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Coal and Consumable Fuels

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  • *Underlying profit of $7.76 bln v $6.9 bln consensus. MELBOURNE, Feb 18- Global miner BHP Billiton topped market forecasts with a 31 percent rise in first-half profit on Tuesday and hinted it may launch a share buyback in August, despite a cautious outlook on Chinese growth.

  • Feb 13- Cenovus Energy Inc said on Thursday it will take longer than expected to bring its Foster Creek oil sands project in Alberta to its full production rate as the company delayed optimization work until after an expansion is completed.

  • Feb 13- Canadian oil and gas producer Cenovus Energy Inc's fourth-quarter operating profit fell short of analysts' estimates as production at its Foster Creek oil sands project in northern Alberta dropped 11 percent.

  • Feb 13- Canadian oil and gas producer Cenovus Energy Inc reported a smaller fourth-quarter net loss, helped by higher production at its Christina Lake oil sands project in northern Alberta. The company's net loss narrowed to C $58 million, or 8 Canadian cents per share, in the quarter ended Dec. 31 from C $117 million, or 15 Canadian cents per share, a year earlier.

  • Cliffs, a Cleveland- headquartered iron ore and coal producer, said it plans to reduce its capital spending in 2014 by more than 50 percent to between $375 million and $425 million as it cuts back its Bloom Lake Mine expansion and idles production at its Wabush Mine.

  • Feb 11- The Energy Information Administration on Tuesday lowered its U.S. crude oil production forecast for this year and next due to recent severe weather but said improving technology could boost shale oil output over the next two years.

  • *In 2009, Goldman bought firm that once sold Iran uranium. LONDON, Feb 11- Goldman Sachs and Deutsche Bank are quietly trying to get out of a business few people know they are even in: trading supplies of raw uranium known as yellowcake.

  • Feb 7- Cameco Corp, the world's third-largest uranium producer, on Friday scrapped its lofty production target for the radioactive metal due to excess global supply in an uncertain market.

  • WASHINGTON, Feb 7- U.S. officials wrongly aided coal companies seeking federal land leases and accepted below-value bids in a flawed program costing taxpayers tens of millions of dollars, according to an independent review of the U.S. Interior Department.

  • WASHINGTON, Feb 7- U.S. officials wrongly advised coal companies when they leased federal land in a flawed program costing taxpayers millions of dollars, according to an independent review of the U.S. Interior Department.

  • SPECIAL REPORT-Areva and Niger's uranium fight Wednesday, 5 Feb 2014 | 1:59 AM ET

    *Areva and Niger at odds over uranium money. ARLIT, Niger/ PARIS, Feb 5- When France began mining uranium ore in the desert of northern Niger in the early 1970 s, Arlit was a cluster of miners' huts stranded between the sun-blasted rocks of the Air mountains and the sands of the Sahara.

  • WASHINGTON, Jan 31- The proposed Keystone XL oil pipeline is unlikely to increase the pace of Canadian oil sands development, a U.S. State Department study said on Friday, raising pressure on President Barack Obama to approve a project environmentalists see as a major climate change problem.

  • WASHINGTON, Jan 31- The proposed Keystone XL oil pipeline is unlikely to increase the pace of Canadian oil sands development, a U.S. State Department study said on Friday, raising pressure on President Barack Obama to approve a project environmentalists see as a major climate change problem.

  • *President Obama' s decision on Keystone XL keenly awaited. BRUSSELS, Jan 31- Environmental campaign groups have submitted a legal complaint to the European Commission, the EU executive, for failing to implement a proposal that labels Canada's tar sands and other non-conventional fuel as highly polluting.

  • The deal, originally raised by China Credit Trust for an investment in a coal mining company and sold through the Industrial& Commercial Bank of China Ltd., is part of a burgeoning $6 trillion shadow banking sector.

  • *Statoil to pay $235 mln to PTTEP. OSLO, Jan 30- Norway's Statoil is stepping up its exposure to the environmentally controversial extraction of oil from Canadian sands, paying $235 million to take full control of some assets it had previously shared with Thai energy firm PTTEP.

  • *Emerging markets rely heavily on thermal coal. LONDON, Jan 30- The rout in emerging markets is starting to spill into commodities, with coal prices tumbling as much as 10 percent this month as utilities in developing economies slash orders.

  • Norway's sovereign fund halves coal exposure Tuesday, 28 Jan 2014 | 9:38 AM ET

    *Coal of little significance to fund- fund chief. OSLO, Jan 28- Norway's $817 billion sovereign wealth fund, the world's largest, has halved its exposure to coal producers, with most of its remaining interest in the sector in Chinese companies, its chief executive said on Tuesday.

  • SHANGHAI, Jan 28- Shares of Shaanxi Coal Industry Co Ltd jumped in their Shanghai debut but came off earlier stratospheric highs in a roller coaster day as China's newly reopened initial public offering market drew out aggressive punters.

  • *Fund is major investor in BHP Billiton, Anglo American. OSLO, Jan 27- An opposition proposal to prohibit Norway's $815 billion sovereign wealth fund, the world's largest, from investing in coal companies has won the support of two minority parties whose backing the government needs.

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