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Metals and Mining Diversified Metals and Mining

  • SYDNEY, Oct 20- Global miner Rio Tinto on Thursday cut its 2016 guidance for iron ore shipments by as much as 5 million tonnes after releasing lower third-quarter production data, citing shipping interruptions. The downward revision- equivalent to as much as $290 million at current ore prices- comes as the steelmaking commodity stages a recovery on the back of a...

  • *China industrial output 6.1 pct versus 6.4 pct. Data released on Wednesday showed China's economy grew 6.7 percent in the third quarter, flat from the previous quarter, as increased government spending and a property boom offset stubbornly weak exports. "Also there is news out on China's own projections of metals consumption, which suggest that demand growth...

  • Data released on Wednesday showed China's economy grew 6.7 percent in the third quarter, flat from the previous quarter, as increased government spending and a property boom offset stubbornly weak exports. "Also there is news out on China's own projections of metals consumption, which suggest that demand growth rates are going to be softer."

  • *China government releases 5 year plan for base metals. *China Q3 GDP +6.7 pct year-on-year, hits forecast. MELBOURNE, Oct 19- London copper drifted on Wednesday, with China's economic growth meeting expectations in the third quarter but an impending slowdown in real estate growth painting a mixed outlook for metals demand.

  • *China government releases 5 year plan for base metals. *China Q3 GDP +6.7 pct year-on-year, hits forecast. MELBOURNE, Oct 19- London copper drifted on Wednesday, with China's economic growth meeting expectations in the third quarter but an impending slowdown in real estate growth painting a mixed outlook for metals demand.

  • Metal rally based on BHP's debt reduction

    Paul Renken, senior geologist and mining analyst at VSA Capital, weighs in on the business environment for international mining companies.

  • SYDNEY, Oct 19- BHP Billiton, the world's biggest diversified miner, said on Wednesday it was finally detecting indications of a commodity market turnaround, giving its most upbeat assessment in about five years. A recovery would be a particular boon for the global miner which has kept production humming through a multi-year collapse in commodities markets,...

  • BHP has 3 quarters to make it up: Analyst

    Despite missing expectations, BHP still maintained its guidance in core businesses, says Shaw and Partners' Peter O'Connor.

  • BHP output 'a bit of a miss': Expert

    BHP might have met output guidance figures but brokers were expecting more from the miner, says Alex Leyland, portfolio manager at Leyland Private AM.

  • Coal prices will be good for 'some time to come': Miner

    Coal has had a challenging past 5 years but supply-side reforms have had promising results, says Paul Flynn, CEO at Whitehaven Coal.

  • TORONTO, Oct 14- Freeport-McMoRan said on Friday it will sell onshore California oil and gas assets to Sentinel Peak Resources California for up to $742 million, part of a push by the world's biggest listed copper miner to reduce its multi-billion dollar debt. Under the transaction with private energy company Sentinel Peak, Freeport said it will receive $592...

  • TORONTO, Oct 12- Canada's main stock index advanced on Wednesday for the first time in four sessions as a rally in gold mining and other materials stocks offset a drop in energy companies spurred by falling oil prices. "A lot of the high dividend paying stocks, like REITs and telecoms have been hurt because of fears over rising rates, and I think interest rates are...

  • TORONTO, Oct 12- Canada's main stock index modestly advanced in see-saw trading on Wednesday as a rally in gold mining and other materials stocks offset a drop in energy companies spurred by falling oil prices. Climate-change activists on Tuesday disrupted the flow of millions of barrels of crude from Canada to the United States in rare, coordinated action...

  • MELBOURNE, Oct 11- London copper was steady on Tuesday as optimism U.S. presidential candidate Hilary Clinton was pulling ahead in the polls fed risk-appetite on Wall Street, eclipsing concerns over the strength of Chinese metals demand. *Three-month copper on the London Metal Exchange was little changed at $4,850 a tonne by 0138 GMT, close to Monday's $4,860-...

  • A floor hand helps line up a pipe while drilling for oil in the Bakken shale formation near Watford City, North Dakota.

    Oil markets could see an increased risk of another major jolt if prices continue remain at current levels, the chief executive of Vedanta Resources said.

  • A child walks past a truck carrying rocks from a mine in Lubumbashi, DRC on May 23, 2016.

    "The glamorous shop displays are a stark contrast to the children carrying bags of rocks and miners in narrow manmade tunnels."

  • Rusal's profit slumped 70 percent in the first half of 2016, but the aluminum giant said tightening Chinese supply was helping stabilize metal prices.

  • South32 Guidance

    South32's Graham Kerr says the company has made big inroads in terms of reducing capital expenditure and operating costs.

  • BHP Billiton reported a record $6.4 billion annual loss on Tuesday, hammered by a bad bet on shale, a dam disaster in Brazil and a commodities slump.

  • BHP Billiton CEO Andrew Mackenzie talks about the current state of the commodity markets, with specific comment on China and iron ore.