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Materials and Metals Metals and Mining

  • LAUNCESTON, Australia, Sept 13- When the price of a commodity rises by 117 percent in a mere 15 weeks, it's generally a sign that something is amiss in the market, and coking coal's recent stellar run is no exception to this rule. The spot price of Australian premium hard coking coal has surged from $83.40 a tonne on May 31 to $180.90 on Sept. 9. In addition to the spot price...

  • BEIJING, Sept 13- China's industrial output grew the fastest in five months in August as demand for products from coal to cars rebounded thanks to higher government spending and a year-long credit and property boom. China's steel industry, in particular, has perked up in recent months as capacity cuts and production curbs have boosted prices and profits, while a...

  • BEIJING, Sept 13- China's crude steel output rose 3 percent in August from a year ago, the sixth straight monthly rise and the latest sign that a rally in prices and pick up in demand spurred mills in the world's top producer to ramp up production. "When the mills saw the profits in August, they lost motivation to cut output," said Li Wenjing, an analyst at Industrial...

  • BEIJING, Sept 13- China's crude steel output rose 3 percent in August from a year ago, the sixth straight monthly rise and the latest sign that a rally in prices and pick up in demand spurred mills in the world's top producer to ramp up output. Total output for the month was 68.57 million tonnes, the National Bureau of Statistics data showed on Tuesday.

  • BEIJING, Sept 13- China's coal output fell 11 percent in August to 278 million tonnes as producers respond to government efforts to cut overcapacity, although the pace of monthly declines has eased. The world's biggest energy user has deepened supply cuts in coal and steel this year, with Beijing aiming to cut 250 million tonnes of coal output in 2016 to slash...

  • BEIJING, Sept 13- China's industrial output grew the fastest in five months in August as demand for products from coal to cars rebounded thanks to higher government spending and a year-long credit and property boom. China's steel industry, in particular, has perked up in recent months as capacity cuts and production curbs have boosted prices and profits, while a...

  • BEIJING, Sept 13- China produced 278 million tonnes of coal in August, down 11 percent from a year ago, as producers responded to Beijing's clampdown on overcapacity, government data showed on Tuesday. Production in the first eight months reached 2.17 billion tonnes, down 10.2 percent from the same period last year, the National Bureau of Statistics said.

  • BEIJING, Sept 13- China's crude steel output rose 3 percent to 68.57 million tonnes in August from a year ago, data from the National Bureau of Statistics showed on Tuesday, the latest sign that a rally in prices spurred mills in the world's top producer to ramp up.

  • *Spot gold was up about 0.2 percent at $1,328.52 an ounce by 0056 GMT. *Traders trimmed their odds for a September rate hike to 15 percent from 24 percent on Friday, according to CME Group. *Johannesburg- listed miner Gold Fields said on Monday that an employee at the South Deep mine in South Africa was killed in an accident on Saturday following a seismic event.

  • SYDNEY, Sep 13- Australian mining billionaire Andrew Forrest has used his private company to apply for thousands of square kilometres of mineral exploration rights over his cattle stations, adding a new twist to an age-old battle between farmers and miners. Land banking is not illegal, but the practice goes against the spirit of mining laws and the state of...

  • SYDNEY, Sep 13- Australian mining billionaire Andrew Forrest has used his private company to apply for thousands of square kilometres of mineral exploration rights over his cattle stations, adding a new twist to an age-old battle between farmers and miners. Land banking is not illegal, but the practice goes against the spirit of mining laws and the state of...

  • SYDNEY, Sep 13- Australian mining billionaire Andrew Forrest has used his private company to apply for thousands of square kilometers of mineral exploration rights over his cattle stations, adding a new twist to an age-old battle between farmers and miners. Land banking is not illegal, but the practice goes against the spirit of mining laws and the state of...

  • SYDNEY, Sep 13- Australian mining billionaire Andrew Forrest has used his private company to apply for thousands of square kilometers of mineral exploration rights over his cattle stations, adding a new twist to an age-old battle between farmers and miners. Land banking is not illegal, but the practice goes against the spirit of mining laws and the state of...

  • WASHINGTON, Sept 12- The U.S. International Trade Commission handed another victory to American steelmakers on Monday, affirming most of the recent anti-dumping and anti-subsidy duties on hot-rolled flat steel imports from Australia, Brazil, Britain, Japan, the Netherlands, South Korea and Turkey. The ITC vote affirmed final anti-subsidy duties of 3.9 to 11.3...

  • Arch had $485.5 million in self-bonds in Wyoming when it filed for bankruptcy protection in January, saddled with $6 billion of debt and a deep slump in the coal sector. Under a reorganization plan set for a confirmation trial in U.S. Bankruptcy Court in St. Louis on Tuesday, Arch must replace all of its self-bonds within 15 days of its bankruptcy exit plan becoming...

  • WASHINGTON, Sept 12- The U.S. International Trade Commission handed another victory to American steelmakers on Monday, affirming most of the recent anti-dumping and anti-subsidy duties on hot-rolled flat steel imports from Australia, Brazil, Britain, Japan, the Netherlands, South Korea and Turkey. The commission rejected anti-subsidy duties against...

  • ANTI-DUMPING, ANTI-SUBSIDY DUTIES ON HOT-ROLLED STEEL PRODUCTS FROM AUSTRALIA, SOUTH KOREA, JAPAN, BRITAIN AND THE NETHERLANDS.

  • VANCOUVER, Sept 12- Barrick Gold Corp, the world's biggest gold producer, said on Monday it would partner with Cisco Systems to incorporate digital technology in all aspects of its mining business, aiming to improve productivity and reduce costs. Toronto- based Barrick said it planned to spend around $100 million between now and the end of 2017 working with Cisco...

  • It would combine Potash's crop nutrient production capacity, the world's largest, with Agrium's farm retail network, North America's biggest, plus its own potash mine and fertilizer plants. Agrium Chief Executive Officer Chuck Magro will be CEO of the merged company. Potash Chief Executive Jochen Tilk, who will become executive chairman, said the structure...

  • Potash Corp shareholders will own 52 percent of the new company, with Agrium shareholders owning the rest if the deal closes in mid-2017 as the companies hope, they said on Monday. Agrium Chief Executive Officer Chuck Magro will be CEO of the merged company, whose market capitalization is projected at $26 billion. Potash Corp is already the world's biggest crop...