NEW YORK— Shares of some top gold companies are mixed at 1 p.m.:. Barrick Gold Corp. fell$. 23 or 1.2 percent, to $18.87. Newmont Mining Corp. rose$. 04 or. 2 percent, to $25.40.» Read More
JAKARTA, July 22- Indonesia's new president Joko "Jokowi" Widodo said he wants to sit down with mining companies and other parties in a bid to resolve a row over mining policies that has halted $500 million of metal exports a month in Southeast Asia's biggest economy.
*Mozambique coal ambitions face setback in depressed market. MAPUTO, July 22- A Thai-Mozambican consortium has set a 2018 target to commission a $4.5 billion coal export railway and port terminal project in central Mozambique, but the depressed global coal prices outlook made the timing "tough", the company's president said.
*China output near record levels, CIS growth strong. China produces around half the world's steel, but output growth remained strong at 3.6 percent in North America and at 1.8 percent in the CIS- the third and fourth-largest producing regions after Asia.
July 22- Coal miner Peabody Energy Corp reported a smaller-than-expected quarterly loss, helped by stronger price realizations in the United States and higher sales volumes in Australia.
NEW YORK— Shares of some top chemicals companies are mixed at 10 a.m.:. Dow Chemical Co. rose$. 19 or. 4 percent, to $52.05. DuPont Co. fell$. 40 or. 6 percent, to $65.14.
Arch Coal unchanged at $2.99. Consol Energy Inc. rose$. 24 or. 6 percent, to $41.12. Peabody Energy rose$. 31 or 2.0 percent, to $15.63.
Hecla Mining Co. fell$. 01 or. 2 percent, to $3.28. Pan American Silver Corp. fell$. 07 or. 5 percent, to $15.06. Silver Standard Resources Inc. fell$. 06 or. 7 percent, to $9.34.
NEW YORK— Shares of some top gold companies are mixed at 10 a.m.:. Barrick Gold Corp. fell$. 15 or. 8 percent, to $18.95. Newmont Mining Corp. rose$. 04 or. 2 percent, to $25.40.
July 22- Chemicals maker DuPont forecast lower-than-expected operating earnings for the current quarter and warned of a loss in its agriculture unit as weak farm sales constrain both profit and revenue. DuPont has made a big push into agriculture, energy and specialty materials to insulate itself from more volatile businesses.
July 22- Coal miner Peabody Energy Corp reported a 2 percent rise in quarterly revenue, helped by an increase in shipments and prices at its mining operations in western U.S. states such as Wyoming, Colorado and Montana.
July 22- Chemicals maker DuPont forecast weaker-than-expected operating earnings for the current quarter after weak agriculture sales constrained both profit and revenue. DuPont forecast operating earnings of $1.25- $1.35 per share for the second half of the year, and said it expected to realize 40 percent of those earnings in the third quarter.
July 22- Chemicals maker DuPont's quarterly profit inched up 4 percent and raised its quarterly dividend for the third time in the last 27 months. Net income attributable to DuPont rose to $1.07 billion, or $1.15 per share, in the second quarter ended June 30, from $1.03 billion, or $1.11 per share, a year earlier.
*Rising output, sluggish demand have created excess of coal. LONDON, July 21- The global market for seaborne thermal coal will be oversupplied by around 10 million tonnes this year, keeping prices below profitable levels for most coal producers well into 2015 or longer and forcing more mines to close.
LONDON, July 21- Zinc and aluminum prices hit their highest in more than a year on Monday as investors sought exposure to commodities with improved fundamentals, but copper's gains were curbed by worries over China's property sector and over a build-up of stocks.
*Move will cut over half of Amplats workforce. *CEO says would prefer to sell assets in one go. JOHANNESBURG, July 21- World number-one platinum producer Anglo American Platinum is to sell a swathe of its most labor-intensive South African mines after a five-month strike shattered its hopes of ever making them profitable.
LONDON, July 21- Zinc and aluminium prices hit their highest in more than a year as investors sought exposure to commodities with improved fundamentals, but gains in copper were held back by worries over China's property sector and over a build-up of stocks.
*Move will cut over half of Amplats workforce. JOHANNESBURG, July 21- World number-one platinum producer Anglo American Platinum is to sell a swathe of its most labor-intensive South African mines after a five-month strike shattered its hopes of ever making them profitable.
NEW YORK— Russian steel company Severstal is exiting the U.S. market, selling a pair of steel plants to AK Steel and Steel Dynamics for about $2.33 billion. Steel Dynamics Inc. said Monday that it will pay about $1.63 billion for Severstal Columbus, which is located in northeast Mississippi.
*U.S. National activity index June at 1230 GMT. LONDON, July 21- Copper steadied on Monday as risk-hungry investors saw value in a metal whose price lost 2.4 percent last week, though worries over China's property sector and a build-up of copper stocks kept gains in check.
July 21- Steel Dynamics Inc will buy Severstal's mini-mill in Columbus, Michigan for $1.62 billion in cash, and AK Steel will buy the Russian steelmaker's assets in Dearborn, Michigan for $700 million in cash. Last month, CEO Alexey Mordashov said that selling the U.S. assets could help decrease Severstal's debt and make the company a lot more profitable.
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