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Diversified Metals and Mining

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  • BHP Billiton says it may cut jobs at Worsley Alumina Tuesday, 27 May 2014 | 9:06 AM ET

    LONDON, May 27- BHP Billiton, the world's largest diversified mining company, may cut jobs at its Worsley Alumina operations in Australia after completing a review of the business, the company said on Tuesday.

  • LONDON, May 20- Global miners and commodity traders are using multiple strategies to lock in favorable rates for shipping costs, anticipating a freight market recovery after years of turmoil.

  • Cool commodities? Mining stocks back in vogue Monday, 12 May 2014 | 7:22 AM ET

    Mining stocks have fallen out of favor, but just when things could have turned from bad to worse it appears that the sector is the new contrarian play for 2014.

  • Union plus Rustenburg mines could sell for $1- 2 bln- analysts. LONDON/ JOHANNESBURG, April 25- If Anglo American pushes ahead to divest underperforming platinum assets, a sale to a small South African company that specialises in squeezing profit out of mines nearing the end of their lives is seen as the most likely option.

  • SINGAPORE, April 23- London copper futures edged lower on Wednesday ahead of reading on China's manufacturing activity, with a further contraction likely to cut the appetite for risky assets, although nickel hit the highest in more than 14 months on tighter supply.

  • *To restart Pend Oreille zinc mine at a cost of C $45 mln. Teck also said it plans to resume production at its Pend Oreille underground zinc mine, which has been idle since 2009. The company said zinc has the best outlook of the base metals. The capital cost of restarting Pend Oreille is pegged at about $41 million.

  • April 22- Diversified Canadian miner Teck Resources Ltd said it would cut about 600 jobs, or 5 percent of its global workforce, after a sharp fall in earnings and revenue in the first quarter.

  • SYDNEY, April 16- Australian miners are racing ahead with plans to expand iron ore production to capture more of the Chinese market for the steelmaking ingredient, amid strong competition from the world's biggest supplier Vale of Brazil.

  • April 14- A Chinese consortium bought the Las Bambas copper mine in Peru from Glencore Xstrata for $6 billion, the high end of analysts' forecasts in China's biggest acquisition of a mine, showing the strength of its long-term need for copper.

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, April 14- "Unloved" was a word that popped up several times in relation to BHP Billiton's mooted plans to spin-off its non-core aluminium, nickel and manganese businesses.

  • BHP polishes up nickel unit as demerger talk swirls Thursday, 10 Apr 2014 | 10:00 PM ET

    *Could make it easier to find buyer for Nickel West division in Australia. SYDNEY, April 11- Breakthroughs in the way BHP Billiton processes nickel ores could help the world's biggest miner find a buyer for its ailing Nickel West division in Australia.

  • Investors who believe copper's recent price decline is limited to China are on the "path to ruin", warned Albert Edwards, Societe Generale's uber-bearish strategist.

  • Resources selloff may be overdone: Altair     Monday, 10 Mar 2014 | 12:43 AM ET

    Commenting on Monday's rout in Australian resources stocks due to poor\ Chinese trade data, Philip Parker, Chairman & CEO, Altair Investment Management, says the selloff may have been overdone.

  • Is BHP giving enough back to shareholders?     Monday, 17 Feb 2014 | 10:23 PM ET

    Mark Taylor, Senior Resources Analyst at Morningstar, says the firm's lower-than-expected dividend suggests that a buyback may be on the cards.

  • Yellen's remarks push gold to a 3-month high Tuesday, 11 Feb 2014 | 4:39 PM ET

    Janet Yellen's remarks hinting the Fed will continue to taper pushed gold to a 3-month high.

  • Peter Akerley, President & CEO of Canada-based Erdene Resource Development, says Mongolia has been making progress in terms of mining regulations.

  • Scott Maddock, Anlyst at Macquarie Private Portfolio Management, says he expects the iron ore market to remain strong, which should generate good returns for BHP Billiton shareholders

  • South African miners treated as 'slaves': Union head Monday, 20 Jan 2014 | 11:57 AM ET
    AMCU leader Joseph Mathunjwa addresses miners in August, 2013

    The president of South Africa's main trade union for platinum workers told CNBC that miners were treated like slaves, after ordering strikes that will start on Thursday.

  • Why it's time to turn bullish on miners Monday, 20 Jan 2014 | 3:49 AM ET
    Diamond mine in Mirny, Russia

    After four years of sector underperformance due to oversupply and a lack of demand, miners present a buying opportunity in 2014, analysts say.

  • Iron ore could be the gold of 2014: Pro     Monday, 6 Jan 2014 | 5:47 PM ET

    Warren Gilman, Chairman and CEO of CEF Holdings, says iron ore could fall as much as 30 percent this year.