Barrick Gold Corp. rose$. 12 or. 6 percent, to $20.91. Gold Fields rose$. 08 or 1.9 percent, to $4.36. Newmont Mining Corp. rose$. 70 or 2.7 percent, to $26.18.» Read More
Arch Coal rose$. 10 or 2.4 percent, to $4.23. Consol Energy Inc. rose$. 17 or. 4 percent, to $38.73. Peabody Energy rose$. 11 or. 7 percent, to $15.61.
NEW YORK-- Shares of some top gold companies are mixed at 1 p.m.:. Barrick Gold Corp. fell$. 05 or. 2 percent, to $20.74. Newmont Mining Corp. rose$. 38 or 1.5 percent, to $25.86.
*Gold miners sell production up to a year forward. *Hochschild, Detour, Petropavlovsk among the hedgers. "I see a short-term hedge as a weapon in the arsenal of a financial director to protect the company and generate some short to medium-term security," said Markus Bachmann, manager of precious metals and global resources funds at Craton Capital.
*Acquisition prospects in Asia white cement. ROME, March 14- Italy's Cementir group is looking at acquisition opportunities to strengthen its position in white cement and could finalise a deal within 12 months, possibly in Asia, chief executive Francesco Caltagirone said.
NEW YORK-- Shares of some top gold companies are up at 10 a.m.:. Barrick Gold Corp. rose$. 20 or. 9 percent, to $20.99. Newmont Mining Corp. rose$. 40 or 1.6 percent, to $25.88.
Hecla Mining Co. rose$. 07 or 2.0 percent, to $3.63. Pan American Silver Corp. rose$. 25 or 1.7 percent, to $15.12. Silver Standard Resources Inc. rose$. 32 or 2.8 percent, to $11.66.
Arch Coal rose$. 03 or. 7 percent, to $4.16. Consol Energy Inc. rose$. 14 or. 4 percent, to $38.70. Peabody Energy rose$. 14 or. 9 percent, to $15.64.
LONDON, March 14- Metals markets are nervous that nearly half a million tonnes of hidden zinc may be delivered on the London Metal Exchange next week, shaking a market unsure about the extent of further concealed stocks.
*Mechel should repay $1 bln of debt this year. MOSCOW, March 14- Russia may again have to step in to help coal and steel group Mechel after the country's largest private bank asked for the early repayment of a $150 million loan.
Investors who believe copper's recent price decline is limited to China are on the "path to ruin", warned Albert Edwards, Societe Generale's uber-bearish strategist.
*Mechel shares down 14 pct in Moscow, underperforming index. MOSCOW, March 14- Indebted Russian coal miner and steelmaker Mechel is in talks with lenders on refinancing and early debt repayment, the company said on Friday.
MOSCOW, March 14- Russian coal miner and steelmaker Mechel is in talks with Alfa Bank, Russia's largest private bank, on paying off a $150 million debt early, Mechel said on Friday. The company's press-service said in an emailed comment that Alfa Bank had asked for the early repayment and the two sides were in discussions.
STOCKS OF RUSSIAN UTILITIES, STEELMAKERS, BANKS FALL SHARPLY ON FRIDAY.
SEOUL, March 14- POSCO's new chief executive said the South Korean steelmaker will restructure non-steel businesses and not make any major investment in increasing steelmaking capacity, in a marked break from the strategy of his predecessor.
SEOUL, March 14- POSCO's new chief executive said the South Korean steelmaker will sell non-core assets and list some affiliates to shore up its balance sheet, shying away from major new investments in a marked break from his predecessor's strategy.
SEOUL, March 14- POSCO's new chief executive said the steelmaker will shy away from expanding manufacturing capacity for the time being, and raise cash by selling non-core assets and by listing some affiliates- a marked break with the strategy set by his predecessor.
Barrick Gold Corp. rose$. 45 or 2.2 percent, to $20.79. Gold Fields rose$. 08 or 1.9 percent, to $4.28. Newmont Mining Corp. rose$. 47 or 1.9 percent, to $25.48.
Hecla Mining Co. rose$. 10 or 2.9 percent, to $3.56. Pan American Silver Corp. rose$. 30 or 2.1 percent, to $14.87. Silver Standard Resources Inc. rose$. 40 or 3.7 percent, to $11.34.
Arch Coal rose$. 01 or. 2 percent, to $4.13. Consol Energy Inc. fell$. 48 or 1.2 percent, to $38.56. Peabody Energy fell$. 33 or 2.1 percent, to $15.50.
WINNIPEG, Manitoba, March 13- Two junior potash producers working in unusual locations look set to shake off the most bearish industry conditions in five years and open new mines, helped by their proximity to Brazil and Africa, two of the world's most promising but under-served fertilizer markets.