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  • Feb 8- Miner Tahoe Resources Inc said it would buy Canada's Lake Shore Gold Corp for about C $751 million to add low-cost gold mines in Ontario to its portfolio. Lake Shore Gold operates Timmins West and Bell Creek mines in Timmins, Ontario, while Tahoe has a mine in Guatemala and two mines in Peru. "The combination with Lake Shore Gold enhances Tahoe's position as the...

  • *France says will support New Caledonia nickel industry. Three-month nickel on the London Metal Exchange lurched down to $7,900 a tonne, the weakest since April 2003, before paring losses to $8,095, down 0.8 percent, by 1127 GMT. We think there's over one million tonnes of nickel inventories around, "said analyst David Wilson at Citi in London.

  • LONDON, Feb 8- European shares steadied in early trading on Monday after steep losses in the previous week, with some encouraging company updates and stronger mining stocks underpinning the market. Casino shares rose 5 percent after the French retailer said it had agreed to sell its majority stake in Thai hypermarket operator Big C Supercenter for 3.1 billion...

  • *Coming up: euro zone Sentix index at 0930 GMT. MELBOURNE, Feb 8- Spot gold stepped back on Monday from near a three-month top hit the session before, after a U.S. jobs report cast some doubt over prospects for a quicker pace of rate hikes this year and pushed up the dollar. "We prefer gold," said analyst Lachlan Shaw of UBS.

  • *EU producers allege dumping by China. PARIS, Feb 6- Seven countries including France, Britain and Germany have urged the European Union to step up action to relieve an ailing steel industry suffering from tumbling prices and cheap imports from China and Russia. Europe has lost 85,000 steel jobs since 2008, over 20 percent of the workforce, according to the...

  • China says EU should take steel dumping claims to WTO Saturday, 6 Feb 2016 | 5:47 AM ET

    BEIJING, Feb 6- China's Ministry of Commerce said that claims it was dumping steel in Europe should be put to the World Trade Organization, responding to reports that the European Commission was preparing to impose duties on imported Chinese steel. The EC is set to impose provisional duties later this month of up to 16 percent on China, and of up to 26 percent on...

  • Bayer CropScience will instead ask for an administrative law hearing from the EPA's Office of General Counsel to review the registration of flubendiamide, the active ingredient in Bayer's Belt pesticide. The registration, granted in 2008, was a limited-time conditional registration that could be canceled if additional studies found the chemical to be...

  • NEW DELHI, Feb 5- India on Friday set a floor price for imports of steel products to deter countries such as China from undercutting local mills, the first time it has taken such a step in over 15 years even as the country remains the world's only major growing steel market. Top Indian steel makers such as JSW Steel, Tata Steel Ltd, Jindal Steel& Power Ltd and Kalyani...

  • South Africa aims to lift coal exports to India Friday, 5 Feb 2016 | 9:45 AM ET

    *South Africa looks to India to maintain record exports. CAPE TOWN, Feb 5- South Africa is hoping to boost coal exports to India after shipping a record 75.4 million tonnes of coal last year, industry officials said on Friday, as a drop in exports from rival Indonesia opens up the chance to grab market share. A drop in Indonesian exports to India, which imported around...

  • Bayer CropScience will instead ask for an administrative law hearing from the EPA's Office of General Counsel to review the registration of flubendiamide, the active ingredient in Bayer's Belt pesticide. But the EPA's risk assessment disagreed so the agency sent Bayer the request on Jan. 29. After rejecting the EPA's request, Bayer now expects the agency to...

  • USG tops 4Q profit forecasts Friday, 5 Feb 2016 | 8:20 AM ET

    CHICAGO _ USG Corp. on Friday reported fourth-quarter net income of $812 million, after reporting a loss in the same period a year earlier. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share. Five analysts surveyed by Zacks expected $946.6 million.

  • Domtar tops Street 4Q forecasts Friday, 5 Feb 2016 | 8:03 AM ET

    FORT MILL, S.C. _ Domtar Corp. on Friday reported fourth-quarter earnings of $57 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share. Domtar shares have declined 15 percent since the beginning of the year.

  • LONDON, Feb 5- Zinc is the stand-out amid the general industrial metals gloom right now. It helps that big mines such as Century in Australia and Lisheen in Ireland have just reached the end of their natural lives. Now a new, largely unexpected, ingredient has been thrown into the supply mix in the form of Horsehead Holding's shuttering of its zinc plant in North...

  • Under the supply deal, Europe's largest zinc smelter will ship physical zinc to Trafigura over three years, in return for a prepayment of $150 million, Nyrstar Chief Executive Bill Scotting said in an interview with Bloomberg. A spokesman for Nyrstar confirmed the Bloomberg story. A spokeswoman for Trafigura also confirmed the $150 million prepayment, but...

  • FRANKFURT, Feb 5- Monsanto could seek to expand in agricultural chemicals by deepening its partnership with Germany's BASF after losing out to ChemChina in its bid to buy seeds and pesticides firm Syngenta. But while the Ludwigshafen, Germany- based company is not willing to sell its pesticides unit, recent consolidation in the industry means it is now seen by...

  • LONDON, Feb 5- Even as millions of barrels of oil are pumped at a loss at current prices, only a fraction of the production has been shut, industry research group Wood Mackenzie said on Friday. Just 100,000 bpd out of the 96.1 million bpd of oil pumped worldwide have been closed so far since the price plunge, most of it in Canada's oil sands, conventional U.S. projects and...

  • BRUSSELS, Feb 5- ArcelorMittal, the world's largest steelmaker, launched plans on Friday for a $3 billion share issue to help reduce debt and cut costs, having been hit by a plunge in steel prices which it blamed on a surge in cheap exports from China. The company, twice the size of its nearest rival, reported that its core profit dropped by 32 percent last year to $5.2...

  • BRUSSELS, Feb 5- The European Union's top trade official has urged China to take measures to curb overcapacity of its steel industry and warned it that it will open three new anti-dumping investigations this month on steel imports from China. The call comes as the European Union begins a debate into whether to relax trade defences against China as Beijing...

  • TOKYO, Feb 5- Plunging commodity prices are expected to drive losses of around $13 billion on assets held by Japanese trading houses, oil refineries and steelmakers in the current financial year, dealing another blow to a government push to reignite growth. The expected total losses of about 1.54 trillion yen break down to roughly 760 billion yen for oil...

  • MELBOURNE, Feb 5- London copper fell on Friday, but was set for a third consecutive week of gains as signs of stabilisation in the market and a weaker dollar convinced traders to close short positions ahead of Lunar New Year holidays next week in China. "In the past few days, dollar weakness has certainly supported the copper price," said analyst Helen Lau at Argonaut...

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