SANTIAGO, Sept 2- Arizona- based mining company Freeport-McMoRan Inc said on Wednesday it was dismissing some 650 workers at its El Abra copper mine in Chile and partially suspending operations at the complex until mid-September as it cuts mining rates in half. Last week, Freeport, which owns a 51 percent stake in the mine in northern Chile, became one of the first...» Read More
About 40 masked attackers raided a disputed gold-mining project in northern Greece early on Sunday, setting fire to machinery and lightly injuring four security guards, police said.
Lee Downham, mining and metals transactions at Ernst & Young, says deal activity in mining & metals is set to recover in 2013, financed by private equity.
Australian Treasurer Wayne Swan dismissed talk of a 'currency war' at the G-20 meetings and tells CNBC's Steve Sedgwick how the strong Aussie dollar is affecting the local economy.
Global miner Anglo American posted a sharp drop in 2012 earnings, hit by tumbling earnings from all core units and writedowns to the value of its troubled platinum assets and the flagship Minas Rio iron ore project in Brazil.
Jonathan Barratt, Founder, Barratt's Bulletin discusses if Rio Tinto's cost-cuts are achievable. He explains why $64 and below is a good buying point for Rio's stock.
Sam Walsh, CEO of Rio Tinto, tells CNBC that the company plans to embark on aggressive cost cutting measures, aiming to reduce its total costs by $5 billion by the end of 2014
Leighton Holdings has attributed its return to growth on a re-focus on different Asian growth regions, after the China slowdown hit Australia's largest construction company hard last year.
Is the bullish price action in platinum a sign of growth or simply a shortage of a rare metal?
The price of gold may have stalled in recent weeks with fears that loose monetary policy at the Federal Reserve could come to an end, but one analyst told CNBC that the precious metal is set for a good rally this year regardless of whether inflation occurs or not.
Nathaniel Rothschild, founder of NR Investments, tells CNBC that he has no personal agenda whatsoever and his only interest is recovering the money that minority shareholders lost at Bumi.
Samin Tan, chairman of Bumi PLC, tells CNBC that if Nathaniel Rothschild wins the coming EGM there will be years of litigation among various parties that will further destroy the value of Bumi.
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."
POSCO, the world's No.5 steelmaker by output, reported a 51 percent slump in quarterly operating profit as tepid demand and falling prices offset lower raw material costs helped by a firmer local currency.
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.
Mike Brown, CEO of Nedbank Group one of the largest lenders to South Africa's mining industry, talks to CNBC about the fallout from unrest in South African mines.
David Einhorn's Greenlight Capital had a 2012 return of 7.9 percent, and a loss of 4.9 percent. CNBC's Herb Greenberg, offers insight.
CNBC's Sharon Epperson reports on the metal markets close for the day, saying the progress in the talks on the U.S. debt limit has reduced gold's appeal as a safe haven.
CNBC's Kate Kelly reports David Einhorn of Greenlight Capital told investors shorts in iron ore miners hurt the results, not Herbalife.
Hamish Tyrwhitt, CEO of Leighton Holdings, Australia's largest construction company, tells CNBC that the demand for volume in mining remains and they see a doubling of energy demand over the next decade.