Arch Coal fell$. 20 or 4.5 percent, to $4.27. Consol Energy Inc. fell$. 69 or 1.9 percent, to $36.59. Peabody Energy fell$. 33 or 1.7 percent, to $18.64.» Read More
Barrick Gold Corp. fell$. 03 or. 2 percent, to $15.51. Gold Fields Ltd ADS fell$. 08 or 2.1 percent, to $3.79. Newmont Mining Corp. fell$. 25 or 1.1 percent, to $23.38.
Hecla Mining Co. fell$. 05 or 1.8 percent, to $2.72. Pan American Silver Corp. fell$. 08 or. 8 percent, to $10.08. Silver Standard Resources Inc. rose$. 20 or 3.4 percent, to $5.87.
Arch Coal rose$. 07 or 1.7 percent, to $4.29. Consol Energy Inc. rose$. 32 or. 9 percent, to $36.48. Peabody Energy rose$. 13 or. 7 percent, to $18.44.
Asia has long been the fastest growing demand region for the raw materials to power economic growth, but has mostly priced the purchases against benchmarks like Brent crude, London Metal Exchange copper or New York cotton.
Dec 3- Canadian potash producer Agrium Inc said on Tuesday that it is not planning job cuts at its Vanscoy, Saskatchewan, mine, even after larger fertilizer rival Potash Corp of Saskatchewan revealed plans to slash staff.
Pan American Silver Corp. fell$. 03 or. 3 percent, to $10.13. Silver Standard Resources Inc. fell$. 01 or. 3 percent, to $5.66. Silver Wheaton fell$. 23 or 1.2 percent, to $19.40.
Arch Coal rose$. 19 or 4.5 percent, to $4.41. Consol Energy Inc. rose$. 49 or 1.4 percent, to $36.65. Peabody Energy rose$. 25 or 1.4 percent, to $18.56.
NEW YORK-- Shares of some top gold companies are down at 10 a.m.:. Barrick Gold Corp. fell$. 02 or. 1 percent, to $15.52. Newmont Mining Corp. fell$. 23 or 1.0 percent, to $23.40.
*Gold prices slide to lowest since early July. *Gold coin sales from U.S., Perth Mints fell last month. LONDON, Dec 3- Gold prices hit their lowest since early July on Tuesday after U.S. data fuelled expectations that the Federal Reserve is set to taper its monetary stimulus, curbing investment interest in the precious metal.
MADISON, Wis.-- A company looking to dig a huge iron mine in far northwestern Wisconsin has submitted a scaled-down sampling plan that would make blasting a last resort. Gogebic Taconite originally wanted to remove 4,000 tons of rock from five sites in the Penokee Hills. The company planned to use excavation equipment or explosives.
*EuroSTOXX 50 has strong support around 3,000- Commerzbank. *U.S. investors bet on Europe outperformance-RBC CM. Mexican precious metals miner Fresnillo and Africa- focused miner Randgold were also among the top fallers in Europe, off 3.7 and 3.9 percent respectively.
MELBOURNE, Dec 3- Rio Tinto said on Tuesday the global miner expects to halve capital spending to $8 billion by 2015 from last year's level to cut debt, as commodities' prices remain fragile. To deal with the tougher conditions, the company has stripped out $2.6 billion in costs so far this year, including nearly halving exploration spending to around $850 million.
SINGAPORE, Dec 3- London copper was stuck close to its lowest in nearly two weeks on Tuesday after surprisingly robust U.S. factory data bolstered expectations the Federal Reserve could trim its commodity-friendly stimulus before year-end. *London copper prices hit their lowest since 21 November at $6,965 a tonne on Monday.
Arch Coal rose$. 14 or 3.4 percent, to $4.22. Consol Energy Inc. rose$. 58 or 1.6 percent, to $36.16. Peabody Energy rose$. 11 or. 6 percent, to $18.31.
Barrick Gold Corp. fell$. 95 or 5.8 percent, to $15.54. Gold Fields Ltd ADS fell$. 14 or 3.5 percent, to $3.87. Newmont Mining Corp. fell $1.00 or 4.0 percent, to $23.83.
Hecla Mining Co. fell$. 18 or 6.1 percent, to $2.77. Pan American Silver Corp. fell$. 63 or 5.8 percent, to $10.16. Silver Standard Resources Inc. fell$. 29 or 4.9 percent, to $5.68.
Rio also forecast a resurgence in steel demand in China, its biggest customer for iron ore, estimating demand growth at 7.5 percent this year. The world's no.2 iron ore miner plans to cut capital spending to $11 billion in 2014 from just under $14 billion this year, and sees capital spending at $8 billion in 2015..
*Forest Labs rallies after comments; 3 M falls after downgrade. NEW YORK, Dec 2- U.S. stocks closed lower on Monday, with investors unable to find new reasons to keep pushing shares higher after eight straight weeks of gains, while the mining sector slid alongside sharp drops in precious metals prices.
NEW YORK, Dec 2- U.S. stocks closed lower on Monday, with investors unable to find new reasons to keep pushing the market higher after eight straight weeks of gains, while mining companies' shares fell alongside a slide in precious metal prices. The Dow Jones industrial average fell 77.83 points, or 0.48 percent, to end unofficially at 16,008.71.
Hecla Mining Co. fell$. 13 or 4.4 percent, to $2.82. Pan American Silver Corp. fell$. 53 or 4.9 percent, to $10.26. Silver Standard Resources Inc. fell$. 30 or 5.0 percent, to $5.67.