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  • JAKARTA, Feb 24- Indonesia's plan to roughly double coal royalties next month is expected to hurt most for smaller and newer firms producing low-quality coal, government and industry officials say, with many struggling as prices have halved since 2011.. "The main impact will be felt by companies low calorie," Coal and Minerals Director General Sukhyar, who goes by...

  • *H1 profit falls to $5.35 bln, above $5.1 bln consensus. MELBOURNE, Feb 24- Global miner BHP Billiton posted a 31 percent drop in half-year profit as prices for all its main products collapsed, but beat market forecasts and flagged further belt tightening to withstand the tough conditions. Amid tough conditions "they're doing better than the market's expecting, so...

  • Atlas Iron: Seeing success in cost cuts Tuesday, 24 Feb 2015 | 12:32 AM ET
    Atlas Iron: Seeing success in cost cuts

    Brinsden Ken, managing director of Atlas Iron, says its cost-cutting program has generated "substantial success" and the Australian miner will do more to lower its operating costs.

  • Why BHP's stock is up despite profit drop Monday, 23 Feb 2015 | 10:23 PM ET
    Why BHP's stock is up despite profit drop

    Gaurav Sodhi, resources analyst at Intelligent Investor, says the rise in BHP Billiton's free cash flow is "extraordinary" and is set to continue amid cost cuts and higher productivity.

  • MELBOURNE, Feb 24- London copper edged lower on Tuesday as traders turned defensive ahead of a speech by Federal Reserve Chair Janet Yellen later in the session, with volumes expected to improve as China returns from a week-long break on Wednesday. *Volumes are expected to pick up when China reopens on Wednesday, although traders in Asia don't expect huge...

  • BHP Billiton half-year profit slides by a third Monday, 23 Feb 2015 | 8:13 PM ET
    Trucks at an iron ore mine

    BHP Billiton posted a 31 percent drop in half-year profit as prices for all its main products collapsed, but beat market forecasts.

  • Despite 31% fall, BHP results still positive: Pro Monday, 23 Feb 2015 | 7:33 PM ET
    Despite 31% fall, BHP results still positive: Pro

    Tim Schroeders, portfolio manager at Pengana Capital, explains why he is reading the 31 percent slump in BHP Billiton's half-year profit positively.

  • *H1 profit falls to $5.35 bln, above $5.1 bln consensus. MELBOURNE, Feb 24- Global miner BHP Billiton posted a 31 percent drop in half-year profit as prices for all its main products collapsed, but beat market forecasts and flagged further belt tightening to withstand the tough conditions. "Quality operations are making a fist of the tough environment, and they're...

  • In 2015, headwinds abound for BHP Billiton Monday, 23 Feb 2015 | 5:08 PM ET
    In 2015, headwinds abound for BHP Billiton

    Sean Fenton, director & portfolio manager at Tribeca Investment Partners, discusses the outlook for the global miner following the announcement of half-year profit results.

  • Two metals and mining giants in $3.1B merger Monday, 23 Feb 2015 | 7:35 AM ET
    Technicians install solar panels on a house in Mission Viejo, Calif.

    Metals and mining companies Grupo FerroAtlantica and Globe Specialty Metals have entered an agreement to combine their businesses.

  • The world's biggest miner is expected to report a 34 percent slide in half-year underlying attributable profit to $5.1 billion, but within that, Deutsche Bank sees earnings from aluminium nearly tripling while manganese earnings are seen improving by around 45 percent. "These divisions will get a bit more attention than usual given their importance in...

  • HOUSTON, Feb 23- Shale oil producers are throttling back so quickly on drilling that U.S. crude output could fall sooner than expected, within months, executives say as they slash costs to cope with tumbling crude prices and compete with Persian Gulf rivals. For one, companies are cutting costs deeper and faster than before as Wall Street investors increasingly...

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, Feb 23- Iron ore should go back to the future and reinstate annual contract pricing, according a former executive of top miner Rio Tinto. This changed, largely at the behest of former BHP Billiton chief executive Marius Kloppers, who wanted to take advantage of a shortage of supply to generate higher...

  • *Fire started 2.3 km underground at 0800 GMT. JOHANNESBURG, Feb 22- South Africa's Harmony Gold said on Sunday all 486 miners who were trapped underground following a fire had been rescued. South Africa's gold mines are the deepest in the world and were ranked as some of the most dangerous during the apartheid era.

  • S.AFRICA' S HARMONY GOLD SAYS 18 MINERS STILL MISSING AFTER UNDERGROUND FIRE AT ITS KUSASALETHU MINE, 468 RESCUED.

  • JOHANNESBURG, Feb 22- South Africa's Harmony Gold said on Sunday it had rescued 389 miners at its Kusasalethu mine and that the underground fire there had been contained. Spokeswoman Charmane Russell said "there were no casualties or injuries reported at this stage". Harmony earlier said 487 employees were underground when the blaze began.

  • S.AFRICA' S HARMONY GOLD SAYS 280 EMPLOYEES BROUGHT SAFELY TO SURFACE AFTER UNDERGROUND FIRE AT ITS MINE.

  • *Mine belongs to Harmony Gold. JOHANNESBURG, Feb 22- About 200 miners were missing on Sunday after an underground fire at a mine belonging to South Africa's Harmony Gold, the company said. South Africa's gold mines are the deepest in the world and were ranked as some of the most dangerous during the apartheid era.

  • *China markets reopen on Feb. 25. LONDON, Feb 20- Copper prices fell on Friday, pressured by a drop in the euro against the dollar, with trading volumes constricted by the absence of consumers in China where the market is closed for the Lunar New Year holiday. Markets in China, which consumes roughly 40 percent of global refined copper, will reopen on Feb. 25.

  • *Gold's price premium over platinum tops $50/ oz. *Platinum, gold spread at highest in nearly 2 years. LONDON, Feb 20- Platinum's discount to gold hit its highest level on Friday since the gold price crash of April 2013, as concerns over the euro zone outlook lifted demand for the yellow metal as a haven, while dampening sentiment towards platinum.