NEW YORK, May 6- BP PLC said on Friday it would not be able to deliver on some contracts for Canadian crude due to a wildfire that has cut Canada's oil sands output in half and snarled supply lines. The force majeure comes after the fire this week forced the evacuation of 88,000 people from Fort McMurray, located in the heartland of Alberta's energy region, and... » Read More
David Lennox, resources analyst at Fat Prophets, says big miners like Rio Tinto will have a better chance of surviving the rout in iron ore prices, but it is hard to say for sure in the junior end.
Warren Gilman, chairman & CEO of CEF Holdings, says the price of iron ore isn't going to rebound anytime soon, with the occurrences of mine closures likely to continue.
The last time Western Australia was engaged in a dispute with Canberra of this magnitude was during the 1930s Depression. The Financial Times reports.
David Walker, senior analyst at stocksinvalue.com.au, explains why Chinese firms may be more interested than Anglo-Swiss mining giant Glencore in acquiring Fortescue Metals.
Rob Brierley, head of research at Patersons Securities, says the quarterly report was in line with expectations, but questions the sustainability of the miner's cost-cutting plans.
There is a "real significant shift" in the Mongolian government's view towards foreign investments in its mining sector, says Peter Akerley, president & CEO of Erdene Gold.
Mathew Hodge, resource analyst at Morningstar, says a price recovery in iron ore depends on when big miners like Vale realize the strategy of boosting production is a mistake.
Oversupply and a lack of demand growth has led some market analysts to speculate that iron ore prices will never recover to former levels.
Canadian gold mining companies Alamos Gold and AuRico Gold are merging in a deal valued at approximately $1.5 billion.
Colin Hamilton, global head of commodities research at Macquarie, says iron ore prices need to fall to compensate for oversupply, and warns companies should start exiting the sector.
Gaurav Sodhi, resources analyst at Intelligent Investor, says it is inevitable for junior miners to go bust because there must be a contraction with iron ore supply before prices can rebound.
As mine safety regulation grows stricter, one Pennsylvania-based company is forced to move some Amish workers from their posts.
Alcoa reported a mixed quarter on Wednesday, beating expectations on earnings, but missing on revenue.
Juerg Kiener, MD & CIO of Swiss Asia Capital, Singapore, says prices of the steel-making raw material could continue to fall due to strong supply and flagging demand.
Campbell Dawson, director at Elstree Investment Management, discusses the possibility of another interest rate cut by the Reserve Bank of Australia next Tuesday.
Gaurav Sodhi, resources analyst at Intelligent Investor, says iron ore prices could fall further, with Australia's Fortescue Metals looking precarious at this stage.
Bill Shorten, opposition leader in Australia, says the free trade deal presents opportunities in sectors like services. He also discusses Australia's participation in the Asian Infrastructure Investment Bank.
Speaking at the Mines and Money conference in Hong Kong, Gina Rinehart urged governments to reduce red tape on mining projects.
With commodity prices unlikely to return to the levels seen during the mining boom period, miners will need to "get to grips" with current levels, says Dan Lougher, CEO of Western Areas.
Karl Simich, CEO at Sandfire Resources, says the depreciation of the local dollar helps to attract investments into Australia.