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
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.
As Leighton Holdings returns to profit in 2012, CEO Hamish Tyrwhitt tells CNBC why Australia's mining slowdown doesn't bother the firm thanks to rising commodity and infrastructure demand in Asia.
Paul Trainor, Senior Portfolio Manager at Macquarie Private Portfolio Management says money could start flowing into the iron ore sector in the short term, as companies continue to work on cost reductions.
Rio Tinto, the mining giant, was in turmoil Thursday morning after the abrupt departure of its chief executive and the announcement of a $14 billion writedown.