Base & Precious Metals News

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.

Jan 31 - Central banks bought more gold in 2018 than any year since 1967- WGC 

A surge in gold purchases by central banks to the highest since 1967 helped push global demand for the metal up 4 percent last year, the World Gold Council (WGC) said on Thursday. The world consumed 4,345.1 tonnes of gold in 2018, up from 4,159.9 tonnes in 2017, the WGC said in its latest quarterly demand trends report. Click here to read full stories.

Jan 31 - Don't deal in Venezuelan gold, White House says, in anti-Maduro push 

The White House warned traders on Wednesday not to deal in Venezuelan gold or oil following its imposition of stiff sanctions aimed at forcing socialist President Nicolas Maduro from power. National security adviser John Bolton tweeted that traders should not deal in gold, oil or other commodities "being stolen" from the Venezuelan people, as opponents of Maduro's government worried the government was surreptitiously moving to ship gold reserves abroad. Click here to read full stories.

Jan 31 - As death toll in Brazil nears 100, Vale dam disaster relatives lose hope 

Brazilian rescue teams have recovered the bodies of 99 people buried after the rupture last week of a Vale tailings dam, and with over 250 people still missing, relatives at the disaster site are fast losing hope. No survivors have been found in the area of the dam burst since Saturday, indicating the death toll could rise to as many as 360 people, which would make it Brazil's deadliest-ever mining accident. Click here to read full stories.

Jan 31 - India's 2019 gold demand forecast at 750-850 T, election spending boost in view - WGC 

India's gold demand could rebound in 2019, rising above the 10-year average, as the government seeks to bolster consumer confidence and spending power ahead of general elections due by May, the World Gold Council (WGC) said on Thursday. Gold consumption in 2019 will likely be 750-850 tonnes versus 760.4 tonnes last year, said Somasundaram PR, the managing director of WGC's Indian operations on Thursday. Indian demand has averaged 838 tonnes over the last 10 years. Click here to read full stories.

Jan 31 - Fortescue says Vale impact uncertain, sees demand for mid-grade iron ore 

Australia's Fortescue Metals Group Ltd said on Thursday it was too early to determine the full effect of a Brazilian mine disaster on iron ore supply, as its shares rose to a 16-month high. "We are not 100 percent clear yet on the net impact on supply of iron ore, but certainly there will be some impact," Chief Executive Elizabeth Gaines said, adding that the miner had offered its condolences. Click here to read full stories.

Jan 31 - Climbing nickel output to cast shadow on prices

Soaring nickel output in China and Indonesia to record levels this year is expected to weigh on prices for the metal used to make stainless steel and batteries for electric vehicles even if some projects are delayed. Nickel on the London Metal Exchange (LME) is up 15 percent so far this year to a three-month high of $12,325 per tonne due to falling stocks and concerns that Brazil's Vale could cut some of its production. Click here to read full stories.

Jan 31 - Record output drives revenue at Russia's Polymetal up 11 pct in Q4 

Russian gold and silver producer Polymetal reported on Thursday an 11 percent rise in fourth quarter revenue, compared to a year earlier, on record high production following a full ramp-up at its mine in Kazakhstan. The London-listed firm, part-owned by businessman Alexander Nesis, launched the Kyzyl mine in Kazakhstan in 2018 and shortly after began construction at its new Nezhda gold mine in Siberia, which will contribute to its dividends in 2022.  Click here to read full stories.

Jan 31 - Vale's Brazil disaster to prompt buyers to take more Australian iron ore 

Vale SA's catastrophic dam failure in Brazil may knock it off its perch as the biggest iron ore exporter as the resulting rally in high-grade ore prices steers buyers towards rivals offering cheaper ore, industry sources said on Wednesday. The world's largest iron ore miner is facing public ire and tougher regulation after the collapse of its tailings dam in the Brazilian region of Brumadinho killed at least 84 in one of the country's worst ever industrial disasters. Hundreds are still missing and presumed dead. Click here to read full stories.

Jan 31 - U.S.-approved trustee for Russia's Deripaska has worked with him for years 

A law firm appointed to act as a buffer between Russian metals magnate Oleg Deripaska and one of his businesses, under a deal that allowed Washington to lift sanctions on the firm, has worked closely with Deripaska for years. Asked about the law firm, the U.S. Treasury Department said it would vigorously monitor arrangements to ensure Deripaska cannot influence board members of the businesses. A representative for Deripaska said there was no scope for the businessman to influence how the law firm acted. Click here to read full stories.

Jan 31 - Senate finance chair says tariffs on steel, aluminum should go

Republican U.S. Senator Chuck Grassley on Wednesday called on the Trump administration to lift tariffs on steel and aluminum imports from Canada and Mexico before Congress begins considering legislation to implement the new U.S.-Mexico-Canada (USMCA) trade deal. The three countries on Nov. 30 signed the pact replacing the North American Free Trade Agreement (NAFTA), which governs more than $1.2 trillion in trade. The agreement must be approved by the U.S. Congress and Canadian and Mexican legislators before becoming law. Click here to read full stories.

Jan 31 - BHP, Rio call for permanent indigenous voice in Australia's parliament

Australia's two biggest mining firms on Thursday backed calls for an indigenous advisory body in parliament, saying Prime Minister Scott Morrison's opposition to the proposal did not "stand up to scrutiny." Australia has struggled for decades to reconcile with descendants of first inhabitants, who arrived on the continent some 50,000 years before British colonists. Click here to read full stories.

Jan 31 - Scrap remains the wild card in China's copper imports: Andy Home 

China set a new record last year in terms of how much copper it sucked in from the rest of the world. Imports of refined metal reached 3.75 million tonnes, up 16 percent from 2017 and eclipsing the previous high of 3.68 million tonnes registered in 2015. Click here to read full stories.

Jan 31 - Gold refiners Valcambi and Asahi make separate bids for bankrupt U.S. rival - sources 

Two of the world's largest precious metals refiners, Valcambi and Asahi, are separately bidding for the assets of their bankrupt Miami-based rival Republic Metals Corporation (RMC), two sources familiar with the matter said on Wednesday. The two companies will go head to head in an auction in a New York bankruptcy court on Thursday, the sources said. Click here to read full stories.

Jan 30 - Vale says it will sacrifice output for dam safety in Brazil

Vale SA, the world's largest iron ore miner, vowed to sacrifice production for safety to avoid another instance of the tailings dam failures that have tarred its legacy - a move that sent metal prices and shares of rivals soaring. Chief Executive Fabio Schvartsman vowed to take up to 10 percent of Vale's output offline to decommission 10 dams similar to the one that burst on Friday in the town of Brumadinho, leaving hundreds missing and presumed dead. Click here to read full stories.

Jan 30 - Weak jewellery sales to peg gold below $1,300 in 2019 - GFMS 

Gold prices will average less than $1,300 this year as resurgent appetite from investors and central banks is offset by weaker jewellery demand, a GFMS Refinitiv report said on Wednesday. In 2018 gold fell for the first time in three years as rising stock markets and higher U.S. interest rates offered better returns and a strong dollar made the metal more expensive for non-U.S. buyers. Click here to read full stories.

Jan 30 - U.S. Democrats still push Trump on Rusal sanctions deal 

U.S. congressional Democrats said on Tuesday they are not satisfied with the Trump administration's decision to ease sanctions on companies linked to Russian oligarch Oleg Deripaska, demanding briefings and planning legislation. The leaders of four House of Representatives committees said they were considering legislation to ensure Russian aluminum giant Rusal and its parent En+ comply with the agreement that allowed them to be removed from a U.S. sanctions list. Click here to read full stories.

Jan 30 - Palladium to fall behind gold but leave platinum in the dust  - poll

Palladium prices are tipped for their highest year ever, forecast to average $1,200 an ounce in 2019 before falling back slightly in 2020, a Reuters poll showed on Tuesday. A gaping supply shortfall has sent prices of the autocatalyst metal rocketing. Click here to read full stories.

Jan 30 - POSCO Q4 profit grows 10 pct; sees strong demand from India, SouthEast Asia in 2019 

South Korean steelmaker POSCO's core fourth-quarter profit rose 10 percent on higher sales and profit margins, meeting analysts' forecasts, and the firm lifted its 2019 sales outlook citing firm demand from India and Southeast Asia. The world's fifth-biggest steelmaker released 2018 earnings in a filing on Wednesday without disclosing fourth-quarter figures. But Reuters' calculations showed consolidated operating profit for October-December was 1.3 trillion won ($1.16 billion), up from 1.2 trillion won a year ago. Click here to read full stories.

Jan 30 - Gold back on upward path as global growth slows - poll

Jitters over global growth and a possible pause to U.S. monetary tightening are expected to set gold prices up for gains in 2019, a Reuters poll showed on Tuesday, but the metal will struggle to break above recent highs. The survey of 36 analysts and traders returned a median forecast for gold to average $1,305 an ounce in 2019, up around 3 percent from last year's average and a touch higher than forecast in a similar poll three months ago. Click here to read full stories.

Jan 30 - Copper, other metals, set for modest rebound in 2019 - poll

Copper and other base metals prices will recover only modestly this year as an economic slowdown in top metals consumer China subdues demand, a Reuters poll showed. The London Metal Exchange index of industrial metals slumped 17 percent in 2018, weighed down by macro-economic concerns such as the U.S.-China trade war. Click here to read full stories.

Jan 30 - Australia's Newcrest Mining posts 7 pct rise in Q2 gold output

Australia's Newcrest Mining on Wednesday reported a near 7 percent rise in its second quarter gold output, driven by increased production across all its operations, led by its flagship Cadia mine. Total gold production for the country's largest independent gold miner for the three months to Dec. 31 came in at 654,849 ounces compared with 612,695 ounces a year ago, a 19 percent increase from the previous quarter. Click here to read full stories.

Jan 30 - Nucor profit jumps on higher steel tariff, strong demand 

Nucor Corp handily beat fourth-quarter profit estimates, boosted by hefty tariffs on imported steel, and the company forecast first-quarter 2019 earnings to be stronger despite a fall in sheet prices and margins. Shares of the No.1 U.S. steel producer rose about 3 percent to $60.1 in morning trading on Tuesday, adding to the 14 percent gain so far this year. Click here to read full stories.

Jan 30 - AngloGold soil study in Colombia halted pending review after mining ban 

Miner AngloGold Ashanti said on Tuesday it has halted a soil study at a site in Colombia after the town's mayor issued a suspension order because of a recent mining ban. Work at the site in Jerico, Antioquia province, was stopped on Monday and the project will remain halted pending a review by the province's tribunal, AngloGold said. Click here to read full stories.

Jan 30 - India's bankruptcy court rejects Essar Steel owners' settlement plan - TV 

India's bankruptcy court said on Tuesday creditors could reject a $7.5 billion offer from the owners of debt-stricken Essar Steel to settle the company's debts, giving a boost to global steel giant ArcelorMittal's bid to takeover the plant. The settlement proposal presented to the consortium of lenders by the billionaire Ruia family was not "maintainable", and it would not be illegal for the banks to reject the offer, the National Company Law Tribunal (NCLT) said, according to television news channels. Click here to read full stories.

Jan 30 - A further eight miners rescued from Polish mine after tremor  

The number of miners missing after an earth tremor struck KGHM Polska Miedz's mine near the Polish town of Rudna, 70 miles east of the German border, fell to one from nine, the copper producer said on Twitter on Tuesday. Earlier KGHM spokesperson Anna Osadczuk told Reuters the miners were missing after the tremor hit the mine early this afternoon 770 metres below the earth's surface. Click here to read full stories.

Jan 29 - After Brazil dam disaster, Vale asks for forgiveness, gets fury

Offers of penance from Vale SA for one of the deadliest mining disasters in decades fell on deaf ears in Brazil, where authorities and victims' families seethed at a death toll from a burst dam likely to exceed 300 people. Chief Financial Officer Luciano Siani said Vale was doing all it could, offering money to mourners, extra tax payments to local government, a special membrane to remove mud from the river and major investments to make its dams safer. Click here to read full stories

Jan 29 - Fanya flop: China's indium metal auction attracts no bids

China's first attempt to sell off inventories of minor metals held by the now-defunct Fanya Metal Exchange fell flat on Tuesday, as an online auction of indium failed to attract any bids. A court in Kunming, in southwestern China, is selling Fanya's assets in order to pay off creditors owed nearly 40 billion yuan ($5.93 billion) after the exchange's collapse in 2015. This first auction was watched closely by both the investors affected and the minor metals market. Click here to read full stories

Jan 29 - JSW Steel, Duferco in talks on landmark steel pre-payment deal

Indian conglomerate JSW Steel and global trading firm Duferco are in advanced talks on a five-year cash-for-steel prepayment deal, four sources familiar with the matter said, in a rare move for the industry. JSW, India's biggest steelmaker, and Duferco had a prepayment deal in 2006 for $150 million in upfront cash that would be repaid over seven years with steel cargoes, but the scale of the proposed new deal is much larger. Click here to read full stories

Jan 29 - In the new lithium 'Great Game,' Germany edges out China in Bolivia

When Germany signed a deal last month to help Bolivia exploit its huge lithium reserves, it hailed the venture as a deepening of economic ties with the South American country. But it also gives Germany entry into the new "Great Game", in which big powers like China are jostling across the globe for access to the prized electric battery metal. Click here to read full stories

Jan 29 - Australia wins appeal against BHP over tax owed by marketing arm

Australia's federal court ruled against BHP Group Ltd on Tuesday over whether the global miner should pay tax in Australia on profits made by its marketing arm on the sale of commodities owned by the company's UK side, BHP Group Plc. BHP, which has a dual sharemarket listing in Australia and the UK, was considering whether to appeal the decision to the High Court of Australia, a spokesman said. Click here to read full stories

Jan 29 - Rusal sanctions lifted, but U.S. aluminium users still face import levy

Aluminium users around the world will pay less for their material after the United States lifted sanctions on major producer Rusal, but U.S. tariffs on imports of the metal mean limited gains for the country's consumers. The U.S. Treasury on Sunday lifted sanctions on the core empire of Russian tycoon Oleg Deripaska, including aluminium giant Rusal and its parent En+, despite a Democrat-led push to maintain them.  Click here to read full stories

Jan 29 - In the new lithium 'Great Game,' Germany edges out China in Bolivia

When Germany signed a deal last month to help Bolivia exploit its huge lithium reserves, it hailed the venture as a deepening of economic ties with the South American country. But it also gives Germany entry into the new "Great Game", in which big powers like China are jostling across the globe for access to the prized electric battery metal. The signing of the deal in Berlin on Dec. 12 capped two years of intense lobbying by Germany as it sought to persuade President Evo Morales' government that a small German family-run company was a better bet than its Chinese rivals, according to Reuters interviews with German and Bolivian officials. Click here to read full stories

Jan 29 - China's HBIS to buy Southeast Asian holdings from Tata Steel

China's HBIS Group will buy Tata Steel's production assets in Southeast Asia, its latest move to expand its overseas steelmaking capacity after an investment in the Philippines in December. HBIS Group, the second-largest steel producer in China, will purchase Singapore-based NatSteel Holdings (NSH), fully owned by Tata Steel, and the 67.9 percent stake that Tata holds in Tata Steel (Thailand) Public Company (TSTH) for $327 million and a 30 percent share of the equity of the new combined companies, HBIS and Tata Steel said on Monday. Click here to read full stories

Jan 29 - A record-breaking year for China's metals trade: Andy Home

Last year was one of the most interesting in a decade for China's trade in base metals with multiple records broken both for imports and exports. The irony is that many key themes played out in the statistical darkness after China's customs department suspended from March its traditional detailed monthly breakdown. Click here to read full stories

Jan 29 - Mongolia, overseas investigators probe Oyu Tolgoi corruption claims as ex-minister re-arrested

Mongolia is working with overseas investigators to look into claims of corruption at its giant Oyu Tolgoi copper mine, the country's anti-graft body said on Tuesday, after the re-arrest of a former minister suspected of "abuse of power". Bayartsogt Sangajav was first arrested last April and released in June in a probe into 2009 negotiations over the development of the mine, then owned by Canada's Ivanhoe Mines and now managed by Anglo-Australian miner Rio Tinto. Bayartsogt, a former finance minister, was among the signatories to the investment agreement, approved by Mongolia's parliament. Click here to read full stories

Jan 28 - New dam disaster puts Vale CEO, deals and dividends under scrutiny 

When Fabio Schvartsman took the reins of Vale SA in 2017, he suggested a motto for the world's largest iron miner, turning the page on a tailings dam disaster that hit a small Brazilian town two years before: "Mariana, never again." That and many of Schvartsman's other big promises look destined for the scrap heap. Click here to read full stories.

Jan 28 - U.S. lifts sanctions on Rusal, other firms linked to Russia's Deripaska 

U.S. President Donald Trump's administration on Sunday lifted sanctions on aluminum giant Rusal and other Russian firms linked to oligarch Oleg Deripaska, defying a Democratic-led push in the U.S. Congress to maintain the restrictions. Earlier this month, 11 of Trump's fellow Republicans in the U.S. Senate joined Democrats in a failed effort to keep the sanctions on Rusal, its parent, En+ Group Plc, and power firm JSC EuroSibEnergo. Click here to read full stories.

