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  • RIO DE JANEIRO, July 29- Brazilian miner Vale SA will likely announce its first profit in a year when it publishes second-quarter results on Thursday, bolstered by a recovery in iron ore prices during the period, a survey of analysts showed. The price of iron ore has halved over the past 12 months, touching its lowest level in over a decade, as supply from new mines...

  • WILLISTON, N.D., July 29- U.S. oil companies, under renewed pressure from falling crude prices, are increasingly tweaking and mixing fracking technologies as they scramble to squeeze more out of wells and eke out profits after rounds of cost-cutting. Shale oil firms need the experiments to payoff now more so than before given that oil prices have resumed their...

  • HARARE, July 29- Metallon Corp, the biggest gold producer in Zimbabwe, said it missed its first-half output target by 19 percent due to equipment breakdowns, in another setback for the country's mining sector, which has been hit by slumping commodities prices. London- based Metallon, which is not listed, owns fives mines in Zimbabwe, three operational and two which...

  • *Antofagasta cuts annual production guidance. LONDON, July 29- Copper dipped on Wednesday ahead of a U.S. central bank statement expected to set the stage for an interest rate hike in September and a potentially firmer dollar. Copper rallied earlier in the session, sparked by a rebound on the Chinese stock market and hopes of more stimulus in the world's top...

  • North American Palladium posts 2Q loss Wednesday, 29 Jul 2015 | 10:03 AM ET

    TORONTO _ North American Palladium Ltd. on Wednesday reported a loss of $78.7 million in its second quarter. The Toronto- based company said it had a loss of 20 cents per share. Keywords: North American Palladium, Earnings Report.

  • *Says to restart Goa mines by October. MUMBAI, July 29- India's Vedanta Ltd said on Wednesday it expected to restart iron ore mining by October in top exporting Goa province and that talks were continuing with regulators for merging with its cash-rich unit Cairn India. Chief Executive Tom Albanese said on a conference call Vedanta was hoping to get approvals as...

  • U.S. steel companies in June had filed a complaint with the U.S. government over cheaper imports of corrosion-resistant steel from China, India, Italy, South Korea and Taiwan, kicking off a process that could end in import duties. Cliffs has taken a hit from weak prices for iron ore, caused by excess supply from major iron ore miners such as Vale SA, Rio Tinto Plc and BHP...

  • Miner Cliffs Natural posts Q2 profit on lower costs Wednesday, 29 Jul 2015 | 8:15 AM ET

    July 29- Iron ore and coal producer Cliffs Natural Resources Inc reported a second-quarter profit, compared with a year-ago loss, helped by lower costs. The company reported a net profit attributable to shareholders of $60.2 million, or 39 cents per share, for the quarter ended June 30, compared with a loss of $1.9 million, or 2 cents per share, a year earlier.

  • Says to restart Goa mines after monsoons. MUMBAI, July 29- India's Vedanta Ltd said on Wednesday its quarterly profit more than doubled from a year-ago comparison weighed down by a one-time charge, and that it was on track to restart mining in key producing state Goa after monsoons. "We continue to focus on improving efficiency, costs, and enhancing production...

  • METALS-Copper rallies alongside Chinese equities Wednesday, 29 Jul 2015 | 6:19 AM ET

    LONDON, July 29- Copper prices rose on Wednesday, boosted by stronger Chinese equities and expectations that China, a top consumer of industrial metals, will move to support growth and sentiment with further stimulus. "China is struggling, but its not imploding. Copper is probably now reasonable value. "

  • FRANKFURT, July 29- German potash and salt miner K+ S has turned to economy minister Sigmar Gabriel for help in resisting an unwanted takeover approach by Potash Corp of Saskatchewan Inc, and has discussed the option of German state bank KfW taking a stake in K+ S, a newspaper reported on Wednesday. K+ S earlier this month rebuffed Potash Corp's 7.9 billion euros...

  • LONDON, July 29- Chilean miner Antofagasta cut is annual copper output forecast for the second time this year on Wednesday due to a delay in the start-up of its Antucoya project, as it posted a double-digit-percentage decline in half-year copper production. The London- listed miner, which has been hurt by a steep fall in prices, declining ore grades, unfavourable...

  • LONDON, July 29- Chilean miner Antofagasta cut is annual copper output forecast on Wednesday due to a delay in the start up of its Antucoya project, as it posted a double-digit percentage decline in its half-year copper production. The London- listed miner, which has been hurt by a steep fall in prices, declining ore grades, unfavourable weather and environmental...

  • METALS-London copper jumps as shorts rush for cover Tuesday, 28 Jul 2015 | 10:13 PM ET

    MELBOURNE, July 29- London copper jumped on Wednesday as short sellers rushed to cover their positions amid speculation about further stimulus from China, and ahead of a key monetary policy meeting in the United States. Three-month copper on the London Metal Exchange jumped by 1.2 percent to $5,360.50 a tonne by 0141 GMT, adding to 2.2 percent gains in the...

  • MELBOURNE, July 29- London copper climbed on Wednesday, adding to gains in the previous session, as investors bet on further stimulus from China following this week's sharemarket rout, and ahead of a key monetary policy meeting in the United States. *Shanghai Futures Exchange copper climbed 2.2 percent to 38980 yuan a tonne. *The rebound in U.S. jobs, limited in the...

  • Australian miners adapt to tough market: Report Tuesday, 28 Jul 2015 | 8:44 PM ET
    Australian miners adapt to tough market: Report

    David Hand, managing director at Newport Consulting, discusses the findings of its latest report which showed Australia's mining sector adjusting to tough market conditions.

  • LIMA, July 28- Southern Copper Corp said on Tuesday its net income dropped 12.6 percent drop in the first half of the year due to the slump in global metal prices, but it said it was well-positioned to weather the "temporary downturn". "Even though the current economic scenario is affecting metal prices, we believe this is a temporary headwind that will eventually...

  • New Gold beats 2Q profit forecasts Tuesday, 28 Jul 2015 | 7:27 PM ET

    VANCOUVER, British Columbia _ New Gold Inc. on Tuesday reported second-quarter profit of $9.4 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • *Protesters block Codelco mine access roads across Chile. SANTIAGO, July 28- A week-long strike by Codelco contract workers in Chile briefly stopped work at its second-largest copper mine on Tuesday, as Codelco Chief Executive Officer Nelson Pizarro negotiated with companies that employ the striking workers. Its small Salvador mine, which produced 54,000...

  • July 28- Freeport-McMoRan Inc may cut output at its small North American copper and molybdenum mines to help it reduce costs, analysts said on Tuesday after the miner and oil producer announced a cost and spending review amid weak commodity prices. Shares in Arizona- based Freeport leapt on the announcement, and were last up 9.4 percent at $12.44 on the New York...