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  • *Glencore, Sumitomo to own 25.05 percent each. *Glencore to manage asset and marketing. MELBOURNE/ LONDON, Oct 25- Rio Tinto has agreed to sell its majority stake in Australia's third-largest thermal coal mine to Glencore Xstrata and Japan's Sumitomo Corporation for just over $1 billion, pushing ahead with plans to focus on larger, core operations.

  • MEXICO CITY, Oct 25- Mexican copper miner and railroad operator Grupo Mexico said on Friday in a filing with the Mexican stock exchange that third-quarter profit rose 40 percent to $434.5 million dollars from $311 million in the same period last year.

  • *Scotland to give 9 mln pound grant. LONDON, Oct 25- A rescue of the Grangemouth refinery and petrochemical plant in Scotland was secured on Friday as the union and the company reached a deal, saving 1,400 jobs and preventing a heavy blow to Scotland's economy.

  • LONDON, Oct 25- The Grangemouth petrochemical plant in Scotland will not close after a last-minute deal between the union and owner Ineos has been reached, Sky News reported, citing sources.

  • SINGAPORE, Oct 25- London copper sagged on Friday to its lowest in two weeks and Shanghai metal hit its weakest in more than a month as fitful global factory growth and fears China will clamp down on credit reinforced a dim outlook for copper.

  • SINGAPORE, Oct 25- London copper held steady on Friday but was set to close lower for a third week in four as fitful global factory growth and fears China will clamp down on credit tarnished the outlook for metals demand.

  • METALS-Copper set to close down for third week in four Thursday, 24 Oct 2013 | 9:34 PM ET

    SINGAPORE, Oct 25- London copper held steady on Friday but was set to close lower for a third week in four after fitful global factory growth and fears China will clamp down on credit tarnished the outlook for metals demand. *Copper prices fell to the lowest since Oct. 11 at $7,137 a tonne on Thursday.

  • VANCOUVER/ TORONTO, Oct 24- Goldcorp Inc raised its cost estimate for building a gold mine at its Cerro Negro site in Argentina by up to a third on Thursday, and said production at the project, which is one of the company's three big mining developments, would be delayed.

  • NUUK, Oct 24- Greenland's parliament voted on Thursday to end a decades-long prohibition on mining for radioactive materials like uranium, further opening up the country to investors from Australia to China eager to tap its vast mineral resources.

  • Greenland votes to allow uranium, rare earths mining Thursday, 24 Oct 2013 | 5:19 PM ET

    NUUK, Greenland, Oct 24- Greenland's parliament voted on Thursday to end a decades-long prohibition on mining for radioactive materials like uranium, further opening up the country to investors from Australia to China eager to tap its vast mineral resources.

  • Oct 24- Goldcorp Inc on Thursday raised its estimate for building a gold mine at its Cerro Negro site in Argentina by up to a third, and said first production at the project, which is one of the company's three big mining developments, would be delayed.

  • Oct 24- Dow Chemical Co said it now expects to raise between $3 billion and $4 billion from asset sales in the next 18 to 24 months, at least double its earlier target, as it looks to shed businesses exposed to commodity price swings.

  • *China cbank declines cash injection for third day. LONDON, Oct 24- Copper dipped to its lowest level in nearly two weeks on Thursday as persistent concerns about credit tightening in top metals consumer China offset upbeat manufacturing growth there.

  • Oct 24- International Paper Co reported better-than-expected quarterly profit on Thursday, helped by strong sales of corrugated packaging for shipping boxes. John Faraci, the chief executive, said in an interview the global economy continued to improve, but at a pace below its potential.

  • Oct 24- Dow Chemical Co reported lower-than-expected quarterly results due to weak earnings at its performance materials unit and said it expects to raise $3 billion to $4 billion from asset sales. Dow Chemical shares fell nearly 4 percent in premarket.

  • Oct 24- International Paper Co said on Thursday its quarterly profit rose 61 percent, helped by strong sales of corrugated packaging for shipping boxes. For the third quarter, the company posted net income of $382 million, or 85 cents per share, compared with $237 million, or 54 cents per share, in the year-ago period. Revenue rose 5 percent to $7.41 billion.

  • Excess capacity in the refining industry, especially in Europe, and the shale revolution in North America will continue to pressurise Grangemouth and Britain's other oil refineries. Like their counterparts in continental Europe and the East Coast of the United States, Britain's refineries are old, small and relatively unsophisticated.

  • POLL-Growing supply bears down on 2014 copper prices Thursday, 24 Oct 2013 | 8:00 AM ET

    *2013 cash copper seen at $7,334.90/ T in 2013; $7,050 in 2014. *Copper surplus seen at 182,000 T in 2013; 328,000 T in 2014. LONDON, Oct 24- Copper is expected to end the year 8 percent lower, and tumble further in 2014 as demand struggles against strong supply growth from new and existing mines, a Reuters poll showed.

  • Oct 24- Dow Chemical Co, which is looking to exit businesses that are exposed to commodity price swings, said it planned to raise at least $3 billion to $4 billion from asset sales.

  • Mining stocks and oil gained on the data though shares in China ended lower as domestic investors worried that a spike in short-term money rates engineered by the central bank could hurt growth going forward. "What we're seeing is not much more than a stabilisation of growth expectations in China.

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