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Metals and Mining

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  • *To restart Pend Oreille zinc mine at a cost of C $45 mln. Teck also said it plans to resume production at its Pend Oreille underground zinc mine, which has been idle since 2009. The company said zinc has the best outlook of the base metals. The capital cost of restarting Pend Oreille is pegged at about $41 million.

  • April 22- U.S. coal miner Arch Coal Inc said it expects to ship fewer tons of steel-making metallurgical coal this year after posting a bigger-than-expected quarterly loss due to lower prices and weak demand. Arch Coal, like other coal producers, is paring its assets.

  • April 22- Diversified Canadian miner Teck Resources Ltd said it would cut about 600 jobs, or 5 percent of its global workforce, after a sharp fall in earnings and revenue in the first quarter.

  • *China nickel ore imports from Indonesia down sharply. SINGAPORE, April 22- Nickel futures hit their highest in more than 14 months on Tuesday as an Indonesian ban on mineral ore exports kept supplies tight, with tensions in Ukraine also posing a risk to flows from key producer Russia.

  • China is not driving commodities: Pro     Tuesday, 22 Apr 2014 | 2:10 AM ET

    Michael Widmer, metals strategist at Bank of America Merrill Lynch Global Research, says China is not the driver of commodity prices at the moment, as demand slows in the world's second-largest economy.

  • LAUNCESTON, Australia, April 22- It's hard to find any bullish predictions for iron ore prices, with the consensus being that it will drop to below $100 a tonne. The latest bearish signal for iron ore is the decision by an Indian court to allow the mining of 20 million tonnes per annum in the state of Goa, most of which will end up on the export markets.

  • SINGAPORE, April 22- Copper futures on the London Metal Exchange slipped on Tuesday as the bourse reopened after a long holiday weekend, still pressured by worries over Chinese demand amid a slowdown in the world's top user of the industrial metal.

  • *Australia, Hong Kong, London closed for Easter. NEW YORK/ SINGAPORE, April 21- Gold prices fell to a nearly three-week low in thin trade on Monday, as sharp outflows from the world's biggest bullion-backed exchange-traded fund and no further escalation of geopolitical tensions prompted selling.

  • April 21- A takeover battle for Canada's Osisko Mining Corp, involving three of the world's top gold producers, is more than just a testament to the quality of the company's low-cost mine, it also spotlights a shortage of top-class gold assets in politically stable areas of the world.

  • *Gold retreats from early climb to $1,300 in choppy trade. *Australia, Hong Kong, London closed for Easter. Australia, Hong Kong and London are closed on Monday for the Easter holiday.

  • SINGAPORE, April 21- Shanghai copper futures dropped for a second session on Monday, hurt by persistent concerns over the outlook for demand in top consumer China amid a slowing economy. *The most-traded July copper contract on the Shanghai Futures Exchange was down 0.2 percent at 46,380 yuan a tonne by 0110 GMT.

  • The U.S. Court of Appeals for the District of Columbia Circuit rejected a challenge by environmental groups, including the Natural Resources Defense Council and the Sierra Club, which said the emissions standards were not stringent enough.

  • *Canadian company ready to mine off Papua New Guinea. NEWCASTLE, England/ LONDON, April 18- The world's first deep sea mining robot sits idle on a British factory floor, waiting to claw up high grade copper and gold from the seabed off Papua New Guinea- when a wrangle over terms is solved. The world waits for the judgement of a United Nations agency based in Jamaica.

  • CONAKRY, April 17- Guinea's government has accepted a report recommending the cancellation of two iron ore concessions held by BSG Resources and its joint venture partner, Brazilian miner Vale, a spokesman said on state television on Thursday.

  • NEW YORK/ LONDON, April 17- Platinum prices fell to their lowest in more than two weeks on Thursday, reversing initial gains after South Africa's biggest platinum producers offered to raise wages for miners in a bid to end a 13- week-old strike that has curbed metal output.

  • CONAKRY, April 17- Guinea will announce the cancellation on Thursday of two iron ore concessions held by BSG Resources and its joint venture partner, Brazilian mining giant Vale, a senior government source said.

  • CONAKRY, April 17- Guinea's government has approved a report recommending that BSG Resources and its joint venture partner, Brazilian mining giant Vale, be stripped of two iron ore concessions, a Guinean government source said on Thursday.

  • CONAKRY, April 17- Guinea's government has approved a report recommending that BSG Resources and its joint venture partner, Brazilian mining giant Vale, be stripped of two iron ore concessions, a Guinean government source said on Thursday.

  • LONDON, April 16- Sharp sell-offs in copper and iron ore last month helped boost first-quarter exchange trading activity across the industrial metals. The return of volatility to the iron ore market, meanwhile, fired up trading volumes on the Singapore Exchange and the new Dalian Commodity Exchange contract.

  • LONDON, April 16- The top names in global mining, gathered in Chile last week, publicly shrugged off concerns that copper financing deals in China, that have locked up mountains of metal, could unravel.