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  • The proposal would have opened up drilling sites more than 50 miles off Virginia, North and South Carolina, and Georgia to oil drilling by 2021.. Coastal communities in these states protested the administration's plan, fearing the possibility of an oil spill like the BP Horizon accident in 2010 on the U.S. Gulf Coast, and its effects on tourism and their economies.

  • *EU may shore up trade defences if China gets market status. BRUSSELS, March 15- China has persuaded the European Commission to cut estimates of its spare steel capacity, EU documents seen by Reuters show, raising concerns in Europe that Brussels may be weakening its hand against cheap Chinese imports. "The figures were revised after China challenged our data," the...

  • The proposal would have opened up drilling sites more than 50 miles off Virginia, North and South Carolina, and Georgia to oil drilling by 2021.. Coastal communities in these states protested the administration's plan, fearing the possibility of an oil spill like the BP Horizon accident in 2010 on the U.S. Gulf Coast, and its effects on tourism and their economies.

  • TORONTO, March 15- Canada's main stock index fell on Tuesday as weaker commodity prices weighed on energy and mining stocks, while the shares of a major drugmaker tanked. U.S. crude prices fell for a second day, down 2.7 percent at $36.18 a barrel, as concerns emerged that a six-week rally may have fizzled after OPEC doused hopes for a speedy erosion of a global...

  • NEW DELHI, March 15- India's trade deficit narrowed in February to its lowest since Sept. 2013 as exports contracted at a slower pace, with demand remaining weak from Europe, the country's biggest market. Cheaper Chinese exports have undercut India's engineering exports, which constitute around a quarter of total goods exports. Merchandise exports, equivalent...

  • SYDNEY, March 15- Parliament in the Australian state of Queensland agreed on Tuesday that India's Adani Enterprises Ltd should be granted "all state government approvals" to build one of the world's biggest coal mines, state mining minister Anthony Lynham said. The A $10 billion project in the undeveloped Galilee Basin has been delayed by challenges from...

  • Peabody Energy Corp, the largest U.S. coal producer, said this month that its lenders are pushing to restructure its $6 billion debt through bankruptcy. Foresight Energy reported a net loss of $64.3 million, or 44 cents per limited partner unit, for the fourth quarter, compared with a profit of $31.1 million, or 22 cents per limited partner unit, a year earlier.

  • MOSCOW, March 15- Russia's Norilsk Nickel reported a 24 percent decline in 2015 core earnings on Tuesday mainly due to lower prices for its metals and forecast global primary nickel consumption to remain flat this year. "The unprecedented plunge in metal prices heavily weighed on our performance, affecting negatively our top line performance and EBITDA, with...

  • LONDON, March 15- Chilean copper miner Antofagasta warned of another tough year ahead as it posted a worse-than-forecast fall in profit, dragging its shares down nearly 10 percent. "This has been a challenging year for both the wider industry and Antofagasta and 2016 also looks like it will be difficult," Chief Executive Diego Hernández said on Tuesday.

  • LONDON, March 15- Chilean copper miner Antofagasta will continue cash payouts to investors of at least 35 percent of earnings this year despite an expected weak copper price, its chief executive said on Tuesday. "We will maintain our stated dividend policy, which is to pay a minimum of 35 percent of full year earnings," CEO Diego Hernández told a conference call.

  • LONDON, March 15- Chilean miner Antofagasta cancelled its final dividend on Tuesday as it posted a 58 percent fall in annual core profit, hit by a rout in the price of copper. "We know that copper is a cyclical industry and as a result of the actions that we have taken over the past year we will be positioned to benefit from the recovery when it comes," Chief Executive...

  • LONDON, March 15- Chilean copper miner Antofagasta cancelled its final dividend on Tuesday as it posted a 58 percent fall in annual core profit, hit by a rout in the price of the metal. The miner said a statement that the board was not recommending a final dividend since the interim dividend of 3.1 cents had met its 35- percent payout target. It reported first-half...

  • MELBOURNE, March 15- London copper edged down on Tuesday as the dollar maintained its strength ahead of a slew of central bank meetings this week, with the Federal Reserve expected to underscore further U.S. rate rises ahead. *Shanghai Futures Exchange copper fell 1.1 percent to 37,360 yuan a tonne. *Net foreign exchange sales by China's central bank fell sharply...

  • *More than $3 billion seen in potential deals. MELBOURNE/ SYDNEY March 15- After years on the sidelines, funds specialising in troubled assets are set to take centre stage in the mining industry, driving deals in a sector where the top players alone plan to raise more than $30 billion through sales to cut debt. "The longer this commodity rout continues, the greater...

  • March 14- Iron ore producer Cliffs Natural Resources Inc's bondholders are suing the company over a bond exchange offer in January that was prompted by falling commodity prices, and aimed at reducing the company's debt. The plaintiffs allege that Cliffs only favored larger bondholders to participate in the offering, while reducing the value of notes of...

  • LONDON, March 14- European equities extended gains on Monday, with auto shares propelled by a positive outlook for the sector and miners helped by a steadying of copper prices below four-month highs. The European mining index rose 1.8 percent, the top gainer in the pan-European FTSEurofirst 300 index after data from China at the weekend and comments by a...

  • LONDON, March 14- European equities extended gains on Monday, with auto shares propelled by a positive outlook for the sector and miners helped by a steadying of copper prices below four-month highs. The European mining index rose 1.6 percent, the top gainer in the pan-European FTSEurofirst 300 index after data from China at the weekend and comments by a top...

  • LONDON, March 14- Feast or famine? In Shanghai, metal is piling up in warehouses registered with the Shanghai Futures Exchange. On the London market the trend is running in the opposite direction.

  • *Dollar firms before U.S., Japan central bank meetings. LONDON, March 14- Copper was flat and aluminum fell on Monday, weighed down by a stronger dollar and weak Chinese industrial output data, but losses were modest due to other more positive Chinese economic numbers. "The China data is a bit confusing because industrial production was a very weak number, but FAI was...

  • LONDON, March 14- Copper and aluminium fell on Monday, weighed down by a stronger dollar and weak Chinese industrial output data, but losses were modest due to other more positive Chinese economic numbers. "The China data is a bit confusing because industrial production was a very weak number, but FAI was up," said Wiktor Bielski, head of commodities research at VTB...

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