Metals and Mining
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Arch Coal rose$. 08 or 1.6 percent, to $5.09. Consol Energy Inc. rose$. 69 or 2.0 percent, to $34.66. Peabody Energy rose$. 30 or 1.5 percent, to $20.51.
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Barrick Gold Corp. rose$. 03 or. 2 percent, to $18.61. Gold Fields fell$. 11 or 1.9 percent, to $5.70. Newmont Mining Corp. rose$. 06 or. 2 percent, to $30.69.
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*Gold companies' shares drop, rand also under pressure. JOHANNESBURG, May 20- Big wage hikes demanded by the government-allied trade union in South Africa's coal and gold industries helped push the rand to a four-year low on Monday, highlighting the ripple effect of the prospect of more turmoil in the industry.
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Peter Attard Montalto, emerging market economist at Nomura International, talks about the South African mining sector, the potential rise of further union unrest and the impact it would have on the country's economy.
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Stan Shamu, Market Strategist at IG Markets says the yield play continues to be the dominant theme in Australia as the mining sector goes through a downgrade cycle.
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HOUSTON/ NEW YORK, May 20- For the past three years, the boom in the U.S. shale oil industry has outstripped all expectations. News from two of the country's less developed shale plays in Colorado and Ohio last week offer a reality check for the wave of euphoria that has washed across the industry.
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SINGAPORE, May 20- London copper slipped on Monday after a jump in U.S. consumer confidence raised prospects the country could begin trimming its bond-buying program, eroding metals' allure for investors, against a backdrop of slowing growth in top consumer China.
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HONG KONG, May 20- Hong Kong shares were set to start at their highest in more than a week on Monday, with index gains helped by a 4.4 percent climb for China Coal Energy as markets returned from a public holiday last Friday. The Hang Seng Index was expected to open up 1.2 percent at 23,348.7, its highest since May 9.
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*ENRC, Bumi among those expected to testify. LONDON, May 19- Britain's parliament will this week consider whether to probe the transparency of oil and mining firms listed in London, an issue highlighted by corruption probes at emerging market miners which lawmakers fear have dented the stock market's reputation.
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JAKARTA, May 18- Freeport McMoRan Copper& Gold Inc said on Saturday that rockfalls were hampering rescue efforts after a tunnel collapse four days ago at its giant Indonesian copper mine, with hopes fading of finding alive any of the 23 still missing.
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Arch Coal rose$. 05 or 1.0 percent, to $5.01. Consol Energy Inc. rose$. 33 or 1.0 percent, to $33.97. Peabody Energy rose$. 07 or. 3 percent, to $20.21.
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Barrick Gold Corp. fell$. 68 or 3.5 percent, to $18.58. Gold Fields Ltd ADS fell$. 32 or 5.2 percent, to $5.81. Newmont Mining Corp. fell$. 80 or 2.5 percent, to $30.63.
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Hecla Mining Co. fell$. 05 or 1.6 percent, to $3.17. Pan American Silver Corp. fell$. 34 or 2.8 percent, to $11.74. Silver Standard Resources Inc. fell$. 22 or 3.4 percent, to $6.30.
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Hecla Mining Co. fell$. 02 or. 6 percent, to $3.20. Pan American Silver Corp. fell$. 20 or 1.6 percent, to $11.89. Silver Standard Resources Inc. fell$. 19 or 2.9 percent, to $6.33.
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NEW YORK-- Shares of some top gold companies are down at 1 p.m.:. Barrick Gold Corp. fell$. 42 or 2.2 percent, to $18.84. Newmont Mining Corp. fell $1.04 or 3.3 percent, to $30.39.
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Arch Coal rose$. 02 or. 4 percent, to $4.98. Consol Energy Inc. rose$. 05 or. 1 percent, to $33.69. Peabody Energy fell$. 05 or. 2 percent, to $20.09.
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LONDON, May 17- South Africa's mining industry can ill afford to offer wage rises during talks that are about to start with a new and unpredictable union, so it may well face fresh strikes, Impala Platinum said on Friday.
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Colin Hamilton, global head of commodities at Macquarie Group, tells CNBC that gold is being driven lower by a very strong dollar and continued ETF outflows.
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NEW YORK-- Shares of some top gold companies are down at 10 a.m.:. Barrick Gold Corp. fell$. 27 or 1.4 percent, to $18.99. Newmont Mining Corp. fell$. 74 or 2.4 percent, to $30.69.
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Arch Coal rose$. 10 or 2.0 percent, to $5.06. Consol Energy Inc. rose$. 36 or 1.1 percent, to $34.00. Peabody Energy rose$. 09 or. 4 percent, to $20.23.