Dec 4- Barrick Gold Corp, under fire for missteps in a tough market, started to address investor demands for a more independent board on Wednesday, by replacing two directors close to its departing founder with a pair of mining industry experts.» Read More
BANGKOK, July 10- Siam Cement Pcl, Thailand's largest industrial conglomerate, plans to raise its 2013 sales growth target and boost cement capacity at home and in Southeast Asia in response to strong demand in the region.
Copper has taken a beating in recent months, along with gold and other commodities. Now, analysts warn there is more pain ahead for the red metal.
*China exports fall for first time in 17 months. SINGAPORE, July 10- London copper rose on Wednesday after top metal user China reported surprisingly weak trade data for June and flagged a grim outlook for third quarter exports, raising speculation that Beijing may have to ease policy to keep growth targets.
*China's crude imports fell 1.4 percent in the first half. SHANGHAI, July 10- China's imports of crude and iron ore hit multi-month lows in June as the world's second-largest economy lost momentum, trade data showed on Wednesday, raising the prospect of weaker demand for commodities in the second half.
JAKARTA, July 10- Freeport McMoRan Copper and Gold Inc has resumed copper shipments from its Grasberg mine in Indonesia as it restarts open-pit and underground mining, but expects output this year to drop by a fifth following a near two-month stoppage.
*China's copper imports up 5.9 percent to 379,951 T in June. SINGAPORE, July 10- London copper fell on Wednesday after top metal user China reported surprisingly weak trade data for June and flagged a grim outlook for exports in the third quarter, raising questions about demand.
Kristy Campbell, Senior Equity Analyst at Macquarie Private Portfolio Management says investors should continue to invest in Australian companies that are exposed to the U.S. recovery. She says Brambles is one of the best-placed businesses for this.
SINGAPORE, July 10- London copper was steady on Wednesday but stuck near to three-year lows after the International Monetary Fund downgraded its global growth forecasts- underscoring the metal's dim demand prospects, while a stronger dollar also weighed.
Alan Gayle, Ridgeworth Capital Management; Michael Santoli, Yahoo! Finance; CNBC.com's Jeff Cox; and CNBC's Rick Santelli break down the markets after the closing bell.
JAKARTA, July 9- Freeport McMoRan Copper and Gold Inc has resumed copper concentrate shipments from its mine in Grasberg, Indonesia, but expects output this year to drop by a fifth following a near two-month stoppage. Freeport Indonesia President Director Rozik Soetjipto told Bloomberg shipments had resumed but were yet to reach normal levels.
*Freeport says has not yet lifted force majeure. JAKARTA, July 9- Freeport McMoRan Copper and Gold Inc has received Indonesian government permission to resume underground operations at its Grasberg mine, but expects output this year to drop by a fifth following a near two-month stoppage.
SYDNEY, July 9- Copper concentrate shipments to China from Mongolia's giant Oyu Tolgoi mine kicked off on Tuesday, after repeated delays that underscored the risks of investing in the country's burgeoning mining sector.
SINGAPORE, July 9- London copper prices held steady near their lowest this year on Tuesday, with the appeal of commodities tarnished by slowing demand growth from top consumer China and by expectations the United States will rein in stimulus this year.
TORONTO, July 8- Alcoa Inc, the largest U.S. aluminum producer, still sees global demand for aluminum products growing 7 percent this year, signalling a potential price rise for the metal as bulging Chinese aluminum inventories begin to dwindle.
Greg Johnson, President & CEO of Prophecy Platinum, talks about the rise in platinum prices and the impact of mining labor unrest in South Africa.
Analysts are expecting a dismal second-quarter earnings season but Alcoa, first out of the gate, beat on both earnings and revenue.
TORONTO, July 8- Alcoa Inc remains optimistic that global demand for aluminum will grow 7 percent this year, driven largely by demand from the aerospace and commercial transportation sectors, the largest aluminum producer in the United States said on Monday.
CALGARY, Alberta, July 8- Pilot projects in an as-yet undeveloped oilfield could remake Canada's energy map, if producers can successfully wrest a sludgy, tarry substance called bitumen from porous rock in remote northern Alberta.
*China trade data due July 10. A better-than-expected U.S. jobs report on Friday sparked a fall in metals prices as investors would back expectations for demand, which fed into broader worries about slowing economic growth in China, the world's top copper consumer, said Melbourne- based ANZ analyst Natalie Rampono. "
SINGAPORE, July 8- London copper slipped on Monday after a rosier than expected U.S. labour report raised expectations the U.S. *The most-traded November copper contract on the Shanghai Futures Exchange fell 1.6 percent to 48,890 yuan a tonne.