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  • BILLINGS, Mont.— Montana environmental regulators granted conditional approval Friday to a long-stalled silver and copper mine proposed beneath a federal wilderness area, saying the developer must show before mining can proceed that the $500 million project won't drain overlying creeks. Developer Mines Management, Inc. pledged to move forward despite...

  • Britain, France and Germany are among the countries to have asked the European Commission to help Europe's steel industry, which is suffering from falling prices and cheap imports from China and Russia. On Friday, the European Commission announced investigations into whether seamless pipes, heavy plates and hot-rolled flat steel are sold into Europe at...

  • *India spends more than $4 bln on annual coking coal imports. NEW DELHI, Feb 12- India is asking the country's big steelmakers to consider converting local medium-quality coal into premium coking coal to slash an annual import bill of more than $4 billion for buying that grade from countries such as Australia and South Africa. Resurgent local output of...

  • BRUSSELS, Feb 12- European Union regulators opened three new anti-dumping investigations into Chinese steel products on Friday, responding to calls from European industry for protection from cheap imports that they blame for thousands of job losses in Europe. The EU executive also announced provisional anti-dumping duties on cold-rolled flat steel from...

  • NEW YORK, Feb 12- Gold's prospects for a sustained price rally are better than they have been for years as a weaker dollar, crashing oil prices and concerns about the global economy have revived its safe-haven status after years as the dog of global financial markets. The precious metal has climbed 20 percent so far this year to $1,260.60 an ounce with money...

  • LONDON, Feb 11- "The aluminum market continues to, in our view, face the greatest bearish fundamental shock in a generation, and perhaps, in its history." The Wall Street heavyweight is now projecting aluminum will trade at $1,350 per tonne on a 12- month horizon, down from its previous estimate of $1,550. On the London Metal Exchange three-month metal is today trading...

  • 'Rio Tinto is a proxy for iron ore prices' Thursday, 11 Feb 2016 | 6:47 PM ET
    Logic has prevailed with Rio Tinto's dividend policy

    CEF Holdings's Warren Gilman said expectations of an increase in Rio Tinto's dividend were overdone and the dividend cut was inevitable.

  • *China holiday subdues volumes, creates volatility. LONDON, Feb 11- Copper rose on Thursday as the dollar slipped, but fears for global growth sparked by worries about a potential financial crisis and uncertainty about demand in China curbed gains. "But there are a lot of uncertainties, from what's happening in China to the fact that everybody thinks the Fed made a...

  • TORONTO, Feb 11- Canada's main stock index fell 1 percent on Thursday, hitting a three-week low as a string of disappointing corporate earnings reports added to broad investor unease about the global economy. Telus Corp declined 3.4 percent to C $38.49 after the telecom company reported a fall in quarterly profit, hurt by increased competition and weaker...

  • The Plymouth, Minnesota- based company also reported fourth-quarter profit that fell less than expected, and announced a $75 million share repurchase program. Its shares jumped nearly 5 percent in early trading on the New York Stock Exchange. Falling currency values against the U.S. dollar have lowered production costs 17 percent in Canada, where Mosaic's...

  • *China holiday subdues volumes, creates volatility. LONDON, Feb 11- Copper rose on Thursday as the dollar slipped, but fears for global growth sparked by worries about a potential financial crisis and uncertainty about demand in China were expected to curb gains. "But there are a lot of uncertainties, from what's happening in China to the fact that everybody thinks...

  • *China holiday subdues volumes, creates volatility. LONDON, Feb 11- Copper rose on Thursday as the dollar slipped, but fears for global growth sparked by worries about a potential financial crisis and uncertainty about demand in China were expected to curb gains. "But there are a lot of uncertainties, from what's happening in China to the fact that everybody thinks...

  • *Agrees $500 mln Antapaccay mine deal with Franco-Nevada. LONDON, Feb 11- Glencore has taken another step to reduce its debt by selling $500 million of future precious metals output, and deepened oil production cuts after prices fell further. The Swiss-based mining and trading company said overnight it had agreed to sell future precious metals production from...

  • SYDNEY— Mining company Rio Tinto said Thursday it suffered a loss of $866 million in 2015 as deteriorating economic conditions around the world pressured prices of commodities such as iron ore and coal. The Australian mining giant on Thursday reported that 2015 revenue slumped to $34.8 billion from $47.6 billion the year before. Rio said it will reduce...

  • LONDON, Feb 11- Glencore has taken another step to reduce its debt by selling $500 million of future precious metals output and reported a drop in production of its most lucrative product, copper. The Swiss-based mining and trading company said overnight that it had agreed to sell future precious metals production from its Antapaccay mine in southern Peru to...

  • Rio Tinto slides to loss, abandons dividend pledge Thursday, 11 Feb 2016 | 2:12 AM ET

    Miners are under pressure to curb spending to help them weather the worst market conditions in nearly two decades.

  • MELBOURNE, Feb 11- Rio Tinto slumped to a loss for 2015 as prices for iron ore and copper plummeted and scrapped its promise to maintain or lift its dividend annually for this year onward due to a tough outlook. Rio reported a net loss of $866 million, hammered by $1.8 billion in writedowns, relating mainly to its Simandou iron ore project in Guinea.

  • Rio Tinto slides to annual loss, abandons payout policy Thursday, 11 Feb 2016 | 1:18 AM ET

    MELBOURNE, Feb 11- Global miner Rio Tinto slumped to a net loss for 2015, hit by a rout in commodities, and scrapped its promise to pay a steady or higher dividend annually due to the tough outlook. Rio reported a net loss of $866 million, hammered by $1.8 billion in writedowns. Underlying earnings slumped 51 percent to $4.54 billion in 2015 from $9.31 billion a year...

  • LONDON, Feb 11- Buying by central banks as well as Chinese investors seeking protection from a weakening currency helped lift demand for gold in the final quarter of last year and the trend looks set to continue, the World Gold Council said on Thursday. China remained the world's biggest consumer of gold last year, ahead of India, with economic headwinds...

  • 'Rio Tinto in pretty good financial shape' Wednesday, 10 Feb 2016 | 11:06 PM ET
    Hold rating on Rio Tinto

    Rio Tinto is financially more stable than its rivals and has the capacity to increase dividends, says Gaurav Sodhi from Intelligent Investor.