The inflection point for BHP Billiton will have to come from an improvement in the commodity price cycle, says Patersons Securities' Rob Brierley. » Read More
Ramin Nakisa, global macro strategist at UBS, says his company keeps away from mining stocks due to the cost of capital
Australia's South32 on Thursday reported a first-half loss of $1.7 billion, hurt by big writedowns for its manganese and energy coal businesses.
BHP also revamped the company's structure in a bid to simplify its operations, creating U.S. and Australian mineral divisions in a move that will see its longtime iron ore chief Jimmy Wilson and petroleum head Tim Cutt depart. The size of the dividend cut, down from 75 cents to 16 cents, was more severe than market expectations for a payout as high as 35 cents.
SYDNEY, Feb 23- Top global miner BHP Billiton slashed its interim dividend by 75 percent on Tuesday, cutting it for the first time since 1988 following a collapse in prices for oil, iron ore, coal and other raw materials. "Slower growth in China and the disruption of OPEC have resulted in lower prices than expected," BHP Chief Executive Andrew Mackenzie said in a...
SYDNEY, Feb 23- Top global miner BHP Billiton slashed its interim dividend by 75 percent on Tuesday, cutting it for the first time since 1988 following a collapse in prices for oil, iron ore, coal and other raw materials. The world's biggest diversified miner reported a net loss of $5.67 billion for the first half of the 2016 financial year, its first loss in more than...
Eivind Kallevik, CFO of Norsk Hydro, discusses his company's earnings and shares his outlook for aluminum.
Mark Cutifani, CEO of Anglo American, discusses whether or not commodity prices have bottomed.
Mark Cutifani, CEO of Anglo American, discusses the plans to sell its iron ore producer and says it will focus on diamonds, platinum and copper.
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...
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...
Beaten down metals prices may find some support as China's raw-materials dependent sectors begin to show some modest improvement, Goldman Sachs said.
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.
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.
Macquarie precious metals analyst, Matthew Turner explains why he believes 2016’s second quarter could be “difficult” for safe havens like gold.
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.
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."