NEW YORK-- Shares of some top gold companies are mixed at 10 a.m.:. Barrick Gold Corp. rose$. 32 or 1.9 percent, to $16.78. Newmont Mining Corp. rose$. 11 or. 5 percent, to $23.39.» Read More
BEIJING, Dec 13- China, the world top energy user, has given the go-ahead to build six new coal mines together with a massive thermal power plant in its northwest, despite warnings about local water shortages as well as the growing risk of pollution.
SINGAPORE, Dec 13- London copper edged down on Friday after climbing for five straight sessions, with a shortage of refined metal in the physical market underpinning prices.
SINGAPORE, Dec 13- London copper was set to close higher for the third week in four on Friday as a shortage of refined metal in the physical market underpinned prices, but prospects the Federal Reserve could soon trim its commodity-friendly stimulus dragged.
Arch Coal fell$. 16 or 3.7 percent, to $4.15. Consol Energy Inc. fell$. 13 or. 4 percent, to $36.84. Peabody Energy fell$. 16 or. 9 percent, to $18.33.
Barrick Gold Corp. rose$. 08 or. 5 percent, to $16.46. Gold Fields Ltd ADS fell$. 12 or 3.3 percent, to $3.51. Newmont Mining Corp. fell$. 19 or. 8 percent, to $23.28.
Hecla Mining Co. fell$. 07 or 2.5 percent, to $2.75. Pan American Silver Corp. rose$. 11 or 1.0 percent, to $10.89. Silver Standard Resources Inc. fell$. 11 or 1.8 percent, to $6.08.
JOHANNESBURG, Dec 12- South Africa's National Union of Mineworkers said on Thursday it had agreed a two-year wage deal for pay increases of 7.5 to 8.5 percent with Anglo American Platinum, the world's top producer of the precious metal.
*SPDR Gold Trust holdings drop, investment demand lags. NEW YORK/ LONDON, Dec 12- Gold prices fell 2 percent on Thursday as upbeat U.S. retail sales data boosted the dollar and stoked expectations that the Federal Reserve could reduce its bond-buying stimulus soon. Silver slid 4 percent, while platinum group metals also fell sharply.
Arch Coal fell$. 19 or 4.4 percent, to $4.12. Consol Energy Inc. fell$. 26 or. 7 percent, to $36.72. Peabody Energy fell$. 31 or 1.7 percent, to $18.18.
NEW YORK-- Shares of some top gold companies are mixed at 1 p.m.:. Barrick Gold Corp. rose$. 05 or. 3 percent, to $16.43. Newmont Mining Corp. fell$. 13 or. 6 percent, to $23.34.
Hecla Mining Co. fell$. 04 or 1.4 percent, to $2.78. Pan American Silver Corp. rose$. 08 or. 7 percent, to $10.86. Silver Standard Resources Inc. fell$. 06 or 1.0 percent, to $6.13.
Dec 12- North American liquids production is expected to rise by more than 40 percent between 2010 and 2040, driven by technological advancements that enable increased output from sources such as oil sands, Exxon Mobil Corp said.
Arch Coal fell$. 14 or 3.2 percent, to $4.17. Consol Energy Inc. fell$. 17 or. 5 percent, to $36.80. Peabody Energy fell$. 27 or 1.5 percent, to $18.22.
NEW YORK-- Shares of some top gold companies are down at 10 a.m.:. Barrick Gold Corp. fell$. 32 or 2.0 percent, to $16.06. Newmont Mining Corp. fell$. 58 or 2.5 percent, to $22.89.
Hecla Mining Co. fell$. 06 or 2.1 percent, to $2.76. Pan American Silver Corp. fell$. 19 or 1.8 percent, to $10.59. Silver Standard Resources Inc. fell$. 21 or 3.4 percent, to $5.98.
*Avocet, London Mining and IMIC have signed loan deals. In West Africa, banks such as Togo- based Ecobank and Ivory Coast's Banque Atlantique are moving in on mining projects, emboldened by the expert local knowledge gained from their extensive branch networks.
LONDON, Dec 12- Investors in major gold miners say a return to hedging future production after a slump in gold prices would be a sign of financial weakness in companies and could rob them of the chance to reap the rewards of any price rebound. John Thornton, a former senior executive at Goldman Sachs, said he would seriously consider hedging.
LONDON, Dec 12- Copper and nickel climbed to five-week peaks on Thursday on fears that a planned Indonesian ban on ore exports next month could crimp exports from the world's fifth-biggest copper mine and nickel suppliers. U.S. mining giant Freeport McMoRan Copper& Gold warned that Indonesia's plan would cut output at its Grasberg mine by 60 percent next year.
SINGAPORE, Dec 12- London copper struck its highest in a month on Thursday, extending its winning streak into a fifth session as worries about an export halt from the world's fifth biggest copper mine in Indonesia fuelled supply concerns.
*To cost Indonesia $1.6 bln in lost revenue, or 0.6 pct of GDP growth next year. JAKARTA, Dec 12- Freeport McMoRan Copper& Gold warned that Indonesia's plan to ban mineral exports from next month would cut the firm's revenues in the country by 65 percent, costing Southeast Asia's biggest economy $1.6 billion in lost revenue next year.