Dec 4- Barrick Gold Corp, under fire for missteps in a tough market, started to address investor demands for a more independent board on Wednesday, by replacing two directors close to its departing founder with a pair of mining industry experts.» Read More
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.
How many times would you have made money in this copper trade over the past 40 years?
Stephen Hogan, Senior Private Client Adviser, Equities/Derivatives, Novus Capital says risk assets should rally in the coming months. He says it's a good time to add some exposure to stocks like BHP Billiton and Rio Tinto.
Investment committed to Australian resource projects rose by nearly A$8 billion in the six months to the end of October, while the number of projects declined, in part underscoring rising construction and labor costs in Australia's resources sector amid weakening demand.
Japan has a miserable future ahead of it without radical changes to the business climate, the former chief executive of camera and medical equipment maker Olympus has told CNBC.
Mulberry won the prestigious British Luxury Brand of the Year at the Walpole Awards for Excellence, in association with Coutts, on Monday, beating out stiff competition from Alexander McQueen, Burberry, Harrods and Stella McCartney.
BHP Billiton has quietly started looking for a successor to Marius Kloppers, chief executive, in what could herald a further shake-up in the leadership of the global mining industry following a five-year period of stability. The FT reports.
Physical demand for gold from Asian consumers may be showing some modest signs of stabilization but the buying interest so common at this time of year during religious festivals and the wedding season still won't be strong enough to lift prices above $1,800 an ounce, strategists said.
‘Superstorm’ Sandy is set to inflict a negative hit on demand for crude oil as U.S. East Coast refineries come to a standstill, but BP’s Chief Executive Bob Dudley has told CNBC that oil firms are set to bounce back quickly.
After a slump in third-quarter earnings, Richard Adkerson, Freeport McMoran Copper & Gold CEO, told CNBC’s "Closing Bell" on Monday, he’s still optimistic about his business and copper fundamentals longer-term.
Andrew Dale, head of resources research, Asia, Macquarie says there hasn't been a big cut back in investments by global mining companies despite slowing growth.
Karl Smich, CEO of Sandfire Resources said his company is already selling China material from its DeGrussa Mine which will be commissioned next month. He added that the mine is on track to start full production next year.
Gita Wirjawan, Trade Minister of Indonesia says long term investors continue to look at Indonesia despite the controversial tax, stating that investment realizations grew by 30% in Q2.
The Australian Federal Government is facing one of its biggest fights over its controversial mining tax, after one of the country’s biggest iron ore miners lodged a challenge against the High Court against the legislation.
To find out, Cramer interviewed CEO Jeff Bradley.
Jim Dwyer, Executive Director, Business Council of Mongolia says that the Mongolian government should not pass the draft foreign investment law in haste.
Investors have been spooked in recent weeks by a slowdown in growth in China and the impact that could have on Australia's resources sector. But according to one economist, Australia's commodities sector will continue to do well and could actually benefit from a pick-up in economic growth in Asia in the second half of 2012.
Roger Montgomery, CEO, Montgomery Investment Management discusses his preference for stocks in the industrial sector rather than the resources sector. He predicts a sharp drop in commodity prices such as iron ore. Paul Bloxham, Chief Economist for Australia & NZ, HSBC joins in the conversation.
Alexander Molyneux, President & CEO, SouthGobi Resources, says the company's board has not formed a view about Chalco's takeover of Ivanhoe's stake in SouthGobi. He explains why SouthGobi will benefit from the deal if it happens.
Wayne Philips was not completely surprised when Onesteel announced plans to close its oil and gas pipe mill in Kembla Grange, 100km south of Sydney, the FT reports.