Agarwal plans to keep his Anglo American stake for a long time

(Bloomberg) — Anil Agarwal, the Indian commodities billionaire, said the rally in Anglo American Plc vindicated his personal bet in the mining group, adding that he plans to own the shares for a long time. Agarwal surprised Anglo’s management last year when he took a 21 percent stake in the company, becoming its top shareholder.[…]

The periodic table of commodity returns

Jeff Desjardins on January 18, 2018 If for some reason, you still think that the commodity markets are predictable, today’s chart provides a nice piece of humble pie. The Periodic Table of Commodity Returns, which comes to us annually from our friends at U.S. Global Investors, shows the returns of commodities over each year of the past[…]

Mining profits are super-charged and BlackRock wants to get paid

 (Bloomberg) — The world’s mining sector is firing on all cylinders again, and one of it’s biggest investors can’t wait to get paid. After five years of under-performance, a combination of synchronous global growth and under-investment in new supply has driven up commodity prices, increasing cash flow and profit margins for the world’s biggest[…]

CHARTS: Big mining's surge in value shames tech giants

Big cap diversified miners are riding a wave of optimism as global growth prospects – especially in manufacturing – continues to strengthen.  Global economic activity as measured by the JP Morgan global manufacturing and services index showed output rising at the fastest pace since March 2015. The manufacturing index has now signalled expansion for a record 82 months[…]

South Africa's NUM says coal strike to begin on Nov. 19

South Africa’s National Union of Mineworkers will begin a strike over wages in the coal sector on November 19, the union’s spokesman said on Friday. A protracted strike in the coal sector could affect power supply in Africa’s most industrialised economy, as about 85 percent of electricity is generated from the fossil fuel. According to[…]

CHARTS: Mining's 2017 rally forecast to fizzle out

Gold’s retreat during September may be hurting sentiment and iron ore and coking coal prices have come in for renewed punishment, but so far in 2017 the mining sector has been able to build on last year’s strong gains. Gold and silver prices were just hanging onto double digit year-to-date gains at the end of Q3 while[…]

Luxembourg shoots for the stars with fresh space mining deal

Luxembourg seems to be in a rush to achieve its goal of becoming Europe’s hub for space mining, as it announced Monday a deal with a newly created company specializing in geolocation services and developing space infrastructure. Kleos Space, 100% owned by UK-based Magna Parva, is one of dozens of firms to have either settled[…]

Anglo American appoints takeovers expert as new chairman

Anglo American (LON:AAL), the world’s fifth largest diversified miner, has appointed Stuart Chambers to succeed Sir John Parker as chairman of the group. Chambers, 61 and former chairman of UK chip designer Arm, will join Anglo as a non-executive director in September, replacing Parker in November. Stuart Chambers is known for his active participation in the sale of several[…]

CHART: Commodity prices slump to 50-year low against US stocks

The Dow Jones, S&P 500 and Nasdaq closed at record highs on Friday despite signs that US jobs growth is slowing down and that expansion of the world’s largest economy remains stuck around the 1% level.“Following the notion of mean reversion, we should be seeing attractive investment opportunities” In contrast the S&P GSCI All Commodities index is[…]

Iron ore, copper price plunge brings carnage to mining stocks

Mining and metals investors were offloading the sector’s big names on Wednesday after sharp drops in iron ore and copper prices over worries about the robustness of the Chinese economy and heightened tensions surrounding North Korea with President Trump sending an “armada” of US warships to the region. While gold was setting fresh 2017 highs on the back of safe[…]