Solid Half Puts Rio Tinto On Track To Meet Iron Ore Guidance
Shares in Rio Tinto have edged higher after it revealed a solid quarterly and half-year performance for its key Pilbara iron ore business.
Read MoreShares in Rio Tinto have edged higher after it revealed a solid quarterly and half-year performance for its key Pilbara iron ore business.
Read MoreThe latest results at Moora are considered by LTR’s geological team to be exceptional for this early stage of exploration. They have expanded previously-identified strong gold, PGE, nickel and copper anomalism, as well as defining a number of new targets, which has further enhanced the project’s potential and helped pave the way for the next phase of exploration.
Read MoreChinese crude steel production was maintained at record levels in June, helping explain the continued strength in iron ore imports and prices.
Read MoreWhile Whitehaven beat forecasts by posting a 29% jump in fourth-quarter coal production, the miner has warned that pricing pressure is likely to continue as the COVID-19 pandemic dents demand for steel making and power generating coal types.
Read MoreOrigin Energy has joined the growing list of energy companies writing down the value of their assets because they have been forced to slash future projections for prices.
Read MoreA day after revealing over $US6 billion in asset write-downs, Woodside Petroleum has revealed record production for the June quarter and half year, but not it seems for revenues.
Read MoreChina’s iron ore, copper, soybean, and oil imports soared to new highs in June as the overall value of shipments into the country rose for the first time this year.
Read MoreThe spot uranium price fell incrementally last week for the seventh straight week.
Read MoreNot the news the market wanted to hear from Dacian Gold. Just as world gold prices sit near eight-year highs, Dacian has cut its outlook for 2020-21 gold production, news which sent the shares spiralling.
Read MoreOPEC, specifically Saudi Arabia has blinked on global oil production curbs. Confidence in the current level of global prices will take hit from reports that Saudi Arabia wants to slash the 9.7 million barrels a day production cut due to expire at the end of the month.
Read MoreGold finally ran out of puff on Friday, lower on the day but still holding above $US1,800 an ounce to notch up a fifth weekly gain.
Read MoreChalice Gold Mines – (ASX: CHN, Share Price: $1.155, Market Cap: $351m, coverage initiated @ $0.16 in March 2019 – current gain of 622%)
Read MoreIron ore exports hit record levels in the June quarter and in the year to June, according to figures from the Pilbara Ports Authority. That performance helped total iron ore exports for the year to June from the two major ports – Port Hedland and Dampier jump 3% to a record 717.3 million tonnes.
Read MoreRio Tinto surprised yesterday by revealing – in the midst of a recession – that it will close its ageing New Zealand aluminium smelter with the loss of 1,300 direct jobs and thousands more in other sectors.
Read MoreBrent oil futures fell below $US43 a barrel on in light trading on Friday as a holidaying America saw another record number of COVID-19 cases.
Read MoreOver recent months, junior resource companies in Australia have burst out of the blocks, propelled by robust investor support. Gavin Wendt looks at the drivers behind the sector’s significant renaissance which is allowing quality companies to flourish.
Read MoreExplorer Krakatoa Resources now has a second project just as promising – if not more so – than the deep porphyry copper/gold system it appears to have at its Belgravia prospect, in the prolific Lachlan Fold belt in New South Wales.
Read MoreOil ended the most tumultuous of half years and quarters that the commodity has had to endure, with the price of the key US marker crude, West Texas Intermediate contract falling to record lows around $US37 a barrel in April.
Read MoreGold futures topped $US1,800 an ounce on Tuesday for the first time since 2011, driven by growing uncertainty about the spread and renewed impact of the coronavirus pandemic on US economic activity and the country as a whole.
Read MoreShell slashes, thanks to the coronavirus – and it won’t be the last. Royal Dutch Shell says it will cut up to $US22 billion from the value of its assets as the oil giant warned coronavirus will deal a lasting blow to demand for energy products and the global economy.
Read MoreAs the global economy contracts over 2020 lithium, already suffering surpluses, is now affected by a hiatus in demand. How low will prices go?
Read MoreConcerns over the balance sheet and work in hand atPerenti Global have dissipated, with the company’s update supporting a robust outlook.
Read MoreThe disruption in global energy markets has claimed its biggest victim so far – Chesapeake Energy Corp filed for Chapter 11 bankruptcy protection on Sunday in the US, ending life as a fallen pioneer of the fracking boom and now bust.
Read MoreGold rose for the day and last week on Friday and more and more traders are looking for the metal to push higher. Oil futures, however, fell, as the continuing rise in US coronavirus cases and growing infections in other parts of the world damaged confidence in the economic recovery and demand for oil and gas.
Read MoreMCT has provided an exploration update with respect to the June 2020 Phase One drilling program at its Kookynie Gold Project in the Western Australia’s Goldfields region. MCT’s share price closed up by 107% – or $0.014 – to $0.029 in Thursday’s trade.
Read MoreA day after hitting the highest level since 2012, gold prices slid Wednesday amid growing fears of a second wave of infections swamping the US and some other economies such as India and Brazil.
Read MoreAhead of the Herd’s Rick Mills explains just what 5G is and how it will impact on demand for copper, silver and critical metals cobalt, gallium and cesium.
Read MoreThe gradual recovery in global economies coupled with curtailed supply are likely to be supportive of Australia’s iron ore prices in the coming months, writes Luke Smith, Portfolio Manager for Ausbil Investment Management.
Read MoreGoldman Sachs has raised its 12-month forecast for gold prices by 11% to $US2,000 an ounce. Goldman analysts also lifted their three-month view to $US1,800 from $US1,600 and its six-month forecast to $US1,900 from $US1,650.
Read MoreOil futures on Friday rose on Friday and the week as some signs of improvement in the global economy brightened the outlook for energy demand.
Read MoreCDV’s board has been exploring a range of potential transactions to maximise value for shareholders and they consider the Shandong Gold offer to be the best option for shareholders. We will watch developments closely to see if a rival bidder could emerge.
Read MoreThe steel-making ingredient that burst out of the blocks with the onset of the China boom during the early 2000s, has defied the sceptics and generated an earnings bonanza for the mining heavyweights that dominate the industry. Gavin Wendt digs into the dynamics driving the iron ore price.
Read MoreOil, gold, and silver futures rose Tuesday, as did iron ore as risk worries eased in commodity markets.
Read MoreAhead of the Herd’s Rick Mills explains how an increase in copper demand on one side of the world is meeting supply disruptions on the other.
Read MoreNo wonder iron ore prices are at their highest levels for nearly a year as a shortfall in supply from Brazil and surging demand for steel from China’s construction sector sent China’s crude steel output to an all-time high in May.
Read MoreLast week’s attack of nerves on Thursday saw gold down, copper down, silver weak, iron ore down, but up for the week, the US dollar a bit stronger ahead important production, investment and retail sales (and property) data to come out of China later today.
Read MoreWith the Fed prepared to do ‘whatever it takes’, gold and silver have a major role to play and senior mining analyst Gavin Wendt believes there is strong upside potential with respect to both, especially if you use their post-GFC price performances as a guide.
Read MoreIn news that will further rattle global iron ore prices, the office that enforces labour laws in Brazil’s Para state is stepping up an investigation into potential shortcomings in the way mining giant Vale has protected its workers from the coronavirus.
Read MoreChina’s iron ore imports in May fell 9% from April but were up on May a year ago even though prices rose 20% in the month to end above $US100 a tonne (for 62% Fe fines) for the in time in 10 months.
Read MoreOPEC, Russia but not all its allies have agreed to extend record oil production cuts by a month that will cut up to 9.7 million barrels a day from the global output.
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