Jan 26- Iron ore and coal miner Cliffs Natural Resources Inc said it reduced net debt by $400 million and scrapped its quarterly dividend to cut more debt. Cliffs wrote down the value of its coal and iron ore assets by about $6 billion in October due to weak prices, and warned a month later that it might have to close its Bloom Lake iron ore mine in Quebec.» Read More
SINGAPORE, Jan 26- London copper futures fell for a third session running on Monday as the dollar gained against the euro after Greece's Syriza party promised to roll back austerity measures as it is set to win a snap election. *Syriza's Alexis Tsipras is on course to become prime minister of the first euro zone government openly opposed to austerity policies...
The simulator that Southeastern Illinois College and Illinois Eastern Community College plan to build will have features such as an imitation-smoke system and a control center where coordinators can monitor how the miners cope with disaster-like conditions, the Southern Illinoisan reported. The schools will build the facility on SIC's Harrisburg...
BEIJING— China recorded its first drop in coal production since 2000 last year, as the world's biggest greenhouse gas emitter pulls back on its use of the fossil fuel and switches to cleaner energy sources. According to the country's national coal association, China produced 3.5 billion tons of coal in the first 11 months of 2014, 2.1 percent less than the same...
Barrick Gold Corp. fell$. 36 or 2.8 percent, to $12.43. Gold Fields Ltd ADS fell$. 26 or 4.6 percent, to $5.37. Newmont Mining Corp. fell$. 14 or. 6 percent, to $24.15.
Hecla Mining Co. fell$. 14 or 4.0 percent, to $3.34. Pan American Silver Corp. fell$. 26 or 2.3 percent, to $11.18. Silver Standard Resources Inc. fell$. 38 or 5.6 percent, to $6.43.
Arch Coal fell$. 10 or 8.5 percent, to $1.07. Consol Energy Inc. fell$. 78 or 2.5 percent, to $30.33. Peabody Energy fell$. 43 or 6.4 percent, to $6.30.
NEW YORK— Shares of some top gold companies are down at 1 p.m.:. Barrick Gold Corp. fell$. 31 or 2.4 percent, to $12.48. Newmont Mining Corp. fell$. 29 or 1.2 percent, to $24.00.
Hecla Mining Co. fell$. 07 or 2.0 percent, to $3.41. Pan American Silver Corp. fell$. 37 or 3.2 percent, to $11.07. Silver Standard Resources Inc. fell$. 42 or 6.2 percent, to $6.39.
Arch Coal fell$. 09 or 7.7 percent, to $1.08. Consol Energy Inc. fell$. 40 or 1.3 percent, to $30.71. Peabody Energy fell$. 37 or 5.5 percent, to $6.36.
Hecla Mining Co. rose$. 01 or. 4 percent, to $3.50. Pan American Silver Corp. fell$. 11 or 1.0 percent, to $11.33. Silver Standard Resources Inc. fell$. 22 or 3.2 percent, to $6.59.
NEW YORK— Shares of some top gold companies are down at 10 a.m.:. Barrick Gold Corp. fell$. 06 or. 5 percent, to $12.73. Newmont Mining Corp. fell$. 09 or. 3 percent, to $24.21.
Arch Coal fell$. 05 or 4.3 percent, to $1.12. Consol Energy Inc. fell$. 28 or. 9 percent, to $30.83. Peabody Energy fell$. 30 or 4.5 percent, to $6.43.
*Copper on track for 2 percent fall this week. *Premiums for bonded nickel in China surge. LONDON, Jan 23- Copper fell on Friday, and was on track for its sixth week of falls after failing to post a convincing rebound from last week's 5-1/ 2 year low, weighed by concerns about the outlook for demand from top consumer China.
NORILSK, Russia, Jan 23- Falling metal prices are being more than offset by the rouble slide, allowing Russia's Norilsk Nickel to maintain margins despite lower foreign currency earnings, its chief executive said. CEO and co-owner Vladimir Potanin, Russia's eighth richest man with a $12.6 billion fortune from the world's largest nickel and palladium miner,...
Chinese steel producers, including the biggest private mill Jiangsu Shagang Group, state-owned Wuhan Iron& Steel Group and Hebei province-based Tangshan Iron& Steel, are scheduling maintenance on some facilities, according to industry consultancy Custeel. "The difference this year is that in order to trim production, many mills in northern China have...
MELBOURNE, Jan 23- London copper edged up on Friday, but was set to close the week flat, having failed to post a convincing rebound from last weeks' 5-1/ 2 year lows ahead of China factory data due shortly. *The most-traded March copper contract on the Shanghai Futures Exchange slipped 0.3 percent to 41,470 yuan a tonne. *Freeport-McMoRan Inc said on Thursday it had...
Arch Coal fell$. 01 or. 8 percent, to $1.17. Consol Energy Inc. fell$. 12 or. 4 percent, to $31.11. Peabody Energy fell$. 04 or. 6 percent, to $6.73.
Barrick Gold Corp. rose$. 05 or. 4 percent, to $12.79. Gold Fields Ltd ADS fell$. 09 or 1.6 percent, to $5.63. Newmont Mining Corp. fell$. 03 or. 1 percent, to $24.29.
Hecla Mining Co. rose$. 13 or 3.9 percent, to $3.48. Pan American Silver Corp. rose$. 02 or. 2 percent, to $11.44. Silver Standard Resources Inc. fell$. 18 or 2.6 percent, to $6.81.
ST. LOUIS— Coal-mining Peabody Energy Corp. soon will have a new chief executive. The St. Louis- based company announced Thursday that Peabody's chief operating officer, Glenn Kellow, will succeed CEO Greg Boyce on May 4. Its U.S. operations include mines in Wyoming, Colorado, Arizona, New Mexico, Illinois, and Indiana.