Posts by Reuters:

Santander, BBVA close commodities trading desks

Spain's two largest banks, and Santander and BBVA are closing their commodities trading units to focus on core business, a spokesman and a source said, which will lead to about 15 job losses in all.

BHP sees record iron ore output

BHP Billiton (BHP.AX) (BLT.L), the world's biggest mining company, forecast record iron ore production this year after quarterly output jumped by a fifth, shrugging off predictions that growth in top buyer China will slow this year.

Copper hits 2-month high as EU debt fears ebb

Copper rose to its highest level in more than two months on Thursday, boosted by the euro's strength against the dollar and a Spanish bond auction that drew strong demand, easing some immediate concerns about peripheral euro zone debt.

German mine for rare earths to be developed

German mining and commodity group Deutsche Rohstoff AG said on Wednesday it will develop mining operations in east Germany to exploit estimated deposits of 38,000 tonnes of rare earths.

Gold hits 4-week top on Europe woes, Asia demand

Gold hit a four-week high and broke above a key resistance on Wednesday, defying a stronger dollar, as the festering euro zone debt crisis lured investors to its safety and signs of strong demand from the world's top two consumers also supported.

Russia coal mining ops to restart in key Siberia region

Russia's Emergencies Minister has granted permission for coal mining operations in the Kuznetsk Basin to restart after they were halted following a strong earthquake in southeastern Russia, a Ministry spokeswoman in Kemerovo said.