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  • China to cut on-grid thermal power tariffs -state media Thursday, 26 Mar 2015 | 11:39 PM ET

    BEIJING, March 27- China will cut on-grid wholesale prices of thermal electricity, probably from the second quarter of the year, as coal prices tumble, state media said on Friday. The National Development and Reform Commission is seen cutting benchmark on-grid prices by an average of 0.015 yuan per kilowatt hour, the Xinhua News Agency-run Economic Information...

  • MELBOURNE, March 27- London copper fell on Friday but was set for its third straight weekly climb, buoyed as severe flooding affected mines in key producer Chile and as seasonal demand from top consumer China slowly improved. *Three-month copper on the London Metal Exchange had fallen 0.9 percent to $6,119 a tonne by 0115 GMT. *The most-traded June copper contract...

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, March 27- What's the real thinking behind Andrew Forrest's remarkable call for iron ore miners to cap production in order to boost prices? It's easy to dismiss the comment by the Fortescue Metals Group founder and chairman as "harebrained," as did Sam Walsh, the chief executive of Rio Tinto, the world's...

  • Mining heiress criticizes government regulations Thursday, 26 Mar 2015 | 8:47 PM ET
    Mining heiress criticizes government regulations

    Speaking at the Mines and Money conference in Hong Kong, Gina Rinehart urged governments to reduce red tape on mining projects.

  • HOUSTON, March 26- Motiva Enterprises said on Thursday that operations at its Convent and Norco, Louisiana, refineries will be integrated to take advantage of increased production of lower-cost U.S. shale oil. Gas oil produced by the Convent refinery will go to the expanded hydrocracker and 112,000 bpd catalytic cracking unit at the Norco plant.

  • ULAN BATOR, March 26- Rio Tinto's chief executive will visit its $6.5 billion Oyu Tolgoi copper mine in Mongolia on Sunday, two people familiar with the visit said, amid signs the country's new prime minister is keen to end disputes that have delayed an expansion project. However, some analysts say Prime Minister Chimed Saikhanbileg is keen to reach a deal as...

  • NEW YORK, March 26- A U.S. judge on Thursday refused to dismiss antitrust litigation accusing a variety of Wall Street banks and commodity merchants of conspiring to drive up aluminum prices by reducing supply. District Judge Katherine Forrest in Manhattan said metals purchasers may pursue claims against affiliates of Goldman Sachs Group Inc, JPMorgan Chase&...

  • U.S. aluminum price-fixing lawsuit can go forward-judge Thursday, 26 Mar 2015 | 4:49 PM ET

    NEW YORK, March 26- A U.S. judge on Thursday refused to dismiss antitrust litigation accusing a variety of Wall Street banks and commodity merchants of conspiring to drive up aluminum prices by reducing supply. District Judge Katherine Forrest in Manhattan said aluminum purchasers may pursue claims against several defendants, including affiliates of...

  • LONDON, March 26- Copper hit its highest in nearly three months on Thursday after mines closed in the world's top producer Chile due to flooding and oil rallied on military strikes in Yemen. Torrential downpours in the north of Chile forced companies to suspend operations at some major mines on Wednesday, putting an estimated 1.6 million tonnes of capacity on...

  • ULAN BATOR, March 26- Rio Tinto's chief executive will visit its $6.5 billion Oyu Tolgoi copper mine in Mongolia on Sunday, two people familiar with the visit said, amid signs the country's new prime minister is keen to end disputes that have delayed an expansion project. However, some analysts say Prime Minister Chimed Saikhanbileg is keen to reach a deal as...

  • Markit services PMI flash March at 1345 GMT. LONDON, March 26- Copper hit its highest in nearly three months on Thursday after mines closed in the world's top producer Chile due to flooding, the dollar weakened and oil rallied on military strikes in Yemen. Torrential downpours in the north of Chile have forced companies to suspend operations at some major mines,...

  • By Manolo Serapio Jr SINGAPORE, March 26- Stocks of imported iron ore at ports in China, the world's biggest consumer, have stuck at or below the 100 million tonne mark since the start of the year. Iron ore stockpiles at Chinese mills and domestic mines have similarly declined, Citigroup said. But in the iron ore market, the typical inverse relationship between...

  • Markit services PMI flash March at 1345 GMT. SYDNEY, March 26- London copper struck its highest in nearly three months on Thursday as the dollar dropped, while a raft of weather-related mine closures in top producer Chile also underpinned prices. Torrential downpours in the north of Chile have forced companies to suspend operations at some major mines, putting...

  • *Rio CEO says no benefit to Australia in Fortescue plan. MELBOURNE, March 26- The head of the world's second-largest iron ore miner dismissed as "harebrained" a suggestion by smaller rival Fortescue Metals Group that miners should cap output of the steelmaking raw material to boost prices. Rio Tinto Chief Executive Sam Walsh said on Thursday there would be no...

  • *Rio CEO says no benefit to Australia in Fortescue plan. MELBOURNE, March 26- The head of the world's second-largest iron ore miner dismissed suggestions from smaller rival Fortescue Metals Group that miners should cap output of the steelmaking raw material to boost prices. Rio Tinto Chief Executive Sam Walsh said there would be no benefit to Australia from...

  • MELBOURNE, March 26- Rio Tinto Chief Executive Sam Walsh said putting a cap on iron ore production was not in Australia's national interest, dismissing a suggestion it could help lift the traded price of the steelmaking commodity.

  • JX shuts Caserones copper ops in Chile due to bad weather Wednesday, 25 Mar 2015 | 10:22 PM ET

    TOKYO, March 26- Japan's JX Nippon Mining& Metals, a subsidiary of JX Holdings Inc, said on Thursday its Caserones copper mine in northern Chile had been shut due to bad weather. Caserones is 77.37 percent- owned by Japan's top copper smelter, Pan Pacific Copper, a business controlled by JX Nippon Mining& Metals. Torrential downpours in the north of Chile, the world's...

  • SYDNEY, March 26- London copper was steady on Thursday after a raft of weather-related mine closures in top producer Chile underpinned prices, but clouds over China's growth prospects curbed upside momentum. Prices hit the highest since Jan. 5 at $6,203.50 a tonne on Tuesday on prospects the United States might delay a hotly anticipated rate hike until later...

  • March 26- Polish miner KHGM has shut its Sierra Gorda copper operations in northern Chile due to heavy rain and fog, but hopes to restart them soon, a company spokeswoman said.

  • SANTIAGO, March 25- Torrential downpours in the north of Chile, the world's biggest copper producer, have forced companies to suspend operations at several of the area's major mines, putting an estimated 1.5 million tonnes of capacity of the red metal on hold. World No. 1 copper miner Codelco suspended mining operations at its Chuquicamata, Ministro Hales,...