Freeport McMoRan's ([[FCX]] -2.8%) Indonesian mine could face a prolonged closure and scrutiny over its underground mining plans, as the death toll from the collapsed tunnel at the Grasberg complex reaches 28, analysts and mining sources say. The bigger s

Tuesday May 21st, 2013 08:09:00 PM
Freeport McMoRan's ( FCX -2.8% ) Indonesian mine could face a prolonged...

PRECIOUS-Gold trims losses as euro firms ahead of Bernanke testimony

Tuesday May 21st, 2013 06:53:00 PM
* Euro rises to session high vs dollar * Gold's appeal hurt by fears the Fed will ease stimulus * Spot silver cuts loss to 0.6 percent, platinum to 1.65 pct (Recasts, updates prices, adds comments,...

South Africa's rand falls to its lowest level in four years as clashes between mine owners and workers erupt again today. Government "heavy-handedness" with mining companies has created a "major negative" for investors both inside and outside mining, as i

Tuesday May 21st, 2013 06:30:00 PM
:17 PM ET South Africa's rand falls to its lowest level in four years as clashes...

The Great Disconnect Between Paper And Physical Precious Metals Prices

Tuesday May 21st, 2013 05:32:00 PM
Over the last few months, precious metals investors have seen their net worth decline due to falling precious metals prices (GLD) (SLV). Most of the decline in precious metals prices was due to a...

Short squeeze fades in precious metals, contrarians spot time to buy

Tuesday May 21st, 2013 05:23:00 PM
The price of both silver and gold slipped back in London on Tuesday morning, cutting into yesterday's rapid gains from four-year and one-month lows respectively. World stock markets stalled after...

The Failure of Fiat Currencies

Tuesday May 21st, 2013 11:52:00 AM
Fiat currencies are paper monies issued andcirculated by government legislation and decreed as a countrys legal tender tofunction as a medium of exchange for all transactions of goods and...

Powerful Reversal Day In Precious Metals And The Miners

Tuesday May 21st, 2013 11:12:00 AM
I wrote nearly a month ago that . This was after the first downward plunge in gold (GLD) and silver (SLV) in April due to the Goldman short.(click to enlarge)Now four weeks later, gold, silver...

Chamberlin Plc Chief Executive To Step Down

Tuesday May 21st, 2013 08:22:00 AM

Golden West Resources Ltd Announces Non Renounceable Entitlement Issue Allotment

Tuesday May 21st, 2013 06:04:00 AM

Discovery Metals Ltd Announces Change In Chairman

Tuesday May 21st, 2013 02:44:00 AM
Discovery Metals Ltd announced that Mr John Shaw has been appointed as...

Alcoa (AA) fills in more of the details on the 460K metric tons of smelting capacity it wants to remove, saying it will postpone construction of a potline at its Baie-Comeau smelter in Quebec and prepare for the upgrade by investing $100M during the next

Monday May 20th, 2013 10:09:00 PM
Alcoa ( AA ) fills in more of the details on the 460K metric tons of smelting...

UPDATE 4-Freeport, Plains sweeten takeover deal with dividends

Monday May 20th, 2013 07:38:00 PM
Freeport-McMoRan Copper & Gold Inc took a big step on Monday in its plan to expand into energy, when Plains Exploration & Production Co shareholders approved the miner's $6 billion takeover...

Metals Market Update: May 20, 2013

Monday May 20th, 2013 07:10:00 PM
, -$23.00 LMECopper Stocks 628,025 tons -1,925 tons.Gold Stocks7.968 million ounces +766, Silver Stocks 164.020 million ounces -855,953 Chineseequity markets were higher overnight off more gains in...

Mining Giants Face Reality Of Soft Global Demand

Monday May 20th, 2013 06:33:00 PM
Falling metal prices have caused more than $60 billion of write-downs of mineral assets. The tough environment is forcing the global mining giants to sell less lucrative assets of falling quality....

Plains Exploration ([[PXP]] +7.5%) shareholders vote to approve Freeport McMoRan’s ([[FCX]] -0.2%) acquisition of PXP at today's special meeting. The transaction is expected to close on May 31. Following completion of the transaction, there are expected t

Monday May 20th, 2013 06:29:00 PM
Plains Exploration ( PXP +7.5% ) shareholders vote to approve Freeport...

IMF urges Montenegro to close aluminum plant to cut debt

Monday May 20th, 2013 03:41:00 PM
Montenegro should shut down the loss-making aluminum plant that is the country's biggest single industrial employer to stem a sharp rise in its public debt, the International Monetary Fund said.The...

Impact On Alcoa From $1,863 Aluminum And Production Cuts

Monday May 20th, 2013 03:22:00 PM
The big news for Alcoa (AA) recently was its announcement of production cuts as well as similar cuts by others in the industry. However, the price of aluminum on the London Metals Exchange (LME) is...

Paulson & Co., whose funds own ~9.9% of the outstanding shares (12.8M) of Plains Exploration ([[PXP]] +7%), says it will vote in favor of Freeport McMoRan's ([[FCX]] -0.9%) proposed takeover of PXP and McMoRan Exploration (MMR) as it "adds another avenue

Monday May 20th, 2013 02:30:00 PM
Paulson & Co., whose funds own ~9.9% of the outstanding shares (12.8M) of...

Market preview: Stock futures suggest small losses at the open after Friday's surge catapulted the Dow and S&P 500 to all-time highs. The big corporate news over the weekend was Yahoo's $1.1B deal to buy Tumblr, but shares only +0.6%. Precious metals are

Monday May 20th, 2013 01:31:00 PM
Market preview: Stock futures suggest small losses at the open after Friday's...

Sweetening the pot ahead of today's shareholder vote deciding the fate of Freeport McMoRan's (FCX) proposed takeover of Plains Exploration (PXP), PXP declares a special $3/share dividend and FCX announces a $1/share supplemental dividend to be paid upon c

Monday May 20th, 2013 12:49:00 PM
Sweetening the pot ahead of today's shareholder vote deciding the fate of...

Stillwater Mining Co Announces Governance Changes

Monday May 20th, 2013 12:34:00 PM
Stillwater Mining Co announced the election of Brian Schweitzer, the former governor of Montana, as Chairman of the Board....

Freeport McMoRan's Acquisitions And Prospects Grow

Monday May 20th, 2013 11:12:00 AM
Shareholders in Plains Exploration and Production (PXP) their acquisition by Freeport McMoRan (FCX), the world's largest producer of copper and molybdenum. FCX also is one of the world's foremost...

Chengtun Mining Group Co Ltd to Issue A Shares in Private Placement

Monday May 20th, 2013 10:50:00 AM
Chengtun Mining Group Co Ltd announced that it will issue up to 162.77 million A...

Kazakhmys PLC Update On Indicative Proposal For ENRC

Monday May 20th, 2013 10:08:00 AM
Kazakhmys PLC announced that with reference to the announcement made on May 20, 2013, by the Independent Committee of the Board of ENRC setting out the terms of the indicative proposal made by the...

Compania Minera Raura SA Announces Mario Augusto Brescia Cafferata Is No Longer Chairman

Monday May 20th, 2013 09:13:00 AM

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