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.» Read More
VANCOUVER/ TORONTO, March 9- Private equity firms are going underground. In the past, they have largely shunned mining acquisitions, as the volatility of commodities prices and cash flow made it difficult to structure leveraged deals.
LONDON, March 7- The first time Anne Meaux met Indian billionaire Lakshmi Mittal he laughed at her. The incident was an early example of an ability to tell unpalatable truths to powerful people that has since propelled Meaux to the position of France's top PR advisor.
LONDON, March 5- Ukraine's steel exporters are trying to push into new markets such as in North Africa as a weak currency, battered by political upheaval and tensions with Russia, has pushed rebar prices to 3 1/ 2- year lows.
*Copper has lost some 7 pct in 2013 on China demand woes. LONDON, March 7- Copper fell to its lowest level in over seven months on Friday as China's first domestic bond default added to growing concerns this week about slower economic growth in the world's top copper consumer. It was at $6,823 per tonne at 1502 GMT, from a close of $7,055 on Thursday.
The steel sector is also one of the single biggest contributors to the thick smog that now regularly envelops Beijing and other Chinese cities. While other markets pore over the implications of premier Li Keqiang's "State of the Union" address to the National People's Congress, steel has already reacted.
*Copper has lost almost 5 pct on China demand worries. LONDON, March 7- Copper fell to its lowest level in more than three months on Friday on concerns about slower economic growth in top consumer China as Beijing shifts to a consumption-driven expansion which would curb its demand for the industrial metal.
*Copper has lost over 4 pct on China demand worries. SINGAPORE, March 7- Nickel held near nine-month highs on Friday, heading for a seventh session of gains in what would be its longest rally since October 2010, with global supply tightened by Indonesia's ban on ore exports.
SINGAPORE, March 7- Nickel held near nine-month highs on Friday and is on track for its biggest weekly gain since mid-January with supply tightened by Indonesia's ban on ore exports, while copper steadied on concerns over demand from top consumer China.
March 6- Mining equipment maker Joy Global Inc said demand from miners for maintenance work was returning after more than a year of delay when its main customers struggled with a coal glut and weak prices. Joy Global's shares rose as much as 5.4 percent in early trading after the company also raised the lower end of its 2014 profit forecast range.
*Zimbabwe takes the hard line on minerals beneficiation. *DRC, Zambia want to tax copper concentrate exports.
March 6- Joy Global Inc reported a two-thirds drop in quarterly profit due to lower demand for mining equipment in the middle of a coal glut, but the company said maintenance revenue was rising as miners can no longer delay work on old equipment.
LONDON, March 6- Copper was steady and some other base metals slipped on Thursday on investor concern over future demand in top metals consumer China after more details emerged about reform plans.
March 6- Joy Global Inc, a mining equipment maker, reported a 66 percent fall in quarterly profit as coal miners struggling with oversupply cut spending. Joy Global, which gets about two-thirds of its total revenue from coal miners, has cut costs to offset the impact of lower sales.
LONDON, March 6- Copper and other base metals slipped on Thursday on investor concern over future demand in top metals consumer China after more details emerged about reform plans.
March 6- Joy Global Inc, a mining equipment maker, reported a 66 percent fall in quarterly profit as coal miners cut spending due to weak prices caused by oversupply. The company's net income fell to $48.9 million, or 48 cents per share, in the first quarter from $142.1 million, or $1.33 per share, a year earlier.
Panaji, India, March 6- A consortium led by Steel Authority of India Ltd, the country's second-biggest steelmaker, hopes to buy coal mines overseas in the next few months when it has completed due diligence on facilities in Indonesia, Mozambique and the United States.
JAKARTA, March 6- Base metals edged lower on Thursday as China said it would cut investment to its lowest in 10 years, snapping a rally that drove nickel and zinc prices to multiple-month highs after diplomatic efforts reduced worries over Ukraine.
JAKARTA, March 6- Base metals edged lower on Thursday as diplomatic efforts moderated the crisis over Ukraine and China's commitment to reduce investment capped this week's rally that saw nickel and zinc prices spike to multiple-month highs.
SYDNEY, March 6- Australian retail sales surged by the most in almost a year in January and exports jumped to record highs, clear evidence the resource-rich economy is stepping up a gear even as a boom in mining investment cools. Thursday's figures from the Australian Bureau of Statistics were packed with milestones.
WASHINGTON, March 5- Alpha Natural Resources Inc., one of the largest U.S. coal producers, has reached a consent decree to settle a complaint about pollution discharged by coal mines into Appalachian rivers and streams, federal authorities said on Wednesday.