Metals and Mining Diversified Metals and Mining

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  • The problems facing Anglo American

    Paul Renken, chief geologist and mining analyst at VSA Capital, says the mining company may need to sell off some of its businesses.

  • TORONTO, Feb 11- Canada's main stock index fell 1 percent on Thursday, hitting a three-week low as a string of disappointing corporate earnings reports added to broad investor unease about the global economy. Telus Corp declined 3.4 percent to C $38.49 after the telecom company reported a fall in quarterly profit, hurt by increased competition and weaker...

  • Operations at U.S. Steel

    Metals prices may have outperformed oil over the past 20 months, but that's unlikely to continue, with metals set to keep dropping, Goldman Sachs said.

  • *Cevian, Union Investment criticize raised dividend. FRANKFURT, Jan 28- Indebted German industrial group Thyssenkrupp faced calls on Thursday from two influential shareholders not to pay a dividend, but to strengthen its balance sheet instead. Chief Executive Heinrich Hiesinger warned on Thursday that the company's ability to hit its financial forecasts...

  • The Phoenix, Arizona- based company said it was looking to advance the sale of interests in certain mining assets to help reduce its debt, which stood at $20.43 billion at the end of December, nearly four times its market value of about $5 billion. The company's average realized price for copper in the quarter fell to $2.18 a pound, from $2.95 in the same period last...

  • MANILA, Jan 26- Copper edged higher on Tuesday, buoyed by a weaker dollar, but sliding oil prices suggest gains could be fragile as a slowing global economy curbs risk appetite. *Copper is forecast to average at $4,858 a tonne this year, which would be its lowest average in more than a decade, due to weak demand growth in top consumer China and a supply overhang, a Reuters...

  • A worker polishes steel coils at a factory of Dongbei Special Steel Group in Dalian, China.

    Beaten down metals prices may find some support as China's raw-materials dependent sectors begin to show some modest improvement, Goldman Sachs said.

  • Do credit-risks remain for the mining sector?

    Barry Dawes, head of resources at Paradigm Securities, says Moody's review of Vale's ratings for a potential downgrade could mean further downside for other major miners.

  • Commodities demand has been terrible: Analyst

    Paul Gait, senior research analyst for metals and mining at Sanford Bernstein, says Chinese demand for commodities has declined while supply has accelerated, impacting shares in mining companies.

  • Fed hike’s impact on gold

    Macquarie precious metals analyst, Matthew Turner explains why he believes 2016’s second quarter could be “difficult” for safe havens like gold.

  • The Ranger uranium mine in Kakadu National Park, Australia

    Radioactive metal uranium was the top-performing mining commodity in price terms this year and looks set to gain further in 2016.

  • A judge in Brazil's state of Minas Gerais has frozen the Brazilian assets of mining giants BHP Billiton and Vale.

  • China miners grit teeth over coal downturn

    With coal prices down and demand weak, Qiu Zhijie, owner of Yongshun mine in Inner Mongolia, says "the more coal I sell, the more money I lose everyday."

  • JOHANNESBURG/ LONDON, Dec 10- Anglo American's plans to shut or sell dozens of loss-making mines have failed to halt a dramatic slide in its share price and it may need to sacrifice stronger parts of the business or raise cash from shareholders to pay down its debt. The company, which grew from gold fields near Johannesburg to dominate diamond, platinum and, to some...

  • Glencore shoots up the FTSE 100 on debt plan

    Tom Stevenson, investment director at Fidelity Worldwide Investment, discusses the commodities sector and Glencore's plan to reduce its debt pile.

  • Commodities space needs more transparency: Analyst

    Nirgunan Tiruchelvam, research director of Religare Capital Markets. says the Freeport issue in Indonesia underlines the need for transparency in the international commodities space.

  • Dec 9- Freeport-McMoRan Inc on Wednesday suspended its annual dividend and made deeper cuts in capital spending and copper production, the latest mining company to act to preserve cash as a commodities' price downturn enters its fifth year. Shares in the U.S. diversified miner and oil producer jumped 9.9 percent to $7.41 a share on Wednesday morning, getting...

  • JOHANNESBURG, Dec 8- Anglo American will sell more assets, suspend dividends until the end of 2016 and whittle down its business divisions to three from six in the face of severe commodity price falls, the mining company said on Tuesday. The London- listed company will form three divisions: De Beers for diamonds, Industrial Metals for platinum and base metals, and...

  • Mining stocks suffered from relentless selling on Tuesday, with Anglo American tumbling over 11 percent to a fresh record low.

  • Downward spiral for Anglo American

    Carole Ferguson, senior mining research analyst at SP Angel, discusses the restructuring efforts by Anglo American.