Arch Coal rose$. 11 or 6.0 percent, to $1.87. Consol Energy Inc. fell$. 24 or. 7 percent, to $35.11. Peabody Energy rose$. 32 or 3.9 percent, to $8.40.» Read More
June 26- Chemicals maker DuPont cut its operating profit forecast for the second quarter and the full year, saying sales in its agriculture and performance chemicals units increased at a slower pace than it had expected. DuPont has been focusing on its agriculture business, its biggest, for the past few quarters.
BRASILIA, June 26- A federal court has revoked the environmental license for a large gold mine planned by Belo Sun Mining Corp on the Xingu River in the Amazon, ruling that the company had failed to assess the impact on local indigenous communities. Belo Sun's stock fell 7 percent on the Toronto Stock Exchange to 19 Canadian cents.
*Gold down as crude oil down on easing Iraq fears. *Chinese May gold imports from Hong Kong fell 17 pct. NEW YORK/ LONDON, June 26- Gold fell on Thursday as upbeat U.S. jobless claims data and weaker crude oil prices sent prices below a two-month high hit earlier this week, and a lack of investment interest could further pressure the precious metal, traders said.
*Gold down as crude oil down on easing Iraq fears. NEW YORK/ LONDON, June 26- Gold fell on Thursday as U.S. consumer spending data and sliding crude oil prices sent prices below a two-month high earlier this week, and a lack of investment interest could further pressure the precious metal, analysts said.
June 26- Patrice Merrin, a Canadian mining executive, has withdrawn from the slate of directors nominated by activist investor Casablanca Capital to the board of Cliffs Natural Resources Inc after she was appointed to the board of Glencore Plc, Casablanca said on Thursday.
BRASILIA, June 26- A federal court has revoked the environmental license for a massive gold mine planned by Belo Sun Mining Corp on the Xingu River in the Amazon, ruling that the company had failed to assess the impact on local indigenous communities.
June 26- Aluminum group Alcoa Inc expanded its aerospace business and took a step away from the light metal on Thursday, announcing a $2.85 billion deal to buy a company that makes jet engine parts, largely out of nickel-based alloys and titanium.
*Glencore had been criticised for lack of female directors. *Patrice Merrin holds number of other industry posts. LONDON, June 26- Commodity trader and miner Glencore Plc, the last London- listed blue-chip company with an all-male board, has appointed Patrice Merrin as its first female board director.
*China copper premiums extend recovery to $90- $100. *China copper financing to tighten as end of H1 nears. "Indonesia is not even exporting all that it is producing, so that should make the deficit even bigger," metals strategist Stephen Briggs at BNP Paribas in London said.
LONDON, June 26- Glencore, the last British blue-chip company with an all male board, has appointed Patrice Merrin as its first female board director. In May, Glencore chairman and former BP boss Tony Hayward said that the company would appoint a female director by the end of the year.
BRUSSELS, June 26- The European Commission has launched an investigation into Chinese and Taiwanese stainless steel makers after a complaint from European rivals who say they are exporting at unfairly low prices.
*Growing supply may help China gain upper hand in pricing. SHANGHAI, June 26- Brazil's Vale, the world's biggest iron ore miner, is starting to offer discounts on shipments of the steelmaking raw material to top consumer China, joining Australian rivals in cutting prices following a global surge in production.
*Platinum up on lingering worries as workers return. NEW YORK/ LONDON, June 25- Gold rose slightly on Wednesday after U.S. growth data came in weaker than expected, hitting the dollar, but bullion's failure to extend gains suggested some investors were taking profits after prices hit a two-month high in the previous session, traders said.
June 25- Home Depot and other U.S. companies are working to eliminate or limit use of a type of pesticide suspected of helping cause dramatic declines in honeybee populations needed to pollinate key American crops, officials said on Wednesday.
*Europe, Asia equities fall on Iraq fears. LONDON, June 25- Copper rebounded to a three-week high on Wednesday as the market brushed aside weak U.S. economic growth data and refocused on falling global inventories.
*No data available for total stocks in Zurich free zone. By Silvia Antonioli and Clara Denina. Its vaults alone could hold around 20 percent of the total stocks of platinum in London and Zurich, the world's two main two storage centres for the metal, market players said.
*Iran drafting incentives for foreign investors. DUBAI, June 25- With the prospect of a diplomatic breakthrough next month bringing an end to Iran's international isolation, officials in Tehran are preparing to roll out the red carpet to foreign firms.
*Shanghai Gold Exchange chief says wants to have China gold fix. SINGAPORE, June 25- China and Singapore are vying to provide feasible gold price benchmarks in Asia, as calls grow in the top consuming region for more localized pricing of the precious metal at a time when the global benchmark is under regulatory scrutiny.
The five-month strike hit 40 percent of global production of the precious metal and has cost companies Lonmin, Anglo American Platinum and Impala Platinum a combined 24 billion rand in lost revenue. A supervisor at the Marikana operations of London- listed Lonmin told Reuters it could be a week or more before any workers went back underground.
SYDNEY, June 25- London copper was treading water near a three-week high on Wednesday, underpinned by dwindling global exchange stocks. *Three-month copper on the London Metal Exchange had eased 0.1 percent to $6,877 a tonne by 0135 GMT, after climbing the day before.
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