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  • The Toronto- based miner said it recorded an adjusted net loss of $9.8 million, or 1 cent per share, in the quarter ended June 30, from a loss of $13.6 million, or 1 cent per share, in the year-prior period. Kinross, which has 10 mines in North and South America, Africa and Russia, produced 671,267 equivalent ounces of gold during the quarter, up from 660,898 ounces in the...

  • TOKYO, July 27- Japan's Itochu Corp became the target of short-seller Glaucus Research Group on Wednesday with a report criticising the trading company's accounting practices, sending its shares tumbling as much as 10 percent. The report highlighted Itochu's investments in a Colombian coal mining joint venture and China's CITIC Ltd, arguing that the...

  • FORT MILL, S.C. _ Domtar Corp. on Wednesday reported second-quarter net income of $18 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share. Domtar shares have fallen slightly more than 4 percent since the beginning of the year.

  • Copper also declined due to supply concerns as mines ramp up in Peru, drifting close to one-week lows. Three month aluminum on the LME was up 0.1 percent at $1,593 a tonne by 1030 GMT, rebounding from $1,588, the weakest since June 13. "The consumption side in aluminum will be underpinned in the second half, but on the other hand the supply of Chinese aluminum has also...

  • BEIJING/ SHANGHAI, July 27- China is facing extreme difficulties in its bid to reduce overcapacity in the steel industry and will provide more funds to help handle layoffs and debts, the country's state planner said in a statement on its website on Wednesday. China has pledged to cut steel capacity by around 45 million tonnes this year, and by 140 million tonnes by...

  • *Copper prices seen at $4,890 average in 4 Q- NAB. MELBOURNE, July 27- London copper dropped to near one-week lows on Wednesday as sentiment soured in China, and ahead of the outcome of the U.S. China stocks tumbled on fears of tighter regulatory restrictions after Beijing officials earlier this week warned about asset bubbles.

  • SINGAPORE, July 27- Coal prices in 2016 have regained their footing above the psychological threshold of $50, leaving the oil industry wondering when crude prices will return to form. Starting June 1, benchmark API2 coal futures in Rotterdam have rallied 20 percent to around $60 a tonne, the highest in a year, while Asia benchmark API4 futures have climbed 15.6...

  • TOKYO, July 27- Japan's Itochu Corp became the target of short-seller Glaucus Research Group on Wednesday with a report criticising the trading company's accounting practices, sending its shares tumbling as much as 10 percent. The report highlighted Itochu's investments in a Colombian coal mining joint venture and China's CITIC Ltd, arguing that the...

  • BEIJING/ SHANGHAI, July 27- China is facing extreme difficulties in its bid reduce overcapacity in the steel industry and will provide more funds to help handle layoffs and debts, the country's state planner said in a statement on its website on Wednesday. China has pledged to cut steel capacity by around 45 million tonnes this year, and by 140 million tonnes by...

  • LAUNCESTON, Australia, July 27- There is something of a delicious irony in China's iron ore miners complaining of dumping by foreign producers, but what it really underscores is the multitude of challenges facing the world's biggest steel industry. It's also far from clear that protecting the domestic miners from cheaper imports would actually help China's...

  • *Copper prices seen at $4,890 average in 4 Q- NAB. MELBOURNE, July 27- London copper edged down on Wednesday but held above one-week lows hit in the previous session ahead of the outcome of the U.S. "My medium to longer term view on copper prices is fairly bearish but the recent increase in prices seems to be a general reflection of risk on, as people become more...

  • MELBOURNE, July 27- London copper edged down on Wednesday but held above one-week lows hit in the previous session ahead of a meeting of the Federal Reserve which is expected to keep rates unchanged, keeping down costs for capital-intensive commodities. *Shanghai Futures Exchange copper climbed half a percent to 37,990 yuan a tonne. *Australia's Fortescue...

  • VANCOUVER, British Columbia _ Capstone Mining Corp. on Tuesday reported a second-quarter loss of $13.4 million, after reporting a profit in the same period a year earlier. The Vancouver, British Columbia- based company said it had a loss of 3 cents per share. Keywords: Capstone Mining, Earnings Report.

  • VANCOUVER, British Columbia _ Taseko Mines Ltd. on Tuesday reported a second-quarter loss of $15 million, after reporting a profit in the same period a year earlier. The Vancouver, British Columbia- based company said it had a loss of 7 cents per share. Keywords: Taseko Mines, Earnings Report.

  • July 26- Freeport-McMoRan Inc, the world's biggest publicly listed copper miner, put its high-profile asset sales plan on the rear burner on Tuesday, and instead unveiled a $1.5 billion share issue to help it cut debt. Freeport's chief executive said he was confident the company could reduce its $18.8 billion of net debt to between $13.2 billion and $10.5...

  • July 26- Canadian miner Sherritt International Corp is confident it and its partners in a large Madagascar nickel mine will reach agreement soon with lenders to defer repaying project loans for several years, Sherritt's chief executive said on Tuesday. Last month, Sherritt and its partners in the Ambatovy joint venture, Japan's Sumitomo Corp and Korea...

  • PITTSBURGH— United States Steel Corp. on Tuesday reported a loss of $46 million in its second quarter. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 55 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • TransCanada is behind the Energy East Pipeline project, a 4,600- kilometer pipeline, or nearly 3,000 miles, that would carry crude oil from tar sands in Western Canada to the East Coast, where it would then be shipped to refineries along the Texas Gulf Coast. Plans call for converting a natural gas line for part of the route and then building a new pipeline to...

  • July 26- Freeport-McMoRan Inc, the world's biggest publicly listed copper miner, put its high-profile asset sales plan on the rear burner on Tuesday, and instead unveiled a $1.5 billion share issue to help it cut debt. Freeport's chief executive said he was confident the company could reduce its $18.8 billion of net debt to between $13.2 billion and $10.5...

  • *LME lead risks long liquidation if breaks $1,800- Triland. Our economists think markets have become too complacent about the outlook for U.S. monetary policy, "said analyst Carsten Menke at Julius Baer in Zurich. Zinc, the best performing metal on the LME this year, ended down 0.9 percent at $2,229 a tonne, paring losses after touching $2,212, the lowest since July 18.

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