MELBOURNE/ LONDON/ RIO DE JANEIRO, July 24- After two years of shunning miners, investors are tiptoeing back into the sector on signs of growth perking up in China, company austerity measures paying off, and prices of nickel, copper and aluminum picking up as supply tightens.» Read More
July 24- Canadian diversified miner Teck Resources Ltd reported a 44 percent drop in quarterly earnings, mainly due to "significantly" lower coal prices. On an adjusted basis, Vancouver- based Teck's earnings fell to 13 Canadian cents per share from 34 Canadian cents per share.
July 24- Canadian diversified miner Teck Resources Ltd reported a 44 percent drop in quarterly earnings, mainly due to "significantly" lower coal prices. Net profit attributable to shareholders fell to C $80 million, or 14 Canadian cents per share, in the second quarter ended June 30, from C $143 million, or 25 Canadian cents per share, in the same period a year earlier.
JAKARTA, July 24- Indonesia's president has said the government will take stern action against Newmont Mining Corp, which has filed for international arbitration over the country's mineral export tax, the country's chief economics minister quoted him as saying.
LAUNCESTON, Australia, July 24- The election of reformist Joko "Jokowi" Widodo as Indonesia's new president has spurred hopes of a rapprochement with global miners and the scaling back of some of the nationalistic resource policies.
JAKARTA, July 24- Indonesia will soon allow U.S. miner Freeport-McMoRan Copper& Gold Inc to resume copper exports, with both sides close to ending a six-month dispute over new mining rules, a senior official said on Thursday. Indonesia introduced a mineral ore export ban and a steep export tax on concentrates in January.
JAKARTA, July 24- Indonesia is expected to issue U.S. mining giant Freeport-McMoRan Copper& Gold with a government permit to resume exporting copper concentrates in one or two weeks, a mining ministry official said on Thursday.
JAKARTA, July 24- Indonesia's top two copper miners signalled they are nearing a breakthrough to allow a restart of concentrate exports, which have been halted for more than six months due to a dispute with the Southeast Asian country over new mining rules.
*To raise $1 bln from sale of corporate assets. July 23- Dow Chemical Co said it would raise about $1 billion from the sale of corporate assets such as rail cars and that it was reviewing joint ventures, part of a plan to raise as much as $6 billion through asset sales.
July 23- Freeport-McMoRan Inc said Wednesday it expects to sign a memorandum of understanding with Indonesia "imminently" and the agreement would immediately allow it resume copper concentrate exports, which have been halted for more than six months.
CHARLOTTE, N.C.— Fortune 500 packaging company Sealed Air Corp. will consolidate management operations from several states and relocate its New Jersey headquarters to the Charlotte area, where it plans to employ nearly 1,300 jobs in three years.
July 23- Dow Chemical Co reported a better-than-expected quarterly profit as sales rose and margins improved due to higher prices and a tight control on costs.
July 23- Freeport-McMoRan Inc reported second-quarter earnings on Wednesday that were little changed from a year earlier, and said it was "encouraged" by tax-related discussions with Indonesia. The company had cut production in Indonesia, which weighed on results in the quarter ended June 30, but company-wide, copper, gold and molybdenum production rose.
LONDON/ SYDNEY, July 23- Zinc held near a three-year peak on Wednesday with supply set to tighten while aluminum dipped from multi-month highs but could turn higher again as inventories fall and demand rises. But fundamentally there are questions, "said analyst Dominic Schnider of UBS Wealth Management in Singapore.
LONDON, July 23- Copper producer Kazakhmys will transfer some of its less-profitable assets to a private company owned by two of its shareholders as the company is broken up in an attempt to improve its performance.
July 23- Dow Chemical Co reported a better-than-expected quarterly profit as sales rose across its businesses and margins improved due to higher prices and a tight control on costs.
July 23- Dow Chemical Co said its second-quarter net profit fell 62 percent from a year earlier, when it received $2.2 billion in damages from Kuwait's state chemical company for pulling out of a petrochemical venture in 2008..
SYDNEY, July 23- London zinc and aluminum were poised near recent 3- year and 17- month peaks respectively on Wednesday on renewed interest from investors, but given a seasonal slowdown in demand, traders wondered just how much further prices could run.
SYDNEY, July 23- Brazil's BTG Pactual has received a green light from the London Metal Exchange to set up warehousing operations in Singapore, marking the investment bank's first foray into Asia as builds out its physical metals business.
SYDNEY, July 23- London zinc and aluminium were poised near recent 3 year and 17- month peaks respectively on Wednesday on renewed interest from investors, but given a seasonal slowdown in demand, traders wondered just how much further prices could run.
*Copper, metallurgical coal output also set to rise in FY2015. SYDNEY, July 23- BHP Billiton beat its own guidance for full-year iron ore output, saying it mined a record 225 million tonnes in fiscal 2014, 4 percent ahead of its forecast, leading productivity gains across a number of businesses.
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