Materials and Metals Metals and Mining

  • SANTIAGO, April 5- Chile- based copper miner Antofagasta Minerals will focus this year on lowering costs and protecting its margins, but would look at potential acquisitions if attractive mines came on the market, its chief executive said. Antofagasta bought a 50 percent stake in Barrick Gold's Zaldivar copper mine in Chile for $1 billion in cash in July last...

  • LONDON, April 5- Support for Britain to stay in the European Union rose in the last month, suggesting a crisis in the steel industry and attacks in Brussels have not boosted the campaign for an exit, according to an ORB poll for the Daily Telegraph. Support for the "In" campaign was up by four percentage points compared to a similar poll carried out last month, which the...

  • *Sale will allow Vale to focus on core mining businesses. SAO PAULO/ FRANKFURT, April 5- Brazilian miner Vale SA has agreed to sell its 27 percent stake in the struggling CSA steel plant to Germany's Thyssenkrupp for a token sum, the two parties said, confirming a Reuters report from Friday. Thyssenkrupp will become the 100 percent owner and have a free hand to do what...

  • TOKYO, April 5- Japan's crude steel output for April-June will fall 2.4 percent from a year earlier to the lowest for the quarter in seven years, the government said on Tuesday. That would come as the latest in a series of signals of economic slowdown, clouding the outlook for Prime Minister Shinzo Abe's drive to reflate the economy and spurring calls for more...

  • SYDNEY, April 5- Iron ore shipments to China from Australia's Port Hedland, used by miners such as BHP Billiton, rose nearly 12 percent in March, data showed on Tuesday. Exports to China from the port- the world's largest of its kind- reached 32.59 million tonnes in March, up from the 29.14 million tonnes in February, Pilbara Port authority figures showed.

  • China

    Fitch ratings' Laura Zhai says China miners grew rapidly with short-term debt, which in this poor operating environment increases liquidity and default risks.

  • Sajid Javid,  financial secretary to the U.K. treasury.

    U.K. Business Secretary Sajid Javid is to head to India on Tuesday to meet Tata chairman Cyrus Mistry, the Financial Times reports.

  • SAO PAULO, April 4- Brazilian miner Vale SA said on Monday it will sell its entire 26.87 percent stake in the struggling CSA steel plant to Germany's ThyssenKrupp for a token value, in a bid to focus on core mining businesses with commodity prices at historic lows. The CSA plant cost $10 billion to build and was Brazil's most expensive ever foreign investment...

  • SAO PAULO, April 4- Brazilian miner Vale SA said on Monday it will sell its entire 26.87 percent stake in the CSA steel plant to Germany's Thyssenkrupp for a token value, in a bid to focus on its core mining businesses with commodity prices at historic lows.

  • April 4- Canadian gold miner Torex Gold Resources Inc said on Monday it was suspending operations at a mine in Mexico due to a blockade by three families demanding payments alleging environmental damages. "The authorities have been actively involved in resolving the situation and we hope that their efforts are successful soon," Chief Executive Fred Stanford...

  • *Fortescue to let Downer EDI service contract expire. Fortescue said it would take over operations at its Christmas Creek mine in Western Australia once its outsourcing contract with Downer expires in September. "Adoption of an owner-operator model will further reduce Fortescue's costs through ongoing improvement of the efficiency and productivity of...

  • SYDNEY, April 4- Australia's Fortescue Metals Group Ltd said on Monday it would take over operations at its Christmas Creek mine from September, after an outsourcing contract expires with mining services company Downer EDI Ltd. "Adoption of an owner-operator model will further reduce Fortescue's costs through ongoing improvement of the efficiency and...

  • Central banks impact on Gold

    Chris Powell from the Gold Anti-Trust Action Committee argues that central banks are intervening in gold markets in a bid to keep prices down.

  • Miners: Where the value lies

    Libra Investment Services founding partner Rob McCreery explains why he’s not reluctant to get involved in mining stocks, despite uncertainty in global markets.

  • Vapor rises above Tata Steel's plant in Port Talbot, south Wales, on January 18, 2016.

    A steelmaking crisis gripping the U.K. has led analysts to question the long term viability of the industry in the country.

  • What USD moves tell us about commodities

    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.”

  • Gold prices in process of bottoming out: BAML

    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.

  • Commodities in the last quarter

    CNBC looks back at how commodity markets moved in the last quarter.

  • Gold rally is a 'marathon, not a sprint'

    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 economy outlook

    Australia's four big banks actually have very little exposure to the mining sector, says Senior Portfolio Manager with Aurora Funds Management