Iron Ore Price Dips To Six-Month Low
The share prices of BHP, Rio Tinto, and Fortescue are back under pressure after global iron ore prices fell another 6% on Wednesday to their lowest level in six months.
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Record Dividend At BHP As Profit, Production Undershoot
No pleasing some investors BHP’s profits may have hit a five-year high on the back of a spike in the surge of iron ore prices to more than six-year highs, helping boost the payout to shareholders to record levels, but the shares fell to their lowest level since February at one stage.
Read MoreEV’s Will Make Nickel A Once-In-A-Generation Investment Opportunity, Says BHP
More EVs and more nickel in each of them will drive nickel demand through the roof, says the head of BHP’s Nickel West arm. His forecast is great news for those juniors with large nickel deposits awaiting development, such as the Jaguar project just acquired by Centaurus from Brazilian giant Vale.
Read MoreIron Ore Price Makes Swift Retreat
Iron ore prices have tumbled again, losing more than 4% on Wednesday and yet investors in Australia were sanguine and ignored the slide when a week ago they were selling off the shares of the big miners with alacrity.
Read MoreTrade Spat Puts Iron Ore Price Under Pressure
Standby for another round of selling in the big three iron ore companies in the wake of a slump in global prices after Donald Trump’s move to step up his trade war with China.
Read MoreVale’s Slow Recovery Set To Underpin Iron Ore Price
The global iron ore market could be short by around 30 million tonnes a year from 2020 and gradually improving by 2021-2022 as Vale, the big Brazilian miner, battles to recover from the January tailings dam disaster.
Read MoreBHP On Track For Bumper Year Despite Productivity Losses
Like 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 MoreBHP, RIO Highlight Busy Week Of Resource Reports
Actual 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 MoreFortescue Surfs Iron Wave To Stellar Half
The 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 MoreHow Are BHP & RIO Positioned In The Current Commodity Pricing Cycle
Rohan Walsh is the Portfolio Manager of the Ironbark Karara Australian Equities Fund. In this video he discusses BHP, RIO and commodity prices.
Read MoreIron Ore Prices Rip Higher On Supply Crunch Fears
Iron ore prices have topped $110 a tonne for 62% Fe ore delivered to Northern China as BHP, Fortescue and Rio ship as much product as possible to China to make up for the shortfall from Vale and to exploit the high prices.
Read MoreRio Tinto Restarts Iron Ore Rally
Iron ore prices bounced more than 5% on Tuesday as Chinese steelmaker stocks eased again and Rio Tinto revealed it would not be selling as much of its key high-grade Pilbara fines blend and lump ore over the next two months.
Read MoreIron Ore Peaking?
Brazil’s Vale is plagued by problems at its iron ore mines and, despite surging prices, other suppliers are finding it difficult to make up the difference. Yet are prices peaking?
Read MoreRio Hits 11-Year High As Iron Ore Rally Continues Apace
Rio Tinto shares hit an 11 year closing high of $105.30 yesterday as world iron ore prices crashed through $US108 a tonne (More than $A156 a tonne).
Read MoreBHP – UBS rates the stock as Neutral
The company has presented a 10-20 year vision, acknowledging the world is changing and that BHP Group needs to change as well. The company envisages electrification and decarbonisation the two dominant themes evolving over the medium-long-term.
Read MoreWhy BHP Prefers Copper, Nickel Over Coal
The risks associated with carbon-exposed commodities, specifically coal, are now “offset by upside to copper and nickel” according to BHP.
Read MoreBHP – Deutsche Bank rates the stock as Sell
Deutsche Bank observes BHP is currently investing the lowest amount among the four majors and, along with elevated iron ore prices, this is maintaining cash flows at healthy levels.
Read MoreSupply Concerns Push Iron Ore Toward $100 Mark
Iron ore prices have jumped above $US97 a tonne – the highest price in four years as demand from Chinese mills continues and traders ignore the trade war escalation between the US and China.
Read MoreBHP, RIO Overtake Embattled Vale
Australian iron ore giants, Rio Tinto and BHP have moved to the top of the global pecking order thanks to the problems besetting its Brazilian rival, Vale.
Read MoreBHP Confirms Cut To Iron Ore Guidance
As expected BHP has been forced (like Rio Tinto) to cut iron ore production after Cyclone Veronica closed its export facilities at Port Hedland in late March.
Read MoreIron Ore Price Stirs In Response To Shortfall Concerns
As Scott Morrison and Josh Frydenberg were banking the 22% plus surge in global iron ore prices so far this year in last night’s Federal budget, it seems the shortfall in exports will be much larger than thought last week because of the growing impact of Cyclone Veronica on the Pilbara at the end of March.
Read MoreRio Declares Force Majeure Following Cyclone Veronica
World iron ore prices are poised to make a run back over $US90 a tonne after more doubt was cast on the level of Vale’s 2019 production while Rio Tinto has declared force majeure on some exports.
Read MoreVale Dam Fallout Deepens With More Mine Closures
Expect even more pressure on global iron ore supplies and prices after Vale was forced to shut two more iron ore mines in southern Brazil.
Read MoreVale Turmoil Deepens As CEO Quits
Vale management is in turmoil after the CEO of the world’s biggest iron ore miner stepped aside following pressure from Brazilian authorities over the Minas Gerais dam collapse.
Read MoreBHP Overcomes Bumpy Half To Hold Dividend Steady
BHP will pay an unchanged interim dividend of 55 US cents a share after reporting an interim result hurt by problems at the WA iron ore mining operations, a nickel processing facility also in WA, and copper mines in South Australia and Chile.
Read MoreIron Ore Continues Surge As China Returns
Shares in BHP, Rio Tinto, and Fortescue Metals group should continue running higher today with global iron ore prices hitting two-year highs in Asian trading yesterday after Chinese buyers returned to the market after last week’s holiday break.
Read MoreChina Set To Add To Iron Ore Surge
With stocks of iron ore at ports and mills low after the holidays, Chinese buyers will chase spot ore cargoes from today and could push the already high price of standard 62% ore past $US100 a tonne.
Read MoreDam Disaster To Boost Budget, Iron Ore Miners
Australia will be the beneficiary of the terrible mining dam disaster in Brazil which has killed more than 80 people with upwards of 300 missing. In fact, it would be true to say there is a silver lining for Australia in Brazil’s pain – a surge in iron ore prices that will, in turn, boost export receipts and government tax revenues.
Read MoreVale Suspension Set To Shake Iron Ore Prices
Global iron ore prices and the share prices of Australia’s biggest iron ore exporters will jump as Vale, the big Brazilian exporter takes 10 of its mines and their 40 million tonnes of ore offline while it replaces potentially dangerous tailings dams.
Read MoreBHP – