March 31- Peabody Energy Corp, the largest U.S. coal producer, said it would lay off about 235 employees at a mine in the Powder River basin, two weeks after the company flagged bankruptcy risk. The reductions affect about 15 percent of the workforce at the North Antelope Rochelle mine in the basin which straddles Montana and Wyoming, the company said on Thursday.
*Comes at a time when China facing anti-dumping complaints. BEIJING/ SHANGHAI, March 31- China's top listed steelmaker Baosteel expects output this year to rise about 20 percent, even as the country steps up efforts to slash a huge overcapacity that has boosted cheap exports and caused some producers elsewhere to shut. "Of course China is the epicentre where...
LONDON, March 31- British Prime Minister David Cameron will hold an emergency meeting to tackle the crisis hitting the country's steel industry on Thursday after India's Tata Steel said it would pull out, putting thousands of jobs at risk. The move leaves 15,000 workers at plants including the country's largest steel works in Port Talbot, south Wales, facing an...
SYDNEY, March 31- Movie making has joined pursuits such as egg farming, the growing of medical marijuana and beauty products as another way for struggling mining companies to weather one of the industry's worst downturns in decades. Artemis this week signed a contract with independent production company Go2Sho Inc to help finance "Tango Down," a military action...
Michael Widmer, metals strategist at Bank of America Merrill Lynch, discusses how central banks have an influence on the gold price, and where the commodity is heading.
Jeremy Wrathall, head of global natural resources at Investec, says if you correlate commodity prices relative to the U.S. dollar it’s almost a “perfect inverse correlation.”
CNBC looks back at how commodity markets moved in the last quarter.
BEIJING/ SHANGHAI, March 31- China's top listed steelmaker Baoshan Iron and Steel Co. Ltd expects its total output to rise about 20 percent in 2016, even as the country steps up efforts to slash a massive capacity glut amid a rise in anti-dumping complaints. Total steel capacity in China is estimated at around 1.2 billion tonnes and is expected to further...
SHANGHAI, March 31- China's top listed steelmaker Baoshan Iron and Steel Co. Ltd said its total output will rise about 20 percent in 2016, even as the government steps up efforts to cut capacity amid a rise in anti-dumping complaints. Total steel capacity in China is currently estimated at around 1.2 billion tonnes and that is expected to further increase this...
Brandon Wendell from Online Trading Academy argues that Goldman's bearish case for gold is incorrect and sees an upside target of $1,387 per ounce.
Australia's four big banks actually have very little exposure to the mining sector, says Senior Portfolio Manager with Aurora Funds Management
Expect the Fed to keep policy easy as global growth is set to slow, building a bullish case for gold, says Rosland Capital's Jeffrey Nichols.
Britain's once-mighty steel industry looked in dire straits Wednesday with politicians and union leaders calling for state intervention.
Paul Renken, chief geologist and mining analyst at VSA Capital, says now is the time for bottom-fishing for those who want mining stocks.
The British steel industry suffered a blow as Tata confirmed fears that it was about to put its UK business up for sale, reports the Financial Times.
The "Fast Money" traders give their final trades of the day.
The resource sector is seeing signs of recovery, but investment bank Goldman Sachs is still underweight on the segment's stocks.
CNBC's Melissa Lee and Dominic Chu look at the close in gold prices and the effect on mining stocks.
Andrew Forrest, chairman of Fortescue Metals Group, praises the volume of growth of the Chinese economy.
An iron ore oversupply still needs to "work through the system," Fortescue chairman Andrew Forrest warned.