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  • BEIJING, Nov 1- Sinopec Corp won initial approval last month from China's top economic planner for a plan to build a $10- billion refinery and petrochemical complex in Shanghai, two company officials said. The new Sinopec plant, designed to process mostly imported crude oil, will be built in the Caojing industrial park, some 50 km from the centre of Shanghai.

  • SINGAPORE, Nov 1- London copper edged up on Friday as Chinese factory data beat expectations and was eyeing its biggest weekly gain in six, underpinned by growing signs of economic stabilisation in the world's top metals consumer.

  • TORONTO, Oct 31- Barrick Gold Corp said on Thursday it would stop development of its Pascua-Lama mine in South America indefinitely, a surprise reversal on a project that has already cost the world's largest gold producer more than $5 billion.

  • TORONTO, Oct 31- Barrick Gold Corp said on Thursday it would stop development of its Pascua-Lama mine in South America indefinitely, a surprise reversal on a project that has already cost the world's largest gold producer more than $5 billion.

  • *Silver down more than 3 pct, platinum group metals slump. NEW YORK/ LONDON, Oct 31- Gold and other precious metals fell on Thursday as commodity funds sold to square books at the end of October, and as investors kept selling after the Federal Reserve's latest policy outlook offered few surprises. Gold's daily decline was the second biggest among commodities.

  • *Silver down more than 3 pct, platinum group metals slump. NEW YORK/ LONDON, Oct 31- Gold and other precious metals fell on Thursday, pressured as commodity funds sold to square books at the end of October, and as investors kept selling after the Federal Reserve's latest policy outlook offered few surprises.

  • TORONTO, Oct 31- Barrick Gold Corp said on Thursday it would stop development of its Pascua-Lama mine in South America indefinitely- a surprise reversal on a project that has already cost the world's largest gold miner more than $5 billion.

  • METALS-Copper falls on strong dollar, supply outlook Thursday, 31 Oct 2013 | 1:26 PM ET

    *Copper on track for first monthly fall since June. LONDON, Oct 31- Copper fell on Thursday on a strong dollar after the U.S. Copper has traded in a $7,000- $7,420 range since early August due to swelling supply and slower demand growth in China and is on track to post its first monthly fall since June.

  • SAO PAULO, Oct 31- Gerdau SA, the largest steelmaker in the Americas, on Thursday reported a higher-than-expected quarterly profit, with rising sales volumes and cost controls in Brazil offsetting declining margins in North America, Europe and India.

  • *Cuts 2013 capital budget to $260 mln- $290 mln from $275 mln- $325 mln. Oct 31- Alpha Natural Resources Inc joined rival Arch Coal Inc in forecasting lower mining costs for the year as it reins in spending to cope with weak coal prices.

  • Crown said in a statement that it would buy Mivisa from investment funds managed by affiliates of The Blackstone Group LP, N +1 Mercapital and management. Mivisa has 10 manufacturing facilities, including six in Spain and one in Morocco, Crown said.

  • METALS-Copper slips on strong dollar after Fed outlook Thursday, 31 Oct 2013 | 7:26 AM ET

    *Copper on track for first monthly fall since June. LONDON, Oct 31- Copper slipped on Thursday on a strong dollar after the U.S. Copper has traded in a $7,000- $7,420 range since early August due to swelling supply and slower demand growth in China and is on track to post its first monthly fall since June.

  • Oct 31- U.S. coal miner Alpha Natural Resources Inc reported a wider quarterly loss, hurt by lower coal prices and shipments. Net loss widened to $458 million, or $2.07 per share, in the third quarter ended Sept. 30 from $46 million, or 21 cents per share, a year earlier. Revenue fell 25 percent to $1.20 billion.

  • Barrick to suspend construction at Pascua-Lama mine Thursday, 31 Oct 2013 | 6:40 AM ET

    Oct 31- Barrick Gold Corp said on Thursday it would suspend construction at its huge Pascua-Lama gold-silver mine. The company had been expected to raise its estimate of the cost of completing the project, located high in the Andes on the border between Chile and Argentina.

  • *Audley Capital's Julian Treger takes CEO job at Anglo Pacific. BANGALORE/ LONDON, Oct 31- From fund giant BlackRock to activist shareholder Julian Treger, mining investors seeking predictable returns and better cash flows are stepping into mine finance.

  • SHANGHAI, Oct 31- The looming bailout of Suntech Power may mark a temporary victory for the city of Wuxi in its struggle to keep its champion employer afloat, but it highlights a singular weakness in China's reform strategy: a deep-rooted political inability to allow inefficient businesses to go bust.

  • LONDON, Oct 31- Glencore Xstrata beat market forecasts with copper output that rose over a third in the quarter, boosted by improvements in its Congolese and Chilean mines, as metals helped its trading arm perform "in line" with its expectations. Among diversified miners, Glencore Xstrata has the biggest exposure to copper.

  • LAUNCESTON, Australia, Oct 31- It's two weeks since China's first iron ore futures contract started trading and so far volumes and open interest are robust and prices are slightly lower.

  • Oct 30- Newmont Mining Corp said on Wednesday its Akyem project in Ghana and its Phoenix Copper Leach project in Nevada have achieved commercial production on schedule and on budget.

  • LIMA, Oct 30- Peruvian precious metals miner. its net income fell 65 percent to $65.1 million in the third quarter from the same period a year earlier. Buenaventura is Peru's largest publicly traded mining company.

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