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  • NEW YORK/ LONDON, Oct 30- Gold dipped below $1,200 an ounce on Thursday and silver plunged 4 percent to its lowest since March 2010, a day after the U.S. Also weighing down on the precious metal complex was data showing weak price pressure in Germany and Spain. "Our sense is that there are still obviously more adjustments still to come in terms of real rates and the...

  • Oct 30- Mosaic Co on Thursday forecast record-high global phosphate and potash shipments in 2015 despite concerns that weak crop prices would reduce farmers' fertilizer purchases. Corn and wheat prices plunged this autumn to multiyear lows amid a huge but delayed U.S. harvest. Dan Basse, president of research company AgResource said on Wednesday in Winnipeg...

  • Concerns about slowing growth in Europe and a stronger dollar have helped push the price of light crude oil down about 25 percent since June to about $82 a barrel, creeping closer to the average marginal cost of crude production of about $73 a barrel for U.S. onshore work, according to a research note from Baird Equity Research. "The market is selling all of these...

  • HELSINKI, Oct 30- Finnish mining technology company Outotec reported a lower-than-expected third-quarter profit on Thursday and said it would cut jobs because low metal prices and the Ebola epidemic in resource-rich Africa were affecting its business. The disappointing third-quarter performance prompted the company to trim its full-year revenue...

  • LONDON, Oct 30- "Who's got all the copper?" The answer, according to the Wall Street Journal, is Red Kite, the specialist metals hedge fund set up by Michael Farmer, a man who was trading the copper market before many younger readers were born. Today's LME dominant positions report WHL> shows one entity owning 80 to 90 percent of "live" copper tonnage in the LME warehouse...

  • *China pledges to help consumption in six economic sectors. LONDON, Oct 30- Copper fell more than 1 percent on Thursday as the dollar rallied on strong U.S. growth data and the Federal Reserve's relatively hawkish tone on monetary policy. Three-month copper on the London Metal Exchange traded down 1.6 percent at $6,705 a tonne in official midday rings, having...

  • Oct 30- Coal miner Walter Energy Inc reported a smaller-than-expected loss in the third quarter as its cost cutting efforts paid off, sending the company's shares up 9 percent premarket. "In the challenging pricing environment for met coal, we remain focused on lowering production costs, reducing SG&A and improving productivity," Walter Energy's Chief...

  • RIO DE JANEIRO, Oct 30- Brazil's Vale posted a surprise loss of $1.44 billion on Thursday, hurt by a fall in the price of iron ore, higher production costs and a weakening Brazilian currency. Iron ore cash costs were also higher than analysts had expected, while Vale said the weakening Brazilian real wiped nearly $2 billion off its earnings by increasing the cost of...

  • Oct 30- Coal miner Walter Energy Inc reported a smaller loss in the third quarter as its cost cutting efforts paid off. Net loss narrowed to $98.9 million, or $1.48 per share in the quarter ended Sept. 30, from $100.7 million, or $1.61 per share, a year earlier. Revenue fell 28 percent to $329.5 million hurt by lower steelmaking coal prices.

  • *China pledges to help consumption in six economic sectors. *China copper smelters see higher fees as mine supply rises. LONDON, Oct 30- Copper fell more than 1 percent on Thursday as the dollar rallied after the U.S.

  • RIO DE JANEIRO, Oct 30- Brazil's Vale on Thursday posted a net loss of $1.44 billion for the third quarter, well below forecasts, hurt by a fall in the price of iron ore and a weakening Brazilian currency. The spot price of iron ore has fallen more than 40 percent this year as vast new production from Australia coincided with slower growth in China.

  • *Accidents at Nagoya plant cut FY2014 profit by Y24 bln. TOKYO, Oct 30- Nippon Steel& Sumitomo Metal Corp, Japan's biggest steelmaker, said on Thursday its first-half recurring profit rose 1.5 percent as lower material costs boosted margins and offset appraisal losses on its high-priced stockpiles. But we are keeping our full-year forecast as accidents at the...

  • SYDNEY, Oct 30- London copper led other metals lower on Thursday, after encouraging comments by U.S. monetary officials on the state of the world's top economy sparked a dollar rally, which weighed on commodities. *Three-month copper on the London Metal Exchange slipped 0.5 percent to $6,779 a tonne by 0139 GMT, after ending slightly firmer in the previous session...

  • Barrick, the world's biggest gold producer by output, said it now expects its all-in sustaining costs to come in between $880 and $920 per ounce of gold this year, down from a previously expected range of $900 to $940 an ounce. The company said its net earnings fell to $125 million, or 11 cents a share, in the quarter to end-September from $172 million, or 17 cents a share,...

  • RIO DE JANEIRO, Oct 29- Wednesday's earnings conference call for Brazilian steelmaker Usiminas was most notable for the absence of any comments or questions on perhaps the biggest issues currently facing the company. The dispute between controlling shareholders and who would lead the company were not mentioned on the call, neither by analysts nor by...

  • Oct 29- Canadian oil sands producer MEG Energy is considering applying for a license to re-export Canadian crude from the U.S. Gulf Coast, chief executive officer Bill McCaffrey said on Wednesday. MEG has committed capacity of up to 100,000 barrels-per-day on Enbridge's new Flanagan South pipeline, which will link up with the Seaway pipeline to transport...

  • Oct 29- Canadian uranium producer Cameco Corp said it expected full-year revenue to fall up to 5 percent as it trims production to account for labor issues at its mines. Cameco trimmed its 2014 uranium production forecast to between 22.6 million-22.8 million pounds, from 22.8 million- 23.3 million pounds. Cameco, which has contracts at prices above the spot...

  • Oct 29- Canadian oil sands producer MEG Energy Corp reported weaker-than-expected quarterly revenue and operating profit due to lower realized prices for bitumen and higher operating costs. Realized prices for bitumen fell to C $65.12 per barrel in the third quarter from C $74.33 a year earlier, while net operating costs rose to C $10.31 per barrel from C...

  • Oct 29- Canadian miner Teck Resources Ltd reported a 68.5 percent drop in quarterly earnings on Wednesday, hurt by lower prices for steelmaking coal and a fall in copper production. But the company, which is also one of the world's biggest producers of zinc, raised its full-year production forecast for the metal for the second time this year due to the strong...

  • Oct 29- Canadian diversified miner Teck Resources Ltd reported a 68.5 percent drop in quarterly earnings on Wednesday, hurt by lower prices for steelmaking coal. Net profit attributable to shareholders fell to C $84 million, or 14 Canadian cents per share, in the third quarter ended Sept. 30 from C $267 million, or 46 Canadian cents per share, a year earlier.