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  • LUSAKA, July 30- Zambia's Copperbelt Energy Corporation will cut power supply to mines it services by 30 percent from midnight, a senior industry official said on Thursday. Copperbelt Energy buys electricity from state power company Zesco Ltd and supplies it to companies including Vedanta Resources, Glencore and Vale. "Copperbelt Energy Corporation...

  • LUSAKA, July 30- Zambia's Copperbelt Energy Corporation will cut power supply to mines it services by 30 percent from midnight, a senior industry official said on Thursday. "Copperbelt Energy Corporation informed us this morning that it will cut power supply to the copper belt mines it supplies by 30 percent from midnight. Copperbelt Energy buys electricity...

  • If it acquires K+ S, Potash Corp, the world's biggest fertilizer producer, would finish building K+ S's Saskatchewan mine and operate it, selling its potash offshore through its Canpotex marketing arm, Chief Executive Jochen Tilk said during a conference call. Potash Corp said it intends to talk with K+ S management, despite K+ S's rejection this month of Potash...

  • BUENOS AIRES, July 30- Protests that briefly disrupted production in part of Argentina's main shale oil producing region have ended and operations are back to normal, state-controlled energy firm YPF said on Thursday. Demonstrators from the local Zonal Xwanco and Campo Maripe communities late on Wednesday lifted their blockades on access roads to several...

  • RIO DE JANEIRO, July 30- Vale SA, the world's biggest iron ore producer, returned to profit in the second quarter, bolstered by higher output and cost cuts as it kept up pressure on Australian rivals in its fight for market share. A big part of the improved result was a reduction in cash costs, with Vale lowering its cost of producing a tonne of iron ore to $15.8 per tonne,...

  • MOSCOW— OPEC and Russia say they expect the global oil market to become more balanced and stable next year after the recent sharp drops. OPEC decided in June not to cut production, in a bid to retain its share of the global market in the face of a boom in shale oil production in the U.S. Russia, which is not part of OPEC but is the world's top crude producer and depends...

  • VANCOUVER, British Columbia _ Timmons Gold Corp. on Thursday reported second-quarter net income of $629,000. The Vancouver, British Columbia- based company said it had profit of less than 1 cent on a per-share basis. This story was generated by Automated Insights using data from Zacks Investment Research.

  • TORONTO _ Lake Shore Gold Corp. on Thursday reported second-quarter earnings of $1.4 million. On a per-share basis, the Toronto- based company said it had net income of less than 1 cent. Keywords: Lake Shore Gold, Earnings Report.

  • LONMIN: VICTIM OF PRICE FALLS AND MANAGEMENT WOBBLES@* Platinum producers hit by falling prices, rising costs* Lonmin seen bleeding more quickly than others* Shares hit lowest levels since 1979. LONDON/ JOHANNESBURG, July 30- Platinum producer Lonmin is facing its deepest crisis to date, hurt by a downturn in the metal and haunted by a mixture of bad luck and...

  • RIO DE JANEIRO, July 30- Vale SA, the world's biggest iron ore producer, returned to profit in the second quarter, bolstered by higher output and cost cuts as it kept up pressure on Australian rivals in the fight for market share. A big part of the improved result was a reduction in cash costs, with Vale lowering its cost of producing a tonne of iron ore to $15.8 per tonne,...

  • LONDON, July 30- Gold mining companies are turning increasingly to derivatives to lock in future revenues, as an industry still smarting from losing out on a 12- year bull run gets creative over protecting its income during the metal's current downturn. Data released this month from Societe Generale and GFMS analysts at Thomson Reuters showed options...

  • EVELETH, Minn.— More than 400 United Taconite employees on Minnesota's Iron Range are expected to be off the job for up to six months. Lower prices in an oversupplied steel market are blamed for the temporary layoffs in Eveleth and Forbes. The Star Tribune reports hundreds of workers remain on layoff at three other mining operations in Minnesota.

  • LONDON, July 30- When the going gets tough, there's always the cost curve. On the London Metal Exchange, benchmark three-month copper this week hit a low of $5,164 per tonne, a level last seen in 2009.. So far only a handful of smaller mines have been shuttered but this week brought news that Freeport McMoRan, one of the world's biggest copper producers, is running the...

  • RIO DE JANEIRO, July 30- Vale SA, the world's biggest iron ore producer, returned to profit in the second quarter, bolstered by higher output and cost cutting and keeping up pressure on Australian rivals in the fight for market share. A big part of the improved result was a reduction in cash costs, with Vale lowering its cost of producing a tonne of iron ore to $15.8 per...

  • *China bonded copper premiums jump $10 to highest since March. MELBOURNE, July 30- London copper soured on Thursday, as jitters resurfaced in China's sharemarkets and as a dollar revival picked up pace on bets of a looming rate rise in the United States. "We'll need to see how much more stimulus is thrown at it- if China throws a lot, at the end of the day, prices have to hold-...

  • Kinross Gold reports 2Q loss Wednesday, 29 Jul 2015 | 7:42 PM ET

    TORONTO _ Kinross Gold Corp. on Wednesday reported a second-quarter loss of $83.2 million, after reporting a profit in the same period a year earlier. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for a loss of 1 cent per share. Three analysts surveyed by Zacks expected $748.6 million.

  • July 29- Kinross Gold Corp is again considering cutting jobs at its Tasiast gold mine in Mauritania, Chief Executive Officer Paul Rollinson said on Wednesday, as the Canadian miner looks for ways to reduce costs at its higher-cost mines amid sliding metals prices. High costs have dogged Tasiast since its purchase as part of Kinross' $7.1 billion takeover of...

  • July 29- Kinross Gold Corp slid to a loss in the second quarter, in line with market expectations, on the back of a weaker gold price, lower gold sales and the temporary suspension of operations at a mine in Chile. The Toronto- based gold producer reported a loss of $83.2 million, or 7 cents a share, in the three months to end-June. Excluding one-time items, Kinross...

  • TORONTO, July 29- Sherritt International will mull further spending cuts if depressed nickel and oil prices stay low, but will not consider curtailing nickel output, the Canadian company's chief executive said on Wednesday. Sherritt, which has joint-venture nickel mines in Madagascar and Cuba, would not consider a cutback because its production costs are in...

  • Gold struggles to rise back above $1,100/ oz level. NEW YORK/ LONDON, July 29- Gold moved up a shade on Wednesday, but remained near last week's 5-1/ 2- year low, after a U.S. "market can't seem to decide whether the Fed has moved marginally farther away from a September hike," said Tai Wong, director of base and precious metals trading for BMO Capital Markets in New York.