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By: Reuters Updated 1 hour 13 minutes ago Goldman Sachs Group has sold its controversial metals warehousing business to Swiss private equity group Reuben Brothers, the Wall Street bank said on Monday. The deal for Metro International Trade Services comes months after Goldman formally put the business on the block. Goldman bought Metro... →
By: Reuters Updated 1 hour 17 minutes ago Mining firms in Chile, the world's top copper producer, say the government has left them in the dark over a new labour bill to be delivered to Congress this month, undermining the confidence of investors grappling with low metal prices. President Michelle Bachelet's socialist government says it... →
By: Reuters Updated 7 hours ago Iron ore prices slid back to 4-1/2 year lows on Monday while Chinese rebar futures fell, both hit by concerns over weak demand and that China may end a tax rebate for some steel exports. Benchmark 62% grade iron-ore for immediate delivery to China fell 2.2% to $68/t, according to data from the... →
By: Reuters Japan's Mitsubishi Materials Corp and Mitsui & Co have bought 5 000 t of copper concentrates from Mongolia's Oyu Tolgoi copper mine, operated by Rio Tinto , on a trial basis, in an effort to diversify their procurement sources. "We purchase over 60% of copper concentrates from Chile and Peru and... →
By: Reuters Only a few months ago, a potential buyer said Japanese trading house Marubeni Corp was prepared to sell a costly stake in a Canadian coal mine for as little as $1. But a flurry of acquisitions of high-quality coal assets by Japanese firms in recent weeks signals that some trading houses at least... →
By: Henry Lazenby One of the world’ largest undeveloped gold and copper projects, Seabridge Gold’s KSM project, in north-west British Columbia, has received the nod of approval from Canada’s Minister of the Environment Leona Aglukkaq, marking the end of a nearly seven-year journey to complete the joint harmonised... →
By: Henry Lazenby US coal producer Alpha Natural Resources affiliated mining operations has settled three selenium-discharge law suits brought by four environmental organisations. Selenium is a naturally occurring element that could be released into streams as a by-product of some common earth moving activities,... →
By: Henry Lazenby Rio Tinto Subsidiary Turquoise Hill Resources on Friday reported that despite a recent concentrator fire at the massive Oyu Tolgoi copper/gold mine, in Mongolia, the operation was on track to meet its expected full-year output. Turquoise Hill in October reduced its 2014 forecasts for gold and... →