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  • 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.

  • SAO PAULO, July 26- Brazilian equities rose on Tuesday as higher prices of iron ore lifted shares of miner Vale SA following a heavy batch of corporate reports. Iron ore futures listed in China rose more than 2 percent on Tuesday as steel prices recovered from a steep fall last week. But the Mexican benchmark index IPC seesawed as traders avoided making big bets...

  • TORONTO/ VANCOUVER, July 26- Barrick Gold Corp, the world's largest gold producer, is weighing a sale of its majority stake in African unit Acacia Mining Plc and has approached several South African miners, according to sources familiar with the situation. Barrick owns 64 percent of Acacia, a London- listed miner with three producing gold mines in Tanzania:...

  • July 26- U.S. miner and oil producer Freeport-McMoRan Inc's quarterly revenue fell far short of Wall Street estimates, mainly due to lower copper prices. The world's biggest listed copper producer said average realized price per pound of copper fell about 20 percent to $2.18 in the second quarter ended June 30. The Phoenix, Arizona- based company's consolidated...

  • WEST CHESTER, Ohio _ AK Steel Holding Corp. on Tuesday reported second-quarter net income of $17.3 million, after reporting a loss in the same period a year earlier. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share. AK Steel shares have more than doubled since the beginning of the year.

  • *LME lead risks long liquidation if breaks $1,800- Triland. LONDON, July 26- Copper, zinc and nickel touched one-week lows on Tuesday on market uncertainty ahead of the U.S. central bank meeting and as investors sold to book profits from a recent rally. Our economists think markets have become too complacent about the outlook for U.S. monetary policy, "said analyst...

  • PHOENIX— Freeport-McMoRan stock slumped Tuesday after the mining company reported weaker-than-expected revenue for the second quarter as the price of copper and oil plunged and gold sales tumbled. Freeport-McMoRan sold 156,000 ounces of gold, less than half as much as it sold a year ago. Excluding one-time items, Freeport-McMoRan said it lost 2 cents per...

  • CHICAGO _ USG Corp. on Tuesday reported second-quarter earnings of $74 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share. Four analysts surveyed by Zacks expected $1.01 billion.

  • July 26- Diversified U.S. miner and oil producer Freeport-McMoRan Inc reported a smaller quarterly loss as aggressive cost cutting helped counter a near 20 percent drop in copper prices. Freeport's net loss attributable to common stock narrowed to $479 million, or 38 cents per share, in the second quarter ended June 30 from $1.85 billion, or $1.78 per share, a year...

  • ATLANTA _ Graphic Packaging Holding Co. on Tuesday reported second-quarter net income of $77.8 million. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 19 cents per share. Graphic Packaging shares have climbed 2 percent since the beginning of the year.

  • SHANGHAI, July 26- Chinese iron ore miners have called for an anti-dumping investigation into imports of the steelmaking raw material from top suppliers Australia and Brazil. Australia's BHP Billiton and Rio Tinto, along with Brazil's Vale, have embarked on massive expansion programs in recent years to supply the Chinese market. China is the world's biggest...

  • *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. Shanghai Futures Exchange copper fell 1 percent to 37,810 yuan a tonne.

  • SHANGHAI, July 26- Chinese iron ore miners have called for an anti-dumping investigation into imports of the steelmaking raw material from top suppliers Australia and Brazil. China is the world's biggest steel producer and iron ore consumer, but growing supplies from Australia and Brazil and the low quality of ore mined locally has increased Beijing's...

  • WILMINGTON, Del.— DuPont topped most expectations in the second quarter as the chemical maker cut costs ahead of its tie up with Dow Chemical, and it upped its profit outlook for the year. Excluding certain items, earnings were $1.24 per share, which was 14 cents better than analysts had expected, according to a poll by Zacks Investment Research.

  • BEIJING, July 26- China's top steelmaking province Hebei plans to cut more than 31 million tonnes of combined iron and steel production capacity in 2016, the official Xinhua news agency reported on Tuesday. Xinhua said the province planned to cut iron making capacity by 17.26 million tonnes, and reduce 14.22 million tonnes of steel making capacity by the end of...

  • BEIJING, July 26- Chinese miners plan to jointly apply for an anti-dumping investigation into iron ore and iron ore products imported from Australia and Brazil, a miners association said. In an online statement issued by the Metallurgical Miners' Association of China, more than 20 Chinese miners are planning to file an application to the country's commerce...

  • TOKYO, July 26- Takeda Pharmaceutical Co Ltd will accept initial bids for its 70 percent stake in a chemicals company through Aug. 16, with potential suitors including CVC Capital Partners Ltd and Carlyle Group Ltd, sources told Reuters. Takeda, Japan's largest drugmaker by market value, aims to sell its holding in Wako Pure Chemicals Industries Ltd to streamline...

  • Beijing appears to be on the brink of forcing the most modern and competitive Chinese steelmaker, which is itself struggling amid a global steel glut, to rescue a loss making and heavily indebted rival in what some securities and credit analysts see as potentially a marriage made in hell. Listed units of Baosteel Group, the second-largest Chinese steelmaker,...

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