Rio Still World’s Top Ore Producer
Rio Tinto retained its top ranking in the global iron ore export stakes – by the narrowest of margins in the three months to June – just 200,000 tonnes.
Read MoreCommodities
Nickel Worth a Dime for BHP and Tesla
After years of being seen as a high cost, high priced commodity with few growth prospects, nickel has moved to become part of BHP’s ‘green’ appeal – and they have the deal with Tesla to prove it.
Read MoreAnother Record for Oz Trade Surplus
Thanks to record prices and demand for iron ore – especially from China – Australia’s goods trade surplus hit a new peak of $13.3 billion, the second successive month that it has topped $13 billion.
Read MoreRecord Revenue, Upped Guidance for Santos
In its June quarter report yesterday, Santos announced sales revenue hit a record $US1.1 billion, taking it to a record-breaking $US2.04 billion over the six months to June 30.
Read MoreLynas Spikes on Rare Earth Grant
Shares in Lynas jumped more than 9% yesterday after revealing it had won an Australian government grant to commercialise an industry-first rare earth refining process at its planned WA plant.
Read MoreEvolution Continues Expansion with Kundana Deal
Days after confirming its $1 billion Cowal expansion, Evolution has revealed a $400 million transaction to turn its Mungari mine into a ‘cornerstone’ asset in a deal with rival Northern Star Resources.
Read MoreTelfer, Cadia Help Newcrest Soar to Glittering Year
Australia’s biggest gold miner Newcrest Mining had a good 2020-21 as its gold and copper production reached guidance targets in the year to June, with Telfer and Cadia leading the way.
Read MoreBHP Reportedly Mulling Oil and Gas Withdrawal
BHP wouldn’t comment on the claims made by Bloomberg on Wednesday morning that they were reviewing their petroleum business and considering options including a trade sale.
Read MoreIron Ore – A Polarising Market
Ausbil’s James Stewart and Luke Smith give iron ore a thorough once-over from both the supply and demand sides in an endeavour to unearth why it is so polarising at the moment.
Read MoreManhattan Corporation: High grade gold, multi-million ounce potential
Manhattan Corporation CEO and Geologist Kell Nielsen discusses current drilling programs and what investors can expect from them over the coming months with ShafeCafe’s Tim McGowen.
Read MorePlenty of Arrows in BHP’s Quiver
While BHP shipped a record amount of iron ore from its Pilbara mines in the year to June, the performance of its coking coal, copper, oil and gas and nickel businesses also stood out.
Read MoreSantos Confirms Oil Search Interest
After Oil Search admitted on Tuesday morning it had recently rejected a takeover approach, Santos issued a statement revealing its proposed $4.25 per share offer.
Read MoreHedland Sees Sharp Fall in Ore Shipments
Iron ore exports to China through Port Hedland, the world’s biggest port, fell more than 6% in the six months to June thanks to a sharp slide in final three months of the half.
Read MoreOPEC+ Talks Finally a Gusher
After more than two weeks of haggling, OPEC+ ministers have done a deal on a new global production cap that will steady the slide in world prices last week.
Read MoreCommodities Corner: Traders Await OPEC+ Outcome
OPEC+ ministers were due to meet overnight Sunday (Sydney time) to try and break the deadlock on a new output policy between Saudi Arabia and their smaller Gulf rivals the United Arab Emirates.
Read MoreDiffering Theories of Evolution
Some good news, a bit of bad, and spending hundreds of millions of dollars didn’t win the minds of investors for Evolution Mining, with the company’s shares losing 5% on Friday.
Read MoreInvestors Left to Drink from the Poisoned Chalice
It is always instructive to watch what a company’s board and management keeps when it decides to spin off assets. So what are we to glean from Chalice Mining’s decision to do just that?
Read MoreElements, Circumstances Undermine Rio
Rio Tinto’s June quarter was a forgettable one to say the very least, with climactic and operational challenges causing them no end of problems and jeopardising hopes of profit growth for the full year.
Read MoreChina’s Catch-22: Ecology or Economy?
With steel production encroaching upon the government’s output limit but a weakening economy that needs all the help it can get, Beijing faces some tough choices over the second half of 2021.
Read MoreLNG Surge Fuels Woodside Revenue Surprise
Woodside Petroleum is looking at a solid rebound in first half earnings from 2020’s very weak level after higher prices of LNG boosted revenue nearly 30% in the June half.
