (AMCU), one of the largest trade unions in South Africa's mining sector, has thousands of members at mines operated by companies including Sibanye-Stillwater and Lonmin.

Apr 24 - LME to ban metal tainted by child labour or corruption
The London Metal Exchange (LME) could ban or delist brands that are not responsibly sourced by 2022 under an initiative launched on Tuesday to help root out metal tainted by child labour or corruption. But the LME, seeking to avoid overly punishing small mining brands to the benefit of larger miners such as Glencore, said it would not single out cobalt and tin for accelerated auditing.

Apr 24 - Gold worth billions smuggled out of Africa
Billions of dollars' worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East – a gateway to markets in Europe, the United States and beyond – a Reuters analysis has found. Customs data shows that the UAE imported $15.1 billion worth of gold from Africa in 2016, more than any other country and up from $1.3 billion in 2006. The total weight was 446 tonnes, in varying degrees of purity – up from 67 tonnes in 2006.

Apr 24 - Centamin reports better-than-expected Q1 gold output
Gold miner Centamin reported first-quarter production that exceeded its forecast and stuck to its annual output target as it ramped up drilling at its Sukari mine in Egypt. The company's output totalled 116,183 ounces of gold for the three months ended March 31, above its forecast range of 105,000 to 115,000 ounces.

Apr 24 - S.Korean steelmaker POSCO warns of rising costs after Q1 profit drop
South Korean steelmaker POSCO on Wednesday said its first-quarter operating profit slid 19 percent from a year earlier amid higher costs for raw materials, matching analyst forecasts. POSCO said it expected higher costs for materials and slowing demand for steel to crimp profitability this year, even as steel prices are expected to inch up.

Apr 24 - Antofagasta copper output rises as Centinela mine shines
Chile-focused copper miner Antofagasta Plc reported a 22.6 percent jump in first-quarter copper production, bolstered by better grades and output mainly at its Centinela mine, while keeping its full-year output forecast unchanged. The FTSE 100 company, majority-owned by Chile's Luksic family, said on Wednesday production rose to 188,600 tonnes in the first quarter of 2019 from 153,800 tonnes reported a year earlier. 

Apr 24 - Agnico bets on high grade gold as it digs in Canada's remote north
Agnico Eagle Mines is doubling down this year on Nunavut, Canada’s least developed territory, betting that the high-grade gold ores and slim competition there will offset the risks of digging in the remote location in the far north. For miners desperate to shore up reserves, the choice is often between safer jurisdictions with inhospitable geographies and easier-to-reach ores in politically challenging locations.

Apr 24 - China's Tsingshan expands plans for Zimbabwe steel plant
China's Tsingshan Holding Group has expanded its plans for a steel plant in Zimbabwe to include a power plant and a lithium concession, Zimbabwe's Mines Minister Winston Chitando said on Tuesday. President Emmerson Mnangagwa's government is trying to woo foreign investors, especially in mining, as part of efforts to revive an economy that suffered in the later years of Robert Mugabe's rule.

Apr 24 - BMW to buy cobalt direct from Australia, Morocco for EV batteries
German carmaker BMW will buy cobalt, a key component for electric vehicle (EV) batteries, directly from mines in Australia and Morocco to ensure they are not produced by child labour, an executive said on Tuesday. The announcement came as the London Metal Exchange (LME) launched an initiative under which it could ban or delist brands that are not responsibly sourced by 2022 to help root out metal tainted by child labour or corruption.

Apr 23 - China slams province for failing to curb polluting industries
China's environment ministry reprimanded provincial officials in Shandong, the country's biggest aluminium producing province, for failing to comply with policies to cut coal consumption and curb the growth of highly polluting aluminium output. Shandong has been a key part of China's efforts to curb pollution in the industrial north, but it has struggled to find cleaner forms of growth. Seven of the province's cities were set targets to cut smog over the winter, but only one - Jining - managed to do so.

Apr 23 - Russia's Severstal posts weaker Q1 profit as steel prices fall
Russia's Severstal, one of the country's largest steelmakers, said on Monday its first-quarter net profit fell 7 percent year-on-year to $428 million, hurt by lower steel prices and weaker sales. The company's first-quarter revenue fell 6.5 percent to $2.03 billion, it said, while earnings before interest, taxation, depreciation and amortisation (EBITDA) slid 6.1 percent to $663 million.

Apr 23 - Teck Resources quarterly revenue rises slightly
Canadian miner Teck Resources Ltd reported a slight rise in first-quarter revenue on Monday, helped by its energy business. Teck, which mines copper, zinc and gold, said its revenue rose about 0.5 percent to C$3.11 billion ($2.33 billion) in the three months ended March 31.  

Apr 23 - Tokyo Steel to keep prices steady in May for fifth month
Tokyo Steel Manufacturing Co Ltd, Japan's top electric-arc furnace steelmaker, said on Monday it would keep its steel product prices steady in May due to delays in some construction projects and higher local inventories. This is the fifth straight month the company kept prices unchanged for all of its steel products, including its main H-shaped beams. 

Apr 23 - JXTG declines to comment on Caserones copper mine sale report
JXTG Holdings, a Japanese oil refiner and miner, on Monday declined to comment on a media report that it is exploring the sale of its majority-owned Caserones copper mine in Chile. The Wall Street Journal said on Friday that JXTG is exploring the sale of Caserones, which could gain the company about $1 billion, citing people familiar with the matter.

Apr 18 - Australia's Fortescue pares annual iron ore shipments guidance after cyclone 
Iron ore miner Fortescue Metals Group Ltd on Thursday reported flat third-quarter iron ore shipments and joined other big miners in trimming its annual shipments forecast because of disruptions caused by a tropical cyclone. The world's no. 4 miner of the steelmaking commodity cut its fiscal 2019 shipments estimate to 165 million-170 million tonnes, down from 165 million-173 million tonnes.

Apr 18 - China's Tianqi taps 'safe choices' for board of top lithium miner SQM 
China's Tianqi Lithium Corp said on Wednesday it would nominate two Chileans and a U.S. businessman to the board of lithium miner SQM, candidates seen as 'safe choices' for the world's No. 2 lithium producer as it faces booming demand. Tianqi last year paid $4.1 billion for a near-quarter stake in SQM, as Chinese companies scoured the globe for the ultralight battery metal needed to ramp up Chinese production of electric vehicles.

Apr 18 - Australia's South32 Q3 coking coal output falls 37 pct on pvs qtr 
Australian miner South32 Ltd on Thursday reported a 37 percent fall in its third-quarter coking coal production compared to the second quarter, as its continues to focus on keeping down costs at its Illawarra operations. Production of coking coal or metallurgical coal, a key steel-making ingredient, fell to 990,000 tonnes during the March quarter from 1.6 million tonnes in the second quarter, but still beat a Goldman Sachs estimate of 784,000 tonnes.

Apr 18 - South Africa's Sibanye-Stillwater, AMCU seal wage deal 
A South African union agreed to a wage settlement with Sibanye-Stillwater on Wednesday, ending a five-month strike that has cost the precious metals miner more than $100 million in lost revenue. The Association of Mineworkers and Construction Union (AMCU) agreed to take a 5.5 percent pay rise for the first year and 5.5 percent or the consumer inflation rate, whichever is the greater, in years two and three, Sibanye said in a statement.

Apr 18 - Katanga names Glencore Coal's chief development officer for top job 
Katanga Mining Ltd, a unit of Glencore Plc, on Wednesday named Glencore Coal's chief development officer Jeff Gerard to the top job, taking over from Danny Callow. The appointment comes less than two months after Glencore, the world's biggest supplier of seaborne coal, said it would limit annual coal production capacity to current levels of about 150 million tonnes after discussion with its investors.

Apr 18 - Green economy good news for copper producers -Antofagasta chairman 
The global fight against climate change will boost demand for copper, a key metal used in the production of electric vehicles, Antofagasta chairman Jean-Paul Luksic said on Wednesday. Luksic, speaking to reporters at Antofagasta's Los Pelambres mine in north-central Chile, said the global "green economy" would put Chile, the world´s top producer of the red metal, at a strategic advantage over the competition.

Apr 18 - GFG Alliance outlines plan to consolidate Liberty's global steel assets 
GFG Alliance, a privately held conglomerate, said on Thursday it plans to integrate most of the mining and engineering businesses under its Liberty House unit into a single global steel business with assets across the UK, Europe and Australia. London-headquartered GFG, which is looking at possible stock market flotations for part of its business, said in a statement the consolidated business would include its UK steel and engineering assets, a steel plant and mines in Australia, and seven European plants it acquired from ArcelorMittal.

Apr 18 - Steelmaker ArcelorMittal to offer steel for Notre-Dame Cathedral restoration 
ArcelorMittal has offered steel for the restoration of Notre-Dame de Paris after a fire gutted the gothic cathedral's roof and destroyed its iconic spire, the steelmaker said on Thursday." The company ... will offer up steel to repair and rebuild the monument," ArcelorMittal said in a statement.

Apr 17 - China's March crude steel output climbs 10 pct y/y, boost from eased anti-smog curbs 
China's crude steel output grew 10 percent in March compared with the same month a year ago as mills ramped up operations amid a profit margin recovery and less stringent curbs on production in the country's anti-smog crackdown. Mills in the world's biggest market for the metal churned out 80.33 million tonnes last month, data from the National Bureau of Statistics showed on Wednesday, up from 73.98 million tonnes in March 2018.

Apr 17 - Global steel demand slows as China economy falters and trade war hits
Growth in global steel demand will weaken over the next two years because of slowing economies, sluggish manufacturing in China and the Sino-U.S. trade war, the World Steel Association (worldsteel) said on Tuesday. Demand growth will decline to 1.3 percent in 2019 and 1 percent next year, following 2018's 2.1 percent, the association said.

Apr 17 - BHP cuts iron ore production outlook after Australian cyclone
BHP Group , the world's biggest miner, joined rival Rio Tinto on Wednesday in cutting its forecast for iron ore output after a tropical cyclone, although analysts expect high prices to limit any impact on profits. Cyclone Veronica tore down the coast of Western Australia in March, hitting several iron ore export hubs, in a return of more turbulent weather conditions after several moderate years.

Apr 17 - Vale expects to resume Brucutu mine operations within 72 hrs - filing
Brazilian iron ore miner Vale SA said in a securities filing late on Tuesday that within 72 hours it expects to resume operations at the Brucutu mine, its largest in Minas Gerais state. Brucutu was shuttered in early February by request of Minas Gerais state prosecutors after a tailings dam burst in late January in the town of Brumadinho, killing hundreds of people. 

Apr 17 - China March aluminium output drops to lowest daily rate since Oct
China's aluminium production fell 3.6 percent on a daily basis in March from the previous two months to its lowest rate since October, according to calculations based on official data, pressured by winter curbs on industry and low prices for the metal. The world's top aluminium-producing country churned out 2.88 million tonnes of primary metal last month, up 3.4 percent year-on-year, according to data issued on Wednesday by the National Bureau of Statistics. 

Apr 17 - Zinc bears on the attack again after LME stocks rise: Andy Home
Zinc is coming under sustained attack from bearish funds. The trigger for the assault was Tuesday morning's London Metal Exchange (LME) stocks report, showing 10,625 tonnes of inflow into exchange warehouses. The London zinc price slumped from $2,867.00 per tonne to $2,821.50 in 30 minutes. It stabilised briefly before heading lower and was last around $2,815.00.

Apr 17 - Mining firm Hudbay says shareholder Waterton files lawsuit
Private equity firm Waterton Global Resource Management has filed a lawsuit against Canadian miner Hudbay Minerals Inc in a bid to stop it from soliciting proxies for its annual shareholder meeting in May. The lawsuit, filed at the Ontario Superior Court on Monday, escalates tensions between Toronto-based Hudbay and Waterton, which has blamed Hudbay's management for "abysmal" shareholder returns and "chronic underperformance," and has proposed five new independent board members, two of whom Hudbay has accepted. 

Apr 17 - Zambian miner Lumwana says higher taxes will have severe impact on business
Higher mineral taxes in Zambia will have a severe effect on Lumwana Mining Company's operations, driving its costs up, the copper miner's country manager, Nathan Chishimba, told journalists on Tuesday. Earlier this year, Africa's second largest copper producing country increased royalties and introduced a new 10 percent tax on miners when the price of copper exceeds $7,500 per tonne, prompting warnings it could tip many producers into the red.

Apr 16 - Canada's Lundin Mining still seeking assets after $1 bln mine purchase - CEO
Canada's Lundin Mining Corp is looking to buy more mining assets, Chief Executive Marie Inkster told Reuters on Monday, after the company announced its purchase of a Brazilian copper-gold mine from Yamana Gold Inc for more than $1 billion. The Toronto-based company is seeking a project where exploration is complete, which it can take over and build, Inkster said.

Apr 16 - Indian-owned coal mine a flashpoint for Australian election
On the main shopping street in the tropical north Australian city of Townsville, dotted with "For Lease" signs, Chrissa Alexion is adamant a planned $4 billion coal mine should be shelved because of its contribution to climate change. "It's madness," she told Reuters, on holiday from the Queensland state capital. "Jobs are really important but... where I come from in Brisbane, no one wants the mine to go ahead."

Apr 16 - Rio Tinto cuts FY iron ore guidance after cyclone hits Q1 shipments
Anglo-Australian miner Rio Tinto Ltd on Tuesday reported a 14 percent drop in quarterly iron ore shipments and cut its 2019 shipments estimate on disruption caused by a tropical cyclone that hit its export terminal in Western Australia last month. Rio, the world's No. 2 miner of the steelmaking material, cut its annual iron ore shipments estimate to a range of 333 million to 343 million from a range of 338 million to 350 million tonnes announced earlier.

Apr 16 - Russia's Rusal lands first U.S. investment since sanctions lifted
Rusal is making its first investment in the United States since Washington lifted sanctions against the Russian aluminium giant, teaming up with U.S. manufacturer Braidy Industries to build a mill in Kentucky. Rusal, the world's largest aluminium producer outside China, announced the deal in one of the main markets for the sector less then three months after it was removed from a blacklist. 

Apr 16 - Australia's Lynas posts 33 pct jump in Q3 rare earths output, amid takeover interest
Takeover target Lynas Corp Ltd on Tuesday reported a 32.5 percent rise in production of rare earths oxides during the quarter, as it fends off a takeover offer from retails-to-chemicals conglomerate Wesfarmers Ltd. Output of rare earths oxides (REO) in the quarter ending March 31 was 5,444 tonnes, compared with 4,110 tonnes produced lasta year.

Apr 16 - Rio Tinto warning may rupture mining industry into green and dirty: Russell
It's not quite yet pistols at dawn but Rio Tinto's polite warning to mining lobby groups that they have to acknowledge the threat of climate change is likely a sign that the industry will inevitably fracture into two camps. These factions could be described as the "green" miners, who produce the minerals essential for the transition from the age of oil to the age of electricity, and the "dirty" miners who remain trapped in coal and other minerals deemed unnecessary for a carbon constrained future.

Apr 16 - India gold smuggling slowed by election seizures of cash, bullion
India's gold smugglers have slowed their operations over worries their shipments will be caught up in seizures of cash, bullion, booze and drugs that are aimed at controlling vote-buying in the country's national elections, industry officials told Reuters. In India, political parties and their supporters often offer money or goods in exchange for votes. 

Apr 16 - Funds hold their fire on confused copper market: Andy Home
Funds have this year played copper from the short side and from the long side but with little success either way. They are now broadly neutral as they and everyone else try to work out where Doctor Copper is heading next.

Apr 16 - Trafigura Group set to take control of Nyrstar
Belgian metals and mining company Nyrstar's major shareholder Trafigura Group is set to take control of the company as part of a recapitalisation plan, Nyrstar said on Monday. Nyrstar said it would sell its operating group to a newly incorporated subsidiary, NewCo. As part of its recapitalisation, commodities trader Trafigura will be issued 98 percent share capital of NewCo. 

Apr 16 - Glencore's Katanga Mining unit resumes cobalt exports from DRC
Katanga Mining Ltd, a unit of Glencore Plc, said on Monday it resumed exporting and selling a limited quantity of cobalt from its Kamoto Project in the Democratic Republic of Congo (DRC). The company said in November it had temporarily suspended the export and sale of cobalt from the project after uranium was found in levels above the acceptable limit for export. 

Apr 16 - Iron ore shortage after Vale disaster hurting Brazil steelmakers -report
A decision by Brazilian mining company Vale SA to halt production at ten sites in Minas Gerais state following a deadly dam disaster has affected deliveries of iron ore pellets to clients, newspaper Valor Econômico reported on Monday, citing industry sources. Vale is trying to resolve the problem by bringing iron ore pellets produced in the northeastern state of Maranhão to clients in the southeast.

Apr 15 - Russia's Rusal, Braidy Industries to set up aluminium rolling mill in U.S.
Russian aluminium giant Rusal and U.S. manufacturer of aluminium alloys Braidy Industries plan to create a joint project to produce flat-rolled aluminium products in the United States for the U.S. automotive industry, Rusal said. Rusal, the world's largest aluminium producer outside China, is seeking expansion in one of the main markets for the sector less then three months after it was removed from a U.S. sanctions list. 

Apr 15 - Rio Tinto commits extra $302 mln for Resolution copper project, eyes EV market
Rio Tinto Ltd said on Monday it would invest an extra $302 million to develop its Resolution copper project in the U.S. state of Arizona, as it looks to expands output to meet the lucrative market for new energy vehicles. The funds will be used bank-roll additional drilling, ore-body studies, infrastructure improvements and permitting activities with the miner aiming to advance the project to the final stage of the permitting phase, it said in a statement to the Australian Stock Exchange.

Apr 15 - China's commodity imports look tepid, may be slightly warmer: Russell 
If you were looking for evidence that China's economy has lost momentum, you may be tempted to think that you've found it in the unimpressive growth, or lack thereof, in imports of major commodities in the first quarter. Customs data for the first quarter show only crude oil has recorded significant growth in import volumes in the first quarter, with copper data mixed and iron ore and coal dropping. 

Apr 15 - Chinese miner MMG says Peru's mine supplies restored, concentrate transport recommenced
Chinese miner MMG Ltd said on Monday that Las Bambas mine in Peru has progressively restored critical supplies and increased staffing levels over last week after indigenous communities ended a more than two-month blockade of a key highway. Concentrate transport to Matarani Port recommenced on April 13, the Hong Kong-listed group said.

Apr 15 - Norsk Hydro's earnings delayed by 5 weeks due to March cyber attack
Norsk Hydro, one of the world's largest aluminium makers, will postpone its first-quarter earnings report by more than a month as it struggles to recover from a March cyber attack, the company said on Friday. Hydro now aims to publish its results on June 5, five weeks later than planned, as it tries to gain access to administrative systems for reporting, billing and invoicing that were blocked by hackers demanding a ransom.

Apr 15 - Australia's Aeris Resources unable to agree with Glencore on copper mine buy
Australian copper producer Aeris Resources Ltd said on Monday it was unable to reach an agreement with Glencore on its $575 million offer to buy Glencore's CSA copper mine in New South Wales. Aeris Resources Executive Chairman Andre Labuschagne said it was "disappointing" that the acquisition could not be completed, but the miner would continue to focus on its Tritton copper operations.

Apr 15 - Speculators raise net long position in COMEX gold - CFTC
Hedge funds and money managers increased their bullish wagers in COMEX gold in the week to April 9, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. The speculators also upped their net short position in silver and switched to a net long position in copper during the week, the data showed.

Apr 15 - Bolsonaro says Brazil rainforest reserve may be opened to mining
Brazilian President Jair Bolsonaro said on Friday the country could open a vast reserve in the Amazon rainforest to mining, a move that his predecessor attempted before backtracking due to an international outcry by environmentalists. The National Reserve of Copper and Associates (Renca) occupies roughly 17,800 square miles (46,100 square km), an area slightly larger than Denmark, that is thought to be rich in gold, copper, iron ore and other minerals.

Apr 15 - Acacia Mining backs full-year production forecast
Acacia Mining Plc on Monday said it was confident in delivering its production forecast for the full year despite a production issue in the first quarter due to issues at its North Mara mine in Tanzania. The company, which is targeting total production of 500,000 ounces to 550,000 ounces, said it produced 104,899 ounces of gold in the first quarter - 13 percent lower than last year. 

Apr 15 - Polish lawmakers approve copper tax cut ahead of election
Poland's lower house of parliament, dominated by the ruling conservative Law and Justice (PiS) party, approved on Friday a 15 percent cut in the copper tax to allow more investment by state-run copper producer KGHM . The mining levy was introduced in 2012 by PiS's predecessors in an attempt to improve the state budget.

Apr 12 - China's March iron ore imports rise on easing production curbs 
China's iron ore imports rose in March after touching a 10-month-low in February, customs data showed on Friday, as steel mills replenished their inventory before winter production restrictions ended in April. Arrivals of the steelmaking raw ingredient came in at 86.66 million tonnes, according to a Reuters calculation based on data from the General Administration of Customs, up from 83.08 million tonnes in February and also up on 85.79 million tonnes in March last year. 

Apr 12 - China's Tianqi agrees truce in battle over Chilean lithium miner SQM 
China's Tianqi Lithium Corp has come to an agreement over the governance of Chilean miner SQM with key shareholder Pampa Group, easing away from hostilities over control of the world's second-biggest producer of lithium. Tianqi's $4.1 billion purchase of a 23.77 percent stake in SQM, which mines lithium used in electric vehicle batteries, went through in December, but the Chinese firm has faced push back from Pampa Group and its head Julio Ponce Lerou.

Apr 12 - Nickel shortage in view unless China-led projects in Indonesia succeed - analysts 
The global nickel market and its key growth sector, electric vehicle (EV) batteries, will face grave supply shortages unless key Chinese-led projects in Indonesia start up in a timely and cost-effective manner, analysts said on Thursday. The outlook, issued by delegates attending an industry gathering, comes after China's Tsingshan Group last year surprised the market with a low-cost estimate and short time frame to launch a $700 million high pressure acid leaching (HPAL) plant with partners on the Indonesian island of Sulawesi. HPAL is a process used to extract nickel from laterite ore.

Apr 12 - Copper industry to see more disruptions in 2019 -Antofagasta CEO 
The global copper industry will be rocked by more disruptions this year than in 2018, contributing to a supply deficit as demand for the red metal continues to grow, the top executive of Chilean miner Antofagasta told Reuters. Antofagasta CEO Ivan Arriagada said labor strife, extreme weather and unexpected project delays will knock as much as a million tonnes off the year's total copper production, versus 600,000 the previous year.

Apr 12 - Low stocks, low transparency; LME warehousing back in focus: Andy Home 
The London Metal Exchange (LME) is returning once again to the vexatious issue of its warehousing function. It has been five years since the exchange initiated a multi-pronged reform process to deal with the problem of long load-out queues in its physical delivery network.

Apr 12 - Indian demand surge drives silver consumption to three-year high 
Global silver demand rose 4 percent last year, chalking up its first increase since 2015 thanks to sharply higher consumption in India, with a supply fall creating a small deficit, an industry report said on Thursday. The world consumed 1,033.5 million ounces in 2018, up from 998.4 million ounces in 2017, according to the Silver Institute's World Silver Survey 2019, prepared by GFMS analysts at Refinitiv.

Apr 12 - Aurubis copper business hit by U.S-China trade war and Brexit 
The chief executive of Germany's Aurubis AG said uncertainty caused by the U.S-China trade war and Brexit had hit its copper products business but that long-term demand would be rescued by higher use in electric vehicles. The Hamburg-based company produces flat rolled products, cables and foils used in the automotive industry.

Apr 12 - Worried about nickel supply, China battery maker BYD welcomes JV discussions 
Securing enough nickel is a major worry for electric vehicle firms, an executive from Chinese electric car and battery maker BYD Co Ltd said on Thursday, adding that the company would welcome joint ventures that help guarantee supply. Nickel is one of several metals that are key components of electric vehicle (EV) batteries. A shift in battery chemistry towards higher nickel content, which would allow cars to go further on a single charge, is expected to boost demand further.

Apr 12 - Brazil steelmaker CSN expects 2019 to be "huge" - CEO 
After emerging from one of the most difficult periods in its history, 2019 is shaping up to be a bumper year for Brazilian steelmaker Companhia Siderurgica Nacional, chief executive Benjamin Steinbruch said on Thursday. “Expectations are huge,” the CSN boss said at a conference in New York, noting that the firm has cut costs and increased efficiencies.

Apr 11 - Gold refiners to get dedicated LBMA committee after complaints  
The London Bullion Market Association (LBMA) plans to create an official committee for gold and silver refineries, after some complained their interests were being ignored. The LBMA, which oversees London's $10 trillion-a-year gold market and sets standards for the world's biggest refineries, has tightened its rules on the sourcing of gold every year since introducing them in 2012.

Apr 11 - Brazil plans to charge Vale over deadly mine collapse - WSJ 
Prosecutors are planning to file criminal charges against Brazil's miner Vale SA and its employees over the collapse of a mine-waste dam in January that killed hundreds of people, the Wall Street Journal reported, citing the lead investigator. Investigators have gathered enough evidence to affirm that Vale employees involved in the mine operation knew the dam was unsafe, the report said, quoting Jose Adercio Leite Sampaio, the prosecutor heading the probe.

Apr 11 - From turbines to thermostats: Copper miners eyes high-tech demand 
Growing demand for smart thermostats, wind turbines and other high-tech devices is expected to keep copper the dominant material used in electrical components, industry players said, offsetting rising use of aluminum, a cheaper alternative to conduct electricity. That bodes well for the likes of Chilean producer Codelco, Rio Tinto Plc and other major copper miners, who are investing billions of dollars to bring new supplies of the metal online during the next 20 years.

Apr 11 - Codelco 'perfectly well' financed for next two years - board chairman 
Chile's Codelco, the world's biggest copper producer, is "perfectly well financed" for the next two years as it pushes forward with its largest-ever drive to revitalize its aging mines, Chairman Juan Benavides said on Wednesday. State-owned Codelco, which produces nearly one-tenth of the world’s copper, is set to shell out $40 billion in 10 years to overhaul its century-old Chuquicamata and El Teniente mines, among others.

