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Metals and Mining

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  • Gold Eases as Debt Talks Progress     Wednesday, 23 Jan 2013 | 1:30 PM ET

    CNBC's Sharon Epperson reports on the metal markets close for the day, saying the progress in the talks on the U.S. debt limit has reduced gold's appeal as a safe haven.

  • Einhorn: Iron Ore Shorts Hurt, Not Herbalife     Wednesday, 23 Jan 2013 | 1:22 PM ET

    CNBC's Kate Kelly reports David Einhorn of Greenlight Capital told investors shorts in iron ore miners hurt the results, not Herbalife.

  • Hamish Tyrwhitt, CEO of Leighton Holdings, Australia's largest construction company, tells CNBC that the demand for volume in mining remains and they see a doubling of energy demand over the next decade.

  • BHP Digs Deeper for More Ore to Feed China Steel Mills Wednesday, 23 Jan 2013 | 12:13 AM ET

    BHP Billiton, the world's biggest mining company, boosted its iron ore output by 3 percent in the December quarter, as it races to supply more of the raw material to Chinese steelmakers despite signs of a softening market.

  • Australian Iron Ore Port to Reopen as Storm Passes Tuesday, 22 Jan 2013 | 7:36 PM ET

    Australia's Port Hedland, which handles about a fifth of the world's seaborne-traded iron ore, will reopen on Wednesday after being spared the brunt of a cyclone that has also shut other major ports in Western Australia.

  • Mining firms including BHP Billiton and Anglo American are likely to follow Rio Tinto's lead in writing down underperforming assets by as much as $10 billion, as low prices and rising costs eat into valuations.

  • Iron ore prices have nearly doubled over the past four months, delighting producers, yet the surge is hindering expansion of iron ore mines in Western Australia, the site of the world's largest known deposit.

  • Sharon Epperson reports the "silver surge" has driven demand for silver coins made by the U.S. Mint. (1:23)

  • Banks Up Price Targets on Rio Tinto     Thursday, 17 Jan 2013 | 11:00 AM ET

    Paul Renken, senior geologist at VSA Capital, explains why investment banks are upping their price targets on Rio Tinto after the new CEO announcement.

  • Rio Tinto Blame Game Begins After Big Writedown Thursday, 17 Jan 2013 | 4:32 AM ET

    Rio Tinto, the mining giant, was in turmoil Thursday morning after the abrupt departure of its chief executive and the announcement of a $14 billion writedown.

  • Rio Tinto CEO Resigns After $14 Billion Charge Thursday, 17 Jan 2013 | 2:55 AM ET

    Global miner Rio Tinto has announced the surprise resignation of its chief executive after taking a $14 billion charge in connection with Tom Albanese's two most significant acquisitions, Mozambican coal and aluminium.

  • Platinum Supply to Remain Tight: Analyst     Wednesday, 16 Jan 2013 | 2:40 AM ET
  • Platinum at Three-Month High; Gold Futures Settle Up Tuesday, 15 Jan 2013 | 5:00 PM ET

    Platinum rose to a three-month high on Tuesday, rallying for a sixth straight session as funds bought heavily due to a mine labor crisis in South Africa that sparked supply fears.

  • Which Metal Will Have the Best 2013? Tuesday, 15 Jan 2013 | 12:04 PM ET

    Vote now in our poll!

  • 2013 Will Mark the Return of a China Play: Pro     Tuesday, 15 Jan 2013 | 4:20 AM ET

    Ker Chung Yang, senior investment analyst at Phillip Futures expects 2013 to be the return of a China play again, especially in the base metal commodity.

  • Rio Tinto Numbers Surprise on the Upside     Tuesday, 15 Jan 2013 | 2:10 AM ET

    Paul Renken, senior geologist at VSA Capital, tells CNBC that Rio Tinto figures have surprised on the upside, suggesting some demand for iron ore.

  • Will Lady Luck Return to Australia This Year? Tuesday, 15 Jan 2013 | 12:13 AM ET

    Often called the "lucky country" because of its rich natural resources, Australia's growth has long been funded by the commodities boom but now, economists say, there are a few other bright spots that could pick up where mining left off.

  • Rio Tinto Output Tops Forecast on Resurgent China Monday, 14 Jan 2013 | 11:39 PM ET
    A haul truck is loaded by a digger with material from the pit at Rio Tinto Group's West Angelas iron ore mine in Pilbara, Australia.

    Rio Tinto said on Tuesday its iron ore production beat its own guidance to hit 253 million tons in 2012, as the miner cashes in on resurgent Chinese demand that has driven up prices in recent months.

  • A miner at Vaal River gold mine, operated by AngloGold Ashanti in Klerksdorp, South Africa

    Conflict in the West African state of Mali -- the continent's third-largest gold producer -- poses "manageable" risks for miners active in the country's south as Al Qaeda-linked Islamist rebels remain confined to strongholds in the north while former colonial power France continues its offensive against militant bases.

  • The high-rise Bakrie Tower, which houses the headquarters of Bumi Resources, owned by the Bakrie family in Jakarta

    Indonesia's influential Bakrie family warned on Monday that it could rethink its proposed exit from Bumi, a coal venture it co-founded with Nat Rothschild, if the financier pursues a planned return to the board.

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