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Materials and Metals Metals and Mining

  • LIMA, Peru— Union workers at more than 50 mines in Peru have gone on strike to protest parts of a labor reform that they say will harm workers' rights. Ricardo Juarez is leader of a national federation of miners. Juarez argued that laws approved by President Pedro Pablo Kuczynski would make it easier for mass layoffs and weaken inspection bodies.

  • LIMA, July 19- Unionized workers at mines in Peru, the world's second biggest copper producer, started a nationwide strike on Wednesday to protest the government's proposed labor reforms, the head of a federation of mining unions said on Wednesday. Workers at 56 mining unions in the Andean country, including the top copper mines, are striking, said Ricardo Juarez,...

  • LONDON/ GENEVA, July 19- U.S. President Donald Trump's plan to impose steel import tariffs for national security reasons would likely trigger a swift "safeguard" action by the European Union, political and industry sources said. Challenging the plan through the World Trade Organization's dispute system would take years.

  • LIMA, July 19- Unionized workers at mines in Peru, the world's second-biggest copper producer, started an indefinite, nationwide strike on Wednesday to protest the government's proposed labor reforms, the head of a federation of mining unions said on Wednesday. Workers at 56 mining unions in the Andean country, including the country's top copper mines, are...

  • SINGAPORE, July 19- China Minmetals Corp and China National Gold Group are unaware of any merger talks between the two companies, their listed units said on Wednesday, after a Reuters report on a possible deal caused a rally in their shares. "After checking with the company's owner China Minmetals Group, the group said it was not aware of a merger deal and had not been...

  • LIMA, July 19- Unionized workers at mines in Peru, the world's second-biggest copper producer, started an indefinite, nationwide strike on Wednesday to protest the government's proposed labor reforms, the head of a federation of mining unions said on Wednesday. Workers at 56 mining unions in the Andean country, including the country's top copper mines, are...

  • LONDON, July 19- Copper struggled to hold onto gains above $6,000 on Wednesday after the U.S. dollar rose but higher steel prices and upbeat Chinese data boosted expectations of strong demand. Copper hit $6,022.50 on Monday, its highest since March 2, driven by upbeat economic data from China. "There has been lots of positive sentiment from China but the dollar is...

  • Benchmark copper on the London Metal Exchange was down 0.1 percent to $5,997.50 a tonne at 0956 GMT, close to a an early May high of $6,022.50. "All metals generally are still benefiting from China data and from rising Chinese steel prices," said Capital Economics commodities economist Caroline Bain. CHINA DATA: A pick-up in the industrial sector helped China post...

  • Guidance for BHP's oil production was weak as low oil prices means lower cash flow for the company's U.S. shale assets, says Robert Brierley of RM Capital.

  • MELBOURNE, July 19- London copper consolidated near four-and-a-half month highs on Wednesday, weighed down by a slightly firmer dollar but supported by a pick-up in China's industrial activity that helped drive second-quarter economic growth. *Shanghai Futures Exchange copper slipped by 0.3 percent to 47,710 yuan a tonne. Treasury Secretary Steven...

  • BHP's iron ore numbers reflected a drop in costs due to energy-driven changes and automation, says Juerg Kiener of Swiss Asia Capital.

  • LONDON, July 18- U.S. oil and gas exploration and production companies are drilling new wells faster than they can be fractured and hooked up to gathering systems, creating a growing backlog of drilled but uncompleted oil and gas wells. By June, the number of drilled but uncompleted oil and gas wells across the seven largest shale plays had topped 6,000, according...

  • *Flags $546 mln exceptional item due to copper strike. "Our people have stepped up to unlock low-cost latent capacity and achieve strong productivity gains across our tier one assets," BHP Chief Executive Andrew Mackenzie said in a statement. BHP sells the majority of its iron ore to steel mills in China, where domestic ore typically contains much less iron.

  • July 19- BHP Billiton's fiscal fourth quarter iron ore output rose 8 percent from a year ago, enabling the world number three producer to meet its full year guidance. The company's Australian mines produced 70 million tonnes in the final quarter of fiscal 2017 on a 100 percent basis, taking annual output to 268 million tonnes against guidance of 268 million-272...

  • BUENOS AIRES, July 18- Argentina's state-run oil firm YPF SA, France's Total SA, Wintershall Energía SA and BP unit Pan American Energy LLC announced a $1.15 billion joint investment on Tuesday to increase shale gas production. The investment is the largest specific project announcement since March in Vaca Muerta, one of the world's largest shale formations,...

  • LONDON, July 18- Zinc prices fell back on Tuesday amidst profit-taking and producer selling, but copper and other base metals gained on worries about supply shortages. I suspect there was some producer selling coming in on copper, zinc and possibly aluminium, "said Robin Bhar, head of metals research at Societe Generale in London. ZINC: Benchmark LME zinc closed...

  • LONDON, July 18- The European Union is planning to impose duties of up to 33 percent on hot-rolled steel imports from Brazil, Iran, Russia and Ukraine to counter what it sees as unfairly low prices, according to a document seen by Reuters. The European Commission, which oversees EU trade policy, launched an investigation into hot-rolled steel from Brazil, Iran,...

  • BAKU, July 18- Azerbaijan's top gold producer Anglo Asian Mining said on Tuesday its first-half output fell 31.4 percent year-on-year to 23,218 ounces, but it was keeping its 2017 production target unchanged at 64,000 to 72,000 ounces. The London- listed firm said copper production at Azerbaijan's Gedabek main mine and the Gosha mine rose to 1,322 tonnes in the...

  • LONDON, July 18- U.S. oil and gas exploration and production companies are drilling new wells faster than they can be fractured and hooked up to gathering systems, creating a growing backlog of drilled but uncompleted oil and gas wells. By June, the number of drilled but uncompleted oil and gas wells across the seven largest shale plays had topped 6,000, according...

  • *Gold faces resistance at $1,247, 100- day moving average. LONDON, July 18- Gold prices hit a two-week high on Tuesday as the dollar fell on fading prospects of an imminent increase in U.S. interest rates and expectations of stronger demand from the physical market. "We see gold averaging around $1,300 over the third quarter," said ING commodities strategist Warren...