BEIJING, Dec 13- China, the world top energy user, has given the go-ahead to build six new coal mines together with a massive thermal power plant in its northwest, despite warnings about local water shortages as well as the growing risk of pollution.» Read More
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.
SINGAPORE, July 15- London copper drifted on Monday after data from China showed a slowdown in the world's top consumer of most commodities was not as bad as some investors had feared, while focus shifted to U.S.
SINGAPORE, July 15- London copper steadied on Monday after data from China showed the slowdown in the world's top consumer of most commodities was not as bad as some investors had feared, while focus shifted to U.S.
SINGAPORE, July 15- London copper prices slipped on Monday as traders cut risk ahead of key economic data later in the day that could show China's growth slowed markedly in the second quarter. *The most-traded November copper contract on the Shanghai Futures Exchange slid 0.72 percent to 49,870 yuan a tonne.
LONDON, July 12- Copper fell on Friday as the dollar firmed and as traders cut risk ahead of Chinese data next week, but the metal remained on track for the biggest weekly gain in two months after the U.S. signalled it would keep monetary policy loose.
*Export-reliant Japan, S.Korean steelmakers may be hit. The protectionist steps taken by steel-importing countries could hit steelmakers from major exporters Japan and South Korea.
SINGAPORE, July 12- London copper held near its highest in a month on Friday and was on track to post its biggest weekly gain in two months, as U.S. signals on keeping monetary policy looser for longer eclipsed worries over growth in top consumer China.
SAO PAULO, July 11- Brazilian Indians seeking better public services have stopped blocking a key railway carrying iron ore from global miner Vale's giant Carajas mine to port, the company said on Thursday.
*Shanghai copper rallies nearly 5 pct to top 50,000 yuan. SINGAPORE, July 11- London copper rallied more than 3 percent to its highest in nearly a month on Thursday, after U.S. Shanghai copper rallied nearly 5 percent at one stage as some traders rushed to cover short positions.
Federal Reserve Chairman Ben Bernanke said accommodative monetary policy would be needed for the foreseeable future. *Three-month copper on the London Metal Exchange hit its highest since July 4 at $6,994 a tonne, before edging back to $6,940 by 0125 GMT, still up 1.7 percent and extending gains from the previous session.
WASHINGTON, July 10- China expressed a desire to increase its investment in U.S. shale gas during talks between the two countries on Wednesday, an American official said. Companies in China, which has the largest shale reserves in the world, are keen to get the know-how for drilling in such unconventional fields.