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  • July 30- Barrick Gold Corp said on Thursday it had reached an agreement to sell 50 percent of its Zaldivar copper mine in Chile to Chilean-based copper miner Antofagasta Plc for just over $1 billion in cash. Antofagasta would become the operator of Zaldivar and would be overseen by a board consisting of three nominees from each company. "There are many potential...

  • LUSAKA, July 30- Zambia's Copperbelt Energy Corporation will cut power supply to mines it services by 30 percent from midnight, a senior industry official said on Thursday. Copperbelt Energy buys electricity from state power company Zesco Ltd and supplies it to companies including Vedanta Resources, Glencore and Vale. "Copperbelt Energy Corporation...

  • LUSAKA, July 30- Zambia's Copperbelt Energy Corporation will cut power supply to mines it services by 30 percent from midnight, a senior industry official said on Thursday. "Copperbelt Energy Corporation informed us this morning that it will cut power supply to the copper belt mines it supplies by 30 percent from midnight. Copperbelt Energy buys electricity...

  • If it acquires K+ S, Potash Corp, the world's biggest fertilizer producer, would finish building K+ S's Saskatchewan mine and operate it, selling its potash offshore through its Canpotex marketing arm, Chief Executive Jochen Tilk said during a conference call. Potash Corp said it intends to talk with K+ S management, despite K+ S's rejection this month of Potash...

  • BUENOS AIRES, July 30- Protests that briefly disrupted production in part of Argentina's main shale oil producing region have ended and operations are back to normal, state-controlled energy firm YPF said on Thursday. Demonstrators from the local Zonal Xwanco and Campo Maripe communities late on Wednesday lifted their blockades on access roads to several...

  • RIO DE JANEIRO, July 30- Vale SA, the world's biggest iron ore producer, returned to profit in the second quarter, bolstered by higher output and cost cuts as it kept up pressure on Australian rivals in its fight for market share. A big part of the improved result was a reduction in cash costs, with Vale lowering its cost of producing a tonne of iron ore to $15.8 per tonne,...

  • MOSCOW— OPEC and Russia say they expect the global oil market to become more balanced and stable next year after the recent sharp drops. OPEC decided in June not to cut production, in a bid to retain its share of the global market in the face of a boom in shale oil production in the U.S. Russia, which is not part of OPEC but is the world's top crude producer and depends...

  • VANCOUVER, British Columbia _ Timmons Gold Corp. on Thursday reported second-quarter net income of $629,000. The Vancouver, British Columbia- based company said it had profit of less than 1 cent on a per-share basis. This story was generated by Automated Insights using data from Zacks Investment Research.

  • ATHENS, July 30- Buoyant sales in the United States helped Greece's second-largest cement maker Titan post a 26 percent rise in second-quarter profit on Thursday despite dire economic conditions at home. About 80 percent of Titan's revenue comes from the United States, where higher demand for building materials and a stronger dollar boosted performance in...

  • TORONTO _ Lake Shore Gold Corp. on Thursday reported second-quarter earnings of $1.4 million. On a per-share basis, the Toronto- based company said it had net income of less than 1 cent. Keywords: Lake Shore Gold, Earnings Report.

  • "The stock probably will see a bit of a rebound solely based on having reached a 52- week low, and people are going to look at the dividend yield, which has gotten pretty attractive," said Peter Prattas, analyst at AltaCorp Capital. Saskatoon, Saskatchewan- based Potash Corp said it intends to talk with K+ S management, despite its rejection this month of Potash Corp's...

  • MONTREAL _ Domtar Corp. on Thursday reported second-quarter earnings of $38 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share. Domtar shares have increased roughly 1 percent since the beginning of the year.

  • LONMIN: VICTIM OF PRICE FALLS AND MANAGEMENT WOBBLES@* Platinum producers hit by falling prices, rising costs* Lonmin seen bleeding more quickly than others* Shares hit lowest levels since 1979. LONDON/ JOHANNESBURG, July 30- Platinum producer Lonmin is facing its deepest crisis to date, hurt by a downturn in the metal and haunted by a mixture of bad luck and...

  • RIO DE JANEIRO, July 30- Vale SA, the world's biggest iron ore producer, returned to profit in the second quarter, bolstered by higher output and cost cuts as it kept up pressure on Australian rivals in the fight for market share. A big part of the improved result was a reduction in cash costs, with Vale lowering its cost of producing a tonne of iron ore to $15.8 per tonne,...

  • LONDON, July 30- Gold mining companies are turning increasingly to derivatives to lock in future revenues, as an industry still smarting from losing out on a 12- year bull run gets creative over protecting its income during the metal's current downturn. Data released this month from Societe Generale and GFMS analysts at Thomson Reuters showed options...

  • CHARLOTTE, N.C. _ Sealed Air Corp. on Thursday reported second-quarter profit of $28.1 million. Sealed Air expects full-year earnings in the range of $2.24 to $2.28 per share. Sealed Air shares have increased 19 percent since the beginning of the year, while the Standard& Poor's 500 index has risen slightly more than 2 percent.

  • EVELETH, Minn.— More than 400 United Taconite employees on Minnesota's Iron Range are expected to be off the job for up to six months. Lower prices in an oversupplied steel market are blamed for the temporary layoffs in Eveleth and Forbes. The Star Tribune reports hundreds of workers remain on layoff at three other mining operations in Minnesota.

  • July 30- Potash Corp of Saskatchewan Inc reported a 12 percent drop in quarterly profit, missing Wall Street estimate, hurt mainly by weak nitrogen earnings and lower phosphate sales. Potash Corp said nitrogen production, the company's second-biggest business, fell 2 percent to 1.6 million tonnes in the second quarter ended June 30, from a year earlier, while...

  • LONDON, July 30- When the going gets tough, there's always the cost curve. On the London Metal Exchange, benchmark three-month copper this week hit a low of $5,164 per tonne, a level last seen in 2009.. So far only a handful of smaller mines have been shuttered but this week brought news that Freeport McMoRan, one of the world's biggest copper producers, is running the...

  • RIO DE JANEIRO, July 30- Vale SA, the world's biggest iron ore producer, returned to profit in the second quarter, bolstered by higher output and cost cutting and keeping up pressure on Australian rivals in the fight for market share. A big part of the improved result was a reduction in cash costs, with Vale lowering its cost of producing a tonne of iron ore to $15.8 per...

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