Metals and Mining
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HOUSTON/ NEW YORK, May 20- For the past three years, the boom in the U.S. shale oil industry has outstripped all expectations. News from two of the country's less developed shale plays in Colorado and Ohio last week offer a reality check for the wave of euphoria that has washed across the industry.
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SINGAPORE, May 20- London copper slipped on Monday after a jump in U.S. consumer confidence raised prospects the country could begin trimming its bond-buying program, eroding metals' allure for investors, against a backdrop of slowing growth in top consumer China.
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HONG KONG, May 20- Hong Kong shares were set to start at their highest in more than a week on Monday, with index gains helped by a 4.4 percent climb for China Coal Energy as markets returned from a public holiday last Friday. The Hang Seng Index was expected to open up 1.2 percent at 23,348.7, its highest since May 9.
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*ENRC, Bumi among those expected to testify. LONDON, May 19- Britain's parliament will this week consider whether to probe the transparency of oil and mining firms listed in London, an issue highlighted by corruption probes at emerging market miners which lawmakers fear have dented the stock market's reputation.
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JAKARTA, May 18- Freeport McMoRan Copper& Gold Inc said on Saturday that rockfalls were hampering rescue efforts after a tunnel collapse four days ago at its giant Indonesian copper mine, with hopes fading of finding alive any of the 23 still missing.
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Arch Coal rose$. 05 or 1.0 percent, to $5.01. Consol Energy Inc. rose$. 33 or 1.0 percent, to $33.97. Peabody Energy rose$. 07 or. 3 percent, to $20.21.
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Barrick Gold Corp. fell$. 68 or 3.5 percent, to $18.58. Gold Fields Ltd ADS fell$. 32 or 5.2 percent, to $5.81. Newmont Mining Corp. fell$. 80 or 2.5 percent, to $30.63.
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Hecla Mining Co. fell$. 05 or 1.6 percent, to $3.17. Pan American Silver Corp. fell$. 34 or 2.8 percent, to $11.74. Silver Standard Resources Inc. fell$. 22 or 3.4 percent, to $6.30.
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Hecla Mining Co. fell$. 02 or. 6 percent, to $3.20. Pan American Silver Corp. fell$. 20 or 1.6 percent, to $11.89. Silver Standard Resources Inc. fell$. 19 or 2.9 percent, to $6.33.
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NEW YORK-- Shares of some top gold companies are down at 1 p.m.:. Barrick Gold Corp. fell$. 42 or 2.2 percent, to $18.84. Newmont Mining Corp. fell $1.04 or 3.3 percent, to $30.39.
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Arch Coal rose$. 02 or. 4 percent, to $4.98. Consol Energy Inc. rose$. 05 or. 1 percent, to $33.69. Peabody Energy fell$. 05 or. 2 percent, to $20.09.
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LONDON, May 17- South Africa's mining industry can ill afford to offer wage rises during talks that are about to start with a new and unpredictable union, so it may well face fresh strikes, Impala Platinum said on Friday.
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NEW YORK-- Shares of some top gold companies are down at 10 a.m.:. Barrick Gold Corp. fell$. 27 or 1.4 percent, to $18.99. Newmont Mining Corp. fell$. 74 or 2.4 percent, to $30.69.
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Hecla Mining Co. fell$. 01 or. 3 percent, to $3.21. Pan American Silver Corp. fell$. 13 or 1.0 percent, to $11.96. Silver Standard Resources Inc. fell$. 14 or 2.1 percent, to $6.38.
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Arch Coal rose$. 10 or 2.0 percent, to $5.06. Consol Energy Inc. rose$. 36 or 1.1 percent, to $34.00. Peabody Energy rose$. 09 or. 4 percent, to $20.23.
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MORGANTOWN, W.Va.-- CONSOL Energy Inc. says it's got federal approval to restart its sprawling Blacksville No. 2 coal mine with the morning shift on Monday. The operation straddling the West Virginia- Pennsylvania border was evacuated March 12 after smoke began pouring from a shaft in Wayne Township, Pa.
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LONDON, May 17- Budgets are made to be broken- especially when they are written by politicians. The shares of petroleum and mining companies listed on New York, London and other stock exchanges value them as if all these resources will be extracted and burned.
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JOHANNESBURG, May 17- The leader of South Africa's biggest platinum mining union threatened on Friday to bring Africa's No. 1 economy "to a standstill" and demanded a meeting with President Jacob Zuma, ramping up the rhetoric in an 18- month labour crisis.
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*Tension between union, Freeport could spook investors. JAKARTA, May 17- Freeport McMoRan Copper& Gold Inc's Indonesian copper mine should remain closed for an investigation into a tunnel collapse that has left five dead and 23 missing, a trade union leader said on Friday.
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*China shuns stimulus despite softer growth track-sources. SINGAPORE, May 17- London copper reversed early losses to trade firmer on Friday, tracking gains in Shanghai equities, but is still on course to end a three-week upward streak amid signs Chinese demand is unlikely to pick up strongly as Beijing shuns stimulus measures.