Congo's Govt Balks at Disclosing Revised Mining Contracts - Miner
Congolese state mining firm Gecamines has refused a request from the mines ministry to publish all revised contracts, saying it cannot do so without the permission of firms involved, according to a letter from Gecamines published on the ministry website.
Gold Falls 0.8%, Silver Down 4.7%
Gold prices fell sharply Tuesday but regained much of the lost ground to close down 0.8 percent on reports that retail investors are increasing their exposure to gold-back exchange-traded products.
Peru Pres. Ollanta Humala's First 100 Days - Analysis
President Ollanta Humala, who took office in July, is trying to ramp up social spending to fight poverty without scaring away investors in Peru, one of the world's fastest-growing economies.
Freeport-McMoRan Copper & Gold to Cut 4Q Sales
Freeport-McMoRan Copper & Gold Inc said on Tuesday that production and processing rates at its strike-hit Grasberg nine in Indonesia have fallen below levels needed to meet fourth-quarter sales targets.
Silver Mining Company Shares Drop More Than 10%
Silver mining company shares plummeted more than 10 percent Tuesday after Greece announced a referendum on whether to accept $180 billion of bailout money.
Traders Scramble to Contain Damage from MF Global Collapse
Traders scrambled to cover trading exposures to MF Global on Tuesday, as administrators sought to save what money was left in the collapsed U.S. brokerage's London arm.
Crude Oil Prices Fall More Than $2
Oil prices fell more than $2 per barrel on Tuesday as the outlook for global growth darkened with renewed crisis in the euro zone and data suggesting economic activity in key economies was slowing more quickly than expected.
Chinese Manufacturing Down in October
China's big manufacturers ran at their slowest pace in October since early 2009, purchasing managers' data shows, though signs of a bounce-back at smaller firms and a sharp fall in factory-gate prices suggest no swift change to interest rates.
French Bank Shares Fall on Greece Referendum News
French banks and other lenders exposed to Greece and other weak euro zone countries slumped on Tuesday after Greece's leader said he would put a bailout plan to a referendum, raising the risk of a disorderly default.
Analysis: Japan's Costly Bid to Weaken Yen
Japan's costly attempt to weaken the yen underscores its determination to do its best to ease the pain felt by the export-reliant economy without embarking on a potentially thorny sustained yen-selling spree to turn the market's tide.
Credit Suisse to Cut Another 1,500 Employees
Credit Suisse will cut another 1,500 jobs and scale back its capital-guzzling investment banking business as it seeks to meet tough new regulations ahead of other banks after the unit reported disappointing third-quarter results.
German Leaders Angry at Greece Referendum
Prime Minister George Papandreou's shock decision to call a referendum on Greece's bailout drew veiled threats from Germany on Tuesday and hammered markets edgy over the euro zone crisis.
Stock Index Futures Tumble on Greece Referendum Surprise
Stock index futures tumbled on Tuesday as the deal to rescue Greece and prevent a wider sovereign debt crisis faced a new hurdle and as Asian economic data reignited fears of a slowdown in global growth.
Grasberg Mine's Pipeline to Take 6 Months to Fix - Freeport Indonesia
Freeport Indonesia will take a month to fix its main sabotage-hit pipeline to take concentrate from the world's second-biggest copper mine to its port, where there are no stockpiles left for shipping.
Gold Prices Drop 1.5% on Greece Referendum Surprise
Gold prices fell 1.5 percent Tuesday as Chinese manufacturing slowed more than expected and Greece blindsided markets with plans for a referendum on whether to accept another bailout.
Royal Canadian Mint Offering Gold Receipts
The Royal Canadian Mint will begin offering exchange-traded receipts, a way to let investors own and trade gold bullion, late next month in an initiative expected to raise about $250 Canadian.
Gold Prices Fall 1.4% after MF Global Collapses
Gold prices fell 1.4 percent Monday as the bankruptcy of a broker-dealer heavily invested in European sovereign debt drove investors to the safety of the dollar.
Trichet: Markets May be Overreacting to Draghi Bond Buying Comment
Markets have over-interpreted comments by incoming European Central Bank chief Mario Draghi on the bank's readiness to go on buying the bonds of troubled euro zone states, outgoing ECB President Jean-Claude Trichet said.
Euro Area Growth to Slow Next Year - OECD
The euro area is headed toward a sharp economic slowdown in 2012, with some countries set for negative growth, and failure to restore confidence in battered state finances could prompt a major contraction in developed countries, the OECD said on Monday.
Italian Bond Yields Rise to Near August Levels
Italian bond yields rose on Monday nearly to levels seen in August when the ECB intervened to shore up debt markets, indicating new concerns that problems in the euro zone's third largest economy could threaten the entire bloc.
Rising Dollar Hits Commodities, Risky Assets
Stocks fell at the open on Monday as a spike in the U.S. dollar weighed on commodity prices and dried up bids on other risky assets.
Zimplats' Production Down 13%, Local Ownership Proposal Coming Soon
Impala Platinum's Zimbabwe unit said on Monday metal production fell 13 percent during the July-September quarter after a maintenance shutdown at its furnace, but the company was on track to submit a revised local ownership plan in November.
PNG Gold Set to be Sole Owner of Two Normanby Island Prospects
PNG Gold Corp. set to acquire 100 percent of New Guinea Gold Corp. after PNG fulfilled exploration expenditure requirements under an option agreement.
Moody's Cuts Outlook for European Steel Industry
Ratings agency Moody's has cut its outlook for the European steel industry to negative and said it expects demand to weaken by up to 4 percent in the next 12 months, as the industry faces economic strain and weak construction and auto markets.
Contract Iron Ore Prices Down
A slide in iron ore prices has driven miners to alter costly quarterly contracts to please Chinese clients, but spot pricing, which magnifies the impact of price swings, is still distant.
Banks Lead European Shares Lower
Banks led European shares lower on Monday, giving up some of last week's hefty gains as demand for detail on the recent euro zone debt deal teed up a weak end to a bumper month, with the broader market on course to snap a five-month losing streak.
European Shares Lower but October to be a Strong Month
Banks led European shares lower on Monday, giving up some of last week's hefty gains as demand for detail on the recent euro zone debt deal teed up a weak end to a bumper month, with the broader market on course to snap a five-month losing streak.
Nikkei Stock Average Closes Lower
The Nikkei stock average ended lower on Monday, giving up sharp intraday gains made after Japanese authorities intervened to curb persistent yen strength, as investors locked in profits on concerns the yen won't stay down for long.
Oil Prices Down as Dollar Gains on Yen
Oil prices eased on Monday, with Brent slipping below $110, as the dollar rose against the yen after Japan intervened in the currency markets to stem the rise of the yen.
Yen Drops to 3-Month Low Against Dollar
The yen dropped to a three-month low against the dollar on Monday after Japan intervened in the market to curb the currency's rise even as traders said more official action is needed for a sustained impact.
