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  • *Says units cost now under $20/ t. "It is probably more a symbolic posturing position by BHP, but it also likely signals the bottom of the iron ore market, given this action is being taken by one of the lowest cost producers," said Mark Pervan, head of commodities for ANZ Bank. Spot iron ore prices have fallen 60 percent over the past year following a massive rise in...

  • *Says units cost now under $20/ t. "It is probably more a symbolic posturing position by BHP, but it also likely signals the bottom of the iron ore market, given this action is being taken by one of the lowest cost producers," said Mark Pervan, head of commodities for ANZ Bank. "Demand is the savior," said Joel Crane, a commodities analyst at Morgan Stanley.

  • MELBOURNE, April 22- London copper was little changed near four-week lows on Wednesday as persistently weak consumer demand from China offset concerns over lower-than-expected mine supply. *Three-month copper on the London Metal Exchange was trading flat at $5,943 a tonne by 1206 GMT, curbing losses from the previous session when it edged to a four-day...

  • *Says units cost now under $20/ t. SYDNEY, April 22- BHP Billiton said on Wednesday it was pushing out the timetable to expand its iron ore output to 290 million tonnes a year, as it reported a 20 percent rise in quarterly output and upped its full-year guidance. Spot iron ore prices have fallen 60 percent over the past year following a massive rise in production, which...

  • Time to stock up on big miners? Not now: Pro Tuesday, 21 Apr 2015 | 6:50 PM ET
    Time to stock up on big miners? Not now: Pro

    Shares of BHP Billiton and Rio Tinto will continue to track sideways for the rest of 2015, says Michael Gable, managing director at Fairmont Equities.

  • *Banks to lend $100 bln for "technological renovation" in Hebei. BEIJING, April 22- Days before Beijing cut bank reserve requirements to boost lending to China's slowing economy, officials in Hebei province met with dozens of banks and steel mills to find financing to revive local industry and tackle chronic environmental problems. "Hebei is enjoying favorable...

  • April 21- Chinese demand for steel-making coal has weakened with imports for the first two months of 2015 well below last year's levels, the chief executive of Canadian miner Teck Resources Ltd said on Tuesday as the company announced lower earnings and a big dividend cut. Teck shares were down 5 percent at C $16.05 after it slashed its half-yearly dividend to 15...

  • *China demand weaker than expected so far in 2015- Antaike. *Tin up nearly 6 percent as PT Timah cuts output. LONDON, April 21- Copper prices softened on Tuesday as worries about weak demand from top consumer China soured sentiment, while tin rallied on news that a major Indonesian producer had cut output.

  • April 21- U.S. miner Arch Coal Inc reported a bigger-than-expected quarterly loss and cut its full-year production forecast for both power-generating and steel-making coal. The company, which mines coal in various regions in the United States such as Powder River Basin, Appalachia, Colorado and Illinois, said average sales price fell to $19.18 per ton in the...

  • *India celebrates gold-buying festival of Akshaya Tritiya. LONDON, April 21- Gold steadied below $1,200 an ounce on Tuesday after its biggest one-day drop in a week, remaining under pressure as the dollar rose and a rally in global equities diverted interest from the precious metal. "Gold was being weighed down yesterday by the firmer dollar and the rising equity...

  • *Tin up nearly 5 percent as PT Timah cuts output. LONDON, April 21- Copper steadied on Tuesday as investors weighing the positive impact of a cut in China's bank reserve requirements against disappointing Chinese copper demand in what should be a seasonally strong quarter. China's copper demand has been weaker than expected so far in 2015, but will pick up in the...

  • Russia's Alrosa says Q1 output up 6 pct year-on-year Tuesday, 21 Apr 2015 | 2:09 AM ET

    MOSCOW, April 21- Russian diamond mining company Alrosa said on Tuesday its first-quarter output rose 6 percent year-on-year to 8.4 million carats and revenue from rough diamond sales was set to reach at least $1.1 billion. Alrosa, the world's top producer by output in carats, also reported that its first-quarter rough diamond prices fell by 3 percent.

  • This expert gives Rio Tinto a thumbs down Monday, 20 Apr 2015 | 11:25 PM ET
    This expert gives Rio Tinto a thumbs down

    Kunal Sawhney, chief executive at Kalkine, explains why the global miner's first-quarter production report "doesn't look very good" compared to a year ago.

  • SYDNEY/ MELBOURNE, April 21- Rio Tinto on Tuesday missed first quarter analyst forecasts for iron ore shipments due to bad weather and transport delays, but maintained its full year production target in a bearish sign for prices already at 10- year lows. Iron ore shipments rose 9 percent to 72.5 million tonnes, still less than it mined, following a cyclone and a...

  • Rio Tinto had a strong start to 2015: Expert Monday, 20 Apr 2015 | 7:32 PM ET
    Rio Tinto had a strong start to 2015: Expert

    Mike Harrowell, director of Resources Research at BBY, says the 12 percent rise in first-quarter iron ore production was a "good number" that will help Rio Tinto meet its 2015 guidance easily.

  • SYDNEY, April 21- Rio Tinto on Tuesday posted a sharp rise in quarterly iron ore output amid a push to capture more of the global market despite a mounting supply glut driving ore prices to 10- year lows. The price of iron ore has crashed from highs of $130 a tonne at the start of last year to around $50 a tonne this week. Rio Tinto's average cash cost of iron ore...

  • Why Evolution Mining bought La Mancha's assets Monday, 20 Apr 2015 | 6:33 PM ET
    Why Evolution Mining bought La Mancha's assets

    Jake Klein, executive chairman at Evolution Mining, says the acquisition of La Mancha's Australian gold assets was a "fair-value investment" that offered a "tremendous opportunity."

  • April 20- A trust controlled by British financier Nat Rothschild and the parent of Russia's Siberian Coal Energy Co are considering making a cash offer for coal miner Asia Resource Minerals Plc, which has most of its operations in Indonesia. The potential offer from NR Holdings and SUEK Plc comes less than a week after ARMS received notice of a possible 210...

  • SANTIAGO, April 20- When Antofagasta Chief Executive Diego Hernandez took the stage at the world's biggest copper conference last week, he talked about the growing risks mining companies face from rising worker salaries in South America due to staff shortages and strong unions. Last year, Antofagasta agreed to four-year contracts, including pay increases...

  • FACTBOX-Potential labor flashpoints for copper in 2015 Monday, 20 Apr 2015 | 12:00 AM ET

    April 20- Contracts at major copper mines, including Antamina in Peru and Grasberg in Indonesia, expire this year in the biggest round of contract negotiations since 2011.. The mine is controlled by BHP Billiton and Glencore Plc which have 33.75 percent stakes. Teck Resources has a 22.5 percent interest, and Mitsubishi Corp has 10 percent.