Apr 11 - MMG sends supplies to Peru copper mine after villagers suspend blockade - source 
Chinese miner MMG Ltd has sent some supplies and personnel to its copper mine Las Bambas after protesters partially suspended their road blockades, a company source said on Wednesday, adding the mine was still producing concentrates. Las Bambas, which had been expected to produce about 400,000 tonnes of copper this year, has been unable to transport its copper to market since early February, when the indigenous community of Fuerabamba started blocking the company from using a road that crosses its farmland in a dispute over compensation.

Apr 11 - How China is upending copper scrap and why it matters: Andy Home 
Scrap accounts for a little less than a third of the global copper market but, according to Goldman Sachs, its impact on price has been "misunderstood or neglected" because of its opacity. The Wall Street heavyweight this month published "A Primer on Copper Scrap" - a sign that this previously hidden component of the supply chain is assuming ever-greater significance.

Apr 11 - Valcambi loses deal to refine Newmont's gold - sources
Swiss gold refiner Valcambi has lost a contract to refine around 4 million ounces of gold a year from Newmont Mining Corp, one of the world's biggest producers, five sources familiar with the matter told Reuters. U.S.-based Newmont put the contract up for tender last year and has split the business between three of Valcambi's rivals - Asahi in the United States and Argor-Heraeus and PAMP in Switzerland, the sources said.

Apr 11 - Copper producer KGHM may freeze more mines in Canada, U.S. - CEO 
Poland's KGHM, one of the world's biggest copper and silver producers, has no plan to sell its foreign assets but may freeze some in Canada or the United States if they require big investments, its chief executive said. State-run KGHM, which for many years had focused only on Poland, accessed Chilean, Canadian and U.S. metal deposits through its almost $3 billion purchase of Quadra FNX in 2012, the largest foreign acquisition by any Polish company.

Apr 11 - Dubai's DGCX launches mini-gold futures 
The Dubai Gold and Commodities Exchange plans to launch a mini-gold futures product in partnership with RAKBANK in the third quarter of this year, it said on Wednesday. The contract, which DGCX says is the region's first exchange-listed mini-gold product, was created to help smaller investors increase their exposure to the precious metals market, it said in a statement.

Apr 11 - China's Greatpower to start producing nickel sulphate by end-2019 - chairman 
Greatpower Technology Co, a Chinese supplier of chemicals for lithium-ion batteries, will start producing nickel sulphate from a plant in eastern China's Zhejiang province by the end of this year, its chairman said on Wednesday. Nickel sulphate, like the sulphate form of sister metal cobalt, is a sought-after ingredient in cathodes for batteries used in electric vehicles, for which China's is the world's biggest market.

Apr 11 - Portugal plans to open lithium licensing auction in May - minister 
Portugal hopes to launch an international auction of lithium exploration licences next month, with bidders expected to commit to building a local lithium refinery, the environment and energy transition minister said. Joao Matos Fernandes told parliament on Wednesday that eight regions had already been selected for the auction, with another one being studied.

Apr 11 - Anglo Asian's Azerbaijan gold output rises 5 pct in Q1 
Azerbaijan's leading gold mining company, Anglo Asian Mining, said on Wednesday its gold output rose five percent in the first quarter of 2019 to 17,245 ounces. London-listed Anglo Asian produces gold at Gedabek and other Azeri mines in a joint venture with the Azeri state in which the company holds 51 percent.

Apr 10 - Venezuela removes 8 tonnes of gold from central bank - sources 
Venezuela removed eight tonnes of gold from the central bank's vaults last week, and the cash-strapped socialist state is expected to sell the bullion abroad as it seeks to raise hard currency in the face of U.S. sanctions, a lawmaker and one government source said. With sanctions imposed by Washington choking off revenues from exports by state oil company PDVSA, President Nicolas Maduro's increasingly isolated administration has turned to sales of Venezuela's substantial gold reserves as one of the only sources of foreign currency. 

Apr 10 - Freeport plans no dividend hikes, M&A for 2 years to focus on Grasberg mine - CEO
Freeport-McMoRan Inc plans no dividend hikes, acquisitions or debt buybacks over the next two years as it focuses on expanding Indonesia's Grasberg copper and gold mine underground, its chief executive told Reuters on Tuesday. The strategy underscores Freeport's desire to keep Grasberg, one of the world's largest mines, the crown jewel of its operations even amid the complex task of excavating the largest underground mine ever developed at a cost of more than $15 billion.

Apr 10 - Peru villagers to suspend copper mine blockade for 2 days - community advisor 
The indigenous community of Fuerabamba in southern Peru voted on Tuesday to suspend its 2-month road blockade of Chinese miner MMG Ltd's Las Bambas copper mine for two days until the government visits the region on Thursday, an advisor to the community told Reuters. Fuerabamba villagers held an assembly on Tuesday to decide whether to accept a deal signed by their leader Gregorio Rojas and MMG over the weekend that would have ended the blockade in exchange for compensation from the company. 

Apr 10 - Malaysia environment groups, Lynas workers rally over rare earths plant 
Malaysian environmental groups and Lynas Corp workers held rival demonstrations in Kuala Lumpur on Wednesday over concerns about radioactive waste from the company's rare earths processing plant in the country. Following the rallies outside the country's parliament, both groups handed statements to government representatives over the plant's licence to operate, which is up for renewal in September.

Apr 10 - China to cap 2019 coal imports to help domestic producers 
China's government will cap coal imports this year at 2018 levels, four sources with direct knowledge of the matter told Reuters on Tuesday, to support domestic producers. The world's biggest coal consumer imported 281.23 million tonnes of coal in 2018 including thermal coal, coking coal and anthracite.

Apr 10 - METI forecasts Japan's April-June crude steel output to stay unchanged 
Japan's crude steel output for the April to June quarter is expected to stay flat from a year earlier despite solid local demand in the construction and manufacturing industries, the industry ministry said on Tuesday. The Ministry of Economy, Trade and Industry (METI) estimated crude steel output to be 26.57 million tonnes in the April to June quarter this year compared with 26.56 million tonnes a year earlier. The small gain follows three consecutive quarterly year-on-year declines.

Apr 10 - Rio Tinto says fire damages Pilbara iron ore operation 
Mining giant Rio Tinto said a fire had damaged a facility at one of its Pilbara iron ore operations, though there was no word on whether it would impact shipping of the mineral. The world's No. 2 miner of iron ore said a fire broke out on Saturday night in a screen house at its East Intercourse Island port operation in the Pilbara.

Apr 10 - Rio Tinto to join World Bank's green mining program 
Rio Tinto said on Tuesday it will join a World Bank initiative intended to help developing countries sustainably mine lithium, cobalt and other minerals critical to the global electrification trend. Rio's participation in the program, known as Climate-Smart Mining and set to launch in May, comes as miners face increasing pressure from investors and non-governmental organizations to make supply chains more sustainable while reducing climate impact.

Apr 10 - Chile´s Collahuasi copper mine expects to match 2018 record output this year - CEO 
Chilean miner Collahuasi this year expects to match its 2018 production of copper, an all-time high for the company, its top executive said on Tuesday. Collahuasi, majority owned by Anglo American and Glencore, is a copper mine located in northern Chile and among the world´s largest. Last year the mine produced 560,000 tonnes of copper, placing it among Chile´s top three producing mines.

Apr 10 - Antofagasta to stay put on dividend policy but will return cash to shareholders 
Chilean miner Antofagasta Plc will retain its dividend policy of paying out at least 35 percent of underlying net earnings but will pay out excess funds from the proceeds of sales to shareholders, its chief executive said. "If you look at the last three or four years, we have been distributing close to around 50 percent of net earnings. We are not going to change the policy; we think it has served us well through the cycle," Chief Executive Iván Arriagada said on the sidelines of a copper conference in Santiago.

Apr 09 - Wesfarmers reiterates Lynas offer, says could ease conditions
Australia's Wesfarmers Ltd said on Tuesday it is still interested in acquiring Lynas Corp Ltd and could table a less conditional bid for the only major producer of rare earth elements outside China. An initial offer of A$1.5 billion ($1.1 billion) by the retail-to-chemicals conglomerate was previously rebuffed by Lynas' board, which termed the deal "highly conditional". 

Apr 09 - Anglo American says tech overhaul to boost productivity by 30 pct
Anglo American, one of the world's top miners, says productivity could jump by as much as a third at its Chilean copper mines within three years as it rolls out new technologies, the head of the company's copper division said in an interview. Copper chief Hennie Faul said Anglo American was re-tooling its smaller, lower output El Soldado mine in central Chile this year for use as an experimental technology center, allowing it to conduct full-scale testing of new products and ideas in real-time.

Apr 09 - Community must approve deal to end blockade of Peru's Las Bambas mine - community head
The indigenous community of Fuerabamba in Peru will end its two-month-long road blockade of the Las Bambas copper mine only if a deal its leader struck with miner MMG Ltd is ratified in a village assembly, the community's president said on Monday. The community president, Gregorio Rojas, told Reuters by phone that villagers will meet on Tuesday morning to vote on the agreement. 

Apr 09 - Brazil tribal lands under new threat from farmers, miners
A decade after the Macuxi people won a bloody legal battle to expel rice planters from their reservation in a remote part of Brazil, their hold over ancestral lands has come under threat again from new right-wing President Jair Bolsonaro. The sprawling 1.7 million hectares (6,600 square miles) of savannah on the border with Venezuela — a reservation called Raposa Serra do Sol — is home to 25,000 native people whose main livelihood is raising cattle.

Apr 08 - Lynas reviews rare earths ore processing as Malaysia ups pressure
Rare earths miner Lynas Corp said on Monday it is considering initial ore processing near its Australian mine, as Malaysia stepped up pressure on the company already in the midst of a takeover struggle. Lynas, the world's only major producer of rare earths outside China, has been locked in a dispute with the Southeast Asian nation, which has told it to remove years of accumulated waste at its Malaysian processing plant in order to have its licence renewed.

Apr 08 - Copper producers gather; electric cars seen driving demand growth
Global copper producers are converging in Chile this week as tightening supply buoys prices, even as the industry grapples with declining ore quality, project delays and worries the U.S-China trade war may hit long-term demand. Despite these challenges, the industry is planning for substantial growth in the next decade thanks to an expected boom in production of electric vehicles, which use twice as much copper as internal combustion engines

Apr 08 - Indonesia battery-grade nickel plant awaits environmental nod- developer
Indonesia's first plant to produce battery-grade nickel chemicals is on track to start operations by 2020, though the project still needs an environmental permit that could take up to eight months to be approved, the developer told Reuters. China's Tsingshan Group and partners including GEM Co Ltd are building a $700 million high pressure acid leaching (HPAL) plant at the PT Indonesia Morowali Industrial Park (IMIP) on Indonesia's Sulawesi island, a nickel mining hub.

Apr 08 - United States sets sights on China in new electric vehicle push
U.S. government officials plan to meet with executives from automakers and lithium miners in early May as part of a first-of-its-kind effort to launch a national electric vehicle supply chain strategy, according to three sources familiar with the matter. While Volkswagen AG  Tesla Inc and other electric-focused automakers and battery manufacturers are expanding in the United States and investing billions in the new technology, they are reliant on mineral imports without a major push to develop more domestic mines and processing facilities. 

Apr 08 - Peru village agrees to end road blockades of MMG's Las Bambas mine
An indigenous village in Peru agreed to end its two-month road blockade of MMG Ltd's copper mine Las Bambas in exchange for a commitment from the company to pay it for transiting through its farmland, according to a document detailing the deal on Saturday. The road blockades by the community, Fuerabamba, should be lifted by Monday, the document said. 

Apr 08 - Apr 08 - Ethical investors ask miners to publish tailings dam details
Ethical investors working on a global standard for tailings dams have written to 683 listed resource companies, including major miners, asking for information to be made public within 45 days about every facility they control. The safety of dams used to store mining waste, known as tailings, has gain prominence after the collapse of a Vale tailings dam in Brazil in January killed an estimated 300 people.

Apr 08 - Speculators slash net long position in COMEX gold - CFTC
Hedge funds and money managers slashed their bullish wagers in COMEX gold in the week to April 2, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. The speculators also switched to a net short position in silver and reduced their net short position in copper during the week, the data showed.

Apr 05 - Goldcorp shareholders approve Newmont's $10 bln takeover offer 
Goldcorp shareholders approved Newmont Mining Corp's $10 billion takeover offer on Thursday, removing one of the last remaining hurdles to create the world's largest gold producer. While some Goldcorp shareholders had voiced concerns in recent weeks, in the end there was little push back against blessing the biggest-ever corporate takeover in the gold sector's history, according to Refinitiv data.

Apr 05 - How countries are getting tougher with mining companies 
A mix of political populism, higher commodity prices and the expectation electrification will spur demand for some raw materials has led resource-holding governments to change the rules for miners operating in their countries.  In most cases, governments are seeking to increase their share of profits, rather than all-out resource nationalism, although Mongolia has been trying to nationalise a stake in a copper mine.  The toughness is not universal.

Apr 05 - Norsk Hydro has April 12 court hearing on partly shut Brazil plant 
A Brazilian federal court has scheduled an April 12 hearing on the year-long production embargo at Norsk Hydro's Alunorte alumina refinery in Brazil, the Norwegian company said on Friday. The plant has operated at half of its capacity since February 2018 after a spill that led regulators and courts to restrict its output. 

Apr 05 - Australia's Port Hedland iron ore shipments to China slip 8 pct in March 
Iron ore shipments to China from Australia's Port Hedland terminal fell more than 8 percent in March from a month earlier, port data released on Friday showed. Iron ore shipments to China from the world's biggest iron ore port totalled 30.7 million tonnes in March, compared with February's 33.5 million tonnes, the Pilbara Ports Authority said.

Apr 05 - Mongolia lawmakers seek to rewrite Oyu Tolgoi deal 
A group of Mongolian legislators has recommended one of the agreements underpinning Rio Tinto's Oyu Tolgoi copper mine should be scrapped and another changed, adding to the giant project's political problems. The Gobi desert copper deposit promises to become one of Rio Tinto's most lucrative properties, but it has been subject to repeated challenges from politicians who argue the spoils of the country's mining boom are not being evenly shared. 

Apr 05 - Investors from Britain buy 50 pct of shares sold by Polyus shareholder 
Investors from Britain bought almost 50 percent of Polyus shares sold by the gold producer's controlling shareholder, according to deal bookrunner VTB Capital. Polyus said on Thursday that its controlling shareholder, Polyus Gold International Ltd (PGIL), had sold a 3.84 percent stake in the company via an accelerated bookbuilding (ABB). 

Apr 05 - Share price drop could change Thyssenkrupp's breakup plans - Deka 
The collapse in Thyssenkrupp's share price could necessitate changes to a planned breakup of the German conglomerate and even delay the move, a top-20 investor said. The group said last year it would spin off its capital goods units - elevators, car parts and plant engineering - effectively breaking itself in two under shareholder pressure to scrap a conglomerate structure. 

Apr 04 - Canada tribunal recommends tariffs for 2 types of steel, exclusion for others
The Canadian International Trade Tribunal (CITT) said on Wednesday that tariffs should stay on two types of steel originating from many countries other than the United States, and those on five other steel products should be lifted. The Canadian government had argued the special tariffs, called safeguards, were needed to protect local steel mills from a surge in imports from producers shut out of the U.S. market by President Donald Trump's metal tariffs.

Apr 04 - Thyssenkrupp workers want guarantees should Tata Steel deal dissolve
Steel workers at Thyssenkrupp expect substantial guarantees for jobs and plants even if a planned joint venture with India's Tata Steel falls apart, the head of Thyssenkrupp Steel Europe's works council said on Wednesday. The two companies last year agreed to combine their European steel activities, a move that would create the continent's second-largest steelmaker but still needs European Commission approval.

Apr 04 - Peruvian judge jails lawyers for 3 years over copper mine blockade
A Peruvian judge on Wednesday ordered three years of jail time for three lawyers representing indigenous villagers who have blockaded shipments from a massive copper mine operated by Chinese miner MMG Ltd. The ruling, which a lead prosecutor confirmed on television news channels, promises to further polarize a dispute between MMG and the Quechua-speaking village of Fuerabamba, in Peru's southern copper belt.

Apr 04 - Controlling shareholder of Russia's Polyus selling a 3.5 pct stake via ABB
The controlling shareholder of Polyus, Russia's largest gold producer, said on Wednesday it would sell a 3.5 percent stake in the company via an accelerated bookbuilding (ABB). The controlling shareholder is Polyus Gold International Ltd (PGIL), owned by Said Kerimov, son of Russian tycoon Suleiman Kerimov

Apr 03 - REUTERS TECHNICAL ANALYSIS Q2 OUTLOOK 2019 - WANG TAO
Oil and spot gold may extend gains moderately in Q2 before reversing the uptrend. Palm oil is expected to complete a corrective cycle by approaching a key resistance at 2,398 ringgit again.  Grains and cocoa are bullish, while base metals and the peaking spot palladium look very bearish. Special attention is drawn to dollar index which is poised to soar. To read the full report, click here.

Apr 03 - Major players Korea Zinc, Teck agree 67 pct jump in processing charge - sources 
Korea Zinc Inc and Teck Resources Ltd have agreed annual concentrate treatment charges of about $245 a tonne, 67 percent higher than last year, as mine supply ramps up, two industry sources said. The two companies are major players in the metals sector, and their agreement on yearly processing charges often establishes a benchmark widely used throughout the industry.

Apr 03 - Hydro's Norwegian aluminium plant faces months of reduced output 
Norsk Hydro said on Tuesday that it could take months to return its Karmoey aluminium plant in western Norway to full capacity after a power outage that cut production by about 10 percent. Hydro on Monday switched off 45 of the 288 aluminium cells at the plant's main production line, corresponding to about 27,000 tonnes of annual capacity, to help to stabilise operation of the remaining units.

Apr 03 - Iron ore prices shift structurally higher on Vale woes: Russell 
Iron ore prices in China reached a record high on Tuesday as market participants wrestled two dilemmas, namely the likely temporary weather-related disruptions from Australia and the rather more serious safety outages in Brazil. A major tropical cyclone hitting the main producing and shipping areas in the world's largest iron ore miner was always likely to boost prices, and indeed, markets largely responded as expected.

Apr 03 - Jewelers must say whether diamonds are mined or synthetic - U.S. FTC 
The U.S. Federal Trade Commission, which investigates allegations of deceptive advertising, has sent warning letters to eight companies to insist they distinguish in advertisements between diamonds from mines and those made in laboratories, it said on Tuesday. The FTC said it had found instances where the eight companies advertised diamond jewelry "without clearly and conspicuously disclosing that the diamonds are laboratory-created," according to the letter.

Apr 03 - U.S. finalizes duties on certain welded-pipe imports 
The U.S. International Trade Commission said on Tuesday American producers were being harmed by the import of certain large-diameter welded steel pipe from Canada, Greece, South Korea and Turkey, locking in duties on some of those products for five years. The ITC said in a statement line pipe from the four countries was harming U.S. makers and backed duties for such pipe from Korea, but not Turkey. It said structural pipe from Canada, Korea and Turkey was being dumped.

Apr 03 - Peru community rejects talks over copper mine blockade - indigenous leader 
An indigenous community in Peru that has blocked roads to Chinese miner MMG Ltd's Las Bambas copper mine has decided not to negotiate with the government further until the group's lawyers are freed from jail, the head of the community, said on Tuesday. The government had held a meeting with community leader Gregorio Rojas, in the capital Lima on Sunday and offered to terminate emergency measures authorizing the use of military force in the region in exchange for an end to the blockades. 

Apr 03 - Uganda seeks again to redevelop defunct Kilembe copper mine 
The Uganda government is making another attempt to reopen a defunct copper mine estimated to contain 4 million tonnes of ore, it said on Tuesday, and several international firms have expressed interest in the project. Once a major producer of copper and cobalt, Kilembe was abandoned by Canadian firm Falconbridge in the 1970s when Uganda's economy stagnated under the erratic leadership of dictator Idi Amin Dada.

Apr 02 - BHP says iron ore output to fall by 6-8 mln tonnes after cyclone; FY outlook under review 
BHP Group Ltd said on Tuesday initial estimates indicated its iron ore production would take a hit of about 6 million to 8 million tonnes after disruption and damage caused by tropical cyclone Veronica last week. The world's biggest miner said its 2019 financial year production and unit cost guidance are under review because of the cyclone which hit Western Australia.

Apr 02 - Russia's Rusal resumes aluminium supplies to U.S. market 
Russian aluminium giant Rusal has resumed supplies to the U.S. market and aims to win back customers it lost due to sanctions by about September when the industry seals supply contracts for 2020, its chief executive said.  Last autumn, Rusal, the world's largest aluminium producer outside China, missed the traditional window for contracting sales for this year as it was still negotiating with the U.S. Treasury Department to be removed from a sanctions list.

Apr 02 - Vale shares jump on iron prices despite losing certifications, asset freeze 
Brazilian miner Vale SA said on Monday it failed to obtain stability certificates for 13 dams under review following the rupture of another dam in January that killed hundreds, although its shares rose on strong global iron ore prices. The world's largest iron ore miner also disclosed in a securities filing on Monday that a court had frozen an additional 1 billion reais ($258.42 million) in assets over potential damages related to the evacuation of its Vargem Grande dam.

Apr 02 - Philippines steel consumption seen at record high in 2019 - industry group 
Steel consumption in the Philippines is likely to rise by 5-6 percent this year to a record 11.1 million tonnes as the country's economy continues to grow, the head of an industry group told Reuters on Monday. After rising just 2 percent in 2017 due to high prices, the nation's steel consumption jumped about 9 percent last year to a record 10.5 million tonnes, driven by public and private construction projects, said Roberto Cola, president of the Philippine Iron and Steel Institute in an interview.

Apr 02 - Perth Mint's gold sales jump 68 pct in March 
The Perth Mint said on Monday its gold products sales in March surged about 68 percent from the previous month, touching the highest level since November last year. Sales of gold coins and minted bars in March rose to 32,757 ounces from 19,524 ounces in February, the mint said in a blog post.

Apr 02 - Peru govt offers to end emergency measures in copper mine dispute 
The Peruvian government has offered to end emergency measures authorizing the use of force in a remote Andean region if indigenous protesters lift their blockades of roads to Chinese miner MMG Ltd's Las Bambas copper mine, the prime minister said on Monday. Prime Minister Salvador del Solar pitched the idea to Gregorio Rojas, the leader of indigenous community Fuerabamba, during negotiations on Sunday aimed at restoring road access to Las Bambas, one of Peru's biggest copper mines, his office said in a statement.

Apr 02 - Fortescue, Taiwanese partner approve $2.6 bln for stage 2 of iron ore project 
Fortescue Metals Group Ltd on Tuesday said its unit FMG Magnetite Pty Ltd and Taiwanese partner Formosa Steel IB Pty Ltd will spend about $2.6 billion to develop the second stage of a magnetite iron ore project in Western Australia. FMG Iron Bridge Ltd, in which the world's fourth-largest iron ore miner holds an 88 percent stake, will invest a total of $2.1 billion on the project.

Apr 02 - China's Ganfeng boosts stake in Argentina lithium project 
China's Ganfeng Lithium Co said on Monday it would spend $160 million to boost its ownership stake in an Argentina lithium project with Lithium Americas Corp, part of a plan to solidify its access to the white metal used to make electric vehicle batteries. The deal, which must still be approved by shareholders, will see Ganfeng boost its ownership in a joint venture that controls the Argentina project to 50 percent from 37.5 percent.

Apr 02 - ThyssenKrupp, Tata Steel offer concessions to allay EU concerns 
Thyssenkrupp and Tata Steel have offered concessions to address EU antitrust concerns about their planned steel joint venture, the European Commission said on Tuesday. The EU competition regulator, which did not provide details of the concessions, extended its deadline for a decision on the deal to June 5 from May 13.

Apr 02 - Australia's Jervois Mining buys Ecobalt Solutions for U.S. cobalt mine 
Australian cobalt developer Jervois Mining on Tuesday said it would buy out Canada-based Ecobalt Solutions Inc, for C$57.6 million ($43.29 million), to expand its geographical footprint into the United States. As part of the acquisition, each common share of eCobalt will be exchanged for 1.65 common shares of Jervois, representing an implied offer price of C$0.36 per eCobalt share, a near 11-percent premium to the Canadian company's last close.

Apr 01 - Global gold demand will rise to 4-year high in 2019 - Metals Focus
Global demand for gold in 2019 will rise to the highest in four years as higher consumption by jewellers offsets a fall in purchases by central banks, an industry report said on Monday. The world will consume 4,370 tonnes of gold this year, the most since 2015 and up slightly from 4,364 tonnes in 2018, consultancy Metals Focus said.

Apr 01 - Nippon Steel to bolster overseas business, focus on India
Japan's Nippon Steel Corp  is set to bolster overseas operations, especially in fast-growing India, to bypass growing nationalism and capitalize on growth abroad as it faces shrinking demand at home. "India is the fastest-growing market in the world and our investment on Essar's operations will be our key project for this year," said Nippon Steel's new president, Eiji Hashimoto.

Apr 01 - Rio Tinto cuts 2019 iron ore shipment outlook after cyclone
Rio Tinto on Monday cut its 2019 outlook for iron ore shipments from Australia's Pilbara region due to production disruption and damage caused by tropical cyclone Veronica, which hit Western Australia last week. The world's No. 2 miner of the steelmaking material said annual Pilbara shipments are now expected to be at the lower end of its previous guidance of between 338 and 350 million tonnes.

Apr 01 - Government officials call for output control at Chinese steel mills
Government officials and industrial experts in China are calling on the nation's steel mills to restrain output, as the flooding of products in the market severely dents profit margins in the sector. The world's No.1 steel maker produced 149.6 million tonnes of crude steel in the first two months this year, up 9 percent from same period in 2018 and accounting for 52 percent of the world's total, even though most steel mills closed for two weeks during the Lunar New Year in February.

