Bank of China moves closer to LME membership

Bank of China International is on track to become the first Chinese member of the London Metals Exchange - giving the bourse a boost while it is considering possible takeover bids - following authorization by the UK financial regulator.

Goldcorp's Operating Profit Rises 23%

Canada's No.2 gold miner, Goldcorp, reported a 23 percent increase in its operating profit on Wednesday, topping expectations as sharp gains in the price of bullion drove earningsgrowth in the quarter.

Stocks Rebound on Greek Austerity Vote: Daily Markets Wrap

U.S. stocks bounced back Monday from Friday's biggest loss of the year as Greece's parliament passed the deeply unpopular austerity bill to secure international rescue funds. The strict financial reform includes a 22 percent cut to minimum wage and 150,000 public-sector job cuts. Rioters protesting the measures set fire to buildings in downtown Athens.

Gold Falls Along with Euro, U.S. Equities

Gold fell on Friday, following losses in the euro and U.S. equities,as uncertainty over negotiations for a bailout package for Greece prompted investors to sell the metal and hoard cash.

Facing Uncertain Weekend, Investors Flee to Safe Assets

Investors flocked to the security of safe-haven assets Friday, like U.S. Treasuries and cash dollar holdings, ahead of what is expected to be a volatile weekend in Athens, already rocked by riots and tense government negotiations.

OceanaGold Signs Off-take Deal for Didipio Output

Australian miner OceanaGold expects to sign an off-take agreement in six months with a trading firm for gold and copper from its flagship $350-million Didipio mine in northern Philippines, set to begin production at the end of 2012, a top company official said on Friday.

Newcrest Mining Books Record Six-Month Profit

Newcrest Mining Ltd., Australia's largest gold and copper mining company, said Friday profits in the second half of last year shot up 50 percent to a record level on sharply higher gold and copper prices.

Gold Prices Fall after Greek Deal Appears Dead

Gold prices fell back Friday, just hours after an apparent deal between debt-choked Greece and potential Eurozone lenders reinvigorated hopes the nation would not be forced to default on its loans.

Doubts on Greece Deal Weigh on Asian Stocks, Euro

The euro and Asian shares pulled back Friday as investors remained concerned about prospects of restructuring Greece's debt and global lenders demanded more steps even after it struck a long-awaited deal on fiscal reforms.

Negotiations in Europe, U.S. Lift Markets

Negotiations on both sides of the Atlantic Ocean, between Greece and its lenders and between big U.S. banks and the federal government, boosted the willingness of investors Thursday to move into risk assets, many of which posted gains.

Miners in Africa Facing Soaring Costs

Labour demands in the south, power problems in the east and new tax burdens in the west: wherever you look in Africa, miners face a perfect storm of soaring costs.

Global Securities Tread Water as Greece Negotiates

Global securities, whether stocks, commodities or currencies, held earlier gains or losses Wednesday as the world awaited the outcome of talks between debt-choked, strife-torn Greece and benefactors demanding more tax hikes and government budget cuts in exchange for bailout money.

Ivanplats to Produce Platinum at Negative Cost - Report

Ivanplats, controlled by Ivanhoe Mines founder Robert Friedland, expects to produce platinum at negative cost at its giant Platreef complex in South Africa, potentially shaking up an industry squeezed by stoppages, rising wages and power charges.

Verizon, Redbox plan Netflix challenge

Verizon Communications Inc and Coinstar's Redbox unit have formed a joint venture to sell video services aimed at competing against video rental giant Netflix Inc.

U.S. Stocks Extend Rally on Earnings Surprises; Euro Rises

U.S. stocks rose modestly Tuesday as strong earnings from Coca-Cola Co. and Yum! Brands Inc. offset concerns that Greece would default next month on a $19 billion euro bond redemption. European and Asian stocks were mixed, reflecting similar concerns.

Verizon, Redbox Plan Netflix Challenge

Verizon Communications Inc and Coinstar's Redbox unit have formed a joint venture to sell video services aimed at competing against video rental giant Netflix Inc.

Nevsun Resources Bisha Output Drop

Canada's Nevsun Resources Ltd expects gold production at its Bisha mine in Eritrea to nearly halve in 2012 due to a cut in its reserve estimate.

Asian Stock Markets End Mixed

Asian stock markets ended mixed Tuesday as investors await further Greek developments after it missed a Monday deadline to strike a deal for its Euro rescue.