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*Tension between union, Freeport could spook investors. JAKARTA, May 17- Freeport McMoRan Copper& Gold Inc's Indonesian copper mine should remain closed for an investigation into a tunnel collapse that has left five dead and 23 missing, a trade union leader said on Friday.
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*China shuns stimulus despite softer growth track-sources. SINGAPORE, May 17- London copper reversed early losses to trade firmer on Friday, tracking gains in Shanghai equities, but is still on course to end a three-week upward streak amid signs Chinese demand is unlikely to pick up strongly as Beijing shuns stimulus measures.
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*Japan stocks remain firmly footed in structural bull market- JPMorgan. *Hitachi up on higher operating margin forecast. TOKYO, May 17- The Nikkei share average rose on Friday with investors snapping up reflationary plays such as real estate stocks on the dips- posting a second week of gains supported by the benign effects of a weak yen.
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*Gold's 7- session drop is longest losing streak in 4 years. SINGAPORE, May 17- Gold fell on Friday for a seventh straight session, in its longest losing streak since March 2009, as the dollar strengthened and investors cut exposure to the precious metal, fearing further drops and choosing equities instead.
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May 17- Caterpillar Inc has reached a deal to cut $135 million from the price owed for a Chinese mining equipment maker, after accounting irregularities were discovered at the acquired company that forced Caterpillar to take a $580 million impairment charge.
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*China shuns stimulus despite softer growth track-sources. SINGAPORE, May 17- London copper edged lower on Friday to remain on course to end a three-week upward streak, undermined by a firmer dollar and indications that demand from top consumer China is unlikely to pick up strongly as Beijing shuns stimulus measures.
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SINGAPORE, May 17- London copper futures edged lower on Friday to remain on course to end a three-week upward streak, undermined by a firmer dollar and indications that demand from top consumer China is unlikely to pick up strongly as Beijing shuns stimulus measures.
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Barrick Gold Corp. fell$. 18 or. 9 percent, to $19.26. Gold Fields Ltd ADS rose$. 07 or 1.2 percent, to $6.13. Newmont Mining Corp. fell$. 14 or. 4 percent, to $31.43.
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Hecla Mining Co. rose$. 12 or 3.9 percent, to $3.22. Pan American Silver Corp. rose$. 13 or 1.1 percent, to $12.08. Silver Standard Resources Inc. rose$. 03 or. 5 percent, to $6.52.
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Arch Coal unchanged at $4.96. Consol Energy Inc. fell$. 32 or. 9 percent, to $33.64. Peabody Energy rose$. 01 or percent, to $20.14.
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NEW YORK-- Shares of some top chemicals companies were down at the close of trading:. Dow Chemical Co. fell$. 24 or. 7 percent, to $35.10. DuPont Co. fell$. 06 or. 1 percent, to $55.49.
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*Government-controlled Congress likely to approve reforms. QUITO, May 16- Ecuador's government on Thursday presented a mining bill to Congress that should pave the way for the signing of contracts with several investors, including Canada's Kinross Gold Corp..
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*Oil output from Ohio's Utica shale to be dwarfed by gas. NEW YORK, May 16- Oil output from the Utica shale in Ohio was less than expected last year, the Ohio Department of Natural Resources said on Thursday, denting the Utica's image as America's next oil-producing frontier.
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*Gold falls for sixth sessions, first time in four years. NEW YORK, May 16- Most commodity markets slipped on Thursday, after a slew of U.S. economic readings pointed to pockets of weakness that investors feared could slow demand, and gold eased as investors rotated into equity markets, which have outperformed the precious metal this year.
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*Oil output from Ohio's Utica shale to be dwarfed by gas. NEW YORK, May 16- Oil production from the Utica shale in the U.S. state of Ohio was lower in 2012 than first anticipated and in much of the play it will be dwarfed by "significant" gas output, the Ohio Department of Natural Resources said on Thursday.
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NEW YORK-- Shares of some top chemicals companies are mixed at 1 p.m.:. Dow Chemical Co. fell$. 10 or. 3 percent, to $35.24. DuPont Co. rose$. 03 or. 1 percent, to $55.58.
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Arch Coal rose$. 12 or 2.4 percent, to $5.08. Consol Energy Inc. fell$. 03 or. 1 percent, to $33.93. Peabody Energy rose$. 17 or. 8 percent, to $20.30.
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NEW YORK-- Shares of some top gold companies are mixed at 1 p.m.:. Barrick Gold Corp. fell$. 12 or. 6 percent, to $19.32. Newmont Mining Corp. rose$. 04 or. 1 percent, to $31.61.
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Hecla Mining Co. rose$. 10 or 3.2 percent, to $3.20. Pan American Silver Corp. rose$. 14 or 1.2 percent, to $12.10. Silver Standard Resources Inc. rose$. 05 or. 7 percent, to $6.54.
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PHOENIX-- Mining company Freeport-McMoRan Copper& Gold, which is on the process of acquiring Plains Exploration& Production Co., said Thursday that about 46 percent of that company's shareholders have elected to receive stock for their shares, while 29 percent have chosen to receive cash.