Apr 01 - Chile's Codelco copper output drops in 2018, profits plunge
Chilean state miner Codelco produced slightly less copper in 2018 than the year before, the company reported on Friday, as it continued to contend with declining ore grades and rising costs at its aging mines. Chief Executive Nelson Pizarro said the company produced 1.678 million tonnes of copper at its own mines in 2018, down 3.3 percent from the previous year, and a total of 1.806 million tonnes, including production from its joint ventures at El Abra and Anglo American South.

Apr 01 - Protests at Chinese copper mine in Peru continue after local leader freed
Peruvian police on Friday freed the leader of an indigenous community that has blocked roads to a major copper mine, but hours later arrested his second-in-command, accusing him of running over police officers while driving drunk. The release of Gregorio Rojas, the president of the Quechua-speaking community Fuerabamba, had been a key demand of Fuerabamba villagers who have cut off access to Chinese miner MMG Ltd's  copper mine Las Bambas, halting its exports.

Apr 01 - Palladium crashes from record high, but there's still not enough metal
A spectacular rally that last week took palladium to record highs has hit the buffers, with the metal plummeting almost 15 percent in three days this week. But a gaping supply deficit will likely underpin prices despite signs that the market has become less tight. Used in vehicle exhaust systems to curb harmful emissions, palladium almost doubled to a record $1,620.52 an ounce on March. 21 from $832 in August last year.

Apr 01 - Audit of Russia's Rusal for compliance with U.S. deal was initiated by En+ - TASS
An audit of Russian aluminium giant Rusal on its compliance with the terms of a deal under which Washington agreed to lift sanctions on the company was initiated by its parent company En Rusal was quoted as saying by TASS news agency on Saturday. The audit is a one-off, TASS added, citing Rusal. A firm hired by the U.S. Treasury Department is auditing Rusal to check whether it is complying with the terms of the sanctions deal, Rusal told Reuters earlier this week.

Apr 01 - Sierra Gorda union agrees deal with KGHM to avert Chile copper mine strike
Polish miner KGHM and a union representing workers at its Sierra Gorda copper mine in Chile have come to an agreement over contract talks, the head of the union told Reuters, heading off the threat of a strike. Maykel Ocayo, president of Sierra Gorda's 520-member Union 1, told Reuters in a message that workers had voted on Saturday in favour of accepting an offer from the company with a roughly two-thirds majority. 

Apr 01 - Brazil's Vale proposes increase of board, more mining execs
Brazilian miner Vale SA has proposed enlarging its board by adding one independent member, according to a securities filing, two months after 300 people died in a mining dam operated by the company. One source close to controlling shareholders said the change is aimed at including more executives with previous experience in mining and sustainability issues.

Mar 29 - China's Chalco leapfrogs Rusal as 2nd-biggest listed aluminium producer
China's Chalco said on Friday it boosted annual aluminium output by 16 percent in 2018, putting it ahead of Russia's Rusal as the world's second-biggest publicly traded producer of the metal. The increase underscores China's growing dominance of the global aluminium market, as the world's biggest producer and consumer of the metal, although weak aluminium prices have already led to some production being shuttered this year.

Mar 29 - Australia is enjoying a windfall commodities boom, but it won't last: Russell
The good news for Australia is that it can expect a flood of cash from resource exports this fiscal year because of rising exports and relatively strong prices for iron ore, coal and liquefied natural gas (LNG). The bad news is this windfall is unlikely to be sustained for long, and export earnings are likely to fall in four of the five years after the current 2018/19 fiscal year.

Mar 29 - Rio Tinto declares force majeure on some iron ore contracts after cyclone
Rio Tinto on Friday it issued force majeure notices to some iron ore customers due to damage from tropical cyclone Veronica, which hit Western Australia earlier this week. A force majeure is invoked when a company tells a counterparty that it cannot perform an obligation under a contract due to circumstances outside of its control.

Mar 29 - Brazil's Vale slashes iron ore sales estimate after dam burst
Brazilian miner Vale SA on Thursday estimated selling up to 75 million tonnes less iron ore this year, after several mines were halted following its second deadly dam burst in less than four years. The estimate, which is 20 percent below its prior forecast, is the latest blow to Vale from the collapse at Brumadinho, which killed some 300 people and forced the world's largest iron ore exporter to fire its chief executive officer earlier this month.

Mar 29 - U.S.-hired firm audits Russia's Rusal for compliance with sanctions deal
A firm hired by the U.S. Treasury Department is auditing Russian aluminium giant Rusal to check whether it is complying with the terms of a deal under which Washington agreed to lift sanctions on the company, Rusal said. The audit is the first glimpse of how Treasury is policing whether Rusal and its parent company En+ are adhering to the deal - in particular the stipulation that Russian oligarch Oleg Deripaska's control over the business be severed.

Mar 29 - Australia's Wesfarmers hints takeover battle for Lynas not over
Australia's Wesfarmers Ltd remains keen on buyout talks with rare earths miner Lynas Corp Ltd, the retail-to-chemicals conglomerate said on Friday, despite its A$1.4 billion ($992 million) approach being rejected earlier this week. The comments foreshadow an intense takeover battle for the only proven producer of rare earth elements outside China, which has struggled with support from Malaysian regulators for a key processing plant located there.

Mar 29 - After sanctions lifted, Russia's Rusal boosts aluminium smelter capacity
Russian aluminium giant Rusal has launched new production at its Boguchansk aluminium smelter in Siberia on Friday, doubling its capacity to 298,000 tonnes a year. The new line, part of a larger project, is being started two months after Rusal was removed from a U.S. sanctions list. The world's largest aluminium producer outside China is now seeking to restore sales contracts to pre-sanctions levels. 

Mar 29 - Chile's Codelco to boost production at El Teniente copper mine
State-owned Chilean copper miner Codelco, the world's largest copper producer, expects output at its El Teniente mine to rise to more than 500,000 tonnes per year by 2025, according to a report from the company. The increase would position the mine, which produced 465,000 tonnes of copper in 2018, as one of the world's largest deposits.

Mar 29 - Russia's Nornickel to spend $1.4 bln on two expansion projects
Russian nickel and palladium producer Norilsk Nickel (Nornickel) said it will invest up to 90 billion roubles ($1.4 billion) over four years in two major projects in Russia. The projects - expansion and reconstruction of the Talnakh ore concentrator and development of the South Cluster mine - come as Nornickel aims to ramp up nickel output and tap an expected boom in demand from electric vehicle makers. 

Mar 29 - Uganda returns seized gold consignment to African Gold Refinery
Ugandan police have returned a gold consignment worth $149 million to the country's biggest gold refinery after the attorney general dismissed allegations that it had smuggled the metal from sanctions-hit Venezuela. The gold was part of a 7.4-tonne shipment valued at around $300 million that African Gold Refinery (AGR) imported in two batches - 3.8 and 3.6 tonnes - from South America on March 2 and March 4 respectively.

Mar 28 - Brazil's Vale announces writedowns, profit after dam disaster
Brazilian iron ore miner Vale on Wednesday announced a series of writedowns and provisions related to the Brumadinho tailings dam collapse that killed some 300 people two months ago, saying there would be an affect on future results. The writedowns include $124 million related to the Corrego de Feijao mine where the dam was located, as well Vale's wider array of upstream tailings dams, considered the most vulnerable to collapse and slated for shutdown in the coming years. Click here to read full stories.

Mar 28 - 'Don't blink' on Trump tariffs, steel CEOs tell U.S. lawmakers
Chief executives from American steel producers urged lawmakers to maintain strong U.S. tariffs on the metal on Wednesday to protect their industry, as Senate efforts to rein in President Donald Trump's tariff powers gained steam. The CEOs of top U.S. steelmakers Nucor Corp, United States Steel Corp, ArcelorMittal SA and Commercial Metals Co told the Congressional Steel Caucus that the "Section 232" steel tariffs were just starting to allow their industry to recover from damage caused by years of dumped imports and needed to be kept in place long-term. Click here to read full stories.

Mar 28 - Rock-throwing protesters repel Peru govt negotiators in dispute over Chinese copper mine
A government negotiating team sent to Peru's southern copper belt to calm rising tensions at a Chinese-owned mine was repelled by indigenous protesters who hurled rocks at its helicopter on Wednesday, a government official said. Peruvian President Martin Vizcarra's government had tasked the team, led by three ministers, with finding a peaceful end to a 51-day road blockade that has choked off access to Chinese miner MMG Ltd's Las Bambas mine, one of the country's largest copper producers. Click here to read full stories.

Mar 28 - Kazakh vanadium miner is first 2019 London listing in sector
Ferro-Alloy Resources Group, which is producing vanadium in Kazakhstan, lists on the London stock market on Thursday, marking the first junior flotation in the sector this year. Vanadium has traditionally been used for strengthening steel, but its price has risen 450 percent in three years on expectations it can also be used for large-scale power storage, which could have a major role in a more electrified economy. Click here to read full stories.

Mar 28 - Planned steel plants will add to supply glut - OECD
The global steel industry could face a new supply glut if certain countries, which already contribute to overcapacity in the sector, bring on new steelmaking plants, said the OECD Steel Committee. A global oversupply of steel had eased after 2015, when excess capacity triggered shutdowns, bankruptcies and job cuts in the sector while setting the stage for U.S. import tariffs. Click here to read full stories.

Mar 28 - Struggling small miners may lead to bigger industry woes: Russell
Small miners are finding it increasingly difficult to raise capital to fund new ventures despite the positive demand outlook for several commodities and a world still largely awash with cheap credit. The problems facing these 'junior' mining explorers may also have implications beyond a bunch of seemingly inconsequential companies struggling to progress. Click here to read full stories.

Mar 28 - China copper smelters set TC/RC floor for Q2 at $73 per tonne/7.3 cents per lb - sources
China's top copper smelters on Thursday lowered their floor treatment and refining charges (TC/RC) for the second quarter of 2019 by more than 20 percent, according to two smelter sources with knowledge of the matter. At a meeting in Shanghai, the 10-member China Smelters Purchase Team (CSPT) set the TC floor for the second quarter at $73 per tonne and the RC floor at 7.3 cents per pound, according to the sources with smelters on the purchase team.  Click here to read full stories.

Mar 28 - S.African mining firms seek charter changes over past black ownership deals
Mining companies have requested a judicial review of South Africa's 2018 mining charter to change clauses related to transactions made in the past to increase black ownership, an industry body said on Wednesday. In a bid to rectify the wealth disparities of apartheid more than two decades after the end of white minority rule, South Africa has demanded that a proportion of a mining company's shares are owned by black investors. Click here to read full stories.

Mar 27 - Australia's Lynas says no to Wesfarmers $1.1 bln takeover offer
Australia's Lynas Corp Ltd on Wednesday said it would not engage with conglomerate Wesfarmers on its "highly conditional" $1.1 billion takeover approach for the only proven producer of rare earth elements outside China. The rejection came a day after Wesfarmers launched a bid of A$2.25 per Lynas share, which represented a near 45 percent premium to the rare earths miner's Monday's close. Click here to read full stories.

Mar 27 - Vale investors seek clarity two months after Brazil dam burst
Vale SA, the world's largest iron ore miner, is set to report fourth-quarter earnings on Wednesday but those results now look like ancient history as the company grapples with fallout from a second deadly dam burst in less than four years. The collapse of the tailings dam at Brumadinho, which killed an estimated 300 people two months ago, is expected to dominate the discussion when Vale executives take questions from analysts on Thursday. Click here to read full stories.

Mar 27 - Australia's Pilbara Ports reopens Dampier port after cyclone
Australian port operator Pilbara Ports said on Wednesday it has reopened the Port of Dampier, which mostly ships iron ore from Rio Tinto , after it was closed ahead of a cyclone that made landfall over the weekend. "Pilbara Ports Authority has re-opened the Port of Dampier on 27 March 2019 from 0600 (AWST) and normal operations have resumed," the company said in a statement. Click here to read full stories.

Norsk Hydro, Brazil prosecutor agree steps that could lead to Alunorte's full restart
Mar 27 - Norsk Hydro has agreed with Brazil's federal prosecutor to have a third-party technical assessment that, if positive, could lead to it resuming full production at the half-shut Alunorte alumina refinery, the company said on Tuesday. The refinery, the world's biggest, has been operating at half capacity since early 2018, when Hydro admitted it had made unlicensed emissions of untreated water.  Click here to read full stories.

Mar 27 - S.Africa's Minerals Council seeks judicial review of mining charter
The industry body representing South African mining companies said on Wednesday it had filed an application for judicial review and setting aside certain clauses of the 2018 Mining Charter. A new version of the mining charter, which sets ownership and other industry targets was unveiled last year, a crucial step to attracting further investment to a sector laid low by depressed prices, soaring costs and murky policy. Click here to read full stories.
    
Mar 27 - LME waives listing fees for cobalt brands for six months
The London Metal Exchange (LME) on Tuesday suspended listing fees for new cobalt brands for six months to encourage interest from producers of the element widely used in rechargeable batteries. The LME, the oldest and largest market for industrial metals, launched a cash-settled cobalt contract LCBc1 on March 11 in addition to its physically settled offering  to allow users more flexibility. Click here to read full stories.

Mar 27 - Union at KGHM's Sierra Gorda copper mine extends contract talks
Polish miner KGHM and a union representing workers at its Sierra Gorda copper mine in Chile have agreed to extend contract talks, temporarily warding off the threat of a strike, the union president told Reuters on Tuesday. Maykel Ocayo, president of the 520-member union, said workers would vote on a new contract proposal by Thursday and deliver their decision to management on Friday. Click here to read full stories.

Mar 26 - Rio Tinto, BHP Group restart some operations after cyclones
Miners Rio Tinto and BHP Group said on Tuesday they had begun to resume operations at some facilities that had been halted as two separate cyclones battered Australia's northern coastline over the weekend. Tropical Cyclone Veronica pummelled iron ore export ports on the northern coast of Western Australia before weakening and gradually moving west. Click here to read full stories.

Mar 26 - Newmont's special dividend wins top investors over to Goldcorp deal
Newmont Mining Corp won the support of at least two key investors for its $10 billion takeover of Goldcorp Inc on Monday, after offering to sweeten the deal with an 88-cent-per-share special dividend if shareholders approve the transaction. The immediate cash payment would represent a portion of the savings from a separate agreement with Barrick Gold Corp, Newmont said in a regulatory statement. Click here to read full stories.

Mar 26 - Australia's Wesfarmers launches $1.1 bln rare earths bid, shares fall
Australia's Wesfarmers Ltd made a surprise $1.1 billion offer on Tuesday for rare earths miner Lynas Corp Ltd, looking for new growth after a series of asset sales, but its shares fell as investors fretted about increased risk. A successful takeover would give the retail-to-chemicals conglomerate exposure to new energy materials, with control of the only proven producer outside China of materials used in everything from electric cars to wind turbines. Click here to read full stories.

Mar 26 - Japanese aluminium buyers agree to Q2 premium increase, first time since Q3 2018
Japanese aluminium buyers agreed to purchase supplies for April to June at premiums that are as much as 27 percent higher than the previous quarter as spot premiums have climbed, five sources directly involved in the pricing talks said. The new premium was set at $105 per tonne, up from the the $83 to $85 per tonne premiums in the January to March quarter, the sources said. This is the first increase in three quarters. Click here to read full stories.

Mar 26 - China's MMG to declare force majeure on copper from Peru mine as blockade continues
Chinese miner MMG Ltd on Tuesday said it expected to declare force majeure on contracts for copper from its Las Bambas deposit in Peru, hit by a weeks-long blockade by an indigenous community. MMG, controlled by state-owned China Minmetals Corp Ltd, said in a statement to the Hong Kong stock exchange that it expected production at the site to be "progressively impacted" from later this week. Click here to read full stories.

Mar 26 - Court halts operations at 13 Vale dams; operations at major mine affected
A Brazilian court has issued an injunction ceasing operations at several tailings dams owned by mining firm Vale SA , the iron ore giant said on Monday, which will hit production at a major mine. The injunction, issued in response to a motion by prosecutors in the state of Minas Gerais, requires the firm to paralyze operations at 13 dams. As a result, the company said, production at its major Brucutu mine will take longer than expected to come back on line. Click here to read full stories.

Mar 26 - Mexico opposes U.S. proposal for steel, aluminum quotas
Mexico said on Monday it opposes a U.S. proposal for steel and aluminum quotas and reiterated calls for the elimination of tariffs on those products under U.S. Section 232. "The Mexican government's position is that the application of the 232 on steel and aluminum is not justified," Deputy Economy Minister Luz Maria de la Mora told reporters. Click here to read full stories.

Mar 26 - Eskom price hike to cost South Africa 90,000 mining jobs - Minerals Council
South Africa's gold and platinum mines will shed around 90,000 jobs in the next three years as above-inflation electricity price increases by power utility Eskom add to already soaring operating costs, an industry body said on Monday. "In total, as many as 90,222 jobs would be at risk solely as a result of the MYPD4 tariff increases granted by Eskom," the Minerals Council South Africa said in a presentation. Click here to read full stories.

Mar 26 - Chile's Codelco terminates contract with Canada's SNC-Lavalin at Chuquicamata mine
Chilean state miner Codelco said on Monday it had terminated its contract with Canadian company SNC-Lavalin Group Inc at its Chuquicamata mine in northern Chile, accusing the engineering firm of failing to comply with its work commitments at the world's largest open pit mine. World top copper miner Codelco said the Canadian builder had not met obligations written into a $260 million contract that included engineering, supply and construction of sulphuric acid plants critical to the mine's copper smelting operation. Click here to read full stories.

Mar 26 - Chile launches tender for value-added lithium projects
Chile said on Monday it would shortly begin accepting bids from local and foreign companies seeking to develop battery materials within the South American nation using discounted Chilean lithium provided by top miner SQM. Chilean authorities struck a deal in January 2018 with SQM that ended a long-running dispute over royalty payments and allowed the miner to boost production from Chile's Salar de Atacama, home to one-third of the world's supply of the ultralight battery metal. Click here to read full stories.

Mar 26 - Norsk Hydro steps up production at business hit by cyber attack
Norsk Hydro one of the world's largest aluminium producers, said on Monday one of its major divisions was back up to 60 percent of capacity after a cyber attack earlier in March. The cyber attack forced the company to shut several metal extrusion and rolled products plants, which transform aluminium ingots into components for carmakers, builders and other industries.  "Extruded Solutions is expecting to reach an overall production rate of 60 percent by Monday," Hydro said. Click here to read full stories.

Mar 26 - Lonmin warns on cash woes, urges shareholders to back Sibanye takeover
Platinum miner Lonmin does not have sufficient liquidity to fund the new projects needed to avoid shaft closures and job losses, it said on Monday as it urged shareholders to back its proposed takeover by Sibanye-Stillwater. The London-listed company, crippled by soaring costs and subdued platinum prices, has been cutting spending to conserve cash and retain a positive balance sheet required by conditions of South Africa-based Sibanye's offer. Click here to read full stories.

Mar 25 - Glencore restarts Australia zinc operations after cyclone
Mining giant Glencore said on Monday its McArthur River zinc operations in northern Australia were returning to normal after a weekend cyclone, while ports in northwestern regions remained closed following the arrival of a second cyclone. The two cyclones made landfall over the weekend with miners suspending operations and evacuating workers. Business affected included Glencore's zinc operations, Rio Tinto's Weipa bauxite operations and the iron ore export hubs of the Pilbara in the country's northwest. Click here to read full stories.

Mar 25 - China dumped steel wheels on U.S. market -Commerce Dept
The U.S. Commerce Department has found China unfairly subsidized steel wheels exported to the United States and sold them at prices below fair value, the department announced on Friday in its final determination. If the U.S. International Trade Commission issues a final finding that U.S. producers are being harmed, then tariffs on the products will go into effect for five years. Click here to read full stories.

Mar 25 - Miner Antofagasta expects water agreement with BHP for Zaldivar mine-media
Chile's Antofagasta  expects to reach an agreement with miner BHP to help ensure water supply at its Zalidvar copper mine in the country's northern desert, a company official told a Chilean newspaper on Friday. Antofagasta needs access to water for the future development of its Zaldivar copper deposit, which is near BHP's Escondida mine, the world's largest copper mine. Click here to read full stories.

Mar 25 - Russia's TMK sells IPSCO Tubulars to Tenaris for $1.2 bln
Russian steel pipe maker TMK said on Friday it had agreed to sell its U.S. subsidiary IPSCO Tubulars to pipe producer Tenaris, which has production facilities in the United States and several other countries, for $1.2 billion. TMK had planned an initial public offering (IPO) of its U.S. division, aiming to raise $465 million to $535 million, but halted that process in February 2018, citing adverse market conditions. Click here to read full stories.

Mar 25 - Leader of community blocking road to Peru copper mine arrested
Peruvian police said on Friday that they have arrested the leader and two lawyers of an indigenous community, accusing them of trying to extort Chinese miner MMG Ltd by blocking a road it uses to transport copper for the past month. Gregorio Rojas, president of the community Fuerabamba, was arrested in Lima late on Thursday, along with the community's attorneys, brothers Frank and Jorge Chavez, the police said in a statement. Click here to read full stories.

Mar 25 - China Hongqiao's profit flat as alumina sales offset aluminium slump
China Hongqiao Group said on Friday that a doubling of alumina sales helped offset lower aluminium production and prices, leaving its net profit steady in the second half of 2018. The world's biggest aluminium producer said its full-year net income came in at 5.41 billion yuan ($805.97 million) in 2018, implying a second-half profit of 3.6 billion yuan, down 0.9 percent from a year earlier. Click here to read full stories.

Mar 25 - China court jails scandal-hit Fanya metals exchange founder for 18 years - Xinhua
A Chinese court on Friday fined the firm behind the now-defunct Fanya Nonferrous Metals Exchange 1 billion yuan ($149.04 million) for illegal fundraising and handed its founder a lengthy prison term, the official Xinhua news agency reported. The Kunming Intermediate People's Court sentenced Shan Jiuliang, who founded and ran the minor metals bourse, to 18 years in prison for crimes including embezzlement, according to a Xinhua report carried on the court's website. Click here to read full stories.

Mar 25 - Speculators raise net long position in COMEX gold
Hedge funds and money managers increased their bullish wagers in COMEX gold in the week to March 19, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. The speculators also raised their net long position in silver and reduced their net long position in copper contracts during the week, the data showed. Click here to read full stories.

Mar 22 - Glencore suspends Australian zinc mine as cyclone nears
Commodity giant Glencore on Friday said it had suspended operations at its McArthur River zinc mine in northern Australia as a cyclone approaches. Authorities have declared a state of emergency in the region as Tropical Cyclone Trevor nears, with the nation's weather bureau on Friday saying the storm was intensifying and warning of a "severe impact" ahead of landfall on Saturday morning. Click here to read full stories.

Mar 22 - U.S. imports of Russian and Chinese aluminium slump in 2018: Andy Home 
U.S. trade policies caused significant shifts in the composition of the country's aluminium imports last year. The stand-out in terms of primary metal was the sharp drop in imports from Russia, reflecting the imposition of sanctions on Oleg Deripaska and his Rusal companies. Click here to read full stories.

Mar 22 - Hydro products unit running at 50 pct after cyber attack
Norsk Hydro, one of the world's largest aluminium producers, said a key unit is operating at only 50 percent of capacity following a cyber attack on the company this week. "Extruded Solutions is working hard to enable further restarts during the coming days, which would allow for continued deliveries to customers," Hydro said of the business, which transforms aluminium ingots into components for carmakers, builders and others. Click here to read full stories.

Mar 22 - Philippines' Philex delays copper-gold mine start by four years
Philippine copper and gold producer Philex Mining Corp on Friday said the start of output at its Silangan mine in the south of the country would be delayed by four years until 2022, hit by a national ban on new open-pit mining. The Silangan copper and gold mine could be Philex's biggest source of revenue after its 61-year-old Padcal mine in the north is expected to close in 2022. Click here to read full stories.

Mar 22 - Indonesia sets anti-dumping duties on steel products from China, Russia
Indonesia on Friday made public a set of anti-dumping import duties of up to 20 percent for a number of flat-rolled iron and steel products from seven countries, including China and Russia. The duties will take effect for five years starting 14 days from March 19, when the government signed the regulation for the anti-dumping tax. Click here to read full stories.

Mar 22 - Tata to offer partial EU packaging sale for Thyssen deal approval - sources
Tata Steel is likely to offer to sell parts of its European packaging activities to secure regulatory approval for a planned joint venture with Thyssenkrupp, three people familiar with the matter told Reuters. The two steelmakers on Wednesday agreed an eight-day extension to a deadline for submitting remedies to the European Commission, which has been concerned that the combined entity could hurt competition in some areas. Click here to read full stories.

Mar 22 - Steel producer Mechel's 2018 profits fall 7 percent on lower sales
Russian steel and coal producer Mechel  said on Thursday its 2018 core earnings fell 7 percent versus the previous year, with lower sales in the mining division only partly offset by higher coal prices. Mechel, controlled by businessman Igor Zyuzin, said its 2018 earnings before interest, taxation, depreciation and amortisation (EBITDA) were at 75.67 billion roubles ($1.2 billion), down from 81.11 billion in 2017. Click here to read full stories.

Mar 21 - Miner Vale quashed dam safety audit efforts before Brazil disaster - prosecutor 
Executives at Vale SA, the world's largest iron ore miner, quashed efforts by Brazilian authorities to audit one of the company's mining dams months before it collapsed and killed over 300 people, a state prosecutor was quoted as saying by news website G1 on Wednesday. William Garcia, a prosecutor in Minas Gerais where the January disaster occurred, told G1 his office had filed subpoenas with Vale last June to review safety documents regarding Vale's dam. Click here to read full stories.

Mar 21 - Australia clears iron ore ports, miners brace as cyclones approach 
The operator of Australia's key iron ore exporting ports said it was clearing ships from the sites as a severe tropical cyclone heads towards the northwestern coast, while miners were also bracing for a separate cyclone in the northeast. The northwestern ports of Port Hedland, Dampier and Ashburton were beginning to clear anchorages and berths, Pilbara Ports said in a statement on Thursday. Port Hedland is the world's largest export hub for iron ore. Click here to read full stories.

