NEW YORK, Dec 1- Brazil's Vale SA said November's deadly mining disaster could cost it at least $443 million, but said it was too early to put a price tag on what it expects to be a long clean-up from the pollution spilled in the dam burst. Chief Executive Officer Murilo Ferreira said environmental recovery from the disaster on Nov. 5 at the Samarco joint venture...» Read More
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.
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Ker Chung Yang, senior investment analyst at Phillip Futures expects 2013 to be the return of a China play again, especially in the base metal commodity.
Paul Renken, senior geologist at VSA Capital, tells CNBC that Rio Tinto figures have surprised on the upside, suggesting some demand for iron ore.
Often called the "lucky country" because of its rich natural resources, Australia's growth has long been funded by the commodities boom but now, economists say, there are a few other bright spots that could pick up where mining left off.
Rio Tinto said on Tuesday its iron ore production beat its own guidance to hit 253 million tons in 2012, as the miner cashes in on resurgent Chinese demand that has driven up prices in recent months.
Conflict in the West African state of Mali -- the continent's third-largest gold producer -- poses "manageable" risks for miners active in the country's south as Al Qaeda-linked Islamist rebels remain confined to strongholds in the north while former colonial power France continues its offensive against militant bases.
Indonesia's influential Bakrie family warned on Monday that it could rethink its proposed exit from Bumi, a coal venture it co-founded with Nat Rothschild, if the financier pursues a planned return to the board.
Pro trader Rich Ilczyszyn looks at key technical levels for trading gold futures.
Bargain-hunting traders in the mining space have turned to Barrick Gold.
China's harshest winter in nearly three decades has hit iron ore output and driven up prices just as demand from steel mills revives in a resurgent economy. Imports are at record levels.
Steelmaker ArcelorMittal raised a bigger-than-expected $4 billion in a share and convertible notes offering, it said on Thursday, to fix its debt-laden balance sheet.
China's imports of iron ore roared to a record high in December and for the full year, while crude imports also climbed, boosting hopes that a recovering economy in the world's top commodities consumer will lift its appetite for imports.
Australia's first cyclone of the storm season is intensifying off the country's northwest and is expected to start affecting coastal areas in mining powerhouse Western Australia state as soon as Friday, the Australian Bureau of Meteorology said.
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Steve Johnson, CIO, Intelligent Investor says the iron ore price has gone too far, too fast, and that the demand picture out of China doesn't support the spike in prices.
Soozhana Choi, Head of Commodities Research, Asia at Deutsche Bank is bullish on base metals on the back of China's growth rate returning to 8% by the second half of this year.
Dominic Schnider, Head of Commodity Research, UBS Wealth Management says platinum, palladium and silver will do well this year amid loose monetary policies and a recovery in the global economy.
Nick Ferres, Investment Director, Global Asset Allocation, Eastspring Investments sees buying opportunities in cyclical sectors like mining stocks since risks from the fiscal cliff have not been priced into risk assets yet.