LyondellBasell Industries NV said Wednesday that it will buy back shares, increase its dividend and update its board. LyondellBasell said that shareholders at the company's annual meeting approved a plan to repurchase up to 10 percent of the company's outstanding stock.» Read More
*Japan's reflationary policy helps domestic demand. TOKYO, May 20- Nippon Steel and Sumitomo Metal Corp expects its domestic crude steel output to rise 2 percent in the April-June quarter, as Japan's reflationary policy drives the yen lower and makes the country's goods more competitive.
Pan American Silver Corp. rose$. 07 or. 6 percent, to $11.81. Silver Standard Resources Inc. rose$. 04 or. 6 percent, to $6.34. Silver Wheaton rose$. 11 or. 5 percent, to $21.88.
Arch Coal rose$. 08 or 1.6 percent, to $5.09. Consol Energy Inc. rose$. 69 or 2.0 percent, to $34.66. Peabody Energy rose$. 30 or 1.5 percent, to $20.51.
NEW YORK-- Shares of some top chemicals companies are mixed at 10 a.m.:. Dow Chemical Co. fell$. 18 or. 5 percent, to $35.64. DuPont Co. rose$. 01 or percent, to $55.90.
Barrick Gold Corp. rose$. 03 or. 2 percent, to $18.61. Gold Fields fell$. 11 or 1.9 percent, to $5.70. Newmont Mining Corp. rose$. 06 or. 2 percent, to $30.69.
*Gold companies' shares drop, rand also under pressure. JOHANNESBURG, May 20- Big wage hikes demanded by the government-allied trade union in South Africa's coal and gold industries helped push the rand to a four-year low on Monday, highlighting the ripple effect of the prospect of more turmoil in the industry.
HOUSTON/ NEW YORK, May 20- For the past three years, the boom in the U.S. shale oil industry has outstripped all expectations. News from two of the country's less developed shale plays in Colorado and Ohio last week offer a reality check for the wave of euphoria that has washed across the industry.
SINGAPORE, May 20- London copper slipped on Monday after a jump in U.S. consumer confidence raised prospects the country could begin trimming its bond-buying program, eroding metals' allure for investors, against a backdrop of slowing growth in top consumer China.
HONG KONG, May 20- Hong Kong shares were set to start at their highest in more than a week on Monday, with index gains helped by a 4.4 percent climb for China Coal Energy as markets returned from a public holiday last Friday. The Hang Seng Index was expected to open up 1.2 percent at 23,348.7, its highest since May 9.
*ENRC, Bumi among those expected to testify. LONDON, May 19- Britain's parliament will this week consider whether to probe the transparency of oil and mining firms listed in London, an issue highlighted by corruption probes at emerging market miners which lawmakers fear have dented the stock market's reputation.
JAKARTA, May 18- Freeport McMoRan Copper& Gold Inc said on Saturday that rockfalls were hampering rescue efforts after a tunnel collapse four days ago at its giant Indonesian copper mine, with hopes fading of finding alive any of the 23 still missing.
Barrick Gold Corp. fell$. 68 or 3.5 percent, to $18.58. Gold Fields Ltd ADS fell$. 32 or 5.2 percent, to $5.81. Newmont Mining Corp. fell$. 80 or 2.5 percent, to $30.63.
Hecla Mining Co. fell$. 05 or 1.6 percent, to $3.17. Pan American Silver Corp. fell$. 34 or 2.8 percent, to $11.74. Silver Standard Resources Inc. fell$. 22 or 3.4 percent, to $6.30.
NEW YORK-- Shares of some top chemicals companies were up at the close of trading:. Dow Chemical Co. rose$. 72 or 2.1 percent, to $35.82. DuPont Co. rose$. 40 or. 7 percent, to $55.89.
Arch Coal rose$. 05 or 1.0 percent, to $5.01. Consol Energy Inc. rose$. 33 or 1.0 percent, to $33.97. Peabody Energy rose$. 07 or. 3 percent, to $20.21.
Hecla Mining Co. fell$. 02 or. 6 percent, to $3.20. Pan American Silver Corp. fell$. 20 or 1.6 percent, to $11.89. Silver Standard Resources Inc. fell$. 19 or 2.9 percent, to $6.33.
NEW YORK-- Shares of some top gold companies are down at 1 p.m.:. Barrick Gold Corp. fell$. 42 or 2.2 percent, to $18.84. Newmont Mining Corp. fell $1.04 or 3.3 percent, to $30.39.
NEW YORK-- Shares of some top chemicals companies are up at 1 p.m.:. Dow Chemical Co. rose$. 41 or 1.2 percent, to $35.51. DuPont Co. rose$. 04 or. 1 percent, to $55.53.
Arch Coal rose$. 02 or. 4 percent, to $4.98. Consol Energy Inc. rose$. 05 or. 1 percent, to $33.69. Peabody Energy fell$. 05 or. 2 percent, to $20.09.
LONDON, May 17- South Africa's mining industry can ill afford to offer wage rises during talks that are about to start with a new and unpredictable union, so it may well face fresh strikes, Impala Platinum said on Friday.