Paul Bartholomew of S&P Global Platts says the rally in commodity prices helped to drive the strong showing from Rio Tinto.
BHP Billiton has begun halting operations at its Escondida copper mine in northern Chile.
Alex Leyland, portfolio manager at Leyland Private Asset Management, says Rio Tinto's cost discipline and higher iron ore prices made for strong results.
David Lennox, resources analyst at Fat Prophets, expects Australian iron ore miner Rio Tinto to report a full-year profit of $4.7-5 billion.
LONDON/ CAPE TOWN, Feb 7- Mining stocks are outpacing oil-related peers in a "reflation rally" sparked by U.S. While both energy and mining stocks rose, the latter charged higher in the second half of the year led by bellwethers such as Anglo American and Glencore, in stark contrast to a dismal 2015. "Our UK PMs hold miners in preference to oil majors based on prospects...
LONDON, Feb 7- Last month Indonesia rocked the nickel market. What Indonesia giveth, the Philippines apparently taketh away. And while events in both Indonesia and the Philippines are going to be key price drivers for the foreseeable future, they will impact only the most upstream part of a supply chain which is still amply filled at the refined metal stage.
The Philippine mining minister's decision to close over half of the country's mines and suspend others is "illegal," an industry group said.
The planned closure of 23 Philippine mines, mostly nickel producers, and the suspension of five others will affect about 1.2 million people.
TORONTO, Feb 1- Canada's main stock index eked out a small gain on Wednesday as miners and energy stocks rose with higher prices for oil and some base metals, while nuclear producer Cameco Corp sank on news of a scrapped contract. The Toronto Stock Exchange's S&P/TSX composite index settled up 16.43 points, or 0.11 percent, at 15,402.39. Its materials group, which...
Freeport-McMoRan warned that it would need to start slashing output and jobs at its Indonesia mine if it fails to get an export permit.
Andrew Michelmore, CEO at MMG, says that market sentiment when it comes to investing has changed.
Philip Alexander, Jacanda Capital, says that the window for small tech floats is closing in the market.
Rob Brierley at Patersons Securities talks about how the miner missed its copper targets and his expectations for iron ore prices.
Global miner Rio Tinto hit its mid-point target for iron ore shipments from Australia in 2016 and kept its guidance for this year intact.
TORONTO, Jan 6- Canada's main stock index fell on Friday, with gold miners and other materials stocks leading a broad retreat from a three-day rally that saw the index approach an all-time high to start the year. The Toronto Stock Exchange's S&P/TSX composite index ended the day down 90.53 points, or 0.58 percent, at 15,496.05 despite booming jobs and trade data.
TORONTO, Jan 6- Canada's main stock index fell in early trading on Friday, with gold miners and other materials stocks leading a broad retreat from the three-day rally that started the year. At 9:42 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 61.85 points, or 0.4 percent, at 15,524.73 despite booming jobs and trade data.
*Britain's FTSE among top performers in Europe. The FTSE 100 has gained 14 percent in 2016 to trade just below a record high set in October, making it the best performer among major European stock indexes despite the shock of June's Brexit vote. "The latest GDP figures point to a strong UK economy which has probably accounted for some of the pick-up in equity prices...
LONDON, Dec 29- Oil's plunge to its lowest in over a decade and fears over China's economy hammered global commodity markets and share prices earlier this year, but investors who held their nerve will be partying the hardest this holiday season. Shares in mining and commodity trading giant Glencore are up 200 percent this year and shares in Anglo American are up...
TORONTO, Dec 9- Canada's main stock index barely extended a 19- month high on Friday, jumping 1.7 percent over the week, as heavyweight energy and bank stocks gained with rising oil prices and bond yields while mining losses eclipsed broad gains. Diversified miner Teck Resources Ltd fell 6.9 percent to C $29.37. "I think the materials have run way too far too fast and...
TORONTO, Dec 2- Canada's main stock index eked out a small gain on Friday as miners rose as the price of gold climbed while energy stocks slipped after an OPEC deal earlier in the week propelled oil to its biggest weekly gain in years. The Toronto Stock Exchange's S&P/TSX composite index settled up 24.99 points, or 0.17 percent, at 15,052.52. "The trend is very...