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Performance of Companies in the Metals and Mining Sector on July 14

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Metals remain mixed on July 14

On Thursday, July 14, the stocks related to base metals and precious metals remained mixed. At 3:10 PM EDT, the PowerShares DB Base Metals ETF (DBB) and the SPDR S&P Metals & Mining ETF (XME) rose by ~0.39% and ~1.2%, respectively. The SPDR Gold Shares ETF (GLD) fell by ~0.82%.

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It’s unlikely to reopen Samarco in 2016- BHP

BHP Billiton (BHP), the Anglo-Australian multinational miner, noted on July 14 that it is unlikely to restart operations in the Samarco project, which is jointly owned by BHP Billiton and Vale (VALE).

On November 5, 2015, the dam failure in the Samarco project resulted in an overflow that flooded the nearby villages. That disaster was followed by a major ~$8 billion civil claim for clean-up activities. According to BHP Billiton, the operations will be restarted only after it is safe and when it acquires the necessary proposals for production.

Since the beginning of 2016, BHP Billiton (BHP) has risen by ~20%. At 12:38 PM EDT on July 14, BHP was trading at $30.93, a gain of ~0.06%.

Top five performers in the gold industry on July 14

  • Sibanye Gold Limited (SBGL) rose by ~0.24%
  • Barrick Gold (ABX) rose by ~1.8%
  • Kinross Gold (KGC) remained unchanged
  • Newmont Mining (NEM) fell by ~1.7%
  • IAMGold (IAG) fell by ~0.42%

Bottom five performers in the gold industry on July 14

  • DRDGOLD Limited (DRD) fell by ~4.5%
  • Gold Fields Limited (GFI) fell by ~3.9%
  • Primero Mining (PPP) fell by ~2.8%
  • Alamos Gold (AGI) fell by ~3.0%
  • Harmony Gold Mining Company (HMY) fell by ~3.4%
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