NEWPORT NEWS, Va.— Coal from Appalachia rumbles into this port city, 150 railroad cars at a time, bound for the belly of the massive cargo ship Prime Lily. The ship soon sets sail for South America, its 80,000 tons of coal destined for power plants and factories, an export of American energy— and pollution.» Read More
JAKARTA, July 25- Freeport-McMoRan Inc clinched a deal with the Indonesian government on Friday allowing the miner to resume copper concentrate exports from the country, effectively ending a six-month tax dispute and paving the way for more miners to follow suit.
JAKARTA, July 25- Freeport-McMoRan Inc and the Indonesian government on Friday reached a deal over a contract dispute that should pave the way for a resumption of the U.S. company's copper exports after a six-month halt.
Brad Gordon, CEO of African Barrick Gold, says weaker gold demand has offset further price rises to the precious metal despite geopolitical tensions.
SYDNEY, July 25- London copper edged down on Friday but was still set to log its fifth weekly advance in six, with investors more bullish on metals on expectations the global economy is on a firmer footing and on a brighter outlook for top consumer China.
Barrick Gold Corp. fell$. 44 or 2.3 percent, to $18.30. Gold Fields fell$. 09 or 2.3 percent, to $3.77. Newmont Mining Corp. fell$. 41 or 1.6 percent, to $24.78.
Arch Coal rose$. 04 or 1.4 percent, to $2.91. Consol Energy Inc. rose$. 03 or. 1 percent, to $40.74. Peabody Energy rose$. 18 or 1.2 percent, to $15.15.
Hecla Mining Co. fell$. 08 or 2.5 percent, to $3.14. Pan American Silver Corp. fell$. 24 or 1.6 percent, to $14.63. Silver Standard Resources Inc. fell$. 21 or 2.3 percent, to $8.77.
MSHA cited as examples Thursday coal mines in Virginia and West Virginia. Twenty-five citations were issued at the Dickenson-Russell Coal Co. LLC's Cherokee Mine in Dickenson County, Virginia. The West Virginia inspection occurred at Rhino Eastern LLC's Eagle Mine 3 in Wyoming County.
July 24- The steel-making coal market needs to cut another 10 million tonnes of production to get into balance, the chief of Teck Resources Ltd said on Thursday after the Canadian miner reported a sharp fall in profit, mainly due to weak coal prices.
RIO DE JANEIRO, July 24- Brazil's Vale SA produced record amounts of iron ore in its latest second quarter, rising to the task of battling Australian rivals for market share, but weaker performance at other divisions fanned some concern ahead of results next week.
Arch Coal rose$. 06 or 2.0 percent, to $2.93. Consol Energy Inc. rose$. 09 or. 2 percent, to $40.80. Peabody Energy rose$. 14 or. 9 percent, to $15.11.
Hecla Mining Co. fell$. 05 or 1.6 percent, to $3.17. Pan American Silver Corp. fell$. 22 or 1.5 percent, to $14.65. Silver Standard Resources Inc. fell$. 27 or 3.0 percent, to $8.71.
NEW YORK— Shares of some top gold companies are down at 1 p.m.:. Barrick Gold Corp. fell$. 48 or 2.6 percent, to $18.26. Newmont Mining Corp. fell$. 45 or 1.8 percent, to $24.74.
NEW YORK— Shares of some top gold companies are down at 10 a.m.:. Barrick Gold Corp. fell$. 21 or 1.1 percent, to $18.53. Newmont Mining Corp. fell$. 40 or 1.6 percent, to $24.79.
Hecla Mining Co. fell$. 03 or. 9 percent, to $3.19. Pan American Silver Corp. fell$. 08 or. 5 percent, to $14.79. Silver Standard Resources Inc. fell$. 21 or 2.3 percent, to $8.77.
Arch Coal rose$. 04 or 1.4 percent, to $2.91. Consol Energy Inc. fell$. 01 or percent, to $40.70. Peabody Energy rose$. 06 or. 4 percent, to $15.03.
"Results were better than expected, with solid operating results in coal and copper," RBC Capital Markets analyst Fraser Phillips said in a note to clients. Teck cut its 2014 copper cost forecast to between $1.95 and $2.05 per pound from $2.00 to $2.20 a pound.
RIO DE JANEIRO, July 24- Brazilian miner Vale said on Thursday its iron ore output in the second quarter was a record high for the period, up 12.6 percent from a year earlier, as it ramped up production to win back market share from Australian rivals.
*Freeport set to strike deal. JAKARTA, July 24- Indonesia has offered mining companies a tax concession to end a six-month dispute that has reduced mineral exports by half a billion dollars a month, pushed up the global price of some metals and led to thousands of layoffs.
MELBOURNE/ LONDON/ RIO DE JANEIRO, July 24- After two years of shunning miners, investors are tiptoeing back into the sector on signs of growth perking up in China, company austerity measures paying off, and prices of nickel, copper and aluminum picking up as supply tightens.