Will ASX Mining Stocks Continue To Perform In 2020?
As we enter 2020, it would appear the market is expecting the iron ore price to go down significantly, given the price of Australian mining stocks.
Read MoreCommodities
Commodities Close Out 2019 On A High
A weakening in the value of the US dollar towards the end of 2019 (it ended around 6-month lows in late December against some currencies such as the Aussie dollar), plus supply constraints and other concerns helped most commodities end the year and decade with solid gains.
Read MoreCapricorn Secures Funding To Develop Karlawinda Gold Project
The execution of the debt financing facilities with Macquarie Bank completes the funding requirements for the Karlawinda project and is another major step towards the project’s development.
Read MoreRed Ink Marks The Spot At Metals X
The 2019-20 interim results for Metals X look like being stained with red ink after a gloomy trading update and downgrade on Wednesday and the 33% plus plunge in the share price on Wednesday got it right.
Read MoreChina’s Crude Steel Output Slows But Still On Track For Record 2019
While China’s industrial output recovered solidly in November, there’s a different story in steel output which fell to an eight-month low.
Read MoreCommodity Overview – Silver Market Outlook
In a recent interview, I had the opportunity to provide an overview of the current state of play with respect to the silver market. Accordingly, I thought it worthwhile to share some of these thoughts with my readers.
Read MoreVale Eyes “$60-$80” Iron Ore Price Amid Slow Recovery
While Vale, the big Brazilian iron ore miner, and exporter will be boosting sales in 2020, the impact of any increase will not be felt until the back half of next year as the company slowly rebuilds its ore inventories.
Read MoreChevron Writedown Underscores Glut In Fossil Fuels
In what could be the first of many reports from US energy companies, the giant Chevron Corp says it will write down the value of its US gas assets by more than $US10 billion when it reveals its 4th quarter figures next January.
Read MoreGrowing Inequality Threatens Mining
Ahead of the Herd’s Rick Mills explains why resource sector investors can’t afford to be blase about the growing global rift between rich and poor.
Read MoreChina Iron Ore Imports Headed For Record Year Despite November Slip
China is heading for its 4th year in a row of iron ore imports topping 1 billion tonnes with non-Brazilian exporters – mostly in Australia – able to make up for the multi-million-tonne shortfall from Brazil’s Vale in the wake of the January 25 mine dam wall disaster.
Read MoreIs Comet The Stock To Light Up The Graphite Sky?
Comet Resources (ASX:CRL) is an Australian junior graphite explorer poised for a strong 2020 on the back of resource growth and the delineation of higher grade mineralisation.
Read MoreOPEC Deepens Production Cuts Amid Supply Glut
Desperate OPEC and Russia have lifted the size of their daily production cap to try and offset a rising global oil glut that threatens to send prices lower in early 2020.
Read MoreGold Slump To Pressure Local Miners
Watch the share prices of local gold stocks like Newcrest, St Barbara, Evolution, Northern Star and Saracen after a big fall in futures prices on Friday.
Read MoreOrion Minerals Shores Up Prieska Potential
Orion Minerals – (ASX: ORN, Share Price: $0.03, Market Cap: $57m, coverage initiated @ $0.027 in Oct 2015)
Read MoreAs Talk Of Legend’s WA Nickel Find Gains Pace, Orion Looks To Be Sitting Pretty Right Next Door
Excitement is building around the expected release on Monday of the eagerly awaited assay results from the third hole drilled at Legend Mining’s (LEG) Area D prospect at its Rockford project in WA’s Fraser Range.
Read MorePanoramic Goes On The Attack Knocking Back “Opportunistic” Independence Bid
Now there’s one way of seeing off an unwanted takeover offer – do what the putative bidder doesn’t want to do, such as announce a capital raising when the bidder, Independence Group made such a move a condition of the offer failing.
Read MoreWhitehaven Hit By Higher Costs As Production Falters
Shares in NSW coal miner, Whitehaven Coal were punished yesterday after it cut its coal production outlook for 2019-20 and raised its cost forecasts,
Read MoreChina Data Helps Fortescue Top $10 Mark
Fortescue Metals shares closed at a new all-time high of $10.02 yesterday on news that Chinese manufacturing rebounded a little in November.
Read MoreCommodities Lag Equities In November
Commodities had a mixed month as key factors such as risk re-emerged, despite the continuing trade tensions between President Donald Trump and China, Brexit and the UK election and problems in Spain and Hong Kong.
