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Metals and Mining

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  • SYDNEY, May 2- London copper was little changed on Friday but was set to log its biggest weekly loss in seven weeks after the United States withdrew liquidity, with markets expected to remain quiet due to a holiday in China and ahead of a U.S. jobs report. Copper prices have dropped 1.9 percent this week.

  • NEW YORK/ LONDON, May 1- Gold fell on Thursday on fresh outflows from gold exchange-traded funds, extending losses from the previous day when the Federal Reserve reinforced its view in the U.S. economy's prospects and reduced its monthly bond purchases, as expected.

  • May 1- Alpha Natural Resources Inc and Walter Energy Inc cut their production forecast for metallurgical coal, joining rival U.S. coal miners in tightening supply in a bid to drive up prices.

  • May 1- Coal miners Walter Energy Inc and Alpha Natural Resources Inc said they expected to ship fewer tons of steel-making coal as prices and demand remain low. Alpha Natural and Walter Energy's shares were down 3 percent before the bell.

  • LONDON, May 1- The impasse between Rio Tinto and the Mongolian government over a giant copper mine in the country should be resolved by September, with underground mining beginning within two years, a government official told Reuters.

  • MEXICO CITY, April 30- Mexican mining company Industrias Penoles on Wednesday said its profit in the first quarter fell 42 percent from the same period last year as sales sank due to lower metals prices.

  • GENEVA, April 30- Guinea's President Alpha Conde said on Wednesday he hoped Brazilian miner Vale would bid to reclaim two iron ore permits, because the company had not been involved in the alleged corruption that led to their cancellation.

  • LONDON, April 30- Nickel prices inched higher on Wednesday, on track to post their biggest monthly gain in 19 months, on tight supplies from Indonesia and concern over sanctions on top refined producer Russia. Business tailed off as traders squared up ahead of market holidays in Shanghai on Thursday and Friday and in London on Monday.

  • NEW YORK/ LONDON, April 30- Deutsche Bank's exit from the London precious metal fixes will leave just two banks running a century-old system that sets the global silver price, likely stirring the debate about regulation of one of the most volatile commodity markets.

  • April 30- Barrick Gold Corp reported a dramatic drop in first-quarter earnings on Wednesday and cut its forecast for 2014 copper production due to damage to the main conveyor at its Lumwana mine in Zambia that had halted ore processing there.

  • *GDP +0.2 pct in Feb, +0.5 pct in Jan, -0.4 pct in Dec. *Seasonally adjusted crop production down on intentions. OTTAWA, April 30- The Canadian economy grew by 0.2 percent in February from January as expected, moving past December's weather-induced decline but growing only at a modest pace, according to Statistics Canada data released on Wednesday.

  • April 30- Barrick Gold Corp reported a sharp drop in first quarter earnings on Wednesday and cut its forecast for 2014 copper production after damage to the main conveyor at its Lumwana mine in Zambia halted processing there.

  • *Its facilities could be sold for a symbolic 1 euro- Italian media. NEW DELHI/ LONDON, April 30- India's billionaire brothers, Naveen and Sajjan Jindal, could be the answer Pope Francis is looking for.

  • April 30- Canadian oil and gas producer Cenovus Energy Inc reported a better-than-expected operating profit, helped by a 48 percent jump in production at its Christina Lake oil sands project in northern Alberta.

  • April 30- Barrick Gold Corp, the world's largest gold miner, reported a 90 percent fall in quarterly earnings, hurt by lower gold prices and production. Net earnings attributable to shareholders fell to $88 million, or 8 cents per share, in the first quarter ended March 31, from $847 million, or 85 cents per share, a year earlier.

  • GENEVA, April 30- Guinea's President Alpha Conde said on Wednesday he would welcome a bid by Brazilian miner Vale for re-allocation of mining permits because it had not been involved in the corruption that led to their cancellation.

  • April 30- Canadian oil and gas producer Cenovus Energy Inc reported a 44 percent rise in first-quarter profit, helped by increased production at its Christina Lake oil sands project in northern Alberta.

  • GENEVA, April 30- Guinea's President Alpha Conde said on Wednesday that he would strongly welcome a bid by Vale for re-allocation of mining permits, stating that the Brazilian miner had not been involved in the corruption that led to their cancellation.

  • LONDON, April 30- Nickel prices inched higher on Wednesday, on track to post their biggest monthly gain in 19 months, on tight supplies from Indonesia and fears of sanctions on top refined producer Russia. Three month nickel on the London Metal Exchange rose 1 percent to $18,350 a tonne at 0927 GMT.

  • Aluminum in 'good position': Norsk Hydro CEO     Wednesday, 30 Apr 2014 | 4:15 AM ET

    Eivind Kallevik, CFO at Norsk Hydro, says the aluminium sector is in a good position at the moment as demand for the metal outpaces production.