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Metals and Mining

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  • Gina Rinehart

    Australian billionaire Gina Rinehart, the world's richest woman, has told Australians envious of rich people that they should stop complaining, work harder, and cut down on drinking, smoking and socializing.

  • Lonmin Shares an Excellent Opportunity: Analyst Wednesday, 29 Aug 2012 | 8:19 AM ET

    London-based company Lonmin, the platinum mining firm affected by strikes at their Marikana facility in South Africa, is a definite opportunity for investors looking to enter the sector according to Alison Turner, mining analyst at Panmure Gordon.

  • Norway Fund Opposes Glencore Merger Wednesday, 29 Aug 2012 | 1:32 AM ET
    Globe wrapped in string

    Norway has joined forces with Qatar in opposition to the $70 billion merger between commodities trader Glencore and miner Xstrata, further threatening one of the biggest deals in the natural resources industry over the past decade, the FT reports.

  • Following the on-going violence at operations of the world’s third-largest platinum producer Lonmin, the South African government wants to bring in external mediation to resolve disputes over pay and conditions of mining workers, Susan Shabangu, mines minister for the country, told CNBC Africa on Tuesday.

  • The Billion Dollar Business of Diamonds, From Mining to Retail

    Diamonds. For thousands of years, they have been believed to bring good luck (and bad luck!) — health, wealth, and protection against most of the ills that can befall mankind. They are also a billion dollar business, although compared to the gold business, the diamond industry is small. The worldwide retail market for diamond jewelry was $60 billion in 2010. Like the gold business, the diamond business is segmented into several groups:

  • Mining Strikes Could Spread to Anglo American Thursday, 23 Aug 2012 | 9:28 AM ET
    Platinum

    One of the world’s largest mining groups, Anglo American, could see its platinum production also affected by striking workers, according to trading company Vincom Commodities.

  • Can Australia's Economy Survive the Mining Scare? Wednesday, 22 Aug 2012 | 11:24 PM ET
    A Citic Pacific safety hat at the company's Sino Iron project in Karratha, Western Australia.

    Australia's Resources and Energy Minister declared the resources boom over on Thursday, pointing to tough times ahead for the country's economy, which has been powered by the mining sector for over a decade now. This has prompted the question: Is Australia resilient enough to grow without its main economic driver?

  • Troubled Merger and Violent Protests Hit Miners Tuesday, 21 Aug 2012 | 11:19 AM ET

    The health of the mining sector has come into sharper focus in recent weeks, with deadly disturbances in South Africa and ongoing concerns about commodity prices denting the sector and the cloud hanging over the sector is unlikely to blow away quickly.

  • Troubled Merger and Violent Protests Hit Miners Tuesday, 21 Aug 2012 | 11:17 AM ET

    The health of the mining sector has come into sharper focus in recent weeks, with deadly disturbances in South Africa and ongoing concerns about commodity prices denting the sector and the cloud hanging over the sector is unlikely to blow away quickly.

  • Trading Rio Tinto's Earnings & China's CPI Tuesday, 7 Aug 2012 | 10:23 AM ET
    Trading Rio Tinto's Earnings & China's CPI

    A trade on an Australian mining company and China's latest economic data, with Tim Seymour, Triogem Asset Management.

  • mining_iron_ore_3_200.jpg

    Xstrata reported a sharp fall in profits Tuesday as the miner battled rising costs and falling prices – which is likely to revive the debate surrounding its stalled $60 billion merger with Glencore, the commodities trader.

  • BHP in Talks with Canada’s Harry Winston Monday, 6 Aug 2012 | 10:39 PM ET
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    BHP Billiton is in protracted talks with Harry Winston, the Canadian mining and retail group, about a sale of its diamond business but could yet opt to keep the unit as discussions drag on with the sole remaining bidder. The FT reports.

  • Sandfire to Commission DeGrussa Mine in September: CEO

    Karl Smich, CEO of Sandfire Resources said his company is already selling China material from its DeGrussa Mine which will be commissioned next month. He added that the mine is on track to start full production next year.

  • Is Indonesia Losing Its Edge With Investors? Friday, 3 Aug 2012 | 3:22 AM ET
    Pedestrians cross a street in Jakarta's modern business district.

    In recent years Indonesia, Southeast Asia’s largest economy, has emerged as a darling of foreign investors, but that privileged status may be under threat as its economy shows signs of weakness amid policy changes that are being viewed as protectionist.

  • Why Death of Commodities Is ‘Greatly Exaggerated’ Thursday, 26 Jul 2012 | 11:15 PM ET
    A driver inspects an earth mover at Fortescue Metals Group Ltd.'s Cloudbreak iron ore operation in the Pilbara region of Western Australia.

    Prices of commodities such as copper and gold have slumped more than 15 percent this year as investors shun risk assets and demand fell amid a moribund global economy but a demise of the mining industry is “greatly exaggerated,” according to HSBC.

  • Value Hunters Target Gold Fields Wednesday, 25 Jul 2012 | 6:07 AM ET

    Gold Fields is sitting at long-term support, and yesterday the bulls stepped in.

  • Why Further Easing May Not Save Commodities Monday, 23 Jul 2012 | 11:02 PM ET
    oil-pump-jacks-2_200.jpg

    Commodities bulls betting on further easing from major central banks to revive sagging prices may be setting themselves up for disappointment.

  • Will Copper Spring Higher? Sunday, 22 Jul 2012 | 1:52 PM ET
    Reel of uninsulated copper wire

    Freeport-McMoran Copper & Gold CEO Richard Adkerson, told CNBC’s “Closing Bell” on Thursday he expects copper prices to be higher longer term. He's not alone in his bullishness.

  • Challenge to Mining Tax Must Be Heard: WA Mines Minister Wednesday, 18 Jul 2012 | 3:55 AM ET
    A driver inspects an earth mover at Fortescue Metals Group Ltd.'s Cloudbreak iron ore operation in the Pilbara region of Western Australia.

    The Australian Federal Government is facing one of its biggest fights over its controversial mining tax, after one of the country’s biggest iron ore miners lodged a challenge against the High Court against the legislation.

  • Mining Stocks Primed for a Comeback as Prices Recover Tuesday, 17 Jul 2012 | 10:55 PM ET
    iron-ore-dump-truck_200.jpg

    Shares of mining giants may have slumped this year on falling demand from China and as investors shun assets but they may be due for a bounce.