Some of the names on the move ahead of the open.» Read More
Iron ore prices have dived this year and there's no respite ahead for the metal, according to Citi, which forecasts double-digit declines in 2015.
TORONTO, Nov 10- Global mining companies stung by slumping commodity prices are looking forward to a modest consolation prize- weaker local currencies and falling oil prices that will help trim their costs. "It's definitely a silver lining," said Chris Mancini, analyst at Gabelli Gold Fund. Agnico Eagle Mines Ltd, which produces two-thirds of its gold in Canada,...
The Commerce Department's approvals to Pioneer Natural Resources Co and Enterprise Product Partners LP this year were issued as private letters, which makes it hard for other drillers to discern exactly what petroleum the government considers legal. Products, unlike crude, are exempt from the ban that Congress passed after the Arab oil embargo of the 1970 s.
SINGAPORE, Nov 6- Asian buyers of condensate said they would be wary of taking cargoes of the ultra-light oil that BHP Billiton Ltd plans to export from the Gulf of Mexico without explicit approval from the U.S. government. South Korea's GS Caltex and Japan's Cosmo Oil Co were the first Asian refiners to buy U.S. condensate after the United States relaxed a 40- year...
RIO DE JANEIRO, Oct 30- Vale posted a surprise $1.44 billion loss, and its shares tumbled to a 5-1/ 2- year low as investors worried about the cost of the Brazilian miner's expansion plans and a possible cut to its dividend in a new era of lower iron ore prices. Vale SA cited low iron ore prices and a weak local currency for the third-quarter loss. Vale is attempting to...
Rio Tinto said a strong third quarter and productivity gains led to a 12 percent rise in iron ore production as price volatility persists.
The mooted takeover of mining giant Rio Tinto by upstart Glencore may, in the way of other mining mergers, never happen.
Some of Monday's midday movers.
Traders are also watching Brazil after its election surprise.
BHP Billiton aims to cut its iron ore production costs by more than 25 percent and squeeze more tons from its mines as it aims to overtake Rio Tinto.
BHP Billiton freezes pay for its executives and management team, as the downturn across the mining sector continues. The Financial Times reports.
Iron ore prices continue to drop, leaving investors with a key question: how much worse will things get before they improve?
Plans by top iron ore miners to knock out high-cost rivals with a flood of cheap ore have had some success, but are meeting resistance in China.
Stocks fall across the globe amid growth fears. Commodities and emerging markets are among the biggest losers.
The theory is that Alibaba is such a gigantic offering that it is reducing interest in other IPOs anywhere on or near the horizon.
SINGAPORE/ TOKYO, Sept 5- Tests on samples of the same type of U.S. condensate now heading to South Korea and Japan have raised questions about the ultra-light crude's suitability for use in Asia, sources said, making some potential buyers wary about taking the oil.
Some of Thursday's midday movers:
Asian indices painted a mixed trading picture on Monday after a gathering of central bankers failed to give any clues about interest rates.
Some of the names on the move ahead of the open.
Wall Street's upbeat performance overnight, helped by a subside in geopolitical tensions, elevated Asian bourses to fresh closing highs on Tuesday.