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After Cramer Called This Stock A Great Inflation Hedge, Buying This Option Would Have More Than Doubled Your Money
Wednesday, November 30, 2022 - 8:13am | 381Prominent market commentator Jim Cramer on CNBC’s "Mad Money Lightning Round" said on Monday that Rio Tinto Plc (NYSE: RIO) is a great hedge against long-term inflation. Shares of the company closed over 4% higher on Tuesday on the NYSE...
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BHP Explores Sale Of $15B Petroleum Business
Monday, August 16, 2021 - 2:30am | 360The world’s biggest mining company BHP Group Ltd (NYSE: BHP) is considering the sale of its petroleum business as part of a strategic review. What Happened: The Australian mining company said it is in talks with Perth-based oil and natural gas company Woodside Petroleum Ltd (OTC: WOPEY) over...
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This Mining Company Has No Interest In Gold
Tuesday, May 31, 2016 - 10:58am | 403Mark Thompson runs Talga Resources Ltd. (ASX: TLG) (OTC: TLGRF), an Australian-based gold miner that is no longer interested in the coveted commodity. Instead, the company is now focusing on graphite — the exact same material used in pencils. What Is Graphene? According to Bloomberg,...
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Report: China's Citic Metal Among Parties Interested In Acquiring Freeport-McMoRan's Mining Operations Minority Stake
Friday, May 27, 2016 - 10:51am | 192Freeport-McMoRan Inc (NYSE: FCX) is holding talks with potential buyers for a minority stake in its North and South American operations as part of a strategy to shed assets to lower its debt load, according to Bloomberg. Bloomberg reported Thursday evening that Freeport-McMoRan has received...
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Vale Loses 5% Following Production Report, Iron Ore Output Falls Short Of Expectations
Thursday, February 18, 2016 - 11:58am | 233Shares of Vale SA (ADR) (NYSE: VALE) were trading lower by more than 5 percent on Thursday after the company released its fourth quarter and full year fiscal 2015 production metrics. Vale said its iron ore output rose 2.9 percent from a year ago to 85.4 metric tons but fell short of the 88.3...
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If Commodity Prices Don't Recover, These Investors Lose
Monday, September 28, 2015 - 1:30pm | 607Hunter Hillcoat of Investec is expecting the commodity market to remain "subdued" for "several years to come" with a "modest" recovery not expected until at least 2018. Hillcoat added that many mining companies "gorged themselves" with "cheap debt" to finance activities in the period of 2010 and...