Mar 21 - Tug-of-war: China's steel sector grapples short-term bulls, longer-term bears: Russell 
China's steel sector, and the imported iron ore upon which it relies, are currently locked in a struggle between largely bearish longer-term structural factors and short-term cyclical influences, some of which are bullish. It's not unusual for an industry to grapple with competing narratives, but for China, which produces half the world's steel and consumes two-thirds of seaborne iron ore, how the issues are resolved will have a flow-on effect through other parts of the economy, such as manufacturing, mining and construction. Click here to read full stories.

Mar 21 - Investor flows suggest platinum on cusp of recovery 
Rapid flows of investor money into physically backed platinum exchange-traded funds (ETFs) and a sharp drop in speculative bets on lower prices suggest the autocatalyst metal is on the verge of a recovery. Large supply surpluses and falling demand, particularly since Volkswagen's "dieselgate" scandal in 2015, have eroded platinum's popularity to the extent that prices have dropped below those of palladium and gold. Click here to read full stories.

Mar 21 - Trade panel says U.S. producers harmed by structural steel imports 
The U.S. International Trade Commission said on Wednesday that domestic producers were being harmed by imports of fabricated structural steel from Canada, China and Mexico, keeping alive an investigation that could lead to duties on the products. The ITC's preliminary determination ensures that an anti-dumping and countervailing duty investigation launched by the U.S. Commerce Department last month will move forward. Click here to read full stories.

Mar 21 - Australia's Jervois to choose nickel-cobalt JV partner by end-2019 
Australian developer Jervois Mining said on Thursday it expects to have chosen by year-end a joint venture partner to help develop its nickel-cobalt battery materials project in New South Wales state. Jervois, whose management is made up of ex-Glencore executives, is developing the Nico Young deposit in southeastern Australia ahead of an expected boom in demand for the metals used in rechargeable batteries. Click here to read full stories.

Mar 21 - Citigroup to sell Venezuelan gold in setback to President Maduro - sources 
Citigroup Inc plans to sell several tons of gold placed as collateral by Venezuela's central bank on a $1.6 billion loan after the deadline for repurchasing them expired this month, sources said, a setback for President Nicolas Maduro's efforts to hold onto the country's fast-shrinking reserves. Maduro's government has since 2014 used financial operations known as gold swaps to use its international reserves to gain access to cash after a slump in oil revenues left it struggling to obtain hard currency. Click here to read full stories.

Mar 21 - Russia's Severstal to pay Q4 dividend earlier on healthy finances 
Russian steelmaker Severstal said on Thursday its record date for its fourth quarter dividend payment would be more than a month earlier, saying its stable financial position made an earlier payout possible. The record date, the date by which investors must be holding Severstal shares in order to receive the dividend payment, has been shifted from June 18 to May 7, Severstal said. Click here to read full stories.

Mar 21 - Philippine nickel producer DMCI sees tough year with mine shut, inventory declining 
Philippine nickel producer DMCI Mining Corp, a unit of conglomerate DMCI Holdings Inc, on Thursday said it expected 2019 to be a tough year, with one of its two mines still suspended and its inventory almost depleted. DMCI's mines, operated by subsidiaries Berong Nickel Corp and Zambales Diversified Metals Corp, were among those ordered shut in 2016 when the government launched an industry-wide crackdown on miners as part of a push to ramp up environmental protection. Click here to read full stories.

Mar 21 - Ukraine targets Russia's En+ with new sanctions  
Ukrainian President Petro Poroshenko on Wednesday signed a decree broadening sanctions against Russian companies and citizens to include aluminium and power producer En+ Group and several other Russian firms. Kiev imposed sanctions against some Russian firms and individuals in response to Russia's annexation of Crimea in 2014 and its support for a pro-Moscow insurgency the east of Ukraine. Click here to read full stories.

Mar 20 - Hydro still working to restore operations after cyber attack 
Norsk Hydro, one of the world's largest aluminium producers, has made some progress in restoring operations but is not yet back to normal after a ransomware cyber attack, the company said in a statement on Wednesday. After the attack began late on Monday, the company had to shut several metal extrusion and rolled products plants, which transform aluminium ingots into components for car makers, builders and other industries, while its smelters in Norway were largely operating on a manual basis.  Click here to read full stories.

Mar 20 - Brazil's Vale to resume work at largest mine in Minas Gerais state 
Brazilian miner Vale SA said on Tuesday that a local court had cleared the way for it to resume operations at its Brucutu mine, its largest iron ore complex in the state of Minas Gerais, the country's longtime mining heartland. Production at Brucutu has been halted since early February when a court order halted the adjoining Laranjeiras dam soon after the collapse of a Vale dam about 150 km (94 miles) away killed some 300 people. Click here to read full stories.

Mar 20 - U.S. sanctions Venezuela gold mining company for backing Maduro 
The United States imposed sanctions on Tuesday against Venezuela's state-run gold mining company Minerven and its president, Adrian Perdomo, accusing them of illicit operations and propping up the government of President Nicolas Maduro. The announcement comes days after Uganda said it was investigating its biggest gold refinery for importing Venezuelan gold. Washington has imposed half a dozen rounds of sanctions against Maduro and senior Venezuelan officials as it tries to choke off funding to the government. It has warned gold traders not to deal in Venezuelan gold or oil. Click here to read full stories.

Mar 20 - Small Australian copper producer makes $575 mln offer for Glencore mine 
Small Australian copper producer Aeris Resources Ltd on Wednesday said it had offered to buy global trader and miner Glencore's CSA copper mine in the state of New South Wales for $575 million. Aeris said in a statement that negotiations to buy the mine in Cobar were at a late stage, with the offer comprising $525 million in cash, $50 million in Aeris shares and a royalty payable to Glencore. A spokesman for Glencore declined to comment. Click here to read full stories.

Mar 20 - LME zinc running on empty as stocks keep falling: Andy Home 
Another 100 tonnes of zinc were loaded out of the London Metal Exchange (LME) warehouse system on Monday. It wasn't the most dramatic of moves but sufficient to reduce LME stocks to a fresh 12-year low of 58,325 tonnes - less than two days' worth of global consumption and within touching distance of this century's nadir of 58,100 tonnes recorded in October 2007. Click here to read full stories.

Mar 20 - Codelco copper smelter restart delayed - Chile mining minister 
The reactivation of a smelter belonging to Chile's state-owned Codelco, the world's largest copper producer, will take more time than expected, the country's mining minister Baldo Prokurica said on Tuesday. The smelter, halted in December to undergo changes to bring it up to new emissions standards, has had its restart delayed because of issues related to Canadian construction firm SNC-Lavalin, contracted for the project. Click here to read full stories.

Mar 20 - Antofagasta 2018 dividend beats expectations as profits fall 
Chilean copper miner Antofagasta Plc announced on Tuesday a higher-than-expected dividend for 2018, sending its shares to a seven-month high, though core earnings dropped in line with analysts' projections. The company, majority-owned by Chile's Luksic family, lowered its 2018 total dividend by 14 percent to 44 cents per share compared to the prior year, but beat the 26 cents expected by analysts, according to Refinitiv Smart Estimates. Click here to read full stories.

Mar 20 - Rio Tinto halts operations at north Australian bauxite mine as cyclone nears 
Rio Tinto said on Wednesday has suspended its Weipa bauxite mining operations at the northeastern tip of the country ahead of a cyclone. "Operations have been suspended at Weipa as Cyclone Trevor approaches the coast, as per standard procedures," a spokesman told Reuters by email. Click here to read full stories.

Mar 20 - Sumitomo says Ambatovy nickel plant shut for 2 weeks in February 
Japanese trading house Sumitomo Corp said on Wednesday its Ambatovy nickel plant in Madagascar was forced to shut for about two weeks in early February due to trouble at its hydrogen plant, and may miss its revised annual production target. Sumitomo owns a 47.7 percent stake in Ambatovy, while South Korea's Korea Resources Corp and Canada's Sherritt International Corp also hold stakes in the project. Click here to read full stories.

Mar 19 - Brazil court suspends operations at two more Vale dams 
A Brazilian court has ordered Vale SA, the world's largest iron ore miner, to suspend operations at two more dams, demanding that it prove the structures are stable. The court decision dated Friday is the latest in a series of orders forcing Vale to halt operations at various dams that contain the muddy detritus of mining operations after one such barrier collapsed in January, killing some 300 people. Click here to read full stories.

Mar 19 - Top Philippine nickel miner says 2019 ore sales steady, exports to China to fall 
Nickel Asia Corp, the Philippines' top nickel ore producer, expects its 2019 shipments to be unchanged from last year, although it plans to increase its domestic sales to maximise profits, its chief financial officer told Reuters. Nickel Asia accounts for about half of the nickel ore output in the world's second-biggest supplier of the metal. Its ores are exported to customers in China and Japan, who process them to make stainless steel and for use in battery materials. Click here to read full stories.

Mar 19 - U.S. judge says Rio Tinto must face SEC fraud case 
A U.S. judge on Monday rejected Rio Tinto Plc's bid to dismiss a Securities and Exchange Commission lawsuit accusing the Anglo-Australian mining company of civil fraud in its handling of a failed investment in a Mozambique coal project. U.S. District Judge Analisa Torres in Manhattan said the regulator may pursue some claims in its October 2017 lawsuit against Rio Tinto, former Chief Executive Officer Tom Albanese and former Chief Financial Officer Guy Elliott. Click here to read full stories.

Mar 19 - Aluminium producer Hydro hit by cyber attack on Tuesday 
Norsk Hydro, one of the world's largest producers of aluminium, was sustaining a cyber attack on Tuesday that affected its operations, sending its shares lower. "IT-systems in most business areas are impacted and Hydro is switching to manual operations as far as possible. Hydro is working to contain and neutralize the attack, but does not yet know the full extent of the situation," it said in a statement. Click here to read full stories.

Mar 19 - Russian diamond miner Alrosa wants controlling stake to mine in Zimbabwe 
Russian state-controlled miner Alrosa will assess the quality of Zimbabwe's diamond reserves over the next six months but would only start mining if it can take a majority stake in such a project, the company's chief executive said on Monday. Zimbabwe is seeking to attract investment and has scrapped legislation that restricts foreign participation for some commodities. It has yet to do so for diamonds and platinum but has said that it will. Click here to read full stories.

Mar 19 - Chile Supreme Court annuls lower court order to close Barrick's Pasqua Lama project 
Chile's Supreme Court on Monday cancelled a lower court order to close the Chilean side of Barrick Gold Corp's stalled Pasqua Lama project, delaying the resolution to a problem that has dogged the Canadian company for years. The gold and silver project, which straddles the mineral-rich El Indio belt on the border of Argentina and Chile in the Andes mountains, has been on hold since 2013 due to environmental concerns, political opposition and labor issues, and costs have surged to $8.5 billion. Click here to read full stories.

Mar 19 - Antofagasta dividend better than expected, profit in line 
Chilean copper miner Antofagasta Plc announced a higher-than-expected dividend payout on Tuesday and reported a drop in annual core earnings that was in line with analysts' projections. The company lowered its final dividend by about 9 percent to 37 cents per share from last year, but topped the expectations of at least two analysts. Click here to read full stories.

Mar 19 - Workers could strike at Chile's Sierra Gorda copper mine - union 
A union at Chile's Sierra Gorda copper mine, controlled by Polish mining company KGHM, could go on strike this week after rejecting the latest offer in contract negotiations, the union leader told Reuters on Monday. The company still has until the end of Tuesday to request government mediation to help reach a deal with the union of 520 workers. Click here to read full stories.

Mar 19 - Two die in clashes outside Vedanta's Indian alumina refinery 
A protester and a policeman died in clashes outside Vedanta Ltd's eastern Indian alumina refinery, a police official said on Monday, less than a year after police killed 13 anti-Vedanta protesters in south India. The incident in the eastern state of Odisha happened 10 months after police opened fire on demonstrators protesting against Vedanta's copper smelter in southern Tamil Nadu state, killing 13 people. Click here to read full stories.

Mar 18 - Russian metals tycoon Deripaska sues U.S. over sanctions 
Russian tycoon Oleg Deripaska sued the United States on Friday, alleging that it had overstepped its legal bounds in imposing sanctions on him and made him the "latest victim" in the U.S. probe into Moscow's alleged election interference. In what legal experts called a long shot attempt, Deripaska asked a federal court in Washington to block the U.S. Treasury Department from using the "devastating power" of such sanctions, which he claims were arbitrarily applied to him last April and violated his right to due process under the U.S. Constitution. Click here to read full stories.

Mar 18 - Australia's Pilbara Minerals to produce battery chemicals with Posco 
Australian miner Pilbara Minerals said on Monday its board had exercised an option to manufacture battery-making materials with steel-maker Posco by setting up a lithium processing plant in South Korea. Pilbara said in a statement that it will have up to 30 percent participation in the facility, which will have a capacity of up to 40,000 kilo tonnes per annum of lithium carbonate equivalent. Click here to read full stories.

Mar 18 - Norsk Hydro appoints new CEO amid ongoing Brazil woes 
Norsk Hydro, one of the world's largest aluminium makers, said on Monday it will replace its chief executive in May amid a production curtailment at its Brazilian plants. Svein Richard Brandtzaeg, CEO of Hydro for a decade, will be replaced by Hilde Merete Aasheim, who has been head of the company's key Primary Metal unit since 2008. Click here to read full stories.

Mar 18 - Shares in U.S. steel producers could rally along with commodity - Barron's 
Several U.S. steel company shares could rally along with a rise in the commodity's price, according to an article in Barron's that also urged caution on the stocks because of historical volatility. The price of steel has climbed to $703 per net ton, and some analysts expect it to reach near $800 or above in the next year, according to Barron's. Click here to read full stories.

Mar 18 - Rio asks shareholders to vote against emissions resolution 
Rio Tinto said on Monday it would recommend that shareholders vote against a resolution requiring the miner to report its direct emissions and those of its customers in greater detail. In a notice ahead of its annual general meeting in May, Rio said shareholders should vote against the proposed rule change that would have it set transition plans that adhere to the goals of the Paris Agreement to limit global warming to 1.5 degrees Celsius (2.7 Fahrenheit). Click here to read full stories.

Mar 18 - Russia's VTB Capital beefs up metals trading in Switzerland, China 
The investment banking unit of Russia's VTB has expanded its base metals and precious trading divisions with new hires in Switzerland and China, VTB Capital said in a statement. Rising volumes and volatility in industrial metals have boosted revenues for investment banks after years of tepid market conditions. Click here to read full stories.

Mar 18 - South African court blocks mine union's plan for industry-wide strike 
South Africa's labour court has rejected a request by the Association of Mineworkers and Construction Union (AMCU) to hold an industry-wide strike covering the platinum and gold sectors, Anglogold Ashanti, Anglo American Platinum and Lonmin said on Friday. AMCU has been on strike at Sibanye-Stillwater's gold operations since mid-November in a pay dispute. It wanted to extend the strike to at least 11 other mining firms including Anglo American's gold and platinum operations, Harmony Gold and Lonmin. Click here to read full stories.

Mar 18 - Tokyo Steel to keep prices unchanged for 4th straight month in April 
Tokyo Steel Manufacturing Co Ltd, Japan's top electric-arc furnace steelmaker, said on Monday it would keep its steel product prices unchanged in April amid soft overseas prices and slower local demand due to a shortage of labour and some materials. This is the fourth straight month the company kept prices unchanged for all of its steel products, including its main H-shaped beams. Click here to read full stories.

Mar 18 - Botswana's Debswana targets diamond output of 24 mln carats in 2019 
Botswana's Debswana Diamond Mining, a joint venture between De Beers and the southern Africa country's government, aims to keep production at around 24 million carats this year, its managing director said on Friday. Debswana lifted diamond output by 6 percent to a four-year high of 24.1 million carats in 2018, buoyed by strong demand from the United States, China and India. Click here to read full stories.

Mar 18 - Speculators cut net long position in COMEX gold - CFTC 
Hedge funds and money managers trimmed their net long position in COMEX gold in the week to March 12, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. The speculators also cut their net long position in silver and reduced their net long position in copper contracts during the week, the data showed. Click here to read full stories.

Mar 15 - Euro pricing likely to delay LME's Europe steel contract to 2020 
Plans by the London Metal Exchange to launch a European steel contract are likely to be delayed until next year because the industry wants it to be priced in euros, which the exchange's clearing house cannot process, industry sources say. This week the LME launched a suite of cash-settled futures contracts including hot rolled coil steel, used widely in the engineering and auto industries, for North America and China.  Click here to read full stories.

Mar 15 - Russia considers export ban on precious metals scrap 
Russia's trade and industry ministry is considering a temporary ban on the export of precious metals scrap and tailings, the ministry said, to promote domestic refining of the materials. The proposed ban would last from May 1 to Oct. 31 this year, the Kommersant newspaper reported earlier, citing ministry documents. Click here to read full stories.

Mar 15 - Floating solar panels to boost efficiency at Chilean copper mine 
Miner Anglo American on Thursday completed the installation of a floating island of solar panels in a tailings pond associated with its flagship Los Bronces copper mine outside the Chilean capital of Santiago, a bid to boost efficiency at the deposit. The 256 panels, tethered to the bottom of the artificial lagoon to ensure proper orientation even in strong winds and changing water levels, have the capacity to produce 86 kilowatts, the company said. Click here to read full stories.

Mar 15 - SQM receives Chile's approval for lithium plant expansion 
Chilean lithium miner SQM on Thursday received environmental approval to expand its lithium carbonate production plant, the local environmental regulator told Reuters, marking a milestone as the company seeks to boost output of the coveted ultralight battery metal. The $400 million plant expansion, once complete, would allow the Chinese-backed SQM to eventually produce as much as 180,000 tonnes of lithium carbonate a year from its Atacama salt flat operations in Chile. Click here to read full stories.

Mar 15 - Vedanta to shut Namibian zinc refinery for five weeks 
Vedanta Zinc International, a unit of diversified miner Vedanta Resources, said on Thursday it would close its zinc refinery in Namibia for five weeks after a strike by its mining contractor depleted stocks. Miners downed tools from Feb. 22 to March 6, affecting waste-stripping at the mine in southern Namibia and mining of ore, the firm said. Click here to read full stories.

Mar 15 - Burkina Faso says Paris court dismissed $2.2 bln claim over manganese mine contract 
A Paris court has dismissed a $2.2 billion claim against Burkina Faso lodged by Pan African Minerals Group over control of one of the world's largest manganese mines, Burkina's government said on Thursday. Romanian-Australian tycoon Frank Timis' Pan African Burkina Limited (PAB) bought the rights to the Tambao mine, which it says holds 100 million tonnes of manganese reserves, in 2012.  Click here to read full stories.

Mar 15 - China's first rare earth output quota for 2019 at 60,000 T - industry ministry 
China's industry ministry said on Friday the country's first rare earth mining output quota for 2019 had been set at 60,000 tonnes and the smelting and separation quota at 57,500 tonnes, half the levels of the entire quotas for last year. The mining output quota is 18.3 percent lower than the first quota for 2018, while the smelting and separation quota is 17.9 percent lower. Click here to read full stories.

Mar 15 - Advantage Lithium replaces CEO in wake of college admissions scandal 
Advantage Lithium Corp said on Thursday it has temporarily replaced Chief Executive David Sidoo as he battles U.S. fraud charges connected to a sweeping college admissions scandal. The company has named board member Callum Grant, an engineer by training, as interim president and said it would move forward with plans to develop an Argentine lithium deposit. Click here to read full stories.

Mar 14 - China becomes world's biggest importer of rare earths - analysts 
China, the world's top producer of rare earth elements, last year also emerged as the biggest importer of the group of minerals used in everything from ceramics to consumer electronics, analysts said on Wednesday. China has for years been the world's biggest rare earths exporter, raising shipments overseas by 4 percent year-on-year to more than 53,000 tonnes in 2018, and its emergence as the top importer as well is a sudden and surprising development.  Click here to read full stories.

Mar 14 - China Jan-Feb steel output rises from Dec on strong margins 
China's daily steel output rose in January and February, as mills in the world's top producer ramped up production amid firm steel margins and easier environmental restrictions. Average daily steel output over the two months reached 2.54 million tonnes, up from 2.46 million tonnes in December and 2.32 million tonnes in the same months last year, according to Reuters calculations based on official data. Click here to read full stories.

Mar 14 - New controversy engulfs London Metal Exchange's warehouses: Andy Home 
The London Metal Exchange's (LME) warehouse problems are back. Long load-out queues earlier this decade generated media scandal, a flurry of legal action and intense regulatory scrutiny of the exchange. The ensuing raft of reforms to its storage network appeared to have laid the issue to rest. Not so. Click here to read full stories.

Mar 14 - Abramovich trims Nornickel stake in $551 million share sale 
Russian billionaire Roman Abramovich sold $551 million worth of shares in mining giant Norilsk Nickel on Tuesday during an accelerated bookbuilding deal (ABB), the deal's arranger VTB Capital said. The shares, accounting for a 1.7 percent stake in the world's largest palladium producer, were bought predominantly by British-based investors, with Russian investors also buying a third of the shares, Dmitry Bolyasnikov, executive director of equity capital markets at VTB Capital, said on Wednesday. Click here to read full stories.

Mar 14 - China Jan-Feb daily aluminium output falls from Dec record 
China's primary aluminium output fell 2 percent on a daily basis in the first two months of 2019 from December's record rate, according to official data released on Thursday, as low prices prompted smelters to shut production. The world's top aluminium-producing country churned out 5.69 million tonnes of the metal in January and February, up 5 percent year-on-year, according to the National Bureau of Statistics. Click here to read full stories.

Mar 14 - Southern Copper eyes lithium project in Mexico - CEO 
Southern Copper Corp, one of the world's biggest copper producers, is considering an investment in a lithium project in Mexico that has also attracted interest from a Chinese firm, the company's chief executive told Reuters on Wednesday. Oscar Gonzalez said company officials visited the lithium project in the state of Sonora, Mexico, although he could not recall the name of the Canadian miner he said was "trying to sell it." Click here to read full stories.

Mar 14 - South Africa's Exxaro Resources FY earnings jump on higher coal prices 
South African coal mining company Exxaro Resources Ltd said on Thursday its full-year earnings climbed 7 percent, boosted by higher coal prices and the absence of one-off transactions seen a year earlier. Core headline earnings per share (HEPS) rose to 2,159 cents or 7.167 billion rand ($496.24 million) for the year ended Dec. 31, 2018, from 2,011 cents per share or 6.295 billion rand in the same period last year. Click here to read full stories.

Mar 14 - Brazil court orders Vale employees, contractors arrested again 
A Brazilian court in the state of Minas Gerais on Wednesday ordered the arrest of Vale SA employees and contractors who worked for auditor Tuv Sud and were charged in a January dam burst that killed hundreds of people, according to a court statement. The 11 Vale employees and two Tuv Sud contractors who had assessed the stability of the dam in Brumadinho, Minas Gerais, had been released by an appeals court order on Feb. 5. Click here to read full stories.

Mar 13 - Spread betting: Metal speculators see China tax cuts kicking in from May
China's metal traders are betting that recently announced manufacturing tax cuts will start in May and are placing trades that pay off as prices diverge between the April and May contracts, three traders told Reuters this week. Since the tax cuts were announced on March 5, the price spread between the April and May Shanghai Futures Exchange copper contracts has shot up tenfold from a backwardation of 40 yuan ($5.95) a tonne to over 400 yuan a tonne, the most between ShFE copper's second and third contract months since early 2015. Click here to read full stories

Mar 13 - U.S. working on steel, aluminum tariff relief for Mexico, Canada -trade chief
The United States is working on a plan to lift tariffs from Mexican and Canadian steel and aluminum but preserve the gains that domestic producers have received from the duties so far, U.S. Trade Representative Robert Lighthizer said on Tuesday. "What I'm trying to do is a have a practical solution to a real problem ... get rid of tariffs on these two, let them maintain their historic access to the U.S. market which I think will allow us to still maintain the benefit of the steel and aluminum program," he told the U.S. Senate Finance Committee at a hearing about the World Trade Organization. Click here to read full stories

Mar 13 - Funds start buying into the copper recovery story: Andy Home
In a tentative return to Doctor Copper for the money men, investors are starting to buy back into the metal after aggressively shorting the market at the start of the year. Some of the gloom weighing on the copper price appears to be lifting, with more positive noises from U.S.-China trade talks and expectations that Beijing's latest stimulus boost will revitalise a flagging manufacturing sector. Click here to read full stories

Mar 13 - Malaysia to keep bauxite mining on hold amid environmental impact studies
Malaysia said that bauxite miners must each conduct a study on the environmental impact of their sites in the country before receiving licences to restart operations, with a moratorium on mining the aluminium raw material due to end on March 31. No date has been set for when the environmental impact assessments (EIAs) will begin, but the resources ministry said on Wednesday that each one would take at least six months to complete. Click here to read full stories

Mar 13 - Argentine union's strike halts operations at Goldcorp's largest mine - company
A strike at Canadian Goldcorp Inc's Cerro Negro mine in Argentina has forced a halt to operations, the company said on Tuesday, calling the union's action at its biggest mine illegal. Mining activities stopped when the strike by the Asociacion Obrera Minera Argentina (AOMA) union began on March 8, and processing is also now halted as surface stockpiles have run out, Vancouver-headquartered Goldcorp said in a statement. Click here to read full stories

Mar 13 - Ford chairman praises CEO, mulls lithium venture
Ford Motor Co Executive Chairman Bill Ford said on Tuesday that he is very confident in Chief Executive James Hackett's leadership and that the automaker is considering striking supply deals with a lithium producer. Ford, the second-largest U.S. automaker, is in the midst of a restructuring of global operations and is spending $11 billion to bring 40 electrified vehicles to the market by 2022, part a move by the company to take part in the electrification trend sweeping the automotive industry. Click here to read full stories

Mar 13 - Six foreign-controlled miners to start divestments in 'near future'
Six foreign-controlled miners operating in Indonesia, including PT Vale Indonesia and a unit of Australia's Newcrest Mining, intend to divest some of their shares "in the near future" to meet regulations, an Indonesian official said. According to Indonesian mining rules, foreign-controlled miners are required to gradually start reducing ownership after five years of production. Within 10 years, foreign ownership should be cut to at least 49 percent. Click here to read full stories

Mar 12 - Barrick Gold ends hostile Newmont bid, signs Nevada joint venture 
Barrick Gold Corp on Monday pulled its $18 billion offer for Newmont Mining Corp  and agreed to form a joint venture in Nevada with its rival, ending a hostile takeover bid that sought to unite the world's two largest gold producers. By combining their operations in the southwestern U.S. state, which is home to one of the world's largest gold-producing areas, Barrick and Newmont hope to save more than $5 billion over the next 20 years. Click here to read full stories.

