PRECIOUS METALS HIGHLIGHTS: Top Stories Of The Day

First Published Friday, 13th April 2012 07:34 pm - © 2012 Dow Jones


TOP STORIES

UPDATE: Anglo American Halts Brazil Power Line Installation After Ruling

RIO DE JANEIRO -(Dow Jones)- Anglo American PLC (AAUKY, AAL.LN) said Friday it has halted preparatory work for installation of a power line at its Minas-Rio iron ore project in Brazil following a judge's decision to suspend the installation license for the line.

STORIES OF INTEREST

Peru Expected To Release Conga Mine Water Use Report Monday

LIMA (Dow Jones)--A report by three international experts on the Minas Conga copper and gold project will likely be turned over to the Peruvian government by Monday at the latest, a government official said Friday.

Glencore, Xstrata Delay Taking Merger Case To Shareholders

LONDON (Dow Jones)--Mining company Xstrata PLC (XTA.LN) said Friday that it has pushed back by one month to May the posting to shareholders of documents related to its planned merger with commodities giant Glencore International PLC (GLEN.LN).

METALS MOVER: Liberum Capital. Hires 2 For Mining Team

RIO DE JANEIRO (Dow Jones)--Liberum Capital added two new members to its mining team, the bank said in a daily research note Friday.

MARKETS

PRECIOUS METALS: Gold Falls On EU, China Concerns; Up 2% In Week

NEW YORK (Dow Jones)--Gold futures slumped on Friday, erasing much of the week's gains, as worries about the health of the global economy and strength in the dollar pushed traders to pare their holdings of the precious metal.

-By Matt Day, Dow Jones Newswires; 212-416-4986; matt.day@dowjones.com

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