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Metals and Mining

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  • Dec 15- SunCoke Energy Inc, which produces coke used in steelmaking, said it would more than halve its annual coal production and cut 175 jobs due to weak prices. It said it was also looking at other options, including hiring contractors to mine coal or purchasing coal for its 720,000- tons Jewell Coke facility in Virginia. The company's coal mining operations are...

  • Dec 15- SunCoke Energy Inc, which produces coke used in steelmaking, said it would more than halve its annual coal production and cut 175 jobs due to weak prices. The company said it would reduce its annual coal production to 500,000 tons from 1.1 million. The company had about 1,344 employees in the United States and about 233 employees at its cokemaking facility...

  • LONDON, Dec 15- Nickel prices touched their highest level in a week on Monday over concerns that the typhoon season in the Philippines could hit supply and lead to shortages. "We've said for a long time that there should be a shortage of nickel during the early part of next year due to the seasonality in the Philippines," said Nic Brown, head of commodities research at...

  • SYDNEY, Dec 15- Australian gold miner Newcrest Mining Ltd said on Monday it was planning to split the development of its massive Golpu deposit in Papua New Guinea into two stages as it seeks to reduce spending and improve returns. Newcrest, which jointly owns the project with South Africa's Harmony Gold Mining Ltd, said it had approved a feasibility study to first...

  • SYDNEY, Dec 15- Rio Tinto and BHP Billiton are amassing vast copper holdings in a push to capture a greater chunk of the $140 billion world market, apparently aiming to squeeze out high-cost producers just as they did in the global iron ore business. "For both companies, this is about wielding the greatest influence possible over the global marketplace," said Gavin...

  • LIMA, Dec 14- Workers at the Peruvian copper and zinc mine Antamina have ended a strike that began last Wednesday and will restart work on Monday, according to the mine owners. The mine is controlled by BHP Billiton and Glencore Xstrata, which have 33.75 percent stakes. Teck has a 22.5 percent interest, and Mitsubishi Corp has 10 percent.

  • Final Glance: Coal companies Friday, 12 Dec 2014 | 6:03 PM ET

    Arch Coal fell$. 13 or 7.5 percent, to $1.61. Consol Energy Inc. fell$. 98 or 2.8 percent, to $34.33. Peabody Energy fell$. 04 or. 5 percent, to $7.37.

  • Final Glance: Gold companies Friday, 12 Dec 2014 | 6:03 PM ET

    Barrick Gold Corp. fell$. 35 or 3.0 percent, to $11.47. Gold Fields fell$. 17 or 3.8 percent, to $4.29. Newmont Mining Corp. fell$. 52 or 2.7 percent, to $19.05.

  • Final Glance: Silver companies Friday, 12 Dec 2014 | 6:03 PM ET

    Hecla Mining Co. rose$. 01 or. 4 percent, to $2.56. Pan American Silver Corp. fell$. 07 or. 7 percent, to $9.76. Silver Standard Resources Inc. fell$. 08 or 1.5 percent, to $5.29.

  • WASHINGTON/ TORONTO, Dec 12- The U.S. Congress has cleared the way for global miners Rio Tinto and BHP Billiton to swap land with the government, which will allow them to build a long-delayed $6 billion copper mine in Arizona. The land swap, first proposed nine years ago, was tucked into the annual defense policy bill passed by the Senate on Friday and the House last...

  • Midday Glance: Coal companies Friday, 12 Dec 2014 | 1:18 PM ET

    Arch Coal fell$. 08 or 4.6 percent, to $1.66. Consol Energy Inc. fell$. 51 or 1.4 percent, to $34.80. Peabody Energy rose$. 13 or 1.8 percent, to $7.54.

  • Midday Glance: Gold companies Friday, 12 Dec 2014 | 1:18 PM ET

    NEW YORK— Shares of some top gold companies are down at 1 p.m.:. Barrick Gold Corp. fell$. 10 or. 8 percent, to $11.72. Newmont Mining Corp. fell$. 20 or 1.0 percent, to $19.37.

  • Midday Glance: Silver companies Friday, 12 Dec 2014 | 1:18 PM ET

    Hecla Mining Co. rose$. 08 or 3.1 percent, to $2.63. Pan American Silver Corp. rose$. 06 or. 6 percent, to $9.89. Silver Standard Resources Inc. rose$. 11 or 2.0 percent, to $5.48.

  • Early Glance: Coal companies Friday, 12 Dec 2014 | 10:31 AM ET

    Arch Coal fell$. 06 or 3.2 percent, to $1.68. Consol Energy Inc. fell$. 48 or 1.4 percent, to $34.83. Peabody Energy unchanged at $7.41.

  • Early Glance: Silver companies Friday, 12 Dec 2014 | 10:31 AM ET

    Hecla Mining Co. fell$. 01 or. 4 percent, to $2.54. Pan American Silver Corp. fell$. 15 or 1.6 percent, to $9.68. Silver Standard Resources Inc. fell$. 16 or 2.9 percent, to $5.21.

  • Early Glance: Gold companies Friday, 12 Dec 2014 | 10:31 AM ET

    NEW YORK— Shares of some top gold companies are down at 10 a.m.:. Barrick Gold Corp. fell$. 21 or 1.8 percent, to $11.61. Newmont Mining Corp. fell$. 18 or. 9 percent, to $19.39.

  • *ArcelorMittal booked block of iron ore trades in Sept. LONDON, Dec 12- Top steelmakers ArcelorMittal and Tata Steel are dipping their toes into iron ore derivatives, marking a crucial milestone in developing trade for the world's second-largest commodity after oil. Although the steelmakers continue to say publicly they do not use such products, sources said...

  • LONDON, Dec 12- Copper rose on Friday on hopes that China would unleash more stimulus measures after factory output growth slowed more than expected in the world' top metals consumer. China's economy showed further signs of fatigue in November, with factory growth slowing more than expected and investment expansion near a 13- year low, putting pressure on...

  • HAMBURG, Dec 12- Copper ore refining charges are likely to rise sharply in 2015 following initial contract settlements reported in China, the CEO of Europe's largest copper refiner Aurubis said on Friday. "I think the settlements in the new year will be around this overall level," said Aurubis CEO Bernd Drouven. Aurubis will also undertake a major maintenance and...

  • Final Glance: Gold companies Thursday, 11 Dec 2014 | 6:02 PM ET

    Barrick Gold Corp. fell$. 12 or 1.0 percent, to $11.82. Gold Fields rose$. 12 or 2.8 percent, to $4.46. Newmont Mining Corp. rose$. 12 or. 6 percent, to $19.57.