PRECIOUS METALS HIGHLIGHTS : Top Stories of the Day
01/28/2013| 03:13pm US/Eastern
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TOP STORIES
Anglo American Platinum Agrees To Govt Consultation Before Job Cuts
JOHANNESBURG--Anglo American Platinum Ltd. (AMS.JO) met with South Africa's department of mineral resources Monday and agreed to a "detailed consultation process" with unions and government before proceeding with its restructuring plan, the mineral department said.
Polyus Gold Sees Record Production in 2012, Forecasts Stronger 2013
MOSCOW--Polyus Gold International Ltd (>> Polyus Gold International Ltd), the largest gold producer in Russia, said Monday its 2012 refined gold production rose 12% on the year to a record 1.68 million ounces, exceeding its production target by 5% with even stronger results expected in 2013.
STORIES OF INTEREST
CFTC Charges Firms, Owners For Allegedly Illegal Precious Metals Deals
The U.S. Commodity Futures Trading Commission has charged four Florida-based precious metals firms and their owners for allegedly engaging in illegal off-exchange precious metals deals with retail customers.
Norilsk Requests Waiver of Russian Export Duties - Report
MOSCOW--Vladimir Potanin, the newly appointed chief executive of the world's largest producer of nickel and palladium, Norilsk Nickel (>> GMK Noril'skiy nikel' OAO), has written to Russian President Vladimir Putin asking the government to waive export duties worth $500 million annually, Kommersant reported.
Saudi-based Apicorp, Natixis To Syndicate $200M 2-Yr Financing For Glencore
DUBAI (Zawya Dow Jones)--Saudi Arabia-based Arab Petroleum Investments Corp., or Apicorp, and the French bank Natixis are arranging a $200 million loan that will finance the purchase by Glencore of oil products from a Moroccan refinery, Apicorp said Monday.
Kolar Gold, GMSI to Jointly Pursue Key Gold Licenses
LONDON--Kolar Gold Ltd. (>> Kolar Gold Ltd), an Indian focused gold exploration and mine development company, said Monday it has completed a review of its exploration and license acquisition strategy with a view to improve its effectiveness over the near and medium term, and together with its partner Geomysore Services India Private Ltd., or GMSI, will concentrate on pursuing key gold licenses that the Board has prioritized.
MARKETS
Gold Slips on Pressure From Options Expiry, Fed Meeting
NEW YORK--Gold futures settled lower Monday, locking in a four-day losing streak, as some investors shed futures positions ahead of Comex option expiration while others moved to the sidelines before the start of a Federal Reserve policy meeting.
Write to Tatyana Shumsky at tatyana.shumsky@dowjones.com
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