LONDON, May 3- European shares fell on Tuesday, with Commerzbank leading the market lower after a profit slump, while mining stocks weakened as they tracked a decline in metals prices. However, HSBC rose 2.9 percent after Europe's biggest bank reported a smaller than expected fall in its first-quarter profit. However, Britain's FTSE was flat after a public... » Read More
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.
Andrew Stewart, CEO of Xanadu Mines, discusses its flagship Kharmagtai copper-gold project in Mongolia.
Robert Brierley, head of Research at Patersons Securities, says China's Baosteel could be interested to take up a stake in Fortescue Metals so as to secure future supplies.
Tom Albanese, CEO of Vedanta Resources, explains why the metals and mining conglomerate hopes to resume iron ore mining in the province of Goa.
Speculation about Chinese investments in Fortescue Metals reinforces the fact that the iron ore sector remains "very strategic," says Tom Albanese, CEO of Vedanta Resources.
Bill Marmion, Western Australian Minister for Mines and Petroleum, says China's decision to help bankroll a major expansion by Brazilian iron ore giant Vale is a "smart move."
Bill Marmion, Western Australian Minister for Mines and Petroleum, says he welcomes all foreign investments in Western Australia. He also explains why the government doesn't support an iron ore inquiry.
David Lennox, resources analyst at Fat Prophets, explains why the Australian government may be in favor of Chinese companies lifting their stakes in Fortescue Metals.
Mario Longhi, CEO of United States Steel, says China is "dumping" steel due to over-production.
Tim Schroeders, fund manager at Pengana Capital, explains why he agrees with the Australian government's decision to walk away from an inquiry into the country's iron ore sector.
Mongolia and Rio Tinto have reached an agreement paving the way for work to resume on a stalled $5 billion underground copper mine.
Negative sentiment remains in the iron ore markets due to expectations of more supply coming, says Annalisa Jeffries, associate editorial director, Asia Metals at Platts.
As BHP Billiton's spin-off begins trading, investors are eyeing the battered mining sector for longer-term opportunities.
BHP Billiton's spin-off South32 debuted near the bottom of expectations as investors awarded only a small premium to the new listing.
Gaurav Sodhi, resources analyst at Intelligent Investor, explains why shares of South32 look interesting at current prices.
Jonathan Barratt, chief investment officer at Ayers Alliance Securities, says investors may be "rewarded quite nicely" with South32, which is a diverse company that has a well-structured balance sheet.
Mark Taylor, senior resources analyst at Morningstar, expects a positive open for BHP Billiton's new entity South32 when it makes its market debut in Australia on Monday.
The federal budget failed to meet the government's target of bringing down the budget deficit and lacks a long-term plan for jobs growth, says Chris Bowen, Shadow Treasurer of Australia.
Peter Chen, lecturer in Politics & Public Policy at Department of Government and International Relations at the University of Sydney, explains why Australia's 2015 budget is a "political budget."
Australia unveiled its federal budget late Tuesday, delivering tax breaks for small businesses while pledging to return to surplus. CNBC's Matthew Taylor reports.