Jan 28 - Second Vale dam burst in Brazil likely to curb mining risk appetite

Mining company Vale's second dam disaster in Brazil in less than four years deals a blow to an industry grappling with investor wariness and a poor image and casts doubt on new President Jair Bolsonaro's vow to reduce government regulation. Brazilian rescue workers on Saturday were searching for roughly 300 people missing after a tailings dam burst at a Vale iron ore mine in the town of Brumadinho in Minas Gerais state. Ten bodies have been recovered. Click here to read full stories.

Jan 28 - Global crude steel output jumps 4.6 pct in 2018 - worldsteel 

Global crude steel output jumped 4.6 percent last year, driven by strong growth in most regions including in top producer China, where output jumped 6.6 percent, data from the World Steel Association (worldsteel) showed on Friday. China, which produces half the world's steel, had output of 928.3 million tonnes last year, while global output reached 1,808.6 million tonnes,said worldsteel, whose members account for about 85 percent of global output. Click here to read full stories.

Jan 28 - China's nickel pig iron output to hit 500,000 T in 2019 - Antaike 

China's output of nickel pig iron, a ferronickel used to make stainless steel, is expected to rise by about 5 percent this year to 500,000 tonnes due to capacity launches, research house Antaike said in a note on Monday. Most of the increase will come from producer Shandong Xinhai, which is commissioning new rotary kiln electric furnace lines this year, as well as from Hebei province, Antaike's chief nickel analyst Xu Aidong said. Click here to read full stories.

Jan 28 - Saudi Arabia to build metal smelter with Trafigura worth $2.8 bln - statement 

Saudi Arabia signed an agreement to build a metal smelter with global commodities trader Trafigura worth $2.8 billion, according to a statement reviewed by Reuters on Monday. The project with Trafigura Singapore will be the first copper smelter in a GCC country and it aims to produce 400,000 tons of copper, 200,000 tons of zinc, and 55,000 tons of lead annually. Click here to read full stories.

Jan 28 - Venezuela opposition leader urges Britain not to give gold to Maduro 

Venezuelan opposition leader and self-declared president Juan Guaido has asked British authorities to stop President Nicolas Maduro gaining access to gold reserves held in the Bank of England, according to letters released by his party on Sunday. Maduro has been disavowed by a broad group of Western nations and Latin American neighbors that accuse him of undermining democracy, and a growing number of countries have recognized Guaido as legitimate interim leader of the troubled OPEC nation. Click here to read full stories.

Jan 28 - Chilean miner Antofagasta studying $3 bln expansion at Centinela mine - paper

Chilean copper miner Antofagasta Plc is evaluating building a new concentrator plant at its Centinela mine that would cost around $3 billion, the chief executive of the company was quoted telling a local daily on Sunday. Antofagasta's copper production rose 3 percent to 725,300 tonnes last year, allowing the company to weigh potential expansion projects and upgrades, Ivan Arriagada said, according to an interview published in La Tercera. Click here to read full stories.

Jan 28 - China's top steelmaking city issues "orange" smog alert 

China's biggest steelmaking city, Tangshan, issued a second-level or "orange" pollution alert for a wave of smog expected to blanket the region, a website run by the city government reported on Sunday. The alert for Tangshan, which is east of Beijing on China's coast, will be in effect from Jan. 28 until Jan. 30, it said. Click here to read full stories.

Jan 25 - Global aluminium production growth brakes sharply in 2018: Andy Home 

Global aluminium production grew at its slowest pace in a decade in 2018, and most of that was in the first half of the year. Output totalled 64.34 million tonnes, according to the International Aluminium Institute (IAI), up by just 1.5 percent on 2017. Production did no more than flat-line over the second half of 2018. Click here to read full stories.

Jan 25 - Freeport McMoRan shares slump after quarterly profit miss 

Freeport McMoRan Inc shares slid 9 percent on Thursday after the world's second-largest copper miner posted lower-than-expected quarterly profit and forecast a drop in 2019 production. A 14 percent dive in copper prices slammed the company in the fourth quarter, yet the chief executive officer said U.S. demand remains strong and underpins Freeport's plans for a major expansion in the United States. Click here to read full stories.

Jan 25 - Chile strikes deal with lithium miner Albemarle in contract dispute

Chile state development agency Corfo said on Thursday it had reached a deal with the world's top lithium miner, Albemarle Corp, to resolve a contract dispute and would not file a previously threatened arbitration lawsuit against the U.S-based producer. The spat centered around an amendment to the contract that requires Albemarle to provide as much as 25 percent of its annual production of lithium at a discount to companies seeking to produce battery metals within Chile. Click here to read full stories.

Jan 25 - China's Dec U.S. scrap copper imports climb for first time in months 

China's imports of scrap copper from the United States rose in December from the previous month, customs data showed, snapping six straight months of decline as buyers scooped up cargoes before tighter restrictions on scrap took effect for 2019. Arrivals of U.S. scrap copper into China last month stood at 5,236 tonnes, according to data released by the General Administration of Customs on Friday. Click here to read full stories.

Jan 25 - China's scandal-hit Fanya exchange to begin metals sell-off 

China's scandal-hit Fanya metals exchange will begin to sell off its stockpiles of indium on Monday as courts liquidate assets in order to pay off creditors owed nearly 40 billion yuan ($5.90 billion) after the exchange's collapse in 2015. The decision to sell the stockpiles of indium, a silvery metal used in flat-panel displays and semi-conductors, was made by the Kunming Intermediate People's Court in mid-December, an investor in the exchange campaigning for the restitution of Fanya funds, who received a notification from the court, said on Friday. Click here to read full stories.

Jan 25 - Colombia extends Drummond contract on coal mine for 20 years

Colombia has extended coal miner Drummond's license to operate its La Loma mine for an additional 20 years, the national mining agency said on Thursday. The contract at the mine, located in northeastern Cesar province, will generate at least $586 million in royalties, income and social project investment during its lifetime, the agency said in a statement on its website. Click here to read full stories.

Jan 25 - Indonesia weighs halting surveying of exports in bid to cut trade gap

Indonesia might scrap its requirement that a surveyor check goods before they are exported as one step to support weak exports after 2018's record trade deficit, the trade minister said. Trade Minister Enggartiasto Lukita told reporters Thursday night the government was considering ending mandatory use of a surveyor for inspecting shipments of coal, palm oil and crude oil, to simplify export procedures. Click here to read full stories.

Jan 25 - Australia's ANZ bank closes Singapore gold vault 

Australia and New Zealand Banking Group Ltd (ANZ), whose gold bullion business is one of Asia's largest, said on Thursday it was closing its precious metals vault in Singapore. The move follows the bank's sale last year of its stake in an exchange-traded fund backed by physical gold and sources say it is part of a scaling back of ANZ's precious metals business. Click here to read full stories.

Jan 25 - Australia iron ore port readies for tropical cyclone 

Australia's Pilbara Ports Authority, which operates the world's largest export hub for iron ore, has given orders for the Port of Dampier, a key port for Rio Tinto, to be cleared on Friday as part of cyclone preparations. It a notice late on Thursday, the authority said that the ports of Ashburton, Dampier and Port Hedland were preparing for tropical cyclone Riley, which was offshore of northern Western Australia. Click here to read full stories.

Jan 25 - Chile lithium miner SQM moves to safeguard secrets from China's Tianqi 

Chile's SQM late on Wednesday told Chilean regulators that it had taken measures to safeguard its corporate secrets just weeks after top competitor Tianqi purchased a coveted quarter stake in the top lithium miner. Tianqi in December bought a 23.77 percent share in SQM from Canadian fertilizer company Nutrien for $4.1 billion, entitling the Chinese lithium giant to three seats on SQM's board. Click here to read full stories.

Jan 24 - U.S. copper projects gain steam thanks to electric vehicle trend

Once seen as a laggard in the global mining industry, U.S. copper deposits have quietly drawn more than $1.1 billion in investments from small and large miners alike as Tesla and other electric carmakers scramble for more of the red metal. Four U.S. copper projects are set to open by next year - the first to come online in more than a decade - with several mine expansions also underway across the country, home to the world's fifth-largest copper reserves, according to the U.S. Geological Survey. Click here to read full stories.

Jan 24 - Anglo says Q4 copper output at five-year high

Anglo American said its copper output had reached a five-year high and its overall output for the last quarter of 2018 had risen 7 percent following operational changes that boosted efficiency. The high copper output - up 23 percent versus the same quarter a year ago and the highest since late 2013 - more than offset a 13 percent fall production at Kumba iron ore in South Africa because of infrastructure issues. Click here to read full stories.

Jan 24 - ArcelorMittal's Essar bid delays planned JV with SAIL - minister

ArcelorMittal's prolonged bid to buy debt-ridden Essar Steel is delaying the world's biggest steelmaker's joint venture with state-owned Steel Authority of India Ltd (SAIL), India's steel minister and SAIL's chairman said. India's biggest state-owned steel company SAIL and billionaire Lakshmi Mittal-controlled ArcelorMittal signed a deal in May 2015 to set up a steel plant to produce automotive grade steel. However, no timetable has ever been set out. Click here to read full stories.

Jan 24 - Australia's Oz Minerals 4th qtr copper production dips, sees softer 2019

Copper miner Oz Minerals Ltd said on Thursday fourth-quarter copper production fell about 1.4 percent on weaker output from its Prominent Hill project, and that production in 2019 was expected to be weaker. Copper production for the three months to Dec. 31 came in at 29,482 tonnes, compared with 29,886 tonnes the previous year, the miner said in a statement. Click here to read full stories.

Jan 23 - Potential Berkshire U.S. lithium project faces uphill road

A reported Berkshire Hathaway Inc project to produce lithium from California geothermal wells has raised questions about what technological process the venture could use and whether it would be successful. The Financial Times, citing people familiar with the matter and a fundraising document, said Berkshire's BHE Renewables subsidiary had signed an agreement to allow extraction of lithium from its California geothermal wells and was in talks to supply the white metal to Tesla Inc. Click here to read full stories

Jan 23 - London Metal Exchange to launch seven new contracts: Andy Home

The London Metal Exchange (LME) has unveiled details of seven new contracts that will launch on March 11. This represents something of a revolution for the grand old dame of metal trading. New products in the past have been few and far between and not many of them have been successful. Click here to read full stories

Jan 23 - Arconic no longer pursuing sale over price disagreements, shares tank

U.S. aluminum products maker Arconic Inc said on Tuesday it was no longer pursuing a sale of the company because it had not received an acceptable offer, sending its shares plunging as much as 21 percent. The decision was a blow to Elliott Management Corp, the hedge fund that sits on Arconic's board and had tried to facilitate the company's sale by helping to tackle potential legal liabilities. Click here to read full stories

Jan 23 - Antofagasta posts record quarterly production

Chilean copper miner Antofagasta Plc ended the year with annual output at the higher end of its forecast, boosted by record fourth-quarter production as well as better grades and output at its Centinela mine. The FTSE 100 company stuck to its production estimate for the coming year and forecast higher capital spending in 2019 of $1.2 billion, which it said would go partly towards the expansion of its flagship Los Pelambres mine in Chile. The mine already pumps out about half of Antofagasta's copper output. Click here to read full stories

Jan 23 - ED&F Man files $284 mln suit against Hong Kong firms, alleges metals fraud

Broker ED&F Man has filed a $284 million lawsuit against two Hong Kong companies, alleging that they knowingly provided fraudulent warehouse receipts for nickel stored in Asia, court documents show. The two Hong Kong firms, Come Harvest Holdings Ltd (CHH) and Mega Wealth International Trading Ltd, have denied the charges. Click here to read full stories

Jan 23 - S.Africa's AMCU issues further strike threat to Sibanye

A South African union representing just under half of all workers at Sibanye-Stillwater's platinum mine will extend a one-day strike if the company does not return to the negotiating table, its president said on Tuesday. The Association of Mineworkers and Construction Union's (AMCU) Joseph Mathunjwa made the remarks outside South Africa's Mineral Council in Johannesburg, where he had marched with thousands of people, some wearing shirts saying "blood gold" and holding placards which read "down with slave wages". Click here to read full stories

Jan 23 - Australia's Galaxy Resources raises estimate for Mt Cattlin Project

Australian lithium miner Galaxy Resources Ltd on Wednesday lifted its estimate of resources in Mt Cattlin Project in Western Australia after drilling pointed to a stronger reserve. Galaxy said the reserves for the project are now estimated to be 42 percent higher than its last estimate given as of June 2018. Click here to read full stories

Jan 23 - Supervisors at Codelco mine in Chile reject labor offer, strike looms

The union of supervisors at state miner Codelco's Gabriela Mistral mine in northern Chile has rejected the company's final offer for a new collective labor agreement, raising the specter of a strike in the coming days, the union president told Reuters on Tuesday. The union said Codelco, the world's top copper miner, failed to satisfy its demands for a signing bonus, and that the company was attempting to negotiate different terms for each of the division's unions.  Click here to read full stories

Jan 23 - Belgian metals producer Nyrstar hit by cyber-attack

Metals producer Nyrstar was hit by a cyber-attack on Tuesday and shut down some IT systems, including email, to contain the issue, the Belgian company said. Nyrstar said that its metals processing and mining operations were not damaged by the attack. Click here to read full stories

Jan 22 - BHP Q2 iron ore output down 9 pct, flags $600 mln negative impact

Global miner BHP Group said on Tuesday its second-quarter iron ore production fell 9 percent and flagged a $600 million negative impact due to production disruptions at its copper and iron ore operations. The world's biggest miner said unplanned production outages at Olympic Dam, Spence and Western Australia Iron Ore are likely to negatively impact productivity and flagged that it would revise guidance at its results on Feb 19. Click here to read full stories.

Jan 22 - ISTIM slowing metal flow out of its LME warehouses - sources

Years after sweeping reform aimed at eliminating logjams in warehouses that collect rent for storing metal, a firm is preventing companies from getting material when they need it from a Malaysian port, five sources close to the matter said. The firm, ISTIM UK, is controlled by the Whelan family, founders of major warehousing company Metro. By 2014, near two-year queues had developed to take aluminium out of Metro's depots in Detroit. Click here to read full stories.

Jan 22 - Barrick explores options for Zambian copper mine under pressure from taxes

Barrick Gold Corp said on Monday that it was considering all options for Lumwana copper mine in Zambia as the country's proposed new mining taxes would make it challenging to generate adequate returns for all its stakeholders. Barrick, which recently completed $6 billion deal to buy rival Randgold, said it is continuing to engage with the Zambian government to find a mutually beneficial solution for the operation of the mine in the wake of the new tax changes. Click here to read full stories.

Jan 22 - China's top steelmaking city issues level 2 smog alert

China's top steelmaking city of Tangshan issued a second-level or "orange" pollution alert on Tuesday in response to a wave of smog expected to blanket the region, local government-backed media reported. The alert will take effect from Jan. 22 until Jan. 25. Click here to read full stories.

Jan 22 - Jervois Mining offers C$16.6 mln in shares for Uganda cobalt projects

Australian cobalt developer Jervois Mining said on Tuesday it has agreed to buy a Canadian cobalt explorer with operations in Uganda, as the hunt for quality mines in the battery materials sector gains pace. Jervois, which is backed by ex-Glencore executives, is offering one of its shares for every share in M2 Cobalt, valuing the Canadian company at C$16.6 million ($12.5 million), a 4.5 percent premium at current share prices. Click here to read full stories.

Jan 21 - China Dec aluminium production surges to record monthly high

China's primary aluminium output defied low prices to rise for a second straight month to a record high in December as falling alumina costs boosted margins, while 2018 annual output was also a record, official data showed on Monday. The world's top producer churned out more than 3 million tonnes in a month for the first time, undeterred by aluminium prices at two-year lows, the impact of the U.S.-China trade war and Beijing's environmental crackdown. Click here to read full stories.

Jan 21 - China Dec daily crude steel output at lowest since March

China's average daily steel output in December hit its lowest level since March, according to Reuters calculations based on official data, as producers cut output amid shrinking profit-margins. Total output fell to 76.12 million tonnes last month from 77.62 million tonnes in November, but was up 8.2 percent from December 2017, data from the National Bureau of Statistics showed on Monday. Click here to read full stories.

Jan 21 - Western Australia claims BHP owes up to $215 mln in underpaid iron ore royalties

The state of Western Australia said on Monday an audit had found global miner BHP Group underpaid royalties on iron ore shipments sold via its Singapore marketing hub stretching back over more than a decade. BHP quickly disputed the claim, saying long-standing deductions it makes to account for the cost of selling Western Australia iron ore had been consistently audited and accepted by the state as part of calculations on how much the world's biggest miner owed it in royalty payments. Click here to read full stories.

Jan 21 - The aluminium puzzle: record deficit but bombed-out price: Andy Home

A new year but the same old problems for aluminium. "When you look at the economics of producing aluminium, these prices cannot be sustainable." That was the stark message from Roy Harvey, president and chief executive of U.S. aluminium producer Alcoa, speaking on the company's Q4 2018 results call. Click here to read full stories.

Jan 21 - Australia's Sandfire approaches MOD Resources with $63 mln offer

Copper miner Sandfire Resources said on Monday it has approached explorer MOD Resources about a potential combination of the two companies, valuing MOD at about A$88 million ($63 million). Sandfire released a statement following a media report on its interest in MOD, which is exploring for copper and gold in Botswana, but said its approach was preliminary and non-binding and there was no assurance a deal would proceed. Click here to read full stories.

