Arch Coal fell$. 11 or 5.0 percent, to $2.02. Consol Energy Inc. fell$. 17 or. 4 percent, to $37.69. Peabody Energy fell$. 16 or 1.3 percent, to $12.22.» Read More
NEW YORK— Shares of some top gold companies are mixed at 1 p.m.:. Barrick Gold Corp. rose$. 04 or. 3 percent, to $15.37. Newmont Mining Corp. fell$. 06 or. 3 percent, to $23.78.
Hecla Mining Co. fell$. 03 or 1.1 percent, to $2.67. Pan American Silver Corp. fell$. 19 or 1.6 percent, to $11.59. Silver Standard Resources Inc. rose$. 05 or. 8 percent, to $6.48.
LONDON, Sept 25- European shares slipped to a one-month low in late trading on Thursday, tracking a sell-off in U.S. stocks, as a stronger dollar undercut prices for industrial metals, causing mining shares to drop.
Hecla Mining Co. fell$. 06 or 2.3 percent, to $2.64. Pan American Silver Corp. fell$. 20 or 1.7 percent, to $11.58. Silver Standard Resources Inc. fell$. 06 or. 9 percent, to $6.37.
NEW YORK— Shares of some top gold companies are mixed at 10 a.m.:. Barrick Gold Corp. rose$. 01 or. 1 percent, to $15.34. Newmont Mining Corp. fell$. 23 or 1.0 percent, to $23.61.
*FTSE 100 underperforms on concerns of rate hike. The STOXX Europe 600 Basic Resources index fell 2.1 percent to feature as the biggest sectoral decliner in Europe after prices of key base metals fell following a rise in the dollar index, which measures the greenback against a basket of major currencies, to a four-year high.
*Gold earlier hit lowest since Jan. 2 at $1,206.85/ oz. LONDON, Sept 25- Gold steadied off nine-month lows on Thursday while platinum edged up from its weakest since June last year, after softer than expected U.S. data pulled the dollar from an earlier four-year high against a currency basket.
*Break below $1,200/ oz still likely- HSBC. LONDON, Sept 25- Gold prices fell to a nine-month low on Thursday and other precious metals slid as the dollar rose to four-year highs against a basket of currencies and stock markets strengthened. Spot gold hit a low of $1,206.85 an ounce, its weakest since Jan. 2, and was down 0.5 percent at $1,210.30 an ounce at 1001 GMT.
DALIAN, China Sept 25- China's steel consumption dropped this year for the first time since at least 2000 due to slower economic growth, leading to a surplus of iron ore in the country and a more than 40 percent plunge in prices of the steelmaking raw material.
SYDNEY, Sept 25- Adani Mining on Thursday took a step closer to the development of a A $2.2 billion coal mining project in Australia after the federal government approved construction of a rail haulage line.
SYDNEY, Sept 25- Global miner BHP Billiton on Thursday played down the chance of a recovery in iron ore prices, saying that recent declines reflected the reality of demand and supply in the market for the steel-making ingredient.
VANCOUVER, Sept 25- The price of gold, down more than a third in three years, is approaching the tipping point where the mining industry would see a spike in the number of producers reducing output or even shutting down operations. The industry has geared itself around $1,200, "said Joseph Foster, portfolio manager at institutional investor Van Eck Global.
BHP Billiton freezes pay for its executives and management team, as the downturn across the mining sector continues. The Financial Times reports.
Mike Harrowell, Director, Resources Research at BBY, discusses the impact of falling iron ore prices on major miners like BHP Billiton.
Arch Coal fell$. 10 or 4.3 percent, to $2.22. Consol Energy Inc. fell$. 13 or. 3 percent, to $37.03. Peabody Energy fell$. 14 or 1.1 percent, to $12.72.
Barrick Gold Corp. fell$. 21 or 1.4 percent, to $15.33. Gold Fields fell$. 05 or 1.2 percent, to $4.17. Newmont Mining Corp. fell$. 15 or. 6 percent, to $23.84.
Hecla Mining Co. fell$. 05 or 1.8 percent, to $2.70. Pan American Silver Corp. fell$. 39 or 3.2 percent, to $11.78. Silver Standard Resources Inc. fell$. 20 or 3.0 percent, to $6.43.
*Norilsk in talks to buy palladium from Russia's cenbank. NEW YORK/ LONDON, Sept 24- Gold fell on Wednesday as the dollar climbed to levels not seen in four years and global shares rebounded, while investors remained cautious ahead of U.S. economic data due later in the week.
DICKINSON, N.D., Sept 24- Crude oil would cost at least $150 a barrel due to supply disruptions in the Middle East and North Africa were it not for rising production in North Dakota and Texas, U.S. Energy Information Administration chief Adam Sieminski said in an interview on Wednesday.
ARLINGTON, Va.— Federal inspectors issued more than 100 citations during inspections at U.S. mine operations in August. The U.S. Mine Safety and Health Administration said Wednesday that the inspections of a dozen coal mines also resulted in 131 citations and 11 orders.