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LONDON, Jan 29- Bumi Plc, the London- based Indonesian coal mining group riven by shareholder disputes, urged investors on Tuesday to reject British financier Nat Rothschild's proposals to overhaul the board and back its own plan for peace instead.
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MOSCOW, Jan 29- Two Russian billionaires have been shortlisted to buy a stake in Polyus Gold, sources said, in a deal which could pave the way for a merger with rival Polymetal to create a national gold mining champion.
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Nat Rothschild, Co-founder of Bumi stepped up the bitter battle for control of the Indonesia-focused miner, attacking both the board for its inaction and CEO Nick von Schirnding for "embellishing his CV."
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LONDON, Jan 29- Anglo American Plc will take a $4 billion writedown on its Minas Rio iron ore operation in Brazil after delays and cost overruns forced the mining group to increase expenditure on the project.
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*Komatsu cuts annual operating profit forecast by 12 pct. TOKYO, Jan 29- Japan's Komatsu Ltd, the world's second-biggest maker of construction machinery, cut its annual profit for a second time as demand for mining equipment in Indonesia tumbled on the back of steep declines in thermal coal prices.
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*Deal now before U.K. Takeover Panel. MOSCOW, Jan 29- Two Russian billionaires have been named by a financial daily as the possible joint buyers of a 38 percent stake in Russia's largest gold mining firm, Polyus Gold International Ltd, in a deal now facing scrutiny by the U.K. Takeover Panel.
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LONDON, Jan 29- Bumi Plc, the London- listed Indonesian coal mining group riven by a shareholder dispute urged investors on Tuesday to reject British financier Nat Rothschild's proposal to replace the board and back its own plan for peace instead.
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LAUNCESTON, Australia, Jan 29- Coking coal prices are likely to get a lift from the flooding in Australia's Queensland state, but are unlikely to scale the peaks reached the last time the world's biggest producer was waterlogged.
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SINGAPORE, Jan 29- London copper rose on Tuesday after a business spending survey suggested a recovery in the United States was taking root, but gains were capped amid caution ahead of a Federal Reserve policy meeting and a raft of U.S and China data this week.
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SINGAPORE, Jan 29- London copper rose on Tuesday after a business spending survey suggested a recovery in the United States was taking root, but traders were cautious ahead of a U.S. monetary policy meeting and a raft of U.S and China data this week.
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*Technical pressure adds to platinum selling below $1,700. *Russia, Turkey sharply added gold reserves in December. NEW YORK, Jan 28- Platinum posted its biggest one-day drop in over a month on Monday, as news the world's largest platinum producer Anglo American Platinum agreed to postpone massive job cuts eased supply fears.
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PARIS/ DETROIT, Jan 28- Airbus warned the airline industry of risks related to lithium batteries almost a year before two safety incidents grounded 787 Dreamliners built by its chief rival Boeing, according to a presentation seen by Reuters.
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Jan 28- Canadian fertilizer company Agrium Inc will not split its wholesale and retail divisions as its biggest shareholder, Jana Partners, wants because doing so would "destroy value" for shareholders, Chief Executive Mike Wilson said on Monday.
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JOHANNESBURG, Jan 28- South Africa, Anglo American Platinum and labour unions have agreed to postpone a restructuring exercise that could lead to 14,000 job cuts to allow for more talks, the minerals department said.
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MOSCOW, Jan 28- Russia's Norilsk Nickel has asked the Kremlin for a tax break worth $500 million a year, a newspaper said on Monday, in a move that drew scepticism from analysts who said the world's top nickel and palladium miner did not need the cash.
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*Spot palladium hits highest since Sept 2011 at $741.75/ oz. LONDON, Jan 28- Gold edged lower on Monday as investors remained cautious ahead of an eagerly awaited U.S. Spot gold inched down 0.1 percent to $1,656.40 an ounce by 1026 GMT, after dropping 1.5 percent last week, its sharpest weekly loss in a month.
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SINGAPORE, Jan 28- London copper rose on Monday, as the euro strengthened on signs economic recovery is taking root in Europe and after the head of China's sovereign wealth fund said that growth in the country could accelerate more quickly than expected.
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For all the doomsayers predicting an end to its mining boom, Australia is pumping out more metal, coal and gas thanks to a investment bonanza that will peak this year, boosting exports needed to extend a jaw-dropping 21-year run of economic growth.
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*Best yet to come as LNG turns Australia into global energy player. SYDNEY, Jan 28- For all the doomsayers predicting an end to its mining boom, Australia is pumping out more metal, coal and gas thanks to a investment bonanza that will peak this year, boosting exports needed to extend a jaw-dropping 21- year run of economic growth.
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If next week's unemployment number comes in a little better than expected or even at expectation, that will put pressure on the market, "said Frank McGhee, head precious metals trader at Integrated Brokerage Services LLC. Spot gold was down 0.6 percent at $1,658.11 an ounce Jan. 11 at $1,655.39 an ounce.