Jan 21 - Berkshire denies media report on accord to extract lithium

A unit of Berkshire Hathaway Inc denied a report on Sunday that it reached an agreement to allow extraction of lithium from its geothermal wells in California, a project that could offer U.S. carmakers and battery producers a secure supply of the metal. "There is no agreement in place with anybody to allow extraction of lithium or any other minerals from the geothermal wells in California," Jessi Strawn, a spokeswoman for Berkshire Hathaway Energy Co, which is majority-owned by Warren Buffett's conglomerate, said in an emailed response to a Reuters query. Click here to read full stories.

Jan 21 - Russia becomes world's fifth biggest gold holder after sanctions

Russia has overtaken China to become the world's fifth largest official sector holder of gold as Western sanctions drove buying by its central bank to record highs in 2018, its data showed on Friday. With support from President Vladimir Putin, the central bank has been betting heavily on bullion, often seen as a safe haven or a natural hedge against the dollar, with active purchases in the last 10 years. Click here to read full stories.

Jan 21 - Tokyo Steel keeps product prices unchanged in Feb for second month

Tokyo Steel Manufacturing Co Ltd, Japan's top electric-arc furnace steelmaker, on Monday said it will hold steel product prices steady in February because of a weaker overseas market. This is the second month the company kept prices unchanged for all of its steel products, including its main H-shaped beams. Click here to read full stories.

Jan 21 - Rio Tinto's 2019 iron ore guidance at lower end of forecasts

Global miner Rio Tinto on Friday logged a slight drop in quarterly iron ore production in December and said it expected to produce more iron ore in 2019 in a target range that was at the lower end of analyst expectations. Mined copper production beat its guidance, mostly due to higher grades and better productivity at Rio Tinto's Kennecott operations in the Utah, the company said in a statement. Click here to read full stories.

Jan 21 - ArcelorMittal to build its first ever desalination plant in Brazil - execs

ArcelorMittal SA, the world's largest steelmaker, is set to build its first-ever desalination unit in Brazil to handle unforeseen water needs at its plant in the eastern state of Espírito Santo, senior company executives said in an interview on Friday. The unit is aimed at lessening the company's dependence on state water utility company Cesan and avoiding production cuts at times of water crises as the state suffered in 2015 and 2016, said Jorge Ribeiro, president of operations at ArcelorMittal's Brazilian flat steel division. Click here to read full stories.

Jan 21 - China Moly to increase stake in Congo's Tenke copper mine to 80 pct

China Molybdenum Co Ltd said on Friday it had agreed to buy a holding company for $1.14 billion in order to increase its control in Democratic Republic of Congo's massive Tenke copper mine. China Moly, already the majority owner of Tenke, will have an 80 percent stake in the mine after the acquisition of BHR Newwood DRC Holdings Ltd, a holding company set up by private equity firm BHR to buy a 24 percent stake in Tenke in 2017, China Moly said in a filing to the Shanghai stock exchange. Click here to read full stories.

Jan 18 - EU takes aim at Turkish steel sector already buckling under Trump tariffs

The European Commission's move to extend its steel import restrictions threatens to force Turkish mills, already buckling under the weight of U.S. tariffs, to cut production further or in some cases close down, sources said. The Commission said on Wednesday it will extend and beef up its existing "safeguard" steel import caps until July 2021 to counter concerns that European Union markets are being flooded with steel no longer being exported to the United States.  Click here to read full stories.

Jan 18 - U.S. House backs sanctions on Russia's Rusal in symbolic vote

The U.S. House of Representatives backed legislation on Thursday to keep sanctions on companies linked to Russian oligarch Oleg Deripaska, including aluminum firm Rusal, but the Trump administration is expected to lift them as soon as Friday. The Democratic-led House voted by an overwhelming 362 to 53 in favor of a resolution of disapproval of the U.S. Treasury Department's decision last month to lift sanctions on the core businesses of Deripaska: Rusal, its parent, En+; and power firm EuroSibEnergo Plc. Click here to read full stories.

Jan 18 - Rio Tinto's 2019 iron ore guidance at lower end of forecasts

Global miner Rio Tinto on Friday logged a slight drop in quarterly iron ore production in December and said it expected to produce more iron ore in 2019 in a target range that was at the lower end of analyst expectations. Mined copper production beat its guidance, mostly due to higher grades and better productivity at Rio Tinto's Kennecott operations in the U.S. state of Utah, the company said in a statement. Rio's fourth-quarter iron ore production stood at 86.6 million tonnes, down by 1 percent from the fourth quarter of 2017, due to fewer shipments. Click here to read full stories.

Jan 18 - Crude steel output at Russia's Severstal down 4 pct q/q in fourth qtr

Russia's Severstal , one of the country's largest steel producers, said on Friday its crude steel output fell 4 percent in the fourth quarter from the previous three months to 2.94 million tonnes due to falling pig iron production and a seasonal slowdown at one mill. Crude steel sales totalled 2.76 million tonnes, up 2 percent compared to the previous quarter. The share of domestic sales declined to 62 percent due to a seasonal slowdown in domestic consumption, Severstal said. Click here to read full stories.

Jan 18 - LME to launch seven new contracts on March 11, lithium due in Q4

The London Metal Exchange (LME) will launch seven new cash-settled futures contracts on March 11, including hot-rolled coil (HRC) steel and alumina, it said on Thursday. The exchange, the world's oldest and largest market for industrial metals, also said in a statement that it expected to launch a lithium contract in the fourth quarter. Click here to read full stories.

Jan 18 - Chile's Cochilco keeps 2019 copper forecast at $3.05/lb amid trade war, Brexit

Chile's Cochilco state copper commission on Thursday maintained its average price prediction of $3.05 per pound for 2019, rising to $3.08 for 2020, amid the continuing U.S.-China trade war and further potential volatility because of Brexit. Cochilco said it saw production at 5.941 million tonnes for 2019, up 1.6 percent from 5.845 million in 2018, and a 227,000 tonne deficit in the global market for 2019, dropping to 185,000 in 2020. Chile is the world's top producer of the red metal. Click here to read full stories.

Jan 18 - U.S. Energy Department to develop lithium recycling research center

The U.S. Energy Department said on Thursday it is launching a research center on lithium battery recycling in an effort to reduce U.S. dependence on foreign sources for the metal that is increasingly being used in electric vehicles and electronics. The department is also launching a prize for lithium battery recycling, with awards of $5.5 million, to speed the process of taking recycling designs from concept to demonstration. Click here to read full stories.

Jan 18 - Investors punish Voestalpine for latest profit warning

Voestalpine blamed operating problems in the United States and provisions from a German cartel investigation for its second profit warning in four months, sending shares in the Austrian steelmaker 8 percent lower on Thursday. The latest warning risks tarnishing the legacy of Chief Executive Wolfgang Eder who bows out in July after 15 years in charge. Click here to read full stories.

Jan 18 - Marex Spectron warned by executive of fraud risk - lawsuit documents

Commodities broker Marex Spectron was warned by one of its executives about the risk of fraud before it finalised a metals financing deal with French bank Natixis that triggered a $32 million lawsuit by the lender, court documents seen by Reuters show. Natixis filed the lawsuit against Marex in May 2017 after the bank said warehouse ownership receipts for nickel provided by Marex had turned out to be fake. Natixis holds Marex responsible for not identifying the fraud before the financing deal was completed. Click here to read full stories.

Jan 17 - Bid to keep U.S. sanctions on Russia's Rusal fails in Senate

In a victory for President Donald Trump, the U.S. Senate on Wednesday rejected legislation to keep sanctions on companies linked to Russian oligarch Oleg Deripaska, including aluminum firm Rusal. Senators voted 57-42 to end debate on the measure, as 11 of Trump's fellow Republicans broke from party leaders to join Democrats in favor of the resolution, amid questions about Trump's relationship with Russian President Vladimir Putin. Click here to read full stories.

Jan 17 - Flash LME nickel squeeze may be a taste of things to come: Andy Home

Nickel bears have been sent running for cover by this week's ferocious squeeze on the London Metal Exchange (LME). Short-dated time-spreads have flexed out to levels not seen in many years as a long-running decline in LME nickel stocks translates into cash-date tightness. Click here to read full stories.

Jan 17 - Alcoa beats profit estimates on strength in alumina segment

Top U.S. aluminum producer Alcoa Corp  beat Wall Street estimates for quarterly profit on Wednesday, buoyed by strength in its alumina segment, but shares slipped after the company did not provide a closely watched profit measure for the full year. The company's shares were down 1.6 percent in extended trading, reversing course after rising as much as 3.5 percent to $30. Click here to read full stories.

Jan 17 - Philippines' Global Ferronickel holds ore shipments to China steady as economy cools

Philippines nickel ore miner, Global Ferronickel Holdings Inc, said on Thursday it aims to ship 5.7 million wet metric tonnes to China this year, in line with 2018, as China's cooling economy slows expected demand. Global Ferronickel also said it has signed a contract to sell 1 million wmt of ore to Baosteel, a unit of top steel manufacturer China Baowu Steel Group. It is also looking to sell ore to China's Guangdong Century Tsingshan Nickel Industry Co. Click here to read full stories.

Jan 17 - EU agrees to extend steel import curbs until 2021

The European Union will limit imports of steel into the bloc following U.S. President Donald Trump's imposition of metals tariffs after EU governments backed the plan in a vote on Wednesday. It means that all steel imports will be subject to an effective cap until July 2021 to counter concerns of EU producers that European markets could be flooded by steel products that are no longer being imported into the U.S. Click here to read full stories.

Jan 17 - Voestalpine issues new profit warning, blames extra costs, provisions

Voestalpine shares were marked sharply lower on Thursday after the speciality steelmaker's second profit warning in four months, which it blamed on operating problems in a U.S. plant and provisions for a cartel investigation. Voestalpine stock, which lost nearly half its value last year, was indicated to fall between 5 and 7 percent. Click here to read full stories.

Jan 17 - Divers locate one body in flooded Indian mine after 35 days

Indian navy divers found the body of one of 15 miners who went missing in a flooded coal mine in a remote corner of the country more than a month ago, officials said on Thursday. Rescuers have been struggling to pump water out of the 370-feet-deep illegal "rat-hole" coal mine in the northeastern state of Meghalaya, where the men have been trapped for 35 days. Click here to read full stories.

Jan 17 - Australia’s Whitehaven Coal 2nd-qtr production up 11 pct - statement

Australia's largest independent coal producer Whitehaven Coal said on Thursday its second quarter saleable coal production rose 11 percent as a timely pickup in production from its Narrabri mine bolstered output. Managed saleable coal production for the three months to Dec. 31 2018 came in at 5.6 million tonnes, compared with production of 5 million tonnes a year ago, the company said in a statement. Click here to read full stories.

Jan 16 - Chile nuclear watchdog weighs probe into fraud over lithium exports - documents

Chile's nuclear watchdog CCHEN is considering an investigation into potential fraud after an audit found that the agency for decades failed to properly record exports of ultralight battery metal lithium, documents obtained by Reuters show. The internal review found "significant errors" in CCHEN's accounting of the sales of the world's top lithium producers Albemarle Corp and SQM between 1984 and 2015, suggesting the agency at times had lost track of how much lithium was being exported and where it was going. Click here to read full stories.

Jan 16 - Anglo American begins quest to unearth next CEO

Anglo American has promoted a section head it considers to have CEO potential, focusing its attention on internal talent as it begins searching for a successor to the man who steered the mining company through the 2015-16 commodities price slump. CEO Mark Cutifani has won plaudits for his stewardship since taking the helm in 2013, though his strategic ability has been questioned in some quarters despite Anglo shares climbing around 12 percent last year, outperforming London-listed peers including Glencore and Rio Tinto. Click here to read full stories.

Jan 16 - Defying Trump, U.S. Senate advances measure critical of easing Russia sanctions

The Republican-led U.S. Senate voted on Tuesday to advance a resolution disapproving of a Trump administration plan to ease sanctions on Russian companies tied to Russian oligarch Oleg Deripaska, clearing the way for debate and a vote on the plan. The result marked a rare break from President Donald Trump.  Click here to read full stories.

Jan 16 - 'Adapt to new era' - Mexico lawmaker seeks tougher rules for miners

Mexico's mining companies, including copper giant Grupo Mexico, should prepare for new labor rules and new regulations over their operations, including the prospect of higher taxes, a veteran labor leader now in the Senate told Reuters on Tuesday. Senator Napoleon Gomez Urrutia, who heads the labor committee and sits on the mining committee, unleashed epic union battles a decade ago before he left Mexico to fight corruption charges he says were politically motivated. Click here to read full stories.

Jan 16 - Ford and IBM among quartet in Congo cobalt blockchain project

Carmaker Ford, technology giant IBM South Korean cathode maker LG Chem and China's Huayou Cobalt have joined forces in the first blockchain project to monitor cobalt supplies from Democratic Republic of Congo. The pilot, overseen by responsible-sourcing group RCS Global, aims to help manufacturers ensure that cobalt used in lithium-ion batteries has not been mined by children or used to fuel conflict. Click here to read full stories.

Jan 16 - Norsk Hydro says Brazil state authority lifts Alunorte production embargo

Norwegian aluminium-maker Norsk Hydro ASA said on Tuesday that Brazil's northern state of Para has lifted a production embargo on its Alunorte alumina refinery but noted that full production will not resume until a federal court follows suit. The plant is operating at half capacity after admitting early last year to making unlicensed emissions of untreated water during severe rains. Click here to read full stories.

Jan 16 - Industrialist Gupta's GFG Alliance aims to expand U.S. steel operations

British industrialist Sanjeev Gupta's GFG Alliance is on the lookout for further acquisitions in the United States to expand its footprint in the Midwest and East Coast, the privately held steel and energy conglomerate said on Wednesday. GFG is also considering building out steel capacity at its new Keystone Consolidated Industries (KCI) plant in Illinois and restarting a furnace at its Liberty Steel Georgetown plant in South Carolina, it said in a statement. Click here to read full stories.

Jan 16 - Apollo Global nears deal to buy Arconic for more than $10 bln - WSJ

Apollo Global Management LLC is nearing a deal to buy U.S. aluminum products maker Arconic Inc for more than $10 billion, the Wall Street Journal reported on Tuesday.The private equity firm would pay between $21 and $22 per share in a deal that would likely be announced this week, the report said, citing people familiar with the matter. Click here to read full stories.

Jan 15 - Newmont takes top gold producer spot with $10 bln Goldcorp buy 

Newmont Mining Corp said on Monday it would buy smaller rival Goldcorp Inc for $10 billion, creating the world's biggest gold producer in the face of dwindling easy-to-find reserves of the precious metal. The transaction, the biggest ever takeover in the gold sector according to Refinitiv, follows Barrick Gold Corp's agreement in September to buy Randgold Resources Ltd in a deal valued at $6.1 billion.  Click here to read full stories.

Jan 15 - China's trade data weak? Not if you look at commodities: Russell 

Anybody reading the commentary on China's December trade figures would be left with the impression of an economy increasingly losing momentum amid a dispute with the United States. It was reasonable for analysts to zero in on the 4.4 percent drop in China's December exports from a year earlier, a huge miss when a rise of 3 percent had been forecast. Click here to read full stories.

Jan 15 - Global metals trading volumes slide on macro uncertainty: Andy Home 

Investors have fled the industrial metals markets as previous trading strategies have been overwhelmed by macro uncertainty. That's the clear take-away from an analysis of last year's trading volumes on the world's three major exchanges. Click here to read full stories.

Jan 15 - Russia's Alrosa returns to diamond exploration in Zimbabwe 

Russian diamond giant Alrosa has set up a subsidiary in Zimbabwe to begin mining operations there, it said on Monday, more than two years after it shelved plans to expand into the southern African country. Alrosa, the world's largest diamond producer by output, started conducting geological exploration in Zimbabwe in 2013 but dropped the licences it held there in 2016 due to a reform of the country's diamond industry. Click here to read full stories.

Jan 15 - U.S. Senate to take up Russia sanctions measure Tuesday 

The U.S. Senate will begin voting on Tuesday on a resolution criticizing the Trump administration's decision to ease sanctions on companies linked to Russian oligarch Oleg Deripaska, a measure that is unlikely to pass given the Republican majority in the chamber. Senate Democratic Leader Chuck Schumer sent a letter to Senate Republicans and Democrats on Monday urging them to support the resolution of disapproval. Click here to read full stories.

Jan 15 - S.Africa's AMCU union to expand Sibanye-Stillwater strike to platinum operations

South Africa's Association of Mineworkers and Construction Union (AMCU) is planning to strike at Sibanye-Stillwater's local platinum operations, it said on Monday, expanding an earlier stoppage affecting its gold facilities. Since the union downed tools at Sibanye's gold operations in mid-November, four employees have been killed during strike-related violence and the firm has said it expected to miss its 2018 bullion output forecast. Click here to read full stories.

Jan 14 - China's 2018 iron ore imports fall 1 pct, first annual drop since 2010

China's 2018 iron ore imports fell by 1 percent from the previous year, the first annual decline since 2010, according to data from the General Administration of Customs on Monday. Full-year iron ore imports fell to 1.064 billion tonnes in 2018 from an annual record of 1.075 billion tonnes in 2017, the data showed. The ore imports, though, still exceeded 1 billion tonnes for a third year running. Click here to read full stories.

