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  • LONDON, April 28- Anglo American has agreed to sell its niobium and phosphates businesses in Brazil to China Molybdenum for $1.5 billion in cash, it said on Thursday, as it seeks to cut debt in a radical restructuring of the global mining group. Anglo American shares rose more than 3 percent in early trade as analysts said the price was higher than expected and boded...

  • LONDON, April 28- The British government will probably have to do more to help India's Tata Steel to find a buyer for its steel plants in the country, Bimlendra Jha, the chief executive of Tata Steel UK said on Thursday. Jha told a committee of British lawmakers that there were "structural disadvantages" in the steel industry in Britain which made production...

  • LONDON, April 28- Global mining group Anglo American said on Thursday it had agreed to sell its niobium and phosphates businesses to China Molybdenum for $1.5 billion in cash to reduce its debts. "The proceeds from this transaction... will enable us to continue to reduce our net debt towards our targeted level of less than $10 billion at the end of 2016," Anglo's Chief...

  • EASTERN DESERT, Egypt— Off the off-road tracks deep in Egypt's eastern desert, prospectors are ramping up the hunt for the treasure once revered by the Pharaohs as the "skin of the gods"— gold. Essential for ancient artifacts like the famed burial mask of Tutankhamun and still highly desired in Middle Eastern culture today, gold has been mined in Egypt for millennia.

  • LONDON, April 28- Miner Anglo American said on Thursday it had agreed to sell its niobium and phosphates businesses to China Molybdenum for $1.5 billion in cash to reduce its debt level. The businesses, consisting of mines, plants, processing facilities, chemical complexes and deposits, are located in Brazil. "The proceeds from this transaction... will enable us to...

  • VANCOUVER, British Columbia _ New Gold Inc. on Wednesday reported first-quarter net income of $26.8 million, after reporting a loss in the same period a year earlier. The average estimate of five analysts surveyed by Zacks Investment Research was breakeven on a per-share basis. This story was generated by Automated Insights using data from Zacks Investment...

  • BUENOS AIRES, April 27- Brazilian miner Vale SA is considering a restart of its Rio Colorado potash project in Argentina after a long delay, the company said on Wednesday, the latest sign that international investors are eyeing a return to the country. Vale suspended work on its Rio Colorado project in the western province of Mendoza in 2012, having already...

  • BUENOS AIRES, April 27- Brazilian miner Vale SA is planning to restart its Rio Colorado potash. Vale put its Rio Colorado project in the western province of Mendoza on hold in 2012, having already invested $2.2 billion, as prices for the key crop nutrient crashed and after the former government refused to offer tax concessions to mitigate soaring costs.

  • CHARLESTON, W.Va.— Prosecutors are urging a federal appeals court not to allow former coal company executive Don Blankenship to remain free next month while the court considers his appeal. Attorney Steve Ruby wrote in a filing submitted Monday night to the 4th U.S. Circuit Court of Appeals. Blankenship was sentenced April 6 to a year in prison and ordered to pay a...

  • LONDON, April 27- Prime Minister David Cameron said on Wednesday there was no guarantee that efforts to save the British steel industry would be successful, trying to manage expectations that the government can save thousands of jobs. Cameron has said his government will do all it can to secure a buyer for Tata Steel's businesses in Britain, keen to make sure the...

  • Hess, which produces oil in North Dakota's Bakken Shale and the U.S. Gulf of Mexico, said average realized price for crude fell 36.8 percent to $28.50 per barrel in the quarter. Net loss attributable to Hess widened to $509 million, or $1.72 per share, in the quarter ended March 31, from $389 million, or $1.37 per share, a year earlier.

  • CORRECTED- UK PM CAMERON SAYS THERE IS NO GUARANTEE OF SUCCESS IN SAVING UK STEEL INDUSTRY.

  • *Dalian iron ore, coking coal, coke slump by 6 pct limit. *Dalian bourse raised transaction fees twice this week. MANILA, April 27- Iron ore and steel futures in China fell again on Wednesday as authorities raised trading costs to deter speculative investors believed to be behind last week's big spike in prices and volumes, which had raised fears of a destabilising...

  • *Dalian iron ore, coking coal, coke slump by 6 pct limit. *Dalian bourse raised transaction fees twice this week. MANILA, April 27- Iron ore and steel futures in China sank again on Wednesday as authorities raised trading costs to deter speculative investors believed to be behind last week's big spike in prices and volumes, which has raised fears of a destabilizing...

  • SAN FRANCISCO, April 26- Stanford University's announcement on Monday that it will not rid its $22 billion endowment of oil and gas companies has raised the ire of campus climate activists, who said on Tuesday they will protest the decision. Activists felt they had momentum on their side after Stanford two years ago said it would no longer invest in coal mining...

  • WASHINGTON— United States Steel Corp. has filed a complaint with U.S. regulators against the biggest Chinese steel producers, accusing them of conspiring to fix prices, stealing trade secrets and skirting duties on imports in the U.S. with false labeling. Steel announced Tuesday that it lodged the complaint with the U.S. International Trade Commission.

  • VANCOUVER, British Columbia _ Capstone Mining Corp. on Tuesday reported a loss of $12.8 million in its first quarter. The Vancouver, British Columbia- based company said it had a loss of 3 cents per share. Keywords: Capstone Mining, Earnings Report.

  • NEW YORK, April 26- U.S. Steel Corp has launched a campaign to prevent imports from China's largest steel producers, it said on Tuesday, the boldest step yet by a U.S. company as a trade brawl with the world's largest steel producer escalates. The petition, known as Section 337 and used to protect against intellectual property theft, listed some of China's top...

  • NEW YORK, April 26- U.S. Steel Corp has launched a campaign to prevent imports from China's largest steel producers, it said on Tuesday, the boldest step yet by a U.S. company as a trade dispute with the world's largest industrial metal producer intensifies. In a complaint to the U.S. International Trade Commission, the U.S. steelmaker called on regulators to...

  • PITTSBURGH _ United States Steel Corp. on Tuesday reported a loss of $340 million in its first quarter. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of $1.29 per share. Three analysts surveyed by Zacks expected $2.53 billion.