*Q2 drop in demand first in eight years- GFMS. SINGAPORE/ LONDON, July 31- Chinese gold jewelry demand fell for the first time in eight years in the second quarter and could drop as much as 20 percent in the full year, a leading precious metals consultancy said.» Read More
Cliffs, a Cleveland- headquartered iron ore and coal producer, said it plans to reduce its capital spending in 2014 by more than 50 percent to between $375 million and $425 million as it cuts back its Bloom Lake Mine expansion and idles production at its Wabush Mine.
Feb 11- Specialty chemicals maker PQ Holdings Inc, backed by Carlyle Group LP, filed with U.S. regulators to raise up to $450 million in an initial public offering of common stock. BofA Merrill Lynch, Credit Suisse Securities and JP Morgan Securities are the lead underwriters, PQ said.
Feb 11- The Energy Information Administration on Tuesday lowered its U.S. crude oil production forecast for this year and next due to recent severe weather but said improving technology could boost shale oil output over the next two years.
*Adjusted earnings $0.48/ share vs estimates $0.37/ share. Feb 11- U.S. chemical maker Huntsman Corp's forecast higher earnings across all its business units this year, after posting a better-than-expected quarterly profit as cost cuts boost margins.
Gold on track for biggest one-day gain in three weeks. NEW YORK/ LONDON, Feb 11- Gold rose to a three-month high on Tuesday, gaining more than 1 percent after incoming Federal Reserve Chair Janet Yellen made it clear she would not make any abrupt changes to the central bank's commitment to a measured tapering of bond purchases.
*In 2009, Goldman bought firm that once sold Iran uranium. LONDON, Feb 11- Goldman Sachs and Deutsche Bank are quietly trying to get out of a business few people know they are even in: trading supplies of raw uranium known as yellowcake.
India's trade deficit narrowed in January, but analysts are warning that now is not the time to ease gold import controls.
*Gold retreats from highest since mid-November. LONDON, Feb 11- Gold retreated from a near three-month high on Tuesday after incoming Federal Reserve Chair Janet Yellen reiterated the U.S. central bank's commitment to a measured tapering of its bullion-friendly policy stimulus.
*Platinum dollar prices fail to benefit from strikes. LONDON, Feb 11- The world's biggest platinum-backed exchange-traded fund, based in South Africa, reported its largest ever outflow last week after the rand platinum price hit 5-1/ 2 year highs, prompting domestic investors to cash in gains.
Feb 11- U.S. fertilizer company Mosaic Co reported a 79 percent plunge in quarterly profit on Tuesday as prices fell. Net earnings for the fourth quarter slid to $129 million, or 30 cents per share, the company's second-smallest quarterly profit in four years.
Adjusted EPS 48 cents vs estimates 37 cents. Feb 11- U.S. chemical maker Huntsman Corp's fourth-quarter adjusted profit comfortably beat analysts' estimates, helped by higher demand for polyurethane used in foam insulation and paint pigments.
Feb 11- U.S. chemical maker Huntsman Corp posted a profit in the fourth quarter, helped by improved demand for pigments and polyurethanes used in foam insulation. The company's net income was $41 million, or 17 cents per share, in the quarter ended Dec. 31, compared with a loss of $40 million, or 17 cents per share, a year earlier. Revenue rose 3 percent to $2.71 billion.
BERLIN, Feb 10- German tyre and car parts group Continental has bought U.S. private equity investor Carlyle Group's rubber and plastics division for about 1.4 billion euros, it said on Monday.
TORONTO, Feb 10- Canadian base metal miner HudBay Minerals Inc said it plans to buy exploration company Augusta Resource Corp in a bid to gain control of its Rosemont project in Arizona, an asset widely viewed as one of the most promising copper projects in the United States.
JOHANNESBURG, Feb 10- Africa's top bullion producer AngloGold Ashanti is selling its Namibian unit for $110 million to private mining group QKR, it said on Monday, the disposal being part of a renewed drive to rationalise and focus on its bigger operations.
Feb 7- Cameco Corp, the world's third-largest uranium producer, on Friday scrapped its lofty production target for the radioactive metal due to excess global supply in an uncertain market.
WASHINGTON, Feb 7- U.S. officials wrongly aided coal companies seeking federal land leases and accepted below-value bids in a flawed program costing taxpayers tens of millions of dollars, according to an independent review of the U.S. Interior Department.
WASHINGTON, Feb 7- U.S. officials wrongly advised coal companies when they leased federal land in a flawed program costing taxpayers millions of dollars, according to an independent review of the U.S. Interior Department.
ON BOARD AIR FORCE ONE, Feb 7- Syngenta AG, the world's largest crop chemicals company, has commitments to sell its entire supply of a genetically modified corn variety that is not approved by China, U.S.
ON BOARD AIR FORCE ONE, Feb 7- The world's largest crop chemicals company, Syngenta AG, has commitments to sell its full supply of a genetically modified corn variety known as Agrisure Viptera or MIR 162 for the 2014 growing season, U.S.
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