Jan 14 - China copper imports hit record high in 2018

China's unwrought copper imports rose 12.9 percent to a record annual high of 5.3 million tonnes in 2018, customs data showed on Monday, boosted by the country's crackdown on scrap metal shipments. For December, imports fell 4.7 percent from the previous month to 429,000 tonnes from a revised figure of 450,000 tonnes in Novemeber, the General Administration of Customs said. December was also down 4.7 percent from the same month a year ago. Click here to read full stories.

Jan 14 - Gupta's Liberty Steel receives A$124 mln contract to supply tunnel project

Liberty Steel, a subsidiary of GFG Alliance, won a contract to supply steel for a tunnel project in the Australian state of Victoria, the state government said on Sunday. Liberty was awarded a A$124 million ($89.1 million) contract to supply the West Gate Tunnel project in Victoria with 92,200 tonnes of Australian-manufactured steel, the government said in a press release. Click here to read full stories.

Jan 14 - Rio Tinto calls force majeure on some iron ore shipments after fire in Australia

Rio Tinto said on Monday it has declared force majeure on iron ore shipments to some customers following a fire at its Cape Lambert export terminal in Australia last week. The miner closed part of the terminal's operations after the fire on last Thursday. Click here to read full stories.

Jan 14 - Congo poll leaves uncertainty for miners at heart of EV revolution

The surprise outcome of Congo's election - a vote meant to bring closure to years of turmoil under President Joseph Kabila - has done little to ease uncertainty for miners and investors in a country crucial to the electric vehicle revolution. Democratic Republic of Congo is the world's leading miner of cobalt, a mineral used in electric car batteries which has seen a surge in demand in recent years, with mines run by firms including Glencore and China Molybdenum. Click here to read full stories.

Jan 14 - Premiums for Japan aluminium imports in Q1 fall to 2-year low

Premiums for aluminium shipments to Japan for January to March were agreed at their lowest in more than two years as spot premiums fell amid ample supply, said multiple sources directly involved in the pricing talks. The deals were mainly done at premiums of $85 per tonne, with a few deals done at $83 and $84, the sources said. Click here to read full stories.

Jan 11 - Modi's 'Make in India' a casualty as steel, auto firms spar over sourcing

India's steel ministry is putting pressure on automakers to use locally made steel by refusing to back down on tougher import rules despite warnings that the new egulations could disrupt the production of cars, government and industry sources said. The steel ministry in August announced stringent import rules for some high-grade steel products that are sourced by carmakers from countries such as Japan and South Korea but not yet manufactured in India. Click here to read full stories.

Jan 11 - New year starts with a bang for the tin market: Andy Home

The new year has started with a bang for the tiny tin market. London Metal Exchange (LME) three-month tin has just broken up through the $20,000 per tonne level for the first time since June last year. At a current $20,180, the price is up 11 percent on its November low of $18,145 and has a new spring in its step after two years of consistent under-performance relative to the rest of the LME pack. Click here to read full stories.

Jan 11 - China 2018 zinc output down 4.6 pct, biggest drop in 5 years - Antaike

China's refined zinc production saw its steepest plunge since 2013 last year amid tight raw material supply, longer maintenance periods and the relocation of the country's top smelter, according to Antaike, the research arm of the China Nonferrous Metals Industry Association. But a recent spike in treatment and refining charges (TC/RCs)  in China, the top producer of the metal used to galvanise steel, could lead to a rebound this year, some analysts expect. Click here to read full stories.

Jan 11 - China industry ministry to ban new steel project expansions - Xinhua

China will "strictly prohibit" the expansion of new iron and steel projects in 2019, the country's inustry minister told the official Xinhua agency in an interview on Thursday. Miao Wei, minister of industry and information technology, said the capacity expansion ban would also apply to the cement and flat-glass industries, which were already subject to restrictions in 2018, while newly added primary aluminium capacity would continue to be "strictly controlled". Click here to read full stories.

Jan 11 - Newmont cuts 120 jobs at Nevada gold mining operation

Newmont Mining Corp , the world's No. 2 gold producer, is cutting 120 jobs at its Carlin mining operation in Nevada after deciding to reduce the life span of one mine and suspending part of another due to a wall slide, a spokesman said on Thursday. The Denver, Colorado-based company announced the cuts to its workforce and union on Jan. 7 and is in the process of informing affected employees, Newmont spokesman Omar Jabara said. Click here to read full stories.

Jan 11 - Blaze damages Rio Tinto's Cape Lambert iron-ore export facility

Rio Tinto Ltd  closed part of its Cape Lambert iron-ore export terminal in Western Australia after a fire caused damage, the company said on Thursday. The blaze occurred early on Thursday and was extinguished with no injuries, the company said in an emailed statement. Click here to read full stories.

Jan 11 - Thyssenkrupp break-up plans face economic, financial hurdles in 2019

Thyssenkrupp faces risks ranging from economic uncertainty to cartel fines in 2019, potentially complicating a planned spin-off of the German company's capital goods business which has so far left some investors unconvinced. Shares in Thyssenkrupp have fallen 26 percent since September when it bowed to long-standing pressure to separate its elevators, car parts and plant engineering from steel, naval vessels and metals distribution, lagging German  European and global stocks. Click here to read full stories.

Jan 10 - SQM and Chile reach lithium deal, but Atacama water woes continue

Chile's environmental regulator this week approved a $25 million compliance plan by lithium miner SQM, ending a multi-year investigation by authorities that found the Chilean miner had overdrawn lithium-rich brine from the Atacama salt flat. The case, now resolved, raised questions about how much brine and fresh water was left beneath the Atacama, and how long it would last. Click here to read full stories.

Jan 10 - Indonesia forecasts drop in Grasberg copper concentrate exports in 2019

Copper concentrate exports from Indonesia's Grasberg mine, the world's second-largest copper mine, are forecast to plunge this year because of a lag in output as operations move from open pit to underground mining, a government official said on Wednesday. In 2019, copper concentrate exports are expected to drop to 200,000 tonnes from about 1.2 million tonnes last year, said Yunus Saefulhak, the director of minerals at the Energy and Mineral Resources Ministry. Click here to read full stories.

Jan 10 - Chile's Collahuasi plans resource sharing with Canada's Teck Resources

Chile's Collahuasi copper mine is talking to Canada's Teck Resources Ltd about resource-sharing as the two companies embark on ambitious expansion projects, its Chief Executive Jorge Gomez said on Wednesday. Collahuasi - owned by Glencore and Anglo American - is seeking "synergies" with companies with operations close to its own mine in the Tarapaca area on the border with Bolivia, Gomez said, principal among them Teck. Click here to read full stories.

Jan 10 - EU expected to clear steel import curb after Trump tariffs

European Union countries are expected to next week approve a scheme to limit imports of steel into the bloc following U.S. President Donald Trump's imposition of tariffs on steel and aluminium entering the United States. The vote on Jan. 16 would put in place an effective cap on steel imports for three years to counter concerns of EU producers that European markets could be flooded by steel products that are no longer being imported into the U.S.. Click here to read full stories.

Jan 10 - Sibanye-Stillwater expects gold output to miss forecast amid wage strike

Sibanye-Stillwater said on Thursday its bullion output in 2018 would be lower than forecast after almost half of the employees down tools since mid-November in a wage strike that has killed four employees at its South African gold operations. The miner said it expected 2018 production to come in at 1.1 million ounces compared with a guidance of between 1.13 million ounces and 1.16 million ounces, despite plans being implemented to curb losses. Click here to read full stories.

Jan 10 - Swiss gold refiner Valcambi offers $16 mln for Republic Metals Corp - source

Swiss precious metals refiner Valcambi has made a $16 million offer to buy the assets of Miami-based rival Republic Metals Corporation (RMC), which filed for bankruptcy last year, a source familiar with the matter said on Wednesday. The source said the New York bankruptcy court hearing the case had accepted the offer as a stalking horse bid, implying that any other bids that come in must be higher than Valcambi's. Click here to read full stories.

Jan 10 - Chile's copper mines post mixed results through Nov 2018 - Cochilco

Chile's largest copper mines posted mixed results through November of 2018, with a slight drop in output at state miner Codelco offset by a surge in production from BHP's Escondida, the world's largest copper mine. In all, copper production in the world's top producer of the red metal reached 5.33 million tonnes, a 6 percent increase over the same period the previous year. Click here to read full stories.

Jan 09 - Scant relief for U.S. aluminium users from removal of Rusal sanctions

U.S. plans to remove sanctions on Russian aluminium giant Rusal  will be of limited benefit to consumers in the United States where tariffs on aluminium imports mean producers still need much higher prices to incentivise shipments. The U.S. Treasury has said it would lift sanctions on Rusal this month after a restructuring that reduces tycoon Oleg Deripaska's stake in parent company EN+ to below 50 percent.  Click here to read full stories.

Jan 09 - Gold-backed ETFs gained globally in 2018, even with North America outflows

Gold-backed exchange-traded funds ended 2018 with new inflows globally as uncertainty about Britain's exit from the EU drove investors to the perceived safety of European-backed ETFs, more than offsetting outflows in North America resulting from a strong U.S. dollar. Gold-backed exchange-traded funds (ETFs) worldwide registered net inflows of $3.4 billion, a 3 percent annual rise and increased by 69 tonnes to 2,440 tonnes in the year. Click here to read full stories.

Jan 09 - A cold blast from China chills industrial metals markets: Andy Home

Base metals started the new year where they left off the old one, by falling again. The London Metal Exchange index (.LMEX) slumped to a one-and-a-half year low of 2730.1 on Jan. 3. The trigger was Apple Inc's revenue warning, not the type of news event that normally roils prices of old-economy metals such as copper, lead and zinc. But the reaction was highly instructive of what to expect in the months ahead. Click here to read full stories.

Jan 09 - Japan to seek talks with South Korea over Nippon Steel court decision

Japan will seek talks with Seoul regarding a South Korean court decision against a Japanese company over the issue of wartime forced labour, its top government spokesman said on Wednesday. A South Korean court on Tuesday approved a request by plaintiffs in a wartime forced labour case to seize part of the local assets of Nippon Steel & Sumitomo Metal Corp, Yonhap News Agency said, citing a court official. Click here to read full stories.

Jan 09 - Chile copper mines to triple use of sea water in 10 years - report

Chile's copper industry will triple its use of sea water for industrial processes in the next decade, state copper agency Cochilco said on Tuesday, as global miners in the world's top producer of the red metal seek alternatives amid growing water shortages. Cochilco said in a report that it expected use of sea water, both desalinated and direct from the ocean, to increase by 230 percent over 2018 levels. Click here to read full stories.

Jan 09 - Chilean regulator fines Itau Corpbanca over SQM-linked loans

Chile's securities regulator said on Tuesday it had fined lender Itaú Corpbanca $8.8 million for exceeding loan limits in extending credit to companies controlling local lithium producer SQM. The Superintendency of Banks and Financial Institutions (SBIF) opened an investigation in 2017 into allegations Itaú Corpbanca had granted excessive loans to SQM holding companies Norte Grande, Potasios de Chile and Pampa Calichera. Click here to read full stories.

Jan 08 - No talks planned on U.S. metals tariffs after Trudeau-Trump chat

The leaders of Canada and the United States discussed U.S. tariffs on Canadian steel and aluminum on Monday but no talks on lifting the sanctions are planned, a Canadian source familiar with the matter said. After the conversation between Prime Minister Justin Trudeau and U.S. President Donald Trump, Trudeau's office released a statement saying the two men had "discussed next steps in addressing steel and aluminum tariffs." It gave no details. Click here to read full stories.

Jan 08 - Commodity markets back Beijing's stimulus, await trade talks: Russell

Commodity markets appear to have delivered their verdict on China's plans to stimulate its economy, betting that Beijing's boost to infrastructure spending will work. China's central bank cut the amount of cash that banks have to hold as reserves for a fifth time in a year on Jan. 4, a move that will free up as much as $116 billion in new credit. Click here to read full stories.

Jan 08 - India's Supreme Court clears reopening of Vedanta's copper smelter

India's Supreme Court on Tuesday cleared the way for Vedanta to reopen its south Indian copper smelter by refusing to stay an order from the country's environmental court, the company's lawyer said. The Tamil Nadu state government appealed against the Indian environment court's order in December to set aside Tamil Nadu's order to close the copper smelter permanently.  Click here to read full stories.

Jan 08 - Chile copper output to jump by 30 percent in 10 years - report

Chile's copper production could jump by nearly 30 percent over the next 10 years, Chile’s state copper agency Cochilco said on Monday. Cochilco said in a report that output from Chile, the world's top producer of the red metal, could reach a record of 7.25 million tonnes as early as 2025. Click here to read full stories.

Jan 07 - Zambia Vedanta unit halts operations at underground mine on tax concerns

Zambia's Konkola Copper Mines (KCM), majority owned by Vedanta Resources, suspended operations at its Nchanga mine following the introduction of an import duty on copper concentrates, the company said. Zambia, Africa's No.2 copper producer, introduced new mining duties, increased royalties and plans to replace Value Added Tax (VAT) with a sales tax by April to help bring down mounting debt. Click here to read full stories.

Jan 07 - Air quality worsens in China's Henan province, improves elsewhere

Air pollution in China's heavy-industrial province of Henan worsened in December even as other regions improved, official data showed, with its cities hit by unfavourable weather and a struggle to find cleaner sources of economic growth. China is restricting industrial output, traffic and coal consumption in the smog-prone north for a second year in a bid to cut pollution during the winter heating period, when thousands of mainly coal-burning boilers are switched on. Click here to read full stories.

Jan 07 - China to step up crackdown on rare earth sector - ministry

China will step up efforts to eliminate illegal mining, production and smuggling of rare earth materials, while at the same time, encourage more high-end processing, the industry ministry said in new guidelines published on Friday. China is responsible for more than 90 percent of the global supply of rare earth elements, a group of 17 metals used in high-tech and strategic sectors such as renewable energy and defence. Click here to read full stories.

Jan 07 - At least 30 gold miners killed in tunnel collapse in northern Afghanistan

At least 30 Afghans were killed on Sunday when the tunnel they were digging in to mine gold in northern Afghanistan collapsed, officials said. Officials said the victims were villagers who were mining for gold illegally, rather than in a government project. Click here to read full stories.

Jan 07 - Congo slashes cobalt output estimate for Jan-Sept 2018

Democratic Republic of Congo revised down its estimate of cobalt production for the first nine months of 2018, to 81,292 tonnes from an earlier estimate of 115,116 tonnes, central bank data showed on Friday. The revision means that output of cobalt, an important component of electric car batteries, rose 35.9 percent compared to the same period in 2017, rather than 92.5 percent as the bank said previously. Click here to read full stories.

Jan 04 - Zambia says audit shows mining firms in arrears to government

The Zambia Revenue Authority (ZRA) said on Friday an audit shows mining companies owe the government more than the state is due to pay them in tax refunds. Mining companies have been demanding Zambia pay the $550-$600 million due to them in Value Added Tax (VAT) refunds. Click here to read full stories.

Jan 04 - Detour Gold names Paulson-backed Bill Williams as interim CEO

Detour Gold said on Thursday it has picked Paulson & Co-backed nominee Bill Williams to be its interim chief executive officer, replacing Michael Kenyon. The Canadian gold miner was previously involved in a months-long proxy fight with billionaire John Paulson's hedge fund, which pushed for a complete overhaul of the board and Kenyon's resignation. Click here to read full stories.

Jan 03 - Iron ore, coal defy weakening China PMI, but for how long? : Russell 

The slump in China's Purchasing Managers' Index (PMI) is likely to prove an unwelcome New Year's gift to the world's major exporters of bulk commodities such as iron ore and coal. The manufacturing gauge compiled by Beijing's National Bureau of Statistics dropped to 49.4 in December, dropping below the 50-level that demarcates growth from contraction, for the first time since July 2016. Click here to read full stories.

Jan 03 - New Barrick eyes several options to end Tanzania tax dispute -CEO 

The new Barrick Gold Corp is considering options for its stake in Acacia Mining PLC including possible sale, as Barrick works to end a nearly two-year-long tax dispute in Tanzania that has effectively shuttered operations there, Chief Executive Officer Mark Bristow said on Wednesday. The new Barrick, which began trading on Wednesday following its merger with Randgold Resources, holds a 64 percent stake in Acacia, which has not been able to export gold during the tax row. Click here to read full stories.

Jan 02 - S.Koreans seek Nippon Steel asset seizure in 'forced labour' case - paper

South Korean plaintiffs in a World War Two forced labour court case against Japan's Nippon Steel & Sumitomo Metal Corp have applied to seize some of Nippon Steel's Korean assets, their lawyers said on Wednesday. The application for the asset seizure, if approved by the court, could further strain South Korea's already frosty bilateral relations with Japan over the issue. Japan denounced a South Korean Supreme Court ruling in October that Nippon Steel should pay 100 million won ($90,500) to each of four South Koreans to compensate them for suffering forced labour during the war. Click here to read full stories.

Jan 02 - Gold loses cachet to U.S. dollar in 2018, palladium sparkles with 3rd year of gains

Gold prices were on course for their first annual fall in three years on Monday, having largely been outgunned by the U.S. dollar as a refuge from global geopolitical and trade tensions, while palladium notched up a third year of gains propelled by robust investor demand coupled with a sustained deficit. Spot gold traded at $1,279.41 per ounce late on Monday, on track to end 2018 down nearly 1.8 percent, while the most-active gold futures contract settled 2018 down 4.2 percent at $1,281.30 an ounce. Click here to read full stories.

