Basic Materials


UPDATE 1-Indonesia to give Freeport export permit, face-off continues with Newmont

JAKARTA, July 24 - Indonesia will soon allow U.S. miner Freeport-McMoRan Copper & Gold Inc to resume copper exports, with both sides close to ending a six-month dispute over new mining rules, a senior official said on Thursday.

10:13am IST

Indonesia to allow Freeport to resume copper concentrate exports-official

JAKARTA, July 24 - Indonesia is expected to issue U.S. mining giant Freeport-McMoRan Copper & Gold with a government permit to resume exporting copper concentrates in one or two weeks, a mining ministry official said on Thursday.

9:17am IST

UPDATE 1-China gold demand slumps 19.4 pct on yr, but output rises

SHANGHAI, July 24 - China's gold demand slumped 19.4 percent in the first six months of 2014 from year ago, the China Gold Association said in a statement on Thursday, but production rose strongly in the same period as miners ramped up output to protect profit margins.

8:17am IST

U.S. mining giants say nearing Indonesia deal on copper exports

JAKARTA, July 24 - Indonesia's top two copper miners signalled they are nearing a breakthrough to allow a restart of concentrate exports, which have been halted for more than six months due to a dispute with the Southeast Asian country over new mining rules.

7:42am IST

China H1 gold output up 9.5 pct on yr, demand falls - assn

SHANGHAI, July 24 - China's total gold production in the first six months of 2014 reached 211.1 tonnes, up 9.47 percent from a year ago, the China Gold Association said in a statement on Thursday.

7:16am IST
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BSE Sensex edges lower after hitting record high

Reuters Market Eye - The BSE Sensex is down 0.12 percent after earlier marking its all-time high at 26,190.81. The broader Nifty falls 0.16 percent, after hitting a record high on Wednesday.