PRECIOUS METALS HIGHLIGHTS : Top Stories of the Day
06/11/2012| 04:54pm US/Eastern
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TOP STORIES
Aquarius Platinum to Halt South Africa's Marikana Mine Due to Weak Price Outlook
JOHANNESBURG--Platinum is rarer than gold, but is becoming too cheap to mine, analysts and experts said.
Kinross Says Tasiast Mine Strike Ends, Production Resumes
Kinross Gold Corp. (KGC) said the strike at its Tasiast gold mine in Mauritania, underway since last Tuesday, has now ended.
STORIES OF INTEREST
NovaGold to Transfer Rock Creek as Part of Focus on Donlin Gold
NovaGold Resources Inc. (NG) will transfer its Rock Creek property in Nome, Alaska, to Bering Straits Native Corp. in order to focus on its 50%-owned high-grade Donlin Gold project in the state.
Temasek Buys 5.5% Stake in Ivanhoe Mines
SINGAPORE--Temasek Holdings has acquired a 5.5% stake in Ivanhoe Mines Ltd. (IVN, IVN.T), a filing to the U.S. Securities and Exchange Commission showed, a move by the Singapore state investment company to shore up its portfolio in the resources sector.
Qatar Investment Authority Raises Xstrata Stake To 10.361%
LONDON--Qatar Investment Authority, owner of Qatar Holding LLC, said Monday it bought 4.53 million shares in diversified mining group Xstrata PLC (>> Xstrata PLC) at 953.84 pence, lifting its total holding including options to 311.12 million shares, or 10.361%.
Congo Rules Out Talks With Rebels As Fighting Spreads in Mining Region
The Congolese government said Monday that it won't hold peace talks with fighters loyal to renegade army general Bosco Ntaganda as fighting continues to spread in the tin-mining territories, hampering exports.
MARKETS
PRECIOUS METALS: Gold Nudges Higher But Settles Shy of $1,600
NEW YORK--Gold ended a touch higher Monday, after shedding most of its weekend gains earlier in the day, as euro-zone worries tempered initial optimism over Spain's bailout.
Write to Tatyana Shumsky at tatyana.shumsky@dowjones.com
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