Vale SA
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BHP Billiton's new chief executive will take a pay cut as miners struggle with tougher market conditions, and has stripped out a layer of top executives.
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"We take a long-term view that demand for potash will resume," EuroChem CFO Andrey Ilyin said on the sidelines of the BMO Farm to Market conference in New York, after giving a presentation. "
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*Company looks to buy shares restricted since Cargill split. May 13- U.S. fertilizer producer Mosaic Co plans to have accumulated a $2 billion cash pile by the end of May to buy back shares locked up since its split from agribusiness giant Cargill Inc..
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*Expects $2 bln surplus cash, $3 bln debt capacity as of May 31. May 13- Mosaic Co, the second-largest fertilizer producer in North America, will delay plans to expand potash production in Western Canada due to unfavorable market conditions, a company executive said. Vale SA said in March that it planned to pull out of a $6 billion potash project in Argentina.
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HONG KONG, May 8- Hong Kong shares may start steady on Wednesday as investors brace for China trade data at 0200 GMT for the latest gauge of the health of the region's biggest economy after a recent series of soft data raised concerns about the growth outlook.
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HONG KONG, May 8- Hong Kong shares may start steady on Wednesday as investors brace for China trade data at 0200 GMT for the latest gauge of the health of the region's biggest economy after a recent series of soft data raised concerns about the growth outlook.
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HONG KONG, May 7- Hong Kong shares may start higher on Tuesday, tracking Wall Street's strength on solid earnings and a brighter economic outlook. Elsewhere in Asia, Japan's Nikkei was up 2.7 percent, while South Korea's KOSPI was down 0.2 percent as of 0045 GMT.
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HONG KONG, May 7- Hong Kong shares may start higher on Tuesday, tracking Wall Street's strength on solid earnings and a brighter economic outlook. Elsewhere in Asia, Japan's Nikkei was up 2.7 percent, while South Korea's KOSPI was down 0.2 percent as of 0045 GMT.
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*Billionaire Clive Palmer earmarks $1 bln to upgrade nickel refinery. *Xstrata, Vale, others soldier on with big projects.
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HONG KONG, April 30- Hong Kong shares are headed for a first monthly gain in three with a higher start expected Tuesday, buoyed by rises on Wall Street and hope for European Central Bank easing after a new government was formed in Italy.
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HONG KONG, April 30- Hong Kong shares are headed for a first monthly gain in three with a higher start expected Tuesday, buoyed by rises on Wall Street and hope for European Central Bank easing after a new government was formed in Italy.
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CONAKRY, April 27- Patrice Motsepe, the South African mining magnate and executive chairman of African Rainbow Minerals has plans to invest in Guinea's iron ore industry, he told reporters after meeting Guinea's president Alpha Conde on Friday.
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RIO DE JANEIRO, April 24- Brazil's Vale SA, the world's second-largest mining company, reported an 18 percent slide in first-quarter net profit as bigger-than-expected cuts in operating costs failed to offset lower sales and a hit from taxes and foreign exchange.
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HONG KONG, April 25- Hong Kong shares could start steady on Thursday ahead of a slew of first quarter earnings from bellwether Chinese companies ranging from Chinese oil majors PetroChina and Sinopec Corp to Bank of China.
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HONG KONG, April 25- Hong Kong shares could start steady on Thursday ahead of a slew of first quarter earnings from bellwether Chinese companies ranging from Chinese oil majors PetroChina and Sinopec Corp to Bank of China.
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RIO DE JANEIRO, April 24- Brazil's Vale SA, the world's second-largest mining company, said on Wednesday that first quarter net profit fell 18 percent from a year earlier, beating expectations.
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BHP Billiton's new chief executive will take a pay cut as miners struggle with tougher market conditions, and has stripped out a layer of top executives.
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SYDNEY, April 18- BHP Billiton's new chief executive will take a pay cut as miners struggle with tougher market conditions, and has stripped out a layer of top executives who were overlooked for the top job and brought operations heads into his management team.
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HONG KONG, April 18- Hong Kong shares could start weaker on Thursday on their way to a fifth daily loss, tracking Wall Street declines ahead of China's home price data due shortly after the market open. Elsewhere in Asia, Japan's Nikkei was down 0.9 percent, while South Korea's KOSPI was down 0.5 percent at 0105 GMT.
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*Copper, cobalt production reach record levels. RIO DE JANEIRO, April 17- Iron ore output at Brazilian global miner Vale SA, the world's largest producer of the main steel ingredient, fell 3.5 percent in the first quarter on declining ore quality and license delays at old mines, the company said on Wednesday.
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SYDNEY, April 18- BHP Billiton said on Thursday that petroleum boss Michael Yeager would leave the company next month, as incoming Chief Executive Andrew Mackenzie stamps his authority on the company with a new senior management lineup.