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Metals and Mining

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  • *Rio CEO says no benefit to Australia in Fortescue plan. MELBOURNE, March 26- The head of the world's second-largest iron ore miner dismissed as "harebrained" a suggestion by smaller rival Fortescue Metals Group that miners should cap output of the steelmaking raw material to boost prices. Rio Tinto Chief Executive Sam Walsh said on Thursday there would be no...

  • *Rio CEO says no benefit to Australia in Fortescue plan. MELBOURNE, March 26- The head of the world's second-largest iron ore miner dismissed suggestions from smaller rival Fortescue Metals Group that miners should cap output of the steelmaking raw material to boost prices. Rio Tinto Chief Executive Sam Walsh said there would be no benefit to Australia from...

  • MELBOURNE, March 26- Rio Tinto Chief Executive Sam Walsh said putting a cap on iron ore production was not in Australia's national interest, dismissing a suggestion it could help lift the traded price of the steelmaking commodity.

  • JX shuts Caserones copper ops in Chile due to bad weather Wednesday, 25 Mar 2015 | 10:22 PM ET

    TOKYO, March 26- Japan's JX Nippon Mining& Metals, a subsidiary of JX Holdings Inc, said on Thursday its Caserones copper mine in northern Chile had been shut due to bad weather. Caserones is 77.37 percent- owned by Japan's top copper smelter, Pan Pacific Copper, a business controlled by JX Nippon Mining& Metals. Torrential downpours in the north of Chile, the world's...

  • SYDNEY, March 26- London copper was steady on Thursday after a raft of weather-related mine closures in top producer Chile underpinned prices, but clouds over China's growth prospects curbed upside momentum. Prices hit the highest since Jan. 5 at $6,203.50 a tonne on Tuesday on prospects the United States might delay a hotly anticipated rate hike until later...

  • March 26- Polish miner KHGM has shut its Sierra Gorda copper operations in northern Chile due to heavy rain and fog, but hopes to restart them soon, a company spokeswoman said.

  • SANTIAGO, March 25- Torrential downpours in the north of Chile, the world's biggest copper producer, have forced companies to suspend operations at several of the area's major mines, putting an estimated 1.5 million tonnes of capacity of the red metal on hold. World No. 1 copper miner Codelco suspended mining operations at its Chuquicamata, Ministro Hales,...

  • Final Glance: Silver companies Wednesday, 25 Mar 2015 | 6:03 PM ET

    Hecla Mining Co. fell$. 06 or 1.8 percent, to $3.23. Pan American Silver Corp. rose$. 02 or. 2 percent, to $9.46. Silver Standard Resources Inc. fell$. 07 or 1.3 percent, to $5.17.

  • Final Glance: Gold companies Wednesday, 25 Mar 2015 | 6:03 PM ET

    Barrick Gold Corp. fell$. 01 or. 1 percent, to $11.36. Gold Fields Ltd ADS rose$. 01 or. 2 percent, to $4.39. Newmont Mining Corp. fell$. 38 or 1.7 percent, to $22.48.

  • Final Glance: Coal companies Wednesday, 25 Mar 2015 | 6:03 PM ET

    Arch Coal rose$. 01 or 1.0 percent, to $1.04. Consol Energy Inc. rose$. 72 or 2.5 percent, to $29.02. Peabody Energy fell$. 13 or 2.0 percent, to $6.35.

  • SANTIAGO, March 25- The world's number-one copper miner Codelco has suspended all mining operations in the north of Chile due to the state of roads and mine access following heavy rains in the area, the state-run firm told Reuters on Wednesday. Codelco said mining operations at Chuquicamata, Ministro Hales, Radomiro Tomic, Gabriela Mistral, and Salvador had all...

  • Midday Glance: Coal companies Wednesday, 25 Mar 2015 | 1:43 PM ET

    Arch Coal rose$. 01 or 1.0 percent, to $1.04. Consol Energy Inc. rose$. 36 or 1.3 percent, to $28.66. Peabody Energy fell$. 08 or 1.2 percent, to $6.40.

  • Midday Glance: Gold companies Wednesday, 25 Mar 2015 | 1:43 PM ET

    NEW YORK— Shares of some top gold companies are mixed at 1 p.m.:. Barrick Gold Corp. rose$. 01 or. 1 percent, to $11.38. Newmont Mining Corp. fell$. 11 or. 5 percent, to $22.76.

  • Midday Glance: Silver companies Wednesday, 25 Mar 2015 | 1:43 PM ET

    Hecla Mining Co. fell$. 01 or. 5 percent, to $3.28. Pan American Silver Corp. rose$. 10 or 1.1 percent, to $9.54. Silver Standard Resources Inc. rose$. 01 or. 2 percent, to $5.25.

  • Early Glance: Coal companies Wednesday, 25 Mar 2015 | 11:55 AM ET

    Arch Coal rose$. 04 or 3.9 percent, to $1.07. Consol Energy Inc. rose$. 45 or 1.6 percent, to $28.75. Peabody Energy rose$. 09 or 1.4 percent, to $6.57.

  • Early Glance: Silver companies Wednesday, 25 Mar 2015 | 11:55 AM ET

    Hecla Mining Co. fell$. 01 or. 3 percent, to $3.28. Pan American Silver Corp. rose$. 13 or 1.4 percent, to $9.57. Silver Standard Resources Inc. rose$. 06 or 1.1 percent, to $5.30.

  • Early Glance: Gold companies Wednesday, 25 Mar 2015 | 11:55 AM ET

    NEW YORK— Shares of some top gold companies are mixed at 10 a.m.:. Barrick Gold Corp. rose$. 13 or 1.1 percent, to $11.50. Newmont Mining Corp. rose$. 23 or 1.0 percent, to $23.09.

  • LONDON, March 25- Nickel was the obvious stand-out in China's February metals trade figures. All of which suggests that supply stresses in China's giant nickel pig iron sector are accumulating. The bulls got badly burnt last year, a supercharged rally going into reverse as Philippine ore supply surged to fill the Indonesian gap, providing China's NPI producers...

  • March 25- United States Steel Corp said it would consolidate its North American flat-rolled operations and temporarily idle its operations at Granite City, Illinois, citing weak demand and falling steel prices. A stronger dollar has made imports cheaper and steel from China has been flooding the U.S. market in the past few quarters, hurting prices and leading...

  • *China import tariffs 24.3-25.2 pct, for Taiwan 10.9-12 pct. BRUSSELS, March 25- The European Union will impose anti-dumping duties from Thursday on imports of cold-rolled stainless steel sheet from China and Taiwan, according to a notice on Wednesday in the EU's Official Journal. Eurofer has said China and Taiwan shipped 620 million euros of cold-rolled...