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  • Greif posts 3Q profit 5 Hours Ago

    DELAWARE, Ohio _ Greif Inc. on Thursday reported fiscal third-quarter net income of $8.6 million. The Delaware, Ohio- based company said it had profit of 15 cents per share. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.

  • Sept 3- Mining equipment maker Joy Global Inc, which gets about 60 percent of its revenue from coal miners, reported a 37 percent fall in quarterly profit and cut its full-year forecast as customers cut spending due to weak prices. Joy Global has cut jobs and lowered production among other measure to try to adapt to the slowing demand that has led to company's...

  • Sept 3- Mining equipment maker Joy Global Inc, which gets about 60 percent of its revenue from coal miners, reported a 37 percent fall in quarterly profit as customers cut spending due to weak prices. The company's net income fell to $44.9 million, or 46 cents per share, in the third quarter ended July 31, from $71.3 million, or 71 cents per share, a year earlier.

  • NEW YORK, Sept 3- With the benefit of hindsight, last quarter may have been the best chance for cash-strapped U.S. shale oil producers to ensure they would get at least $60 a barrel for the next year or two. According to a Reuters analysis of hedging disclosures by the 30 largest such firms, more than half of them did not expand their hedges during the three months ended...

  • SANTIAGO, Sept 2- Arizona- based mining company Freeport-McMoRan Inc said on Wednesday it was dismissing some 650 workers at its El Abra copper mine in Chile and partially suspending operations at the complex until mid-September as it cuts mining rates in half. Last week, Freeport, which owns a 51 percent stake in the mine in northern Chile, became one of the first...

  • *Copper short-sellers in China lose conviction- analysts. LONDON, Sept 2- Copper rose on Wednesday, reversing the previous session's slide, after Chinese equities pared losses following further government intervention and as investors grew nervous about betting down a metal trading near six-year lows. A number of brokerages in top copper consumer China have...

  • NAIROBI, Sept 2- Madagascar plans to increase royalty fees and claim 10 percent stakes in mining concessions, under proposed changes to its mining code, according to a draft document seen by Reuters on Wednesday. One of Africa's poorest countries, Madagascar hopes to accelerate economic growth by developing natural resources but it has struggled to attract...

  • Brutal! The two stocks down 70 percent in a year Wednesday, 2 Sep 2015 | 10:01 AM ET
    A worker on a Chesapeake Energy natural gas rig in in Fort Worth, Texas.

    The two worst-performing stocks in the S&P find themselves at the center of the commodities selloff.

  • MORGANTOWN, W.Va.— A Murray Energy subsidiary and the United Mine Workers of America have settled a lawsuit over the company's use of non-union workers to perform work on seals at an underground coal mine in north-central West Virginia. District Judge Irene Keeley approved the settlement and dismissed the UMW's lawsuit against Monongalia County Coal Co. on...

  • METALS-Copper steady as China stock markets pare losses Wednesday, 2 Sep 2015 | 7:06 AM ET

    LONDON, Sept 2- Copper steadied on Wednesday after Chinese equities recouped some of their losses following further government intervention, though falling oil prices and an August slowdown in world factory activity kept a lid on gains. A number of brokerages in top copper consumer China have pledged additional funds to buy equities, answering the latest...

  • Africa's Deadwood: The gold rush is on in Uganda Wednesday, 2 Sep 2015 | 5:51 AM ET

    MUBENDE, Uganda— The hunt for gold takes the men 100 meters underground, past contraptions of wood and rope rigged to function like pulleys, past hard rock that they attack day and night with demolition hammers. When they emerge at the end of a shift, the miners carry stone samples that will be examined for the dark veins that suggest presence of gold.

  • MELBOURNE, Sept 2- London copper steadied on Wednesday in the face of sour sentiment towards base metals after world factory activity slowed in August and the International Monetary Fund cut its outlook for global growth. Copper hit its weakest in six years at $4,855 a tonne at the beginning of last week. China's giant manufacturing industry contracted and...

  • MELBOURNE, Sept 2- Ok Tedi Mining Ltd's Papua New Guinea copper mine is likely to stay shuttered until the first quarter of 2016 as an intensifying El Nino worsens a drought that has cut off river transport links to the project, an executive said. The current El Nino weather phenomenon is expected to strengthen before the end of the year, potentially making it one of...

  • CALGARY, Alberta, Sept 1- ConocoPhillips and Husky Energy Inc announced key milestones in bringing two new oil sands projects online on Tuesday, underlining how some producers in the high-cost sector are boosting production even as crude prices tumble. The Canadian Association of Petroleum Producers forecast in June that oil sands production to hit 3.1...

  • A window that is also a solar-powered battery Tuesday, 1 Sep 2015 | 2:03 PM ET
    Man with mobile phone in sun

    Batteries with their own transparent solar cells could as as energy collecting windows or smartphone screens.

  • *China official factory PMI 49.7 in August, vs 50.0 in July. *Morgan Stanley sees copper market near flat on supply outages. MELBOURNE, Sept 1- London copper held its ground on Tuesday in the face of slowing factory activity in the world's top copper user, cushioned by a softer dollar, while nickel resumed its slide on supply concerns.

  • MELBOURNE, Sept 1- London nickel sagged on Tuesday, tracking losses in China after demand jitters pummeled Shanghai's volatile nickel contract towards last week's record lows, while copper was subdued ahead of a slew of global factory gauges out later in the session. *The most active January Shanghai Futures Exchange nickel contract slipped 0.8 percent to...

  • SANTIAGO, Aug 31- A Chilean union that represents copper mine workers rejected a move by Freeport-McMoRan Inc to drastically cut staff at its El Abra mine and said on Monday it was considering action. Last week, Arizona- based Freeport, which owns a 51 percent stake in the mine in northern Chile, became one of the first big global miners to announce it was slashing...

  • HAZARD, Ky.— In the 1970 s, as the oil crisis spurred an increase in mining, Victor Justice taught people in eastern Kentucky how to mine coal. Kentucky will own the network, which will begin in eastern Kentucky but eventually reach into all of the state's 120 counties. But the Australian-based investment firm Macquarie Group and its partners will build the network...

  • SANTIAGO, Aug 31- A Chilean union that represents copper mine workers on Monday rejected a move to drastically cut staff at the El Abra mine owned by Freeport-McMoRan and was considering action after 700 workers had their jobs terminated at the weekend. Last week, Arizona- based Freeport, which owns a 51 percent stake in the mine in northern Chile, became one of the...

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