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
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.
The market for iron ore "remains incredibly positive," Patrick Loftus-Hills, managing director of Metals & Mining, Moelis, told CNBC. "I think the supply-demand fundamentals would suggest that investing in iron ore right now is exactly where you want to be investing."
A California company can pull lithium, and other critical metals, out of the effluent water of geothermal power plants, removing the need to drill or blast for new resources the way miners typically do.
Martin Ferguson, Resources Minister of Australia discusses the merits of Australia's mining tax and why it will not slow down investment.
John Lee, CEO of Prophecy Platinum, explains he's bullish on platinum.
Greg Fraser, senior industrials analyst at Fat Prophets, advises investors to take advantage of dips to buy quality defensive and diversified mining stocks in Australia.
Chinese companies and investors are stepping up their purchases of industrial commodities such as copper, in a show of confidence in the global economy that stands in contrast to the turmoil in western markets. The FT reports.
From physical coins to futures, options, and ETFs -- reporter Bob Pisani breaks down the how and where to invest in gold.
Global miner Rio Tinto's profit missed forecasts in the first half, because of rising costs and adverse currency movements. Chief Executive Tom Albanese discussed the results in a CNBC interview.
The discovery of huge deposits of so-called 'rare earth' minerals, used in high technology products, on the Pacific sea floor should ease long-term supply constraints and end a Chinese monopoly, which had been causing strategic concerns in the West, analysts said.
A $230 million refinery being built here in an effort to break China’s global chokehold on rare earth metals is plagued by environmentally hazardous construction and design problems, according to internal memos and current and former engineers on the project.
Commodity prices may have recovered slightly from last week's sharp selloff but the downtrend is likely to stay in place for the next few months, warned analysts.
Molycorp is ready to buy other rare earth mining companies should the opportunity arise, said Chief Executive Mark Smith told CNBC Wednesday.
Rare earth prices are reaching rarefied heights. World prices have doubled in the last four months for rare earths — metallic elements needed for many of the most sophisticated civilian and military technologies, whether smartphones or smart bombs.
The global uranium industry, crippled by the March 11 earthquake and Tsunami in Japan, is now beginning to come out of the shock. Investors, who were earlier sitting on the sidelines, have re-entered the market to look for bargains.
Miners have started to protect themselves against a fall in the price of copper as the metal’s rally, which only a few months ago looked unstoppable, has hit a wall, the Financial Times reports.