Hecla Mining Co. fell$. 12 or 4.1 percent, to $2.82. Pan American Silver Corp. fell$. 41 or 3.7 percent, to $10.78. Silver Standard Resources Inc. fell$. 22 or 3.4 percent, to $6.19.» Read More
*US Senate to hold hearing on banks owning commodities storage. SINGAPORE, July 17- London copper edged down from near a one-month high on Wednesday, as traders cut risk, waiting to see whether Federal Reserve Chairman Ben Bernanke will reiterate later in the day that U.S. monetary policy is to stay accommodative.
*Big iron ore miners pushing supply side to weed out rivals. SYDNEY, July 17- Record iron ore output from BHP Billiton and other mining giants appears to defy logic, with demand for the steel-making raw material cooling in top customer China and a price-eroding supply glut looming.
HONG KONG, July 17- Hong Kong shares look set for a third daily gain, lifted by strength in Chinese coal and cement counters as investors rushed to cover short bets after favourable June coal sales and a major cement producer sold assets to its parent company.
*US Senate to hold hearing on banks owning commodities storage. SINGAPORE, July 17- London copper edged towards a one-month high on Wednesday, with traders waiting to see whether Federal Reserve Chairman Ben Bernanke will reiterate later in the day that U.S. monetary policy is to stay accommodative.
SINGAPORE, July 17- London copper eased on Wednesday, with traders waiting to see whether Federal Reserve Chairman Ben Bernanke will reiterate later in the day that U.S. monetary policy is to stay accommodative.
SYDNEY, July 17- BHP Billiton said expansion of its iron ore operations in Australia was running ahead of schedule, as the miner posted a robust 9 percent rise in ore output to a record annual 187 million tonnes.
BUENOS AIRES, July 16- U.S. oil company Chevron signed an agreement with Argentina's YPF on Tuesday to invest $1.24 billion in the vast Vaca Muerta shale oil and gas formation, thought to be one of the biggest reserves in the western hemisphere.
July 16- Falling prices of phosphate and potash dragged down quarterly profits for Mosaic Co, and the U.S. fertilizer producer said it expects a further drop amid soft demand from Indian buyers and a lapsed contract with China.
BRUSSELS, July 16- The European Union added a pesticide made by German chemical firm BASF to its blacklist of substances suspected of playing a role in declining bee populations.
July 16- Mosaic Co will run its Canadian potash mines at less than 75 percent of capacity collectively for maintenance in the current third quarter, as prices for the crop nutrient slip.
July 16- U.S. fertilizer company Mosaic Co on Tuesday reported a lower quarterly profit as phosphate and potash prices slipped. Delayed spring planting in the United States due to cool weather compressed the usual fertilizer application season for producers like Mosaic, Potash Corp of Saskatchewan, CF Industries Holdings Inc and Agrium Inc..
*Copper loss from Bingham Canyon landslide less than expected. *Rio Tinto shares climb in London, Sydney. SYDNEY, July 16- Rio Tinto is pushing ahead with plans to boost iron ore output over the next 18 months, as it counts on demand from Chinese steel mills holding up, but the miner is assessing if it can meet the target using existing mines to control costs.
*Copper loss from Bingham Canyon landslide less than expected. *Shares in Australia up 1.4 pct, outpace broad mkt. The world no. 2 producer of the steelmaking raw material said on Tuesday it will proceed with expansion work in Australia to lift annual operating capacity to 290 million tonnes by the end of September.
SEOUL, July 16- South Korea's POSCO said on Tuesday it has decided to pull out of a $5.3 billion steel mill project in India's Karnataka state due to delays in securing land and opposition from residents.
*Copper prices hit a nearly 1- month high at $7,049.25 a tonne on July 11, but have failed to gain traction above $7,000 and remain down more than 12 percent for the year. *The most-traded November copper contract on the Shanghai Futures Exchange slipped 0.20 percent to 49,850 yuan a tonne.
RIO DE JANEIRO, July 15- Brazilian coal miner CCX, part of billionaire Eike Batista's EGX group, said on Monday that two of its board members had resigned, the latest high-profile departures from the conglomerate of mining, energy and logistics companies.
*Chile environmental regulator has also suspended gold mine. SANTIAGO, July 15- A Chilean appeals court on Monday formally suspended Barrick Gold Corp's controversial Pascua-Lama gold mine until the company builds infrastructure that will prevent water pollution, and it ordered a review of the company's environmental permit.
SANTIAGO, July 15- A Chilean appeals court on Monday formally suspended Barrick Gold Corp's controversial $8.5 billion Pascua-Lama gold mine until the company builds infrastructure that will prevent water pollution.
JOHANNESBURG, July 15- South Africa's Chamber of Mines offered a 4 percent pay rise to gold industry workers on Monday, a fraction of the 60 to 100 percent demanded by trade unions in salary talks billed as the toughest since the end of apartheid in 1994..
WASHINGTON, July 15- U.S. retail sales rose less than expected in June, adding to signs of a slowdown in economic growth that could argue against the Federal Reserve's plan to start trimming its monetary stimulus later this year. The Commerce Department said on Monday retail sales increased 0.4 percent last month as demand for automobiles soared.