Arch Coal fell$. 12 or 2.2 percent, to $5.31. Consol Energy Inc. fell$. 22 or. 6 percent, to $35.46. Peabody Energy fell$. 19 or. 9 percent, to $20.44.» Read More
SINGAPORE, Jan 31- London copper held near its 2013 peak on Thursday as investors focused on a revival in U.S. consumer spending and a recovery in Europe's banks as evidence of a strengthening global economic recovery. *Copper on Wednesday climbed to its loftiest since Jan. 3 at $8,245, drawing close to the early January top of $8,256.50.
Jan 30- The uneven impact of the shale oil boom on the U.S. refining industry was brought into stark relief this week as Midwest and Gulf Coast refiners with easy access to cheap domestic crude posted strong earnings, while weak margins spelled the death of another East Coast plant.
GENEVA, Jan 30- Afghanistan expects Chinese and Indian investments in iron ore and copper mining to buoy its economy after NATO troops withdraw in 2014, the country's finance minister said on Wednesday.
SINGAPORE, Jan 30- London copper rose to nearly a three-week high on Wednesday, as hopes for improving global growth fanned risk appetite and weighed on the dollar, but traders were wary ahead of a Federal Reserve meeting and Chinese factory data.
Australian mining-to-retail conglomerate Wesfarmers on Wednesday cut its full-year coal sales forecast, citing flooding in Australia and weak demand in Asia that is depressing sales prices.
SINGAPORE, Jan 30- London copper rose to a one-week top on Wednesday, rising for a third straight session as strong U.S housing data reinforced hopes that an economic recovery was gathering pace, although caution over a Federal Reserve policy meeting capped gains.
*It could take several weeks to resume full coal production in Queensland- resources council. SYDNEY, Jan 30- Australian mining-to-retail conglomerate Wesfarmers on Wednesday cut its full-year coal sales forecast, citing flooding in Australia and weak demand in Asia that is depressing sales prices.
*AK Steel Q4 loss smaller than expected. Jan 29- Steel makers U.S. Steel Corp and AK Steel Holding Corp expect results to improve in the current quarter as the global economy recovers and the cost of raw materials such as coal and iron ore stays low.
*Fourth-quarter adjusted earnings $34/ shr vs est $32/ shr. Jan 29- Specialty glass maker Corning Inc's quarterly profit beat Wall Street estimates as strong sales of its scratch-resistant Gorilla Glass used in smartphones and tablets more than made up for weakness in its LCD glass business.
*Earnings of $1.88 per share beat Wall Street view of $1.18. In November, the International Energy Agency forecast that U.S. oil output, aided by surging volumes from shale and other onshore rock formations, could top production from Saudi Arabia and Russia by 2017..
Jan 29- U.S. Steel Corp, the largest steel producer in the United States by volume, reported a narrower loss in the fourth quarter as lower costs helped to offset a decline in prices ahead of a forecast rebound in demand during the current three months.
Jan 29- International Paper Co posted better-than-expected quarterly profit on Tuesday as strong sales of corrugated boxes offset weakness in the consumer packaging unit.
Jan 29- U.S. Steel Corp, the largest steel producer in the United States by volume, reported a narrower loss for the fourth quarter as lower costs helped offset a steep decline in prices. Net loss narrowed to $50 million, or 35 cents per share, in the quarter ended Dec. 31, from $211 million, or $1.46 per share, a year earlier.
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.
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.
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."
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.
*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.
*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.
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.