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  • July 29- Kinross Gold Corp is again considering cutting jobs at its Tasiast gold mine in Mauritania, Chief Executive Officer Paul Rollinson said on Wednesday, as the Canadian miner looks for ways to reduce costs at its higher-cost mines amid sliding metals prices. High costs have dogged Tasiast since its purchase as part of Kinross' $7.1 billion takeover of...

  • Kraton reports 2Q loss 22 Hours Ago

    HOUSTON _ Kraton Performance Polymers Inc. on Wednesday reported a second-quarter loss of $5.6 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Houston- based company said it had a loss of 18 cents. Keywords: Kraton Performance Polymers, Earnings Report.

  • July 29- Kinross Gold Corp slid to a loss in the second quarter, in line with market expectations, on the back of a weaker gold price, lower gold sales and the temporary suspension of operations at a mine in Chile. The Toronto- based gold producer reported a loss of $83.2 million, or 7 cents a share, in the three months to end-June. Excluding one-time items, Kinross...

  • TORONTO, July 29- Sherritt International will mull further spending cuts if depressed nickel and oil prices stay low, but will not consider curtailing nickel output, the Canadian company's chief executive said on Wednesday. Sherritt, which has joint-venture nickel mines in Madagascar and Cuba, would not consider a cutback because its production costs are in...

  • Gold struggles to rise back above $1,100/ oz level. NEW YORK/ LONDON, July 29- Gold moved up a shade on Wednesday, but remained near last week's 5-1/ 2- year low, after a U.S. "market can't seem to decide whether the Fed has moved marginally farther away from a September hike," said Tai Wong, director of base and precious metals trading for BMO Capital Markets in New York.

  • RIO DE JANEIRO, July 29- Brazilian miner Vale SA will likely announce its first profit in a year when it publishes second-quarter results on Thursday, bolstered by a recovery in iron ore prices during the period, a survey of analysts showed. The price of iron ore has halved over the past 12 months, touching its lowest level in over a decade, as supply from new mines...

  • WILLISTON, N.D., July 29- U.S. oil companies, under renewed pressure from falling crude prices, are increasingly tweaking and mixing fracking technologies as they scramble to squeeze more out of wells and eke out profits after rounds of cost-cutting. Shale oil firms need the experiments to payoff now more so than before given that oil prices have resumed their...

  • HARARE, July 29- Metallon Corp, the biggest gold producer in Zimbabwe, said it missed its first-half output target by 19 percent due to equipment breakdowns, in another setback for the country's mining sector, which has been hit by slumping commodities prices. London- based Metallon, which is not listed, owns fives mines in Zimbabwe, three operational and two which...

  • *Antofagasta cuts annual production guidance. LONDON, July 29- Copper dipped on Wednesday ahead of a U.S. central bank statement expected to set the stage for an interest rate hike in September and a potentially firmer dollar. Copper rallied earlier in the session, sparked by a rebound on the Chinese stock market and hopes of more stimulus in the world's top...

  • North American Palladium posts 2Q loss Wednesday, 29 Jul 2015 | 10:03 AM ET

    TORONTO _ North American Palladium Ltd. on Wednesday reported a loss of $78.7 million in its second quarter. The Toronto- based company said it had a loss of 20 cents per share. Keywords: North American Palladium, Earnings Report.

  • *Says to restart Goa mines by October. MUMBAI, July 29- India's Vedanta Ltd said on Wednesday it expected to restart iron ore mining by October in top exporting Goa province and that talks were continuing with regulators for merging with its cash-rich unit Cairn India. Chief Executive Tom Albanese said on a conference call Vedanta was hoping to get approvals as...

  • U.S. steel companies in June had filed a complaint with the U.S. government over cheaper imports of corrosion-resistant steel from China, India, Italy, South Korea and Taiwan, kicking off a process that could end in import duties. Cliffs has taken a hit from weak prices for iron ore, caused by excess supply from major iron ore miners such as Vale SA, Rio Tinto Plc and BHP...

  • Miner Cliffs Natural posts Q2 profit on lower costs Wednesday, 29 Jul 2015 | 8:15 AM ET

    July 29- Iron ore and coal producer Cliffs Natural Resources Inc reported a second-quarter profit, compared with a year-ago loss, helped by lower costs. The company reported a net profit attributable to shareholders of $60.2 million, or 39 cents per share, for the quarter ended June 30, compared with a loss of $1.9 million, or 2 cents per share, a year earlier.

  • Says to restart Goa mines after monsoons. MUMBAI, July 29- India's Vedanta Ltd said on Wednesday its quarterly profit more than doubled from a year-ago comparison weighed down by a one-time charge, and that it was on track to restart mining in key producing state Goa after monsoons. "We continue to focus on improving efficiency, costs, and enhancing production...

  • Installed Building Products posts 2Q profit Wednesday, 29 Jul 2015 | 7:45 AM ET

    COLUMBUS, Ohio _ Installed Building Products Inc. on Wednesday reported second-quarter earnings of $6.5 million. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 23 cents per share. Installed Building Products shares have increased 41 percent since the beginning of the year.

  • LONDON, July 29- British American Tobacco expects its legal challenge to the implementation of "plain packaging" of tobacco in Britain to be heard in court in December, with possible final resolution by the end of 2016, a senior executive said. Britain adopted a law in March that would prohibit tobacco products from being sold with any branding, colours or logos.

  • International Paper shares dip on 2Q revenue miss Wednesday, 29 Jul 2015 | 7:09 AM ET

    MEMPHIS, Tenn.— Shares of International Paper slumped Wednesday after the global paper and packaging company reported mixed second-quarter results. International Paper's adjusted earnings beat Wall Street expectations, but revenue fell short as revenue in all of its major businesses slipped compared to last year. Excluding one-time costs, International...

  • METALS-Copper rallies alongside Chinese equities Wednesday, 29 Jul 2015 | 6:19 AM ET

    LONDON, July 29- Copper prices rose on Wednesday, boosted by stronger Chinese equities and expectations that China, a top consumer of industrial metals, will move to support growth and sentiment with further stimulus. "China is struggling, but its not imploding. Copper is probably now reasonable value. "

  • FRANKFURT, July 29- German potash and salt miner K+ S has turned to economy minister Sigmar Gabriel for help in resisting an unwanted takeover approach by Potash Corp of Saskatchewan Inc, and has discussed the option of German state bank KfW taking a stake in K+ S, a newspaper reported on Wednesday. K+ S earlier this month rebuffed Potash Corp's 7.9 billion euros...

  • SEOUL, July 29- An ugly fight among Lotte Group founding family members for control of the conglomerate's holding company sent shares in group firms jumping on Wednesday as investors bet the founder's sons would seek to boost their stakes. Whether younger son Shin Dong- bin, 60, will be able to maintain his grip on Lotte Holdings remains uncertain as the father...

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