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Materials and Metals Metals and Mining

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  • Australia Floods Cast Pall Over Wesfarmers Outlook Tuesday, 29 Jan 2013 | 9:55 PM ET
    Coal Mining: Very Risky Business

    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.

  • A Mining CEO, a Family Scion, and a Resume Spat Tuesday, 29 Jan 2013 | 5:25 AM ET
    Financier Nat Rothschild

    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 Profit Slumps, Warns of 10% Cut in 2013 Sales Tuesday, 29 Jan 2013 | 3:01 AM ET
    POSCO headquarters in Seoul, South Korea.

    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.

  • Nedbank CEO: We Haven't Been Affected By Mining Unrest

    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.

  • Greenlight Capital Posted Q4 Loss of 4.9% Wednesday, 23 Jan 2013 | 2:26 PM ET
    Greenlight Capital Posted Q4 Loss of 4.9%

    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.

  • Gold Eases as Debt Talks Progress Wednesday, 23 Jan 2013 | 1:30 PM ET
    Gold Eases as Debt Talks Progress

    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.

  • Einhorn: Iron Ore Shorts Hurt, Not Herbalife Wednesday, 23 Jan 2013 | 1:22 PM ET
    Einhorn: Iron Ore Shorts Hurt, Not Herbalife

    CNBC's Kate Kelly reports David Einhorn of Greenlight Capital told investors shorts in iron ore miners hurt the results, not Herbalife.

  • Energy Demand Will Double Over Next Decade: Leighton CEO Wednesday, 23 Jan 2013 | 4:35 AM ET
    Energy Demand Will Double Over Next Decade: Leighton CEO

    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.

  • BHP Digs Deeper for More Ore to Feed China Steel Mills Wednesday, 23 Jan 2013 | 12:13 AM ET
    Time to Pick Up Rio, BHP as Carbon Tax Bites: Analyst

    BHP Billiton, the world's biggest mining company, boosted its iron ore output by 3 percent in the December quarter, as it races to supply more of the raw material to Chinese steelmakers despite signs of a softening market.

  • Australian Iron Ore Port to Reopen as Storm Passes Tuesday, 22 Jan 2013 | 7:36 PM ET
    West Coast Wrap: Port of Los Angeles

    Australia's Port Hedland, which handles about a fifth of the world's seaborne-traded iron ore, will reopen on Wednesday after being spared the brunt of a cyclone that has also shut other major ports in Western Australia.

  • Rio Tinto to Axe Costs, Cautiously Optimistic on China Growth

    Mining firms including BHP Billiton and Anglo American are likely to follow Rio Tinto's lead in writing down underperforming assets by as much as $10 billion, as low prices and rising costs eat into valuations.

  • iron-ore-mine---fortescue_200.jpg

    Iron ore prices have nearly doubled over the past four months, delighting producers, yet the surge is hindering expansion of iron ore mines in Western Australia, the site of the world's largest known deposit.

  • Commodities Next Week: Will the Silver Surge Continue?

    Sharon Epperson reports the "silver surge" has driven demand for silver coins made by the U.S. Mint. (1:23)

  • Banks Up Price Targets on Rio Tinto Thursday, 17 Jan 2013 | 11:00 AM ET
    Banks Up Price Targets on Rio Tinto

    Paul Renken, senior geologist at VSA Capital, explains why investment banks are upping their price targets on Rio Tinto after the new CEO announcement.

  • Rio Tinto Blame Game Begins After Big Writedown Thursday, 17 Jan 2013 | 4:32 AM ET

    Rio Tinto, the mining giant, was in turmoil Thursday morning after the abrupt departure of its chief executive and the announcement of a $14 billion writedown.

  • Rio Tinto CEO Resigns After $14 Billion Charge Thursday, 17 Jan 2013 | 2:55 AM ET
    Rio Tinto to Axe Costs, Cautiously Optimistic on China Growth

    Global miner Rio Tinto has announced the surprise resignation of its chief executive after taking a $14 billion charge in connection with Tom Albanese's two most significant acquisitions, Mozambican coal and aluminium.

  • Platinum Supply to Remain Tight: Analyst Wednesday, 16 Jan 2013 | 2:40 AM ET
    Platinum Supply to Remain Tight: Analyst
  • Platinum at Three-Month High; Gold Futures Settle Up Tuesday, 15 Jan 2013 | 5:00 PM ET

    Platinum rose to a three-month high on Tuesday, rallying for a sixth straight session as funds bought heavily due to a mine labor crisis in South Africa that sparked supply fears.

  • Which Metal Will Have the Best 2013? Tuesday, 15 Jan 2013 | 12:04 PM ET
    Ilczyszyn: Key Levels to Watch on Gold

    Vote now in our poll!