China's iron ore futures rose on Monday, the second day the contracts have been open to direct trade by foreign investors, with robust restocking demand amid resuming steel capacity helping to push prices higher."Downstream demand remains very strong at this moment as construction sites rush to work as much as they can before rainy season starts in June," said Gu Meng, analyst at Orient Futures.Th...Read More

Australia's biggest gold miner Newcrest Mining Ltd said it expects its flagship Cadia mine to return to full production rates by the end of June.The miner said it had begun depositing tailings into the Cadia Hill open pit over the weekend, after receiving approval from the New South Wales Department of Planning and Environment last month.Newcrest restarted processing at Cadia last month after halt...Read More

Australia's biggest gold miner Newcrest Mining Ltd said it expects its flagship Cadia mine to return to full production rates by the end of June.The miner said it had begun depositing tailings into the Cadia Hill open pit over the weekend, after receiving approval from the New South Wales Department of Planning and Environment last month.Newcrest restarted processing at Cadia last month after halt...Read More

Meteoric Resources (ASX:MEI) announced today it has signed a binding agreement to acquire 100% ownership of the Lorrain Cobalt Project, located 9 kilometres from the town of Cobalt in Ontario, Canada.In a press release, the miner said the acquisition of this project is part of its strategy to grow its land position in the cobalt-silver belt of Ontario, an area that has produced 50 million pounds o...Read More

OKYO (Reuters) - Some Bank of Japan policymakers said the central bank should explain to the public that the economy has yet to reach a phase where the timing and means to exit ultra-loose policy could be considered, minutes of their March rate review showed on Monday.“While normalization, or a gradual reduction in the degree of monetary accommodation, could become a topic for consideration...Read More

Howard SchneiderAMELIA ISLAND, Florida (Reuters) - Federal Reserve vice chair for supervision Randal Quarles said the central bank is in the early stages of studying how the expanding use of machine learning in the financial sector may change its regulatory approach, but that so far it fits within the existing regulatory framework.“We are paying a lot of attention ... within our existing fra...Read More

(Kitco News) - A commodity bull market is forming and gold has a big part to play, according to one Bank of America Merrill Lynch (BAML) strategist.This year, gold prices will rise past the $1,350-$1,375 resistance level, BAML technical strategist Paul Ciana told CNBC on Saturday. And from there, Ciana added, the yellow metal could hit $1,450, where it hasn’t traded at since May 2013.“...Read More

Gold just ended its third straight week in the red as investors rediscovered their love for a different safe-haven asset: the U.S. dollar. The yellow metal will find favor again, says Bank of America Merrill Lynch technical strategist Paul Ciana.Read full newsRead More

Gold just ended its third straight week in the red as investors rediscovered their love for a different safe-haven asset: the U.S. dollar. The yellow metal will find favor again, says Bank of America Merrill Lynch technical strategist Paul Ciana.Read full newsRead More

Jane Wardell, Alana SchetzerSYDNEY/MELBOURNE (Reuters) - Australian Treasurer Scott Morrison on Sunday warned voters not to expect “mammoth cuts” to taxes and reiterated his center-right government’s commitment to return the country’s finances to surplus as soon as possible.This year’s federal budget, to be presented on Tuesday, is being viewed as the unofficial kick-...Read More

David MillikenLONDON (Reuters) - The Bank of England looks set to keep interest rates on ice this week, capping a sharp swing in the outlook for the British central bank, which might now struggle to convince investors that it will raise borrowing costs at all this year.Unexpectedly weak economic data and cautious remarks from Governor Mark Carney have dashed what looked like near-certain expectati...Read More

Marcin Goettig, Pawel SobczakWARSAW (Reuters) - Rescue teams have confirmed the death of a second Polish coal miner and are searching for three more trapped nearly a kilometer underground after a quake, the chief executive of the mine owner said.The quake hit the Borynia-Zofiowka-Jastrzebie coal mine in southern Poland on Saturday morning, initially trapping seven miners at a depth of about 900 me...Read More

Haejin Choi, Hyonhee ShinSEOUL (Reuters) - North Korea said on Sunday its intention to denuclearize, unveiled at a historic inter-Korean summit, was not the result of U.S.-led sanctions and pressure, warning the United States not to mislead public opinion.Impoverished North Korea has been hit by a series of U.N. and U.S. sanctions in recent years in a bid to rein in its nuclear and missile program...Read More

Qatar emerged as a major shareholder in Rosneft PJSC on Friday after a $9 billion deal to sell a stake in Russia's state-run oil producer to China's troubled CEFC Energy Co. collapsed.Qatar Investment Authority stepped in after the sellers - a consortium of QIA itself and mining giant Glencore Plc - told CEFC it wouldn't proceed with the original deal announced in October. A statement issued by Gl...Read More

Qatar emerged as a major shareholder in Rosneft PJSC on Friday after a $9 billion deal to sell a stake in Russia's state-run oil producer to China's troubled CEFC Energy Co. collapsed.Qatar Investment Authority stepped in after the sellers - a consortium of QIA itself and mining giant Glencore Plc - told CEFC it wouldn't proceed with the original deal announced in October. A statement issued by Gl...Read More

The death toll from Saturday's coal mine blast and landslides in southwest Pakistan climbed to 23 on Sunday, officials said, after ending their rescue operation.At least 16 miners died on Saturday and more than a dozen were trapped after an explosion in a mine in the Marwar coalfields in Baluchistan province, Director of Disaster Management Attaullah Khan said.A methane gas build-up inside the min...Read More

Rescue teams have confirmed the death of a second Polish coal miner and are searching for three more trapped nearly a kilometre underground after a quake, the chief executive of the mine owner said.The quake hit the Borynia-Zofiowka-Jastrzebie coal mine in southern Poland on Saturday morning, initially trapping seven miners at a depth of about 900 metres (2,950 feet). It was the mine's strongest q...Read More

State energy giant Qatar Petroleum said on Sunday that it will list 49 percent of its shares in the country's aluminium smelter plant Qatalum in a public offering.The joint venture, in which Norway's Norsk Hydro owns 50 percent, is expected to be listed on the Qatar Exchange during the last quarter of this year after the necessary approvals.The move is part of the country's plan to "increase the p...Read More

With the support of EarthRights International, the Peruvian Chaupe Family announced this week that they intend to appeal a recent decision by a federal court in Delaware that ruled that their case against Newmont Mining Corporation (NYSE:NEM) should be heard in Peru - not Delaware, where the company incorporated almost 100 years ago.In a press release, EarthRights said that the Chaupes will fight...Read More

With the support of EarthRights International, the Peruvian Chaupe Family announced this week that they intend to appeal a recent decision by a federal court in Delaware that ruled that their case against Newmont Mining Corporation (NYSE:NEM) should be heard in Peru - not Delaware, where the company incorporated almost 100 years ago.In a press release, EarthRights said that the Chaupes will fight...Read More