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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.

  • 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.

  • 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?

  • IRC's Business Outlook     Tuesday, 21 Aug 2012 | 9:40 PM ET

    Jay Hambro, Chairman of IRC discusses the outlook for the commodities producer's business.

  • 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.

  • Agricultural Commodities Near the Top     Monday, 20 Aug 2012 | 6:45 PM ET

    Jeremy Friesen, Asia Commodity Strategist at Societe Generale says that there is significant demand destruction in the soft commodity space and that prices will start to ease.

  • Markets Across Europe Close Lower     Monday, 13 Aug 2012 | 11:30 AM ET

    CNBC's Simon Hobbs reports European stocks closed lower in light, choppy trading, and looks at moves in the stock, metals and energy markets, with CNBC's Bertha Coombs and Bob Pisani.

  • Could Metal Prices Rebound?     Sunday, 12 Aug 2012 | 7:40 PM ET

    Andrew Keen, Head of Metals and Mining at HSBC thinks there is potential for metals like copper and iron ore to rebound due to tightening inventory levels and chances of a recovery in the West.

  • Seasonal Weakness Dampens Miners' Outlook     Wednesday, 8 Aug 2012 | 10:50 PM ET

    Tom Price, Global Commodity Analyst, UBS, says the third quarter is traditionally a lull in seasonal production, so major mining companies have a right to be optimistic on the upcoming fourth quarter.

  • Iron Ore Prices to Drag Down Rio Tinto Profit     Tuesday, 7 Aug 2012 | 11:40 PM ET

    David Lennox, Resources Analyst, Fat Prophets expects Rio Tinto's first half earnings to come in around $4.5 - $5 billion on the back of lower commodity prices.

  • Nev Power, CEO of Fortescue Metals said the funds provide a buffer against the uncertain financial and macro environment at the moment.

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

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

  • 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.

  • Sean Corrigan, Chief Investment Strategist, Diapason Commodities Management, says Xstrata's management hasn't looked after shareholders.