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  • US wins WTO ruling on Chinese speciality steel tariffs Friday, 31 Jul 2015 | 11:25 AM ET

    GENEVA, July 31- China failed to comply with a World Trade Organization ruling that found its tariffs on a type of speciality steel products breached global trade rules, a WTO panel said in a ruling on Friday. The United States brought the case in 2010 after China slapped punitive duties on U.S. exports of grain oriented flat-rolled electrical steel, used in the...

  • LONDON, July 31- Copper prices fell on Friday on persistent worries about demand in top consumer China, but losses were muted after weak U.S. data prompted a slide in the dollar. Three-month copper on the London Metal Exchange was down 0.4 percent at $5,240 tonne at 1435 GMT, after sliding as much as 1 percent in the morning and then bouncing briefly into positive...

  • JOHANNESBURG, July 31- Unions at South African gold producers are divided over whether to accept a final wage offer and avert the kind of prolonged strike that affected the platinum sector last year. AngloGold Ashanti, Sibanye Gold, Harmony Gold and two smaller producers, have offered wage increases of up to 17 percent, saying the sector is grappling with...

  • BRUSSELS, July 31- China's steel demand will shrink this year and lead to a flood of exports, ArcelorMittal said on Friday, highlighting the growth problems facing the world's top consumer and producer of the construction material. In dollar terms, ArcelorMittal only sells 1 percent of its steel to China compared to 46 percent to Europe, including Russia and...

  • LONDON, July 31- Barrick Gold Corp's sale of half of its Zaldivar copper mine in Chile to Antofagasta for what analysts say is a pricey $1 billion hit Antofagasta's shares on Friday, but could help Anglo American in its own copper assets sale. Shares in Antofagasta fell by almost 5 percent on Friday to their lowest in six years, after the announcement late on...

  • LONDON, July 31- Copper and most other base metals extended their downtrends on Friday on persistent worries about demand in top consumer China, leaving copper facing its biggest monthly loss since January. Investors remained on edge about demand in top metals consumer China, after an official warned that risks from a slowing economy must not morph into social...

  • *Top miner Nickel Asia eyes record exports this year. MANILA, July 31- Philippine nickel miners, hit by a slump in prices, may have found an unexpected ally in the El Nino. "The impact of El Nino on our operations is going to be positive," said Emmanuel Samson, the CFO of top miner Nickel Asia Corp. "The dry weather means our mines can continue to be productive in October or...

  • *ArcelorMittal has limited China exposure. BRUSSELS, July 31- ArcelorMittal, the world's largest steelmaker, said it would do better in the second half of the year than the first and kept its 2015 profit targets, despite cutting its global forecast for steel demand. ArcelorMittal, which produces 6 to 7 percent of the world's steel, repeated its 2015 for core profit...

  • MELBOURNE, July 31- London copper ticked lower on Friday and was facing its biggest monthly loss since January amid sputtering Chinese demand and a stronger dollar, with traders squaring books ahead of the month-end and Chinese factory data over the weekend. *Shanghai Futures Exchange copper fell 0.8 percent to 38360 yuan a tonne. Power cuts in Africa's...

  • MANILA, July 31- Gold hovered near 5-1/ 2- year lows early on Friday and is on course for a sixth straight weekly fall, its longest retreat since 1999, after strong U.S. *Spot gold was up 0.1 percent at $1,088.86 an ounce by 0037 GMT, but not far above last week's trough of $1,077, its lowest since February 2010. *The metal hit a low of $1,081.85 on Thursday as the dollar...

  • July 30- Barrick Gold Corp agreed on Thursday to sell 50 percent of its Zaldivar copper mine in Chile to copper miner Antofagasta Plc for $1 billion in cash, and both parties stressed that this was just the start of more cooperation. Both Barrick and Antofagasta said the deal was a launch pad for future co-operation, likely in Chile where Barrick owns large, unbuilt...

  • July 30- Barrick Gold Corp said on Thursday it had reached an agreement to sell 50 percent of its Zaldivar copper mine in Chile to Chilean-based copper miner Antofagasta Plc for just over $1 billion in cash. Antofagasta would become the operator of Zaldivar and would be overseen by a board consisting of three nominees from each company. "There are many potential...

  • 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,...

  • OPEC chief expects oil prices to stabilize Thursday, 30 Jul 2015 | 11:05 AM ET

    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...

  • Timmons Gold posts 2Q profit Thursday, 30 Jul 2015 | 10:51 AM ET

    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.

  • Lake Shore Gold posts 2Q profit Thursday, 30 Jul 2015 | 10:42 AM ET

    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.