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Materials and Metals Metals and Mining

  • TORONTO _ New Gold Inc. on Tuesday reported a loss of $195.6 million in its fourth quarter. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • MANILA/ SHANGHAI, Feb 21- China's steel producers are eager to unleash their mills' capacity when this winter's output curbs end next month, hoping for a repeat of last year's record profits based on high margins and less competition as outdated plants were closed. China shut down up to half of its steel production this winter in 28 cities in the country's...

  • MANILA/ SHANGHAI, Feb 21- China's steel producers are eager to unleash their mills' capacity when this winter's output curbs end next month, hoping for a repeat of last year's record profits based on high margins and less competition as outdated plants were closed. China shut down up to half of its steel production this winter in 28 cities in the country's...

  • TORONTO, Feb 20- Canada's main stock index closed lower on Tuesday, following a mixed session, with weakness among gold mining stocks offsetting gains for the energy group. The Toronto Stock Exchange's S&P/TSX composite index. *Gold futures fell 1.8 percent to $1,329 an ounce.

  • TORONTO, Feb 20- Canada's main stock index dipped on Tuesday as a drop in the shares of gold mining companies offset gains for the energy group. The Toronto Stock Exchange's S&P/TSX composite index closed down 13.2 points, or 0.09 percent at 15,439.44. Just three of the index's 10 main groups ended lower.

  • *FTSE flat at close; mid cap index up 0.8 percent. MILAN, Feb 20- A disappointing update from banking heavyweight HSBC and declines in big mining stocks on metal price weakness weighed on the UK's top share index on Tuesday. The FTSE index ended the session flat at 7,246.77 points, lagging a broadly positive European market, while Britain's mid-cap index added 0.8...

  • DAR ES SALAAM, Feb 20- Foreign-owned banks, insurance companies and law firms could be locked out of Tanzania's mining sector as part of tough new regulations that aim to limit foreign ownership of mining-related activity. Under new regulations the mining ministry passed last month, Tanzania will now make it compulsory for foreign-owned mining groups to...

  • *U.S. Imports of Primary Aluminium: http://tmsnrt.rs/2p55b28. *U.S. Imports of Semis: http://tmsnrt.rs/2p8lD2x. LONDON, Feb 20- The U.S. Department of Commerce has "found that the quantities and circumstances of steel and aluminum imports" threaten to "impair the national security" of the United States.

  • *U.S. Imports of Primary Aluminium: http://tmsnrt.rs/2p55b28. *U.S. Imports of Semis: http://tmsnrt.rs/2p8lD2x. LONDON, Feb 20- The U.S. Department of Commerce has "found that the quantities and circumstances of steel and aluminum imports" threaten to "impair the national security" of the United States.

  • TORONTO, Feb 20- Canada's main stock index see-sawed on Tuesday, with strength in the heavyweight energy sector offseting weakness among mining stocks. At 9:48AM EST, the Toronto Stock Exchange's S&P/TSX composite index rose 6.89 points, or 0.04 percent, to 15,459.53. *Among the most active Canadian stocks by volume were Aurora Cannabis, up 2.1 percent to $10.34;...

  • DAKAR, Feb 20- Democratic Republic of Congo's President Joseph Kabila has not yet signed into law a new mining code, a senior aide said on Tuesday, as international mining companies wage a last-ditch lobbying effort against the measure. It is unclear what day the president received the bill from parliament but Mines Minister Martin Kabwelulu said at a...

  • LONDON, Feb 20- Royal Dutch Shell will expand deepwater output and turn a profit from its shale production in coming years as both together will help the oil major cope with a world of low crude prices, the head of its oil and gas production said on Tuesday. Shell's deepwater production in Brazil, Nigeria, the Gulf of Mexico is much bigger and more profitable, but the...

  • LONDON, Feb 20- Copper prices fell on Tuesday, pushed lower by a stronger dollar which made metals more expensive for holders of other currencies, but trading volumes were low with many Asian markets closed for the Lunar New Year holiday. "Copper has established itself above $7,000," said ING analyst Oliver Nugent. CHINA HOLIDAY: The Shanghai Futures Exchange will...

  • LAUNCESTON, Australia, Feb 20- If China does seek a way to retaliate against U.S. proposals to impose import curbs on steel and aluminum, then targeting President Donald Trump's favored coal would be tempting. But the problem is that virtually all of the good news for U.S. coal producers is on the export side- and this is mainly a China phenomenon.

  • A temporary export ban of neodymium by major supplier China in 2010 during a territorial dispute with Japan and periodic supply shortages have highlighted automakers' dependence on these materials. "An increase in electric car production will raise the need for motors, which will result in higher demand for neodymium down the line," Akira Kato, general project...

  • *FTSE down 0.1 pct; mid cap index up 0.7 percent. MILAN, Feb 20- The UK's top share index inched lower on Tuesday, weighed down by a disappointing update from banking heavyweight HSBC and declines in big mining stocks on metal price weakness. The FTSE index was down 0.16 percent at 7,236 points by 0825 GMT, underperforming a broadly positive European market, while the...

  • Capital returns for BHP just starting now

    Alon Olsha, senior metals and mining analyst at Macquarie, discusses BHP Billiton and other mining companies.

  • MELBOURNE Feb 20- Global miner BHP Billiton reported a 25 percent rise in underlying half-year profit on Tuesday, helped by robust metals prices, and handed an extra $800 million to shareholders as it forecast rising cash flows in the second half. Chief Executive Andrew Mackenzie said the miner expected to boost free cash flow to around $7 billion in the second...

  • *Kiev short of coal due to rebellion, conflict with Russia. On the Ukrainian side the deal helped to win favour with the White House, whose support Kiev needs in its conflict with Russia, as well as opening up a new source of coal at a time when its traditional supplies are disrupted. Trump's campaign call to improve relations with the Kremlin alarmed the pro-Western...

  • Costs at BHP are a focus for investors: CIO

    Clarity on BHP's plans for U.S. shale assets and share buyback intentions are needed, says Hugh Dive of Atlas Fund Management.