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Metals and Mining

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  • Gold Prices Could Peak at $5,000: Bank of America Friday, 21 Sep 2012 | 12:36 PM ET
    Gold

    As gold prices hit a 2012 record of $1,787.40 per ounce on Friday, Bank of America Merrill Lynch analysts told CNBC the precious metal could soar to $3,000 or even $5,000 over the longer-term.

  • Lonmin a 'Buy' Despite Mine Violence: Analyst Wednesday, 19 Sep 2012 | 4:20 AM ET

    Lonmin shares are a “buy”, according to John Meyer, head of resources at investment bank Fairfax, despite violence at the company’s South African platinum mines which killed 44 workers.

  • Gold coins and bar

    Gold is the “clear winner” from global stimulus measures, according to a report by UK research firm Capital Economics, which says that gains to other commodities such as oil and copper are likely to be brief.

  • Lonmin Promises New Approach to Mining Workers Monday, 17 Sep 2012 | 1:46 AM ET
    Open cast mining for iron ore.

    After a month of unrest, which has effectively shut down South Africa’s platinum sector and led to the deaths of 44 miners, mining companies and the South African Government have increased efforts to bring an end to the unrest.  Police raided hostels at a Lonmin mine and confiscated machetes, spears and other weapons, while Lonmin has said it would adopt a more sensitive approach to the mineworkers.

  • Gold

    With more Federal Reserve stimulus coming and central banks around the world turning into buyers, gold prices have room to run higher, Barrick Gold CEO Jamie Sokalsky said Tuesday.

  • Gold Will Top $2,000 in Next Year: Barrick CEO Tuesday, 11 Sep 2012 | 1:37 PM ET
    Gold

    With more Federal Reserve stimulus coming and central banks around the world turning into buyers, gold prices have room to run higher, Barrick Gold CEO Jamie Sokalsky said Tuesday.

  • Gina Rinehart Sparks New Controversy With $2 Remark Thursday, 6 Sep 2012 | 5:56 AM ET
    Gina Rinehart, chairwoman of Hancock Prospecting Pty.

    Australia’s mining tycoon Gina Rinehart — the world’s richest woman — is at it again. This time she has sparked controversy by comparing wages in Australia’s mining industry to cheap labor in Africa where workers earn less than $2 a day.

  • Bear Case — Iron Ore to Hit $50 in 2013 Thursday, 6 Sep 2012 | 2:25 AM ET

    Global iron ores prices, which are already near three-year lows, have more to fall, says independent economist Andy Xie. He forecasts prices to drop more than 40 percent to $50 per metric ton by mid-2013.

  • A Downer Outlook Down Under Tuesday, 4 Sep 2012 | 7:03 AM ET

    The Australian dollar has been sagging, and this strategist sees more weakness ahead.

  • Why Chalco's Failed Bid Is Good for SouthGobi Tuesday, 4 Sep 2012 | 3:25 AM ET

    State-controlled Chinese Aluminum giant Chalco's decision to drop its bid for SouthGobi Resources could actually push the Mongolia-focused coal producer's share price higher, according to one commodities expert.

  • Slumping iron prices are set for a sharp rise in the medium-to-long term, Severstal Head of Strategy Thomas Veraszto told CNBC’s “Worldwide Exchange” on Monday.

  • Buy Iron Ore Miners as Prices Set to Rebound: Pros Monday, 3 Sep 2012 | 3:17 AM ET

    The slumping iron ore price is providing the perfect opportunity to build up positions in Australia’s top iron ore producers, experts tell CNBC.

  • Did Ben Move the Metal Markets?     Friday, 31 Aug 2012 | 10:33 AM ET

    A look at how the metal sector is reacting to Bernanke's speech on economic policies, with David Meger, Vision Financial Markets.

  • 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.

  • 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:

  • Australia Mining Boom Over but Far From Bust     Thursday, 23 Aug 2012 | 10:50 PM ET

    Gaurav Sodhi, Resources Analyst, Intelligent Investors says Australia's boom mining days are no more given today's falling commodity prices. He thinks producers should shift focus to increasing volumes to see higher profits.

  • 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.