Read MoreFed’s Inconclusive Vision Keeps Gold in Sight
Joe Foster from VanEck Investments takes us on a deep dive into the current state of the gold market and where it sits in the context of recent inflationary pressures.
Read MoreDeGrussa Pushes Sandfire to Record Profit
2020-21 turned out to be a very good year for Sandfire Resources, thanks to the late surge in copper prices to record highs and solid production from its DeGrussa mine in WA.
Read MoreCommodities Corner: Sellers Take a Breather
A second day of the relief rally for oil as the impasse in the OPEC+ group between Saudi Arabia and the UAE remained unresolved, while other major commodities were mixed.
Read MoreChinese Sales Like Copper off a Duck’s Back
The Chinese government’s sales of copper from its strategic reserve this week as part of its hectoring of commodity markets and traders seems to have had little impact on prices.
Read MoreMarkets Put the Oil in Turmoil
US bond yields and oil prices again stood out on Wednesday with big losses that raised more questions than they answered.
Read MoreSulphate of Potash: A Revolution in Farming, Food and Fertiliser
A new chapter is opening in Australia’s rich history of mineral endowment, as an emerging group of producers bring on-stream deposits of organic premium fertiliser sulphate of potash (SoP).
Read MoreOil Markets Rattled by OPEC+ Impasse
Traders finally realised that while the collapse in the latest oil production cap discussions could mean oil as high as $US100 a barrel, it could also see output surge and prices slump.
Read MoreOPEC+ Talks Come Up Dry for a Third Day
OPEC’s brawl over oil production intensified on Monday when talks between the group and its non-member producers, led by Russia, went nowhere for a third day.
Read MoreNewcrest’s Cadia Shaken, Not Stirred
Newcrest Mining says part of its huge Cadia gold/copper mine in central NSW had been rattled by a “small seismic event” that seems to have left the mine a bit shaken but not all that stirred.
Read MoreCommodities Corner: OPEC+ Plagued by Infighting
The stalemate continues as OPEC and non-OPEC ministers (led by Russia) finished Friday’s virtual meeting without a resolution and they will meet again later today on oil output policy.
Read MoreMidas Lays Hands on Pilbara Region
Recent developments have confirmed that WA’s Pilbara region – better known for being home to the world’s biggest iron ore operations – is Australia’s ‘hot’ new gold spot.
Read MoreCommodities Price Index Jumps 40% for Year
Given the recent performance of key commodities, it’s no wonder the RBA’s Commodity Price Index surged 40% to a record high last month, capping off a remarkable 12 months for the sector.
Read MoreOPEC+ Postpones Cap Size Decision
OPEC+ couldn’t make its mind up on changing its oil production cap at its latest meeting on July 1, so they postponed it to Friday in a repeat of previous meetings.
Read MoreOil Up, Woodside Flat, Opportunity Knocks
The fundamental value of a Resource company can be assessed essentially by two things – the commodity price and everything else – like production, costs and discount rates.
Read MoreCommodities Corner: Special June 30 Edition
In a special edition of our weekly Commodities Corner feature, ShareCafe Lead Writer Glenn Dyer gives us a comprehensive look at where commodities markets sit as at June 30.
Read MoreGold Headed for Worst Month in Five Years
With just one day left in the month, quarter and financial year (for Australia), Gold is heading for its worst monthly performance since November 2016.
Read MoreSantos Shops Around Part of Dorado Stake
Santos is starting engineering and design work on the Dorado oil discovery off the WA Carnarvon Basin coast as it looks to bring another partner into the venture by selling part of its 80% stake.
Read MoreBHP One Step Closer to Thermal Coal Exit
BHP has moved further down its promised exit from the thermal coal industry by selling its stake in the huge Cerrejon steaming coal mine in Colombia in a deal worth nearly $US600 million.
Read MoreGruyere on the Nose for Gold Road
Bad news at the end of a volatile year for gold from Gold Road Resources, which says mechanical problems at its Gruyere mine in WA will cost it profits for the quarter and financial year.
Read MoreOz Miners Making Cash While the Ore Smelts
The surge in mineral prices in the past 12 months has added an extra $1 billion a week to export earnings, according to data from the Federal Department of Resources.
Read More