JAKARTA, Oct 31- Indonesia's mining-to-telecoms conglomerate Bakrie Group will negotiate with creditors to restructure part of its $8 billion in debt rather than sell major assets, people familiar with its strategy say. Some creditors sued one Bakrie company in New York while a Jakarta supplier has asked an Indonesian court to supervise a debt...» Read More
Hecla Mining Co. fell$. 09 or 3.9 percent, to $2.24. Pan American Silver Corp. fell$. 36 or 3.5 percent, to $9.87. Silver Standard Resources Inc. fell$. 42 or 8.0 percent, to $4.80.
Arch Coal rose$. 07 or 3.5 percent, to $2.09. Consol Energy Inc. fell$. 13 or. 4 percent, to $35.88. Peabody Energy fell$. 10 or 1.0 percent, to $10.25.
Barrick Gold Corp. fell$. 54 or 4.2 percent, to $12.29. Gold Fields fell$. 13 or 3.6 percent, to $3.48. Newmont Mining Corp. fell$. 48 or 2.3 percent, to $20.33.
The largest U.S.-based gold miner said attributable net income from continuing operations was $210 million, or 42 cents a share, in the quarter, down from a profit of $419 million, or 84 cents a share, in the same period last year. Adjusted net income was $249 million, or 50 cents per basic share, compared with $217 million, or 44 cents per basic share, in the prior year...
GREENWOOD VILLAGE, Colo. _ Newmont Mining Corp. on Thursday reported third-quarter earnings of $213 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share. Analysts expected $1.74 billion, according to Zacks.
KINGSPORT, Tenn. _ Eastman Chemical Co. on Thursday reported third-quarter profit of $210 million. Eastman Chemical expects full-year earnings to be 70 cents per share. Eastman Chemical shares have decreased 6 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed roughly 8 percent.
*Beijing to host APEC summit Nov. 5 to 11. *Steel output in 100- km radius of Beijing to be halted. BEIJING, Oct 31- Chinese steel mills, among the biggest in the world, are altering their production schedules to offset disruption from forced plant closures aimed at curbing choking air pollution during a summit of world leaders in Beijing next month.
NEW YORK— Shares of some top gold companies are down at 1 p.m.:. Barrick Gold Corp. fell$. 38 or 3.0 percent, to $12.45. Newmont Mining Corp. fell$. 21 or 1.0 percent, to $20.60.
Hecla Mining Co. fell$. 05 or 2.1 percent, to $2.28. Pan American Silver Corp. fell$. 30 or 2.9 percent, to $9.93. Silver Standard Resources Inc. fell$. 25 or 4.8 percent, to $4.97.
Arch Coal rose$. 03 or 1.5 percent, to $2.05. Consol Energy Inc. fell$. 26 or. 7 percent, to $35.75. Peabody Energy unchanged at $10.35.
NEW YORK— Shares of some top chemicals companies are up at 1 p.m.:. Dow Chemical Co. rose$. 73 or 1.5 percent, to $48.11. DuPont Co. rose$. 52 or. 8 percent, to $67.32.
RIO DE JANEIRO, Oct 30- Vale posted a surprise $1.44 billion loss, and its shares tumbled to a 5-1/ 2- year low as investors worried about the cost of the Brazilian miner's expansion plans and a possible cut to its dividend in a new era of lower iron ore prices. Vale SA cited low iron ore prices and a weak local currency for the third-quarter loss. Vale is attempting to...
NEW YORK/ LONDON, Oct 30- Gold dipped below $1,200 an ounce on Thursday and silver plunged 4 percent to its lowest since March 2010, a day after the U.S. Also weighing down on the precious metal complex was data showing weak price pressure in Germany and Spain. "Our sense is that there are still obviously more adjustments still to come in terms of real rates and the...
Oct 30- Mosaic Co on Thursday forecast record-high global phosphate and potash shipments in 2015 despite concerns that weak crop prices would reduce farmers' fertilizer purchases. Corn and wheat prices plunged this autumn to multiyear lows amid a huge but delayed U.S. harvest. Dan Basse, president of research company AgResource said on Wednesday in Winnipeg...
Arch Coal rose$. 01 or. 7 percent, to $2.04. Consol Energy Inc. fell$. 82 or 2.3 percent, to $35.19. Peabody Energy fell$. 19 or 1.8 percent, to $10.16.
NEW YORK— Shares of some top gold companies are down at 10 a.m.:. Barrick Gold Corp. fell$. 49 or 3.8 percent, to $12.34. Newmont Mining Corp. fell$. 48 or 2.3 percent, to $20.33.
Hecla Mining Co. fell$. 09 or 3.8 percent, to $2.24. Pan American Silver Corp. fell$. 37 or 3.6 percent, to $9.86. Silver Standard Resources Inc. fell$. 24 or 4.7 percent, to $4.98.
NEW YORK— Shares of some top chemicals companies are mixed at 10 a.m.:. Dow Chemical Co. fell$. 07 or. 1 percent, to $47.31. DuPont Co. rose$. 18 or. 3 percent, to $66.98.
Concerns about slowing growth in Europe and a stronger dollar have helped push the price of light crude oil down about 25 percent since June to about $82 a barrel, creeping closer to the average marginal cost of crude production of about $73 a barrel for U.S. onshore work, according to a research note from Baird Equity Research. "The market is selling all of these...
HELSINKI, Oct 30- Finnish mining technology company Outotec reported a lower-than-expected third-quarter profit on Thursday and said it would cut jobs because low metal prices and the Ebola epidemic in resource-rich Africa were affecting its business. The disappointing third-quarter performance prompted the company to trim its full-year revenue...
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