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  • LONDON, March 23- New commodities trading company Javelin Global Commodities is aiming to ramp up its coal trading activities to grab market share vacated by retreating banks and utilities. Javelin hopes to boost its coal trading volumes to between seven and eight million tonnes in 2016, from the three million tonnes traded in the company's first six months...

  • *Sees 70 billion yen loss in financial year ending March 31. TOKYO, March 23- Japan's Mitsui& Co is set to post its first annual loss since being established in 1947 after a slide in energy and metal prices forced it book 260 billion yen in writedowns, it said on Wednesday. The Tokyo- based company said it expected a net loss of 70 billion yen for the financial year ending...

  • TOKYO, March 23- Japan's Mitsui& Co on Wednesday predicted its first loss for its financial year ending March 31, as slumping prices of metals and energy forced it to book a massive 260 billion yen in writedowns. The 260 billion yen in writedowns include a 115 billion yen impairment loss on its copper mines in Chile to reflect a revision to its long-term outlook for...

  • TOKYO, March 23- Japanese trading firm Mitsui& Co said on Wednesday it expected a net loss of 70 billion yen for the business year to March 31, against an earlier forecast for a profit of 190 billion yen, hit by hefty one-off losses in its copper and other resource assets. The company will book a total of 260 billion yen in one-off losses, including a 115 billion yen...

  • *China to cut capacity in coal, steel, nonferrous metals, cement. BEIJING, March 23- China's campaign to slim down its bloated industries could be derailed by more than $1.5 trillion of debt in its steel, coal, cement and non-ferrous metal sectors, which threatens to overwhelm local banks. The debt figures, revealed in papers submitted to China's parliament this...

  • An Argor-Heraeus SA stamp sits on a two hundred and fifty gram gold bar in this arranged photograph at Solar Capital Gold Zrt. in Budapest, Hungary.

    Goldman Sachs has a price target of $1,000 on gold. But Michael Pento says that's not happening anytime soon. Here's why.

  • *FTSE 350 mining vs copper: http://reut.rs/1UCQIqe. LONDON, March 22- The doubling of Anglo American's share price since late January means the time could be ripe for a rights issue rather than an asset fire sale to boost its defences against tumbling commodity prices, fund managers say. The London- listed global miner has insisted it does not need to raise cash and...

  • LONDON, March 22- Gold rallied more than 1 percent on Tuesday as investors sought assets seen as a haven from risk after deadly bomb attacks hit Brussels airport and a rush-hour Metro train in the Belgian capital. Spot gold rallied to a high of $1,259.60 an ounce in the wake of the attacks, and was 0.9 percent higher at $1,254.35 an ounce at 1246 GMT.

  • *At least 13 dead in blasts at Brussels airport, Metro. LONDON, March 22- Gold rallied more than 1 percent on Tuesday after two explosions at Brussels airport killed at least 13 people and a further blast hit the Belgian capital's Metro, with investors seeking assets seen as a haven from risk. Spot gold rallied to a high of $1,259.60 an ounce in the wake of the news, and...

  • Don't write off China: Fortescue's Andrew Forrest

    Andrew Forrest, chairman of Fortescue Metals Group, praises the volume of growth of the Chinese economy.

  • An iron ore oversupply still needs to "work through the system," Fortescue chairman Andrew Forrest warned.

  • *Says growth in Australia coal supply has tapered. MELBOURNE, March 22- New Hope Corp, Australia's top independent coal producer, sees signs the Asian thermal coal market has bottomed out, with prices expected to creep up over the medium term. New Hope said growing ship queues at the port of Newcastle were a positive signal, showing demand remained firm for...

  • CALGARY, Alberta, March 21- The Alberta Energy Regulator said on Monday it is implementing additional requirements at Canadian Natural Resources Ltd's Primrose oil sands project after concluding excessive steaming caused a 6,648- barrel bitumen emulsion leak in 2013.. Bitumen emulsion- a mixture of bitumen, sand and water- was discovered oozing to the...

  • BRIEF-TOYO ENGINEERING TO BUILD A FERTILIZER PLANT IN INDIA-. *Toyo Engineering is building what would be one of the world's largest fertilizer plants in India- Nikkei. *Toyo Engineering won a roughly 70 billion yen turnkey contract from Chambal Fertilisers And Chemicals for a new plant in state of Rajasthan.

  • FRANKFURT, March 21- Shares in German drugs and pesticides maker Bayer rose more than 5 percent on Monday after sources close to the matter told Reuters that Monsanto was interested in a deal with its crop science business. Bayer's shares gained as much as 5.4 percent on Monday, and at 1235 GMT were up 3.2 percent at 102.45 euros, a 7- week high. Bloomberg at the...

  • *Expectation of more U.S. shale gas output adds pressure. LONDON, March 21- Oil prices recovered from early losses on Monday as the market digested news of a modest rise in. Brent crude futures were 2 cents lower at $41.18 a barrel by 1105 GMT, having risen from a session low at $40.48, while U.S. futures eased by 53 cents to $38.91.

  • SHANGHAI, March 21- The European Union's call to step up measures on imports of Chinese steel products will not solve the problems facing the global steel industry but will affect the international trade order, China's Commerce Ministry said on Monday. The European Commission announced plans on March 16 to speed up trade defense cases against cheap imports...

  • LONDON, March 21- European shares fell on Monday, as a decline in the share prices of major mining stocks and in French supermarket operator Casino weighed on the region's stock markets. The pan-European FTSEurofirst 300 index and the euro zone's blue-chip Euro STOXX 50 index were both down by 0.7 percent. However, Bayer's shares rose after people familiar with...

  • SHANGHAI, March 21- Bohai Steel Group Co Ltd, a steelmaker based in northeast China, may be unable to make full repayment on 192 billion yuan of debt, the online financial magazine Caixin reported. The city government of Tianjin, which owns the firm, has set up a committee of creditors to help resolve the problem, Caixin said on Saturday. Creditors include the Tianjin...

  • MELBOURNE, March 21- London copper rose on Monday, moving toward the four-month high reached in the previous session, underpinned by expectations that U.S. and European central banks will keep loose monetary policies and amid stronger seasonal demand. Meanwhile copper shipments have streamed into China, boosting stockpiles to record levels, even as its...

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