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Materials and Metals Metals and Mining

  • MELBOURNE, March 21- London copper prices dropped on Tuesday to their lowest in a week after unions and miner BHP Billiton said they would hold further talks that could lead to the restart of production at the world's biggest copper mine. *SHFE: Shanghai Futures Exchange copper was down 1.6 percent at 47,290 yuan a tonne. *NICKEL: The global market for refined nickel...

  • Haul trucks and other heavy machinery stand at Freeport McMoRan's Grasberg copper and gold mining complex in Papua province, Indonesia, on Wednesday, April 22, 2015.

    Freeport McMoRan's Indonesian unit has resumed production of copper concentrate at its giant Grasberg mine.

  • MELBOURNE, March 21- London copper prices dropped on Tuesday on hopes unions and miner BHP Billiton would hold further talks that could lead to the restart of output at the world's biggest copper mine. *NICKEL: The global market for refined nickel started the year with a 1,100- tonne deficit in the month of January due to robust demand growth from Asia and the...

  • NEW YORK, March 20- Electricity company Dayton Power& Light said on Monday it would shut down two coal-fired power plants in southern Ohio next year for economic reasons, a setback for the ailing coal industry but a victory for environmental activists. The closure follows negotiations between Dayton Power& Light, the Public Utilities Commission of Ohio and...

  • Wells Fargo& Co., down $1.04 to $57.63. Dominion Diamond Corp., up $2.28 to $12.20. Washington Cos. offered to buy the diamond mining company for $13.50 a share, or about $1.1 billion.

  • NEW YORK, March 20- Electricity company Dayton Power& Light said on Monday it would shut down two coal-fired power plants in southern Ohio next year for economic reasons, a setback for the ailing coal industry but a victory for environmental activists. The closure follows negotiations between Dayton Power& Light, the Public Utilities Commission of Ohio and...

  • TORONTO, March 20- Canada's benchmark stock index edged higher on Monday, helped by gold miners as bullion rose and a surge in acquisition target Dominion Diamond Corp, with gains muted by financial stock declines and energy companies weighed by lower oil prices. Dominion shares jumped 22.6 percent to C $16.19 after Washington Companies said on Sunday it had...

  • SEOUL, South Korea— Six people died when the roof of a mine in North Korea collapsed in January, the North's state media reported Monday, in a rare admission of a deadly accident in the secretive country. Seven miners were initially trapped after the collapse Jan. 9 at the Unryul mine, a leading iron ore producer in the country's southwest, North Korea's main...

  • While mining will make a bigger overall contribution to the economy once the services it consumes and the employment it provides are factored in, it's likely true that the Philippines can live without a mining sector. But can nickel markets live without the Philippines, particularly China, the destination of the bulk of the Philippines' exports of unrefined...

  • MELBOURNE, March 20- London copper slipped on Monday on jitters that Beijing would set down tougher measures to cool its housing sector, although trade was thin as markets digested the results of a meeting of G20 financial leaders. *SHANGHAI COPPER: Shanghai Futures Exchange copper was barely changed at 47,920 yuan a tonne. *SHANGHAI STOCKS: ShFE zinc stocks...

  • While mining will make a bigger overall contribution to the economy once the services it consumes and the employment it provides are factored in, it's likely true that the Philippines can live without a mining sector. But can nickel markets live without the Philippines, particularly China, the destination of the bulk of the Philippines' exports of unrefined...

  • Mining is technically legal in Maine, and officials approved a law in 2012 calling for an overhaul of mining rules. But J.D. Irving and other companies claim it's impossible to mine in Maine because lawmakers have twice failed to approve rules proposed by the state Department of Environmental Protection. Opponents referenced the 2014 environmental disaster...

  • Miners of the Escondida copper mine, on strike, block a road outside of Escondida, some 145 km northeast of Antofagasta, Chile, on March 8, 2017.

    The union called the fresh offer from management to end the strike "manipulative."

  • 'Absolutely' no concerns about China: Rio Tinto CEO

    Jean-Sebastien Jacques, CEO of Rio Tinto, says he isn't worried about the Chinese economy in 2017 even amidst ongoing restructuring.

  • St. Louis- based Peabody, the world's largest private-sector coal producer, owns mines in Australia and the United States and supplies the global market with the metallurgical coal used in steelmaking and the thermal coal used to generate electricity. In the environmental settlement, the Department of Justice was negotiating on behalf of the Environmental...

  • BEIJING, March 18- China should not be singled out in a fight against excess steel capacity that requires stronger global cooperation, Wang Shouwen, a vice commerce minister, said on Saturday. "When we are talking about overcapacity in the steel sector, China should not be singled out. President Donald Trump's choice for top U.S. trade negotiator on Tuesday pledged...

  • LONDON, March 17- Copper rose on Friday and posted its biggest weekly gain since mid-February in response to a weak U.S. dollar and ongoing mine supply concerns, while tin clocked its largest weekly gain in a year. Striking workers at Chile's Escondida, the world's biggest copper mine, are blocking attempts by owner BHP Billiton to renew operations at a major port...

  • Most oil from shale formations in the United States as well as from the North Sea and West Africa is relatively low density and contains only a small percentage of sulfur. Crude from Saudi Arabia and other countries around the Middle East Gulf, on the other hand, is mostly denser and contains much more sulfur. By restricting their production, Saudi Arabia and other...

  • LONDON, March 17- Copper was steady on Friday, on course for its biggest weekly gain since mid-February in response to a weak U.S. dollar and ongoing mine supply concerns, while tin was set for its largest weekly gain in a year. Three-month copper on the London Metal Exchange traded flat in official midday rings at $5,910 a tonne, on course for a gain of around 3 percent...

  • DUESSELDORF, Germany, March 17- Around 72,000 German steel workers will get a 2.3 percent pay hike from April, and another 1.7 percent from next May in a deal struck overnight, one of several sectors in Europe's largest economy to give workers a solid wage rise this year. The deal, which runs until the end of 2018, was reached for steelworkers in northwestern Germany...