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  • 'Catastrophic bad timing' for Rinehart: Pro Tuesday, 17 Mar 2015 | 11:45 PM ET
    'Catastrophic bad timing' for Rinehart: Pro

    Joe Magyer, senior analyst at the Motley Fool, discusses news that billionaire mining heiress Gina Rinehart will start developing the $10 billion Roy Hill mine in Pilbara.

  • LAUNCESTON, Australia, March 18- Should there be a debate about the efficiency and transparency of Asian's main thermal coal price indicator, the Newcastle index? The Newcastle weekly index, which underpins physical and paper trading, has jumped around this year, gaining almost 21 percent between a six-year low on Jan. 9 and a 2015 peak of $73.70 a tonne on Feb. 27.

  • SYDNEY/ NEW YORK, March 18- Fortescue Metals Group Ltd, the world's fourth-largest iron ore miner, has pulled a $2.5 billion high-yield bond issue after a weak response from investors worried about tumbling iron ore prices. Fortescue, which had net debt of $7.5 billion at Dec. 31, had been looking to push out any debt repayments by up to four years to 2021 and cut its...

  • NEW YORK/ SYDNEY, March 18- Fortescue Metals Group Ltd, the world's fourth-largest iron ore miner, has pulled a $2.5 billion high-yield bond issue after a weak response from investors who were concerned about a sharp drop in iron ore prices. Investment banks Credit Suisse and JP Morgan, lead managers for the issue, had first tried to arrange refinance for Fortescue...

  • March 17- Molycorp Inc lost about a third of its market value on Tuesday after its auditor raised "substantial doubt" about the rare earths miner's ability to stay in business, putting the United States' only domestic supply of the technology metals at risk. "We have incurred, and continue to incur, operating losses," Molycorp said in its annual report.

  • *South32 net debt at $674 mln, well below forecasts. *Net assets $12.95 bln, based on book value. MELBOURNE/ LONDON, March 17- BHP Billiton said a proposed $13 billion spinoff of South32 would give the world's biggest miner a strong chance to ride out tough conditions in commodity markets and was a more attractive option than an asset sale.

  • PRECIOUS-Gold hits 4-month low ahead of Fed meeting Tuesday, 17 Mar 2015 | 10:47 AM ET

    *Platinum- gold spread at around $50/ oz. LONDON, March 17- Gold fell to a four-month low on Tuesday on investor jitters ahead of a Federal Reserve policy meeting that may offer further clues to support expectations of a mid-2015 rise in U.S. interest rates. Spot gold fell as low as $1,142.86 an ounce in earlier trade, its lowest since Nov. 7, and was down 0.5 percent at...

  • LONDON, March 17- A 15 percent rally in European shares this year has driven valuations to seven-year highs, leading investors to seek whatever bargains are left in distressed sectors such as banks and mining. The rally, fuelled by the European Central Bank's asset-purchase progamme, has pushed the average price-to-book multiple on the STOXX Europe 600 index...

  • LONDON, March 17- Whatever happened to zinc? The London Metal Exchange price for three-month delivery has, however, been falling steadily since the heady days of last September when it was trading above $2,400 per tonne. Of course zinc has been buffeted by the same headwinds as the other LME-traded base metals, namely dollar strength and uncertainty about the...

  • *Gold steady, not far above 3- month low. *Platinum- gold spread at nearly $53/ oz. LONDON, March 17- Gold steadied above $1,150 an ounce on Tuesday, as the dollar fell against the euro ahead of a Federal Reserve policy meeting that may offer further clues to support expectations of a mid-2015 rise in U.S. interest rates.

  • *Platinum falls to lowest since July 2009. *Platinum- gold spread at nearly $53/ oz. SINGAPORE, March 17- Platinum tumbled to a 5-1/ 2- year low on Tuesday as the combination of a stronger dollar, weaker gold prices and improving supply took a toll on prices.

  • Shareholders will be in favor of South32: Pro Monday, 16 Mar 2015 | 11:23 PM ET
    Shareholders will be in favor of South32: Pro

    Sean Fenton, director & portfolio manager at Tribeca Investment Partners, explains why shareholders will likely vote in favor of BHP Billiton's planned South32 spin-off.

  • SINGAPORE, March 17- Coal futures dropped to 9- year lows this week after a short-lived rally earlier in the year, forcing many miners to produce at a loss. Following a 10- percent rally in January and February towards $65 a tonne, API2 2015 coal futures fell below $58 a tonne for the first time since January 2006 in their last settlement. Markets are now almost 60...

  • SINGAPORE, March 17- Gold prices hovered close to their lowest in over three months on Tuesday as traders waited for this week's Federal Reserve policy meeting to gauge the timing of an U.S. rate hike, while platinum stood near its lowest in 5-1/ 2 years. Spot gold had edged up 0.1 percent to $1,154.96 an ounce by 0043 GMT, close to last week's levels of $1,147.10, the...

  • *Antofagasta says Pelambres copper mine in Chile may close. That, plus questions over China's economic growth after comments by Premier Li at the weekend added headwinds to copper, said analyst Joel Crane of Morgan Stanley in Melbourne. Premier Li Keqiang, addressing a news conference, vowed to keep China's economy growing at a reasonable speed, even as he...

  • NEW YORK/ LONDON, March 13- Gold pared early gains on Friday, on track to break a nine-day streak lower despite the dollar's extended rally as the precious metal market appeared reluctant to extend losses ahead of the U.S. It looks like it's trying to find itself, "said Teddy Sloup, senior market strategist for iiTrader in Chicago. Gold has taken a beating since a...

  • LONDON, March 13- Visible copper stocks are surging higher. Those registered with the Shanghai Futures Exchange jumped again this week to 241,616 tonnes. They are now up by 136,000 tonnes since the start of January and close to the record high of 247,591 tonnes seen in March 2013.

  • TORONTO, March 12- Technology companies look set to supplant energy and mining firms as the driver of Canadian initial public offerings this year as global optimism about tech startups boosts valuations and spurs early investors to cash out. "In the next 12 to 24 months, you're going to finally see the most significant volume of Canadian tech IPOs you've seen in...

  • *Spot copper demand in China recovers only marginally-traders. LONDON, March 12- Copper prices hit their highest in more than a week on Thursday after upbeat lending data from China calmed fears about metals demand and triggered short-covering while a dip in the dollar also offered support. "We'd had a bit of a breather in the dollar and that's lending a bit of...

  • SAO PAULO, March 12- Brazilian steelmaker Cia Siderurgica Nacional SA expects to double its sales on the U.S. market in 2015 to 600,000 tonnes with the help of a stronger dollar, the company's head of sales said on Thursday. Brazil's currency, the real, has weakened nearly 17 percent against the dollar so far in 2015 and is trading near 11- year lows.