The collapse in global iron ore prices isn’t chasing Gina Rinehart away from the red soil of Western Australia that made her a billionaire. Like producers in Brazil and some in China, she can still profit from the metal.
Iron-ore producers have canceled or suspended 22 mining projects since July as prices plunged to a five-year low, which will help to curb or even eliminate a supply surplus, according to Bloomberg Intelligence.
Cliffs Natural Resources Inc. agreed to sell part of its struggling coal division for $175 million, in cash, the latest move by the mining company to exit higher- cost operations to focus on its U.S iron ore business.
Cliffs Natural Resources Inc. appointed Laurenco Goncalves as chairman and chief executive officer, the candidate put forward by activist investor Casablanca Capital LP, which last week won a proxy fight for control of the mining company’s board.
In this interview, John Kaiser outlines 10 strategies that are setting certain companies apart. Discover the companies that are redefining their business, as well as miners with the goods in the ground to continue come rain or shine.
Investors who want to play in the iron and copper space should look to small-cap producers for attractive valuations and lower risk, says the institutional research analyst who names iron ore and copper companies with upside potential.
As we head into the last quarter of the year, the publisher and editor of The Midas Letter questions how important macroeconomic trends are for individual investors. But he does believe stock catalysts in the energy space are easier to understand than precious metals.
Labor problems and low prices have platinum mines closing in South Africa, and potential for acquisitions ripening. Analysts George Topping and Michael Scoon of Stifel Nicolaus discuss supply trends for platinum group metals as well as iron ore and other commodities.