CHARLESTON, W.Va.— From Boone County banker Lee Milam's experience, each round of coal mine layoffs that hits southern West Virginia stifles his community's already-fragile economy. Coal giant Alpha Natural Resources revealed plans to shed 1,100 workers at 11 West Virginia surface mines and related operations by mid-October.» Read More
NEW YORK— Shares of some top chemicals companies are down at 1 p.m.:. Dow Chemical Co. fell $1.05 or 2.0 percent, to $51.43. DuPont Co. fell$. 91 or 1.4 percent, to $64.48.
*OPEC oil output rises in July from June- Reuters survey. NEW YORK, July 31- U.S. crude oil tumbled to a more than four-month low under $100 a barrel on Thursday on news of a potentially lengthy shutdown at a key oil refinery in Kansas, while Brent also slipped amid signs of robust OPEC oil production.
NEW YORK, July 31- U.S. crude oil futures plunged by nearly $2 and Brent crude oil futures fell by more than $1 per barrel on news that the 115,000- barrel-per-day Coffeyville, Kansas, refinery could be down for four weeks following a July 29 fire.
JOHANNESBURG, July 31- South Africa's Sibanye Gold remains on the hunt for a platinum asset and has Anglo American Platinum's mines in its sights, ready to make a move if the owner decides on either a straight sale or a separate listing for the assets.
LONDON, July 31- The aluminum market outside China is set to record its first deficit in nine years in 2015 following production cuts and an Indonesian ore export ban, a turning point that could be the start of a prolonged shortfall as demand recovers.
*IMF flags China property sector risks. LONDON, July 31- Zinc lost ground on Thursday after inventories rose, highlighting an overhang of supplies that analysts say needs to be eroded before expected shortages kick in.
TEL AVIV, July 31- Diamonds are a girl's best friend- but only if they are natural. Global diamond jewelry sales are worth more than $72 billion a year, according to the World Diamond Council, and jewelers like Tiffany and diamond miners led by De Beers stress that a jewel mined at great expense, and often with great risk, is infinitely more valuable than one made by man.
*Q2 drop in demand first in eight years- GFMS. SINGAPORE/ LONDON, July 31- Chinese gold jewelry demand fell for the first time in eight years in the second quarter and could drop as much as 20 percent in the full year, a leading precious metals consultancy said.
*80 shale wells to have been drilled by late 2014. WARSAW, July 31- Poland is seeing less exploratory drilling for shale gas than expected, environment minister Maciej Grabowski told Reuters, dealing a setback to the country's efforts to find a cheap alternative to the natural gas it imports from Russia.
About 5,000 union members, led by the United Mine Workers of America, on Thursday marched to the William S. Moorhead Federal Building chanting, "Hey, hey, EPA!
*IMF flags China property sector risks. LONDON, July 31- Zinc lost ground on Thursday from a three-year peak two days before after inventories rose, highlighting an overhang of supplies that need to be eroded before expected shortages kick in.
RIO DE JANEIRO, July 31- Vale posted a fall in profit compared with the previous quarter as lower iron ore prices undermined record production of the main steel-making ingredient by the Brazilian-based miner.
HONG KONG, July 31- China shares finished their best month since 2012 on a positive note on Thursday, with banks and mining companies leading index solid gains. Zijin Mining Group surged 7.1 percent and Zhongjin Gold Corp 9 percent.
Barrick Gold Corp. fell$. 12 or. 6 percent, to $18.47. Gold Fields fell$. 03 or. 7 percent, to $4.01. Newmont Mining Corp. rose$. 05 or. 2 percent, to $25.59.
Hecla Mining Co. fell$. 02 or. 6 percent, to $3.31. Pan American Silver Corp. fell$. 18 or 1.2 percent, to $14.94. Silver Standard Resources Inc. fell$. 11 or 1.2 percent, to $9.34.
NEW YORK— Shares of some top chemicals companies were down at the close of trading:. Dow Chemical Co. fell$. 97 or 1.8 percent, to $52.48. DuPont Co. fell$. 81 or 1.2 percent, to $65.39.
Arch Coal fell$. 11 or 3.6 percent, to $2.94. Consol Energy Inc. fell$. 45 or 1.1 percent, to $39.87. Peabody Energy fell$. 12 or. 8 percent, to $15.44.
NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. Twitter Inc., up $7.71 to $46.30. United States Steel Corp., up $5.36 to $33.03.
*Central bank reaffirms no rush to raise interest rates. NEW YORK/ LONDON, July 30- Gold futures ended lower on Wednesday, but traders largely shrugged off a statement from the Federal Reserve hinting the U.S. central bank was in no rush to hike interest rates, which would reduce appetite for the precious metal.
NEW ORLEANS— Lawyers for people who say defective Chinese drywall wrecked their homes are again suing the manufacturers. District Judge Eldon Fallon held Taishan Gypsum Co. Ltd. and related defendants in contempt of court for ignoring court proceedings over harm done by the drywall.
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