SYDNEY, July 23- Brazil's BTG Pactual has received a green light from the London Metal Exchange to set up warehousing operations in Singapore, marking the investment bank's first foray into Asia as builds out its physical metals business.» Read More
Hecla Mining Co. fell$. 03 or. 9 percent, to $3.25. Silver Standard Resources Inc. fell$. 22 or 2.3 percent, to $9.18. Silver Wheaton fell$. 22 or. 8 percent, to $26.49.
Arch Coal rose$. 01 or. 3 percent, to $3.00. Consol Energy Inc. fell$. 12 or. 3 percent, to $40.76. Peabody Energy fell$. 14 or. 9 percent, to $15.18.
*Beijing trying to end years of support for bloated sector's such as steel. TANGSHAN, China, July 23- In Tangshan, a polluted industrial Chinese city that produces more steel a year than the entire United States, the Xinming Steel Pipe Plant shut earlier this month leaving more than 400 workers and a host of creditors unpaid.
Pan American Silver Corp. fell$. 10 or. 7 percent, to $15.03. Silver Standard Resources Inc. fell$. 17 or 1.8 percent, to $9.23. Silver Wheaton fell$. 07 or. 3 percent, to $26.64.
Arch Coal rose$. 03 or. 8 percent, to $3.02. Consol Energy Inc. rose$. 11 or. 3 percent, to $40.99. Peabody Energy rose$. 20 or 1.3 percent, to $15.52.
NEW YORK— Shares of some top gold companies are mixed at 1 p.m.:. Barrick Gold Corp. fell$. 23 or 1.2 percent, to $18.87. Newmont Mining Corp. rose$. 04 or. 2 percent, to $25.40.
JAKARTA, July 22- Indonesia's new president Joko "Jokowi" Widodo said he wants to sit down with mining companies and other parties in a bid to resolve a row over mining policies that has halted $500 million of metal exports a month in Southeast Asia's biggest economy.
*Mozambique coal ambitions face setback in depressed market. MAPUTO, July 22- A Thai-Mozambican consortium has set a 2018 target to commission a $4.5 billion coal export railway and port terminal project in central Mozambique, but the depressed global coal prices outlook made the timing "tough", the company's president said.
*China output near record levels, CIS growth strong. China produces around half the world's steel, but output growth remained strong at 3.6 percent in North America and at 1.8 percent in the CIS- the third and fourth-largest producing regions after Asia.
July 22- Coal miner Peabody Energy Corp reported a smaller-than-expected quarterly loss, helped by stronger price realizations in the United States and higher sales volumes in Australia.
Arch Coal unchanged at $2.99. Consol Energy Inc. rose$. 24 or. 6 percent, to $41.12. Peabody Energy rose$. 31 or 2.0 percent, to $15.63.
Hecla Mining Co. fell$. 01 or. 2 percent, to $3.28. Pan American Silver Corp. fell$. 07 or. 5 percent, to $15.06. Silver Standard Resources Inc. fell$. 06 or. 7 percent, to $9.34.
NEW YORK— Shares of some top gold companies are mixed at 10 a.m.:. Barrick Gold Corp. fell$. 15 or. 8 percent, to $18.95. Newmont Mining Corp. rose$. 04 or. 2 percent, to $25.40.
SOUTH PORTLAND, Maine— With a potential lawsuit targeting a decision to ban tar sands oil in South Portland, the governor's energy chief said Tuesday that he hopes the state can eventually have a conversation about managing the flow of petroleum products rather than having it decided locally.
July 22- Coal miner Peabody Energy Corp reported a 2 percent rise in quarterly revenue, helped by an increase in shipments and prices at its mining operations in western U.S. states such as Wyoming, Colorado and Montana.
Barrick Gold Corp. fell$. 09 or. 5 percent, to $19.10. Gold Fields fell$. 04 or 1.0 percent, to $3.95. Newmont Mining Corp. fell$. 06 or. 2 percent, to $25.36.
*Rising output, sluggish demand have created excess of coal. LONDON, July 21- The global market for seaborne thermal coal will be oversupplied by around 10 million tonnes this year, keeping prices below profitable levels for most coal producers well into 2015 or longer and forcing more mines to close.
LONDON, July 21- Zinc and aluminum prices hit their highest in more than a year on Monday as investors sought exposure to commodities with improved fundamentals, but copper's gains were curbed by worries over China's property sector and over a build-up of stocks.
*Move will cut over half of Amplats workforce. *CEO says would prefer to sell assets in one go. JOHANNESBURG, July 21- World number-one platinum producer Anglo American Platinum is to sell a swathe of its most labor-intensive South African mines after a five-month strike shattered its hopes of ever making them profitable.
LONDON, July 21- Zinc and aluminium prices hit their highest in more than a year as investors sought exposure to commodities with improved fundamentals, but gains in copper were held back by worries over China's property sector and over a build-up of stocks.