GO
Loading...

Enter multiple symbols separated by commas

Precious Metals and Mining

More

  • July 28- Freeport-McMoRan Inc may cut output at its small North American copper and molybdenum mines to help it reduce costs, analysts said on Tuesday after the miner and oil producer announced a cost and spending review amid weak commodity prices. Shares in Arizona- based Freeport leapt on the announcement, and were last up 9.4 percent at $12.44 on the New York...

  • Shares of Freeport-McMoRan jumped Tuesday after the company said it has started reviewing its mining and oil and gas businesses to look for cost-cutting opportunities in the face of weak markets for its products. Freeport-McMoRan Inc.' s assets include mining operations in North and South America, oil and gas assets in the United States and a minerals...

  • Commodities tomorrow: Downside bias remains Monday, 27 Jul 2015 | 4:00 PM ET
    Commodities tomorrow: Downside bias remains

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • United Steelworkers' negotiating committee and Stillwater CEO Michael "Mick" McMullen support it, but workers at the mine in Nye and smelter and the refinery complex in Columbus have said the contract could reduce their take-home pay. An answering machine reached Monday at the United Steelworkers Local 11 -0001 office in Columbus urged Stillwater employees...

  • With authorities at the Jamaica- based International Seabed Authority issuing exploration contracts, alarmed conservationists are warning that the deep ocean's fragile biodiversity must be protected and not nearly enough is known about the risks of extracting minerals from seabeds. "The pace of activity has increased dramatically over the last five...

  • NEW YORK/ LONDON, July 24- Gold turned higher after sliding more than 1 percent to its lowest since early 2010 on Friday, as the dollar fell from its highs and U.S. stocks extended losses, but the precious metal was on track to see the biggest weekly decline since March. Spot gold hit the lowest since February 2010 at $1,077.00 an ounce but was up 0.5 percent at $1,096.29...

  • LONDON, July 24- A slump in metals prices this week and worries over China's growth prospects have heightened investor scrutiny of whether mining companies have the ability to weather the storm ahead. China accounts for almost half of global copper demand, 70 percent of iron ore consumption and vies with India to be the top gold consumer. China's economy is seen...

  • Anglo American warns on further pain for commodities Friday, 24 Jul 2015 | 4:22 AM ET
    Heavy equipment is used used to mine copper at the Anglo American PLC Los Bronces (Minera Sur Andes) copper mine in central Chile,

    One of the world's largest miners, Anglo American maintained its interim dividend on Friday as a deep sell-off in metals hurt its first half profit.

  • *Maintains interim dividend of $0.32 per share. *Takes non-cash impairment of $3.5 billion. LONDON, July 24- Global mining company Anglo American will shed about 6,000 jobs in the next couple of years as it fights rapidly deteriorating market conditions that have dragged its shares down to a 13- year low this week.

  • Commodities tomorrow: Crude down again Thursday, 23 Jul 2015 | 4:00 PM ET
    Commodities tomorrow: Crude down again

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • July 23- Diversified U.S. miner and energy producer Freeport-McMoran Inc reported an unexpectedly strong adjusted profit on Thursday as sales of the metals and oil it produces rose, but its hefty debt load swelled and it also posted a big net loss. The Phoenix, Arizona- based company's net loss of $1.85 billion, or $1.78 per share, resulted from writedowns on its oil...

  • TORONTO, July 23- Diversified U.S. miner and energy company Freeport-McMoran Inc reported a sizeable second-quarter net loss on Thursday, reflecting a big write-down for the value of its oil and gas properties and slumping prices for the copper, gold and oil that it produces. The Phoenix, Arizona- based company reported a net loss attributable to shareholders of...

  • Australia's Newcrest, Fortescue release production reports

    Gaurav Sodhi, senior analyst at Intelligent Investor, analyzes the production reports of gold producer Newcrest Mining and iron ore miner Fortescue Metals.

  • Consolidated all-in sustaining costs per ounce are now expected to be between $920 and $980 in 2015, down from an earlier forecast of $960 to $1,020, and seen holding relatively steady at between $900 and $1,000 in 2017.. Newmont said adjusted net earnings rose to $131 million, or 26 cents a share, in the quarter to end-June from $101 million, or 20 cents a share, in...

  • Commodities tomorrow: Oil gets whacked Wednesday, 22 Jul 2015 | 3:34 PM ET
    Commodities tomorrow: Oil gets whacked

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • LONDON, July 22- Gold fell back towards five-year lows on Wednesday as investors continued to pull away from the precious metal, with a slide through key chart levels earlier this week setting prices up for further losses. Holdings in top gold-backed exchange-traded fund SPDR Gold Trust fell for a fourth day on Tuesday, declining another 4.8 tonnes to hit their...

  • By Patturaja Murugaboopathy BENGALURU, July 22- Palladium investors are keeping record bets on a further slump in the market as broad-based weakness plagues the precious metals complex, but some analysts say the metal's slide to 3 1/ 2- year lows is overwrought and a supply deficit will help the metal reclaim lost territory. Gold has fallen 7.6 percent, silver is...

  • MANILA, July 22- Gold struggled to move away from a five-year low on Wednesday, reflecting sustained pressure on the metal days after its steepest fall in almost two years, with more losses seen ahead as the demand outlook dims. *Spot gold was little changed at $1,101.28 an ounce by 0046 GMT, not far above Monday's trough of $1,088.05 when bullion slid as much as 4...

  • Commodities tomorrow: Crude's downside potential Tuesday, 21 Jul 2015 | 4:00 PM ET
    Commodities tomorrow: Crude's downside potential

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • Mixed earnings and easyJet lead Britain's FTSE lower Tuesday, 21 Jul 2015 | 12:09 PM ET

    *Gold stabilizes, pushes mining shares up. LONDON, July 21- Britain's top stock index edged lower on Tuesday as a mixed set of corporate results and lingering concern over commodity price falls outweighed a rebound in gold-mining companies and a rally in car insurers. "It's all a little bit lackluster today, and I suppose in some respect it's because we're in the eye...