Copper

Freeport Indonesia's Grasberg Is Up And Running

Work at the Grasberg mine in eastern Indonesia run by Freeport-McMoRan Copper & Gold Inc resumed as expected on Monday for the first time since a suspension on Feb 23, according to the company and the union.

China Reports $31.48 Billion Trade Deficit in February

China had a trade deficit of $31.48 billion in February, according to data revealed by the General Administration of Customs Saturday. This is another indication that global economic condition is continuing to affect the country's exports.

Nikkei Hits 7-Month High On Greek Deal

Tokyo stocks jumped to a seven-month high Friday as Asian shares rose on signs Greece is a step nearer to averting a default, although momentum may be checked by caution ahead of U.S. data that is expected to confirm a labor market recovery.

Indonesia's New Mining Law Not Aimed at Freeport: Report

A new Indonesian regulation that changes the rules on foreign ownership of mines applies to all foreign companies and is not aimed specifically at the largest of those, Freeport McMoRan Copper & Gold Inc (FCX.N), the deputy energy and mining minister said on Thursday.

Freeport Indonesia Sure Govt Will Honor All Contracts

Freeport Indonesia said on Wednesday it was confident the government would honour all existing contracts as it re-negotiates a royalty contract over its Grasberg mine, which is the world's biggest gold mine and second biggest copper mine.

Stock Futures Gain Ahead of ADP Data

Futures on major U.S. indices point to a higher opening on Wednesday ahead of economic data including ADP national employment report and non-farm productivity.

Asian Markets Fall Again on Renewed Greek Default Fears

Asian shares fell for the third day in a row Wednesday as investors grew more risk averse, with renewed uncertainty over Greece's bailout and mounting worries about slowing global economies overshadowing support provided by ample liquidity.

DNA Data Helps to Flesh out 'Otzi' the Alpine Iceman

The first complete genome-sequencing of "Otzi," Italy's prehistoric iceman, is revealing a wealth of details about the man who roamed the Alps 5,300 years ago and could unleash a frenzy of activity among scientists thanks to open data.

Gold, Copper Producer Kazakhmys Posts Flat Profit

Copper miner Kazakhmys posted a flat core profit for 2011 as stronger metal prices were offset by an 18 percent rise in production costs, including soaring wages for skilled workers in Kazakhstan, home to its core operations.

State Companies Can Buyback Shares: Cabinet

The cabinet has allowed cash-rich state companies to buyback shares and participate in the government's divestment programme, Praful Patel said on Thursday, as New Delhi looks to narrow its widening fiscal deficit.

Markets Do U-Turn After Bernanke Speaks: Daily Markets Wrap

Fed Chairman Ben Bernanke said Wednesday job growth was better than expected and inflation under control, leaving markets thinking central bank intervention was a long way off. The upshot was a dollar rally that hammered gold, stocks and government bonds.

Stocks, Bonds, Commodities Rise: Daily Markets Wrap

No matter which direction investors faced Friday, whether it was the recent past or the immediate future, all the signals were positive. Investors responded by boosting prices for stocks, bonds and commodities.

Asian Shares Edge up, Tempered by Oil Price Concerns

Asian shares crept higher Friday as solid U.S. data improved sentiment, but gains may be limited by concerns that rising oil prices could deal a further blow to the fragile euro zone economy and moves to take profits after recent rallies.

Newmont Mining Expects Strong 4Q

As one of the world's top gold producers, Newmont Mining Corp (NYSE:NEM) seems to have a lot of advantages on its side. But uncertainty about peripheral items, including the effect of recent acquisitions and political developments that could hurt its bottom line, are keeping Wall Street analysts skeptical on the company.

Novagold Seeks Buyer for Stake in Galore Creek Project

Canadian miner Novagold said on Wednesday it has begun the process of trying to sell its 50 percent stake in the Galore Creek copper-gold project in British Columbia so that it can focus fully on its flagship Donlin gold project in Alaska.

Gold Prices Retreat from Two-Week High

Gold prices retreated from an earlier two-week high in Europe on Wednesday as persistent concerns over Europe's finances hurt the euro and weighed on stock markets, while a supply upset in major producer South Africa lifted platinum to a five-month high.

Asian Stocks Unmoved by Greece's Bailout Deal

The euro jumped and U.S. Treasuries dipped on Tuesday after eurozone policymakers agreed to a second bailout package for Greece in talks that went deep into the night in Brussels, but concerns that the deal is only a short-term fix kept stocks subdued and Asian stocks unaffected.

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