Arch Coal fell$. 08 or 1.8 percent, to $4.37. Consol Energy Inc. fell$. 77 or 1.9 percent, to $39.16. Peabody Energy fell$. 49 or 2.9 percent, to $16.20.» Read More
*Anglo American falls after weak update. LONDON, Oct 18- European shares rose on Friday on the back of robust growth data from China boosted luxury goods and mining stocks and expectations the Federal Reserve will keep monetary stimulus in the United States unchanged for months.
Ben Simpfendorfer, managing director at Silk Road Associates, says that the Chinese economy remains "fundamentally imbalanced" and needs to see a recovery in its light industry.
JOHANNESBURG, Oct 18- Anglo American Platinum said on Friday it was sticking to its full-year production target of 2.3 million ounces despite a two-week strike over job cuts at its South African mines.
*Gina Rinehart legal dispute could eventually lead to power shift in company. SYDNEY, Oct 18- A bitter legal battle between Gina Rinehart and her children over control of Australia's largest mining fortune could ultimately lead to a shift of power in the board room and loosen the tycoon's legendary grip on her business empire.
CALGARY, Alberta, Oct 17- Canadian Natural Resources Ltd said on Thursday it has cut production at its 115,000 barrel per day Horizon oil sands project and its Woodenhouse heavy oil operations after natural gas supplies were cut following a rupture on TransCanada Corp's Nova regional natural-gas pipeline network.
*Kenya unexpectedly raised royalties and revoked licences in August. NAIROBI, Oct 17- Kenya plans to claim a 10 percent stake in large mining concessions under a new bill intended to give the state a greater share in profits from the sector, Mining Cabinet Secretary Najib Balala said on Thursday.
LONDON, Oct 17- Copper slipped on Thursday from a two-week high despite a last-minute deal to avert a default on U.S. debt as investors remained cautious ahead of delayed U.S. data that could show damage from the government's two-week shutdown.
Nucor said in September that some improvement in demand, as well as supply disruptions experienced by its competitors, could help results. While metal margins should be stable, shipments usually fall late in the year, and Nucor has scheduled outages, related to upcoming expansions, at several mills.
Oct 17- Steelmaker Nucor Corp reported a rise in quarterly profit on Thursday and said better prices for sheet steel had boosted financial results at its mills. Earnings for the third quarter rose to $147.6 million, or 46 cents a share, from $110.3 million, or 35 cents a share, a year earlier. Net sales rose 3 percent to $4.94 billion.
MOSCOW, Oct 17- Russia's United Company Rusal, the world's biggest aluminium producer, said its drive to cut output had helped it to rein in costs and it might take further steps to reduce overheads due to weak aluminium prices.
SINGAPORE, Oct 17- London copper climbed to its highest in two weeks on Thursday as the United States Senate passed a bill to reverse a government shutdown and raise its debt ceiling temporarily, reviving risk appetite and assuaging concerns about demand for metals. *Copper prices stretched to $7,300 a tonne earlier on Thursday- their loftiest since Oct. 3.
Oct 16- Aluminum producer Alcoa Inc said on Wednesday that the smelter at Ma'aden, Saudi Arabia, which is in its start-up phase, has temporarily stopped production on one of two potlines. The company said the potline was shut down "after a period of pot instability." Ma'aden, a massive new facility, is run by a joint venture between Alcoa and Saudi Arabian Mining Co..
LONDON, Oct 15- Copper fell on Tuesday as divisions between lawmakers in Congress over extending the U.S. government's borrowing limit weighed on investors who were already concerned about a growing market surplus.
LONDON, Oct 15- Copper edged down on Tuesday as signs of progress over the U.S. debt ceiling showdown was not enough to convince investors worried about a growing surplus to bid the red metal higher for a fourth consecutive day.
John Wilson, advisor at RBS Morgans, discusses iron ore following Rio Tinto's quarterly results and explains why he expects further upside.
Copper production was also buoyed by a ramp-up at the Oyu Tolgoi mine in Mongolia, while Rio said in its third-quarter production report it was on track to beat a target of cutting $750 million in exploration spending this year.
SYDNEY, Oct 15- Global miner Rio Tinto boosted its forecast copper output for 2013 after a better-than-expected recovery from the U.S. Copper output was also buoyed by a ramp up in production at the Oyu Tolgoi mine in Mongolia, while Rio Tinto said it was on track to beat its target of cutting $750 million in exploration spending this year.
*China grid spending slows, signals flagging copper demand- Barclays. SINGAPORE, Oct 15- London copper edged lower on Tuesday as markets waited for news about a possible end to the U.S. fiscal deadlock, while Shanghai copper eased back from one-week highs after chasing overnight gains in London.
SINGAPORE, Oct 15- London copper was clinging to a tight range on Tuesday as markets awaited detail on a possible resolution to the U.S. fiscal deadlock, while Shanghai copper rallied to one-week highs chasing overnight gains in London.
SYDNEY, Oct 15- Global miner Rio Tinto could be forced to amass a mountain of copper concentrate at its new $6 billion Oyu Tolgoi mine in Mongolia while Chinese buyers resolve a lengthy customs impasse with their government.