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  • LONDON, July 29- Chilean miner Antofagasta cut is annual copper output forecast on Wednesday due to a delay in the start up of its Antucoya project, as it posted a double-digit percentage decline in its half-year copper production. The London- listed miner, which has been hurt by a steep fall in prices, declining ore grades, unfavourable weather and environmental...

  • METALS-London copper jumps as shorts rush for cover Tuesday, 28 Jul 2015 | 10:13 PM ET

    MELBOURNE, July 29- London copper jumped on Wednesday as short sellers rushed to cover their positions amid speculation about further stimulus from China, and ahead of a key monetary policy meeting in the United States. Three-month copper on the London Metal Exchange jumped by 1.2 percent to $5,360.50 a tonne by 0141 GMT, adding to 2.2 percent gains in the...

  • MELBOURNE, July 29- London copper climbed on Wednesday, adding to gains in the previous session, as investors bet on further stimulus from China following this week's sharemarket rout, and ahead of a key monetary policy meeting in the United States. *Shanghai Futures Exchange copper climbed 2.2 percent to 38980 yuan a tonne. *The rebound in U.S. jobs, limited in the...

  • LIMA, July 28- Southern Copper Corp said on Tuesday its net income dropped 12.6 percent drop in the first half of the year due to the slump in global metal prices, but it said it was well-positioned to weather the "temporary downturn". "Even though the current economic scenario is affecting metal prices, we believe this is a temporary headwind that will eventually...

  • New Gold beats 2Q profit forecasts Tuesday, 28 Jul 2015 | 7:27 PM ET

    VANCOUVER, British Columbia _ New Gold Inc. on Tuesday reported second-quarter profit of $9.4 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • *Protesters block Codelco mine access roads across Chile. SANTIAGO, July 28- A week-long strike by Codelco contract workers in Chile briefly stopped work at its second-largest copper mine on Tuesday, as Codelco Chief Executive Officer Nelson Pizarro negotiated with companies that employ the striking workers. Its small Salvador mine, which produced 54,000...

  • July 28- Freeport-McMoRan Inc may cut output at its small North American copper and molybdenum mines to help it reduce costs, analysts said on Tuesday after the miner and oil producer announced a cost and spending review amid weak commodity prices. Shares in Arizona- based Freeport leapt on the announcement, and were last up 9.4 percent at $12.44 on the New York...

  • Freeport-McCoRan launches business review to cut costs Tuesday, 28 Jul 2015 | 1:03 PM ET

    Shares of Freeport-McMoRan jumped Tuesday after the company said it has started reviewing its mining and oil and gas businesses to look for cost-cutting opportunities in the face of weak markets for its products. Freeport-McMoRan Inc.' s assets include mining operations in North and South America, oil and gas assets in the United States and a minerals...

  • FRANKFURT, July 28- German drugs packaging firm Gerresheimer has agreed to buy U.S. plastic vial maker Centor for $725 million in cash, giving it a leading position in the world's biggest drugs market and lifting its shares to an all-time high. Shares in Gerresheimer jumped more than 15 percent to 65.33 euros, valuing the company at 2.05 billion euros.

  • BRUSSELS, July 28- EU members have backed the imposition of anti-dumping duties on imports of cold-rolled flat stainless steel from China and Taiwan, according to sources familiar with the decision. The European Union will charge tariffs of between 24.3 and 25.3 percent for sheet, coil and strip imports from China and of 6.8 percent for Taiwanese product,...

  • Mozambique coal: boom to bust to wait it out Tuesday, 28 Jul 2015 | 10:20 AM ET

    Just a few years ago, billions of dollars poured into Mozambique, one of the world's poorest nations, in a twin scramble for inland coal and offshore gas. "At this stage Mozambique is not a coal story any more. "It's really a liquefied natural gas story now and I think the government is shifting its focus from coal to LNG," she told Reuters on the sidelines of a Mozambique...

  • LONDON, July 28- Goldman Sachs has inflamed further an already heated argument between analysts over the outlook for the copper market. The Wall Street heavyweight has positioned itself as a super bear, slashing its short, medium and long-term forecasts by as much as 44 percent in the case of 2018. Cash copper, currently trading around $5,200 per tonne, will fall...

  • July 28- Peabody Energy Corp said it was suspending its quarterly dividend, reducing production of steel-making coal and cutting jobs to stem losses as coal prices remain stubbornly low. Peabody said it was cutting 550 jobs, including 300 across mines in Australia and 250 corporate and regional support positions, and closing some offices in Wyoming.

  • DuPont cuts full-year outlook on weak farm sales Tuesday, 28 Jul 2015 | 8:53 AM ET
    DuPont research scientists at work in a biobutanol molecular biology lab

    DuPont cut its full-year earnings forecast, citing the spin-off of its performance chemicals unit and a weak demand for agricultural products.

  • AK Steel reports 2Q loss Tuesday, 28 Jul 2015 | 8:39 AM ET

    WEST CHESTER, Ohio— AK Steel Holding Corp. on Tuesday reported a loss of $64 million in its second quarter. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 37 cents per share. Five analysts surveyed by Zacks expected $1.67 billion.

  • Intrepid Potash reports 2Q loss Tuesday, 28 Jul 2015 | 8:27 AM ET

    DENVER _ Intrepid Potash Inc. on Tuesday reported a second-quarter loss of $4.9 million, after reporting a profit in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share. Intrepid Potash shares have dropped 38 percent since the beginning of the year.

  • *Tin matches May 8 high. LONDON, July 28- Copper prices rose on Tuesday, but the market remained nervous over the latest convulsions in Chinese equities and the possible ramifications for demand from the world's top metals consumer. Benchmark copper on the London Metal Exchange was up more than 1 percent at $5,255 a tonne at 1057 GMT from $5,188 at the close on...

  • Gerresheimer buys U.S. plastic vials maker Centor Tuesday, 28 Jul 2015 | 6:44 AM ET

    FRANKFURT, July 28- German drugs packaging firm Gerresheimer has agreed to buy U.S. plastic vial maker Centor for $725 million in cash, giving it a leading position in the world's biggest drugs market and lifting its shares to an all-time high. Shares in Gerresheimer jumped more than 15 percent to 65.33 euros, valuing the company at 2.05 billion euros.

  • *Kering, Statoil up on encouraging company updates. LONDON, July 28- European shares bounced back on Tuesday, lifted by strong company results and news of acquisitions after falling in the previous five sessions on concerns over China's growth. RSA Insurance Group surged 11.3 percent after Zurich Insurance said it was weighing up a bid for the British group with...

  • First Quantum said it was unable to provide estimates on how long the power supply reduction would last or its impact on production. The country's power provider ZESCO has contracted independent power producers to procure more electricity by the end of 2015, First Quantum said. First Quantum's Zambian smelter, which ramped up in February, is expected to...

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