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Metals and Mining

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  • SYDNEY/ LONDON, Aug 29- Copper edged higher on Friday as the euro strengthened, but prices were still on track for their biggest monthly loss since March on worries that rising tensions in Ukraine could set back global growth and hit metals demand.

  • LONDON, Aug 29- For the world's hard-pressed aluminum producers the current outlook is the rosiest in many years. That's largely thanks to the combination of a robust London Metal Exchange price, currently trading around $2,100 per tonne, its highest level since early 2013, and historically elevated physical premiums.

  • NEW DELHI, Aug 29- Half of India's thermal power stations have less than a week's supply of coal on hand, according to weekly data, the lowest level since mid-2012 when millions of people were left without power in one of the world's worst blackouts.

  • SINGAPORE, Aug 29- Gold was little changed on Friday but was on track to post a monthly gain, as growing tensions between Russia and Ukraine stoked safe-haven demand for the precious metal. Gold was trading flat at $1,289.20 an ounce by 0306 GMT.

  • Final Glance: Silver companies Thursday, 28 Aug 2014 | 6:02 PM ET

    Hecla Mining Co. rose$. 02 or. 6 percent, to $3.24. Pan American Silver Corp. rose$. 15 or 1.1 percent, to $14.22. Silver Standard Resources Inc. rose$. 12 or 1.3 percent, to $9.33.

  • Final Glance: Gold companies Thursday, 28 Aug 2014 | 6:02 PM ET

    Barrick Gold Corp. rose$. 10 or. 6 percent, to $18.22. Gold Fields rose$. 15 or 3.3 percent, to $4.63. Newmont Mining Corp. rose$. 34 or 1.3 percent, to $26.86.

  • Final Glance: Coal companies Thursday, 28 Aug 2014 | 6:02 PM ET

    Arch Coal fell$. 13 or 4.1 percent, to $3.05. Consol Energy Inc. fell$. 61 or 1.5 percent, to $39.53. Peabody Energy fell$. 31 or 1.9 percent, to $15.66.

  • The delays have been perpetuated also by a surge in rail deliveries of crude oil and grain, leaving power producers such as FirstEnergy Corp scrambling for transport alternatives before winter sets in, potentially adding to costs.

  • Midday Glance: Gold companies Thursday, 28 Aug 2014 | 1:19 PM ET

    NEW YORK— Shares of some top gold companies are up at 1 p.m.:. Barrick Gold Corp. rose$. 10 or. 5 percent, to $18.22. Newmont Mining Corp. rose$. 40 or 1.5 percent, to $26.92.

  • Midday Glance: Silver companies Thursday, 28 Aug 2014 | 1:19 PM ET

    Hecla Mining Co. rose$. 01 or. 5 percent, to $3.24. Pan American Silver Corp. rose$. 14 or 1.0 percent, to $14.21. Silver Standard Resources Inc. rose$. 12 or 1.3 percent, to $9.33.

  • Midday Glance: Coal companies Thursday, 28 Aug 2014 | 1:19 PM ET

    Arch Coal fell$. 06 or 1.9 percent, to $3.12. Consol Energy Inc. fell$. 38 or. 9 percent, to $39.77. Peabody Energy fell$. 26 or 1.7 percent, to $15.71.

  • Argentina, Malaysia in deal to develop oil field Thursday, 28 Aug 2014 | 12:40 PM ET

    BUENOS AIRES, Argentina— State-run Argentine oil company YPF SA said Thursday it has reached a deal with Malaysia's Petronas to develop what is believed to be massive deposits of shale oil and gas in the vast Vaca Muerta formation in Patagonia.

  • Early Glance: Gold companies Thursday, 28 Aug 2014 | 10:31 AM ET

    NEW YORK— Shares of some top gold companies are up at 10 a.m.:. Barrick Gold Corp. rose$. 10 or. 6 percent, to $18.22. Newmont Mining Corp. rose$. 24 or. 9 percent, to $26.76.

  • Early Glance: Silver companies Thursday, 28 Aug 2014 | 10:31 AM ET

    Hecla Mining Co. rose$. 02 or. 6 percent, to $3.24. Pan American Silver Corp. rose$. 15 or 1.1 percent, to $14.22. Silver Standard Resources Inc. rose$. 10 or 1.1 percent, to $9.31.

  • Early Glance: Coal companies Thursday, 28 Aug 2014 | 10:31 AM ET

    Arch Coal fell$. 03 or. 9 percent, to $3.15. Consol Energy Inc. fell$. 53 or 1.3 percent, to $39.61. Peabody Energy fell$. 31 or 1.9 percent, to $15.67.

  • *Shanghai rebar futures drop to record low. SINGAPORE, Aug 28- Spot iron ore hit a two-year low on Thursday and was on course to fall to its lowest since 2009 as tighter credit in China curbed purchases of imported cargoes, and iron ore futures in Dalian slumped to a contract low.

  • METALS-LME copper steadies in low volumes, ECB in focus Thursday, 28 Aug 2014 | 3:43 AM ET

    SYDNEY, Aug 28- Copper steadied in low trade volumes on Thursday as markets awaited fresh signals on whether the European Central Bank would act to shore up a faltering economy that could drag on world growth and metals demand.

  • *Gold may retest resistance at $1,290- technicals. SINGAPORE, Aug 28- Gold rose for the third straight day on Thursday on softening dollar and increased tensions between Ukraine and Russia, but the precious metal was under pressure from rallies in equities and the prospect of a U.S. interest rate hike.

  • SYDNEY, Aug 28- The state of Western Australia on Thursday said it planned to sell government-owned assets, including part of the Port Hedland shipping terminal, for an estimated A $1 billion to A $2 billion as its resource-heavy economy adjusts to the collapse of a decade-long mining boom.

  • *Gold may retest resistance at $1,290- technicals. SINGAPORE, Aug 28- Gold rose for the third straight day on Thursday on softening dollar and increased tensions between Ukraine and Russia, but the precious metal was under pressure from rallies in equities and the prospect of a U.S. interest rate hike.