Jan 02 - Zijin Mining plans to sell $1.2 bln A-shares to fund Nevsun purchase

Chinese gold miner Zijin Mining Group Co Ltd said it plans to sell up to 8 billion yuan ($1.16 billion) worth of new shares in Shanghai to help fund its purchase of Canada's Nevsun Resources Ltd. Zijin aims to sell up to 3.4 billion A shares to investors in China, in a plan which is subject to shareholder and regulatory approval, the firm said in a filing to the Hong Kong bourse late on Tuesday. Click here to read full stories.

Jan 02 - U.S. Mint American Eagle 2018 gold, silver coin sales at 11-year lows

U.S. Mint sales of American Eagle gold and silver coins dropped to their lowest in 11 years during 2018, U.S. Mint data showed on Monday, as investors favored higher-yielding assets, despite global stock and bond market volatility late in the year. Total 2018 sales of American Eagle gold coins sold by the U.S. Mint reached 245,500 ounces, the lowest on a year-over-year basis since 2007. Click here to read full stories.

Jan 02 - Rio Tinto, Mongolia sign power deal for Oyu Tolgoi copper mine

Rio Tinto and Mongolia have signed a deal for the supply of power to the miner's giant copper mine extension at Oyu Tolgoi by mid-2023, with both sides saying the framework agreement marked a step forward after a protracted dispute. The Oyu Tolgoi project is central to Rio Tinto's push to diversify its portfolio away from iron ore, but it has faced a series of challenges as Mongolia's fragile government wrangles over how to maximise benefits for the country. Click here to read full stories.

Jan 02 - Blackwater founder launches fund to invest in car battery metals - FT

Erik Prince, who founded the private security company Blackwater, is launching a fund to invest in metals used in electric vehicle batteries, he told the Financial Times. The fund aims to raise up to $500 million and will invest in deposits of metals such as cobalt, copper and lithium, largely in Africa and Asia, he told the newspaper. Click here to read full stories.

Jan 02 - Chile monthly copper output highest in 13 years

Chile's copper production touched 540,720 tonnes in November, its highest level in 13 years, as ore grades and efficient processing favored increased output in the world's top producer of the red metal, the government said on Monday. Copper production rose 7 percent from the same month the previous year, Chile's national statistics agency INE said, putting it at its highest level since December 2005. Click here to read full stories.

Jan 02 - Cocoa tops 2018 gainers, as growth worries roil metals, crude

Cocoa prices ended 2018 with strong gains, leading generally firmer agricultural markets, but the year marked falls for most major commodities as increasing global economic uncertainty hit metals and oil. Worries about slackening growth in China, the world's second-largest economy, and trade talks between Washington and Beijing will be the main focus in the new year, analysts said, while oil markets fear a growing oversupply. Click here to read full stories.

Jan 02 - LME confirms it will end suspension on Rusal metal if sanctions lifted

The London Metal Exchange (LME) confirmed on Monday it would lift its suspension on aluminium produced by Russia's Rusal if U.S. sanctions are lifted, saying a consultation with users had not raised any objections to the plan. The LME proposed removing its block on Rusal metal on Dec. 19, after the U.S. Treasury's Office of Foreign Assets Control (OFAC) struck a deal with Rusal and two other firms tied to Oleg Deripaska to sever the Russian oligarch's control over them. Click here to read full stories.

Jan 02 - China to restrict imports of scrap steel, aluminium from July

China will restrict imports of scrap steel and aluminium from July 1, the environment ministry said on Saturday. Scrap steel and aluminium would be moved from an unrestricted import list of solid waste products usable as raw materials to a restricted import list, the Ministry of Ecology and Environment said in a statement. Click here to read full stories.

Dec 21 - Biting the bullet, not the dust: Deripaska gives up his aluminium empire 

The U.S. decision to lift sanctions on Russia's Rusal, the world's top aluminium producer outside China, is widely seen as a Christmas present for the company, global consumers of its metal, and the Russian stock market. But its co-owner and founder Oleg Deripaska will have mixed feelings, as the deal means giving up control of his prized aluminium empire and then seeing it return to business as usual while he remains blacklisted alongside drug lords. Click here to read full stories.

Dec 21 - China aluminium producers set to cut another 800,000 T of capacity - Antaike 

China's aluminium producers are set to cut at least another 800,000 tonnes per year of smelting capacity, said analysts from Antaike, the research arm of the China Nonferrous Metals Industry Association, without giving a timeframe. Chinese smelters have so far closed more than 3.2 million tonnes of capacity in 2018, about 80 percent of that in the second-half of the year amid a slump in aluminium prices, the Antaike analysts said in a note posted on the social media platform Wechat on Friday.  Click here to read full stories.

Dec 21 - The year that politics broke the metals cycle: Andy Home 

The two-year rally in industrial metal prices came to an abrupt end at the start of June. The London Metal Exchange Index, a basket of the LME's major base metal contracts, hit a three-year high of 3499.6 in the first week of that month. Prices then imploded over the ensuing weeks and the blood-bath has continued ever since. The Index stood at 2845.5 as of Wednesday's close, back at mid-2017 levels when the rally was just gathering a head of steam. Click here to read full stories.

Dec 21 - Anglo American resumes iron-ore operations at Minas-Rio 

Anglo American said on Friday it was restarting operations at its Minas-Rio iron ore mine in Brazil after months of closure and said it expected an underlying EBITDA loss of $320 million for 2018 as a result of the outage. Provided it receives the necessary permit, Anglo American said it expected operations to ramp up to 1.2 million tonnes of iron ore per month and to produce approximately 16-19 million tonnes of iron ore in 2019. Click here to read full stories.

Dec 21 - Mexico plans no drastic changes to mining sector - official 

The head of Mexico's mining industry said the new government does not seek to implement drastic changes in the sector, cancel concessions or raise royalties that companies pay to extract minerals. At the end of last month, shares of Mexico's main mining companies fell more than 10 percent after the party of new President Andres Manuel Lopez Obrador made a proposal in the Senate that would toughen rules for the sector. Click here to read full stories.

Dec 21 - Copper market in 168,000 tonnes deficit in Sep 2018 - ICSG 

The global world refined copper market showed a 168,000 tonnes deficit in September, compared with a 43,000 tonnes deficit in August, the International Copper Study Group (ICSG) said in its latest monthly bulletin. For the first 9 months of the year, the market was in a 595,000 tonnes deficit compared with a 226,000 tonnes deficit in the same period a year earlier, the ICSG said. Click here to read full stories.

Dec 21 - American Eagle gold, silver coin demand reaches 11-year lows 

In a sign of precious metals demand, sales of U.S. Mint American Eagle gold and silver coins are closing out their weakest year since 2007, as investors favored higher-yielding assets, despite volatility in global stock and bond markets late in the year. Annual sales of U.S. Mint American Eagle gold coins were at 244,500 ounces for 2018 as of Dec. 20, the lowest since 2007, when 198,500 ounces were sold. Silver American Eagle coins sold by the U.S. Mint for 2018 were at 15.56 million ounces, also the lowest in 11 years. Click here to read full stories.

Dec 21 - Turkish steel production, exports seen contracting some 30 pct, industry says 

Turkish steel production and exports are seen falling by some 30 percent in 2019, hit by weak domestic demand, protectionist measures in international markets and an increase in China's steel exports, the head of the steel exporters association said. Turkey, the world's eighth-largest steel producer and tenth-biggest exporter, has been battered by a currency crisis this year that saw the lira plunge more than 47 percent against the dollar and sent inflation to 25 percent. The crisis has knocked economic growth and hit domestic demand. Click here to read full stories.

Dec 20 - Aluminium plunges, Rusal shares soar as U.S. to lift sanctions 

The U.S. Treasury said it will lift sanctions on the core empire of Russian businessman Oleg Deripaska, including aluminium giant Rusal and its parent En+, watering down the toughest penalties imposed since Moscow's 2014 annexation of Crimea. London aluminium prices sank to a 16-month low after the U.S. Treasury's announcement, while shares in Rusal, the world's largest aluminium producer after China's Hongqiao, surged to an eight-month high. Click here to read full stories.

Dec 20 - Codelco agrees 3-year "evergreen" deals with clients in strategy overhaul 

Chilean state miner Codelco has agreed to sell France's Nexans, China's Minmetals and U.S.-based Southwire 50,000 to 100,000 tonnes of copper each from 2019 to 2021 in rolling deals known as "evergreens", sources close to the matter said. The contracts - which roll annually, meaning that from 2020 they would be extended for three years until the end of 2022 and so on, if both parties agree - mark a change in tactics at Codelco, which typically sells copper through annual deals. Click here to read full stories.

Dec 20 - China's aluminium firms to meet to discuss market slump - sources 

Representatives from China's biggest aluminium producers will hold a meeting on Friday in the southern region of Guangxi to discuss slumping demand and falling prices, said three sources familiar with the matter. The producers held a similar gathering in late 2015 and the meeting comes as a protracted price decline leaves smelters struggling to turn a profit, even after significant output cuts. China is the world's biggest producer and consumer of aluminium.  Click here to read full stories.

Dec 20 - Canada expands steel, aluminum tariff exemptions 

Canada said on Wednesday it will exclude some imported steel and aluminum from its newest import tariffs and quotas following a request from the construction industry in British Columbia, which depends on imported metal. The government also said it would give additional relief to some companies that have contractual obligations. In Canada, automakers frequently buy U.S. steel under contract, import and distribute it to their Canadian suppliers as well as their own plants, but it was not immediately clear which companies would be affected. Click here to read full stories.

Dec 20 - Orocobre says lithium carbonate prices slump, does not see recovery soon 

Shares in Orocobre Ltd tumbled on Thursday, dragging on other lithium producers, after it said prices it received for its lithium carbonate sank sharply this quarter, and that it did not see prospects for a strong rebound early next year. Orocobre will receive an average of $10,800 per tonne on approximately 2,850 tonnes of lithium carbonate in the fourth quarter, a drop of 26.5 percent from $14,699 a tonne in the prior quarter. Click here to read full stories.

Dec 20 - Thyssenkrupp to propose Merz as chairwoman as year of turmoil ends 

Thyssenkrupp will propose as chairwoman Martina Merz, whose background includes roles at Volvo, Bosch and Lufthansa, the German company said, as it prepares to spin off its capital goods units. Appointed to its supervisory board last month, Merz, 55, is expected to be confirmed as a member at a shareholder meeting on Feb. 1, Thyssenkrupp said. Once confirmed, she will be proposed as the board's chairwoman. Click here to read full stories.

Dec 20 - Zambia pricing itself out of global mining market -industry body 

Zambia is pricing itself out of the global mining market with proposed increases in mining taxes, the head of the local mining body said on Thursday. Some mines would become loss-making as a result of the Zambian government's plans to impose new mining duties and increase royalties to bring down mounting debt, Zambia Chamber of Mines President Goodwell Mateyo told a news conference. Click here to read full stories.

Dec 20 - Lonmin's biggest mining union tries to block Sibanye deal 

A South African union has filed an appeal to overturn a mining deal in which Sibanye-Stillwater intends to acquire rival Lonmin, Sibanye said on Wednesday. The Association of Mineworkers and Construction Union (AMCU), protesting to job cuts related to the deal, launched an appeal with the Competition Appeals Court. Click here to read full stories.

Dec 20 - Recharge: LG and Samsung take heart as China flags more open car battery market 

For automotive battery makers LG Chem Ltd and Samsung SDI Co Ltd, the Chinese market has begun to offer promise after painful loss-making investments. The reason for their hardship: a government list of recommended battery suppliers published three years ago that became linked to generous car subsidies and did not include foreign firms. Since then, Chinese rivals led by Contemporary Amperex Technology (CATL) and BYD Co Ltd have virtually locked up the world's biggest market for electric vehicle batteries. Click here to read full stories.

Dec 20 - U.S. to lift sanctions from aluminium giant Rusal 

The U.S. Treasury will lift sanctions on the core empire of Russian businessman Oleg Deripaska, including aluminium giant Rusal and its parent En+, watering down the toughest penalties imposed since Moscow's 2014 annexation of Crimea. In April, the U.S. Treasury imposed sanctions on Deripaska, Rusal, En+ and other companies in which he owns stakes, citing "malign activities" by Russia, prompting turmoil in global aluminium markets. Click here to read full stories.

Dec 20 - Trump takes the 2019 outlook for commodities hostage: Russell 

Forecasting the year-ahead outlook for commodities, while popular among analysts, is a bit of a mug's game at the best of times, but the view for 2019 is made even more complicated by one volatile factor: Donald Trump. While there are other drivers of commodity prices next year, the mercurial U.S. president looms large over the sector, and the actions of his administration will either amplify or partially nullify the established trends. Click here to read full stories.

Dec 20 - Noble Group completes $3.5 billion restructuring to emerge as smaller, unlisted firm 

Noble Group, the once mighty commodity trader, on Thursday completed its drawn out $3.5 billion debt restructuring to emerge as a smaller, unlisted Asia-focused coal-trading business. The completed restructuring effectively closes the saga of Noble's collapse from Asia's biggest commodity trader with a market value of over $6 billion to less than $80 million that began in February 2015 when its accounting practices were questioned by Iceberg Research. Click here to read full stories.

Dec 19 - Glencore’s Katanga pays $22 million to settle Canada regulator probe 

Glencore-controlled Katanga Mining Ltd said on Tuesday it agreed to pay more than $22 million to settle Canadian allegations of inadequate historical disclosures of its finances and activities in the Democratic Republic of Congo. Johnny Blizzard, chief executive officer of the Toronto-listed company, will resign and leave its board, which includes three new directors, the miner said in a filing on Tuesday. Click here to read full stories.

Dec 19 - Indonesia's Inalum aims to close $3.9 bln Freeport deal this week -CEO 

Indonesian miner PT Inalum said it expects to finalise this week a $3.85 billion deal to take majority control of the local subsidiary of mining giant Freeport McMoRan Inc FCX.N, once environmental and other issues are resolved. The long-anticipated deal will close "hopefully this week", Inalum CEO Budi Gunadi Sadikin told Reuters in an interview on Tuesday, adding that a conclusion within that timeframe was "highly likely". Click here to read full stories.

Dec 19 - Hedge funds give up on indecisive "Doctor" copper: Andy Home 

Fund managers have thrown in the towel on the copper market. The mega long position accumulated on the COMEX copper contract in 2017 is long gone. Click here to read full stories.

Dec 19 - Zinc market deficit narrows to 43,400 tonnes in October - ILZSG 

The global zinc market deficit narrowed to 43,400 tonnes in October from a revised deficit of 46,900 tonnes in September, data from the International Lead and Zinc Study Group (ILZSG) showed on Tuesday. The September data was revised after it gave an initial estimate for a deficit of 54,700 tonnes. Click here to read full stories.

Dec 19 - Australia's Kidman Resources, LG Chem ink lithium hydroxide deal 

Australia's Kidman Resources has signed a preliminary deal to supply lithium hydroxide to LG Chem Ltd of South Korea, Kidman said on Wednesday, as suppliers to the electric vehicle industry rush to secure raw materials for a boom in demand. Kidman will supply 12,000 tonnes of lithium hydroxide a year to the diversified chemicals company for 10 years. A final deal is expected by July 31, the company said in a statement to the Australian bourse. Click here to read full stories.

Dec 19 - Nigeria's first gold refinery plans to triple capacity in five years 

Nigeria's first gold refinery is expected to more than triple its capacity within five years after operations begin next June, an executive at the company developing it said on Tuesday. Nere Teriba, vice chairman of local firm Kian Smith Trade & Co, said the refinery would initially be able to produce three tonnes per month of gold and one tonne of silver, rising to 10 tonnes a month of gold and three tonnes of silver in five years. Click here to read full stories.

Dec 19 - Australia Federal Court narrows BHP's suits over Samarco disaster 

The Federal Court of Australia on Tuesday ordered that the number of class-action lawsuits against BHP Group over a Brazilian mine collapse be narrowed to one from three. BHP is facing legal challenges over the 2015 collapse of the Fundao tailings dam, which stored mining waste at a mined owned by the Samarco joint venture between BHP and Brazilian iron ore mining giant Vale. The disaster killed 19 and spilled about 40 million cubic metres of sludge over communities and into the Rio Doce river and the Atlantic Ocean. Click here to read full stories.

Dec 19 - Portugal sees first lithium licensing tender in 2019, wants refinery 

Portugal expects to launch a tender for lithium exploration licences next year, the new secretary of state for energy said on Tuesday, confirming the general outlines of a plan devised under his predecessor, although with a slight delay. In September, Joao Galamba's predecessor Jorge Seguro Sanches said he wanted to launch the tender before the end of 2018 as part of a plan to make Portugal Europe's top supplier of the metal for electric car batteries and meet an expected surge in global demand for lithium. Click here to read full stories.

Dec 18 - Australia Federal Court narrows BHP's suits over Samarco disaster 

The Federal Court of Australia on Tuesday ordered that the number of class-action lawsuits against BHP Group over a Brazilian mine collapse be narrowed to one from three. BHP is facing legal challenges over the 2015 collapse of the Fundao tailings dam, which stored mining waste at a mined owned by the Samarco joint venture between BHP and Brazilian iron ore mining giant Vale.  Click here to read full stories.

