Metals and Mining Diversified Metals and Mining


  • 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. Anglo said it would cut its assets by 60 percent, reduce its workforce to 50,000 from 135,000 and form three divisions: De Beers for...

  • Anglo American announced restructuring steps including plans to consolidate into three business units, sell more assets and suspend dividends.

  • Is it worth staying invested in miners?

    Barry Norris, founder and CIO of Argonaut Capital, discusses the mining sector and says the managers of these companies need to work out how to run a commodities company in a bear market.

  • Russian economy boosted by mining

    CNBC's Geoff Cutmore discusses the latest economic data from Russia which has received support from the mining sector.

  • Mark Mobius, executive chairman of Templeton Asset Management's Emerging Markets Group.

    Veteran emerging markets investor Mark Mobius has warned of a worse-than-expected slowdown in Chinese steel production.

  • Copper prices bounce back

    CNBC's Jackie DeAngelis reports on the moves in the metals markets after Turkey shoots down a Russian warplane.

  • Metal prices crumbled on Monday thanks to a toxic combination of the prospect of poor Chinese demand and a stronger U.S. dollar.

  • A jade mine in Hpakant, Myanmar's Kachin State.

    Nearly 100 bodies have been pulled from a landslide near a jade mine in Myanmar's northern Kachin State.

  • Copper wire. The commodity was trading at five-year lows Wednesday.

    If China's old economy doesn't find its footing, metals demand could take another hit, Goldman Sachs said.

  • The collecting machine will draw ground up rock from the surface into the pumps that carry it up to the ship.

    Nautilus Minerals just debuted the equipment that may make it the first company to seriously mine the ocean floor.

  • A worker cuts steel billets at an iron and steel enterprise in Ganyu County.

    The steel industry's dire straits are in the spotlight this week, with both China and the U.K. warning about the hit from the dramatic slump in demand.

  • How to play the commodities sector

    Jessica Ground, U.K. equities fund manager at Schroders, says investors need to pay attention to which commodities are being extraced by which mining companies if they want to turn a profit.

  • Iron ore being transported in Western Australia

    Some investors are taking a boost for iron ore as a sign that conditions for the commodity market might be looking up.

  • We are doing best out of our peers: Rusal president

    Oleg Deripaska, president of Rusal, says that Glencore's plan to slice its debt pile by over $10 billion is "100 percent" feasible.

  • An uncut diamond is selected from a collection of colorless and colored diamonds on a sorting table at DTC Botswana, a unit of De Beers, in Gaborone, Botswana,

    President of major Russian diamond mining group Alrosa has warned of the growing number of "synthetic" or altered diamonds entering the jewelry market.

  • Can commodity prices recover?

    David Stubbs, global markets strategist at JPMorgan Asset Management, says unless there's a major supply disruption then the imbalance between supply and demand in the commodities market is unlikely to change.

  • An employee walks past coal washing flotation cells, manufactured by Jameson Cells, a unit of Glencore Xstrata

    In a bid to ease market fears about its debt levels, Glencore revealed details of its financing plans in a published statement Tuesday.

  • Ivan Glasenberg, billionaire and chief executive officer of Glencore Plc, arrives to attend the Africa Summit in London, U.K., on Monday, Oct. 5, 2015. Glencore Plc surged in London, following gains in Hong Kong trading as concerns around the company's stability eased after reports that it's talking to potential buyers for its agriculture business.

    Glencore CEO Ivan Glasenberg urged rivals to shut unprofitable mines and blamed hedge funds for lower commodity prices, the FT reports.

  • How Glencore is fighting its tailspin

    CNBC's Kate Kelly details Glencore's attempt to stop the bleeding and potentially cut its debt by $10 billion.

  • The global silver-coin market is in the grips of an unprecedented supply squeeze, forcing some mints to ration sales and step up overtime.