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  • *Poland asks creditors to convert debt to equity. WARSAW/ BRUSSELS, April 15- For generations, the region of Silesia has been at the heart of Poland's love affair with coal as a source of pride and heroism. Election to Poland's top job has depended on maintaining coal's special national status and Prime Minister Beata Szydlo, a coal miner's daughter from Silesia,...

  • SandRidge was told in April last year by the U.S. Department of Justice that it was a target of an Oklahoma grand jury. The U.S. Department of Justice notified the company of the end of the probe on Thursday, the company said in a regulatory filing. Among the companies subject to a 2012 DOJ probe for potential antitrust violations related to oil and gas land leasing...

  • JAKARTA, April 15- Indonesian state miners may team up with a consortium including prominent businessman Arifin Panigoro to buy a controlling stake in Newmont Mining Corp's local operations, an official at the state enterprises ministry said on Friday. Panigoro's group offered to buy a controlling stake in PT Newmont Nusa Tenggara, which runs Indonesia's...

  • The rand is vulnerable to depreciation: Economist

    David Faulkner, Central & Eastern Europe & Sub-Saharan Africa economist for HSBC, says the fundamentals are poor for the South African currency.

  • SINGAPORE, April 15-- China's move to scrap export subsidies on a range of products, most notably steel, means very little and is quite significant. As China started exporting some of its massive steel surplus, the global response has been for governments to impose, or threaten, increasing anti-dumping tariffs. China ended a program which provided export...

  • Metals

    Bron Sucheki, vice president of Monetary Metals, sees gold fairly-priced while he believes silver is overvalued by more than a dollar.

  • SHANGHAI, April 15- China's crude steel output hit a record high of 70.65 million tonnes in March, data showed on Friday, as a rally in steel prices and a seasonal pick-up in demand encouraged steel mills in the world's top producer to boost production. Some steel mills are making a profit of as much as 500- 600 yuan a tonne, but a slowing economy, credit shortages and...

  • BEIJING, April 15- China produced 294 million tonnes of coal in March, down 4.5 percent from a year ago amid state-led efforts to restrict production and tackle a supply glut. Prices at the port of Qinhuangdao in Hebei province have gained 5.4 percent so far in 2016, suggesting that China's efforts to curb supplies are having an impact, although the values are...

  • SHANGHAI, April 15- China produced 70.65 million tonnes of crude steel in March, up 2.9 percent from a year ago, government data showed on Friday, as a rally in steel prices and a seasonal pick-up in demand encouraged steel mills to boost production.

  • Rio Tinto

    Rio Tinto is well-placed to take advantage of improving commodity prices, says Paradigm Securities' resources head, Barry Dawes.

  • CALGARY, Alberta, April 14- The Canadian crude-producing province of Alberta said on Thursday it will post a C $10.4 billion budget deficit this fiscal year and warned that a surplus might not return until 2024 as the oil price slump batters its economy. Alberta, home to Canada's oil sands and the No. 1 exporter of crude to the United States, has been hammered by a...

  • CALGARY, Alberta, April 14- The Canadian crude-producing province of Alberta said on Thursday it will post a C $10.4 billion budget deficit this fiscal year and warned that a surplus might not return until 2024 as the oil price slump batters its economy. Alberta, home to Canada's oil sands and the No. 1 exporter of crude to the United States, has been hammered by a...

  • TORONTO, April 14- Canada's main stock index fell slightly on Thursday as lower commodity prices weighed on energy and mining stocks, while financial sector stocks rose. Barrick Gold Corp fell 3.7 percent to C $19.81, while Goldcorp Inc was also down 3.7 percent at C $21.31. Fertilizer producers also dragged, including a 5.3 percent drop in Agrium Inc to C $107.02...

  • WASHINGTON, April 14- China has agreed to scrap export subsidies on a range of products from metals to agriculture and textiles, the U.S. China agreed to end a program known as its "demonstration bases-common service platform," which provides export subsidies to Chinese companies in seven economic sectors, the trade representative's office said.

  • JAKARTA, April 14- The Indonesian state enterprises ministry may set up a state-owned mining holding company that could buy foreign-owned shares in mining firms, the senior executive of a state miner said on Thursday. PT Aneka Tambang Tbk and PT Inalum may join other state miners to form a holding company, Antam President Director Tedy Badrujaman told...

  • LONDON, April 14- Zinc and copper dipped on Thursday after strong gains during the two previous sessions as some investors locked in profits ahead of key Chinese economic data. The London Metal Exchange index of six industrial metals rallied nearly 4 percent over the past two days, bolstered by higher oil prices hopes of tightening supply and signs of stronger...

  • April 13- Leading global coal producer Peabody Energy Corp filed for U.S. bankruptcy protection on Wednesday after a sharp drop in coal prices left it unable to service debt of $10.1 billion, much of it incurred for an expansion into Australia. The Chapter 11 bankruptcy filing from Peabody, the world's biggest private-sector coal producer, ranks among the...

  • Falling demand has plunged the global steel market into crisis, with excess capacity taking a heavy toll on producers, including those in China- leading to plant closures and job losses. China, which produces about half the world's steel, is under increasing international pressure to tackle a local supply glut that has flooded foreign markets with cheap...

  • LONDON, April 13- Global steel demand will fall again this year as leading market China continues to slow, before eventually stabilizing in 2017, the World Steel Association forecast on Wednesday. Falling demand has plunged the global steel market into crisis, with excess capacity taking a heavy toll on producers- including China- leading to plant closures and...

  • FRANKFURT, April 13- India's Tata Steel and Germany's Thyssenkrupp are in talks about a joint venture among the options being considered for their European steel operations, Germany's Rheinische Post said on Wednesday. Expectations of long-awaited consolidation in Europe's battered steel industry rose after Tata Steel said two weeks ago that it plans to...