U.S. equity markets opened higher this morning but worries about a resolution to the banking crisis in Cyprus soon took over and pushed shares down. In other parts of Europe, Spain’s bad…
Jon OggInvestors and traders constantly seek new good research-driven ideas for stocks to buy and for stocks to sell. Some of these come from independent research and some come from the large…
ThinkstockLondon-traded Glencore International has been making news for more than a year now for its takeover of Xstrata, a mining company of which Glencore already owns about 40%. The company is awaiting…
ThinkstockWe have already covered the sea change that is washing over the mining industry. Where past practice has been to invest heavily in new assets with the strategy that growth was assured,…
ThinkstockWithout going through all the changes in the top management of the world’s largest mining companies, there is one thing that stands about virtually all of these changes: putting more focus on…
ThinkstockInvestors of BHP Billiton (NYSE: BHP) and Rio Tinto (NYSE: RIO) have taken a beating along with many other mining investors in recent days. There is an interesting multi-year outlook piece around new CEOs…
ThinkstockBarrick Gold Corp. (NYSE: ABX) reported fourth-quarter and full-year 2012 earnings before markets opened this morning. For the quarter, the gold miner posted adjusted earnings per share (EPS) of $1.11 on revenues…
ThinkstockEverything about the mining industry is big, so it should come as no surprise that when things don’t work out as planned, the mistakes are big too. Two mining CEOs have lost…
ThinkstockIron ore miner Cliffs Natural Resources Inc. (NYSE: CLF) said this morning that it would take a $1.4 billion non-cash impairment charge related to several of its mining operations in Canada. The…
ThinkstockMining giant Rio Tinto PLC (NYSE: RIO) said this morning that the company expects to take a noncash impairment charge totaling $14 billion in its full-year 2012 results. Rio Tinto’s CEO, Tom…
courtesy of YouTubeThe head of Rio Tinto PLC (NYSE: RIO) will leave after the company took a $14 billion write-down. (Reuters) The FAA grounds the Boeing Co. (NYSE: BA) Dreamliner after it…
ThinkstockHarry Winston Diamond Corp. (NYSE: HWD) announced this morning that it has agreed to sell its luxury brand diamond jewelry and watch division, Harry Winston Inc., to Swiss-based The Swatch Group Ltd.…
ThinkstockA shrinking global economy took a heavy toll on producers of nonprecious metals in 2012. Prices for base and industrial metals like copper, iron ore, and aluminum fell sharply as demand nearly…
ThinkstockShares of a host of shipping companies are getting a big boost today on a report from Bloomberg that the 2013 outlook for shipping rates, especially for iron ore, are set to…
Thinkstock2012 has been a mixed year for the base metals. 24/7 Wall St. is looking into 2013 to see what the new year may bring for the sector. The long and short…
