FORT WAYNE, Ind.— In a story and headlines about third-quarter results, The Associated Press, in a story generated by Automated Insights, reported erroneously that Steel Dynamics Inc. missed third-quarter earnings expectations. Steel Dynamics beats 3 Q profit forecasts. FORT WAYNE, Ind.— FORT WAYNE, Ind.— Steel Dynamics Inc. on Monday reported third-quarter...» Read More
April 30- Barrick Gold Corp reported a dramatic drop in first-quarter earnings on Wednesday and cut its forecast for 2014 copper production due to damage to the main conveyor at its Lumwana mine in Zambia that had halted ore processing there.
*GDP +0.2 pct in Feb, +0.5 pct in Jan, -0.4 pct in Dec. *Seasonally adjusted crop production down on intentions. OTTAWA, April 30- The Canadian economy grew by 0.2 percent in February from January as expected, moving past December's weather-induced decline but growing only at a modest pace, according to Statistics Canada data released on Wednesday.
April 30- Barrick Gold Corp reported a sharp drop in first quarter earnings on Wednesday and cut its forecast for 2014 copper production after damage to the main conveyor at its Lumwana mine in Zambia halted processing there.
April 30- International Paper Co posted a higher-than-expected quarterly profit on Wednesday due to rising North American demand for its corrugated shipping boxes. IP, which has a large joint venture in Siberia, is closely monitoring the tension between Russia and the Ukraine, but so far has taken no action.
*Its facilities could be sold for a symbolic 1 euro- Italian media. NEW DELHI/ LONDON, April 30- India's billionaire brothers, Naveen and Sajjan Jindal, could be the answer Pope Francis is looking for.
April 30- International Paper Co, the largest North American producer of corrugated shipping boxes, posted a quarterly loss on Wednesday due to charges to close an Alabama paper mill. The company had a first-quarter net loss of $95 million, or 21 cents per share, compared with net income of $318 million, or 71 cents per share, in the year-ago period.
April 30- Canadian oil and gas producer Cenovus Energy Inc reported a better-than-expected operating profit, helped by a 48 percent jump in production at its Christina Lake oil sands project in northern Alberta.
April 30- Barrick Gold Corp, the world's largest gold miner, reported a 90 percent fall in quarterly earnings, hurt by lower gold prices and production. Net earnings attributable to shareholders fell to $88 million, or 8 cents per share, in the first quarter ended March 31, from $847 million, or 85 cents per share, a year earlier.
GENEVA, April 30- Guinea's President Alpha Conde said on Wednesday he would welcome a bid by Brazilian miner Vale for re-allocation of mining permits because it had not been involved in the corruption that led to their cancellation.
April 30- Canadian oil and gas producer Cenovus Energy Inc reported a 44 percent rise in first-quarter profit, helped by increased production at its Christina Lake oil sands project in northern Alberta.
GENEVA, April 30- Guinea's President Alpha Conde said on Wednesday that he would strongly welcome a bid by Vale for re-allocation of mining permits, stating that the Brazilian miner had not been involved in the corruption that led to their cancellation.
LONDON, April 30- Nickel prices inched higher on Wednesday, on track to post their biggest monthly gain in 19 months, on tight supplies from Indonesia and fears of sanctions on top refined producer Russia. Three month nickel on the London Metal Exchange rose 1 percent to $18,350 a tonne at 0927 GMT.
*Asset prices in Dubai soar with economic recovery. RAS AL KHAIMAH, United Arab Emirates, April 30- W hen French wine and cognac bottle maker Saverglass decided to expand three years ago, it chose a relatively remote, less affluent location in the United Arab Emirates for its plant rather than the business hubs of Dubai and Abu Dhabi.
LAUNCESTON, Australia, April 30- First it was oil refining and now it's petrochemicals getting a reality check in China. In recent months China has seen a slew of delays and cancellations to oil refinery and petrochemical projects, as the full impact of slower economic growth, pollution concerns and foreign competition hits home.
SYDNEY, April 30- Australian mining firm Padbury Mining's $6.5 billion deal to fund a new iron ore port and rail development on the resource-rich western coast has fallen through, the company said on Wednesday.
OSLO, April 30- Fertiliser maker Yara reported better-than-expected first-quarter earnings on Wednesday and said its outlook had improved on better profit margins for the global farming sector, sending its shares more than 6 percent higher.
MEXICO CITY, April 29- Mexican metals miner and railroad operator Grupo Mexico said on Tuesday its first-quarter profit fell 34.8 percent compared with the same period a year earlier as an increase in production failed to offset steep falls in metal prices.
SYDNEY, April 30- London copper inched higher on Wednesday but remained below recent eight-week peaks, underpinned by tight credit conditions in top consumer China and as volumes fade ahead of a string of economic data and a series of holidays this week. *Copper on Monday stretched to its highest since March 7 at $6,798 a tonne.
CARACAS, April 29- Venezuela said on Tuesday it would start crushing abandoned cars and bicycles to provide raw materials for housing construction and supplement drastically reduced amounts of local steel.
MARIKANA, South Africa, April 29- Members of South Africa's striking mining union AMCU have rejected the latest wage offer from the world's top three platinum producers, its president said on Tuesday, extending a crippling 14- week stoppage.
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