Mar 12 - Mixed signals for China steel and iron ore point to prices drifting lower: Russell 
China's steel and iron ore markets are currently crowded with an overload of information, much of it seemingly pulling prices in opposing directions. The steel market is having to weigh news of extended output restrictions as part of ongoing efforts by Beijing to lower air pollution, weak vehicle sales, slower economic growth and uncertainty over the trade dispute with the United States. Click here to read full stories.

Mar 12 - Queue to take aluminium from ISTIM Port Klang warehouses rises to 229 days 
Queues to take aluminium out of London Metal Exchange-approved warehouses owned by ISTIM UK in Port Klang, Malaysia rose to 229 days in February from 118 days in January and zero days in December, data from the exchange showed on Monday. Cancelled warrants -- material earmarked for delivery -- in ISTIM's Port Klang warehouses stood at 350,321 tonnes or 70 percent of the total at 499,015 tonnes at the end of last month. Click here to read full stories.

Mar 12 - Pakistan military eyes key role developing giant copper and gold mine 
Pakistan's military is taking a key role in the development of one of the world's biggest untapped copper and gold deposits, which is currently stalled by a multi-billion dollar legal wrangle with foreign mining firms, multiple sources familiar with the situation said. The Reko Diq mine has become a test case for Prime Minister Imran Khan's ability to attract serious foreign investment to Pakistan as it struggles to stave off an economic crisis that has forced it to seek an International Monetary Fund bailout. Click here to read full stories.

Mar 12 - Workers put brakes on wrong train in BHP iron ore train derailment - regulator 
An emergency crew called out to manually apply handbrakes to a 268-car iron ore train in the Australian outback mistakenly put the brakes on the wrong train, according to a preliminary report into a runaway train derailment last year. In the incident last November, the BHP Group ore train had to be deliberately derailed after it reached speeds of 162 km/hour (101 mph), destroying two locomotives, 245 ore cars and 2 km (1.2 miles) of track. No-one was hurt. Click here to read full stories.

Mar 12 - MMG says output at Peru copper mine could fall due to road blockade 
Production at Chinese miner MMG Ltd's Las Bambas copper deposit in Peru could fall "in the near term" due to a month-long road blockade by a community that was relocated to build the mine, the company said on Monday. MMG, controlled by state-owned China Minmetals Corp Ltd [CHMIN.UL], said it had run out of stock at the Peruvian port of Matarani and had warned customers of delays to shipments. Click here to read full stories.

Mar 12 - Emirates Global Aluminium's Guinea unit to secure $700-$750 mln financing soon - CFO 
Emirates Global Aluminium unit Guinea Alumina Corp is close to securing $700 to $750 million in financing for a new bauxite project in the Republic of Guinea, EGA's chief financial officer said on Monday. CFO Danny Dweik told Reuters after the company announced its 2018 financials that the financing is for a $1.4 billion bauxite mining project EGA is developing through its wholly-owned subsidiary. Click here to read full stories.

Mar 12 - Australia's Newcrest Mining inks joint venture deal with Greatland Gold 
Australia's top gold miner Newcrest Mining Ltd on Tuesday said it signed an exploration agreement for a joint venture with London-listed Greatland Gold Plc. The joint venture comes a day after Newcrest announced it will buy a 70 percent interest in the Red Chris copper and gold mine in Canada from Imperial Metals Corp for $806.5 million. Click here to read full stories.

Mar 12 - Russia's Polyus gets extra 5 pct stake in Sukhoi Log gold deposit 
Russian gold and silver producer Polyus has received a further 5 percent stake in the giant Sukhoi Log gold deposit from its project partner Rostec in return for a 0.28 percent stake in Polyus shares, Polyus said late on Monday. The deal raises Polyus' stake in Sukhoi Log, one of the largest untapped gold deposits in the world, to 63.4 percent. Rostec's stake falls to 36.6 percent. Click here to read full stories.

Mar 12 - Brazilian town fines Vale, closes port terminal in Rio de Janeiro state 
The town of Mangaratiba, in Brazil's Rio de Janeiro state, fined miner Vale SA and closed its iron ore port terminal on Monday, citing pollution problems and the alleged lack of an operating license. The city's environment department fined Vale for 30 million reais ($8 million) and closed the Ilha da Guaiba terminal for the second time this year. In a statement, Mayor Alan Costa said Vale needs to "comply with environment laws." Click here to read full stories.

Mar 11 - LME launches seven new contracts to try to boost volumes, profit 
The London Metal Exchange (LME) is launching seven new cash-settled futures contracts on Monday, including hot-rolled coil (HRC) steel, alumina and cobalt, aiming to attract more business after profits fell last year. The world's oldest and largest market for industrial metals wants a stronger portfolio of products as competition intensifies with rival exchanges, such as CME Group Inc. of the United States. Click here to read full stories.

Mar 11 - Australia's Newcrest buys Canadian mine for $807 mln, door open to more deals 
Australian gold miner Newcrest Mining Ltd has the firepower for more acquisitions, its chief executive said, after the company announced a deal to buy a copper and gold mine in Canada for $806.5 million. Newcrest said on Monday it would buy a 70 percent joint-venture interest in, and operatorship of, the Red Chris mine and surrounding tenements in British Columbia from Toronto-listed Imperial Metals Corp. Click here to read full stories.

Mar 11 - Some Japanese aluminium buyers agree Q2 premium at $105/T - sources 
Some Japanese aluminium buyers have agreed to pay a premium of $105 per tonne for shipments in April to June, reflecting higher local spot premiums, four sources directly involved in the pricing talks said on Monday. It is the first increase in three quarters and puts the premium at 24 percent to 27 percent above the $83-$85 per tonne paid this quarter. Producers had originally sought $109-$112 per tonne. Click here to read full stories.

Mar 11 - Indonesia approves copper concentrate export allowances for Freeport, Amman Mineral 
The Indonesian government has approved one-year export allowances for copper concentrate for miners PT Freeport Indonesia and PT Amman Mineral Nusa Tenggara, officials from the Ministry of Energy and Mineral Resources said on Friday. Freeport will be given an allowance of 198,282 wet tonnes of copper concentrate, while Amman will get 336,100 wet tonnes, said Yunus Saifulhak, director of minerals at the energy and mining ministry. Click here to read full stories.

Mar 11 - Rio Tinto talking to Apple on next step of carbon-free aluminium project 
Rio Tinto is in talks to move into the next phase of an agreement with Apple, Chief Executive Jean-Sebastien Jacques said on Friday, as the miner looks to transition its aluminium business to tap a low-carbon economy. Last May, Rio and Alcoa announced a joint venture, backed by Apple, to commercialize by 2024 a process that emits oxygen and replaces all direct greenhouse gas emissions from the traditional smelting process for aluminium.  Click here to read full stories.

Mar 11 - Glencore signs annual zinc treatment charges deal with Canada's Noranda 
Global trader and miner Glencore has struck a deal with its Canadian subsidiary Noranda Income Fund on the terms of zinc treatment charges for the coming year, but did not disclose the fees, the fund said on Friday. Noranda, whose operations include a zinc processing facility in Quebec, last year agreed to buy zinc concentrate from Glencore and sell refined metal back to the miner under a four-year agreement where terms will be negotiated each year. Click here to read full stories.

Mar 11 - India's bankruptcy court clears ArcelorMittal's takeover of Essar Steel 
India's bankruptcy court on Friday approved global steel giant ArcelorMittal SA's bid for debt-ridden Essar Steel, potentially ending months of court battles and opening the country's steel industry to outsiders. ArcelorMittal confirmed the National Company Law Tribunal (NCLT) had approved the takeover of the 10 million tonne steel plant of Essar Steel by itself and Japan's Nippon Steel & Sumitomo Metal Corp, paving the way for the first major foreign participation in India's steel sector. Click here to read full stories.

Mar 11 - Speculators slash bullish bets on COMEX gold - CFTC 
Hedge funds and money managers slashed their net long position in COMEX gold in the week to March 5, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. The speculators cut their net long position in silver and raised their net long position in copper contracts during the week, the data showed. Click here to read full stories.

Mar 08 - China Feb copper imports fall; aluminium exports at 2-yr low

China's unwrought copper imports fell year-on-year in February to their lowest in 11 months, while copper concentrate imports rose to tie the all-time monthly record, signalling that the world's top copper consumer is churning out more metal itself. Arrivals of unwrought copper - including anode, refined, alloy and semi-finished copper products - came in at 311,000 tonnes last month, the General Administration of Customs said. Click here to read full stories.

Mar 08 - Rio Tinto says Amrun bauxite mine set for full production

Global miner Rio Tinto said on Friday that its $1.9 billion Amrun bauxite mine in northern Australia is set to enter full production after finishing its ramp-up phase, boosting output at its Weipa operations by more than a third. Rio Tinto produces about 50 million tonnes of the aluminium raw material globally, accounting for around 15 percent of world supply. Click here to read full stories.

Mar 08 - Thyssen, Tata on collision course with Europe over JV - sources

Thyssenkrupp and Tata Steel will not go very far in concessions to gain approval for a planned steel venture, four people familiar with the matter said, adding their offer might not be enough to satisfy the European Commission. The two companies last year struck a deal to combine their European steel units to create the continent's second-largest steelmaker after ArcelorMittal, a move that must be cleared by the European regulators. Click here to read full stories.

Mar 08 - Tin's bright electric future poses supply problem: Andy Home

The electric vehicle (EV) revolution has galvanised battery metals such as lithium, cobalt and nickel - and now the tiny tin market is becoming aware that it, too, might be a beneficiary. The International Tin Association (ITA) has just released a report on the use of tin in lithium-ion batteries. The headline takeaway is that this additional use beyond soldering and packaging could generate a demand surge of up to 60,000 tonnes a year by 2030.  Click here to read full stories.

Mar 08 - Tanzania orders water cleanup by March 30 at Acacia gold mine or face closure

Acacia Mining Plc has until March 30 to stop waste water pollution at its North Mara gold mine in Tanzania or the mine will be shut down, the country's mining minister said. Doto Biteko, appointed minister in January with orders to be "strict" on managing Tanzania's mineral wealth, said Acacia must stop contaminated water seeping from a waste storage dam at the mine to nearby communities in the country's north. Click here to read full stories.

Mar 07 - China's Hebei province to cut steel capacity in bid to boost air quality - party official

China's top steelmaking region of Hebei will cut 14 million tonnes of annual steelmaking capacity both this year and next year as it strives to improve air quality, the province's Communist Party head said on Thursday. Speaking at a meeting of Hebei delegates at the National People's Congress in Beijing, Wang Dongfeng also said the province would reduce its concentration of PM2.5 - lung-damaging particulate matter of less than 2.5 microns in diameter - by at least 5 percent this year from 2018 levels. Click here to read full stories

Mar 07 - Undercover Down Under: Miners study gum leaves, groundwater for new finds

Australian mining magnate Lang Hancock famously discovered the world's biggest iron ore deposit when he noticed the red-stained cliffs of a canyon while flying over the Outback in the 1950s. Now, the days when massive mineral deposits could be simply spotted by plane are gone, so miners are adopting new lab techniques and machine-led mapping to detect metal traces in everything from sand to gum tree leaves and groundwater. Click here to read full stories

Mar 07 - Rusal posts $17 mln Q4 net loss, sees demand recovery

Russia's Rusal, the world's largest aluminium producer outside China, posted a fourth-quarter net loss on Thursday, but reiterated its positive industry outlook following the lifting of U.S. sanctions on the company in January. Rusal's adjusted net loss for the quarter of $17 million, compared with a $338 million profit in the previous quarter and a $350 million profit in the final quarter of 2017. Click here to read full stories

Mar 07 - Chile's Codelco continues lithium push despite slow progress - minister

Chilean state-run miner Codelco will continue to develop its lithium assets, including committing $57 million for further exploration, Chile's mining minister told Reuters, even as progress has stagnated at its flagship projects. The company, already the world's largest copper producer, has tried unsuccessfully in recent years to attract a partner to develop its lithium projects in Chile, stifled by legal and regulatory hurdles. Click here to read full stories

Mar 07 - Base metals due to see uplift from Chinese stimulus in H2

The impact of stimulus on the slowing Chinese economy is due to take six to nine months to flow through to demand for industrial metals, giving a boost to prices in the second half of the year. China accounts for the bulk of global demand for industrial metals such as bellwether copper, absorbing nearly half of all that metal produced each year, mainly in the power and construction sectors. Click here to read full stories

Mar 07 - Russia wants to join Luxembourg in space mining

Russia, a leading producer of natural resources, plans to join Luxembourg in mining for minerals in outer space, Russian Deputy Prime Minister Tatyana Golikova said on Wednesday. Space mining has been the realm of science fiction, but a handful of firms and governments are pursuing the idea of making it a reality. The small Duchy of Luxembourg became the first country to adopt legal regulations relating to mining in space, including from asteroids. Click here to read full stories

Mar 07 - ArcelorMittal reaches railway deal, resumes output at Bosnia mine

ArcelorMittal has agreed a provisional transportation deal with a Bosnian regional railway company, the steelmaker said on Wednesday, allowing production to resume at its iron ore mines in northwestern Bosnia. Production at the mine was halted after talks on the deal with the Zeljeznice RS railway company collapsed last week. Transportation of iron ore was also halted. Click here to read full stories

Mar 06 - Platinum market set for biggest surplus in at least 6 years - WPIC

The global platinum market will see its largest surplus since at least 2013 this year, the World Platinum Investment Council (WPIC) said on Wednesday. In its latest Platinum Quarterly report, the WPIC forecast an oversupply of 680,000 ounces in 2019 after a surplus of 645,000 ounces last year. Click here to read full stories

Mar 06 - China's supercharged imports fail to stir lead market: Andy Home

China imported 128,000 tonnes of refined lead last year, bringing the two-year cumulative total to 206,000 tonnes. The only precedent for this pace of import was 2009, when China soaked up 157,000 tonnes of refined lead. Click here to read full stories

Mar 06 - Top Barrick shareholder urges joint venture in Nevada with Newmont

Barrick Gold Corp's top shareholder said on Tuesday the miner should focus on striking a joint venture deal in Nevada with rival Newmont Mining Corp before considering a full-blown merger. "My preference is a joint venture," Joe Foster of the Van Eck International Investors Gold Fund, said in a phone interview. "I don't flat out oppose a merger. If a merger is the only way to unify Nevada then maybe, just maybe, that's something we might consider. But as it stands the best path right now is to form a JV in Nevada." Click here to read full stories

Mar 06 - Brazil minister calls Vale 'important' even as prosecutors probe miner

Brazil's mining minister on Tuesday defended iron ore miner Vale SA as vital to the country's economy, even after prosecutors accused the company of pressuring auditors to suppress evidence that its Brumadinho dam was unstable, months before the dam collapsed in January, killing hundreds. Minister of Mines and Energy Bento Albuquerque said Vale executives are likely to learn from the disaster, which killed more than 300 and sparked an outcry for tighter mining regulations. Click here to read full stories

Mar 06 - Shortages, shrinking stocks to energise zinc bulls

Shortages for a fourth year running and historically low stocks of zinc are likely to propel prices of the metal to $3,000 a tonne over coming months, while an end to the U.S.-China trade dispute could spur even more gains. Benchmark zinc on the London Metal Exchange at around $2,760 a tonne is up around 15 percent since the start of the year, but stands well below the 10-year high of $3,595.50 seen in February last year. Click here to read full stories

Mar 06 - S.Africa's mines minister calls on police to quell violence at Sibanye mine

Growing unrest at Sibanye-Stillwater's South African gold operations has left nine people dead since workers downed tools in November, prompting the country's mines minister to call on the police to step in and protect the local community. Mineral Resources Minister Gwede Mantashe has requested the assistance of the Minister of Police to "restore and safeguard the safety and security of the community" in Carletonville in the west of Johannesburg, the mines ministry said. Click here to read full stories

Mar 06 - Centerra Gold mulls dividend after close of Kumtor deal

Centerra Gold Inc is likely to reinstate its dividend after it closes a deal with Kyrgyzstan to resolve a longstanding dispute over the Kumtor gold mine, its chief executive said in an interview. The company expects the agreement, which it reached in September 2017 to resolve issues including environmental and profit sharing disputes, to close by June, Centerra CEO Scott Perry said on the sidelines of the Prospectors and Developers Association of Canada mining conference in Toronto. Click here to read full stories

Mar 06 - Zimbabwe allows mines, others to import own fuel as shortages bite

Zimbabwe on Tuesday allowed mining companies and other businesses to import their own fuel following shortages that have gripped the economy in the last six months due to a severe dollar crunch, a cabinet minister said. Supplies of fuel in the southern African nation have been intermittent since September, which has seen motorists spending hours in queues at service stations. Click here to read full stories

Mar 05 - Barrick says open to Nevada joint venture talks with Newmont

Barrick Gold Corp Chief Executive Mark Bristow said on Monday he wants to speak immediately with Newmont Mining Corp about a proposed Nevada joint venture, even as his company moves to take a $18 billion takeover offer directly to Newmont shareholders. Newmont earlier on Monday rejected Barrick's full buyout offer and reiterated its plans to go ahead with its deal to buy smaller rival Goldcorp Inc. Click here to read full stories.

Mar 05 - Codelco’s lithium push fades in favor of copper

With the global race to secure lithium heating up in 2016, Chile's president Michelle Bachelet wanted to be sure her country seized the moment. Home to half the world's lithium reserves, Chile tapping its state-run miner Codelco to ramp up production seemed a sure bet. Chile's most trusted public enterprise, she said, could hunt for private partners to help it mine its own lithium for the good of all Chileans, and take part in the global boom for the battery metal used to power electric vehicles. Click here to read full stories.

Mar 05 - Copper is tight but not as tight as LME stocks suggest: Andy Home

The amount of available copper stored in the London Metal Exchange's (LME) warehouse system fell to 21,600 tonnes last week, the lowest level since 2005. The year 2005 marked the start of an extraordinary six-year rally that was only briefly interrupted by the Global Financial Crisis. The copper price more than tripled over the period, topping out early 2011 at $10,190 per tonne. Click here to read full stories.

Mar 05 - DP World asks court to halt antitrust probe at Mumbai port

Dubai's DP World has asked an Indian court to halt an investigation into alleged antitrust violations at the country's largest container port in Mumbai, saying the regulator was seeking excessive information, a court document seen by Reuters showed. The Competition Commission of India (CCI) last year said it suspected antitrust violations by DP World and Denmark's A.P. Moller-Maersk at the terminals they operate at state-owned Jawaharlal Nehru Port Trust (JNPT). Click here to read full stories.

Mar 05 - China's Jiangxi Copper to take control of Shandong smelter

Jiangxi Copper, one of China's top copper producers, said on Monday it planned to buy a nearly 30 percent stake in the Shandong smelter for 2.98 billion yuan ($444.83 million) to become its controlling stakeholder. The Shandong smelter has a capacity to produce 50 tonnes of gold, 1,200 tonnes of silver and 250,000 tonnes of refined copper annually, Jiangxi Copper said in a stock filing. Click here to read full stories.

Mar 05 - Russia's NLMK plans earnings boost, new dividend policy

Russian steelmaker NLMK revised its dividend policy on Monday and announced a new five-year plan to increase core earnings by $1.25 billion annually. The company, controlled by billionaire Vladimir Lisin, said its 2022 strategy also aims to increase steel sales to 18 million tonnes a year. Click here to read full stories.

Mar 04 - Global miners flock to Toronto as buyout buzz spreads

Consolidation among smaller gold miners is expected to be top of mind as much of the industry meets in Toronto this week, with dealmakers cautiously optimistic a fresh wave of buyouts is imminent once major pending transactions are settled. Barrick Gold Corp's $18 billion hostile bid for rival Newmont Mining Corp last week came shortly after the former's acquisition of Randgold Resources and the latter's friendly offer for Goldcorp Inc. Click here to read full stories

Mar 04 - Investors spooked by Brazilian Vale's surprise CEO shake-up

Investors were skeptical on Sunday about the surprise decision by Brazil's Vale SA to remove its high-profile chief executive in the wake of a deadly January accident at one of the world's largest iron ore miner's facilities. Vale's board dismissed CEO Fabio Schvartsman, as well as three other executives including chief of coal and ferrous metals Peter Poppinga, on a "temporary" basis on Saturday night, after state and federal prosecutors recommended their exit.  Click here to read full stories

Mar 04 - Glencore highlights trade as 'foremost risk', others growing

Glencore said trade barriers are its "foremost risk", but climate, political, legal and other potential dangers have become more pressing for the mining and trading group. Glencore's annual report published on Friday said it was seeking to mitigate its risks through conservative spending and strict compliance after it said in February it would limit its coal capacity. Click here to read full stories

Mar 04 - Weathering the U.S. trade war? China's commodity imports, PMIs suggest yes: Russell

One of the characteristics of inflection points is volatility in the data, with the two surveys of China's vast manufacturing sector providing a case in point. The official Purchasing Managers' Index (PMI) for February showed a somewhat depressing drop to 49.2 from January's 49.5, sitting for a second month below the 50-level that separates growth from contraction. Click here to read full stories

Mar 04 - Cultural clash overshadowing Barrick's Newmont bid

Conflicting cultures and management styles are overshadowing Barrick Gold Corp's $18 billion bid for rival Newmont Mining Corp, becoming factors just as important to the deal's success as whether or not the pair's lucrative assets in Nevada and elsewhere fit well together. Mudslinging started almost as soon as the hostile all-stock, no-premium bid was announced on Monday. One rival executive compared the tension between Barrick Chief Executive Mark Bristow and Newmont CEO Gary Goldberg to the Hatfields and McCoys, two 19th Century U.S. families whose members held a grudge for generations. Click here to read full stories

Mar 04 - Mexico eyes fresh U.S. targets for tariffs to pressure Trump over steel

Mexico's government on Friday threatened to slap duties on new U.S. products in retaliation for the Trump administration's steel and aluminum tariffs as it seeks to turn up pressure on Washington to exempt it from the measures. U.S. President Donald Trump set tariffs of 25 percent on imported steel and 10 percent on aluminum last June, prompting Mexico and other trade partners to hit back. Mexico has consistently argued that the tariffs only damage commerce within North America and should be withdrawn. Click here to read full stories

Mar 04 - Dubai's DGCX launches aluminium and zinc futures

The Dubai Gold & Commodities Exchange (DGCX) said on Saturday it was launching two new base metal products, aluminium futures and zinc futures. The two new products, which will go live on March 22, are designed to appeal to global market participants, the DGCX said. Click here to read full stories

Mar 04 - Chinese steel mills delay iron ore restocking, eye cheaper alternatives

Chinese steel mills are slowing iron ore purchases and seeking cheaper alternatives to Australian supplies after a steep run-up in prices in February, five mill executives and several traders told Reuters this week. Benchmark prices for ore with 62 percent iron content published by Steelhome soared as much as 24 percent following the fatal dam collapse at a Vale SA -owned mine in late January, which sparked concerns about tight supplies. Click here to read full stories

Mar 04 - Canada PM speaks to Trump about tariffs, sources see little progress

Canadian Prime Minister Justin Trudeau spoke to U.S. President Donald Trump on Thursday about American tariffs on steel and aluminum, Trudeau's office said on Friday, but well-placed sources said there was little sign of progress. Ottawa strongly objects to the tariffs, which Trump imposed last year citing security concerns, and has pressed many times for them to be removed. Click here to read full stories

Mar 01 - Chilean miner SQM sees uncertain short-term demand for lithium 

Chilean miner SQM said on Thursday it foresees strong long-term demand for lithium but offered a short-term prognosis clouded by the entry of new projects into the market and slowing growth of demand for the product this year. The company's new chief executive, Ricardo Ramos Rodriguez, said in an earnings call he expected sales volume in 2019 to rise slightly from 2018, along with modestly higher average market prices. Click here to read full stories.

Mar 01 - China's strong imports help explain low LME metal stocks: Andy Home 

If you're wondering why London Metal Exchange (LME) stocks of metals such as copper and zinc are so low, part of the answer lies with the current strength of Chinese imports. LME copper stocks, excluding metal awaiting load-out, currently total a meagre 21,600 tonnes, the lowest since 2005. Click here to read full stories.

Mar 01 - Vedanta's daily losses since smelter shutdown total nearly $200 mln 

Vedanta Ltd told an Indian court it has been losing 50 million rupees ($706,000) a day ever since the closure of one of its copper smelters in May, after police fired on protesters against the plant and killed 13 people. The government of Tamil Nadu state ordered the smelter shut permanently on May 28 last year after bloody protests at the plant in the city of Thoothukudi culminated in police opening fire on demonstrators. Click here to read full stories.

Mar 01 - U.S. agriculture chief says trying to persuade Trump on steel quotas 

U.S. Agriculture Secretary Sonny Perdue said on Thursday he is working hard to persuade President Donald Trump that the U.S. steel industry can be adequately protected by tariff rate quotas, rather than plain tariffs, on imports from Canada and Mexico. The three North American countries on Nov. 30 signed the United States-Mexico-Canada Agreement (USMCA) pact to replace the North American Free Trade Agreement (NAFTA), which governs more than $1.2 trillion in trade. Click here to read full stories.

Mar 01 - Aurubis still on lookout for acquisitions – CEO 

Aurubis AG, Europe's biggest copper smelter, is still seeking growth via acquisitions, CEO Juergen Schachler said on Thursday. "As a practically debt-free company we possess a comfortable financial scope," Schachler told shareholders in Hamburg. Click here to read full stories.

