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.» Read More
Arch Coal unchanged at $4.12. Consol Energy Inc. fell$. 05 or. 1 percent, to $39.04. Peabody Energy rose$. 03 or. 2 percent, to $15.83.
PERTH, March 13- If Australian miners are worried about the dramatic decline in iron ore prices, it doesn't show. "Iron ore mining isn't tennis, it's a contact sport," said David Flanagan, chairman of Atlas Iron Ltd. "Sometimes it hurts a bit, like you copped it in the stomach.
Hecla Mining Co. rose$. 12 or 3.4 percent, to $3.46. Pan American Silver Corp. rose$. 32 or 2.3 percent, to $14.50. Silver Standard Resources Inc. rose$. 28 or 2.6 percent, to $10.86.
NEW YORK-- Shares of some top chemicals companies are mixed at 1 p.m.:. Dow Chemical Co. fell$. 17 or. 3 percent, to $49.09. DuPont Co. rose$. 42 or. 6 percent, to $66.43.
Arch Coal rose$. 10 or 2.3 percent, to $4.22. Consol Energy Inc. rose$. 05 or. 1 percent, to $39.14. Peabody Energy rose$. 09 or. 5 percent, to $15.89.
NEW YORK-- Shares of some top gold companies are up at 1 p.m.:. Barrick Gold Corp. rose$. 44 or 2.2 percent, to $20.26. Newmont Mining Corp. rose$. 59 or 2.4 percent, to $24.94.
NEW YORK-- Shares of some top gold companies are up at 10 a.m.:. Barrick Gold Corp. rose$. 34 or 1.7 percent, to $20.16. Newmont Mining Corp. rose$. 55 or 2.3 percent, to $24.90.
Hecla Mining Co. rose$. 10 or 3.0 percent, to $3.45. Pan American Silver Corp. rose$. 32 or 2.3 percent, to $14.50. Silver Standard Resources Inc. rose$. 38 or 3.6 percent, to $10.96.
Arch Coal rose$. 04 or. 8 percent, to $4.16. Consol Energy Inc. rose$. 23 or. 6 percent, to $39.32. Peabody Energy rose$. 17 or 1.1 percent, to $15.97.
NEW YORK-- Shares of some top chemicals companies are down at 10 a.m.:. Dow Chemical Co. fell$. 40 or. 8 percent, to $48.86. DuPont Co. fell$. 31 or. 5 percent, to $65.70.
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.
MADISON, Wis.-- The regulatory path for a company looking to open a giant iron mine near Mellen is firming up. Wisconsin Department of Natural Resources officials released a letter Tuesday they sent to Gogebic Taconite outlining the permits and approvals the project may require and what information the company will have to submit to obtain them.
*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.
Wary financial markets are watching the decline in copper, to see if the red metal is acting as a fire alarm for the global economy.