Katie Stockton, BTIG, and Gina Sanchez, Chantico Global, LLC, discuss whether metal and mining stocks are ready for a comeback.» Read More
JOHANNESBURG/ LONDON March 12- The sliding rand is a double-edged sword for mining companies in South Africa, with cost inflation, wage claims and potential labour unrest outweighing the gains that exporters traditionally derive from domestic currency weakness. The drop in the rand, near 13- year lows against the dollar, should benefit diversified mining...
A powerful cyclone hits northeast Australia, causing massive damage and causing flash flooding, while a second storm made landfall to the west.
Fraser Jamieson, head of metals and mining research at JPMorgan, discusses the earnings outlook for the U.K. mining firms.
Mining stocks sold off sharply on Wednesday, with Glencore falling to an all-time nadir, after copper plunged to a five-and-a half-year low.
Copper prices have slumped to 2009 levels. Nic Brown, head of commodities research at Natixis, discusses what's leading the selloff, saying he's been pretty "bearish on copper for a while."
Gold has extended gains to climb to its highest level since last October as copper has fallen further below $6,000, beyond five-year lows.
The prices of a range of commodities slid further Monday, dragging down stocks as investors feared more pain ahead for the asset class.
While low-cost producers will survive the recent fall in iron ore prices, high-cost miners in Australia are the most vulnerable, says Jonathan Barratt, Chief Investment Officer at Ayers Alliance Securities.
Miner Glencore said on Wednesday it will launch a share buy-back program of up to $1 billion over the next six months.
Shares of mining giant BHP Billiton closed 4.9 percent lower in London on Tuesday after the group announced plans to spinoff businesses worth around $16 billion.
Sandfire Resources looks set to return cash to shareholders soon.
Prices of copper – the industrial metal used in everything from cars to houses – have declined this week, heading towards a one-month low.
Mining stocks have fallen out of favor, but just when things could have turned from bad to worse it appears that the sector is the new contrarian play for 2014.
Investors who believe copper's recent price decline is limited to China are on the "path to ruin", warned Albert Edwards, Societe Generale's uber-bearish strategist.
Commenting on Monday's rout in Australian resources stocks due to poor\ Chinese trade data, Philip Parker, Chairman & CEO, Altair Investment Management, says the selloff may have been overdone.
Mark Taylor, Senior Resources Analyst at Morningstar, says the firm's lower-than-expected dividend suggests that a buyback may be on the cards.
Janet Yellen's remarks hinting the Fed will continue to taper pushed gold to a 3-month high.
Peter Akerley, President & CEO of Canada-based Erdene Resource Development, says Mongolia has been making progress in terms of mining regulations.
Scott Maddock, Anlyst at Macquarie Private Portfolio Management, says he expects the iron ore market to remain strong, which should generate good returns for BHP Billiton shareholders
The president of South Africa's main trade union for platinum workers told CNBC that miners were treated like slaves, after ordering strikes that will start on Thursday.