*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.» Read More
NEW YORK, Sept 12- U.S. stocks slipped on Thursday, ending seven straight days of gains by the S&P 500 as a drop in precious metal prices dragged mining shares lower. The Dow Jones industrial average was down 26.03 points, or 0.17 percent, at 15,300.57. The Nasdaq Composite Index was down 9.04 points, or 0.24 percent, at 3,715.97.
NEW YORK, Sept 12- U.S. stocks edged lower on Thursday, on track to snap seven straight days of gains by the S&P 500 index, as a drop in precious metal prices dragged mining shares lower. The materials sector fell more than 1 percent, with gold miner Newmont Mining off 3.5 percent at $28.44.
**ENDEAVOUR SILVER CORP, $4.31, down 7 pct. **BARRICK GOLD CORP, $17.81, down 4.4 pct. **MCEWEN MINING, $2.41, down 8 pct.
The recent bankruptcy of Longview, a highly efficient West Virginia coal plant, is an example of the pressures already facing the industry. When the Longview plant went into operation in 2011- the first new coal plant to go online in West Virginia in 18 years- its owners wanted to show that there is a future role for coal in the U.S. energy mix.
*Romania may have to pay $2 bln damages to Canada's Gabriel. *Company aims to set up Europe's biggest open-cast mine. BUCHAREST, Sept 12- Romania will have a hard time defending itself in court if it rejects plans by Canada's Gabriel Resources to set up Europe's biggest open-cast gold mine, the infrastructure minister said on Thursday.
**ENDEAVOUR SILVER CORP, $4.31, down 7 pct. **BARRICK GOLD CORP, $17.81, down 4.4 pct. *MCEWEN MINING, $2.41, down 8 pct.
MELBOURNE/ LONDON, Sept 12- Bankers trying to move a mountain of mining assets for sale are being tested to the limit by unreliable buyers, stubborn sellers and a widening gap between them that has already caused billions of dollars' worth of deals to be shelved.
LONDON, Sept 12- Shell is to make John Abbott head of its fuels and chemicals business, pitching the deliverer of its Canadian oil sands expansion project into an industry debate over whether the "downstream" business he will run still fits with oil and gas extraction.
MOSCOW, Sept 12- Russia's Norilsk Nickel, the world's biggest nickel producer, said it plans to slim down and focus on its top assets, joining other big mining companies in shedding businesses in the face of weak metals prices.
Nicholas Curtis, Chairman of Lynas Corp says China's crackdown on illegal rare earth mining is a welcome and important step in helping rebalance the industry.
BRASILIA, Sept 11- Brazilian prosecutors want to block the permit for a massive gold mine planned by Belo Sun Mining Corp on the Xingu River in the Amazon, arguing that the Canadian company has failed to study the impact on local Indian communities, the prosecutors' office said on Wednesday.
SANTIAGO, Sept 11- A strike that began last week at the small Salvador copper mine in Chile and owned by Chile's Codelco shows no signs of ending as the union has threatened more radical action after what it said was a lack of engagement from the company.
JOHANNESBURG, Sept 11- Wage settlements in South Africa's gold sector will amount to 1.5 billion rand in extra costs for companies over the next 12 months, the country's Chamber of Mines said on Wednesday.
Michael Widmer, metals strategist at Bank of America Merrill Lynch, discusses metal commodities and says gold should rally if tapering does not start soon.
Sept 11- India's Jaiprakash Associates Ltd has agreed to sell its cement plant in Gujarat state to UltraTech Cement Ltd for around 38 billion rupees including debt.
Felipe Larrain Bascunan, Chile finance minister, highlights that while Chile is concerned about copper demand from China, the recovery in Europe and U.S. should help the country stay on a growth path.
*Gold to test support at $1,352- technicals. SINGAPORE, Sept 11- Gold slipped to a three-week low on Wednesday before recovering on bargain hunting, but the precious metal was losing its safe-haven appeal for investors on hopes a U.S. military strike against Syria could be averted.
*Railway is key artery for Colombia's coal exports. BOGOTA, Sept 10- Workers at Colombia's main coal railway Fenoco, which transports about half of the country's coal exports, are negotiating with the company for better pay and improved benefits, their main union said on Tuesday.
MOSCOW, Sept 10- Russia's Uralkali, the world's largest potash miner by output, said on Tuesday it had no plans to return to a trade alliance with Belarus and dismissed speculation about changes to its shareholder structure.
LONDON, Sept 10- Glencore will cut spending, shelve dozens of projects and squeeze more than expected from its record-breaking purchase of mining group Xstrata, lifting benefits from the deal to at least $2 billion in 2014..