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.» Read More
Barrick Gold Corp. fell $1.06 or 5.2 percent, to $19.44. Gold Fields Ltd ADS fell$. 27 or 4.3 percent, to $6.06. Newmont Mining Corp. fell$. 94 or 2.9 percent, to $31.57.
Hecla Mining Co. fell$. 07 or 2.2 percent, to $3.10. Pan American Silver Corp. fell$. 47 or 3.8 percent, to $11.95. Silver Standard Resources Inc. fell$. 25 or 3.7 percent, to $6.49.
Arch Coal fell$. 04 or. 8 percent, to $4.96. Consol Energy Inc. rose$. 01 or percent, to $33.96. Peabody Energy rose$. 36 or 1.8 percent, to $20.13.
OTTAWA, May 15- The Canadian province of Quebec, citing public concerns, unveiled a bill on Wednesday to impose a moratorium on hydraulic fracturing, known as fracking, in a region rich in shale gas deposits. It would ban gas exploration and extraction in the Lowlands region of the St Lawrence River, site of the rich Utica and Lorraine shale gas formations.
"We take a long-term view that demand for potash will resume," EuroChem CFO Andrey Ilyin said on the sidelines of the BMO Farm to Market conference in New York, after giving a presentation. "
WASHINGTON, May 15- More than 80 percent of the world's major oil and gas-producing and mining countries fail to meet "satisfactory standards" for managing their natural resources, according to a report tracking global resource mismanagement and corruption.
NEW YORK-- Shares of some top gold companies are down at 1 p.m.:. Barrick Gold Corp. fell$. 64 or 3.1 percent, to $19.86. Newmont Mining Corp. fell$. 80 or 2.5 percent, to $31.71.
Hecla Mining Co. fell$. 04 or 1.3 percent, to $3.13. Pan American Silver Corp. fell$. 42 or 3.4 percent, to $12.00. Silver Standard Resources Inc. fell$. 26 or 3.9 percent, to $6.48.
Arch Coal rose$. 01 or. 2 percent, to $5.01. Consol Energy Inc. rose$. 26 or. 8 percent, to $34.21. Peabody Energy rose$. 35 or 1.8 percent, to $20.12.
*Industry cuts will help lift price above $2,000/ tonne. *China market in balance, little likelihood of exports soon. RUSAL estimates a fifth of global production outside China is loss-making, even with demand expected to grow 6 to 7 percent in 2013..
Cameco Resources is a subsidiary of Saskatoon, Saskatchewan- based Cameco Corp., one of the world's largest uranium producers. The new mine is part of an aggressive expansion program by Cameco amid a soft uranium market. Cameco plans to open five more uranium mines _ two in Wyoming and three in Nebraska _ over the next few years.
*China expected to spend less on steel. LONDON, May 15- Banks are withdrawing from Europe's troubled steel sector, putting the survival of even some of the most established industry players at risk and forcing companies to seek alternative funding sources.
Hecla Mining Co. fell$. 05 or 1.5 percent, to $3.12. Pan American Silver Corp. fell$. 19 or 1.5 percent, to $12.23. Silver Standard Resources Inc. fell$. 07 or 1.0 percent, to $6.67.
Arch Coal rose$. 01 or. 2 percent, to $5.01. Consol Energy Inc. fell$. 27 or. 8 percent, to $33.68. Peabody Energy rose$. 04 or. 2 percent, to $19.81.
NEW YORK-- Shares of some top gold companies are down at 10 a.m.:. Barrick Gold Corp. fell$. 19 or. 9 percent, to $20.31. Newmont Mining Corp. fell$. 33 or 1.0 percent, to $32.18.
FRANKFURT, May 15- German steelmaker ThyssenKrupp took another writedown on the value its Steel Americas business, driving it to an unexpected quarterly loss but raising hopes it is closer to selling the troubled asset. At 0820 GMT, ThyssenKrupp shares were up 4 percent at 15.715 euros, among the biggest rises by a European blue-chip stock.
SINGAPORE, May 15- London copper fell to its lowest in more than a week on Wednesday, as weak European growth data hurt the euro, while dimming prospects for demand growth in top metals consumer China hurt the outlook for metals.
KABUL, May 15- U.S. forces in Afghanistan are hoping that a small steel industry can be born from the mammoth task of withdrawing equipment by the end of next year, jump-starting a scrap trade and injecting cash into local businesses.
WASHINGTON, May 15- Over 80 percent of the world's major oil and gas-producing and mining countries fail to meet "satisfactory standards" for managing their natural resources, according to a new report that tracks resource mismanagement and corruption.
*MSCI Asia-Pacific ex- Japan slips 0.2 pct. SINGAPORE, May 15- Asian share markets were mixed on Wednesday, with Australian equities dented by weakness in mining firms while Tokyo stocks surged to a 5-1/ 2- year high as Japanese exporters rallied after the yen's recent slide.