TORONTO, March 24- Diversified U.S. mining and energy company Freeport-McMoRan Inc said on Tuesday it is slashing its quarterly dividend by 84 percent in response to the impact of lower commodity prices. The company is cutting its dividend to 5 cents a share from 31-1/ 4 cents a share/ The stock was off 2.7 percent to $18.80 in trading before the morning bell in New...» Read More
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.
Mark Taylor, Senior Resources Analyst at Morningstar, says the firm's lower-than-expected dividend suggests that a buyback may be on the cards.
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
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.
After four years of sector underperformance due to oversupply and a lack of demand, miners present a buying opportunity in 2014, analysts say.
Warren Gilman, Chairman and CEO of CEF Holdings, says iron ore could fall as much as 30 percent this year.
David Walker, Head of Equities Research, StocksInValue.com.au says 2014 won't be a standout year for stock valuations with slow growth in intrinsic value.
Andrew Forrest, Chairman of Fortescue Metals Group, explains how a combination of high capital expenditure and cost-cutting helped the firm to push through last year's drop in iron ore prices.
Ephrem Ravi, Head of Metals & Mining Sector, Asia Ex-Japan Equity Research at Barclays says investors should be cautious when investing in pure-play coal companies, with the expectation that the coal price will continue to decline.
Glencore Xstrata promised investors on Tuesday it would slash costs, shelve risky projects and squeeze more benefits from its $46 billion takeover of mining group Xstrata, lifting its target to at least $2 billion of synergies by next year.
After falling by almost 20 percent earlier this year, copper prices have rallied over the past two months, helped by an uptick in Chinese economic activity. However, analysts warn the rebound may be short-lived.
Falling demand from China will likely cause an oversupply in the copper market by the end of this year and could weigh on prices for the metal until 2016, the CEO of copper miner Antofagasta told CNBC on Tuesday.
Mining stocks slipped on Tuesday, as weak earnings from BHP Billiton and Glencore Xstrata sent the sector lower. Analysts said miners were now the cheapest they have been in 30 years, and were set to bounce back when interest rates begin rising.
Ephrem Ravi, Head of Metals & Mining Sector, Asia Ex-Japan Equity Research at Barclays explains why BHP Billiton is still his top pick in the diversified metals space, even after a sharp rally in recent months.
The mining sector in Zimbabwe is still uncertain territory, benefiting from ample platinum reserves and a discipline workforce, but weighed down by government policy and corruption.
A recovery in consumer sentiment in the United States presents attractive opportunities for diamond investors, Panmure Gordon mining analyst Alison Turner said on Monday.
Brad Partridge, Portfolio Manager at Macquarie Private Portfolio Management says he's concerned about expectations for short-term weakness in the resources sector, and that investors should wait for prices to come down before buying stocks.
Charles Leyland, Managing Director of Leyland Private Asset Management says the refinancing deal Billabong made with Altamont puts the surfwear retailer in a good position.