Barrick Gold Corp. fell$. 44 or 2.2 percent, to $19.91. Gold Fields fell$. 09 or 2.3 percent, to $3.77. Newmont Mining Corp. fell$. 33 or 1.3 percent, to $24.60.» Read More
PANAMA CITY, Sept 13- Panama's economy grew by 7.6 percent in the second quarter, led by stronger activity in transport and communications and brisk business in the construction and mining sectors, the government statistics agency said on Friday.
SINGAPORE/ LONDON, Sept 13- Trading house Noble has won the right to sell some zinc output from Nyrstar, the world's biggest producer, taking over from Glencore Xtrata a deal worth up to $650 million a year, sources familiar with the situation said. "Noble have won the Nyrstar zinc metal marketing business- the one which Glencore have to exit," one source said.
*Precious metals inflows in equity funds at $275 million in July and August. *Precious metals ETFs outflows at $2 billion in July and August. LONDON, Sept 13- After a once-in-a-generation plunge in the bullion price left investors nursing their wounds, gold equities- long unloved- showed the biggest two-month net inflow for two years in July and August.
MELBOURNE, Sept 13- A dispute between Aquila Resources and a partner on the long-delayed $7 billion West Pilbara Iron Ore project in Australia erupted in the open on Friday, heralding a possible ownership shake-up.
*China indexes set for biggest weekly gain since February. *China coal counters extend losses on lower coal prices. Sept 13- Hong Kong and China shares fell on Friday, led by Chinese cyclical counters from banks to materials as investors booked profits after robust gains earlier in the week.
MELBOURNE, Sept 13- Aquila Resources Ltd said on Friday it has held talks to bring in new investors for a long-delayed $7 billion iron ore project in Australia, as one of its key partners may no longer be committed to the development.
LONDON, Sept 12- Swiss police searched the Geneva residence of Israeli billionaire Beny Steinmetz last month as part of an investigation into mining rights in Guinea, a spokesman for BSG Resources, the mining arm of his conglomerate, said on Thursday.
*Precious metal prices fall on Syria, worries Fed may scale back stimulus. NEW YORK, Sept 12- U.S. stocks slipped on Thursday, ending seven straight days of gains by the S&P 500 index as a drop in precious metal prices dragged mining shares lower.
NEW YORK/ LONDON, Sept 12- Gold dropped 3 percent on Thursday, as a sudden price tumble in the futures market shattered investor confidence, sending the metal to its biggest one-day drop in more than two months. Silver sank over 5 percent and platinum group metals were lower after gold's big jolt lower early in London trading.
NEW YORK, Sept 12- U.S. stocks slipped on Thursday, ending seven straight days of gains by the S&P 500 as a drop in precious metal prices dragged mining shares lower. The Dow Jones industrial average was down 26.03 points, or 0.17 percent, at 15,300.57. The Nasdaq Composite Index was down 9.04 points, or 0.24 percent, at 3,715.97.
NEW YORK, Sept 12- U.S. stocks edged lower on Thursday, on track to snap seven straight days of gains by the S&P 500 index, as a drop in precious metal prices dragged mining shares lower. The materials sector fell more than 1 percent, with gold miner Newmont Mining off 3.5 percent at $28.44.
**ENDEAVOUR SILVER CORP, $4.31, down 7 pct. **BARRICK GOLD CORP, $17.81, down 4.4 pct. **MCEWEN MINING, $2.41, down 8 pct.
The recent bankruptcy of Longview, a highly efficient West Virginia coal plant, is an example of the pressures already facing the industry. When the Longview plant went into operation in 2011- the first new coal plant to go online in West Virginia in 18 years- its owners wanted to show that there is a future role for coal in the U.S. energy mix.
*Romania may have to pay $2 bln damages to Canada's Gabriel. *Company aims to set up Europe's biggest open-cast mine. BUCHAREST, Sept 12- Romania will have a hard time defending itself in court if it rejects plans by Canada's Gabriel Resources to set up Europe's biggest open-cast gold mine, the infrastructure minister said on Thursday.
**ENDEAVOUR SILVER CORP, $4.31, down 7 pct. **BARRICK GOLD CORP, $17.81, down 4.4 pct. *MCEWEN MINING, $2.41, down 8 pct.
MELBOURNE/ LONDON, Sept 12- Bankers trying to move a mountain of mining assets for sale are being tested to the limit by unreliable buyers, stubborn sellers and a widening gap between them that has already caused billions of dollars' worth of deals to be shelved.
LONDON, Sept 12- Shell is to make John Abbott head of its fuels and chemicals business, pitching the deliverer of its Canadian oil sands expansion project into an industry debate over whether the "downstream" business he will run still fits with oil and gas extraction.
MOSCOW, Sept 12- Russia's Norilsk Nickel, the world's biggest nickel producer, said it plans to slim down and focus on its top assets, joining other big mining companies in shedding businesses in the face of weak metals prices.
HOUSTON, Sept 11- Trial began on Wednesday in the first four of 48,000 civil lawsuits filed against BP Plc for pollution from the 460,196 barrel per day refinery it owned in Texas City, Texas until early this year, according to court documents.
HOUSTON, Sept 11- Trial began on Wednesday in the first four of 48,000 civil lawsuits filed against BP Plc for pollution from the 460,196 barrel per day refinery it owned in Texas City, Texas until early this year, according to court documents. The four plaintiffs whose cases began on Wednesday are seeking compensation of $200,000 each from BP.