Arch Coal unchanged at $3.05. Consol Energy Inc. rose$. 75 or 1.9 percent, to $40.28. Peabody Energy rose$. 22 or 1.4 percent, to $15.88.» Read More
LAUNCESTON, Australia, March 13- Conventional thinking is that iron ore prices have plunged this year because of concerns about China's economic growth outlook, but it's possible the reverse is the case.
PERTH, March 13- If Australian miners are worried about the dramatic decline in iron ore prices, it doesn't show. "Iron ore mining isn't tennis, it's a contact sport," said David Flanagan, chairman of Atlas Iron Ltd. "Sometimes it hurts a bit, like you copped it in the stomach.
FRANKFURT, March 12- German potash miner K+ S slashed its 2013 dividend and suspended its long-term payout goal to preserve cash for a new mine it is building in Canada despite a slump in prices of the fertiliser ingredient.
*No disruption from political tension in Ukraine. LONDON, March 12- Ukraine- focused iron ore miner Ferrexpo announced its second special dividend in as many years after it posted increased annual profit and said it is on track to boost production this year.
*Shanghai copper futures lowest since 2009, gold hits 5-1/ 2 mth high. LONDON, March 12- A dizzying fall in copper to a near four-year low compounded increasing concern in China over its economic slowdown on Wednesday to send a wave of unease sweeping through world markets.
*Possibility of pick-up in China defaults could slow growth. LONDON, March 12- European shares fell on Wednesday, weighed down by below-forecast earnings reports and fears of more corporate defaults in China as a persistent decline in the copper price hit the mining sector.
LONDON, March 12- European shares fell in early trading on Wednesday, with poor earnings outlook from some companies and concerns about the Chinese credit market hurting sentiment.
*No disruption from political tension in Ukraine. LONDON, March 12- Ukraine- focused iron ore miner Ferrexpo said it is on track to complete its expansion programme as it posted an increase in annual earnings, helped by higher iron ore output offsetting weaker prices for the steelmaking ingredient.
TOKYO, March 12- Japan's Nikkei share average fell to a one-week low on Wednesday as investors locked in profits after a recent rally and as caution over Chinese demand continued to hurt such commodity-related shares such as mining and metal companies.
SINGAPORE, March 12- Gold climbed for a second session on Wednesday to its highest in 4-1/ 2 months, as global uncertainty over economic growth and tensions in Ukraine burnished the metal's safe-haven appeal. Weakness in equities and base metals, along with technical buying, propelled gold prices through resistance at $1,355 an ounce, traders said.
*China bonded copper premiums slide $15 to $120- $140- Shmet. LONDON, March 11- Copper tumbled to the lowest levels in over three years on Tuesday as investors and speculators intensified selling because of worries about Chinese demand and liquidation of inventories used for finance deals.
SunCoke said it would initially transfer a 33 percent interest in its Haverhill and Middletown cokemaking facilities in Ohio to SunCoke Energy Partners LP. Apart from the two coke plants to be initially transferred to the MLP, the company has plants in Virginia, Indiana and Illinois as well as in Brazil and India.
*China bonded copper premiums slide $15 to $120- $140- Shmet. LONDON, March 11- London copper rose on Tuesday as buyers took advantage of prices that hit their lowest level in eight months on Monday, but rising inventories in China and little sign of a pick-up in physical demand kept industrial metals under pressure.
LONDON, March 11- The recent history of copper and iron ore has been all about China. These price swoons have been triggered by the same fears about the China growth story. Both copper and iron ore markets are reacting to a bearish one-two combination of news out of China.
*Unexpected fall in China's exports has increased worries on economy. SINGAPORE/ BEIJING, March 11- China's biggest-listed steel maker Baosteel said a slump in iron ore was' inevitable' and prices had further to fall, as traders said some buyers in the world's top consumer of the raw material were trying to delay shipments after panic selling.
*Baosteel says iron ore prices still too high at above $100/ T. BEIJING, March 11- The recent slide in iron ore prices was "inevitable", with a price above $100 a tonne still too high, the head of China's biggest-listed steel maker Baoshan Iron& Steel said on Tuesday.
Mining and metal shares featured among the top gainers, halting their recent fall caused by concern over the pace of growth in China. The rebound could be capped, however, by tensions in Ukraine and lingering worries over growth in China, said Guillaume Dumans, co-head of research firm 2 Bremans.
SINGAPORE, March 11- Chinese steel mills and traders holding iron ore as collateral for financing are rushing to sell to repay loans, traders said, piling more pressure on the steel-making raw material that has lost over a fifth of its value this year.
*Freeport says tax breaches contract; govt wants firmer smelter commitments. Freeport and fellow U.S. miner Newmont Mining Corp have refused to pay an escalating export tax introduced on Jan. 12 as part of package of new mining rules aimed at forcing miners to build smelters and process raw materials in Indonesia.
JAKARTA, March 11- U.S. mining giant Freeport-McMoRan Copper and Gold Inc has cut production at its Indonesian copper and gold mine by around 60 percent, a union official told Reuters on Tuesday, two months after halting exports over a dispute with the government on a new export tax.