PRECIOUS METALS HIGHLIGHTS : Top Stories Of The Day
05/22/2012| 05:05pm US/Eastern
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TOP STORIES
2nd UPDATE: Aquarius Platinum, Impala Zimbabwe Mine Halted After Fire
JOHANNESBURG-(Dow Jones)- Platinum miner Aquarius Platinum Ltd. (>> Aquarius Platinum Limited) said Tuesday that work at its Zimbabwe Mimosa mine has stopped following a fire underground that led to dozens of workers being trapped for many hours.
UPDATE: Anglo American, Chile Codelco Agree To Talks Over Sur
Anglo American PLC (AAUKY, AAL.LN) and Chilean state copper giant Codelco agreed to resume talks in the hopes of reaching a solution to their row over Codelco's option for Anglo's Sur copper complex, the companies said Tuesday.
STORIES OF INTEREST
ZKB ETF Gold Holdings Down 0.01% Since May 15; Silver Flat
Gold holdings in the exchange-traded fund of Zurich Cantonal Bank, or ZKB, edged 0.01% lower in the six days between May 15 and May 21, according to ZKB data Tuesday.
Kingsrose Mining Expects Higher Gold Output As Talang Santo Comes Onstream -Executive
SINGAPORE (Dow Jones)--Kingsrose Mining expects gold output to rise in its next financial year as its Talang Santo asset in Sumatra, Indonesia, comes onstream, a senior company executive said Tuesday.
India's Scrap Gold Sales Jump 30% In A Week As Local Prices Near Record
NEW DELHI (Dow Jones)--India's scrap gold sales have picked up by 30% in the span of a week as local prices have climbed close to record highs as a weaker rupee and a slight recovery in the global gold market make imports more expensive.
Jubilee Platinum Four Months Rev Up, To Ramp Up Production At Middelburg
LONDON (Dow Jones)--Jubilee Platinum PLC (>> Jubilee Platinum PLC), said Tuesday that revenue for the first four months of the second half-year improved significantly compared to the previous six-month period, adding that it will continue to ramp up production at Middelburg smelting operation through this quarter to target sustained full production at 1100 tons per month.
Impala Halts Rustenburg As Union Fighting Keeps Workers Away
JOHANNESBURG (Dow Jones)--Impala Platinum Holdings Ltd. (IMP.JO), the world's second largest producer, said Tuesday that mining has stopped at its key mine in Rustenburg after most workers didn't show up for their shift amid inter-union fighting.
Peru's Mining Investment Estimated At More Than $53 Bln -Minister
SYDNEY (Dow Jones)--Peru's mining sector continues to attract robust investment interest, with an estimated $35.6 billion currently committed to new projects, of an expected $53 billion-plus forecast to be spent there in the next few years, the nation's deputy minister of mines said Tuesday.
MARKETS
PRECIOUS METALS: Dollar Weighs On Gold For A Second Day
NEW YORK (Dow Jones)--Gold futures fell for the second-consecutive day Tuesday, as the dollar's gains after a credit downgrade of Japan and continued strain in Europe's financial system limited demand for the metal as a currency hedge.
--By Matt Day, Dow Jones Newswires; 212-416-4986; matt.day@dowjones.com
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