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  • Nov 17- Coal and iron ore producer Cliffs Natural Resources Inc said it would temporarily halt operations and cut 450 jobs at its Northshore iron ore mine in Minnesota by Dec. 1, aiming to lower costs at a time when miners battle weak prices and demand. Cliffs has already temporarily idled operations at its United Taconite mine in Minnesota in August and said on...

  • Nov 17- Coal and iron ore producer Cliffs Natural Resources Inc said it would temporarily halt all operations at its Northshore iron ore mine in Minnesota by Dec. 1, aiming to reduce costs at a time when miners are hit by weak prices and low demand. The company, which has previously idled the United Taconite mine, said it will continue to operate the Hibbing Taconite...

  • Nov 17- BP Plc said on Tuesday it was exploring the sale of a petrochemical plant in Decatur, Alabama as part of a restructuring of its petrochemicals business. BP said it was spending $200 million to cut costs at PTA-producing plants in Cooper River, South Carolina and Geel, Belgium. BP's shares were up 2.6 percent at 378.1 pence on the London Stock Exchange at 1510...

  • Nov 17- Coal and iron ore producer Cliffs Natural Resources Inc said it would temporarily halt all operations at two iron ore projects in Minnesota by Dec. 1, aiming to reduce costs at a time when miners are hit by weak prices and low demand. The company, which has previously idled the United Taconite mine, said it will continue to operate the Hibbing Taconite mine in...

  • Nov 17- BP Plc said it was exploring the sale of a petrochemical plant in Decatur, Alabama as part of a restructuring of its petrochemicals business.

  • Nov 17- Coal and iron ore producer Cliffs Natural Resources Inc said it would temporarily halt iron ore pellet production at its Northshore plant in Minnesota by Dec. 1. The company said that existing demand will be met from its current iron ore inventory. "The historic high tonnage of foreign steel dumped into the U.S. continues to negatively impact the steel...

  • NAIROBI, Nov 17- Kenya's ARM Cement said on Tuesday it was seeking up to $90 million via a privately placed five-year bond to retire more expensive short-term debt, and saw its market share in Tanzania and Kenya rising to 20 percent from 15 percent in five years. ARM Cement, the second biggest cement producer in East Africa, reported a pretax loss in the nine months to...

  • SHANGHAI/ MANILA, Nov 17- Chinese steel prices hit record lows on Tuesday amid prolonged worries over shrinking demand in the world's top consumer that market sources say has forced one of the country's largest private producers to cease output. On Tuesday, Chinese steel prices plumbed a record low of 1,748 yuan a tonne, down nearly 37 percent since the beginning...

  • JOHANNESBURG, Nov 17- South Africa's Royal Bafokeng Platinum will delay the ramp up of its new mine by a year as commodity prices sink to near seven-year lows, the company said on Tuesday. Spot platinum has recovered from seven-year lows of $851 hit on Friday on concerns about oversupply and slowing demand in top consumer China, but is still at levels last seen in...

  • MOSCOW, Nov 17- Russian aluminum giant Rusal plans to decide in mid-December which aluminum smelters to suspend as a part of its plans to potentially cut up to 200,000 tonnes of production, Chief Executive Vladislav Soloviev told reporters on Tuesday. KUBAL, the sole producer of primary aluminum and the largest industrial facility in Sweden, has annual...

  • NAIROBI, Nov 17- Kenya's ARM Cement aims to raise up to $105 million via a privately placed five-year bond to retire more expensive short-term debt, Kenya's Business Daily newspaper reported. There is no increase in total debt only refinancing existing short-term debt, "Pradeep Paunrana, chief executive of ARM Cement, told the paper. ARM Cement posted a pretax...

  • "It seems all over the world, the economy is weak, also within China and India, so the potential market for consumers has also declined," said Dick Poon, general manager of Heraeus Precious Metals. China and India are the world's top two consumers of gold. French President Francois Hollande called on the United States and Russia on Monday to join a global coalition to...

  • *Codelco offers much lower $98 2016- term premium to China. LONDON, Nov 16- Copper prices fell to their lowest in more than six years on Monday in a sell-off triggered prospects in top consumer China. "We're struggling to see light at the end of the tunnel, things aren't getting any better in China, we can't see what is going to turn things around for industrial metals,"...

  • *Codelco offers much lower $98 2016- term premium to China. LONDON, Nov 16- Copper prices fell to six-year lows on Monday in a sell-off triggered by the attacks in Paris, a stronger dollar and poor demand prospects in top consumer China. "We're struggling to see light at the end of the tunnel, things aren't getting any better in China, we can't see what is going to turn...

  • LAUNCESTON, Australia, Nov 16-- Let's assume that you are a somewhat contrarian investor and take the view that the recent slump to fresh lows in commodity prices, and the share prices of producers, is a sign that a turnaround is coming in 2016.. BHP Billiton, the world's largest diversified miner, reached its lowest since the 2008 financial crisis in Sydney trading...

  • *Gold, oil futures open up in high volumes. SINGAPORE/ MELBOURNE, Nov 16- Gold and oil started slightly up in nervous early trading in Asia on Monday following the deadly attacks on Paris, but commodities markets overall are likely to remain weak on poor fundamentals. We can expect some higher volatility in the near term, "said Dominic Schnider, analyst at UBS Wealth...

  • These are the key global concerns

    The three main global issues are economic contraction, a tech bubble and terrorism in key cities, says Frank Troise, MD of Infinity Partners.

  • *Gold, oil futures open up in high volumes. SINGAPORE/ BEIJING, Nov 16- Gold and oil started slightly up in nervous early trading in Asia on Monday following the deadly attacks on Paris, but commodities markets overall are likely to remain weak on poor fundamentals. Front-month U.S. crude futures were trading at $40.89 a barrel at 0004 GMT, up 15 cents from their last...

  • RIO DOCE, Brazil, Nov 15- The collapse of two dams at a Brazilian mine has cut off drinking water for quarter of a million people and saturated waterways downstream with dense orange sediment that could wreck the ecosystem for years to come. Nine people were killed, 19 are still listed as missing and 500 people were displaced from their homes when the dams burst at an...

  • NEW YORK, Nov 13- Global stock indexes fell on Friday as copper slid to a six-year low on increasing worries over slower economic growth in China and a glut in supply. The move in copper follows data out of China this week that pointed to weakness in that economy, including industrial output hitting a seven-month low in October. The supply of copper could tighten as...

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