Pan American Silver (PAAS) dropped to a new low for the year

(RTTNews) - Pan American Silver (PAAS: News ) gapped open slightly lower Wednesday and declined during the first 2 hours of trade. The stock slipped further late in the afternoon and closed down by 1.50 at $20.40.

Peabody Energy Cuts Q3, FY11 EPS Outlook On North Goonyella Roof Fall Impact

Peabody Energy Corp. said Thursday that it expects production at its North Goonyella Mine in Queensland to resume in four to six weeks, following a mid-August roof fall at the mine.

Norilsk Nickel Offers $8.75 Bln To Buy Back 15 pct Stake Held By UC Rusal – Update

OJSC Norilsk Nickel Mining and Metallurgical Co. (NILSY.PK: News ) Friday said it has proposed to buy back 15 percent of its stake held by Russian aluminium firm UC Rusal for $8.75 billion. As per the offer, Norilsk Nickel, Russia's largest

Arch Coal Q2 net profit plunges; revises 2011 EPS view

Arch Coal Inc.'s (ACI: News ) second-quarter net income plummeted to $11.1 million or $0.06 per share from $66.2 million or $0.41 per share a year earlier. Excluding charges, adjusted net income for the second quarter of 2011 was $78 million, or $0.44 per share, the company said. On average, 22 analysts polled by Thomson Reuters expected earnings per share of $0.60 for the quarter.

Bloomberg: Joy Global in talks To acquire China's International Mining Machinery

Mining equipment maker Joy Global, Inc. (JOYG: News ) is close to acquiring Chinese coal-mining equipment maker International Mining Machinery Ltd. (ICMHF.PK), according to Bloomberg on Wednesday.