SYDNEY, Sept 19- Australia's miners face tough times amid a meteoric fall in the price of their cash cow, iron ore, but there are plenty of reasons to believe the rest of the economy can weather the storm and perhaps even profit from it.» Read More
With the S&P 500 reaching new records and flirting with 1,700, data show it to be a broad-based move, with all 10 S&P sectors close to 52-week highs.
Cyclicals are heating up as the summer approaches and the economy starts to show signs of improvement, analysts say.
Materials have lagged all year, but one option trader is betting that the sector will go from worst to first.
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.
The massive plant explosion in Texas could be beneficial in the long-term to some fertilizer companies, Citigroup said in a research note on Thursday.
Codelco, the world's #1 copper producer, is losing a "relevant" amount of output due to a two-day-old strike at its Radomiro Tomic open pit mine in northern Chile, the company said on Sunday, branding the work stoppage illegal.
Oleg Deripaska, the CEO of the world's largest aluminum company Rusal said global commodity producers need to cut output by up to 10 percent.
China's plans to unlock what could be the world's biggest shale gas reserves risk running further off track after 16 firms recently awarded exploration rights lacked one core skill - not one has drilled a gas well before.
Global miner BHP Billiton appointed the head of its non-ferrous business as its new chief executive on Wednesday to replace Marius Kloppers.
New York City Mayor Bloomberg wants to ban styrofoam cups and containers, reports CNBC's Courtney Reagan.
Australian mining-to-retail conglomerate Wesfarmers on Wednesday cut its full-year coal sales forecast, citing flooding in Australia and weak demand in Asia that is depressing sales prices.
Nat Rothschild, Co-founder of Bumi stepped up the bitter battle for control of the Indonesia-focused miner, attacking both the board for its inaction and CEO Nick von Schirnding for "embellishing his CV."
For all the doomsayers predicting an end to its mining boom, Australia is pumping out more metal, coal and gas thanks to a investment bonanza that will peak this year, boosting exports needed to extend a jaw-dropping 21-year run of economic growth.
BHP Billiton, the world's biggest mining company, boosted its iron ore output by 3 percent in the December quarter, as it races to supply more of the raw material to Chinese steelmakers despite signs of a softening market.
Mining firms including BHP Billiton and Anglo American are likely to follow Rio Tinto's lead in writing down underperforming assets by as much as $10 billion, as low prices and rising costs eat into valuations.
Platinum rose to a three-month high on Tuesday, rallying for a sixth straight session as funds bought heavily due to a mine labor crisis in South Africa that sparked supply fears.
China's harshest winter in nearly three decades has hit iron ore output and driven up prices just as demand from steel mills revives in a resurgent economy. Imports are at record levels.
Steelmaker ArcelorMittal raised a bigger-than-expected $4 billion in a share and convertible notes offering, it said on Thursday, to fix its debt-laden balance sheet.
Iron ore exports to China from Australia's Port Hedland, a bellwether for Chinese industrial activity, surged 25 percent in December from the previous month to a record level, shipping data showed.
U.S. executives largely panned the congressional deal to steer America away from the "fiscal cliff," saying Washington wasted an opportunity to address the nation's debt.
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