Mar 01 - Peru plans to give Southern Copper key permit for long-delayed project - minister 

The Peruvian government will likely grant Southern Copper Corp a construction license for its $1.4 billion Tia Maria project before its environmental permit expires in August, the energy and mines minister told Reuters on Thursday. Southern Copper has spent years waiting for the construction license, a final green light for Tia Maria that consecutive governments have declined to give amid fears it would revive deadly protests that first derailed the project in 2011. Click here to read full stories.

Mar 01 - Voestalpine not keen on Tata, Thyssenkrupp assets 

Speciality steelmaker Voestalpine is not interested in buying assets from Germany's Thyssenkrupp or India's Tata Steel, should regulatory conditions for their merged steel venture make them available to rivals.  "Expansion in steel has for a long time not been part of our strategy," Voestalpine chief executive officer Wolfgang Eder told reporters on Thursday at a briefing in Frankfurt. Click here to read full stories.

Mar 01 - Ecuador says two mines on track to producing gold, copper this year 

Two of Ecuador's five mines in development are on track to start producing copper and gold in the fourth quarter of 2019 in line with plans, a senior government official said in an interview, as the country pushes to diversify its economy from oil exports. The construction of infrastructure is already well advanced at copper mine Mirador and gold mine Fruta del Norte, Vice Minister of Mines Fernando Benalcazar told Reuters on Thursday. Click here to read full stories.

Feb 27 - Rattled by Vale disaster, mining CEOs move to change industry 

After last month's deadly tailings dam disaster at a Vale SA facility in Brazil, Freeport-McMoRan Inc Chief Executive Richard Adkerson sent a memo to his 29,000 employees telling them to immediately report any safety concerns about the scores of dams his company operates. The disaster, which killed more than 300, has sparked a push to set global standards for the construction and inspection of tailings dams, which store the muddy detritus of the mining process, as well as emergency preparations. Click here to read full stories.

Feb 27 - Hot-rolled mess: China's steelmakers hit the skids as car sales slow 

China's steel mills may have taken a wrong turn by adding millions of tonnes of new high-end capacity just as the country's car sector, a key steel consumer, undergoes its first contraction in decades, cutting metal demand. Hot-rolled coil (HRC), steel that is heat processed into metal sheets used for car bodies and household appliances, was a steady profit driver for mills but orders are now slowing down, two major steel mills and several traders told Reuters. Click here to read full stories.

Feb 27 - Rio Tinto posts best underlying earnings since 2014, beats estimates 

Rio Tinto on Wednesday reported its highest annual underlying earnings since 2014, beating market expectations on robust commodity prices, and announced a bumper dividend on divestments and an upbeat iron ore outlook. Underlying earnings for the 12 months ended Dec. 31 rose to $8.81 billion, from $8.63 billion a year earlier. The figure was significantly higher than a consensus estimate of $8.47 billion compiled by Vuma Financial. Click here to read full stories.

Feb 27 - Nornickel expects bigger palladium supply deficit in 2019 

Norilsk Nickel, the world's largest palladium producer, said on Tuesday tighter emissions regulations in all major markets and flattish primary supply would widen a palladium deficit in 2019. Prices for palladium, chiefly used in emission-curbing auto catalysts, hit a record high in London on Tuesday as a threatened strike by South African mineworkers added to supply concerns in an already tight market. Click here to read full stories.

Feb 27 - Congo and Zambia win fight with copper miners but at a cost: Andy Home 

Last year it was the Democratic Republic of Congo. This year it is Zambia. Both African countries have driven through draconian changes to their mineral tax regimes, overcoming the entrenched opposition of some of the world's biggest mining houses. Both are betting that the world's need for their resources, particularly copper and cobalt, will keep the tax receipts flowing. Click here to read full stories.

Feb 27 - Glencore complains to LME about access to metal in Malaysia 

Glencore has lodged a complaint with the London Metal Exchange (LME) about the company's inability to take speedy delivery of aluminium from warehouses owned by ISTIM UK in Port Klang, Malaysia, two sources familiar with the matter said. London-listed commodity trader and miner Glencore bought 200,000 tonnes of aluminium on the LME late in January and made preparations to take that metal from ISTIM's warehouses. Click here to read full stories.

Feb 27 - Indonesia says scores missing after illegal gold mine collapses 

Indonesian officials said on Wednesday dozens of rescuers were using spades and ropes to dig out around 45 people who were feared buried by the collapse of an illegal gold mine on the island of Sulawesi that killed at least one person. Rescuers said they could hear the voices of some of those trapped in makeshift mining shafts in a muddy hillside in the Bolaang Mongondow area of North Sulawesi province and believed many were still alive. Click here to read full stories.

Feb 26 - China's Jan imports of Russian aluminium surge tenfold y/y - customs

China's imports of primary aluminium from Russia rose tenfold year on year in January, data released by the General Administration of Customs showed on Monday. China imported 11,185 tonnes of aluminium from Russia last month, the data showed, versus just 1,109 tonnes in the same month a year earlier. Click here to read full stories

Feb 26 - 'Loser' vs 'Anemic': Barrick's Newmont bid starts on toxic note

Long-time rivals Barrick Gold Corp and Newmont Mining Corp renewed their animosity on Monday with their chief executives trading insults after Barrick launched an $18 billion hostile bid for the U.S. company, presaging an aggressive battle. The tough talk underscored deep personality and cultural differences between the world's two biggest gold producers. Their past attempts to merge ended in acrimony in 2014, and the frictions could scuttle a deal this time too. Click here to read full stories

Feb 26 - Steinmetz's BSGR settles Guinea row, looks to Zogota iron ore

Billionaire Beny Steinmetz's BSG Resources (BSGR) will walk away from Guinea's massive Simandou iron ore project as part of a settlement ending a long-running dispute with the West African nation, the company and Guinea's government said on Monday. Development of Simandou - one of the world's biggest iron deposits, containing billions of tonnes of high-grade ore - has been hindered by years of legal wrangling as well as the $23 billion cost of the required infrastructure. Click here to read full stories

Feb 26 - Mexico to renew 15 pct steel tariff on countries without trade deals

Mexico will renew for six months a 15 percent steel tariff on countries with which it does not currently have free trade agreements, a senior government official said on Monday. The tariff was established in 2015 as a means to protect Mexico's domestic steel producers against growing Asian imports. Since then, the protectionist measure had been re-authorized every six months. Click here to read full stories

Feb 26 - Yancoal Australia profit soars on higher coal prices, expanded operations

Shares in Yancoal Australia Ltd jumped 28 percent on Tuesday after it reported a more than four-fold rise in 2018 underlying net profit, boosted by robust coal prices in its first full-year result since a major acquisition. Yancoal said late on Monday net profit before one-off items surged to A$868 million ($622 million) from A$211 million a year earlier, on an 86 percent rise in revenues, and flagged higher spending this year to improve efficiency. Click here to read full stories

Feb 26 - Brazil iron ore exports set to rise in Feb despite Vale shutdowns

Brazil's average daily iron ore exports in the first four weeks of this month outpaced shipments from February 2018, despite a disaster at a Vale SA facility last month that led it to halt several of its operations. For the month to Feb. 22, Brazil exported 1.4 million tonnes of iron ore per business day on average, exceeding the average daily shipments of the mineral in February 2018 by 7.8 percent, according to data from foreign trade agency Secex. Click here to read full stories

Feb 26 - Cupric Canyon's Khoemacau secures funding for Botswana copper mine

Private equity firm Cupric Canyon's Khoemacau Copper Mines said on Monday it has secured $565 million of funding for the construction of its copper and silver mine in Botswana. Sparsely-populated Botswana is the world's top diamond producer by value, but the government of the southern African country is trying to diversify the economy to reduce its dependence on the precious stone. Click here to read full stories

Feb 26 - Freeport investing to mitigate risk from tailings dams - CEO

Freeport-McMoRan Inc Chief Executive Richard Adkerson said on Monday his company has been investing heavily to mitigate any danger from tailings dams and is "comfortable" with engineering designs in place at existing dams. Adkerson's comments come a month after a Brazilian tailings dam controlled by rival Vale collapsed, killing more than 300. Click here to read full stories

Feb 26 - Australia's Queensland Rail moves up flooded track repairs to end-April

Australia's Queensland Rail said on Monday that it expects a railway hit by flooding this month, which disrupted zinc shipments from major producers such as Glencore, to be fixed as early as the end of April, sooner than it had expected. The 1,000-km (620-mile) rail line is used by miners including Glencore, MMG Ltd and South 32 to carry zinc and lead concentrate from the Mt Isa region to port at Townsville, as well as by fertiliser producer Incitec Pivot Ltd. Click here to read full stories

Feb 25 - Newmont says Barrick intends to propose changes of Newmont by-laws

Newmont Mining Corp said on Sunday that Barrick Gold Corp, owner of a tiny fraction of the U.S. mining company, intends to propose lowering the ownership threshold needed to call a meeting of Newmont shareholders. Newmont said it received notice of intent from a unit of Barrick for two shareholder proposals for consideration at Newmont's next annual meeting of stockholders. Click here to read full stories

Feb 25 - Low prices take their toll on global aluminium output: Andy Home

Global aluminium production contracted in China and the rest of the world in January. The world's smelters turned out 5.30 million tonnes of aluminium last month, down 1.1 percent on January 2018 and the lowest count since November 2017. The month-on-month slide was particularly dramatic, equivalent to an annualised decline in global output of 2.3 million tonnes. Click here to read full stories

Feb 25 - Chinese miner MMG to delay copper shipments as Peru community blocks road

Chinese miner MMG Ltd said on Monday it will have to delay some shipments of copper concentrate from Matarani Port in Peru due to a blockade by an indigenous community of a road used to transport copper from the company's Las Bambas mine. The indigenous community has blocked MMG from using the road to take copper to the port for the past 10 days, a lawyer representing the community said on Friday. Click here to read full stories

Feb 25 - Anglo American restarts Australian coal operations after worker fatality

Anglo American has restarted operations at its Moranbah North coal facility in Australia's Queensland state, it said on Monday, after one worker died and several were injured in a collision underground last week. The London-listed miner said in a statement it was still investigating the incident, as was the state's mines safety inspector, which involved a personnel carrier and a grading vehicle last Wednesday. Click here to read full stories

Feb 25 - Brazil prosecutors seek arrest of senior Vale exec after deadly disaster

Brazilian federal prosecutors are seeking the arrest of a Vale SA senior executive, authorities said on Friday, following the collapse of a dam holding mining byproducts that is believed to have killed over 300 people. This is the first time that prosecutors are seeking to detain a senior-level executive, although several mid-level employees were arrested after the disaster in the town of Brumadinho. Eight employees are still being held. Click here to read full stories

Feb 25 - Australia's BlueScope underlying profit jumps but sees softer H2

Australia's BlueScope Steel Ltd said on Monday its underlying earnings surged in the first half, but cautioned that its second half performance would be softer. The steelmaker said its best half on record was driven by strong demand and steel spreads in its U.S. and Australasian markets. Click here to read full stories

Feb 25 - Australia's Evolution Mining buys 19.9 pct stake in Tribune Resources

Australian gold company Evolution Mining Ltd said on Monday it had acquired a 19.9 percent stake in smaller peer Tribune Resources Ltd for A$41.3 million ($29.55 million). Evolution said Tribune's major asset was its interest in the East Kundana mining operation in Western Australia, a joint venture between Northern Star Resources Ltd, Rand Mining Ltd and Tribune. Click here to read full stories

Feb 25 - China says Australian coal imports remain normal, Canberra seeks to calm investors

China's foreign ministry said on Friday that Australian coal imports to the country continue as normal, although it added customs authorities had stepped up environment and safety checks on foreign cargoes. The statement came after sources at Chinese ports told Reuters Australian coal imports are facing longer waiting times to clear customs than other supplies, and the northern port of Dalian was halting Australian coal shipments. Click here to read full stories

Feb 25 - Nippon Steel aims for output near 11 mln T a quarter for 2019/20

Japan's top steelmaker Nippon Steel & Sumitomo Metal aims to boost crude steel output to nearly 11 million tonnes a quarter in the year from April 1, after system troubles cut production and its profit outlook this year, a senior executive said. "We should be able to produce 11 million tonnes of crude steel a quarter, but actual output has been falling short of it in the past few years," Nippon Steel Executive Vice President Katsuhiro Miyamoto told Reuters in an interview on Friday. Click here to read full stories

Feb 25 - Mexico mulls measures to support steel, textile industries

Mexico's government on Friday signaled it could adopt measures to protect its steel and textile industries as President Andres Manuel Lopez Obrador said producers had been left "defenseless" by previous administrations. At the end of January, the government opted not to renew a 15 percent tariff on steel imports from 2015 that protected Mexico's steel industry from rising Asian imports, especially from China. The government also allowed tariffs to come down for imports of textile and footwear products from countries with which Mexico has no trade agreements. Click here to read full stories

Feb 25 - Indonesia to tap nickel laterite, make batteries to become EV hub

Indonesia plans to start processing its rich supplies of nickel laterite ore for use in lithium batteries on the way to becoming a global hub for producing and exporting electric vehicles (EVs) to Asia and beyond, a senior minister told Reuters. Southeast Asia's biggest economy is hoping a $4 billion Chinese-led project to produce battery-grade nickel chemicals will pay dividends by helping to attract EV production into the country.  Click here to read full stories

Feb 25 - Chile's mines minister holds 2019 copper price prediction at $3.05 per pound

Chile's mines minister, Baldo Prokurica, on Friday maintained the government's 2019 copper price prediction of $3.05 per pound, amid optimism about U.S.-China trade talks underway in Washington. "The copper price on the international market today is not a reflection of supply and demand but of the effects of the trade war between China and the U.S.," he told a press conference in Santiago. Click here to read full stories

Feb 22 - Australia seeks to calm investors over China coal ban 

Australia's prime minister sought to ease fears on Friday of a further rift in ties to China following a ban on coal imports at the northern port of Dalian that knocked coal exporters and the local dollar. The Australian currency fell more than 1 percent to a 10-day low of $0.7070 on Thursday after Reuters reported that customs at the Chinese port had banned imports of Australia's biggest export earner since the start of February. Click here to read full stories.

Feb 22 - Canada's Barrick Gold considers hostile $19 bln bid for Newmont Mining - media 

Canada's Barrick Gold Corp is considering a hostile bid for Newmont Mining Corp for about $19 billion in stock, in what would potentially be one of the largest-ever mining deals, the country's Globe and Mail newspaper reported. The paper, which also reported that Barrick would flip some of Newmont's assets to Australia's Newcrest Mining, cited industry sources familiar with the situation. Click here to read full stories.

Feb 22 - Strange days for coal with Glencore's cap, China curbs: Russell 

It's been weird in the coal world in recent days, with the world's largest shipper saying it's capping output, biggest seaborne buyer China putting restrictions on some imports, and an Australian court saying mines must factor in climate change. Throw in an executive at a major Indian coal-fired power generator saying his company won't build any new plants as coal can't compete with renewables, and it's little surprise that environmental activists may be tempted to pop champagne corks. Click here to read full stories.

Feb 22 - LME copper squeeze will test market's bull credentials: Andy Home 

Is copper finally about to break up out of its well-trodden seven-month range? London Metal Exchange (LME) three-month copper came tantalisingly close on Wednesday with a mini-surge to $6,426.50, challenging the upper band of the $5,725 to $6,440 range that has defined the market since July 2018. The market was regrouping Thursday around the $6,380 level. Glencore set the ball rolling with an announcement that an "updated mine plan" at its Mutanda copper operations in the Democratic Republic of Congo would reduce output by 100,000 tonnes per year. Click here to read full stories.

Feb 22 - Newmont Mining profit beats on higher gold output, lower costs 

U.S. gold miner Newmont Mining Corp beat analysts' estimates for quarterly profit on Thursday, boosted by higher gold production in its Colorado and Ghana mines and lower costs. The company is set to overtake Barrick Gold Corp as the world's largest gold producer following its acquisition of rival Goldcorp Inc, which is expected to close in the second quarter. Click here to read full stories.

Feb 22 - AMCU plans to extend Sibanye gold strike to other S.African miners 

Workers led by South Africa's Association of Mineworkers and Construction Union (AMCU) plan to down tools at gold and platinum mines next week in support of colleagues at Sibanye-Stillwater who are striking over wages and job cuts. AngloGold Ashanti, Harmony Gold, Anglo American Platinum Lonmin, Village Main Reef and DRDGold have received notices of the strike action, which is expected to begin on Feb. 28 and last until March 7, industry body, the Minerals Council, said on Thursday. Click here to read full stories.

Feb 22 - South Africa's Northam Platinum H1 profit soars, sees solid FY output 

South Africa's Northam Platinum said on Friday half-year profit surged 192 percent boosted by higher sales volumes, an increase in the basket price of platinum group metals (PGM) and a weakening rand. Normalised headline earning per share (HEPS) for the six months ended Dec. 31 rose to 108.5 cents, from 37.1 cents during the same period a year earlier. Click here to read full stories.

Feb 22 - Brazil regulator suspends operations at two Vale mine complexes 

Brazil's mining regulator has ordered Vale SA to suspend activity at its Fabrica and Vargem Grande complexes, the iron ore miner said late on Wednesday, as authorities crack down after last month's fatal dam break. In a statement, Vale said the ANM mining regulator ordered the suspension in light of the possible failure of five dams at the mining sites in the interior state of Minas Gerais. Click here to read full stories.

Feb 22 - Brazil steelmaker CSN mulls sales of Usiminas shares to cut debt 

Cia Siderúrgica Nacional SA, Brazil's second-largest producer of flat steel products, said on Thursday it was considering selling its preferential shares in larger rival Usinas Siderúrgicas de Minas Gerais SA. The sale would help CSN meet it meet its goal of cutting debt to three times EBITDA this year, the company's Chief Executive Benjamin Steinbruch and other executives said in a call with analysts. Click here to read full stories.

Feb 21 - China's Dalian port bans Australian coal imports, sets 2019 quota - source 

Customs at China's northern Dalian port has banned imports of Australian coal and will cap overall coal imports for 2019 through its harbours at 12 million tonnes, an official at Dalian Port Group told Reuters on Thursday. The indefinite ban on imports from top supplier Australia, effective since the start of February, comes as major ports elsewhere in China prolong clearing times for Australian coal to at least 40 days.  Click here to read full stories.

Feb 21 - Anglo American core profit beats on higher prices, lower costs 

Anglo American Plc on Thursday posted better-than-expected underlying core earnings, driven by higher prices of several commodities, strong volumes and lower costs. Anglo, which was among the miners hardest hit by the 2015-16 commodities price crash, has since made one of the strongest recoveries by shedding assets and improving its balance sheet. Click here to read full stories.

Feb 21 - India's Adani could win Carmichael mine approval within 2 years - Queensland resources official 

India's Adani Enterprises could theoretically win environmental approval for construction of the Carmichael coal mine in Australia in the next two years, a Queensland state resources official said, despite opposition from activists concerned about its impact on the Great Barrier Reef. The firm, which plans to start producing around 10 million tonnes of coal a year and eventually ramp up to 27.5 million tonnes, has been at loggerheads with environmental activists in the eight years since the project was first proposed. Click here to read full stories.

Feb 21 - Japan steel industry eyes Brazil reaction to Vale dam disaster 

Japan's steel industry is closely watching the Brazilian government's reaction to the collapse of a dam operated by miner Vale SA for any impact on iron ore production and shipments, the head of a steel industry group said on Thursday. "We don't know if the recent rally in the iron ore market will be short-lived or will lead to a structural change of the market for the long term," Japan Iron and Steel Federation Chairman Koji Kakigi told a news conference. Click here to read full stories.

Feb 21 - S.Africa's Sibanye-Stillwater posts FY attributable loss of $178 mln 

Precious metal miner Sibanye-Stillwater posted a full-year attributable loss of 2.5 billion rand ($178.10 million) on Thursday, hit by multiple disruptions at its South African gold operations and a deferred tax charge. The company posted a headline loss per share of 1 cents for the year ended Dec. 31, 2018, compared with a loss of 12 cents per share in the previous year. In 2017, it made an attributable loss of 4.437 billion rand. Click here to read full stories.

Feb 21 - Barrick details proposal to settle Acacia dispute with Tanzania 

Canadian miner Barrick Gold outlined on Wednesday details of a deal it reached with the government of Tanzania to settle its disputes with Acacia Mining, including a $300 million payment to resolve tax claims in the country. The news sent London-listed shares in Acacia, which is 63.9 percent owned by Barrick, up 6 percent to their highest since October 2017, when an initial framework agreement was announced. Click here to read full stories.

Feb 21 - Albemarle bullish on lithium outlook after 4th quarter profit 

Albemarle Corp, the world's largest lithium producer, posted a higher-than-expected quarterly profit on Wednesday and gave a bullish 2019 outlook, saying it sees nothing that could slow demand for the white metal used to make electric car batteries. The forecast for sales growth of up to 14 percent this year comes as anxiety grows among some investors that the race to supply lithium for batteries and other materials could flood the market, hurting profits by decreasing prices. Click here to read full stories.

Feb 21 - Controversial Alaska gold-copper mine moves step closer to approval 

The world's biggest undeveloped gold and copper mining project, planned in southwestern Alaska near the largest fishery for sockeye salmon globally, moved a step closer to approval on Wednesday after the U.S. Army Corps of Engineers released a draft environmental impact statement. The Pebble Mine would produce 70 million tons of gold, molybdenum and copper ore a year and create a pit 1,970 feet (600 meters) deep. A new road, pipeline and power plant would be built, according to the mine plan. Click here to read full stories.

Feb 21 - Eramet plans new measures for nickel unit as losses continue 

France's Eramet said on Wednesday it would make a fresh effort this year to stem losses at its nickel business in New Caledonia to avoid a cash crunch next year. Previous efforts to reduce production costs at the SLN unit suffered a setback last year due to higher energy prices, exchange rate effects and protests at its New Caledonian mines, Chairman and CEO Christel Bories said. Click here to read full stories.

Feb 21 - GFG Alliance gets $465 mln in working capital for Australian ops 

GFG Alliance, a privately held metal and energy conglomerate that is building a steel business in Australia, said on Thursday it has secured $465 million in working capital from two boutique lenders. London-headquartered GFG said in a statement it has agreed new credit lines from U.S.-based White Oak Global Advisors LLC and Greensill Capital UK Ltd for A$650 million ($465 million) for working capital management and planned growth opportunities. Click here to read full stories.

Feb 20 - Glencore's 2018 earnings rise, announces $3 bln share buyback plan 

Trading company Glencore said on Wednesday it would buy up to $3 billion worth of its shares as higher pricing and production boosted full-year adjusted core earnings by 8 percent. The share repurchase plan follows last year's announcement of a $1 billion buyback, reflecting the recovery in mining companies following the commodity price crash of 2015-16. Click here to read full stories.

Feb 20 - Australia's Fortescue beats estimates as iron ore pricing improves 

Australia's Fortescue Metals Group blew past estimates for its first-half profit on Wednesday on the back of higher prices for its iron ore, adding further fuel to a share price rally following constraints on Brazilian output. The world's fourth-biggest iron ore miner rewarded shareholders by nearly tripling its interim dividend to A$0.30 a share, including a special dividend, reflecting confidence in the outlook for iron ore prices. Click here to read full stories.

Feb 20 - Chile says rains have hurt productivity at Codelco copper mines 

Intense rains at the start of this month in Chile, the world's top copper miner, likely hurt productivity at state-owned miner Codelco's Chuquicamata and Radomiro Tomic mines, the country's mining minister said Tuesday. Chile's mining industry has lost about $300 million due to the unusually strong rains that destroyed infrastructure and forced some mining operations to be suspended, according to preliminary government figures. Click here to read full stories.

Feb 20 - The United States' aluminium tariff wall is crumbling: Andy Home 

It is almost a year since the United States imposed duties on imports of aluminium and steel on national security grounds. If the aim of the so-called "Section 232" tariffs was to lift domestic production, President Donald Trump's administration can claim a degree of success. Click here to read full stories.

Feb 20 - S.Africa's AngloGold looks to streamline assets, Argentine mine up for sale 

South Africa's AngloGold Ashanti said on Tuesday it was putting its interests in an Argentine mine up for sale as it looks to focus on operations with a longer shelf life and ability to deliver higher returns. AngloGold Chief Executive Kelvin Dushnisky, Barrick Gold's former president, was appointed to head the firm last year and has rolled out plans to streamline its portfolio, set a 15 percent hurdle on returns on investment and cut debt leverage targets to a ratio of 1.0 times net debt to adjusted Earnings before interest, tax, depreciation and amortization. Click here to read full stories.

Feb 20 - Global lead market narrows deficit to 98,000 T in 2018 - ILZSG 

The global lead market narrowed its annual deficit to 98,000 tonnes in 2018 compared to a shortfall of 148,000 in the previous year, data from the International Lead and Zinc Study Group (ILZSG) showed on Tuesday. In December, lead logged a deficit of 14,400 tonnes from 27,800 tonnes in November. Click here to read full stories.

Feb 20 - Chile charges Lumina Caserones copper mine with using too much water 

Chile's environmental regulator on Tuesday said it had filed charges against Lumina Copper for infractions related to over-extraction of water from wells feeding its Caserones copper mine. The environmental watchdog, known locally as the SMA, said in a statement that it presented 18 charges related to the mining company's operations, controlled in a partnership of JX Holding and Mitsui Mining. Click here to read full stories.

Feb 20 - German firm halts Vale dam certifications after disaster 

German inspection firm TÜV SÜD said on Tuesday it will no longer certify tailings dams owned by the world's largest iron ore miner Vale SA, after a dam burst in January, killing over 300 people. The firm, which had signed off on Vale's dams in the past, said in a statement there was "heightened uncertainty" over whether the current certifications system is appropriate. Click here to read full stories.

Feb 20 - Zinc market deficit narrows to 61,800 T in December - ILZSG 

The global zinc market deficit narrowed to 61,800 tonnes last December from a revised deficit of 80,900 tonnes in November, data from the International Lead and Zinc Study Group (ILZSG) showed on Tuesday. In the full year 2018 the zinc market had a 384,000 tonne deficit, compared with a deficit of 442,000 tonnes in 2017. Click here to read full stories.

