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Metals and Mining

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  • MOSCOW, April 9- Russia's biggest gold miner Polyus Gold is considering delisting from London, Kommersant newspaper said on Wednesday, the first Russian company to suggest it may heed a call by officials to bring assets home to survive Western sanctions.

  • *Signs of demand pick up in China's physical markets- Standard Bank. SYDNEY, April 9- London copper slipped on Wednesday below one-week highs touched in the previous session, after a China state agency said the window for stimulus measures was narrowing.

  • MOSCOW, April 9- Russia's largest steelmaker, Evraz, posted on Wednesday a 2013 net loss of $572 million, 35 percent deeper than in 2012 due to "cyclical headwinds" and said the political standoff with Ukraine could hit its business.

  • SYDNEY, April 9- London copper hovered near one-week highs on Wednesday, underpinned by a weaker dollar and expectations demand from top consumer China would modestly improve in the seasonally strong second quarter. *The most-traded July copper contract on the Shanghai Futures Exchange was up 0.1 percent at 46,760 yuan a tonne.

  • Philippe Capron, CFO of Veolia Environment, says waste water treatment in the mining and metals sector is "promising and lucrative."

  • Alcoa earnings beat, sales narrowly miss estimates Tuesday, 8 Apr 2014 | 4:12 PM ET
    Aluminum rods displaying the Alcoa Inc. logo

    Alcoa reported quarterly earnings that beat analysts' expectations on Tuesday, but revenue narrowly missed estimates.

  • JOHANNESBURG/ LONDON, April 8- As a strike by South African platinum miners enters its eleventh week, the likelihood that employers will bow to demands for better pay is receding and a drastic overhaul of the loss-making industry is looking more inevitable.

  • UPDATE 1-Magellan shifts focus to crude oil pipelines Tuesday, 8 Apr 2014 | 12:13 PM ET

    NEW YORK, April 8- Magellan Midstream Partners, the U.S. In a presentation made to investors on Tuesday, Magellan said of the $950 million it plans to spend between 2014 and 2016, 80 percent will go to crude oil projects primarily in and around Texas and its shale oil plays.

  • KINSHASA, April 8- Democratic Republic of Congo has improved its business environment but plans to raise mining taxes could deter investors in a country where massive infrastructure challenges remain, the CEO of a major foreign miner said.

  • SANTIAGO, April 8- Chile's mining minister told Reuters on Tuesday it expected to give state copper producer Codelco more funds this year than the state allocated the world No. 1 red-metal miner in 2013..

  • FACTBOX-Copper mining investment plans Tuesday, 8 Apr 2014 | 6:00 AM ET

    NEW YORK, April 8- Anglo American may exit its Michiquillay copper project in Peru, its biggest copper project, the company's copper chief has warned, the latest sign that miners are reviewing expansion plans on low prices and uncertainty over China.

  • *Anglo could exit Michiquillay project- Copper CEO. SANTIAGO, April 8- Global miner Anglo American may exit its Michiquillay copper project in Peru amid capital constraints, the new chief executive for copper said as he warned that red metal prices will remain weak in the short-term on uncertain Chinese growth.

  • SYDNEY, April 8- London copper was steady and in a narrowing trading band on Tuesday as top consumer China returned from holiday, with traders expecting the strength of Chinese appetite to help spur a technical breakout in near term direction. *The most-traded July copper contract on the Shanghai Futures Exchange edged up 0.4 percent to 46,690 yuan a tonne.

  • April 7- James River Coal Co filed for Chapter 11 bankruptcy protection after struggling with a steep drop in prices and demand for both thermal and steel-making coal. Coal companies have also been hit by President Barack Obama's push for stricter regulation of greenhouse gas emissions by the Environmental Protection Agency.

  • James River Coal files for bankruptcy protection Monday, 7 Apr 2014 | 5:28 PM ET

    April 7- James River Coal Co filed for Chapter 11 bankruptcy protection on Monday after struggling with weak prices. The company said it would continue to evaluate potential alternatives such as a capital investment through a plan of reorganization or a sale of one or more parts.

  • Because Potash Corp owns the most potash-producing capacity in the world, a change in that philosophy would cause the crop nutrient's value to plunge. Even so, Baskin just recently sold its stake in Potash Corp on concern that BPC's breakup has diminished the pricing power of potash miners.

  • LONDON, April 7- A decision by Glencore Xstrata to abandon the sale of it Peruvian copper mine Las Bambas would likely enhance the long-term growth of the mining group, but could put its credit rating under pressure, Moody's Investors Service said.

  • *Palladium falls on forced liquidation, profit taking. NEW YORK/ LONDON, April 7- Gold fell in quiet trade on Monday, weighed down by lack of investment interest after Friday's short-covering rally by bullion investors who had feared U.S. job gains would sharply exceed Wall Street's expectations.

  • SANTIAGO, April 7- The chief executive officer of Chilean miner Antofagasta Minerals Plc said on Monday he sees China's economic problems as minor and doesn't believe a crisis brewing. The miner's $1.9 billion Antucoya copper project is on time and on budget, CEO Diego Hernandez also told Reuters on the sidelines of the CESCO/CRU copper conference in Santiago.

  • TORONTO, April 7- Global miner Rio Tinto said on Monday it will give away its 19.1 percent stake in Northern Dynasty Minerals Ltd, owner of Alaska's huge Pebble deposit, after determining that the project does not fit its strategy.