LONDON, Aug 20- Commodities group Glencore became the first of the large miners to honor promises to return cash to shareholders, announcing a share buyback program of up to $1 billion as it reported forecast-beating first-half profit.» Read More
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.
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.