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Metals and Mining Diversified Metals and Mining

  • LONDON, April 11- International financial groups took action on Wednesday to distance themselves from the shares, bonds and metal of Russian aluminium giant Rusal after the United States imposed sanctions on the company. In Moscow, the government pledged to provide Rusal with short-term liquidity and offer other assistance while it also considered hitting...

  • *Ecuador riskier than Chile, much less explored. SANTIAGO, April 9- SolGold has received advances from a dozen big miners, including BHP and Vale, for its copper and gold discovery in Ecuador, an executive said on Monday, but has rejected them to develop the project alone. SolGold bucked a trend of a lack of new discoveries following a fall-off in investment during the...

  • TORONTO, March 28 Reuters)- Canadian mining magnate Peter Munk, who built Barrick Gold Corp from a single mine into the world's largest producer of gold, has died at the age of 90, the company said on Wednesday. The blunt-spoken Munk, who once said getting old was "not for sissies", was also a dedicated philanthropist, donating millions to healthcare and universities...

  • Jean-Sebastien Jacques, chief executive officer of Rio Tinto.

    Rio Tinto CEO Jean-Sébastien Jacques said he hopes China and the U.S. can resolve their trade issues.

  • While the United States imported 36 million tonnes of steel in 2017, with Canada, Brazil and South Korea the leading suppliers, that was less than 8 percent of global steel market traded volumes of 473 million tonnes during the year. "The volume is relatively small and won't have a big impact on prices," said Roberto Cola, vice president of the ASEAN Iron and Steel...

  • An example of the public exit from the business is South32, the Perth- based miner spun out of BHP Billiton which is in the process of selling out of its thermal coal assets in South Africa. Mike Fraser, South32's president and chief operating office for South Africa, told Reuters earlier this month that the company was aiming to sell its coal assets because it "did...

  • Capital returns for BHP just starting now

    Alon Olsha, senior metals and mining analyst at Macquarie, discusses BHP Billiton and other mining companies.

  • LONDON, Feb 16- Investors are shunning the mining sector, data from Thomson Reuters shows, as they struggle to forget the string of multi-billion dollar takeovers and expensive development projects that left them empty handed. The mining sector led the FTSE higher in 2016 as it rebounded from the previous year's deep price crash, but it is still well below levels...

  • LONDON, Feb 16- Investors are shunning the mining sector, data from Thomson Reuters shows, as they struggle to forget the string of multi-billion dollar takeovers and expensive development projects that left them empty handed. The mining sector led the FTSE higher in 2016 as it rebounded from the previous year's deep price crash, but it is still well below levels...

  • TORONTO/ MELBOURNE, Feb 16- As shareholders push the world's cash-rich miners to maintain lush dividends and make the most of existing assets, Glencore is taking a slightly different tactic that positions it for shrewd acquisitions. They're trying to find businesses with the highest margin and get into sectors where they will have a competitive advantage, "...

  • Disbelief among South Africans that Jacob Zuma is gone

    CNBC Africa's Karabo Letlhatlha reports on Zuma's exit and the state of the country's mining industry.

  • SAO PAULO, Jan 30- Continued Chinese efforts to reduce pollution will boost demand for Vale's high quality iron ore, the Brazilian miner's chief executive said on Tuesday, even as the world's top iron ore producer seeks to diversify away from the metal. "I cannot imagine China going back on the pollution controls it is trying to put in place," CEO Fabio Schvartsman...

  • TORONTO, Jan 16- Canada's main stock index fell on Tuesday as lower commodity prices weighed on the shares of materials and energy companies. *The Toronto Stock Exchange's S&P/TSX composite index closed down 72.93 points, or 0.45 percent, at 16,298.88. Barrick Gold Corp declined 3.1 percent to C $18.88 and diversified miner Teck Resources Ltd was down 4.1...

  • TORONTO, Jan 16- Canada's main stock index edged lower in morning trading on Tuesday as gold miners weighed down heavyweight resource stocks amid a commodity price retreat, even as marijuana producers extended a recent rally. *At 10:03 a.m. EST, the Toronto Stock Exchange's S&P/TSX composite index was down 22.84 points, or 0.14 percent, at 16,348.97.

  • South Africa's crisis opens up opportunities in some sectors

    Anna Rosenberg, director for Sub-Saharan Africa at Frontier Strategy Group, explains why South Africa is "too important to ignore" for investors.

  • Forecasting iron ore prices is a tricky game

    Gavin Wendt of MineLife says China demand is changing and that makes forecasting iron ore prices a tricky business.

  • LONDON, Dec 12- Miner and trader Glencore said on Tuesday its battery minerals, especially cobalt, should spur profit in 2017 and beyond in an update for investors that also promised to grow the business, especially through partnerships. It said its marketing, or trading, division's 2017 EBIT would be at the top end of its previous guidance at $2.8 billion, steady...

  • LONDON, Dec 5- Glencore has increased production of the metals used to make electric car batteries faster than its major mining rivals, according to an industry-wide analysis that shows the scale of a strategy that has big prospective risks and rewards. Electric vehicle metals account for roughly 50 percent of Glencore's core profit, more than double the...

  • Moon Express Chairman Naveen Jain speaks about competition among technology firms to reach the moon.

  • LONDON, Nov 28- Nickel prices hit their lowest in more than six weeks on Tuesday as the market fretted about weaker demand in top consumer China and rising supplies from major producer Indonesia. "We do see China demand coming off and more material coming out of Indonesia. INDONESIA: The gradual lifting of Indonesia's ban on raw material exports, imposed in early...