Dec 18 - China's HBIS to invest in $4.4 bln steel project in Philippines 

HBIS Group, China's second-biggest steelmaker, has signed a memorandum of understanding on a $4.4 billion project in the Philippines that will eventually produce 8 million tonnes of steel per year, according to Chinese state media reports and a statement from the Philippines. The so-called Philippine Iron and Steel Project will be the Southeast Asian country's first integrated steel complex and represents the biggest industrial investment from China in the Philippines to date, a Dec. 14 statement from the Philippine Department of Trade and Industry said. Click here to read full stories.

Dec 18 - Thyssenkrupp steel boss Goss to lead joint venture with Tata Steel 

Germany's Thyssenkrupp and India's Tata Steel on Monday named the top management of their planned European joint venture, ending months of uncertainty over who will join the entity's leadership. Andreas Goss, the head of Thyssenkrupp's steel division, will become the chief executive of the entity, which will be Europe's second-largest steelmaker after ArcelorMittal. Click here to read full stories.

Dec 18 - China Nov lead output at highest on record - stats bureau 

China's lead output in November rose by 18.3 pct year on year to 484,000 tonnes, National Bureau of Statistics data showed on Monday. The figure is the highest monthly total in records going back to 1995, although the bureau typically does not provide individual numbers for January and February output due to the impact of Chinese New Year. Click here to read full stories.

Dec 18 - Canadian regulator to consider Katanga settlement proposal Tuesday 

A Canadian regulator will consider on Tuesday whether to accept a proposal from Katanga Mining Limited to settle allegations related to the Glencore-controlled company's activities in Democratic Republic of Congo. Katanga said in a statement on Monday it could not give details of the proposal until after the hearing, at which the Ontario Securities Commission (OSC) will consider whether a global settlement with Canadian-listed Katanga is in the public interest. Click here to read full stories.

Dec 18 - Global nickel market deficit widens in October - INSG 

The global nickel market deficit widened to 19,600 tonnes in October from the previous month's revised deficit of 9,000 tonnes, the International Nickel Study Group (INSG) said. During the first 10 months of the year the deficit widened to 118,700 tonnes from 86,500 tonnes in the same period of 2017, the INSG data showed. Click here to read full stories.

Dec 18 - India miner NMDC challenges state demand for higher iron ore revenue 

India's biggest iron ore miner NMDC Ltd on Monday sued the southern state of Karnataka to block demands for a bigger share of revenue from the sale of iron ore from a local mine, said a senior state-level official. Rajender Kataria, the state's mining secretary, told Reuters on Monday a court will hear the matter on Jan. 10. Click here to read full stories.

Dec 18 - Newcrest raises stake in Ecuador copper-gold developer SolGold 

Australian gold miner Newcrest Mining Ltd has raised its holdings in Ecuador gold and copper developer SolGold Plc, nudging further ahead of the company's second biggest investor BHP Group. Newcrest International Pty paid 11.148 million pounds ($14.06 million) for 27.87 million shares of SolGold at 0.40 pound per share, a premium of 12.8 percent. That raised its stake to 15.33 percent from 13.83 percent, Newcrest said in a filing to the London bourse, further ahead of BHP's 11.1 percent holding. Click here to read full stories.

Dec 18 - Russia's NLMK appoints new head of trading 

Russia's largest steelmaker NLMK said on Monday it had appointed Elena Lobodina as head of its trading department which manages NLMK's exports. Prior to joining NLMK, Lobodina was general manager at Gazprom's marketing and trading department, where she was responsible for business development. Click here to read full stories.

Dec 18 - Dutch start-up Lithium Werks considering European battery plant 

Dutch start-up Lithium Werks BV is considering Poland and other European countries for a storage battery plant alongside the 1.6 billion euro ($1.8 billion) one it plans to build in China, founder Kees Koolen told Reuters on Monday. Energy storage is becoming increasingly important as the use of intermittent renewable sources of power grows. Combining wind, solar and battery technology would bring down cost of renewable energy and help power grids balance supply and demand. Click here to read full stories.

Dec 17 - China's outcast steel machines find unwelcome home in Southeast Asia 

China banned induction furnaces last year in a crackdown on polluting producers of low-quality steel, but these machines have made their way to parts of Southeast Asia, hitting domestic steelmakers and fueling safety and environmental concerns. The Philippines and Indonesia have seen an influx of these furnaces since China prohibited their use for steelmaking in June 2017, eliminating 140 million tonnes of capacity - or just over the combined output of the United States and Germany. 

Dec 17 - Australia's Fortescue expects to produce 5-10 mln T of new mid-grade iron ore in 2019 

Australia's Fortescue Metals Group on Monday announced the first shipment of its new mid-grade iron ore and said it expected to produce 5-10 million tonnes of the commodity next year. The shipment of 60.1-percent West Pilbara Fines iron ore went to customers in China, but Fortescue did not disclose volumes. 

Dec 17 - China steel prices tick up on winter curbs, stimulus hopes: Russell 

China's steel and iron ore prices have started to climb in response to winter production curbs, but recent gains are far from suggestive of a rosy outlook for the sector. The catalyst for the rebound in prices would appear to be signs that the authorities in steel-making centres are starting to clamp down harder on air pollution, after earlier indications that this winter's output curbs wouldn't be as severe as those for the previous cold season. 

Dec 17 - Indian court clears way for reopening Vedanta copper smelter, state govt to appeal 

An Indian environment court set aside on Saturday the Tamil Nadu state government's order to close Vedanta's copper smelter plant permanently, taking the company closer to reopening its facility in southern India. The green court's decision came months after the smelter was ordered shut by Tamil Nadu over alleged pollution that led to violent protests in May, which culminated in police opening fire on demonstrators and killing 13. 

Dec 17 - Albemarle closes $1.15 bln deal for Australian lithium joint venture 

Albemarle Corp said on Friday it had finalized an agreement to form a lithium joint venture with Australia's Mineral Resource Ltd for $1.15 billion. The deal, announced last month, will give U.S.-based Albemarle a 50 percent stake in Mineral Resource's Wodgina lithium project in Western Australia which exports unrefined hard rock ore. 

Dec 17 - Colombia tribunal suspends awarding of mining licenses, gov't to appeal 

A Colombian tribunal ordered the government on Friday to suspend the awarding of mining licenses until it establishes protected areas, while the mines and energy ministry said it would appeal against the decision. The ruling by a tribunal in Cundinamarca province is the latest headache for miners in Colombia, where a series of referendums to ban mining led to the closure of at least one major project. The constitutional court then said the votes could not stop projects. 

Dec 17 - Thyssenkrupp fills key management posts after year of turmoil 

Thyssenkrupp moved on Friday to fill key management positions, preparing for the spin off its capital goods business after a tumultuous year that saw the resignation of the conglomerate's top leadership. The German steel-to-elevators group said it would propose Johannes Dietsch, finance chief of pharmaceuticals group Bayer until May, as chief financial officer from February 2019 with a three-year contract. 

Dec 17 - Shares of Qatar Aluminium surge above IPO price on debut 

Shares of Qatar Aluminium opened at 18.00 riyals on Sunday, 78 percent above their initial public offer price of 10.10 riyals, capping a successful run for Qatar's biggest equity listing this year. State-owned Qatar Petroleum sold 49 percent of its shares in its subsidiary Qatar Aluminium Manufacturing Co in late October in a deal that raised roughly $758 million. 

Dec 17 - Tokyo Steel to hold Jan prices steady amid weaker overseas market 

Tokyo Steel Manufacturing Co Ltd, Japan's top electric-arc furnace steelmaker, on Monday said it will hold steel product prices steady in January amid a weaker overseas market. The company raised prices for its heavy plates in December by 2.5 percent to reflect tight market conditions, but kept prices unchanged for other products, including its main one, H-shaped beams.  

Dec 17 - Speculators switch to a 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 Dec. 11, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. They also cut a net short position in silver contracts and switched to a net short position in copper contracts in the week, the data showed. 

Dec 17 - Canada's Imperial Metals hires BMO to speed up restructuring -sources 

Canadian copper producer Imperial Metals has hired Bank of Montreal(BMO) to speed up a restructuring process that could include the sale of the company for up to $1 billion, two sources familiar with the matter said. Imperial Metals, backed by Canadian billionaire Murray Edwards, earlier this year set up a special committee to identify strategic alternatives including joint ventures and a total or partial sale of the business. 

Dec 17 - First Quantum Minerals to cut over 1,000 jobs at Zambia mine 

Canada's First Quantum Minerals plans to lay off more than 1,000 workers at Zambia's Kalumbila copper-nickel mine when the government hikes taxes in January, the minister of labour said on Saturday. Labour Minister Joyce Simukoko told Reuters that the management at Kalumbila mine wrote to her office last week informing her of the planned job cuts.

Dec 14 - Chinese battery firm halts purchases of cobalt from Glencore - sources 

Chinese battery firm GEM has stopped buying cobalt from Glencore as the price of the battery material crashed below that agreed in a three-year deal between the two companies, sources close to the matter said. GEM said in a March 14 regulatory filing that it would buy 52,800 tonnes of cobalt from mining and trading giant Glencore between 2018 and 2020, without revealing the price. Click here to read full stories.

Dec 14 - China's aluminium output rebounds in Nov, defies weak prices 

China's primary aluminium output rebounded in November after three straight months of decline, defying a fall in prices for the metal used in everything from construction to making cars. Analysts were surprised by the climb, which came as smelters apparently ramped up output ahead of winter production curbs that kicked in around the middle of the month. Click here to read full stories.

Dec 14 - Smog and a hard place: China regions caught between economic woes and pollution war 

Amid a slowing economy and a slew of mixed signals from the environment ministry, China's embattled local governments are facing a dilemma: do they go all out to curb smog this winter, or do their best to keep factories humming? China has promised to put an end to a "growth at all costs" economic model, which has blackened its skies and contaminated large stretches of its water and soil. The government just embarked on another winter campaign against polluters in a dozen smog-prone provinces and regions. Click here to read full stories.

Dec 14 - China Nov steel output hits 7-mth low on plunging profits, winter curbs 

China's crude steel output dropped to its lowest in seven months in November, government data showed on Friday, hit by shrinking profit-margins at mills and winter restrictions on emissions. The world's top steelmaker produced 77.62 million tonnes of steel last month, down from a record 82.55 million tonnes in October and the weakest level since April, data from the National Bureau of Statistics (NBS) showed on Friday. Click here to read full stories.

Dec 14 - Codelco says Chuquicamata mine operating normally despite protests 

Chile's Codelco's said its sprawling Chuquicamata copper mine was operating normally after workers blocked access to the mine overnight Thursday. Unions at Chuquicamata, the state miner's second largest by output, have protested for months over plans to transform the century-old open pit into an underground mine, a key facet of Codelco's $39 billion, 10-year drive to update its aging deposits. Click here to read full stories.

Dec 14 - Paulson's success at Detour Gold could serve as 'template' for future activism 

Billionaire hedge fund manager John Paulson's success in ousting the bulk of Detour Gold Corp's board could serve as a "template" for an expected increase in shareholder activism in the gold sector, institutional investors said on Thursday. The Canadian mining company's shareholders voted for five board nominees backed by Paulson & Co at a special meeting on Thursday, and Detour's interim chief executive officer and the chairman were not re-elected to the nine-member board. Click here to read full stories.

Dec 14 - China aluminium smelter shuts 250,000 T capacity, eyes Sichuan move 

Chinese aluminium producer Henan Zhongfu Industrial has closed a 250,000-tonne-per-year smelting subsidiary and plans to transfer the capacity to southwest China's Sichuan province, a company official said on Thursday. Aluminium smelters in China, the world's biggest producer of the metal, are struggling to make money at current Shanghai aluminium prices, which are languishing near two-year lows, resulting in significant output cutbacks. Click here to read full stories.

Dec 14 - Cuba sees nickel output topping 50,000 tonnes 

Cuba's nickel plus cobalt sulfide production will top 50,000 tonnes this year and earnings are up over 2017, the head of the country’s state monopoly Cubaniquel was quoted by local media as stating on Wednesday. Nickel is one of the cash-strapped Communist-run country’s most important exports, but revenue from it has suffered in recent years due to a decline in production and prices. Click here to read full stories.

Dec 14 - Zimbabwe mining minister invites De Beers, Vast Resources to return 

De Beers and Vast Resources will be allowed to explore for diamonds in Zimbabwe, which would make them the first listed companies to mine there in that sector for two years, Mining Minister Winston Chitando said. A spokesman for De Beers, an Anglo American unit, said in an email it was not mining in Zimbabwe and did not intend to. Vast Resources said it could not comment. Click here to read full stories.

Dec 14 - Thyssenkrupp proposes former Bayer finance chief as CFO 

Thyssenkrupp on Friday said it would propose to appoint former Bayer finance chief Johannes Dietsch as chief financial officer, continuing to fill numerous vacant jobs that have been left unfilled following months of crisis. Thyssenkrupp is undergoing one of its largest ever restructuring processes, which involves the spin-off of its capital goods businesses, capping a tumultuous summer that caused the group's CEO and chairman to resign. Click here to read full stories.

Dec 13 - Australian rail workers plan strikes that could hit key coal haulage tracks 

Coal railway workers at Australian hauler Aurizon Holdings Ltd are planning strikes after a breakdown in pay negotiations, their trade union said, a move that could delay shipments from the world's largest coking coal export region. Miners including BHP Billiton, Glencore, Anglo American and Peabody Energy use Aurizon's four major railways in the state of Queensland to bring coal to port. Click here to read full stories.

Dec 13 - Germany secures access to vast lithium deposit in Bolivia 

Germany and Bolivia on Wednesday sealed a partnership for the industrial use of lithium, a key raw material for battery cell production, in an important step to become less dependent on Asian market leaders in the dawning age of electric cars. Interest in battery metals such as cobalt, nickel and lithium is soaring as the auto industry scrambles to build more electric cars and cut noxious fumes from vehicles powered by fossil fuels in light of stricter emission rules. Click here to read full stories.

Dec 13 - BHP calls off $320 million deal to sell Chile's Cerro Colorado 

BHP said on Wednesday a deal to sell its Cerro Colorado copper mine in Chile to private equity fund EMR Capital had been called off because of problems with financing. The Anglo-Australian company, the world's biggest listed miner, said in June it had agreed to sell the mine in a cash deal worth as much as $320 million, depending on copper price performance. Cerro Colorado is one of three mines operated by BHP in Chile. Click here to read full stories.

Dec 13 - Barrick, Tanzania make progress in tax row, no deal yet - source 

Barrick Gold Corp has made progress in talks with the Tanzanian government to resolve a nearly 2-year-long tax dispute, but it is premature to say a deal has been reached, a person familiar in the matter told Reuters on Wednesday. Government officials met last week with executives from Toronto-based Barrick and Randgold Resources Ltd, which Barrick is acquiring, to discuss the issue, said the source, who declined to be identified due to the sensitivity of the talks. Click here to read full stories.

Dec 13 - Incoming Thyssenkrupp board member Merz favourite for chairwoman - sources 

Incoming Thyssenkrupp supervisory board member Martina Merz has emerged as favourite to become head of the steel-to-submarines conglomerate's supervisory board, three people familiar with the matter told Reuters on Wednesday. A proposal by the supervisory board to appoint Merz as chairwoman could be included in the invitation to the company's Feb. 1 annual general meeting (AGM), which will be sent out next week, the people said. Click here to read full stories.

Dec 13 - Amplats expects 20 pct jump in full-year earnings 

Anglo American Platinum on Thursday said it expects a 20 percent increase in full-year earnings, helped by an increase in the rand basket price and improved operational performance. Last year the world's largest platinum producer reported headline earnings of 3.9 billion rand ($277 million), or headline earnings per share of 1,482 cents. Click here to read full stories.

Dec 13 - Gold production resumes at Randgold's Loulo mine in Mali 

Production at Randgold's Loulo gold mine in Mali resumed on Wednesday after a week-long outage over a pay dispute, the head of the union said, warning of possible further industrial action. The head of the industry and mines union SECNAMI, Bani Sacko, told Reuters workers had returned to work after mediation talks on Tuesday night. Click here to read full stories.

Dec 13 - Gold Fields to restart South African gold production as workers return 

Workers will return to Gold Fields' sole South African mine on Thursday after a six-week strike was called off by the country's National Union of Mineworkers (NUM), with production likely to resume in earnest next year. Workers from the largest union operating at the South Deep mine downed tools in November after the bullion producer announced plans to cut 1,100 jobs at the mine - near a third of its workforce. Click here to read full stories.

Dec 13 - Greece seeks to avert nickel producer Larco shutdown 

Greece is trying to avert the possible closure of Europe's biggest nickel producer Larco and is looking at ways to ensure there are no interruptions to its electricity supply, the country's energy ministry said on Wednesday. Larco, which is 55 percent owned by the Greek state, owes about 280 million euros in unpaid electricity bills to state-controlled power utility Public Power Corp. (PPC), also a minority shareholder in the company. Click here to read full stories.

