JAKARTA, July 25- Freeport-McMoRan Inc and the Indonesian government on Friday reached a deal over a contract dispute that should pave the way for a resumption of the U.S. company's copper exports after a six-month halt.» Read More
NEW YORK— Shares of some top chemicals companies were down at the close of trading:. Dow Chemical Co. fell$. 05 or. 1 percent, to $53.84. DuPont Co. fell$. 17 or. 3 percent, to $65.20.
Arch Coal rose$. 04 or 1.4 percent, to $2.91. Consol Energy Inc. rose$. 03 or. 1 percent, to $40.74. Peabody Energy rose$. 18 or 1.2 percent, to $15.15.
MSHA cited as examples Thursday coal mines in Virginia and West Virginia. Twenty-five citations were issued at the Dickenson-Russell Coal Co. LLC's Cherokee Mine in Dickenson County, Virginia. The West Virginia inspection occurred at Rhino Eastern LLC's Eagle Mine 3 in Wyoming County.
July 24- The steel-making coal market needs to cut another 10 million tonnes of production to get into balance, the chief of Teck Resources Ltd said on Thursday after the Canadian miner reported a sharp fall in profit, mainly due to weak coal prices.
RIO DE JANEIRO, July 24- Brazil's Vale SA produced record amounts of iron ore in its latest second quarter, rising to the task of battling Australian rivals for market share, but weaker performance at other divisions fanned some concern ahead of results next week.
Hecla Mining Co. fell$. 05 or 1.6 percent, to $3.17. Pan American Silver Corp. fell$. 22 or 1.5 percent, to $14.65. Silver Standard Resources Inc. fell$. 27 or 3.0 percent, to $8.71.
NEW YORK— Shares of some top gold companies are down at 1 p.m.:. Barrick Gold Corp. fell$. 48 or 2.6 percent, to $18.26. Newmont Mining Corp. fell$. 45 or 1.8 percent, to $24.74.
Arch Coal rose$. 06 or 2.0 percent, to $2.93. Consol Energy Inc. rose$. 09 or. 2 percent, to $40.80. Peabody Energy rose$. 14 or. 9 percent, to $15.11.
Arch Coal rose$. 04 or 1.4 percent, to $2.91. Consol Energy Inc. fell$. 01 or percent, to $40.70. Peabody Energy rose$. 06 or. 4 percent, to $15.03.
NEW YORK— Shares of some top chemicals companies are mixed at 10 a.m.:. Dow Chemical Co. fell$. 39 or. 7 percent, to $53.50. DuPont Co. rose$. 13 or. 2 percent, to $65.50.
NEW YORK— Shares of some top gold companies are down at 10 a.m.:. Barrick Gold Corp. fell$. 21 or 1.1 percent, to $18.53. Newmont Mining Corp. fell$. 40 or 1.6 percent, to $24.79.
Hecla Mining Co. fell$. 03 or. 9 percent, to $3.19. Pan American Silver Corp. fell$. 08 or. 5 percent, to $14.79. Silver Standard Resources Inc. fell$. 21 or 2.3 percent, to $8.77.
"Results were better than expected, with solid operating results in coal and copper," RBC Capital Markets analyst Fraser Phillips said in a note to clients. Teck cut its 2014 copper cost forecast to between $1.95 and $2.05 per pound from $2.00 to $2.20 a pound.
RIO DE JANEIRO, July 24- Brazilian miner Vale said on Thursday its iron ore output in the second quarter was a record high for the period, up 12.6 percent from a year earlier, as it ramped up production to win back market share from Australian rivals.
*Freeport set to strike deal. JAKARTA, July 24- Indonesia has offered mining companies a tax concession to end a six-month dispute that has reduced mineral exports by half a billion dollars a month, pushed up the global price of some metals and led to thousands of layoffs.
*BASF still sees slightly higher adj EBIT in 2014. FRANKFURT, July 24- BASF, the world's largest chemicals maker by sales, became the latest euro zone company to suffer from the strength of the euro, posting lower-than-expected earnings growth even as sales volumes rose.
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.
*Indonesia to revise rules on mineral export taxes next month. LONDON, July 24- Copper climbed to its highest level in 10 days and zinc hit a near three-year peak after better-than-expected Chinese factory data calmed fears about economic growth in the world's biggest metals consumer.
Net earnings for the world's biggest fertilizer company by market capitalization fell to $472 million, or 56 cents per share, from $643 million, or 73 cents per share, a year earlier. Potash Corp had forecast 40 cents to 45 cents. Potash Corp raised its estimate of 2014 earnings to a range of $1.70 to $1.90 per share from a prior forecast of $1.50 to $1.80.
JAKARTA, July 24- Indonesia will revise its rules on mineral export taxes next month, paving the way for the country's multi-billion dollar mining industry to resume full production after months of layoffs and stalled output, a senior official said on Thursday.
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