Feb 20 - Peru launches crackdown on illegal gold mining in Amazon 

Peru on Tuesday launched a drive to eliminate illegal gold mining in one of the Amazon's most biodiverse corners, sending 1,500 police and military officers to a region that has suffered rising deforestation from wildcat mining. President Martin Vizcarra's government said it was suspending civil liberties and tasking the military with restoring law in Madre de Dios, a rainforest region known for its biodiversity, carbon-rich forests and indigenous tribes that shun contact. Click here to read full stories.

Feb 19 - Glencore to take 200,000 T of aluminium from ISTIM Port Klang warehouses 

Mining giant Glencore has bought 200,000 tonnes of aluminium on the London Metal Exchange and will take delivery of the metal from warehouses owned by ISTIM UK in Port Klang, Malaysia, five sources familiar with the matter said. Glencore wants the aluminium for delivery to clients but sources said the move was also a direct challenge to ISTIM, which is preventing companies from taking LME warranted metal when needed from its warehouses in Port Klang.  Click here to read full stories.

Feb 19 - Global miner BHP Group H1 profit falls 8 pct as copper earnings slump 

The world’s biggest miner BHP Group said on Tuesday its first-half profit fell 8 percent as copper earnings slumped because of declining ore quality at its Escondida mine and a number of production outages globally. Underlying profit from continuing operations for the six months that ended on Dec. 31 fell to $4.03 billion from $4.40 billion a year ago, the company said in a statement. That missed consensus estimates compiled by Vuma Financial of $4.209 billion. Click here to read full stories.

Feb 19 - Top Citgo executives removed amid battle to control firm - sources 

Citgo Petroleum Corp has removed at least three top executives close to Venezuelan President Nicolas Maduro, people familiar with the matter said on Monday, in a move to cement management control under a new board of directors. The U.S. refining arm of Venezuelan state-run oil company PDVSA has been thrust in recent weeks into the center of a political battle between an opposition leader and self-declared president backed by many Western nations, including the United States, and Maduro, a socialist whose re-election last year they consider illegitimate. Click here to read full stories.

Feb 19 - Brazil bans upstream mining dams after deadly Vale disaster 

Brazil's government on Monday banned new upstream mining dams and ordered the decommissioning of all such dams by 2021, targeting the type of structure that burst last month in the town of Brumadinho, killing hundreds of people. Those dams, which hold mining byproducts, are cheaper to build but present higher security risks because their walls are constructed over a base of muddy mining waste rather than on solid ground. Click here to read full stories.

Feb 19 - ArcelorMittal looks to snag another piece of Essar empire 

ArcelorMittal SA, the world's biggest steelmaker, has bid 48 billion rupees ($673 million) to acquire Essar's 1200 megawatt power plant in central India, one of the most prized assets in the debt-ridden group's power portfolio. The bid for the power plant once again pits ArcelorMittal chief Lakshmi Mittal against the Ruia family, who are already fighting to prevent their flagship steel asset from falling into the hands of the global steel giant. Click here to read full stories.

Feb 18 - Miner Vale evacuates 200 people near Brazilian dam on fears of instability 

Around 200 residents were evacuated from an area near a tailings dam in Brazil operated by Vale SA late on Saturday, amid fears that it was structurally weak and could burst like a similar barrier failure last month that killed 300 people. Vale said in a statement that it had evacuated people living near the inactive B3/B4 dam of the Mar Azul mine about 25 kilometers south of Belo Horizonte, the capital of Minas Gerais state, after revising security data on the structure. Click here to read full stories.

Feb 18 - Freeport Indonesia has not received new copper export permit - spokesman 

PT Freeport Indonesia's copper concentrate export permit expired on Feb. 15, and the company has not received export recommendations from the mining ministry that will help it to obtain a new permit, company spokesman Riza Pratama said on Monday in a text message. The unit of Freeport McMoRan for the time being is shipping part of its production to its smelter in East Java, Pratama said. Click here to read full stories.

Feb 18 - Tokyo Steel to hold prices steady in March for 3rd month 

Tokyo Steel Manufacturing Co Ltd, Japan's top electric-arc furnace steelmaker, said on Monday it would keep its steel product prices steady in March because of a softer overseas market and slow winter demand for local construction. This is the third straight month the company kept prices unchanged for all of its steel products, including its main H-shaped beams. Click here to read full stories.

Feb 18 - Petra Diamonds adjusted core profit falls, appoints Duffy as CEO 

Miner Petra Diamonds Ltd on Monday reported lower first-half adjusted core earnings hurt by falling diamond prices, and said it had appointed industry veteran Richard Duffy as its new chief executive officer. Petra, which runs the iconic Cullinan mine in South Africa, said adjusted earnings before interest, tax, depreciation and amortization (EBITDA) fell 6.4 percent to $75.6 million in the six months ended Dec. 31, from $80.8 million a year ago. Click here to read full stories.

Feb 18 - EU starts investigation into Chinese steel wheel imports 

The European Commission has begun an investigation into whether Chinese producers are dumping steel vehicle wheels into Europe at excessively low prices, the EU official journal said on Friday. The journal entry said the complainant, the Association of European Wheel Manufacturers (EUWA), had provided evidence that Chinese wheel imports had increased to gain market share, harming EU manufacturers. Click here to read full stories.

Feb 18 - Canada's Freeland pushes end of steel, aluminum tariffs in meeting with Pelosi 

Canadian Foreign Minister Chrystia Freeland said on Saturday she had made clear in a meeting with U.S. House of Representatives Speaker Nancy Pelosi at the Munich Security Conference the importance of the U.S. lifting tariffs on steel and aluminum imports from Canada. Freeland said that while Canada is now focused on its domestic ratification process for the U.S.-Mexico-Canada (USMCA) trade deal, it remains strongly opposed to the Section 232 tariffs on steel and aluminum. Click here to read full stories.

Feb 18 - India's top court revokes order to reopen Vedanta smelter 

India's Supreme Court on Monday set aside an order by an environmental court which had cleared the way for reopening Vedanta's south Indian copper smelter, in a blow to the company's plans to begin operations. The government of Tamil Nadu state ordered the smelter shut permanently in May after violent protests at the plant in the city of Thoothukudi in which 13 people were killed. Click here to read full stories.

Feb 18 - South Africa's Amplats profit nearly doubles on higher prices, improved operations 

South Africa's Anglo American Platinum Ltd (Amplats) on Monday reported a 95 percent surge in full-year profit, boosted by higher metals prices and an improved operational performance. Headline earnings per share (HEPS) - the main profit measure in South Africa that strips out certain one-off items - rose to 28.93 rand ($2.06) for the year ended Dec. 31, 2018, compared with 14.82 rand a year before. Click here to read full stories.

Feb 18 - Zimbabwean rescuers pull 22 bodies from mine, eight more found alive 

Zimbabwean rescuers pulled the bodies of at least 22 illegal gold miners out of shafts west of Harare that were flooded earlier in the week, and rescued eight more alive, officials and witnesses said on Saturday. The accident involving about 70 miners in Battlefields, 175 km (109 miles) west of the capital, happened on Tuesday night and has shone a light on the risks run by illegal gold miners, who last year contributed a large part of Zimbabwe's record 33 tonne bullion output. Click here to read full stories.

Feb 18 - Brazil's Usiminas more than doubles profit in 2018 

Brazilian steelmaker Usinas Siderurgicas de Minas Gerais on Friday reported a profit of 830 million reais ($223 million) for 2018, more than double its earnings from a year ago. The company is optimistic that prices will continue to rise, executives said separately in a conference call with analysts, forecasting they may increase up to 10 percent in the second half of the year. Click here to read full stories.

Feb 15 - Vale's safety measures have not worked, CEO says as woes grow 

Brazilian miner Vale's safety procedures have not worked, the company's chief executive said on Thursday, responding to questions from lawmakers after one of the company's dams collapsed last month with the loss of hundreds of lives. The company, which is still dealing with the consequences of the 2015 collapse of a nearby dam it co-owned, is facing several investigations over the Jan. 25 disaster in the town of Brumadinho in Minas Gerais state. Click here to read full stories.

Feb 15 - U.S. trustees for Russia's En+ to be paid by En+ 

A veteran U.S. congressman has criticised what he calls a lack of accountability in a deal to restrict Russian tycoon Oleg Deripaska's control over his En+ Group after Reuters established that three independent trustees would be paid by En+ itself. The previously unreported compensation arrangement is the latest detail to emerge about a decision by the administration of U.S. President Donald Trump to lift sanctions on En+ and aluminium giant Rusal, which En+ controls. Click here to read full stories.

Feb 15 - Brazilian mine tragedy will not be the last tailings dam disaster: Home 

The collapse of Vale's Brumadinho iron ore tailings dam in Brazil was both shocking and devastating in its impact. But it was not a one-off event. It was the 11th serious tailings dam failure in the last decade and such catastrophic events are becoming more frequent, according to researchers at World Mine Tailings Failures (WMTF). Click here to read full stories.

Feb 15 - China's top steelmaking province of Hebei issues orange smog alert 

China's Hebei province, home to the country's biggest steelmaking cities, issued an orange pollution alert on Friday as a wave of smog was expected to blanket the region. Orange alerts, the second-highest after red in China's four-tier pollution warning system, require industrial companies to cut output by at least 30 percent. Click here to read full stories.

Feb 15 - India could extend deadline on steel import rules for automakers - sources 

India is considering extending by four months a compliance deadline on tougher import rules for steel that are aimed at forcing automakers to use locally made alloy, said two sources familiar with the matter. Compliance to the new rules had been set for Feb. 17, which was an extension of two months, but strict adherence to the regulations would have stalled production for India's auto industry, a federal minister has warned.  Click here to read full stories.

Feb 15 - Sibanye-Stillwater may cut nearly 6,000 jobs in gold shake-up 

Sibanye-Stillwater could cut nearly 6,000 jobs in a potential restructuring of the company's gold mining operations following losses at some of its mines last year. The precious metal miner said it had entered into talks with stakeholders on restructuring its gold operations following financial losses at the Beatrix 1 and Driefontein 2,6,7,8 shafts during 2018, which could affect around 5,870 employees and 800 contractors. Click here to read full stories.

Feb 15 - Tin use in batteries may rise to 60,000 T by 2030 - industry group 

Tin could see a surge of new demand from lithium-ion batteries for electric vehicles and energy storage of up to 60,000 tonnes a year by 2030, the International Tin Association (ITA) said on Thursday. Investors have been excited about the prospects for increased consumption of other metals, such as nickel, due to an expected ramp up of electric vehicles, but there has been less mention of tin, currently mainly used to make solder for the electronics industry. Click here to read full stories.

Feb 15 - Australian miner Fortescue says 2 driverless trucks involved in low-speed incident 

Australian iron ore miner Fortescue said on Friday that one of its driverless trucks, travelling at low speed, ran into another that was parked at its remote Western Australian operations in an incident earlier this week. Noone was hurt or at risk of being injured in the Feb. 11 incident, the miner said in a statement. Fortescue has been retrofitting its extensive fleet of huge mining trucks with autonomous haulage systems (AHS) over the past several years. Click here to read full stories.

Feb 15 - South32's Colombia ferronickel unit avoids strike with mine unions 

Australian ferronickel miner South32 has agreed to a four-year contract with two unions at its Cerro Matoso mine in Colombia, avoiding a strike over pay and other benefits, the company said on Thursday. Without a deal, the Sintramineros and Sintracerromatoso unions would have called their members to vote on whether to strike or go to arbitration. Click here to read full stories.

Feb 15 - S.Africa's Gold Fields FY profit slumps as production drops 

South Africa's Gold Fields Ltd said on Friday its full-year profit slumped 73 percent, dented by a decline in bullion production led by its South Deep operations. Headline earnings per share (HEPS) fell to $0.07 per share, for the full year ended Dec. 31, 2018, from $0.26 in the previous year. Click here to read full stories.

Feb 14 - China Jan aluminium exports hit record high; copper imports rise 

China's aluminium exports surged to a record high in January, according to customs data released on Thursday, as weak domestic demand led to another bumper month of shipments overseas. Exports of unwrought aluminium and aluminium products from China, the world's top producer of the metal, rose to 552,000 tonnes last month, the General Administration of Customs said. Click here to read full stories.

Feb 14 - Famed Cullinan mine banks on big diamonds to drive down debt 

The owner of one of the world's most famous diamond mines could be about a decade away from clearing its multi-million-dollar debts, in a sign of the struggles facing an industry assailed by synthetic rivals and uncertain demand. Petra Diamonds bought Cullinan in 2008, aiming to breathe new life into the South African mine renowned for yielding the largest rough gem diamond ever found - 3,106 carats - and being the world's main source of rare blue diamonds. Click here to read full stories.

Feb 14 - China iron ore imports rise on pre-holiday restocking 

China's iron ore imports climbed 5.3 percent in January from December, customs data showed, supported by strong restocking demand at steel mills ahead of the week-long Lunar New Year holiday this month. Shipments of the steelmaking raw material last month were 91.26 million tonnes, up from 86.65 million tonnes in December, but were still shy of 100.3 million tonnes in January last year, data from the General Administration of Customs showed on Thursday. Click here to read full stories.

Feb 14 - Norway gives go-ahead to disputed Arctic copper mine 

Norway's government approved on Thursday the building of a copper mine near Europe's northernmost point despite years of opposition from indigenous Sami herders and fishermen. Norway's decision on the copper mine has been viewed as a litmus test for the Arctic, where climate change and technology are enabling mineral and energy extraction, shipping and tourism, but threatening traditional ways of life. Click here to read full stories.

Feb 14 - Barrick sets bullish 2019 gold output target after Randgold deal 

Barrick Gold Corp on Wednesday forecast a double-digit jump in gold output this year, underscoring the growth potential of the world's largest publicly traded bullion producer after it bought rival Randgold Resources last month. The company expects to produce 5.1 million to 5.6 million ounces of gold in 2019, an increase of at least 13 percent from 2018 levels. Click here to read full stories.

Feb 14 - Palladium supply shortfall will worsen this year - Johnson Matthey 

A deficit in the palladium market that has driven prices of the autocatalyst metal to record highs will widen dramatically this year, specialist materials company Johnson Matthey said in a report on Wednesday. The company, a leading autocatalyst manufacturer, said the shortfall in the roughly 10 million ounce-a-year palladium market narrowed in 2018 to 29,000 ounces from 787,000 ounces in 2017, its widest in three years. Click here to read full stories.

Feb 14 - Australia's Queensland Rail says expects to repair flooded track within 6 months 

Australia's Queensland Rail said on Thursday that it expects a rail track hit by flooding this month that has disrupted zinc shipments from major producers like Glencore to be repaired within the next six months. The 1,000 km (620 mile) rail line is used by miners including Glencore, MMG Ltd and South 32 to carry zinc and lead concentrate from the Mt Isa region, with at least one miner eyeing more expensive trucking. Click here to read full stories.

Feb 14 - Australia's South32 HY profit jumps, raises forecast for key Illawarra project 

The world's largest manganese miner South32 Ltd on Thursday posted an 18 percent rise in half-year underlying profit as a surge in metallurgical coal output and stronger commodity prices helped boost its bottom-line. Fortunes of the miner improved after production at its Illawarra Metallurgical Coal project which accounts for most, if not all, of South32's coking coal output, ramped up during the second quarter. Click here to read full stories.

Feb 14 - Thyssenkrupp employees will not support Tata JV at any price 

Labour leaders, who hold half the seats on Thyssenkrupp's supervisory board, will not support a planned joint venture with Tata Steel if concessions in ongoing antitrust proceedings go too far, a union representative said. Thyssenkrupp and Tata Steel are planning to combine their European steel activities to create the continent's No. 2 steelmaker after ArcelorMittal, raising concerns that far-reaching remedies are required to secure antitrust approval. Click here to read full stories.

Feb 13 - Vale CFO says miner's top managers were unaware of dam risk report 

Senior management at Brazilian miner Vale were never shown internal security documents indicating that its dam at Brumadinho was at risk of collapse, the company's chief financial officer said on Tuesday. The CFO, Luciano Siani, was asked about management's knowledge of the internal documents at a news conference a day after Reuters reported on them. The documents, dated Oct. 3, 2018, classified the dam at Brumadinho as being two times more likely to fail than the maximum level of risk tolerated under internal guidelines. The dam collapsed in late January in one of the deadliest mining disasters in decades.  Click here to read full stories.

Feb 13 - Cobalt's price crash bottoming out, stocks to hinder quick rally 

Cobalt's near year-long price slide is finally coming to an end, but high inventories of the battery metal will stop prices quickly re-claiming 2018's 10-year highs. London Metal Exchange prices have crashed to two-year lows of $32,000 a tonne compared with levels near $100,000 in the first half of 2018. Click here to read full stories.

Feb 13 - Australia flooding to disrupt lead, zinc concentrate rail shipments 

Floods in Australia's Queensland state are set to disrupt the rail delivery of zinc exports to the northern port of Townsville, with the line likely to be out of action for at least a month, analysts said on Wednesday. The 1,000 km (620 mile) rail line is used by miners including Glencore, MMG Ltd and South 32 to carry zinc and lead concentrate from the Mt Isa region, with at least one miner eyeing more expensive trucking. Click here to read full stories.

Feb 13 - Nickel rally fades, electric vehicle buzz doesn't: Home 

Was it another false dawn for the nickel market? Last week's rally to a five-month high of $13,350 per tonne on the London Metal Exchange has gone into sharp reverse. Nickel was trading back at $12,385 on Tuesday. Click here to read full stories.

Feb 13 - Aurubis Q1 earnings fall almost half on plant shutdowns 

Aurubis AG, Europe's largest copper producer, said on Wednesday quarterly operating earnings fell by almost half following a series of plant shutdowns for maintenance. Operating earnings before taxes (EBT) were 40 million euros ($45.3 million) in the first quarter of its 2018/19 financial year to end-December, compared with 79 million euros a year earlier. Click here to read full stories.

Feb 13 - Hochschild Mining shuts down Arcata mine in Peru 

Gold and silver miner Hochschild Mining Plc has suspended operations at its Arcata precious metal mine in south west Peru, saying a low silver price had left it no choice but to halt production at the mine. The company, which operates three mines in southern Peru and one in southern Argentina, said the mine would be on "full care and maintenance" status by the second quarter of 2019. Click here to read full stories.

Feb 13 - Teck Resources misses profit estimates on lower oil, metal prices 

Canada's Teck Resources Ltd, the world's second-biggest exporter of steel-making coal, posted a lower-than-expected quarterly profit on Wednesday, hurt by weak prices for heavy crude and base metals. Transportation bottlenecks in the country have pushed prices of Canadian oil lower, hurting the company's energy business unit, while the U.S.-China trade dispute has roiled the commodities markets. Click here to read full stories.

Feb 13 - S.Africa's Sibanye-Stillwater may restructure loss-making gold shafts 

South Africa's Sibanye-Stillwater said on Tuesday it was considering measures, including restructuring if alternative solutions could not be found to bring loss-making gold shafts back to profitability. Gold producers in Africa's most industrialised economy, which have some of the world's deepest mines, have seen profits squeezed by rising costs, labour unrest and declining grades. Click here to read full stories.

Feb 12 - Brazil miner Vale knew deadly dam had heightened risk of collapse 

Vale SA, the world's largest iron ore miner, knew last year that the dam in Brazil that collapsed in January and killed at least 165 people had a heightened risk of rupturing, according to an internal document seen by Reuters on Monday. The report, dated Oct. 3, 2018, classified the dam at Brumadinho in the state of Minas Gerais as being two times more likely to fail than the maximum level of risk tolerated under internal guidelines. Click here to read full stories.

Feb 12 - Thyssenkrupp, Tata Steel to get EU warning on steel JV - sources 

Germany's Thyssenkrupp and India's Tata Steel will be warned this week that EU antitrust regulators could veto their planned European steel joint venture unless they offer concessions, people familiar with the matter said on Monday. The European Commission is expected to send a charge sheet known as a statement of objections to the companies, the people said. Such documents set out serious competition concerns which companies have to address with specific concessions or see their deal blocked. Click here to read full stories.

Feb 12 - Vale iron ore dam disaster may force China steel mills to change: Russell 

Chinese steel mills may be forced to modify the way they operate as a result of lower availability of higher grades of iron ore after the collapse of a dam at a mine owned by Brazil's Vale. The exact ramifications to iron ore supply and China's vast steel sector from the burst dam at Vale's Corrego do Feijao mine, which has killed 142 people and left 194 others missing, are still to be quantified. Click here to read full stories.

Feb 12 - Thyssenkrupp warns of economic pressure as profit falls 

Steel-to-elevators group Thyssenkrupp on Tuesday warned of a darkening economic backdrop, a key driver of demand for its products, signalling tough times for its capital goods business ahead of a planned spin off. Fears of a global economic slowdown have increased in recent months, with euro zone businesses expanding at their weakest rate since mid-2013 at the start of the year as demand fell for the first time in four years.  Click here to read full stories.

Feb 12 - Southern Copper says Peru plant to be partially suspended 3-5 days 

Southern Copper Corp said on Monday that a key plant it uses to produce copper in Peru would not fully restart for another three to five days while work is done on its tailings and railway infrastructure following heavy rains. Peru's environmental regulator OEFA has been investigating a potential tailings spill at Southern Copper's Cuajone mine, after being alerted by local residents of a "greenish solution" that started streaming into a nearby river. Click here to read full stories.

Feb 12 - South Africa's Harmony Gold H1 profit slumps 94 pct on higher depreciation 

South African miner Harmony Gold on Tuesday posted a 94 percent plunge in first-half profit due to higher costs and depreciation, and a weaker rand. Headline earnings per share (HEPS), the main profit measure in South Africa that strips out certain one-off items, came in at 14 cents ($0.0101) per share for the six months ended Dec. 31, 2018, compared with 224 cents per share a year earlier. This was in line with the company's forecast. Click here to read full stories.

Feb 12 - Livent's weak outlook for Chinese lithium demand drags on shares 

U.S. lithium producer Livent Corp said on Monday that it expects demand for the white metal to sag in China for the rest of the year, sending its shares down more than 8 percent in after-hours trading. Livent, spun off last year from FMC Corp, also posted a quarterly profit in line with Wall Street's expectations, with sales at the lower end of the forecast. Click here to read full stories.

Feb 12 - Queue to take aluminium out ISTIM's Port Klang warehouses jumps to 118 days 

Queues to take aluminium out of London Metal Exchange-approved warehouses owned by ISTIM UK in Port Klang, Malaysia, jumped to 118 days at the end of January from zero in December, data from the exchange showed on Monday. Cancelled aluminium warrants -- material earmarked for delivery -- in ISTIM's Port Klang warehouses stood at 309,800 tonnes, or 60 percent of the 516,188 tonne total, at the end of last month. Click here to read full stories.

Feb 12 - Russia's central bank to pay less for domestic gold from May 

Russia's central bank will pay less than an industry benchmark for gold that it buys on the domestic market, it said on Monday. The central bank said that from May 1 it would add a discount to a purchase price currently based on the daily London Bullion Market Association (LBMA) gold price. The size of the discount will gradually rise during 2019, it added.  Click here to read full stories.

Feb 11 - How Venezuela turns its useless bank notes into gold 

Venezuela's most successful financial operations in recent years have not taken place on Wall Street, but in primitive gold-mining camps in the nation's southern reaches. With the country's economy in meltdown, an estimated 300,000 fortune hunters have descended on this mineral-rich jungle area to earn a living pulling gold-flecked earth from makeshift mines. Click here to read full stories.

Feb 11 - Following the money in commodities leads to gold mines: Russell 

If the adage "follow the money" is to be applied to commodities, then currently the place looking most attractive to investors is gold mining. The common theme at two mining investment conferences held last week in Cape Town was that putting cash into gold mining companies offers the best prospects in the commodity space. Click here to read full stories.

Feb 11 - Looking for answers from Dr Copper? He's confused as well: Andy Home 

Doctor Copper seems very confused at the moment. The metal with the honorary degree in economics is caught between the current reality of deteriorating macro signals and the belief that things will soon get better. Nowhere more so than in China, the single biggest user of copper and just about every other industrial metal. Click here to read full stories.

Feb 11 - Russia's Polyus Q4 adjusted net profit at $291 mln, down 18 pct on quarter 

Russia's largest gold producer, Polyus, said adjusted net profit was $291 million in the fourth quarter, an 18 percent decrease from the third quarter, the company said on Monday. Adjusted net profit for the full year rose to $1.33 billion, Polyus said in a statement. Click here to read full stories.

Feb 11 - Acacia Mining swings to annual profit in 2018 

Acacia Mining said on Monday it swung back to profit in 2018 as its gold production and costs beat expectations even as a longstanding tax dispute rumbled on in Tanzania. The London-listed miner, whose shares rose 3.5 percent, said in a statement that basic earnings per share totalled 14.4 cents compared to a loss of 172.5 cents a year earlier. Click here to read full stories.

Feb 11 - Brazil evacuates towns near Vale, ArcelorMittal dams on fears of collapse 

Some 700 people were evacuated early on Friday from Brazilian towns near two separate tailings dams operated by Vale SA and ArcelorMittal on mounting fears of a recurrence of last month's deadly dam burst nearby. The collapse two weeks ago unleashed an avalanche of mud that engulfed nearby buildings and farms, killing an estimated 300 people in Brazil's deadliest mining disaster. Click here to read full stories.

Feb 11 - Chile's Codelco plans to resume Chuquicamata mine operations after rains 

Chilean state miner Codelco said on Saturday it hoped to soon restart operations at its northern Chuquicamata copper mine a day after heavy rains forced its suspension. Codelco said operations at its smaller Ministro Hales mine restarted late on Friday after several hours' suspension and that workers began their shift at Chuquicamata on Saturday afternoon with a view to "restoring normal operations gradually and progressively." Click here to read full stories.

