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  • JAKARTA, March 20- A blockade by workers at Freeport-McMoRan Inc's Indonesian mine extended into a fifth day on Friday, a union official said, with output still halted but maintenance workers allowed into the Grasberg site by protestors. A lengthy disruption to supplies from one of the world's biggest copper mines could support benchmark metal prices that...

  • SINGAPORE, March 20- Copper steadied on Friday after rallying 3 percent the session before, with production stopped at one of the world's biggest copper mines as workers blocked access. *Three-month copper on the London Metal Exchange was little changed at $5,855 a tonne at 0119 GMT. *Production has been halted at Freeport-McMoRan Inc's copper mine in Indonesia...

  • March 19- Canada's Bank of Nova Scotia sued Cliffs Natural Resources Inc, saying the U.S. iron ore miner had breached terms of a loan agreement when it filed for creditor protection for its Canadian operations. Cliffs in January stopped production at its Bloom Lake mine in Quebec, where costs exceeded expectations, and started restructuring the Canadian...

  • March 19- Nucor Corp, the No.1 U.S. steelmaker, cut its profit forecast for the first quarter, saying higher imports were hurting steel prices. Nucor expects imports to slow down in the second quarter, but remain at "excessively high levels", the company said on Thursday. Nucor estimated earnings of 10- 15 cents per share for the first quarter ending April 4.

  • March 19- Iron ore miner Cliffs Natural Resources Inc has been sued by Canada's Bank of Nova Scotia for about $52.6 million for breaching some debt terms related to its Bloom Lake mine in Quebec. Cliffs' application for creditor protection in Canada "constituted a default" under the loan agreement, accelerating the company's payment obligations, Scotiabank...

  • U.S. steelmaker Nucor cuts profit forecast Thursday, 19 Mar 2015 | 9:23 AM ET

    March 19- U.S. steelmaker Nucor Corp cut its first-quarter profit forecast, hurt by a fall in steel prices due to higher imports. Nucor estimated on Thursday earnings of 10- 15 cents per share for the quarter ending April 4. The company had earlier said it expected profit to be above 35 cents per share earned a year earlier.

  • March 19- Iron ore miner Cliffs Natural Resources Inc said it has been sued by Canada's Bank of Nova Scotia for about $52.6 million for breaching some debt terms related to its Bloom Lake mine in Quebec. The biggest U.S. iron ore miner said in January it was seeking creditor protection for its Canadian operations. Cliffs Natural said in November it would cease...

  • Battered Africa gold valuations to spur mines sales Thursday, 19 Mar 2015 | 8:07 AM ET

    JOHANNESBURG/ LONDON, March 19- Some of the lowest valuations in decades and rising pressure on Africa's gold producers to restructure or perish are likely to spur a wave of acquisitions in a sector attracting a growing number of potential buyers. Gold producers are now being forced to shape up to stay afloat and their focus has switched to cutting costs and...

  • *Japanese aluminum premiums set at $380/ T, down 11 pct. LONDON, March 19- Copper rebounded on Thursday, recovering from a one-month low in the previous session, on hopes that a U.S. rate hike would be delayed and after output was halted at one of the world's biggest copper mines. "There's broad-based support across commodities from the Fed guidance, but we don't think...

  • Iron ore gloom chills Fortescue bond sale Thursday, 19 Mar 2015 | 4:37 AM ET

    NEW YORK/ MELBOURNE, March 19- A treacherous snowstorm snarled flights the day Fortescue Metals Group's CFO touched down in New York on a mission to tap the loan market for $2.5 billion to help the world's no.4 iron ore miner ride out collapsing iron ore prices. The timing was terrible- as Stephen Pearce battled through the frigid Manhattan weather, another squall...

  • RIO DE JANEIRO, March 18- Brazil's securities regulator fined former billionaire Eike Batista 1.4 million reais for failing to promptly let investors know about a takeover and the delisting of parts of his once-giant EBX energy, mining, port and shipbuilding group. The regulator fined Batista 300,000 reais because responses to media reports about a takeover...

  • RIO DE JANEIRO, March 18- Brazil's securities regulator CVM said on Wednesday that former billionaire Eike Batista failed to provide investors with timely information about a takeover and on the delisting of companies as his EBX energy, mining, port and shipbuilding empire tottered and then collapsed. The regulator fined Batista 300,000 reais because...

  • *Prices for new homes in China fell at record pace in Feb. LONDON, March 18- Copper took its biggest fall since late January on Wednesday, weighed down by economic weakness in top consumer China and expectations the Federal Reserve will prepare the ground for an increase in U.S. interest rates. In China there was more evidence of economic weakness after prices for...

  • HOUSTON/ WILLISTON, N.D., March 18- With the prospect of another plunge in crude prices looming after two months of stability, U.S. shale oil producers may face another round of spending cuts to conserve cash and survive the downturn. "If I were an oil company today, I would talk about one thing: how far can you cut costs," said Fadel Gheit, an oil analyst at Oppenheimer in New...

  • *Prices for new homes in China fell at record pace in Feb. LONDON, March 18- Copper hit a three-week low on Wednesday on poor prospects in top consumer China and ahead of a Federal Reserve meeting expected to lay the groundwork for an increase to U.S. interest rates. In China there was more evidence of economic weakness after prices for new homes fell at the fastest...

  • *Premiums offered at about $300/ T for big buyers- trade. HONG KONG, March 18- Chinese buyers of primary aluminum are reluctant to book imports for the second quarter as they hold limited cash and as falling premiums prompt them to postpone purchases, traders and industry sources said. While China is the world's top producer of aluminum, some end users buy the metal...

  • SYDNEY/ NEW YORK, March 18- Australia's Fortescue Metals Group Ltd, the world's fourth-largest iron ore miner, pulled a $2.5 billion high-yield bond issue after investors rattled by tumbling ore prices balked at the offer, sending its shares to six-year lows. The scrapped refinancing deal is the latest sign of anxiety about massive oversupply in the iron ore...

  • 'Catastrophic bad timing' for Rinehart: Pro Tuesday, 17 Mar 2015 | 11:45 PM ET
    'Catastrophic bad timing' for Rinehart: Pro

    Joe Magyer, senior analyst at the Motley Fool, discusses news that billionaire mining heiress Gina Rinehart will start developing the $10 billion Roy Hill mine in Pilbara.

  • LAUNCESTON, Australia, March 18- Should there be a debate about the efficiency and transparency of Asian's main thermal coal price indicator, the Newcastle index? The Newcastle weekly index, which underpins physical and paper trading, has jumped around this year, gaining almost 21 percent between a six-year low on Jan. 9 and a 2015 peak of $73.70 a tonne on Feb. 27.

  • SYDNEY/ NEW YORK, March 18- Fortescue Metals Group Ltd, the world's fourth-largest iron ore miner, has pulled a $2.5 billion high-yield bond issue after a weak response from investors worried about tumbling iron ore prices. Fortescue, which had net debt of $7.5 billion at Dec. 31, had been looking to push out any debt repayments by up to four years to 2021 and cut its...