Barrick Gold Corp. rose$. 37 or 3.0 percent, to $12.90. Gold Fields rose$. 19 or 4.4 percent, to $4.53. Newmont Mining Corp. rose$. 54 or 2.8 percent, to $19.71.» Read More
-Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, Nov 24- What was lacking at BHP Billiton's annual meeting was an admission that what has effectively happened with iron ore is that the company's shareholders are subsidizing the profits of Chinese steel mills. It was around this time that BHP, its Anglo-Australian rival Rio Tinto, newcomer Fortescue...
*BHP aims for at least $4 bln in savings by June 2017. MELBOURNE, Nov 24- BHP Billiton stepped up its cost-cutting plans on Monday as the world's biggest miner battles a sharp slide in iron ore, coal and oil prices, and said the unloved assets it is spinning off are still making money despite the rout. BHP expects to reap savings of at least $4 billion by June 2017, up from an...
MELBOURNE, Nov 24- BHP Billiton stepped up its cost-cutting plans on Monday as the world's biggest miner battles a sharp slide in iron ore, coal and oil prices. BHP expects to reap savings of $4 billion by June 2017, up from an earlier forecast for $3.5 billion, in cost cuts over the next three years, according to slides prepared for an investor presentation on Monday.
HOUSTON— Four workers killed by poisonous gas during a recent chemical leak were trapped inside the Texas pesticide plant for an hour before anyone called 911, and no one told dispatchers what substances were inside. The DuPont plant in La Porte typically housed as much as 250 tons of highly flammable methyl mercaptan, the Houston Chronicle reported Sunday.
Barrick Gold Corp. rose$. 02 or. 2 percent, to $12.85. Gold Fields rose$. 27 or 6.5 percent, to $4.42. Newmont Mining Corp. rose$. 11 or. 6 percent, to $19.69.
NEW YORK— Shares of some top chemicals companies were up at the close of trading:. Dow Chemical Co. rose $1.36 or 2.6 percent, to $52.84. DuPont Co. rose$. 72 or 1.0 percent, to $72.15.
Hecla Mining Co. rose$. 05 or 2.0 percent, to $2.49. Pan American Silver Corp. fell$. 04 or. 4 percent, to $10.50. Silver Standard Resources Inc. rose$. 02 or. 3 percent, to $5.83.
Arch Coal rose$. 18 or 7.1 percent, to $2.71. Consol Energy Inc. fell$. 10 or. 2 percent, to $41.51. Peabody Energy rose$. 30 or 2.7 percent, to $11.44.
HOUSTON, Nov 21- Energy companies have long touted to Wall Street investors the number of acres they lease or own as a measure of how many oil and gas shale wells they can potentially drill. Several smaller operators in the Permian Basin of Texas, including RSP Permian Inc, Laredo Petroleum Inc and Callon Petroleum Co, are telling investors there is more than meets...
Hecla Mining Co. rose$. 06 or 2.3 percent, to $2.49. Pan American Silver Corp. rose$. 25 or 2.4 percent, to $10.79. Silver Standard Resources Inc. rose$. 20 or 3.4 percent, to $6.01.
NEW YORK— Shares of some top gold companies are up at 10 a.m.:. Barrick Gold Corp. rose$. 11 or. 9 percent, to $12.94. Newmont Mining Corp. rose$. 13 or. 7 percent, to $19.71.
Arch Coal rose$. 12 or 4.7 percent, to $2.65. Consol Energy Inc. rose$. 30 or. 7 percent, to $41.91. Peabody Energy rose$. 54 or 4.8 percent, to $11.68.
NEW YORK— Shares of some top chemicals companies are up at 10 a.m.:. Dow Chemical Co. rose $1.40 or 2.7 percent, to $52.88. DuPont Co. rose $1.08 or 1.5 percent, to $72.51.
NEW YORK— Dow Chemical Co. has agreed to add four new members to its board of directors after pressure from hedge fund activist Daniel Loeb's Third Point. In January, Third Point disclosed that it bought a stake in Dow, calling it its biggest investment. Third Point currently has a 1.9 percent stake in the company.
When China cuts interest rates, McDonald's outperforms the market five days later and makers of stone and gravel also beat the market, history shows.
EVANSVILLE, Ind. _ Berry Plastics Group Inc. on Friday reported net income of $29 million in its fiscal fourth quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share. Analysts expected $1.33 billion, according to Zacks.
*State-controlled KGHM is one of Poland's biggest companies. Poland's environment ministry, which allocates concessions, denied it gave preferential treatment to KGHM over Canadian Miedzi Copper, which has filed a lawsuit, or British firm Darley Energy, which has submitted an appeal. KGHM, Europe's second-largest copper producer and an industrial champion...
PARIS, Nov 21- European stocks extended an early rally on Friday morning, led by mining shares after China's central bank cut its benchmark interest rate for the first time in more than two years in an attempt to lift its cooling economy. European mining shares, strongly affected by China's economic growth, featured among the top gainers, with Rio Tinto up 3.9...
*China cuts benchmark rates for first time in two years. LONDON, Nov 21- Metals prices rose on Friday after China cut benchmark interest rates in a bid to jumpstart its economy, while expectations of raw material scarcity gave a further lift to nickel which hit a five-week high. Three-month copper on the London Metal Exchange hit a session high of $6,748 a tonne...
NEW YORK— Shares of some top chemicals companies were up at the close of trading:. Dow Chemical Co. unchanged at $51.48. DuPont Co. rose$. 18 or. 3 percent, to $71.43.
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