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Metals and Mining

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  • Midday Glance: Silver companies Tuesday, 24 Feb 2015 | 1:17 PM ET

    Hecla Mining Co. fell$. 04 or 1.2 percent, to $3.30. Pan American Silver Corp. fell$. 11 or 1.1 percent, to $9.76. Silver Standard Resources Inc. fell$. 01 or. 2 percent, to $5.10.

  • Midday Glance: Coal companies Tuesday, 24 Feb 2015 | 1:17 PM ET

    Arch Coal rose$. 02 or 1.5 percent, to $1.33. Consol Energy Inc. rose$. 73 or 2.2 percent, to $34.07. Peabody Energy rose$. 33 or 4.4 percent, to $7.79.

  • CALGARY, Alberta, Feb 24- Oil sands cash flows will fall by $21 billion in the next two years, energy consultancy Wood Mackenzie said in a report on Tuesday, as low global petroleum prices make it less economical to extract bitumen from northern Alberta. Canada's oil sands hold the world's third-largest proven crude reserves after Saudi Arabia and Venezuela, but...

  • Early Glance: Silver companies Tuesday, 24 Feb 2015 | 11:24 AM ET

    Hecla Mining Co. fell$. 04 or 1.0 percent, to $3.31. Pan American Silver Corp. fell$. 05 or. 5 percent, to $9.82. Silver Standard Resources Inc. fell$. 04 or. 8 percent, to $5.07.

  • Early Glance: Coal companies Tuesday, 24 Feb 2015 | 11:24 AM ET

    Arch Coal unchanged at $1.31. Consol Energy Inc. rose$. 15 or. 4 percent, to $33.49. Peabody Energy rose$. 15 or 2.0 percent, to $7.61.

  • Early Glance: Gold companies Tuesday, 24 Feb 2015 | 11:24 AM ET

    NEW YORK— Shares of some top gold companies are down at 10 a.m.:. Barrick Gold Corp. fell$. 13 or 1.0 percent, to $12.58. Newmont Mining Corp. fell$. 50 or 1.9 percent, to $25.46.

  • LONDON, Feb 24- The head of the world's largest mining company BHP Billiton said on Tuesday that the price of its main commodity, iron ore, is likely to fall in the near term under pressure from increasing global supply. "Although we see some loss of production, particularly from expensive Chinese iron ore... we still see a growing surplus of low-cost supply and...

  • LONDON, Feb 24- Non-Chinese aluminum production was unchanged in January, according to the latest figures from the International Aluminum Institute. A combination of lower London Metal Exchange basis price and softer physical premiums, particularly in Europe, has seen the all-in price slide back to just above $2,100 per tonne from over $2,450 as recently as...

  • *Natalka's gold reserves estimate cut by 49 pct. MOSCOW, Feb 24- Polyus Gold, Russia's biggest gold producer, is sticking with its flagship Natalka project despite a drop in its estimated gold reserves, and hopes to prepare an operating plan by mid-2015, it said on Tuesday. "This is a major decrease, although the company previously guided that it's likely to happen,"...

  • JAKARTA, Feb 24- Indonesia's plan to roughly double coal royalties next month is expected to hurt most for smaller and newer firms producing low-quality coal, government and industry officials say, with many struggling as prices have halved since 2011.. "The main impact will be felt by companies low calorie," Coal and Minerals Director General Sukhyar, who goes by...

  • *H1 profit falls to $5.35 bln, above $5.1 bln consensus. MELBOURNE, Feb 24- Global miner BHP Billiton posted a 31 percent drop in half-year profit as prices for all its main products collapsed, but beat market forecasts and flagged further belt tightening to withstand the tough conditions. Amid tough conditions "they're doing better than the market's expecting, so...

  • Atlas Iron: Seeing success in cost cuts  Tuesday, 24 Feb 2015 | 12:32 AM ET

    Brinsden Ken, managing director of Atlas Iron, says its cost-cutting program has generated "substantial success" and the Australian miner will do more to lower its operating costs.

  • Why BHP's stock is up despite profit drop  Monday, 23 Feb 2015 | 10:23 PM ET

    Gaurav Sodhi, resources analyst at Intelligent Investor, says the rise in BHP Billiton's free cash flow is "extraordinary" and is set to continue amid cost cuts and higher productivity.

  • MELBOURNE, Feb 24- London copper edged lower on Tuesday as traders turned defensive ahead of a speech by Federal Reserve Chair Janet Yellen later in the session, with volumes expected to improve as China returns from a week-long break on Wednesday. *Volumes are expected to pick up when China reopens on Wednesday, although traders in Asia don't expect huge...

  • BHP Billiton half-year profit slides by a third Monday, 23 Feb 2015 | 8:13 PM ET
    Trucks at an iron ore mine

    BHP Billiton posted a 31 percent drop in half-year profit as prices for all its main products collapsed, but beat market forecasts.

  • Despite 31% fall, BHP results still positive: Pro  Monday, 23 Feb 2015 | 7:33 PM ET

    Tim Schroeders, portfolio manager at Pengana Capital, explains why he is reading the 31 percent slump in BHP Billiton's half-year profit positively.

  • *H1 profit falls to $5.35 bln, above $5.1 bln consensus. MELBOURNE, Feb 24- Global miner BHP Billiton posted a 31 percent drop in half-year profit as prices for all its main products collapsed, but beat market forecasts and flagged further belt tightening to withstand the tough conditions. "Quality operations are making a fist of the tough environment, and they're...

  • Final Glance: Coal companies Monday, 23 Feb 2015 | 6:04 PM ET

    Arch Coal fell$. 06 or 4.4 percent, to $1.31. Consol Energy Inc. fell$. 49 or 1.4 percent, to $33.34. Peabody Energy fell$. 20 or 2.6 percent, to $7.46.

  • Final Glance: Gold companies Monday, 23 Feb 2015 | 6:04 PM ET

    Barrick Gold Corp. fell$. 18 or 1.4 percent, to $12.71. Gold Fields Ltd ADS rose$. 10 or 2.3 percent, to $4.36. Newmont Mining Corp. rose$. 38 or 1.5 percent, to $25.96.

  • Final Glance: Silver companies Monday, 23 Feb 2015 | 6:04 PM ET

    Hecla Mining Co. fell$. 10 or 2.9 percent, to $3.34. Pan American Silver Corp. fell$. 13 or 1.3 percent, to $9.87. Silver Standard Resources Inc. fell$. 29 or 5.5 percent, to $5.11.