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  • TORONTO _ Yamana Gold Inc. on Thursday reported second-quarter net income of $34.8 million, after reporting a loss in the same period a year earlier. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share. Yamana Gold shares have more than tripled since the beginning of the year.

  • *Net debt falls to $12.7 billion. BRUSSELS, July 29- ArcelorMittal, the world's largest producer of steel, said improving steel prices and increased volumes had boosted its results in the second quarter, sending its shares up some 5 percent to their highest in nearly a year. The group kept its outlook for global apparent steel consumption, taking into account...

  • *China expected to release weaker official PMI on Sunday. MELBOURNE, July 29- London nickel fell on Friday but was still on track for gains of more than 11 percent in July as the Philippines cracks down on polluting mines, while copper was set for a modest monthly rise. Local nickel ore producers are the biggest suppliers to China for stainless steel production.

  • MELBOURNE, July 29- London nickel fell on Friday but was still on track for more than 12 percent gains in July as the Philippines cracks down on polluting mines, while copper was set for a modest monthly gain. *Shanghai Futures Exchange copper rose 0.7 percent to 37,970 yuan a tonne. *Philippine President Rodrigo Duterte, who began a six-year term on June 30, has warned...

  • PHILADELPHIA _ Chemtura Corp. on Thursday reported second-quarter profit of $34 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share. Chemtura shares have dropped 0.5 percent since the beginning of the year.

  • PLEASANTON, Calif. _ Simpson Manufacturing Co. on Thursday reported second-quarter net income of $26.2 million. Simpson Manufacturing shares have risen 22 percent since the beginning of the year. Keywords: Simpson Manufacturing, Earnings Report.

  • TORONTO/ VANCOUVER July 28- Gold bullion prices have increased 26 percent this year, but the world's biggest gold miners are paring costs and selling assets to lower debt despite the windfall rather than boosting spending. "They're still, by and large, in cost-cutting mode and hunkering down, even though conditions have improved over the last five or six months,"...

  • SAO PAULO, July 28- Brazil's state-run oil company Petroleo Brasileiro SA said in a statement on Thursday it is in exclusive talks for 60 days with Mexico's Alpek over the potential sale of PetroquimicaSuape and Citepe assets in Brazil's northeast. Mexico's Alpek is the petrochemicals unit of Mexican conglomerate Alfa. Petrobras, as Brazil's state oil...

  • KINGSPORT, Tenn. _ Eastman Chemical Co. on Thursday reported second-quarter net income of $255 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.71 per share. Eastman Chemical shares have climbed 4 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed 6 percent.

  • Potash will cut its quarterly dividend to 10 cents per share from 25 cents. Its shares were down 7 percent in New York and Toronto, and the U.S.-listed stock touched a low of $15.84. Potash Corp "could sit at the bottom here for another year," said Bryden Teich, portfolio manager at Avenue Investment Management, which sold its Potash position in June.

  • HOUSTON, July 28- Improved fracking techniques have helped cut Pioneer Natural Resources Co's production costs in the Permian Basin to about $2 a barrel, low enough to compete with oil rival Saudi Arabia, CEO Scott Sheffield said on Thursday. The comments from Sheffield, who is retiring soon, were perhaps the most concrete sign yet that the fittest U.S. shale oil...

  • July 28- Cameco Corp, the world's No.2 uranium producer, reported a surprise quarterly loss due to weak uranium demand and prices, sending its shares down 7 percent to touching a nearly 12- year low of C $12.87. The company reported a net loss attributable to shareholders of C $137 million, or 35 Canadian cents per share, for the quarter ended June 30.

  • The company said on Thursday that it had realized $90 million of its full-year cost savings target of $300 million in the second quarter. The merger is being scrutinized by regulators in the United States and Europe, and the companies have offered concessions in a bid to allay EU antitrust concerns. "No discussion we have had with the European Commission takes us...

  • Potash plans to cut its quarterly dividend to 10 cents per share from 25 cents. Its shares fell 4.7 percent in New York and Toronto, and the U.S.-listed stock touched a two-week low of $16.32, down 40 percent in the past 12 months. Potash Corp "could sit at the bottom here for another year," said Bryden Teich, portfolio manager at Avenue Investment Management, which sold...

  • RIO DE JANEIRO, July 28- Brazilian mining company Vale SA said on Thursday that second-quarter net income fell 34 percent as provisions for potential losses from the burst dam at its Samarco subsidiary and higher taxes undermined productivity gains. Net sales which is minus taxes also fell 5 percent to $6.63 billion as the average cost of iron ore for delivery...

  • BUFFALO, N.Y. _ Gibraltar Industries Inc. on Thursday reported second-quarter net income of $17 million. For the current quarter ending in October, Gibraltar Industries expects its per-share earnings to range from 47 cents to 52 cents. Gibraltar Industries expects full-year earnings in the range of $1.37 to $1.47 per share, with revenue ranging from $1.02...

  • ISTANBUL, July 28- Turkey's biggest petrochemicals company Petkim said on Thursday its chief executive had resigned, and the state-run news agency said he had been detained in connection with a failed coup. Petkim, owned by Azerbaijan's Socar, said in a stock-exchange filing that Anar Mammadov has become CEO after his predecessor, Saadettin Korkut, resigned.

  • RIO DE JANEIRO, July 28- Brazilian mining company Vale SA said on Thursday that second-quarter net income fell 34 percent as provisions for potential losses from the burst dam at its Samarco subsidiary and higher taxes undermined productivity gains. It also reduced net debt, or total debt minus cash and marketable securities, from the first quarter, and moved...

  • CHARLOTTE, N.C.— Sealed Air Corp. on Thursday reported second-quarter net income of $49.6 million. Sealed Air expects full-year earnings in the range of $2.52 to $2.60 per share, with revenue expected to be $6.85 billion. Sealed Air shares have increased 10 percent since the beginning of the year, while the Standard& Poor's 500 index has increased 6 percent.

  • MEDINA, Ohio _ RPM International Inc. on Thursday reported fiscal fourth-quarter net income of $152.9 million. RPM International expects full-year earnings to be $2.68 to $2.78 per share. RPM International shares have climbed 16 percent since the beginning of the year.

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