TORONTO, Dec 3- Rio Tinto Plc's re-commitment to diamonds with a $350 million Canadian mine expansion has highlighted the prospects for a handful of smaller players boasting one of the sector's rarest commodities- new mines. Global consumer demand for diamond jewelry is forecast to grow at 4 to 5 percent annually, to $31 billion in 2018 from $25 billion last year,...» Read More
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.
Australia's government moved on Tuesday to scrap its carbon tax and bring forward an emissions trading scheme a year earlier than planned.
Copper has taken a beating in recent months, along with gold and other commodities. Now, analysts warn there is more pain ahead for the red metal.
A record deficit in platinum supplies is set to push prices higher, as unrest sweeps the South African mining industry and demand is boosted by the auto sector and a new exchange traded fund.
Sipho Nkosi, CEO of South African miner Exxaro, says the weakness of the rand is a double-edged sword.
Resource funds have had a tough run so far this year, but diamond miners have managed to emerge relatively unscathed, with many stocks surging this year.
Stephen Hogan of Novus Capital recommends picking up some BHP Billiton shares instead of leaving cash on the sidelines.
Copper's downward trend foreshadows a stock market collapse, according to Societe Generale's bearish strategist Albert Edwards, who said equity markets will riot "Japan-style."
After years of on-off talks, Glencore's head Ivan Glasenberg gets to complete the $30 billion acquisition of Xstrata on Thursday, the mining industry's biggest takeover yet.
Brad Partridge, Portfolio Manager at Macquarie Private Portfolio Management says the way the market deals with Rio Tinto's huge iron ore production expansion is key to the direction of its shares.
Philip Parker, CIO at Parker Asset Management says this is a good time for investors to start getting back into the diversified miners. He says their exposure to Asian growth is a big draw and he prefers BHP Billiton over Rio Tinto.
Shares in Australia's Sundance Resources plunged 53 percent to a four-year low after the Africa-focused miner terminated a $1.4 billion takeover by private Chinese firm Hanlong Group.
Nev Power, CEO of Fortescue Metals tells CNBC why doesn't expect a drastic increase in new iron-ore supplies. He thinks prices will stay up in the long-term on stabilizing Chinese demand.
Chilean Miner Antofagasta will continue to focus on controlling its costs, including power and labor charges, as falling demand from China could lead to a further drop in copper prices.
CNBC's Adam Bakhtiar looks at shares of Hong-Kong listed Rusal for the daily 'Stock in 60' segment after the world's largest aluminum producer reported a 63% fall in 2012 EBITDA.
Renewed unease about sovereign and regulatory risk in Mongolia - triggered by a dispute between the government and mining giant Rio Tinto over the Oyu Tolgoi copper and gold project - is on the rise but shouldn't erode confidence among longer term investors in the mineral-rich nation.
Molycorp is delaying its quarterly results and annual report as it has yet to determine the size of a goodwill impairment charge it will have to book in the fourth quarter, it said on Thursday.
Chris Stott, Portfolio Manager at Wilson Asset Management says diversified miners will lead the rally on the Australian market this year. He adds that Rio Tinto is a turnaround story, and a good way to play the mining cycle over the next 12 months.