Arch Coal fell$. 05 or 1.6 percent, to $3.15. Consol Energy Inc. rose$. 26 or. 7 percent, to $40.18. Peabody Energy fell$. 21 or 1.3 percent, to $16.11.» Read More
OSLO/ ADDIS ABABA, March 19- Ethiopia, the United States and Papua New Guinea are on course to join the leading world initiative to combat corruption in the energy and mining industries.
LONDON, March 19- CME Group will launch a physically delivered North American aluminium contract this May. It represents the most credible challenge to the London Metal Exchange's pricing franchise in the global aluminium market since... well, since the CME's previous aluminium contract. It's easy to forget now, but CME has been here before.
The economy can't grow without increasing electrification, which requires more power plants, and given coal is the cheapest form of fuel and is abundant, it makes sense that India is looking to boost the use of the fuel. Coal output is also concentrated in the north and east of India, while power demand growth is more toward the south and west.
*Worries over China credit weigh on copper outlook. LONDON, March 18- Chilean copper miner Antofagasta paid out an unexpectedly large dividend for 2013, despite a 30 percent drop in annual core profit, opting to distribute cash rather than hold it at low interest rates.
*Worries over China growth weigh on copper outlook. LONDON, March 18- Chilean copper miner Antofagasta announced on Tuesday a unexpectedly large dividend payout for 2013, despite a 30 percent drop in annual core profit as falling metal prices and soaring costs offset an increase in output.
JOHANNESBURG, March 17- With no end in sight, South Africa's platinum strike is set to become the biggest single stoppage to hit the country's mining sector since the end of apartheid in 1994, and now threatens the viability of an industry already in deep trouble.
CNBC's Dominic Chu digs into the top three most actively traded materials ETFs and reveals their biggest holding.
CNBC's Dominic Chu dissects the best performing stocks in the materials sector.
LONDON, March 17- Glencore Xstrata could reach an agreement as soon as this week over the sale of its large Peruvian copper mine Las Bambas to a Chinese consortium led by Minmetals, two sources with knowledge of the situation said.
*Some 30 pct of capacity may be forced to leave mkt in 3 yrs- China Hongqiao CEO. HONG KONG, March 17- Major aluminium producer China Hongqiao Group Limited expects its production to rise by about 20 percent this year even as overcapacity could force some smaller producers into bankruptcy.
*ShFE copper premiums slip by $5 to $120- $140- Shmet. SYDNEY, March 17- London copper fell on Monday, hovering close to last week's three-year lows on concerns about Chinese growth and the potential for further defaults that encouraged fresh bets that prices will fall.
TOKYO, March 17- Tokyo Steel Manufacturing Co will maintain current product prices for delivery in April as customer stockpiles grow after a winter freeze and labour shortages curbed construction projects, said the country's top electric furnace steelmaker.
The Fed's custody holdings report is usually a sleeper, but this week there was a whopping withdrawal by a central bank. Speculation is it was Russia.
March 14- Trinseo SA, a plastics maker backed by Bain Capital, filed again with U.S. regulators to raise up to $200 million in an initial public offering of common stock.
*Gold miners sell production up to a year forward. *Hochschild, Detour, Petropavlovsk among the hedgers. "I see a short-term hedge as a weapon in the arsenal of a financial director to protect the company and generate some short to medium-term security," said Markus Bachmann, manager of precious metals and global resources funds at Craton Capital.
*Acquisition prospects in Asia white cement. ROME, March 14- Italy's Cementir group is looking at acquisition opportunities to strengthen its position in white cement and could finalise a deal within 12 months, possibly in Asia, chief executive Francesco Caltagirone said.
LONDON, March 14- Metals markets are nervous that nearly half a million tonnes of hidden zinc may be delivered on the London Metal Exchange next week, shaking a market unsure about the extent of further concealed stocks.
*Mechel should repay $1 bln of debt this year. MOSCOW, March 14- Russia may again have to step in to help coal and steel group Mechel after the country's largest private bank asked for the early repayment of a $150 million loan.
General Motors is facing increasing pressure to compensate victims for an ignition defect that prompted the recall of 1.6 million vehicles.
*Mechel shares down 14 pct in Moscow, underperforming index. MOSCOW, March 14- Indebted Russian coal miner and steelmaker Mechel is in talks with lenders on refinancing and early debt repayment, the company said on Friday.
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