LONDON, Sept 1- Palladium rose above $900 an ounce on Monday to a 13-1/ 2- year high on fears that possible Western sanctions against Russia over the Ukraine crisis could hit supply from the world's largest producer, while gold nudged higher.» Read More
*Palladium- backed fund shows hefty outflow; prices up. NEW YORK/ LONDON, Aug 27- Spot gold edged up on Wednesday as a lower dollar and lingering geopolitical tensions helped offset selling pressure from a record rally in U.S. equities.
RIO DE JANEIRO, Aug 27- Brazil's new mining code, a flagship policy of President Dilma Rousseff first announced in 2009, is unlikely to be passed before next year and could be ditched entirely if the government changes in upcoming elections, industry insiders say.
NEW YORK— Shares of some top gold companies are mixed at 10 a.m.:. Barrick Gold Corp. fell$. 02 or. 1 percent, to $18.18. Newmont Mining Corp. rose$. 14 or. 5 percent, to $26.65.
Hecla Mining Co. rose$. 02 or. 6 percent, to $3.26. Pan American Silver Corp. fell$. 06 or. 4 percent, to $14.03. Silver Standard Resources Inc. rose$. 08 or. 9 percent, to $9.31.
Arch Coal rose$. 02 or. 6 percent, to $3.20. Consol Energy Inc. rose$. 43 or 1.1 percent, to $40.17. Peabody Energy rose$. 12 or. 7 percent, to $15.91.
WINNIPEG, Manitoba, Aug 27- Canadian uranium miner Cameco Corp said on Wednesday that it would shut down the world's biggest uranium mine at McArthur River, Saskatchewan, as well as the Key Lake mill after the United Steelworkers union said workers planned to strike starting Saturday.
LONDON, Aug 27- The spot iron ore market is sinking under the weight of new supply. The benchmark price for 62 percent iron ore as assessed by the Steel Index has just fallen below the $89 per tonne level for the first time since September 2012.
*Dollar sets 13- month high, euro struggles. LONDON, Aug 27- Copper fell on Wednesday as a firm dollar and the prospect of increasing supply of the metal offset growing confidence in U.S. economic growth.
JAKARTA, Aug 27- Indonesia wants copper miners Newmont Mining Corp and Freeport-McMoRan Inc to hammer out a deal on concentrate supply for an upcoming smelter before allowing Newmont to resume exports, a mining ministry official said on Wednesday.
*Newmont withdraws international arbitration against Indonesia. SYDNEY, Aug 27- The prospect of increased supply pushed London copper down on Wednesday from a three-week high hit in the previous session but growing confidence in U.S. economic growth kept a floor under prices.
LAUNCESTON, Australia, Aug 27- China has in recent years been viewed as the main driver of the global copper market, and while its influence remains strong, it's possible that the rest of the world will take over in the short term.
*Newmont withdraws international arbitration against Indonesia. SYDNEY, Aug 27- London copper was steady on Wednesday after hitting a three-week high in the previous session on signs of growing strength in the U.S. economic recovery, although expectations of higher supply curbed gains.
SYDNEY, Aug 27- London copper steadied down from a three week high hit the session before on Wednesday amid expectations of improving supply after signs that miner Newmont may get permission to restart concentrate exports from Indonesia.
Arch Coal rose$. 05 or 1.6 percent, to $3.18. Consol Energy Inc. rose$. 35 or. 9 percent, to $39.74. Peabody Energy rose$. 06 or. 4 percent, to $15.79.
Barrick Gold Corp. rose$. 24 or 1.3 percent, to $18.25. Gold Fields rose$. 21 or 4.9 percent, to $4.46. Newmont Mining Corp. rose$. 52 or 2.0 percent, to $26.50.
Hecla Mining Co. rose$. 08 or 2.5 percent, to $3.24. Pan American Silver Corp. rose$. 33 or 2.4 percent, to $14.09. Silver Standard Resources Inc. rose$. 44 or 5.0 percent, to $9.23.
Arch Coal rose$. 05 or 1.4 percent, to $3.18. Consol Energy Inc. rose$. 43 or 1.1 percent, to $39.82. Peabody Energy rose$. 04 or. 3 percent, to $15.77.
NEW YORK— Shares of some top gold companies are up at 1 p.m.:. Barrick Gold Corp. rose$. 08 or. 4 percent, to $18.09. Newmont Mining Corp. rose$. 39 or 1.5 percent, to $26.37.
Hecla Mining Co. rose$. 05 or 1.6 percent, to $3.21. Pan American Silver Corp. rose$. 13 or. 9 percent, to $13.89. Silver Wheaton rose$. 13 or. 5 percent, to $24.57.
Bachelet, who took power in March, is pushing a wide range of reforms through Congress aimed at addressing inequality in Chile. Most crucial copper workers in Chile belong to local plant unions, who are not taking part in the strike, although Ahumada said it would be difficult for the mines to run normally without the contract workers.