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  • Oct 29- Canadian diversified miner Teck Resources Ltd reported a 68.5 percent drop in quarterly earnings on Wednesday, hurt by lower prices for steelmaking coal. Net profit attributable to shareholders fell to C $84 million, or 14 Canadian cents per share, in the third quarter ended Sept. 30 from C $267 million, or 46 Canadian cents per share, a year earlier.

  • LONDON, Oct 29- Chilean copper miner Antofagasta posted a 5 percent fall in third-quarter output from the previous three months, mainly due to production stoppages at its Los Pelambres and Centinela operations. The London- listed miner, which like others in the copper sector is battling sluggish prices, falling ore grades and rising costs, managed to reduce its...

  • SYDNEY, Oct 29- London nickel jumped on Wednesday, adding to a 5 percent gain in the previous session, as worries about declining ore stocks in China set off a buying spree that traders said included purchases by consumers. Nickel was this year's stellar pick for investors after a ban on Indonesian ore exports threatened to starve China's stainless steel mills of...

  • TOKYO/ SINGAPORE, Oct 29- China has boosted exports of steel qualifying for a generous tax exemption to some Asian countries, triggering accusations that mills in the world's biggest producer are taking advantage of the rebate to sell surplus steel cheaply. The steel in question contains boron, an element that can harden steel for uses ranging from...

  • SYDNEY, Oct 29- London nickel added a further 2 percent on Wednesday to 5- percent gains the session before, as worries about declining ore stocks in China set off a buying spree that traders said included purchases by consumers. *Seasonal rains are set to disrupt nickel mining in the Philippines for the next four months or so, crimping exports to top buyer China and...

  • UPDATE 1-U.S. Steel loss narrowed in third quarter Tuesday, 28 Oct 2014 | 6:06 PM ET

    Oct 28- United States Steel Corp reported a narrower third-quarter loss on Tuesday, citing strong demand from the auto, construction and appliance industries and lower energy costs. The Pittsburgh- based steelmaker posted a third-quarter net loss of $207 million, or $1.42 a share, compared with a loss of $1.79 billion, or $12.38 a share, during the comparable...

  • U.S. Steel loss narrowed in third quarter Tuesday, 28 Oct 2014 | 5:22 PM ET

    Oct 28- United States Steel Corp reported a narrower third-quarter loss on Tuesday as strong demand from the auto and building industries lifted demand for its products and supported prices. The Pittsburgh- based steelmaker posted a third-quarter net loss of $207 million, or $1.42 a share, compared with a loss of $1.79 billion, or $12.38 a share, during the...

  • TOKYO/ SINGAPORE, Oct 29- China has boosted exports of steel qualifying for a generous tax exemption to some Asian countries, triggering accusations that mills in the world's biggest producer are taking advantage of the rebate to sell surplus steel cheaply. The steel in question contains boron, an element that can harden steel for uses ranging from...

  • Secretary of State John Kerry said on Tuesday during a visit to Canada that he would like to make a decision soon on TransCanada Corp's Keystone XL crude oil pipeline. TransCanada has waited more than six years for the Obama administration to make a decision on the line, which would take as much as 830,000 barrels per day of Alberta tar sands crude to refineries on...

  • *Palladium technicals weak as "death cross" looms. NEW YORK/ LONDON, Oct 28- Gold prices edged higher on Tuesday as softer-than-expected U.S. consumer spending data pressured the dollar, ahead of a closely-watched Federal Reserve policy statement. "The rally after today's durable goods number is somewhat reassuring the Fed meeting this week will not have any...

  • Oct 28- Miner and oil producer Freeport-McMoRan Inc said on Tuesday it is working toward reducing its debt to a targeted $12 billion by 2016 but that weak commodity and credit markets were making it tough to get good prices for assets. The Arizona- based company has sold nearly $5 billion worth of assets this year, including oil assets in Texas and copper mines in...

  • **Gold and copper miner's shares down 4.3 pct at $28.98- lowest in more than a year. **Cuts full-year production estimates, partly on worker strife at its big copper and gold mine in Indonesia. **Output from Freeport's Grasberg copper mine in Indonesia has been hurt by labor problems following death of workers in recent time.

  • Oct 28- Shares of Cliffs Natural Resources Inc shot up as much as 25 percent after the miner said it had "more than enough" liquidity and that it was in talks with three "big steelmakers" to invest in its Bloom Lake iron ore mine in Quebec. Chief Executive Lourenco Goncalves told Reuters that Cliffs was in "active talks" with three equity partners to invest in the...

  • LONDON, Oct 28- When Hong Kong-listed miner MMG Ltd released its third-quarter results on Oct. 16, it confirmed that its giant Century zinc and lead mine in Australia would close in the third quarter of next year. The shuttering of Century, which began operations in 1999, has been long expected. Indeed, it has become totemic of the bull story in zinc, predicated as it is...

  • Freeport-McMoRan also said on Tuesday that the union leaders at its Grasberg copper mine in Indonesia, where a truck accident in late September resulted in the death of four miners, planned to conduct a 30- day strike beginning Nov. 6. Freeport-McMoRan said Indonesia had approved resumption of operations on Oct. 13 and while most operating areas had normal...

  • Oct 28- Gold and copper miner Freeport-McMoRan Inc reported a 32 percent drop in quarterly profit, hurt by lower prices of the metals. The company, which also has oil and gas assets, said net income attributable to shareholders fell to $552 million, or 53 cents a share, in the quarter ended Sept. 30, from $821 million, or 79 cents per share, a year earlier.

  • *JPM sees high grade Philippine nickel ore exports to China. LONDON, Oct 28- Copper prices hit a two-week high on Tuesday as the outlook for supply was tarnished by looming strikes at two mines while expectations of higher demand from top consumer China helped reinforce optimism. Workers at Freeport-McMoRan's Indonesian copper mine will hold a one-month...

  • *Gold drops to 2- week low early in Asia but recovers. SINGAPORE, Oct 28- Gold recovered after falling to its lowest in nearly two weeks on Tuesday as investors nervously awaited a U.S. Gold could test resistance at $1,233 an ounce, according to Reuters technicals analyst Wang Tao.

  • *JPM sees higher grade Philippine nickel ore exports to China. SYDNEY, Oct 28- London copper was perched near a two-week high on Tuesday as upcoming labour strikes at mines threatened to trim expectations for a metal surplus, while indications of a seasonal pick up in demand from top consumer China also supported prices. Workers at Freeport-McMoRan's...

  • High Arctic costs deter business despite thaw Monday, 27 Oct 2014 | 9:03 AM ET

    BODOE, Norway, Oct 27- Despite high hopes for Arctic business from mining to shipping as the ice melts rapidly and temperatures rise twice as fast as the global average, few firms say the sums still make sense. An oil price slump and cheaper commodities, including iron ore, together with tensions between the West and Russia over Ukraine, are adding new disincentives.