LIMA, April 22- Peru's central bank slashed its forecast for this year's economic expansion to 5.5 percent from 6 percent on dimmer expectations for the country's crucial mining sector, the bank's president said. Central Bank President Julio Velarde said mining activity will pick up this year but will not likely be as robust as previously thought.» Read More
April 22- U.S. coal miner Arch Coal Inc said it expects to ship fewer tons of steel-making metallurgical coal this year after posting a bigger-than-expected quarterly loss due to lower prices and weak demand. Arch Coal, like other coal producers, is paring its assets.
April 22- Diversified Canadian miner Teck Resources Ltd said it would cut about 600 jobs, or 5 percent of its global workforce, after a sharp fall in earnings and revenue in the first quarter.
*China nickel ore imports from Indonesia down sharply. SINGAPORE, April 22- Nickel futures hit their highest in more than 14 months on Tuesday as an Indonesian ban on mineral ore exports kept supplies tight, with tensions in Ukraine also posing a risk to flows from key producer Russia.
LAUNCESTON, Australia, April 22- It's hard to find any bullish predictions for iron ore prices, with the consensus being that it will drop to below $100 a tonne. The latest bearish signal for iron ore is the decision by an Indian court to allow the mining of 20 million tonnes per annum in the state of Goa, most of which will end up on the export markets.
SINGAPORE, April 22- Copper futures on the London Metal Exchange slipped on Tuesday as the bourse reopened after a long holiday weekend, still pressured by worries over Chinese demand amid a slowdown in the world's top user of the industrial metal.
NEW YORK— Shares of some top chemicals companies were up at the close of trading:. Dow Chemical Co. rose$. 03 or. 1 percent, to $48.75. DuPont Co. rose$. 05 or. 1 percent, to $67.03.
Barrick Gold Corp. fell$. 70 or 3.9 percent, to $17.28. Gold Fields fell$. 03 or. 8 percent, to $3.91. Newmont Mining Corp. rose $1.51 or 6.4 percent, to $25.05.
Arch Coal fell$. 04 or. 8 percent, to $4.97. Consol Energy Inc. rose$. 17 or. 4 percent, to $41.98. Peabody Energy rose$. 72 or 4.3 percent, to $17.43.
Hecla Mining Co. fell$. 07 or 2.3 percent, to $3.00. Pan American Silver Corp. fell$. 11 or. 9 percent, to $12.75. Silver Wheaton fell$. 07 or. 3 percent, to $21.80.
WASHINGTON— President Barack Obama's administration on Monday sided with American steel producers in a politically charged international trade dispute, ruling that imported steel reinforcing bar from Mexico and Turkey unfairly undercuts U.S. prices.
NEW YORK— Platinum and palladium prices dropped sharply Monday on signs that South African mining companies are close to reaching a labor agreement that would end a four-month strike. Platinum for July delivery fell $28, or 2 percent, to close at $1,400.70 an ounce. Palladium for June lost $29.30, or 3.6 percent, to $777.80 an ounce.
Arch Coal fell$. 08 or 1.5 percent, to $4.94. Consol Energy Inc. fell$. 08 or. 2 percent, to $41.73. Peabody Energy rose$. 36 or 2.2 percent, to $17.07.
NEW YORK— Shares of some top chemicals companies are mixed at 1 p.m.:. Dow Chemical Co. fell$. 08 or. 2 percent, to $48.64. DuPont Co. rose$. 07 or. 1 percent, to $67.05.
NEW YORK— Shares of some top gold companies are mixed at 1 p.m.:. Barrick Gold Corp. fell$. 73 or 4.1 percent, to $17.25. Newmont Mining Corp. rose $1.20 or 5.1 percent, to $24.74.
Hecla Mining Co. fell$. 12 or 3.9 percent, to $2.95. Pan American Silver Corp. fell$. 50 or 3.9 percent, to $12.36. Silver Standard Resources Inc. fell$. 32 or 3.3 percent, to $9.28.
*Australia, Hong Kong, London closed for Easter. NEW YORK/ SINGAPORE, April 21- Gold prices fell to a nearly three-week low in thin trade on Monday, as sharp outflows from the world's biggest bullion-backed exchange-traded fund and no further escalation of geopolitical tensions prompted selling.
Arch Coal rose$. 04 or. 7 percent, to $5.05. Consol Energy Inc. rose$. 09 or. 2 percent, to $41.90. Peabody Energy rose$. 23 or 1.4 percent, to $16.94.
NEW YORK— Shares of some top gold companies are mixed at 10 a.m.:. Barrick Gold Corp. fell$. 29 or 1.6 percent, to $17.69. Newmont Mining Corp. rose $1.55 or 6.6 percent, to $25.09.
NEW YORK— Shares of some top chemicals companies are mixed at 10 a.m.:. Dow Chemical Co. fell$. 05 or. 1 percent, to $48.67. DuPont Co. rose$. 45 or. 7 percent, to $67.43.
Hecla Mining Co. fell$. 06 or 2.0 percent, to $3.01. Pan American Silver Corp. fell$. 12 or. 9 percent, to $12.74. Silver Standard Resources Inc. fell$. 11 or 1.1 percent, to $9.49.
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