Feb 11 - Indian consumers cash in their gold jewellery as prices rally 

Scrap gold supplies in India, the world's second-biggest consumer of bullion, may increase this quarter as a rally in local gold prices has prompted consumers to sell old trinkets and jewellery. Rising scrap supplies are likely to cause India's gold imports to continue to fall this year which could weigh on global prices that are trading near their highest since the end of April. Click here to read full stories.

Feb 11 - US Steel wins tax breaks from one of America's poorest cities 

United States Steel Corporation founded Gary, Indiana in 1906 - naming it after co-founder Elbert Henry Gary - and the city's fortunes have been closely tied to the company ever since. When the firm started losing business to cheap Asian imports in the 1970s, waves of layoffs followed as Gary became a haven of blight, crime and lost population. Click here to read full stories.

Feb 11 - Peru's environmental watchdog reports tailings spill from Southern Copper mine 

Peru's environmental watchdog said on Sunday it was investigating a tailings spill from a unit of Southern Copper Corp, one of the world's largest copper producers, into a river in an area that has been inundated by heavy rains. The Agency of Evaluation and Environmental Enforcement (OEFA) said the spill occurred in the waste deposit area of the Cuajone mining operations of Southern Copper, located in the Moquegua region approximately 535 miles (860 km) southeast of Lima. Click here to read full stories.

Feb 11 - Arconic to split into two after rebuffing Apollo offer 

Arconic said on Friday it would split into two companies and slashed its quarterly dividend by two-thirds, just weeks after the U.S. aluminum products maker spurned a buyout offer from Apollo Global Management. The company, formed following a split of Aloca Corp in 2016, plans to spin off one of its core divisions later. Click here to read full stories.

Feb 08 - Shares in Russia's Rusal jump 12 pct on upbeat aluminium demand outlook

Russian aluminium giant Rusal expects demand for aluminium to grow in 2019 and sees potential for prices to rise, it said on Friday, sending its Hong Kong-listed shares up 12 percent to a 10-month high. Shares in Rusal, the world's largest aluminium producer outside China, hit their highest since April when the United States imposed sanctions on the company and its co-owner Oleg Deripaska because of his ties to Russian President Vladimir Putin. Click here to read full stories.

Feb 08 - Fourteen NGOs oppose LME plans to ban tainted cobalt

Fourteen non-governmental organisations (NGOs) including Amnesty and Global Witness have opposed plans by the London Metal Exchange to ban cobalt tainted by human rights abuses, a letter seen by Reuters showed. Cobalt is a key ingredient in the batteries that power electric vehicles, a fast-growing sector of the auto industry, and in metal alloys used to make jet engines. Click here to read full stories.

Feb 08 - Brazilian authorities close Vale's port terminal in Espirito Santo

Brazilian authorities have closed a port terminal operated by miner Vale SA in Vitoria, in the southeastern state of Espirito Santo. The municipality of Vitoria has fined the miner 35 million reais ($9.5 million) for throwing mining residues in the sea. Click here to read full stories.

Feb 08 - Australia's Port Hedland iron ore shipments to China in Jan slip 6 pct on month

Iron ore shipments to China from Australia's Port Hedland terminal fell 6 percent in January from a month earlier, port data released on Friday showed. Iron ore shipments to China from the world's biggest iron ore port totalled 35.1 million tonnes in January, compared with December's 37.4 million tonnes, the Pilbara Ports Authority said. A cyclone blew near the region in the month. Click here to read full stories.

Feb 08 - Australia's South32 elects former BHP executive Karen Wood as chair

Australia's South32 Ltd, the world's largest manganese miner, said on Friday that Karen Wood was elected as Chair Elect of the Board of Directors, replacing current Chairman David Crawford who is retiring. Wood, 62, is currently a non-executive director for South32, according to a company statement.  Click here to read full stories.

Feb 08 - S.Africa's Harmony Gold expects drop in half-year earnings per share

South Africa's Harmony Gold said on Friday its earnings per share for the first half of the year could be up to 97 percent lower than this time last year. The gold miner said a 915 million rand ($67 million) depreciation charge, lower derivatives gains and unfavourable currency conversion hit earnings, while costs also rose 6 percent. Click here to read full stories.

Feb 08 - Chile state copper miner Codelco sees 1.9 pct y/y production drop in 2018

Chilean state copper miner Codelco saw a 1.9 percent drop in its output in 2018, at 1.8 million tonnes, while production at the world's largest copper mine, Escondida, shot up 34 percent in the same year, Chile's copper commission said on Thursday. Codelco was affected by a natural decline in ore grades, an issue it is seeking to reverse with a major program of upgrades. Click here to read full stories.

Feb 08 - Indonesia plans 22 pct "safeguard" tariff on aluminium foil - WTO filing

Indonesia is planning to impose a 22 percent "safeguard" tariff on imports of aluminium foil, it told the World Trade Organization in a filing on Thursday, citing a surge in imports due to surplus flows of the commodity coming from China. Indonesia's national Safeguards Committee began examining the case for a tariff to protect its domestic producers of aluminium foil last October.  Click here to read full stories.

Feb 08 - Death toll rises to six at South Africa coal mine gas explosion

The number of people killed by a gas explosion in an unused coal mine in South Africa's eastern province of Mpumalanga has risen to six, and several others remain trapped, an official at the mine said on Thursday. The representative of the creditor protection team at the mine, Michael Elliot, said more than 20 people were still stuck underground at the mine in Middelburg and are presumed dead. Click here to read full stories.

Feb 07 - Brazilian state cancels Vale licenses at two mines in wake of disaster

The Brazilian state of Minas Gerais canceled Vale SA's license to operate a dam at one of its largest mines, the company said on Wednesday, following the collapse of another dam in the state that killed an estimated 300 people. Vale has come under intense public pressure since the Jan. 25 dam burst, with some politicians and prosecutors calling for criminal prosecution and a management shakeup, especially since it happened less than four years after another fatal dam burst in Minas Gerais. Click here to read full stories.

Feb 07 - ArcelorMittal sees slight steel demand pick-up from strong 2018

ArcelorMittal, the world's largest steelmaker, on Thursday forecast a slight expansion of global steel demand in 2019 after a healthy market drove its earnings to their highest level in a decade last year. The company said it expected world steel demand to grow by between 0.5 and 1 percent this year after an increase of 2.8 percent in 2018. Click here to read full stories.

Feb 07 - Norsk Hydro Q4, dividend miss forecast amid continuing Brazil woes

Norwegian aluminium producer Norsk Hydro reported on Thursday much lower-than-expected fourth-quarter operating profits and full-year dividend amid continuing output restrictions in Brazil. Hydro's underlying operating profit for the quarter fell by 85 percent year-on-year to 534 million Norwegian crowns ($62.48 million), while analysts in a Reuters poll on average had expected a profit of 1.45 billion crowns. Click here to read full stories.

Feb 07 - Voestalpine sees full-year revenue to exceed last year's

Speciality steelmaker Voestalpine on Thursday said nine-months revenue increased 5 percent and confirmed its operating profit fell 37 percent in the same period. It also confirmed its full-year outlook of earnings before interest and tax (EBIT) to fall to 750 million euros ($851.85 million) this business year. Click here to read full stories.

Feb 07 - As price hits seven-month highs, it may be time to rethink zinc: Andy Home

Zinc has been on the climb this year, defying broader macroeconomic gloom and a previous consensus that its bull run was well and truly over. Funds are creeping back into the market on the long side and LME broker Marex Spectron estimates speculators held a collective net long of 7 percent of open interest last Friday. Click here to read full stories.

Feb 07 - Bolivia picks Chinese partner for $2.3 bln lithium projects

Bolivia has chosen a Chinese consortium to be its strategic partner on new $2.3 billion lithium projects, the government said on Wednesday, giving China a potential foothold in the country's huge untapped reserves of the prized electric battery metal. China's Xinjiang TBEA Group Co Ltd will hold a 49 percent stake in a planned joint venture with Bolivia's state lithium company YLB, the Bolivian firm said. Click here to read full stories.

Feb 07 - China pollution crackdown, sliding inventories hit lead market

Lead prices may get a boost as environmental crackdowns on smelters in China curb output in the world's biggest market for the battery metal as inventories tumble. A record-breaking cold blast in United States could deepen potential shortages, creating a spike in demand as drivers scramble to replace batteries damaged by the big freeze. Click here to read full stories.

Feb 07 - Guinea not flexible on Simandou infrastructure - minister

Guinea stands by its requirement that output from the long-delayed Simandou iron ore project must be exported from a Guinean port, despite the collapse of a deal aimed at jump-starting development, its mines minister said on Wednesday. Simandou is one of the world's biggest iron deposits, containing billions of tonnes of high-grade ore, but development has been complicated by its location far from the coast and the enormous $23 billion cost of the required infrastructure. Click here to read full stories.

Feb 07 - S.Africa's Sibanye-Stillwater expects 2019 EBITDA to double, eyes gold acquisitions

Sibanye-Stillwater whose workers have downed tools at its bullion operations, said on Wednesday it expects its EBITDA to double in 2019 paving the way for dividends and acquisitions in it's gold business. Precious metals producer Sibanye, which has flagged that its 2018 bullion production would miss guidance due to the strike, expects earnings before interest, tax, depreciation and amortization (EBITDA) to double this year compared with 2018. Click here to read full stories.

Feb 06 - Vale declares force majeure on some contracts after deadly dam burst

Brazilian miner Vale SA on Tuesday declared force majeure on some iron ore contracts after a court-ordered halt to a mine responsible for nearly 9 percent of its output following a dam burst which likely killed more than 300 people. The force majeure on some iron ore and pellets sales contracts came after a court on Monday ordered it to stop using eight tailings dams, including one affecting production of about 30 million tonnes of iron ore output per year. Click here to read full stories.

Feb 06 - Gold deal rush sweeps by broader mining sector

The wave of consolidation sweeping the gold mining sector is for now passing the wider sector by as diversified majors have delivered returns to keep shareholders happy and investors are wary of repeating past mistakes, executives said. Newmont Mining Corp  said in January it would buy Goldcorp Inc for $10 billion, creating the world's biggest gold producer.  Click here to read full stories.

Feb 06 - Nippon Steel cuts full-year profit forecast by 5.7 pct on lower steel output

Japan's top steelmaker Nippon Steel & Sumitomo Metal Corp on Wednesday warned its annual profit would be less than previously forecast, citing lower crude steel output for the 12 months ending March 31. The company now estimates its annual profit will be 330 billion yen ($3.01 billion), down 5.7 percent from its earlier guidance of 350 billion yen, under International Financial Reporting Standards. Click here to read full stories.

Feb 06 - Indian steel firms seek higher duties on steel imports as prices drop

Indian steel firms are putting pressure on the nation's government to impose higher duties on imports as trade disputes and a global economic slowdown divert surplus Asian steel stocks to India, industry executives and government sources said. Local Indian producers are suffering from the double whammy of a rise in cheap imports and low domestic steel prices, which threatens to wipeout the healthy profits made in the past couple of years. Click here to read full stories.

Feb 06 - Vale disaster makes miners' image problem worse: Russell 

The response to the horrendous dam collapse at a mine owned by Brazil's Vale has focused on iron ore prices and how a disaster that will likely claim more than 300 lives occurred, and what must be done to make sure this doesn't happen again. These are valid concerns, but the risk of focusing on the immediate issues is that the much larger problems of the mining industry are once again glossed over. Namely that miners aren't trusted and suffer from a serious image problem. Click here to read full stories.

Feb 06 - Glencore says heavy rain disrupts operations at two Australian coal mines

Global trader Glencore said on Wednesday that production at two of its Australian coal operations has been affected by heavy rain that has caused flooding in northern parts of Queensland state. "We have experienced short-term production impacts from heavy rain at our two most northerly coal sites, Collinsville and Newlands," a Glencore spokesman said in a statement to Reuters. Click here to read full stories.

Feb 06 - EU moves to make UK charge VAT on commodity trading include ICE Europe

Moves by the European Commission to make Britain charge value-added tax on commodity derivatives trading will include ICE Futures Europe, the London Platinum and Palladium Market (LPPM) and the London Metal Exchange (LME), trading sources say. The Commission has been looking at zero-rated VAT on commodity derivatives trading in the UK for some years, but sources say recent activity is part of a drive to pressure Britain ahead of its European Union withdrawal in March. Click here to read full stories.

Feb 06 - Japan's Sumitomo books $137 mln one-off losses on Ambatovy nickel project

Japanese trading house Sumitomo Corp booked one-off losses of about 15 billion yen ($137 million) on the Ambatovy nickel-cobalt project in Madagascar in the October-December quarter and cut its nickel output estimate for the current year for the project. The losses include about 10 billion yen due to lower-than-expected production and about 5 billion yen on the disposal of some fixed assets and appraisal of ore inventories, Sumitomo Chief Financial Officer Koichi Takahata told a news conference. Click here to read full stories.

Feb 06 - Australia miner Independence says in talks with potential buyers of battery chemicals

Independence Group, an Australian miner looking to move into makingchemicals used in electric vehicle batteries, on Wednesday said it was in talks with a range of potential buyers of those products. The mid-tier miner trialled production of battery chemical nickel sulphate in December and January, said Chief Executive Peter Bradford, and is now set to send samples to potential customers and partners. Click here to read full stories.

Feb 06 - Canadian industry group opposes U.S. trade petition against fabricated steel

A Canadian steel industry group said on Tuesday it would strongly oppose a petition filed by its U.S. counterpart urging anti-dumping duty on certain steel imports from Canada. The Canadian Institute of Steel Construction (CISC) was responding to a petition filed by the American Institute of Steel Construction (AISC) asking for anti-dumping and countervailing duties on some fabricated structural steel from Canada, Mexico and China, alleging that the imports were hurting U.S. steel producers. Click here to read full stories.

Feb 05 - Brazilian court shutters Vale tailings dams, denting output

Vale SA said on Monday that a Brazilian state court has ordered it to stop using eight tailings dams in the wake of a disaster last month that likely killed more than 300 people, a step that will crimp nearly 9 percent of the company's annual iron ore output. The move is the first step by Brazilian officials to limit production by the world's largest iron ore miner since the disaster, which has sparked a global outcry over common mining practices that many now are decrying as unsafe. Click here to read full stories.

Feb 05 - Mitsubishi's CFO says firm has no plan to trim stake in Singapore's Olam

Mitsubishi Corp booked an impairment loss of about 28 billion yen ($255 million) on its stake in Olam International  in the October-December quarter but it has no plan to trim its stake in the Singaporean commodity trader, its CFO said on Tuesday. Japan's biggest trading house also took an impairment loss of about 31 billion yen on its investment in iron ore mines in Chile in the same quarter due to an extra environmental cost and a repair cost for a broken shiploader at a port, Chief Financial Officer Kazuyuki Masu told a news conference. Click here to read full stories.

Feb 05 - Russia's Severstal Q4 earnings get coal, iron ore boost 

Russian steelmaker Severstal said on Tuesday its core earnings rose 5.3 percent in the fourth quarter compared to the same period the previous year, supported by stronger profits at its coal and iron ore division. Severstal, one of Russia's largest steelmakers, said its earnings before interest, taxation, depreciation and amortisation (EBITDA) totalled $794 million in the fourth quarter. This was up from $754 million in the fourth quarter of 2017. Click here to read full stories.

Feb 05 - South Africa's Amplats sees up to 2-fold jump in FY profit

World's No.1 platinum miner Anglo American Platinum said on Tuesday its expects an up to two-fold rise in annual profit, helped by higher prices and improved operational performance. The South African company said its headline earnings were likely to jump by between 83 percent and 103 percent, or 2,715 cents and 3,010 cents per share. Click here to read full stories.

Feb 05 - Zambia will enforce copper import tax - mining minister

Zambia is determined to enforce a new 5 percent copper import duty, as part of a plan to keep a greater share of mineral resource profits for the country and tackle its debt, Mining Minister Richard Musukwa said. Musukwa was speaking on the sidelines of the Indaba mining conference in Cape Town, where government ministers and mining executives are debating how to attract investment and how to strike the right balance between resource-holding governments and foreign companies. Click here to read full stories.

Feb 05 - Indian court rejects Tata Steel's move to block rival bids for Bhushan Power

An Indian appeals tribunal has ruled against Tata Steel Ltd's effort to dismiss rival bids for Bhushan Power and Steel, boosting JSW Steel Ltd's offer to buy the indebted steel maker. The National Company Law Appellate Tribunal (NCLAT) said the plea by Tata Steel was "not maintainable" as it was up to the committee of creditors of Bhushan Power and Steel to accept a debt resolution plan that could maximise asset value. Click here to read full stories.

Feb 05 - Barrick forms new JV in Guiana Shield push

Barrick Gold Corp said on Monday it would form a joint venture with South America-focused Reunion Gold Corp to explore the gold-rich Guiana Shield, which covers parts of Guyana, Venezuela and northern Brazil. Barrick will fund an initial amount of $4.2 million on the projects with Reunion and subsequent funding will be shared equally between the two companies, the Toronto-based miner said. Click here to read full stories.

Feb 05 - Zimbabwe looks to alleviate foreign currency shortages - mines minister

Zimbabwe's mines minister on Monday said the central bank governor would soon introduce a monetary policy tool to alleviate foreign currency shortages that have affected mining companies. Zimbabwe is hoping its mining sector could help drive a moribund economy buffeted by high inflation and unemployment, as new President Emmerson Mnangagwa looks to woo investors following a soft coup last year which usurped former president Robert Mugabe. Click here to read full stories.

Feb 04 - Questions linger over Deripaska's Rusal influence after U.S. deal

The U.S. Treasury believes it can curb the influence of Oleg Deripaska over aluminium giant Rusal despite concerns the Russian oligarch may still be able to pull the strings of his business empire from behind the scenes. Rusal and its parent company En+ were hit with U.S. sanctions in April when Washington blacklisted billionaire Deripaska along with several other influential Russians because of their ties to Russian President Vladimir Putin. Click here to read full stories.

Feb 04 - Brazil's Vale must change behavior after deadly dam bursts -solicitor general

Brazilian miner Vale needs to change its behavior, cooperate more with authorities and be more transparent after a deadly dam collapse at one of its mines that likely killed more than 300 people, Brazil's solicitor general said on Saturday. Speaking with reporters in the town of Brumadinho, near Vale's Corrego do Feijao mine that collapsed late last month, André Mendonça added that Vale's actions had not improved since another deadly tailings dam collapse in 2015, the Samarco project that it joint-owned with BHP Billiton. Click here to read full stories.

Feb 04 - India's Vedanta says Anglo American stake buy meets governance requirements

Indian miner Vedanta Ltd said on Monday that its foreign unit Cairn India Holdings Limited's investment in Anglo American Plc met all governance requirements. Vedanta's statement comes days after its shares plunged on Friday, as investors were skeptical of the merits of the investment and questioned the potential returns. Click here to read full stories.

Feb 04 - EU imposes curbs on steel imports after Trump tariffs

The European Union will impose limits on steel coming into the bloc from Saturday in response to U.S. President Donald Trump's metals tariffs, a filing in the European Union's official journal said on Friday. Steel imports will be subject to quotas to counter the concerns of EU producers who say Europe could be flooded with steel that is no longer being imported into the United States. Click here to read full stories.

Feb 04 - UAE's Noor Capital says it bought 3 tonnes of gold from Venezuela

Abu Dhabi investment firm Noor Capital said on Friday that it bought 3 tonnes of gold on Jan. 21 from Venezuela's central bank, at a time when President Nicolas Maduro is seeking to keep his crisis-stricken government solvent. Noor Capital said in a statement it would refrain from further transactions until Venezuela's situation stabilizes and its purchase was in accordance with "international standards and laws in place" as of Jan. 21. Click here to read full stories.

Feb 04 - Ferrexpo forecasts lower 2018 earnings, begins review of CSR partner

Iron ore pellet producer Ferrexpo Plc on Monday forecast 2018 core earnings below last year and said an ongoing review of statements of a charitable foundation in Ukraine to which it made donations may affect its books. The company now expects full-year core earnings to be about $500 million, compared with $551 million reported last year. Click here to read full stories.

Feb 04 - Thyssenkrupp boss defends breakup as scepticism persists

Thyssenkrupp boss Guido Kerkhoff sought on Friday to drum up support among small shareholders for a plan to break up the steel-to-elevators group, facing criticism about the lack of concrete details over how the move will lead to better results. Kerkhoff, who became chief executive after a tumultuous summer that saw the resignation of both the CEO and chairman, is planning to spin off Thyssenkrupp's elevators, car parts and plant engineering units to become more efficient. Click here to read full stories.

Feb 04 - Gold refiner Asahi wins auction for Republic Metals Corp- sources

Precious metals refiner Asahi has won an auction for the assets of bankrupt Miami-based refiner Republic Metals Corporation (RMC), outbidding its Swiss rival Valcambi, three sources familiar with the matter said on Friday. RMC was one North America's largest precious metals refineries before it filed for bankruptcy in November. Click here to read full stories.

Feb 01 - Glencore keeps 2019 guidance after copper, cobalt output jumps 

Miner and trader Glencore on Friday stuck to its 2019 production targets and said cobalt output last year soared 54 percent while copper rose 11 percent due to the restart of operations in the Democratic Republic of Congo. Production of cobalt, used in batteries for electric vehicles, reached 42,200 tonnes in 2018 while copper hit 1.453 million tonnes. Zinc output was mostly flat year-on-year at 273,300 tonnes. Click here to read full stories.

Feb 01 - Some US metals importers resigned to higher prices as Trump's tariffs bite 

U.S. metals importers that applied last year for exemptions from tariffs on steel and aluminum are losing hope the Commerce Department will approve their petitions, as the recent government shutdown added to a wait that for some has stretched to eight months without a ruling. Importers, ranging from pipeline giant Kinder Morgan Inc to a steel tube manufacturer Sanitube, have submitted some 64,000 requests to avoid tariffs of 25 percent on steel and 10 percent on aluminum that President Trump ordered last March, according to the latest Commerce Department data obtained by Reuters. Click here to read full stories.

Feb 01 - Dozens of coal, iron ore freighters stuck off China ports amid customs delays - data, sources

Dozens of ships carrying coal and iron ore to China are stuck outside ports waiting to unload, according to shipping data, with traders saying harbour authorities are taking longer than usual to clear the imports with customs officials. Refinitiv data showed on Friday that more than 300 dry-bulk freighters in total are currently sitting idle, waiting to deliver into China. While dry-bulk ships carry many different commodities, most affected were those carrying coal and iron ore from Australia, according to the data and two bulk traders. Click here to read full stories.

Feb 01 - Glencore nears $500 mln deal to buy iron ore from Brazil's CSN - sources 

Global trader Glencore is close to finalising a deal to make a $500 million payment to the mining arm of Brazil's Companhia Siderurgica Nacional (CSN) for iron ore cargoes to be delivered over five years, sources familiar with the matter said. One source said Glencore would sign the deal no later than the first quarter. Click here to read full stories.

Feb 01 - Brazilian anger unabated by Vale vows after dam disaster 

Residents devastated by a mining dam burst in Brazil that may have killed more than 300 people reacted on Thursday with indifference and in many cases anger to miner Vale SA's pledges to pay victims' families and improve safety. "Too Late" read newspaper Estado de Minas in the Brazilian state of Minas Gerais, after Vale, the world's largest iron ore miner, said it would take up to 10 percent of its production offline and spend 5 billion reais ($1.36 billion) to decommission 10 dams like the one that collapsed at its Corrego do Feijao mine last Friday. Click here to read full stories

Feb 01 - Venezuela plans to fly central bank gold reserves to UAE - source 

Venezuela will sell 15 tonnes of gold from central bank vaults to the United Arab Emirates in coming days in return for euros in cash, a senior official with knowledge of the plan said, as the crisis-stricken country seeks to stay solvent. The sale this year of gold reserves that back the bolivar currency began with a shipment on Jan. 26 of 3 tonnes, the official said, and follows the export last year of $900 million of mostly unrefined gold to Turkey. Click here to read full stories.

Feb 01 - India's Vedanta sinks 20 pct to 2-1/2-year low 

Shares of India's Vedanta Ltd slumped to a two-and-a- half-year low on Friday after analysts expressed concerns over an investment by the parent company of the conglomerate in African miner Anglo American. Vedanta said on Thursday its foreign unit Cairn India Holdings Ltd had paid $200 million to buy a stake in Anglo American from Volcan Investments Ltd, the miner's parent company, as a part of its "cash management activities". Click here to read full stories.

Feb 01 - Chile's Codelco reaches deal with two Chuquicamata unions 

Chile's Codelco's, the world's top copper miner, said on Thursday it had reached an agreement on the contract for two unions at its sprawling Chuquicamata copper mine in the north of the country. The agreement, which covers 611 workers, includes a salary increase of 1.2 percent and signing bonuses for a total of 11.5 million pesos (about $16,500). Click here to read full stories.

Feb 01 - Teck Resources warns on fourth-quarter profit

Teck Resources Ltd said on Thursday it expects fourth-quarter profit to be significantly below market estimates, hurt mainly by "disappointing" business at its energy and Trail operation units. Teck said results of its energy business and Trail operations, as well as inventory valuations, would reduce quarterly earnings by C$0.30 per share and earnings before interest, tax, depreciation and amortization (EBITDA) by C$195 million ($148.26 million).  Click here to read full stories.

Feb 01 - Japan's JFE says no impact on iron ore procurement after Vale Brazil dam disaster 

JFE Holdings, Japan's second-biggest steelmaker, has seen no direct impact on its procurement of iron ore in the wake of miner Vale's catastrophic tailings dam collapse in Brazil, its executive said on Friday. "We buy about 20 percent of iron ore from Vale, but we have had no direct impact on our procurement of iron ore," JFE executive vice president Shinichi Okada said, speaking at an earnings news conference. Click here to read full stories.

Feb 01 - South32 extends wage talks with unions at Colombia ferronickel mine 

Australian ferronickel miner South32 has extended talks with the two unions at its Cerro Matoso mine in Colombia, in a bid to avoid a strike over pay and other benefits, the company and unions said on Thursday. The extension kicked in after the parties failed to reach an agreement during a 20-day negotiation period. The continuation will run for up to 20 additional days. Click here to read full stories.