Arch Coal rose$. 07 or 3.8 percent, to $1.89. Consol Energy Inc. rose$. 61 or 1.7 percent, to $35.51. Peabody Energy rose$. 29 or 3.6 percent, to $8.25.» Read More
*Move will cut over half of Amplats workforce. JOHANNESBURG, July 21- World number-one platinum producer Anglo American Platinum is to sell a swathe of its most labor-intensive South African mines after a five-month strike shattered its hopes of ever making them profitable.
*U.S. National activity index June at 1230 GMT. LONDON, July 21- Copper steadied on Monday as risk-hungry investors saw value in a metal whose price lost 2.4 percent last week, though worries over China's property sector and a build-up of copper stocks kept gains in check.
July 21- Steel Dynamics Inc will buy Severstal's mini-mill in Columbus, Michigan for $1.62 billion in cash, and AK Steel will buy the Russian steelmaker's assets in Dearborn, Michigan for $700 million in cash. Last month, CEO Alexey Mordashov said that selling the U.S. assets could help decrease Severstal's debt and make the company a lot more profitable.
July 21- Steel Dynamics Inc will buy Severstal's Columbus mini-mill for $1.62 billion in cash, and AK Steel will buy the Russian steelmaker's assets in Dearborn, Michigan for $700 million in cash. AK Steel said the deal also included a cokemaking facility and interests in three joint ventures that process flat-rolled steel products.
*Copper speculators turn the most bullish since at least 2006. SYDNEY, July 21- London copper held near a three-week low on Monday as worries over the health of China's property sector and a build up in the country's stocks of the metal highlighted an expected market surplus in the second half.
SYDNEY, July 21- London copper held near its lowest in three weeks on Monday, hemmed in by nagging worries over China's property sector and a big Chinese stock build that highlighted an expected market surplus in the second half.
"The science is clear that mining the Pebble deposit would cause irreversible damage to one of the world's last intact salmon ecosystems," said Dennis McLerran, regional administrator for the EPA, in a statement.
July 18- U.S. environmental regulators laid out proposed protections for Alaska's Bristol Bay watershed on Friday, outlining restrictions that would effectively block the development of the Pebble deposit, which could be one of the world's largest copper mines.
JAKARTA, July 18- Indonesia has resumed some exports of metal ore concentrates after two firms gained permits to ship iron ore, zinc and lead, a mining ministry official said, the first shipments of their kind since the country changed its export rules in January.
SAO PAULO, July 18- Brazil's government approved the use of pesticides with the active ingredient cyantraniliprole to fight the coffee borer beetle, a note published in the country's Official Gazette said on Friday.
*Copper faces biggest weekly loss since early June. LONDON, July 18- Copper fell to a two-week low on Friday, and its weekly performance headed for the biggest drop in 18 weeks, on concerns about the Chinese property sector and an outlook for increased production. Copper has dropped nearly 3 percent this week, the biggest weekly drop since mid-March.
SYDNEY, July 18- London copper slipped on Friday and was set to notch up its biggest weekly loss since early June as nagging concerns about China's property sector and an influx of stocks to exchange inventories dimmed the price outlook for the metal. A sharp downturn in China's housing sector has soured copper's demand prospects.
SYDNEY, July 18- Shanghai copper edged down in early trade on Friday, and was targeting a second consecutive weekly loss as jitters persist about the health of China's property sector, while rising exchange stocks signaled easier supply ahead.
SINGAPORE/ LONDON, July 18- Iran's iron ore industry is in crisis because of low prices, a senior industry official said, with June exports the lowest in nearly two years and ore piling up at ports. Nearly all Iran's iron ore exports go to China and were worth a total of $2.4 billion in 2013, based on Chinese customs data.
*Malaysian airliner crash intensifies Ukraine tensions U.S. imposes more sanctions on Russia. NEW YORK/ LONDON, July 17- Gold surged 1.5 percent on Thursday as investors sought shelter in the precious metal on fears of further turmoil after news that a Malaysian passenger jetliner had been downed in Ukraine.
BRASILIA, July 17- Brazilian aircraft maker Embraer agreed to sell up to 60 commercial passenger jets to China and mining company Vale received two new credit lines from Beijing, as the presidents of the two countries signed agreements to deepen commercial ties.
Cliffs, a Cleveland- based iron ore and metallurgical coal producer, is locked in a proxy battle with Casablanca, which owns 5.2 percent of Cliffs' stock and accuses the company of destroying shareholder value. Casablanca wants to replace Cliffs' chief executive officer with its own nominee and six of the 11 board members, a majority, with its candidates.
NEW YORK/ LONDON, July 17- Gold surged 1.3 percent on Thursday as investors sought shelter in the precious metal on fears of further turmoil after news that a Malaysian passenger jetliner had been downed in Ukraine.
NEW YORK/ LONDON, July 17- Gold prices climbed more than 1 percent on Thursday on heightened geopolitical tensions and news of more U.S. sanctions against Russia, while palladium rose more than 1 percent on renewed supply worries.
JAKARTA, July 17- Newmont Mining risks its Indonesian mining licence being taken over by a state-owned firm if the U.S. miner does not resume copper production, the Southeast Asian nation warned, escalating a six-month dispute over export rules.
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