Dec 13 - Company walks fine line to revive Colombia emerald mine 

A tiny company is trying to breathe new life into a fabled, four-century-old Colombian emerald mine without triggering unrest among wary locals who fear being shut out of the tunnels where they hunt for gems and make a meager living. Fura Gems, the first listed emerald miner to operate in Colombia, has $10 million invested to date. The company, based in Dubai and listed in Canada, faces a community relations test as it tries to rehabilitate Coscuez, the country's top producer until sometime after 1998, as declining investment and outdated mining methods eroded output. Click here to read full stories.

 Dec 12 - Australia plans deal with U.S. on 'critical minerals', hopes to boost its exports 

Australia is this week set to sign a preliminary deal with the United States to support joint research and development of minerals deemed critical to the U.S. economy, a government minister said on Wednesday. That comes as Washington is looking to diversify its sources of supply for 35 minerals used in smartphones, computers and military equipment amid a festering trade war with China. Click here to read full stories.

Dec 12 - Anglo forecasts copper, diamonds and platinum to lift output 

Anglo American said on Tuesday its overall production will rise by more than previously expected between 2018 and 2021, while this year's costs are forecast to be lower. Anglo said in an update to investors and analysts that 2018 production will be 2 percent higher than its previous forecast, driven by increases in copper, diamonds and platinum group metals, while costs will be 5 percent below earlier guidance. Click here to read full stories.

Dec 12 - U.S. tariffs fail to dent Chinese aluminium export surge: Andy Home 

The U.S. International Trade Commission has just slapped anti-dumping duties on imports of Chinese common aluminium alloy sheet.  It's another brick in the trade wall being erected by the Trump administration as it seeks to insulate domestic manufacturers from the flood of what it deems unfairly subsidised Chinese products. Click here to read full stories.

Dec 12 - EU demand for construction steel still well below pre-crisis levels - ArcelorMittal 

Europe's demand for construction steel is down nearly 20 percent versus its pre-financial crisis peak, with the market still battling excess capacity, ArcelorMittal, the world's biggest steelmaker, said on Tuesday. EU steel prices have recovered sharply since hitting decade lows in late 2015, but investors are growing concerned that the sector will struggle if China's economy slows further as the trade dispute between the United States and China drags on. Click here to read full stories.

Dec 12 - Vale buys innovator New Steel for $500 mln 

Brazilian miner Vale SA, the world's biggest iron ore and nickel producer, said on Tuesday it had agreed with Hankoe FIP investment fund to buy innovation company New Steel for $500 million. New Steel develops innovative technology to process iron ore and currently owns patents in 56 countries for its dry processing method known as Fines Dry Magnetic Separation or FDMS, it said. Click here to read full stories.

Dec 12 - Zambia's chamber of mines sees 21,000 job cuts due to higher taxes 

Mining companies in Zambia may lay off more than 21,000 workers due to reduced capital expenditure over the next three years if the government introduces higher taxes in January, an industry body said on Tuesday. Africa's No.2 copper producer plans to introduce new mining duties, replace Value Added Tax with sales tax and increase royalties to help bring down mounting debt.  Click here to read full stories.

Dec 12 - Botswana’s Mowana copper mine suspends operations over working capital 

Mowana Mine, Botswana's only operating copper mine, has suspended operations due to working capital constraints which has seen the company fail to pay salaries and suppliers, it said on Tuesday. Mowana had a conditional $4 million working capital facility from Fujax Minerals and Energy Limited, from which it had drawn down $1 million. Click here to read full stories.

Dec 12 - One killed in Venezuela illegal mining clash - defense minister 

A member of Venezuela's Pemon indigenous group was killed during a "confrontation" last Saturday with security forces attempting to dislodge an illegal gold mine in southern Bolivar state, Defense Minister Vladimir Padrino said on Tuesday. It was the latest in a string of violent incidents in the remote jungles of the once-booming OPEC nation, where people are increasingly taking to informal gold mining as the country's socialist economy unravels and hyperinflation leaves millions struggling to afford basic food items. Click here to read full stories.

Dec 11 - Rio Tinto partner says yet to make big copper find at Western Australia site 

Exploration by Rio Tinto at one of its sites in a part of Western Australia that has been touted as potentially rich in copper has so far failed to find any economically viable veins of ore, the miner's partner in the project said on Tuesday. Antipa Minerals lodged a series of exploration updates with the Australian Securities Exchange on Tuesday including one covering its Citadel project with Rio in the state's Paterson province. Click here to read full stories.

Dec 11 - Speculators cut net short positions in COMEX gold, silver -U.S. CFTC 

Hedge funds and money managers trimmed their net short positions in Comex gold and silver contracts in the week to Dec. 4, the U.S. Commodity Futures Trading Commission (CFTC) said on Monday. They also cut a net long position in copper contracts in the week, the data showed. Speculators cut their net short position in gold by 50,289 contracts to 1,539 contracts, CFTC data showed. Click here to read full stories.

Dec 11 - Aurubis ups dividend, expects fall in earnings this year 

Aurubis AG, Europe's biggest copper producer, on Tuesday proposed a higher dividend for the financial year it has just completed while confirming a fall in quarterly operating profit and a reduced earnings outlook for the new year. The company proposed a 2017/18 dividend of 1.55 euros per share, up from 1.45 euros in the previous year. Click here to read full stories.

Dec 11 - China's commodity import volume surge tells a different tale to slack value growth: Russell 

The prevailing market narrative after China's overall November trade data was that the world's second-biggest economy is softening and starting to show the strains of the trade dispute with the United States. After all, both imports and exports undershot forecasts for the month. But while there is nothing inherently incorrect in such commentary, one factor that may not be getting as much attention as it should - the lower-than-anticipated growth in imports may be largely related to weaker commodity prices. Click here to read full stories.

Dec 11 - Oil margin pressure takes shine off Trafigura's annual profits 

Global commodity trader Trafigura Group reported its lowest annual net profit in eight years on Monday as a drop in oil trading margins offset a strong performance by its metals and minerals division. Traded volumes at its metals division increased by 37 percent in the financial year that ended on Sept. 30, mainly in coal, which had a "surprisingly strong" year, the company said. Click here to read full stories.

Dec 11 - Polyus: half-completed drilling at giant gold deposit shows rosy prospects 

Polyus, Russia's largest gold producer, has completed half of its drilling programme at the giant Sukhoi Log gold deposit in eastern Siberia and it is showing "promising results", its Chief Executive Pavel Grachev said. Grachev also told Reuters in an interview the company aimed at a full ramp-up of production at its new Natalka gold deposit in Russia's far east in December or in early 2019. Click here to read full stories.

Dec 11 - Congo's Gecamines to boost stake in Boss Mining JV to 49 pct 

Democratic Republic of Congo's state mining company Gecamines said on Monday it would increase its stake in its Boss Mining joint venture with ENRC Africa Holdings to 49 percent after the two companies renegotiated terms. The state miner is moving to increase its take from joint ventures with international miners such as Glencore and China Molybdenum, which it accuses of not bringing enough money to the country. Click here to read full stories.

Dec 11 - India's green court to issue judgment on Vedanta smelter next week 

India's environmental court on Monday said it will issue its judgment in one week on whether to allow Vedanta Ltd to re-open its copper smelter, which was closed earlier this year after 13 people died when police fired on protesters. A panel of experts set up by India's National Green Tribunal, informally known as the environmental court, in November said authorities in Tamil Nadu state failed to comply with procedures before shutting down the smelter. Click here to read full stories.

Dec 11 - Chile Jan-Oct copper production up 6 pct on Escondida rebound - Cochilco 

Chilean copper production rose by 6 percent between January and October compared to the same period last year, reaching 4.74 million tonnes, according to the country's copper commission Cochilco. The rise was attributed to the stronger performance of BHP's Escondida copper mine, the world's largest, which this year produced 95,900 tonnes of the red metal, an increase of 47 percent due to a strike in the year-ago period. Click here to read full stories.

Dec 11 - Voestalpine CEO hints at lower dividend for 2018/19 

Austria's specialty steelmaker Voestalpine may pay a lower dividend for its 2018/19 business year than the year before as declining demand from the car industry will weigh on full-year profit, its chief executive said on Monday. The company warned in October that its 2018/19 operating profit (EBIT) will come in just under 1 billion euros ($1.14 billion) instead of reaching last year's 1.18 billion euros as initially targeted. Click here to read full stories.

Dec 11 - Qingdao metals scandal accused handed 23-year jail term 

The man at the centre of the 2014 Qingdao metal warehousing scandal in China was sentenced to 23 years in prison on Monday and his company, Dezheng Resources, ordered to pay a 3.012 billion yuan ($438.22 million) fine. The verdict brings an end to a four-year probe into the firm, which was accused of duplicating warehouse certificates to pledge metal as collateral for multiple bank loans, in a scandal which rocked the metals industry and underlined the risks faced by banks and trading houses storing commodities in China. Click here to read full stories.

Dec 11 - Ivory Coast aims to double gold output by 2025 

Ivory Coast plans to double gold production by 2025, its vice president said on Monday, as the west African country strives to revive its long-neglected mining sector. Ivory Coast, the world's top cocoa producer, is seeking to diversify revenues by increasing gold output from 25 tonnes last year to 50 tonnes between 2020 and 2025, said Daniel Kablan Duncan at the opening of an ECOWAS meeting on mining and petroleum in the commercial capital Abidjan. Click here to read full stories.

Dec 10 - With steel waste in crosshairs, China extends its war on pollution 

China's self-styled war on pollution is extending to a new front: the solid waste that makes up thousands of slag heaps around the country, a byproduct of its record steel output. Beijing has been fighting to clean up the nation after years of breakneck economic growth took their toll on the environment, with its massive steel sector bearing the brunt of its vigorous campaign. Click here to read full stories.

Dec 10 - U.S. locks in duties on Chinese aluminum sheet imports 

The U.S. International Trade Commission said on Friday it made a final determination that American producers were being harmed by imports of common alloy aluminum sheet products from China, a finding that locks in duties on the products. The ITC determination means that duties ranging from 96.3 percent to 176.2 percent previously announced by the U.S. Commerce Department would be put in place for five years. Click here to read full stories.

Dec 10 - China's 2018 crude steel output to hit record level - govt research body 

China's 2018 crude steel output is expected to set an annual record of 923 million tonnes before slipping back to 900 million tonnes next year, a government consultancy said on Monday. Output in the world's top steel producer jumped this year from 831.73 million tonnes in 2017, with major mills boosting production to fill a gap after Beijing shut down low-grade steel capacity that had not previously been included in official data, said Li Xinchuang, president at the China Metallurgical Industry Planning and Research Institute. Click here to read full stories.

Dec 10 - Tesla lithium supplier Kidman settles ownership row over Australian mine 

Kidman Resources, a supplier of lithium to U.S. electric car maker Tesla said on Monday it had settled a court dispute that could have derailed joint development of a mine in Western Australian with Chile's SQM. In a statement announcing the settlement, Kidman did not specify terms. Court documents show the settlement was reached with private company Phoenix Rise and Jeffrey Hull, a retired geologist. Click here to read full stories.

Dec 10 - China's Tianqi says stake in Chile lithium miner SQM good for both firms 

The chief executive of China's Tianqi Lithium Corp said she believes investing in Chile's lithium miner SQM will bring "long-term benefits" for both companies, despite strict conditions set for its involvement by local anti-trust regulators. Vivian Wu told Chilean newspaper La Tercera on Sunday that Tianqi was looking at other potential investments in Chile as part of its aim to "solidify" its position in the new energy resources market. Click here to read full stories.

Dec 10 - Thyssenkrupp, Tata Steel near decision on steel JV board - sources 

Germany's Thyssenkrupp and India's Tata Steel are close to deciding who will lead their planned European steel joint venture, four people familiar with the matter said on Friday. Settling on the venture's leadership has been delayed by a strategy crisis and change of CEO at the German industrial conglomerate, which has said it would split into two companies. Click here to read full stories.

Dec 10 - Vale doubles down on nickel ahead of EV revolution: Andy Home 

Vale, the Brazilian mining giant built on supplying the world's steel mills with iron ore, is now betting on the electric vehicle (EV) revolution to turn its nickel division around.  "We believe in this revolution to come," Chief Executive Fabio Schvartsman told analysts at the company's investor day presentation in New York this week. Click here to read full stories.

Dec 10 - Russia seeks to speed up cutting VAT on gold - deputy finance minister 

Russia's finance ministry is seeking to speed up cutting VAT on investments in gold in part to support a Russian gold refiner which has been struggling after it was hit by U.S. sanctions, Deputy Finance Minister Alexei Moiseev told Reuters. The ministry said earlier this year it would propose cutting VAT on gold, and it is awaiting approval by the government on the issue which has been a matter of debate among Russian officials for years. Click here to read full stories.

Dec 10 - China November iron ore imports fall on poor steel margins 

China's iron ore imports fell for a second month in November, customs data showed on Saturday, pulled down by waning restocking demand at steel mills as profit margins narrow. The world's top steel producer brought in 86.25 million tonnes of iron ore last month, down 2.4 percent from 88.4 million tonnes in October and down 8.8 percent from 94.54 million tonnes a year earlier, data from the General Administration of Customs showed. Click here to read full stories.

Dec 10 - GFG Alliance to build 10 mln tpy steel plant in South Australia 

GFG Alliance said on Monday it would build a 10 million tonne-per-year (tpy) steel plant in the state of South Australia that would likely be funded in part by government subsidies. The new mill, relying on infrastructure from a bankrupt plant in the town of Whyalla, will focus on the production of steel slab, blooms and billets for export, and will provide "thousands of jobs," GFG Alliance said in a statement. Click here to read full stories.

Dec 10 - Gold output on hold at Randgold's Loulo mine over pay dispute - union 

Production at Randgold's Loulo gold mine in Mali has been on hold since Wednesday due to a dispute over pay, the head of the industry and mines union SECNAMI told Reuters. Workers went on strike at the Loulo-Gounkoto mining complex in April over bonus payments, but the standoff was resolved within a day. Click here to read full stories.

Dec 07 - Venezuela signs oil, gold investment deals with Russia - Maduro 

Venezuela has signed deals securing investment from Russia in the South American country's oil and gold sectors, President Nicolas Maduro said on Thursday at the end of a three-day trip to Moscow. "We have signed contracts to guarantee investments of more than $5 billion with our Russian partners in joint ventures to raise oil production," Maduro said in a video posted on his Twitter account. Click here to read full stories.

Dec 07 - Malaysian uncertainties complicate Aussie miner Lynas' growth plans 

Uncertainties surrounding Australian rare earths miner Lynas Corporation Ltd's future in Malaysia have hampered efforts to plan expansion, its chief executive said. Amanda Lacaze said Lynas has been weighing options to grow its business, which would likely mean expanding beyond its current processing facility in Malaysia. Click here to read full stories.

Dec 07 - Newmont says 2019 gold production at mid-point of previous outlook 

Newmont Mining Corp on Thursday updated its five-year production outlook and saidit expects gold production for 2019 to be in the midpoint of its previous forecast. The Colorado-based miner sees 2019 output at 5.2 million ounces of gold, from an earlier forecast range of 4.9 million ounces to 5.4 million ounces. Click here to read full stories.

Dec 07 - Gold-backed ETFs up on stock volatility in November 

Gold-backed exchange-traded funds (ETFs) registered inflows in all the world's major regions in November, as volatile stock markets fueled flight-to-safety buying, the World Gold Council said on Thursday. North American funds had inflows of $352.7 million while European funds posted inflows of $371.9 million last month, according to figures provided by the Council. It was the second consecutive month of net inflows for global gold-backed ETFs, as the price of gold rose 0.6 percent. Click here to read full stories.

Dec 07 - Vale says recent dip in global steel prices is temporary 

Brazil's Vale, the world's largest iron ore miner, said on Thursday a recent dip in global steel prices is temporary due to overproduction in China ahead of winter output cuts. Vale Chief Executive Fabio Schvartsman told investors in London that global capacity utilisation in the steel sector has risen to 76 percent this year from 73 percent last year, indicating excess capacity in the sector is shrinking, giving steelmakers pricing power. Click here to read full stories.

Dec 07 - EU's largest coking coal producer seeks growth through acquisitions 

The European Union's largest coking coal producer JSW could increase output by between 2.5 and 3 million tonnes per year by acquiring assets, far exceeding its current plan to grow production to 18 million tonnes by 2030 from roughly 15 million now. Poland's ambitions to invest in coal have stirred outrage at U.N. climate talks taking place in Katowice, around 50 kilometres from JSW's Silesian offices at Jastrzebie-Zdroj.  Click here to read full stories.

Dec 07 - Indian court expected to reopen Vedanta copper smelter but appeal likely - sources 

An Indian court is expected on Friday to follow an experts' panel recommendation and order the reopening of a copper smelter closed after 13 people died when police fired on environmental protesters in May, two sources familiar with the matter said. However, the Vedanta Ltd plant in southern India is unlikely to resume production anytime soon because the Tamil Nadu state government will likely appeal to India's Supreme Court, the sources said. Click here to read full stories.

Dec 07 - Brazil to auction 20,000 mining areas in first half 2019 - agency chief 

Brazil plans to auction off roughly 20,000 areas for mining exploration in the first half of 2019, Victor Bicca, the head of the National Mining Agency (ANM), said on Thursday. The exploration rights for the areas were taken back by the government after existing permitting processes there were stalled or abandoned and are equivalent to roughly 10 percent of the areas with mining permits pending. Click here to read full stories.

