Reuters Africa

TSX sags as Goldcorp leads dive in resource stocks

Goldcorp tumbles 5% and Barrick Gold declined 3.6%

Northern Iron says receives rival bid from Prominvest

The new offer from Prominvest was highly conditional and indicative with a cash price of A$1.42 per share, Northern Iron said. That was just above a sweetened A$1.40 per share offer from Aditya Birla worth A$518 million.

Australia's coal bed LNG export expansion plans falter

Confidence in Australia's coal seam gas industry, one of the nation's brightest economic prospects, has begun to flicker.

Collahuasi copper mine resumes after worker death

The world's No. 3 copper mine, Chile's Collahuasi, is gradually resuming mining operations following the accidental death of a worker late Saturday, spokeswoman Bernardita Fernandez told Reuters on Sunday.

PJM power capacity auction may be worth over $10 billion

Last week, FirstEnergy said PJM told the company to keep three old, coal-fired plants in Ohio capable of generating about 885 MW in service to maintain reliable supplies of electricity. The plants had been earmarked for retirement this year.

Commodities up after early drubbing on Europe; nickel jumps

Commodities rebounded on Monday after the huge selloff of the previous session, with nickel staging a big rally and bargain hunting lifting oil prices from their lows after investors shrugged off earlier fears about election outcomes in Europe.

Japan's Hokkaido shuts coal-fired unit due to problem

The company also said its fuel oil-fired 350-MW No.2 unit at its Date plant would halt power generation from March 24 to 30 due to repair work on the unit's condenser. (Reporting by Osamu Tsukimori; Editing by Mark Potter)

RUSAL threatens to sue in chairman row

RUSAL, the world's No.1 aluminium producer, said comments by former chairman Viktor Vekselberg had damaged its reputation and shareholder value, and threatened unspecified legal action.

Zimbabwe orders mining firms to bank locally: paper

Mines Minister Obert Mpofu told the Sunday Mail that cabinet last week had decided to tell mining companies to bring back earnings from their Zimbabwe operations which were deposited in offshore accounts. "We have been liberal. It does not make se...

Rio halts iron ore port operations as cyclone nears

Operations at two ports used by Rio Tinto -- Dampier and Cape Lambert -- were winding down, while mining and its rail hauling line remained open, said a spokesman for Rio Tinto, the world's second-largest iron ore producer.

METALS-Copper hits two-week low as Greece delay sours mood

Copper hit a two-week trough on Thursday, having lost ground for the last four sessions, after signs of a delay to a bailout for Greece soured sentiment and put the euro on the defensive against the dollar.

Russian Railways to build $1.7 bln coal line in Indonesia – govt

Russia's state railway firm Russian Railways plans to build a train line to transport coal in Indonesia's East Kalimantan province on Borneo island, with $1.7 billion of investment for a first phase due to be operating by 2017, Indonesia's government said on Tuesday.

UPDATE 2-China Nov power output growth slowest in 10 months

China's power generation increased at the slowest pace in 10 months in November, government data showed on Friday, as demand momentum waned along with slowing industrial output in the world's second-largest economy.

Japan Oct rolled copper output down 11.5 pct yr/yr

The figure represents an 8 percent decrease from September, the Japan Copper and Brass Association said.

India's SAIL to up iron ore purcahse to 39 mln T in 2013

The state-owned company will also boost coking coal purchases to 21 million tonnes in 2013 from 13.8 million tonnes in 2010, Director Shuman Mukherjee told an industry conference on Tuesday.

Oil sands opponents 'treacherous' -Canada minister

In a sign of the strain the Canadian government is feeling over development of the tar sands, Environment Minister Peter Kent said on Wednesday that opposition legislators who campaigned in Washington against the idea were treacherous.

Workers at Peru zinc miner Volcan say going on strike

Workers in much of Peruvian zinc miner Volcan's Yauli district said late on Monday they were going on strike within hours after wage talks failed with the world's No. 4 producer of silver and zinc.

London copper steady on Chinese demand signals

London copper edged up on Tuesday, buoyed by news that China was pushing ahead with efforts to boost the development of electric cars, which may result in a spike in copper demand.

EU climate chief: science shows Canada oil sand risk

BRUSSELS, Oct 27 (Reuters) - The European Commission's plans to class fuel from oil sands, including Canada's, as highly polluting are based on science and it will proceed with talks with EU member states to implement the measure, its climate

Xstrata reopens S.Africa mine shaft after fatality

"The Section 54 was unconditionally lifted on Monday after a detailed presentation was done to the DMR (department of mineral resources). The shaft is now back to full production," spokesman Songezo Zibi said. Section 54 of South Africa's...

Mongolia needs coal deal in 3 mths to ensure IPO goes ahead – MP

A contentious investment agreement on Mongolia's huge Tavan Tolgoi coal deposit needs to be completed within three months to ensure that a much-heralded initial public offering for the project goes ahead on time, a legislator told Reuters on Wednesday.

Freeport Indonesia says ramps up copper output

* Firm says production over 4,000 T/day in Oct * Normal output is 6,300 T/day - union * Freeport to ship nearly 70,000 T concentrate this wk * Union says may slash pay demand, but no new talks By Samuel Wanda and Rieka Rahadiana TIMIKA, Indonesia, Oct ...

Centamin says gold output back on track

It produced 50,539 ounces of gold in the third quarter, up 5 percent from the second quarter and a jump of 67 percent from the year-earlier quarter. The miner said it remains on track to reach its revised gold production target this year of...

Total AUM on commodities rise in August

Total assets under management (AUM) in commodities in August rose to $390 billion from $385 billion in July, Societe Generale said in a report on Wednesday. The rise in AUM was only due to much higher precious metals prices.

Tanzania not rushing new mining taxes – Finance Minister

"It's not a question of saying we'll be doing that from tomorrow. It's an issue being discussed with the companies," Finance Minister Mustafa Mkulo told Reuters on the sidelines of IMF/World Bank meetings in Washington.