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Basic Material Active Stocks: Petroleo Brasileiro Petrobras (NYSE:PBR), Barrick Gold Corporation (NYSE:ABX), Newmont Mining Corp (NYSE:NEM), Vale (NYSE:VALE)

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) Argentine unit will invest at least $50 million as part of an agreement with Neuquen province to extend a shale oilfield license for 10 years, three people with knowledge of the plan said. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) stock performance was -2.65% in last session and finished the day at $13.60. Traded volume was 28.73million shares in the last session and the average volume of the stock remained 24.27million shares. The beta of the stock remained S1.83.

Newmont Mining Corp. and Barrick Gold Corporation (USA) (NYSE:ABX) have had continuing contact since the two miners last week broke off talks to create a global mining giant, according to people familiar with the situation. Barrick Gold Corporation (USA) (NYSE:ABX) rose 1.56 percent to $17.55 Tuesday on volume of 18.95million shares. The intra-day range of the stock was $17.36 to $17.63. Barrick Gold Corporation (USA) (NYSE:ABX) has a market capitalization of $20.44billion.

Barrick Gold Corp.’s founder and chairman Peter Munk said merging with rival Newmont Mining Corp. (NYSE:NEM) could result in “significant” cost savings, especially in Nevada where the two North American gold miners operate. Newmont Mining Corp (NYSE:NEM)’s stock on Apr 22, 2014 reported a decrease of -0.04% to the closing price of $25.04. Its fifty two weeks range is $20.78 -$35.44. The total market capitalization recorded $12.59billion. The overall volume in the last trading session was 13.74million shares. In its share capital, NEM has 497.93million outstanding shares.

Production has been halted at Brazilian miner Vale SA (ADR) (NYSE:VALE)’s Copper Cliff North nickel mine in Canada after a major piece of equipment malfunctioned. No one was injured after a malfunction in the mine’s skip hoist mechanism, Vale SA (ADR) (NYSE:VALE) spokesman Cory McPhee said. A skip hoist brings ore from underground to the surface. On Tuesday, shares of Vale SA (ADR) (NYSE:VALE) dropped -0.87% to close the day at $13.68. Company return on investment (ROI) is 9.40% and its monthly performance is recorded as 7.89%. Vale SA (ADR) (NYSE:VALE) quarterly revenue growth is 5.96%.