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  • SANTIAGO, April 5- Anglo American Plc expects prices for copper to remain low for the next three to five years, prompting the global miner to focus on lowering costs at its mines, the head of the company's copper business said on Monday. We want our assets to be low cost, " Hennie Faul, the head of Anglo's copper business, told Reuters in an interview ahead of the annual...

  • LONDON, April 5- Support for Britain to stay in the European Union rose in the last month, suggesting a crisis in the steel industry and attacks in Brussels have not boosted the campaign for an exit, according to an ORB poll for the Daily Telegraph. Support for the "In" campaign was up by four percentage points compared to a similar poll carried out last month, which the...

  • *Sale will allow Vale to focus on core mining businesses. SAO PAULO/ FRANKFURT, April 5- Brazilian miner Vale SA has agreed to sell its 27 percent stake in the struggling CSA steel plant to Germany's Thyssenkrupp for a token sum, the two parties said, confirming a Reuters report from Friday. Thyssenkrupp will become the 100 percent owner and have a free hand to do what...

  • TOKYO, April 5- Japan's crude steel output for April-June will fall 2.4 percent from a year earlier to the lowest for the quarter in seven years, the government said on Tuesday. That would come as the latest in a series of signals of economic slowdown, clouding the outlook for Prime Minister Shinzo Abe's drive to reflate the economy and spurring calls for more...

  • SYDNEY, April 5- Iron ore shipments to China from Australia's Port Hedland, used by miners such as BHP Billiton, rose nearly 12 percent in March, data showed on Tuesday. Exports to China from the port- the world's largest of its kind- reached 32.59 million tonnes in March, up from the 29.14 million tonnes in February, Pilbara Port authority figures showed.

  • April 4- North Dakota farmer Randy Thompson plans to apply 30 percent less nitrogen fertilizer to his corn this year to save money in the face of crashing crop prices. In Minnesota, Andy Pulk is trucking crop nutrients to his farm from 350 miles away because he found a better price than his local cooperative could offer. Last month, the company cut its full-year...

  • SAO PAULO, April 4- Brazilian miner Vale SA said on Monday it will sell its entire 26.87 percent stake in the struggling CSA steel plant to Germany's ThyssenKrupp for a token value, in a bid to focus on core mining businesses with commodity prices at historic lows. The CSA plant cost $10 billion to build and was Brazil's most expensive ever foreign investment...

  • SAO PAULO, April 4- Brazilian miner Vale SA said on Monday it will sell its entire 26.87 percent stake in the CSA steel plant to Germany's Thyssenkrupp for a token value, in a bid to focus on its core mining businesses with commodity prices at historic lows.

  • April 4- Canadian gold miner Torex Gold Resources Inc said on Monday it was suspending operations at a mine in Mexico due to a blockade by three families demanding payments alleging environmental damages. "The authorities have been actively involved in resolving the situation and we hope that their efforts are successful soon," Chief Executive Fred Stanford...

  • *Fortescue to let Downer EDI service contract expire. Fortescue said it would take over operations at its Christmas Creek mine in Western Australia once its outsourcing contract with Downer expires in September. "Adoption of an owner-operator model will further reduce Fortescue's costs through ongoing improvement of the efficiency and productivity of...

  • SYDNEY, April 4- Australia's Fortescue Metals Group Ltd said on Monday it would take over operations at its Christmas Creek mine from September, after an outsourcing contract expires with mining services company Downer EDI Ltd. "Adoption of an owner-operator model will further reduce Fortescue's costs through ongoing improvement of the efficiency and...

  • BEIJING, April 3- Creditors in China's Bohai Steel Group have agreed to extend the maturity of their loans and lower the interest rates under a second restructuring plan for the troubled steelmaker, according to financial magazine Caixin on Sunday. China's steelmakers are in the eye of a storm as Beijing moves to slim down bloated industries, including steel...

  • LONDON, April 3- Britain said on Sunday that UK steel producers must be considered for infrastructure and other government contracts involving steel supplies, as part of plans to find a long-term solution to a crisis in the industry. "By changing the procurement rules on these major infrastructure projects we are backing the future of UK steel- opening up...

  • LONDON, April 3- Britain said on Sunday that all public sector contracts that involve steel supplies must specifically consider UK steel companies as part of plans to find a long-term solution for the country's steel industry. "By changing the procurement rules on these major infrastructure projects we are backing the future of UK steel- opening up...

  • LONDON, April 2- Britain's Prime Minister David Cameron wants Britain and China to work together to tackle over-capacity in the steel industry and that the G20 could be a good forum to address it later in the year, his spokesman said on Saturday. Steelmakers in Britain pay some of the highest energy costs and green taxes in the world, but the government says the...

  • NEW YORK/ SAO PAULO, April 1- Brazilian iron ore miner Vale SA is finalizing a proposal to sell its 26.87 percent stake in a steel slab plant that cost nearly $10 billion to build to Germany's Thyssenkrupp for $1 plus the assumption of some debt, a source close to the deal said. The plant, Brazil's most costly foreign investment project ever, reported 2.6 billion euros...

  • *Tata put UK steel ops up for sale this week. FRANKFURT/ DUESSELDORF, April 1- India's Tata Steel and Germany's Thyssenkrupp have been talking about combining their European steel operations, a person aware of the talks said on Friday. German newspaper Rheinische Post reported earlier on Friday that Tata Steel was in advanced talks to buy a stake in...

  • US Steel CEO: Our industry can't compete with level playing field

    Mario Longhi, CEO of U.S. Steel, talks about the state of manufacturing in the U.S. and the steel sector in China.

  • JAKARTA, April 1- Standard Chartered, struggling to recoup a $1 billion loan extended to one of Indonesia's richest men, has hit fresh trouble after a Jakarta court excluded it from a key creditor list and raised doubts over the validity of the underlying deal. The $1 billion loan was made to mining tycoon Samin Tan's coal firm, Borneo Lumbung Energi& Metal Tbk and...

  • *China factory sector growth for first time in 9 months. *China copper smelters look for Q2 treatment hike. Some analysts were cautious, however, about PMI data in China, the world's top metals consumer, accounting for 45 percent of global copper demand.

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