CHARLESTON, W.Va.— From Boone County banker Lee Milam's experience, each round of coal mine layoffs that hits southern West Virginia stifles his community's already-fragile economy. Coal giant Alpha Natural Resources revealed plans to shed 1,100 workers at 11 West Virginia surface mines and related operations by mid-October.» Read More
Barrick Gold Corp. rose$. 01 or. 1 percent, to $18.69. Gold Fields rose$. 03 or. 7 percent, to $4.07. Newmont Mining Corp. rose$. 49 or 1.9 percent, to $25.64.
Arch Coal fell$. 03 or 1.0 percent, to $2.86. Consol Energy Inc. fell$. 07 or. 2 percent, to $39.94. Peabody Energy rose$. 16 or 1.1 percent, to $15.15.
NEW YORK— Shares of some top gold companies are mixed at 1 p.m.:. Barrick Gold Corp. fell$. 13 or. 7 percent, to $18.55. Newmont Mining Corp. rose$. 25 or 1.0 percent, to $25.40.
Hecla Mining Co. fell$. 06 or 1.8 percent, to $3.25. Pan American Silver Corp. fell$. 05 or. 3 percent, to $14.95. Silver Standard Resources Inc. rose$. 12 or 1.3 percent, to $9.38.
Arch Coal fell$. 05 or 1.7 percent, to $2.84. Consol Energy Inc. fell$. 05 or. 1 percent, to $39.96. Peabody Energy rose$. 15 or 1.0 percent, to $15.14.
*Freeport expected to export 756,000 T copper concentrate. LONDON, July 28- Copper was steady on Monday as investors weighed increased supply from Indonesia against prospects for higher demand, while lead was near a 1-1/ 2 year high, tracking related metal zinc.
Hecla Mining Co. fell$. 03 or. 9 percent, to $3.28. Pan American Silver Corp. fell$. 10 or. 7 percent, to $14.90. Silver Wheaton fell$. 17 or. 6 percent, to $26.55.
NEW YORK— Shares of some top gold companies are mixed at 10 a.m.:. Barrick Gold Corp. fell$. 11 or. 6 percent, to $18.57. Newmont Mining Corp. unchanged at $25.15.
Arch Coal unchanged at $2.89. Consol Energy Inc. rose$. 06 or. 1 percent, to $40.07. Peabody Energy rose$. 11 or. 7 percent, to $15.10.
Concerns about the potentially dangerous impact of hydraulic fracturing, or fracking, in the search for shale gas has prompted protests in Britain and outright bans on the practice in France and elsewhere.
LONDON, July 28- Copper was little changed on Monday as investors weighed increased supply from Indonesia versus prospects for better demand, while lead was near a 1-1/ 2 year top, catching up with recent gains in its sister-metal zinc.
LONDON— Energy firms will be able to bid for licenses Monday to explore for shale gas in Britain, three years after the controversial fracking process caused seismic tremors which led the government to suspend operations.
--Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, July 28- One thing has become clear from the latest production reports from the big three iron ore miners: They appear intent on ensuring their dominance by boosting low-cost output.
NEWPORT NEWS, Va.— NEWPORT NEWS, Va.— Coal from Appalachia rumbles into this port city, 150 railroad cars at a time, bound for the belly of the massive cargo ship Prime Lily. The ship soon sets sail for South America, its 80,000 tons of coal destined for power plants and factories, an export of American energy— and pollution.
LUENEN, Germany— One of Germany's newest coal-fired power plants rises here from the banks of a 100- year-old canal that once shipped coal mined from the Ruhr Valley to the world. Coal mining's demise in Germany comes as the country is experiencing a resurgence in coal-fired power, one which the U.S. increasingly has helped supply.
SYDNEY, July 28- London copper opened steady on Monday after a two percent run up last week, stalling on news that major miner Freeport was set to resume concentrate exports from Indonesia after a six-month halt, unlocking a kink in supply.
July 25- A former adviser to mining giant BSG Resources was sentenced in New York federal court on Friday to two years in prison for obstructing a criminal probe in connection with a bribery investigation in Guinea.
JAKARTA, July 25- Freeport-McMoRan Inc clinched a deal with the Indonesian government on Friday allowing the miner to resume copper concentrate exports from the country, effectively ending a six-month tax dispute and paving the way for more miners to follow suit.
JAKARTA, July 25- Freeport-McMoRan Inc and the Indonesian government on Friday reached a deal over a contract dispute that should pave the way for a resumption of the U.S. company's copper exports after a six-month halt.
Brad Gordon, CEO of African Barrick Gold, says weaker gold demand has offset further price rises to the precious metal despite geopolitical tensions.