SYDNEY— Mining company Rio Tinto said Thursday it suffered a loss of $866 million in 2015 as deteriorating economic conditions around the world pressured prices of commodities such as iron ore and coal. The Australian mining giant on Thursday reported that 2015 revenue slumped to $34.8 billion from $47.6 billion the year before. Rio said it will reduce...» Read More
David Hand, managing director at Newport Consulting, discusses the findings of its latest report which showed Australia's mining sector adjusting to tough market conditions.
Paul Renken, chief geologist and mining analyst for VSA Capital, discusses the commodity price rout and the falling price of gold.
Marc Elliott, mining analyst at Investec, discusses the job cuts at Lonmin and other mining companies, as commodity prices, hit record lows.
One of the world's largest miners, Anglo American maintained its interim dividend on Friday as a deep sell-off in metals hurt its first half profit.
Mark Cutifani, CEO of Anglo American, says job cuts are necessary to ensure the company stays competitive in a tough market.
Elias Haddad, senior currency strategist at Commonwealth Bank, attributes the New Zealand dollar's relief rally to factors such as positioning adjustments and a tweak in the central bank's policy statement.
Gaurav Sodhi, senior analyst at Intelligent Investor, analyzes the production reports of gold producer Newcrest Mining and iron ore miner Fortescue Metals.
Ben Jarman, senior economist at JP Morgan, says consumer prices down under could be strong in the second quarter due to an "intense rebound" in petrol prices.
A group calls on regulators to create nature preserves on the bottom of the ocean to counterbalance the effects of deep-sea mining.
The dramatic plunge in Chinese equity prices has hit base metals hard, with prices subdued after Tuesday's tumble.
David Flanagan, managing director of Atlas Iron, discusses the state of the company after shareholders voted in favor of a $180 million capital raising and outlines when it will return to full production.
With the Fed keeping rates low, gold is finding upside.
The price of aluminum is set to pick up thanks to the recovery in the global economy, according to the chief executive of Rusal.
Tom Albanese, CEO of Vedanta, says the deal is a response to investor calls for a simplified structure, and positions the firm as a diverfied major.
Christopher Darby, managing director and CEO of Valence, introduces the properties of graphene which will be a fundamental material for the next generation of electronics.
Nautilus Minerals wants to be the world's first deep-sea miner, and says the ocean floor is the safest place to get needed minerals.
Rumors that Molycorp may seek bankruptcy protection sent its shares plummeting last week.
Sean Fenton, portfolio manager at Tribeca Investment Partners, explains why he remains cautious on Australia despite an upbeat gross domestic product for the first quarter.
Annette Beacher, head of Economic Research at TD Securities and David Walker, senior analyst at StocksInValue.com.au, discuss their expectations for the Reserve Bank of Australia's policy decision and outline trading strategies.
Warren Gilman, chairman & CEO of CEF Holdings, expects prices of iron ore to be beaten down soon, as demand remains "ok to sluggish" amid a supply glut.