Dec 07 - U.S. finalizes duties on certain steel pipe from China, India 

The U.S. International Trade Commission on Thursday said it had determined that American producers were being harmed by imports of certain large-diameter welded steel pipe from China and India, a finding that locks in duties on those products for five years. Last month, the Commerce Department said the imports were being unfairly subsidized and dumped in the U.S. market, and it announced duties to protect domestic producers. Click here to read full stories.

Dec 07 - Barrick Gold to sell assets, reduce head-office management - WSJ 

Barrick Gold Corp will sell a research and development company it owns and reduce its technology staff, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The gold miner expects to close its Randgold Resources Ltd purchase Jan. 1, and incoming CEO Mark Bristow has said he plans to sell a variety of noncore core assets, cut costs and shrink head-office management to help delegate more authority to regional mining operations, according to the WSJ report. Click here to read full stories.

Dec 07 - Chile's Codelco agrees contract with Gabriela Mistral mine workers 

Chile's state copper miner Codelco said on Thursday it had reached agreement on a new collective labor contract in early negotiations with the union of workers at its Gabriela Mistral mine in northern Chile. The 36-month contract included a signing bonus of 4.2 million pesos ($6,216.63) and a 2 million peso ($2,960.30) premium paid to workers for agreeing to the early negotiation, Codelco, the world's No. 1 copper producer, said in a statement. Click here to read full stories.

Dec 06 - Palladium outshines gold for first time in 16 years 

Palladium is more valuable than gold for the first time since 2002, with prices soaring by around 50 percent in less than four months to record levels -- just as gold failed to capitalise on some seemingly bullish scenarios. A sustained supply deficit coupled with robust demand and rising interest from speculators have pushed prices of palladium - used mainly in emissions-reducing catalysts for vehicles - from around $832 an ounce in mid-August to a high of $1,263.56 per ounce on Wednesday. Click here to read full stories.

Dec 06 - Albemarle pushes Chile to reverse lithium quota decision - filings 

Albemarle Corp has launched an aggressive lobbying campaign after Chilean regulators denied its request to boost lithium output, stressing the company's importance to Chile's economy and workers, according to records reviewed by Reuters. The behind-the-scenes moves come even as Albemarle has publicly brushed off worries from analysts and investors about rising regulatory pressure in Chile, home to the world's largest reserves of lithium, a crucial ingredient in electric car batteries and mobile phones. Click here to read full stories.

Dec 06 - Vale to buy mid-sized iron miner Ferrous Resources - filing 

Brazilian miner Vale SA, the world's top nickel producer, is acquiring the control of Ferrous Resources Ltd., its controlling shareholder Icahn Enterprises LP said in a securities filing. Ferrous, which explores iron ore, will merge into a company controlled by Vale, the filing said, and will be valued at $550 million, including debt. The transaction is expected to close next year. Click here to read full stories.

Dec 06 - Miners bear brunt of risk aversion as investors take fright 

A two-year recovery in the mining industry has faltered, as trade tensions between China and the United States and concerns about economic growth weaken commodity prices and deter investment. Institutional investors and fund managers say tighter regulations, namely MiFID, a major reform of European Union financial markets, have limited banks' lending to mining companies and reduced research coverage, giving them fewer tools to carry out due diligence on businesses. Click here to read full stories.

Dec 06 - Vanadium's electric future hobbled by its industrial past: Andy Home 

Last year it was cobalt. The year before that it was lithium.  This year it is vanadium, another esoteric element of the periodic table that is on a wild bull rampage. Vanadium prices in China have more than tripled over the course of 2018, albeit with some recent softening from their early-November peaks. Click here to read full stories.

Dec 06 - China, India pull back from coal imports, hurting prices: Russell 

It's not shaping up as a merry Christmas for coal exporters to Asia as the region's top buyers, China and India, pull back from the recent trend of strong imports. The Chinese authorities appear to be making good on a commitment to try and limit the country's imports of the polluting fuel to levels the same as 2017. Click here to read full stories.

Dec 06 - Glass Lewis, Livermore back Paulson's Detour Gold proxy fight 

Independent proxy adviser Glass Lewis and hedge fund Livermore Partners on Wednesday joined activist investor Paulson & Co's call to make changes to the board of Canadian miner Detour Gold Corp. Glass Lewis recommended replacing Detour Chairman Alex Morrison and two other board members with Paulson nominees, while Livermore affirmed its call for an overhaul of the board. Click here to read full stories.

Dec 06 - Menendez says U.S. sanctions on Russia's Deripaska should remain 

The top Democrat on the Senate Foreign Relations Committee on Wednesday urged the Trump administration not to waive or remove sanctions on Russian oligarch Oleg Deripaska or two companies he controls. In a letter to U.S. Treasury Secretary Steve Mnuchin, Senator Bob Menendez cited unspecified reports that Treasury was considering such a move and noted the department's own analysis says the oligarch is accused of crimes from blackmail to murder. Click here to read full stories.

Dec 06 - Congo mining revenues jump 147 pct in first 9 months of 2018 

Democratic Republic of Congo collected $1.21 billion in revenues from its mining sector over the first nine months of 2018, an increase of 147.4 percent over the same period last year, finance ministry data showed. Revenues from the hydrocarbons sector rose 1.4 percent over that same period to $120.11 million, according to the data seen by Reuters on Wednesday. Click here to read full stories.

Dec 06 - Brazil launches new mining regulator in twilight of Temer gov't 

Brazil launched on Wednesday a new mining regulator aimed at cleaning up its slow permitting process, in an 11th-hour victory for outgoing President Michel Temer's reform agenda. The National Mining Agency (ANM) will replace the previous National Department of Mineral Production (DNPM). The agency boasts greater autonomy and funding that the government says will bring efficiency to a slow process of mining licenses. Click here to read full stories.

Dec 05 - Brazil's Vale to pump $500 mln into nickel mine, ends partner quest 

Brazilian miner Vale SA, the world's top nickel producer, plans to invest $500 million in its struggling New Caledonia nickel mine on its own after previously vowing to find a partner for the venture. Vale's decision to invest in the project alone, from 2019 to 2022, reflects the company's new understanding of the importance of an expected surge in electric vehicle (EV) sales, Chief Executive Fabio Schvartsman said on Tuesday. Click here to read full stories.

Dec 05 - BHP gets green light to develop nickel mine in Western Australia 

BHP on Wednesday said it had received approval from the government of Western Australian to develop a nickel mine in the state that will feed its Nickel West battery chemicals business. The Venus deposit is one of the most significant development options for Nickel West as the miner gears up to produce nickel sulphate next year to feed the burgeoning industry for electric vehicle batteries. Click here to read full stories.

Dec 05 - Australia rare earth miner Lynas eyes legal options on Malaysia plant review 

Australian rare earths miner Lynas Corporation said on Wednesday that it would consider legal options after Malaysia added new conditions to licence renewals for its $800 million plant in the country, sending Lynas shares sharply lower. The reaction came after Malaysia's Energy and Environment Ministry said on Tuesday the miner must comply with new conditions regarding waste management, ahead of the expiry of two licences next year, one of which included the export of radioactive residues. Click here to read full stories.

Dec 05 - Teck sells stake in Chile copper project to Sumitomo for $1.2 bln 

Canadian mining company Teck Resources Ltd said on Tuesday it has agreed to sell a 30 percent stake in its Quebrada Blanca copper mine expansion in northern Chile to Japan's Sumitomo for $1.2 billion. Sumitomo Metal Mining and Sumitomo Corporation will pay an $800 million earn-in contribution and $400 million matching contribution, below the $2 billion mark Teck had targeted to help develop the second phase of the mine. Click here to read full stories.

Dec 05 - UK steel sector crippled by power costs as Brexit looms 

British steelmakers pay twice as much for electricity as their French competitors and 50 percent more than their German rivals, an industry report showed on Wednesday, piling pressure on the sector as Britain prepares to leave the European Union. The report, commissioned by industry group UK Steel, shows the disparity between UK electricity prices and those in EU countries has increased for a third consecutive year, crippling energy-intensive sectors such as steel. Click here to read full stories.

Dec 05 - Germany's largest union demands 6 pct pay rise for steel workers 

German trade union IG Metall on Tuesday demanded a 6 percent wage increase for the 72,000 employees in the steel industry in the northwest of the country, firing the opening shot in next year's wage negotiations. IG Metall's influential branch in western state of North Rhine-Westphalia (NRW) is also demanding an annual bonus of 1,800 euros, which workers could opt to convert into additional days off. Click here to read full stories.

Dec 04 - Tianqi buys stake in lithium miner SQM from Nutrien for $4.1 bln 

China's Tianqi Lithium Corp has purchased a 23.77 percent share in Chilean lithium miner SQM from Canadian fertilizer giant Nutrien, the Chilean stock exchange said on Monday, for a total sale price of $4.066 billion. The sale to Tianqi comes as Chinese companies increasingly scour the globe for the raw materials necessary to ramp up Chinese production of electric vehicles. Click here to read full stories.

Dec 04 - China copper premiums slump to 18-month low as demand wanes 

Premiums for imports of copper into China, the world's biggest copper consumer, sank to an 18-month low on Monday in a sign that demand for physical metal is waning after a buying spree. The premiums, paid on top of benchmark three-month London Metal Exchange (LME) prices, fell 10.7 percent from Friday's levels to $62.50 a tonne, the lowest since June 2017. Click here to read full stories.

Dec 04 - Glencore appoints new industrial mining chief, copper marketing head to retire 

Glencore has appointed Peter Freyberg to the newly created role of head of industrial mining, the global trader and miner said on Monday, while its head of copper marketing Telis Mistakidis retires at the end of the year. The London-listed miner said billionaire Mistakidis, who owns a 3.2 percent stake in the company, will be replaced by Nico Paraskevas. Click here to read full stories.

Dec 04 - Canada's construction steel buyers face tariff 'roulette'

Canadian steel buyers are racing to get construction steel into the country to claim first-come, first-serve exemptions from tariffs that were meant to stabilize the country's market in the wake of U.S. President Donald Trump's metals tariffs. With steel prices already high, the companies that fabricate steel structures used in major building projects say the import controls, which cover at least 600,000 tonnes of steel, are making it even more difficult to operate because they cannot predict the price of basic materials. Click here to read full stories.

Dec 04 - Congo declares cobalt "strategic", nearly tripling royalty rate 

Democratic Republic of Congo has declared cobalt a "strategic" substance, a government decree showed on Monday, nearly tripling the royalty rate miners will pay on the key component in electric batteries to 10 percent. Prime Minister Bruno Tshibala signed the decree, which is dated Nov. 24, despite fierce opposition from leading investors including Glencore and China Molybdenum, who have lobbied against tax hikes under a new mining code adopted earlier this year. Click here to read full stories.

Dec 04 - Trade war relief for metals, but bull-bear battle rages on: Andy Home 

Is it a ceasefire, a truce or the opening to a lasting peace deal? The jury is very much out on exactly what Presidents Donald Trump and Xi Jinping agreed during their talks at the G20 summit in Buenos Aires. But for industrial metals it's enough. The London Metal Exchange (LME) suite of base metals is today enjoying a relief rally after weeks of bludgeoning from bearish funds. Click here to read full stories.

Dec 04 - Indonesia says two companies can resume nickel ore exports 

Indonesia has granted permission for two commodity companies in the country to restart exports of nickel ore as they have made progress on smelter projects, a government spokesman said on Tuesday. Indonesia grants mineral ore export permits to firms building smelters and reviews their construction progress every six months. Click here to read full stories.

Dec 04 - Malaysia sets licence renewal conditions for rare earths miner Lynas 

Malaysia's Energy and Environment Ministry on Tuesday set conditions for future renewal for rare earths miner Lynas Corp's licences to operate in the country. The ministry said in a statement that Lynas must remove radioactive residues from Malaysia and will need to submit an action plan for non-radioactive waste disposal for future licences or permission renewals. Click here to read full stories.

Dec 04 - Winter is looking a little weird for China's commodities: Russell 

The northern winter usually leads to a demand and price peak for several major commodities in Asia, but this year is bucking the trend for coal, liquefied natural gas (LNG) and iron ore. There doesn't appear to be one single driving narrative causing the break with the usual seasonal patterns, rather a variety of unrelated, or loosely related factors are at work, but with China as a common thread. Click here to read full stories.

Dec 04 - Sudan allows local private sector firms to export gold 

Sudan will allow local private sector firms to export gold, Prime Minister Moataz Moussa said on Monday, relaxing the central bank's grip over exports of the metal as the government tries to shore up the country's struggling economy. The measure is part of efforts to stem smuggling of gold, one of the country's main sources of foreign currency. Click here to read full stories.

Dec 04 - Two Aurubis copper smelters back in operation after repairs 

Aurubis AG, Europe's biggest copper producer, said on Monday two smelters had resumed operations after unscheduled repair shutdowns and a third smelter was expected to resume production this week. Aurubis said on Nov. 26 the Hamburg and Luenen smelters in Germany and the Pirdop plant in Bulgaria had made unscheduled repair shutdowns which meant it would miss analysts’ profit forecasts for its current 2018-2019 financial year. Click here to read full stories.

Dec 04 - Industrialist Sanjeev Gupta buys U.S.-based KCI for $320 million 

British industrialist Sanjeev Gupta's privately owned GFG Alliance has signed a deal to acquire U.S.-based steel wire producer Keystone Consolidated Industries (KSI) for $320 million. The GFG Alliance, whose assets spans industrials group Liberty House and energy group SIMEC, is a growing commodities conglomerate that been snapping up distressed steel, aluminium and energy assets around the world. Click here to read full stories.

Dec 03 - Oil, steel prices surge as U.S., China declare truce in trade war 

Oil prices climbed 5 percent on Monday and steel followed suit, leading a broad-based rally in commodities after the United States and China agreed a 90-day truce in their trade conflict, in a reprieve for the global economy and financial markets. Metals and grains also climbed, with soybeans - a casualty of the U.S.-China trade war - hitting its highest in almost six as investors snapped up risky assets. Gold was steady. Click here to read full stories.

Dec 03 - Mining industry leadership set for changing of the guard 

Titans of the mining industry who have led the industry through myriad storms for decades are set to retire over the next few years, a once-in-a-generation turnover that has sparked a search for fresh talent with far different skills than current executives. Ivan Glasenberg, chief executive of mining giant Glencore Plc since 2002, said last month he would retire over the next three to five years, sparking speculation about which of his industry peers could be next to go. Glasenberg's replacement is expected to be an internal hire, according to a source familiar with the matter. Click here to read full stories.

Dec 03 - Australia's mineral exploration spending hits 5-yr high in Sept qtr 

Australia's spending on mineral exploration extended a recovery in the September quarter to hit its highest level in five years, data from the country's statistics bureau showed on Monday. Exploration spending climbed by 3.6 percent to A$561.4 million ($413.64 million) from the quarter before and soared 25.7 percent from year-ago levels as miners who rode a commodity price recovery sought to renew growth, according to trend data released by the Australian Bureau of Statistics (ABS). Click here to read full stories.

Dec 03 - Perth Mint's Nov gold sales surge; silver sales dip from previous month 

The Perth Mint's sales of gold products surged by nearly 75 percent in November from the previous month, while silver sales fell, the mint said on Monday. Sales of gold coins and minted bars climbed to 64,308 ounces in November, its highest since January 2017. Sales nearly tripled compared with the same month last year, the mint said in a blog post. Click here to read full stories.

Dec 03 - China's Chalco shuts 470,000 T of aluminium capacity as price slump bites 

Aluminum Corp of China Ltd, known as Chalco, is cutting output on some of its aluminium production lines in northern China, it said on Friday, as Chinese aluminium prices sank to a fresh two-year low. China's biggest state-run aluminium producer has decided to make around 470,000 tonnes of annual output at units including Shanxi Huasheng and Shandong Huayu subject to "flexible" output arrangements, a euphemism for production cuts, it said in a statement to the Shanghai Stock Exchange. Click here to read full stories.

Dec 03 - How cynical should you be about the Trump-Xi deal? Watch commodities: Russell 

Perhaps the most interesting thing to try and calculate after the seeming trade ceasefire between the United States and China is the level of cynicism that will greet the new detente. President Donald Trump and his Chinese counterpart Xi Jinping agreed to halt imposing additional tariffs on each other's imports while they try to reach a deal to end their trade dispute within 90 days. Click here to read full stories.

Dec 03 - Codelco strikes contract deal with workers at Ministro Hales mine 

Chile's state copper miner Codelco said on Saturday it had reached agreement on a new collective labor contract with the union of workers at its Ministro Hales mine in northern Chile. The 36-month contract, which includes a signing bonus of 7 million pesos ($10,423) and a boost to salaries of 1.2 percent, was approved by 53 percent of the union, Codelco said in a statement. Click here to read full stories.

Dec 03 - Speculators raise net short position in COMEX gold - CFTC 

Hedge funds and money managers increased their net short position in Comex gold contracts in the week to Nov. 27, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. They also trimmed their net short position in silver and cut a net long position in copper contracts in the week, the data showed. Click here to read full stories.

Dec 03 - China's Baowu to launch 20 mln T steel project in coastal region 

China's top steel maker China Baowu Group will launch a 20 million tonne high-class steel production project in a coastal city in eastern China, its listed unit said in a stock exchange filing on Friday. The move comes as the government relocates steel mills to the coast from cities to help reduce the impact of lung-damaging air pollution. Click here to read full stories.