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Metals and Mining Diversified Metals and Mining

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  • TORONTO, July 23- Diversified U.S. miner and energy company Freeport-McMoran Inc reported a sizeable second-quarter net loss on Thursday, reflecting a big write-down for the value of its oil and gas properties and slumping prices for the copper, gold and oil that it produces. The Phoenix, Arizona- based company reported a net loss attributable to shareholders of...

  • *Sees non-cash items for Minas Rio and some Australia coal assets. LONDON, July 16- Mining group Anglo American has warned of a second multi-billion dollar writedown this year on its coal and iron ore assets, demonstrating the growing impact of sliding commodity prices. The charge of between $3 billion and $4 billion flagged on Thursday, to be taken in its...

  • LONDON, July 16- Global mining company Anglo American expects to take a writeoff of between $3 billion and $4 billion in its first-half results because of the slide in prices for iron ore and coal, it said on Thursday. "Anglo American expects to record non-cash impairments within special items... relating to Minas Rio and certain Australian coal assets of...

  • We need nature preserves on sea floor: Researchers Monday, 13 Jul 2015 | 2:17 PM ET
    Relicanthus sp. -- a new species from a new order of Cnidaria collected at 4,100 meters in the Clarion-Clipperton Fracture Zone (CCZ) that lives on sponge stalks attached to nodules.

    A group calls on regulators to create nature preserves on the bottom of the ocean to counterbalance the effects of deep-sea mining.

  • Teck delays high-cost Canada oil sands project Friday, 10 Jul 2015 | 10:44 AM ET

    TORONTO, July 10- Teck Resources Ltd is delaying development of its massive, high-cost Frontier oil sands project in northern Alberta by five years at a time when oil prices show few signs of recovering from current depressed levels. Construction of the 260,000 barrel-a-day bitumen mine is planned to start in 2019 and occur in two phases, rather than four, to take...

  • This sector is getting hit by China’s market dive Wednesday, 8 Jul 2015 | 11:15 AM ET

    The dramatic plunge in Chinese equity prices has hit base metals hard, with prices subdued after Tuesday's tumble.

  • Future of copper mining may be on the ocean floor Monday, 15 Jun 2015 | 3:32 PM ET
    Underwater operations by Nautilus Minerals

    Nautilus Minerals wants to be the world's first deep-sea miner, and says the ocean floor is the safest place to get needed minerals.

  • What may be next for the last US rare earths miner Tuesday, 9 Jun 2015 | 12:40 PM ET
    Metal trading Company Haines and Maassen GmbH in Bonn, The company trades mainly with the rare earth elements and specialty metals. The rare earths elements are indispensable raw materials for many key technologies of electronic products to medical equipment.

    Rumors that Molycorp may seek bankruptcy protection sent its shares plummeting last week.

  • Investors eye battered miners as BHP spin-off trades Monday, 18 May 2015 | 12:01 PM ET

    As BHP Billiton's spin-off begins trading, investors are eyeing the battered mining sector for longer-term opportunities.

  • Baird calls mining bottom Monday, 11 May 2015 | 4:50 PM ET
    Baird calls mining bottom

    Baird says it's time to buy Caterpillar and Joy Global. Is that really wise? Erin Gibbs of S&P Capital IQ and Todd Gordon of TradingAnalysis.com discuss with Brian Sullivan.

  • This expert has 'positive valuations' for South32 Tuesday, 5 May 2015 | 8:35 PM ET
    This expert feels good about South32

    Rob Brierley, head of Research at Patersons Securities, attributes the firm's valuation for South32 at $2.40 per share to potential upsides in aluminum prices.

  • Will the South32 demerger pay off for BHP? Tuesday, 5 May 2015 | 6:51 PM ET
    Will the South32 demerger pay off for BHP?

    Ahead of the shareholder vote on Wednesday, Barry Dawes, head of Resources at Paradigm Securities, explains why the demerger of BHP Billiton will be a positive move.

  • TORONTO, April 23- Freeport-McMoRan Inc is mulling a public offering of its oil and gas business to help kick-start production growth for its energy business, along with joint ventures or asset sales, the diversified miner said on Thursday. Weighted by a $20.3 billion debt load, Freeport has been studying several options to secure capital but found joint...

  • These iron ore players face metal fatigue: Goldman Sunday, 19 Apr 2015 | 8:43 PM ET
    Bars of pig iron sit on the dockside ahead of export at the Port of Mariupol, one of Ukraine's biggest commercial sea ports, in Mariupol, Ukraine.

    Iron ore's price plunge is likely to start claiming corporate casualties among the industry's smaller players, Goldman Sachs said.

  • April 15- Diversified Canadian miner Sherritt International Corp confirmed a strike by some employees at its Ambatovy processing plant near Toamasina, Madagascar. Sherritt said on Wednesday the strike was not expected to affect the miner's 2015 production forecast. A strike by employees at its Ambatovy nickel mine last month had forced the company to curb...

  • Canada's Sheritt confirms strike at Madagascar plant Wednesday, 15 Apr 2015 | 2:26 PM ET

    April 15- Diversified Canadian miner Sherritt International Corp confirmed a strike by some employees at its Ambatovy processing plant near Toamasina, Madagascar. Sherritt said on Wednesday the strike was not expected to affect the miner's 2015 production forecast. A strike by employees at its Ambatovy nickel mine last month had forced the company to curb...

  • Citi analysts call the 'end of the Iron Age' Monday, 13 Apr 2015 | 9:31 AM ET
    Stackers load crushed iron ore onto a stockpile at an ore processing facility in Pilbara, Western Australia.

    Oversupply and a lack of demand growth has led some market analysts to speculate that iron ore prices will never recover to former levels.

  • TORONTO, March 24- Diversified U.S. mining and energy company Freeport-McMoRan Inc said on Tuesday it is slashing its quarterly dividend by 84 percent in response to the impact of lower commodity prices. The company is cutting its dividend to 5 cents a share from 31-1/ 4 cents a share/ The stock was off 2.7 percent to $18.80 in trading before the morning bell in New...

  • Tracking Sri Lanka's business environment Tuesday, 24 Mar 2015 | 1:43 AM ET
    Tracking Sri Lanka's business environment

    Emily Lee, executive director of Lanka Graphite, discusses the state of Sri Lanka's business environment following a change in power early this year.

  • *South32 net debt at $674 mln, well below forecasts. *Net assets $12.95 bln, based on book value. MELBOURNE/ LONDON, March 17- BHP Billiton said a proposed $13 billion spinoff of South32 would give the world's biggest miner a strong chance to ride out tough conditions in commodity markets and was a more attractive option than an asset sale.