Read MoreWhitebark Energy Shifts Focus To Wizard Lake
WBE has provided a progress update with respect to its Wizard Lake development in Alberta, Canada.
Read MoreLiontown Timing Its WA Lithium Project To Catch The EV Wave
Goyder aims to be Goldilocks with not-too-early, not-too-late development of Kathleen Valley.
Read MoreRio Tinto Greenlights Pilbara Iron Ore Expansion
The mini investment boom in the Pilbara iron ore province of WA continues with Rio Tinto approving a $1 billion $US749 million investment in its existing Greater Tom Price operations (100% owned) operations to extend the life of the mine.
Read MoreMaterial Matters: Copper, Iron Ore And Coal
A glance through the latest expert views and predictions about commodities. Large cap resources; copper; base metals; iron ore; and coal.
Read MoreEvolution Mining Joins March North With Newmont Goldcorp Deal
Australia’s move into the North American gold mining industry continues with Evolution Mining revealing a $US375 million ($A553 million) deal with the world’s biggest gold miner, Newmont Goldcorp, to buy the latter’s Red Lake gold mining complex in Canada.
Read MoreMetals X Halts Operations At Nifty Copper Mine
Nearly 300 jobs will go after Copper miner Metals X says it will immediately suspend operations at its Nifty Copper Mine in the eastern outback of Western Australia (near where Newcrest’s Telfer gold and copper mine is located and the recent copper, gold and silver strike by Rio Tinto).
Read MoreOil Rally Runs Out Of Steam, Gold Searches For A Fresh Catalyst
Oil futures fell on Friday, after reaching two-month highs on Thursday on renewed hopes for a continuation of the OPEC production cap and progress on the US-China trade war.
Read MoreIron Ore Creeps Up To Four-Week High
Iron ore prices rose again last week as local analysts and business media turned to other interests and ignored the gains.
Read MoreTalisman Mining Farms Into Lucknow Gold Project
Farm-in agreement with privately-owned Lucknow Gold with respect to the Lucknow Gold Project (EL6455) in NSW, to test potential down-plunge extensions of high-grade gold-bearing ore shoots.
Read MoreIs Copper Due For A Run?
The bellwether of global economic activity, copper has pretty much marked time over the last 12 months price-wise – a fair reflection of the sluggish conditions.
Read MoreUranium Week: Buyers Scramble
The sudden burst of buying interest appearing two weeks ago in the uranium market continued last week as producers stepped in.
Read MoreSaracen Minerals Swoops On “Iconic” Super Pit Stake
Saracen Mineral won’t have any trouble in raising close to $A800 million from shareholders to buy a half interest in the huge Super Pit open-cut gold mine in WA.
Read MoreTrade Optimism Lifts Oil, Takes Gloss Off Gold
Commodities had a softish week with oil doing well for the second week in a row, copper down for the week but gold weakening as risk moved back into vogue.
Read MoreIron Ore Edges Higher Despite Weaker China Data
Global iron ore prices shook off less than inspiring trade and production data from China for the month of October to notch up a solid gain last week.
Read MoreGold Price Breakout & Consolidation
While the central banks of emerging nations have provided gold price support through their purchases, many of the central banks from the world’s biggest nations have provided gold price support through their policy actions – specifically debt.
Read MorePromises Of A Happy New Year For Base Metals
Advanced explorers and emerging producers such as Aeon Metals and Todd River well-positioned to benefit from the upturn.
Read MoreIron Ore Price Rebounds As Vale Trims Guidance Again
The sharp fall in iron ore prices to well under $US80 a tonne received a lot of publicity and analysis, but it was a different case when prices regained that key support level a day later after Vale, the big Brazilian miner, downgraded its 2019 iron ore and pellets sales estimate and indicated that 2020 might not see as big a rebound as expected from the fallout from the January 25 mine tailings dam wall tragedy.
Read MorePower To The People, And Mining
Ahead of the Herd’s Rick Mills warns that as popular protests grow around the globe against government oppression, “country risk” is growing for mining company investors. Lithium and copper are particularly at risk.
Read MoreBHP Backs “Robust” Oil & Gas Outlook
Despite fears about peak oil and peak demand for oil, as well as the continuing pressure cut the use of fossil fuels, BHP remains a believer in oil and gas.
Read MoreChina Commodity Imports Hold Up In October
China’s commodity imports were again mixed in October reflecting the state of the wider economy.
Read MoreIron Ore Sheds Another 6% As China Imports Slip
Global iron ore prices have fallen another 6% as investors backed off futures markets activity and Chinese iron ore imports fell sharply in October from September.
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