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  • More restructuring to come: Acacia Mining Monday, 16 Feb 2015 | 2:30 AM ET
    More restructuring to come: Acacia Mining

    Brad Gordon, CEO of Acacia Mining, says there is more work to do to restructure the company.

  • JAKARTA, Feb 14- Indonesia's top tin miner PT Timah has suspended all new sales until benchmark prices of the solder material rise above at least $20,000 per tonne, an official at the state-owned firm said on Saturday. While PT Timah will not take part in any export moratorium, the miner had suspended all sales until prices recover, with the aim of achieving prices...

  • SANTIAGO, Feb 13- Chile's massive Collahuasi copper mine reactivated its main grinding mill on Friday after halting it earlier this week for minor maintenance work, the company told Reuters. Collahuasi, one of the world's largest copper mines, is a partnership between Glencore Plc and Anglo American Plc. Collahuasi produced 470,400 tonnes of copper last year,...

  • *Dividend unchanged at 85 cents per share. LONDON, Feb 13- Global miner Anglo American took a $3.9 billion writedown after commodity prices tumbled and it warned on Friday of more headwinds, but a steady dividend reassured investors. The company, however, left unchanged its dividend at 85 cents a share after cutting $500 million in overhead costs.

  • The company, which makes about 6 percent of the world's steel and is one of the world's largest iron ore producers, cut its estimate for global steel consumption because of a slowdown in China and heavy declines in Brazil and former Soviet states. The two regions account for about two thirds of ArcelorMittal's steel shipments. Chief Executive Lakshmi Mittal...

  • LONDON, Feb 13- Global miner Anglo American took a $3.9 billion writedown on Friday after commodity prices tumbled, mainly on its Brazilian iron ore operations, and warned of more headwinds. Anglo warned last month of a likely charge on last year's results and analysts had penciled in about $2- 3 billion. The bulk of the impairment, $3.5 billion, was on its Minas Rio...

  • LONDON, Feb 13- Global miner Anglo American took a $3.9 billion writedown on Friday, mainly on its Brazilian iron ore operations, due to weak commodity prices. The company also posted a 25 percent drop in underlying operating profit for last year to $4.9 billion, in line with expectations. Anglo warned last month of a likely charge on last year's results and...

  • A 'wonderful turnaround' for Rio Tinto: Pro Thursday, 12 Feb 2015 | 10:22 PM ET
    A 'wonderful turnaround' for Rio Tinto: Pro

    Tim Schroeders, portfolio manager at Pengana Capital, explains his optimistic view on Rio Tinto following the release of the miner's full year profit results.

  • Markets liking Rio Tinto's results: Expert Thursday, 12 Feb 2015 | 7:35 PM ET
    Markets liking Rio Tinto's results: Expert

    The rally in Rio Tinto's stock on Friday suggests that markets are liking the miner's full year profit, which rose 78 percent due to drastic cost cuts, says Jonathan Barratt, CIO of Ayers Alliance Securities.

  • TORONTO, Feb 12- Teck Resources Ltd said on Thursday it might have to reduce its dividend in July if industry-wide cuts in the production of steelmaking coal fail to lift prices from current historically low levels. To bring the market back into balance, an additional 12 million tonne reduction in supply is needed above the 30 million tonnes announced since...

  • TORONTO, Feb 12- Shares in Teck Resources Ltd rose on Thursday after the diversified Canadian miner posted quarterly revenue and gross-profit figures that beat analysts' expectations, with currency gains and lower oil costs offsetting the blow from falling commodity prices. Shares in the Vancouver- based miner rose 3.6 percent to C $18.25 in Toronto.

  • LONDON, Feb 12- Global miner Rio Tinto is not interested in a proposal by Mongolia to cut its equity stake in key mines such as Rio's Oyu Tolgoi in exchange for more royalties, Chief Executive Sam Walsh said on Thursday. Mongolia hopes the plan will help to revive stalled foreign investment in large mining projects, but Walsh said Rio was not interested in buying a...

  • Rio Tinto CEO: Time to build, not buy Thursday, 12 Feb 2015 | 9:16 AM ET
    A mine worker looks at a train loader at Rio Tinto Group's West Angelas iron ore mine in Pilbara, Australia.

    "Yes we look at build versus buy, ... but right now is not the time to go out and buying distressed assets," Rio Tinto CEO Sam Walsh tells CNBC.

  • Feb 12- Canadian miner Sherritt International Corp reported a much wider-than-expected quarterly loss as nickel prices fell due to a supply glut and weak demand from China. Sherritt, however, is betting on a rebound in the nickel market later this year as a sustained period of excess supply ends due, in part, to Indonesia's continuing ore export ban.

  • Alpha Natural and rivals such as Peabody Energy Corp and Arch Coal Inc are reining in expenses to make up for coal prices that have remained low for at least two years. Peabody Energy slashed its quarterly dividend last month and Arch Coal suspended its dividend this month. Adjusted cost of sales for Alpha Natural's eastern mines, spanning the Appalachian...

  • Rio Tinto CEO: We surprised the market Thursday, 12 Feb 2015 | 8:23 AM ET
    Rio Tinto CEO: We surprised the market

    We're very focused on profit, says Sam Walsh, Rio Tinto CEO, weighing in on his company's quarterly results, the mining economy, and $2 billion buyback plan.

  • Not only is the Indonesian government steadily tightening its grip on what was previously a chaotically free-wheeling independent production sector, but Indonesia's producers themselves are considering suspending exports due to low prices. It's also a question that cuts to the heart of Indonesia's aggressive resource nationalism, revealing the...

  • *Activity in China retreats ahead of Lunar New Year. LONDON, Feb 12- Copper rose on Thursday, underpinned by a weak dollar, although further gains were kept in check by deadlock in talks between Greece and its international creditors. Trading volumes dipped to around one quarter of the daily average as market participants in top consumer China wind down ahead of...

  • Feb 12- Canadian miner Teck Resources Ltd's quarterly profit missed analysts' estimates as the company struggles with weak coal and copper prices. Net profit attributable to shareholders nearly halved to C $129 million, or 23 Canadian cents per share, in the fourth quarter ended Dec. 31. The much-delayed C $13.5 billion project has a break-even price of $90 or...

  • Teck profit slides on weak coal, copper prices Thursday, 12 Feb 2015 | 5:08 AM ET

    Feb 12- Miner Teck Resources Ltd's quarterly profit nearly halved due to weak coal prices and a decline in copper sales and prices. Net profit attributable to shareholders fell to C $129 million, or 23 Canadian cents per share, in the fourth quarter ended Dec.31 from C $232 million, or 40 Canadian cents per share, a year ago. Revenue at Vancouver- based Teck, the world's...