GEORGETOWN, Guyana— Guyana's environment ministry says the country saw less deforestation in 2013 thanks to a decrease in gold mining activity. Gold mining commonly requires companies to clear forests. Guyana already has lost $20 million of that funding because of increased deforestation in 2012..» Read More
Nucor said on Monday it would buy Gallatin Steel, the U.S. joint venture between ArcelorMittal and Gerdau, for $770 million to expand into flat-rolled steel market in the growing pipe and tube business. In the current quarter ending Sept. 30, Nucor also expects to gain from write down of assets and high levels of imports due to downward pressure on pricing.
Sept 17- Steelmaker Nucor Corp said it expects higher third-quarter profit, citing a rise in profitability from some steel products. The company forecast third-quarter profit of 70- 75 cents per share. It posted a profit of 46 cents per share for the third quarter last year.
NEW YORK, Sept 17- Auxilium Pharmaceuticals shares surged in brisk premarket trading Wednesday, a day after receiving an unsolicited offer from Endo International. Analysts said the offer could complicate Auxilium's buyout of Canadian eye drug maker QLT Inc, whose U.S. shares were down 11.3 percent in light trading.
LONDON, Sept 17- Indonesia's tin exports slumped to a one-year low of 3,595 tonnes in August. And they are set to fall further in September. This sort of price support action from Indonesia is becoming part and parcel of the global tin market.
*Report of targeted stimulus to big China banks. LONDON, Sept 17- Copper edged up on Wednesday on a report that China's central bank will provide the country's biggest banks with fresh loans to bolster the economy of the world's largest metals consumer.
LAUNCESTON, Australia, Sept 17- Who to believe? In theory, the Chinese ban from the start of 2015 on coal imports above certain ash and sulphur contents appears to favour Indonesia, the world's biggest shipper of thermal coal, over Australia, the world's top exporter of metallurgical coal and number two for thermal coal.
MELBOURNE, Sept 17- London copper climbed on Wednesday to near its highest in a week as the market edged away from expectations that the Federal Reserve would bring forward its timeline to raise interest rates at its meeting this week. *The most-traded November copper contract on the Shanghai Futures Exchange rallied 2.1 percent to 49,590 yuan a tonne.
Arch Coal fell$. 09 or 3.1 percent, to $2.77. Consol Energy Inc. fell$. 07 or. 2 percent, to $38.83. Peabody Energy rose$. 35 or 2.5 percent, to $14.47.
Hecla Mining Co. fell$. 01 or. 3 percent, to $2.87. Pan American Silver Corp. rose$. 05 or. 4 percent, to $12.71. Silver Standard Resources Inc. rose$. 06 or. 8 percent, to $7.48.
Barrick Gold Corp. rose$. 13 or. 8 percent, to $16.57. Gold Fields rose$. 04 or. 9 percent, to $4.45. Newmont Mining Corp. rose$. 02 or. 1 percent, to $25.04.
Stung by slower growth in China, global miners have reined in expansion plans and brought in new management to sell assets and drive their mines harder, raising hopes that BHP Billiton alone could hand back up to $8 billion to investors.
BEIJING, Sept 17- Nearly four years after a massive state-run steel mill on the outskirts of Beijing was closed to help cut smog in the Chinese capital, little has been done to clean up the contaminated site.
Ed Markey said the Interior Department moved too slowly on promised reforms since the Democrat raised concerns earlier this year that "bargain-basement" lease sales to a handful of mining companies might have cost taxpayers $200 million or more.
Arch Coal fell$. 08 or 2.8 percent, to $2.78. Consol Energy Inc. rose$. 35 or. 9 percent, to $39.25. Peabody Energy rose$. 21 or 1.5 percent, to $14.33.
NEW YORK— Shares of some top gold companies are up at 1 p.m.:. Barrick Gold Corp. rose$. 12 or. 7 percent, to $16.56. Newmont Mining Corp. rose$. 10 or. 4 percent, to $25.12.
Pan American Silver Corp. rose$. 04 or. 3 percent, to $12.70. Silver Standard Resources Inc. rose$. 09 or 1.2 percent, to $7.51. Silver Wheaton rose$. 22 or 1.0 percent, to $23.05.
RUSTENBURG, South Africa, Sept 16- South African platinum miner Vincent Nyeleka has just moved up in the world, leaving behind a cramped hovel that he rented for a new, three-bedroom house he can call his own.
NEW YORK— Shares of some top gold companies are down at 10 a.m.:. Barrick Gold Corp. fell$. 12 or. 7 percent, to $16.33. Newmont Mining Corp. fell$. 17 or. 7 percent, to $24.85.
Arch Coal fell$. 08 or 2.8 percent, to $2.78. Consol Energy Inc. fell$. 01 or percent, to $38.89. Peabody Energy fell$. 02 or. 1 percent, to $14.10.
Hecla Mining Co. fell$. 01 or. 5 percent, to $2.87. Pan American Silver Corp. fell$. 13 or 1.0 percent, to $12.53. Silver Standard Resources Inc. fell$. 11 or 1.4 percent, to $7.32.