South32 Asset Sale Holds Key To Outlook
Capital management will be the focus for brokers when South32 reports in August. The other catalyst, a sale of South Africa Energy Coal, is considered unlikely to be resolved at that stage.
Read MoreCapital management will be the focus for brokers when South32 reports in August. The other catalyst, a sale of South Africa Energy Coal, is considered unlikely to be resolved at that stage.
Read MoreCommodities generally had a good week with most ending trading on Friday higher – but not oil, even though there was a spurt on Friday over the latest uptick in tensions in the Middle East.
Read MoreAcquisition of fully constructed and permitted New Elk hard coking coal mine in Colorado, USA that bridges the gap between permitting and construction of its Tenas Project in Canada.
Read MoreNickel prices have surged recently but as some brokers assess, fundamentals do not appear to be supporting the rally. Hence, a retracement is considered highly likely.
Read MoreI know this is the fifth time I am writing about gold but with the precious metal surging to fresh new multi-year highs I need to stress to readers the enormous opportunity that is being presented to investors.
Read MoreLike rival Rio Tinto, BHP has reported a rebound in iron ore output in Q4, at the same time the global mining giant has warned of $US1 billion in productivity losses for 2019, flowing from disruptions to operations across its commodities.
Read MoreRio Tinto also released its production update for the June quarter yesterday which confirmed the problems in its iron ore business in WA had cut output with a rise in costs per tonne.
Read MoreRio Tinto shares hardly moved yesterday despite the news of a major delay and cost blowout of up to 36% of the original $US5.3 billion estimate at its huge copper mine and underground project in Mongolia.
Read MorePresident Trump has rejected a request under section 232 to force US utilities to buy a quota of uranium from US producers.
Read MoreAnother solid month of China’s crude steel output which dipped a touch from May’s record.
Read MoreIron ore prices ended last week with a 4% gain, as China’s trade data for June confirmed a surprise dip in imports of the steelmaking material to the lowest level in more than three years.
Read MoreComex gold futures ended higher on Friday in New York, while oil futures rose last week thanks to continuing tensions in the Middle East and fears about the impact of a tropical storm in the Gulf of Mexico.
Read MoreActual earnings this week will be few in Australia, but the big news reports will the June quarter, full year and half year production reports from the country’s major miners.
Read MoreWalkabout Resources – (ASX: WKT, Share Price: $0.39, Market Cap: $123m, coverage initiated @ $0.12 in April 2016 – current gain of 225%)
Read MoreNewbie gold producer Dacian (DCN) served up some shock back in early June when it told the market that it should forget about its Mt Morgans operation being a 200,000 oz a year producer for 10 years at a cost of $A1,000 an oz.
Read MoreShares in NSW soft coking and thermal coal exporter Whitehaven Coal ended up 5% higher at $3.83 yesterday after the market took its 2018-19 June quarter and full year report to be good news.
Read MoreMore pressure on the global oil market with the US Energy Information Administration trimming its 2019 forecast for global demand for oil by 200,000 barrels a day.
Read MoreSunstone (ASX: STM) had a big day out on Tuesday when it updated the market on drilling progress at its multi-target Bramaderos project in southern Ecuador, well away from all the drama up north where 10,000 garimpeiros are said to have overrun a Gina Rinehart exploration property.
Read MoreCommodity prices took a hit last week, led by oil, gold, copper, and sliver.
Read MoreA sudden weakening in global iron ore prices now sees the commodity on the verge of a correction after China’s iron and steel lobby started whining about the impact of the sharp run-up in prices.
Read MoreWhile oil futures climbed Friday as tensions in the Middle East continued and offset the impact of a stronger US dollar, the session’s gain wasn’t enough and prices saw their first weekly loss in three weeks.
Read MoreCombining attractive chart patterns with exciting fundamentals is in essence the perfect marriage every investor should be looking forward to. Not only does it increase the probability of success but it also improves the timing of quickly achieving a return on your investment.
Read MoreA record trade surplus for May should be followed by a similar result for this month after successive five year plus highs for iron ore prices this week.
Read MoreYet another six-year high for global iron ore with the price of 62% grade ore now up more than 6.7% in the first two days of July and a whopping 74% higher so far in 2019.
Read MoreGlobal iron ore prices have continued their 2019 surge jumping to the highest level for more than five years.
Read MoreGlobal oil prices have edged higher after OPEC and its allies “enthusiastically came together” to extend their oil supply cuts until March 2020.
Read MoreThe impact of the latest iron ore driven resources boom was again underlined by the Reserve Bank’s commodities price index for June, the June quarter and the 2018-19 financial year.
Read MoreAhead of the Herd’s Rick Mills explains why it is currently a “perfect storm” for gold.
Read MoreThe winner in 2018-19 and so far in 2019 is…iron ore…with a gain of 82% over 2018-19 and the biggest winner amongst the miners continues to be Fortescue Metal.
Read MoreComex gold futures edged higher on Friday in New York and notched up their biggest monthly percentage gain in three years following a climb to a nearly six-year high earlier in the week.
Read MoreWe initiated coverage of ORN almost four years ago and we’ve witnessed the company’s steady progression, transitioning from grassroots explorer to emerging producer via the acquisition and subsequent advancement of its Areachap metal projects in South Africa’s Northern Cape.
Read MoreIf you let this gold bull market get away, in this cycle, there isn’t another booming sector to replace it.
Read MoreThere were many factors behind the 2017 Pilbara conglomerate gold bubble.
Read MoreThe future direction of gold and other commodities and markets will be set this weekend by the outcome of the offstage meeting between President Donald Trump and China’s President Xi at the G20 meeting in Osaka.
Read MoreRare earths group Lynas Corporation has made it even harder for stalkers like Wesfarmers to muscle into the company and take control.
Read MoreWorld gold prices continue to run higher yesterday and last night – topping the $A2,070 an ounce level after another round of solid gains. That’s the highest ever level for the Aussie dollar price of gold.
Read MoreUranium markets were dead quiet last week in anticipation of a possible decision from President Trump regarding 232, but they will have to wait another week.
Read MoreThanks to the US Fed and rising tensions in the Middle East over oil ships, Comex gold futures have reached the $US1,400 an ounce level for the first time in nearly six years.
Read MoreLike gold, oil had a very strong week – thanks to the rising tensions between Iran and the US.
Read MoreAnother record-breaking week for iron ore prices as they hit and passed through a succession of five year plus highs last week.
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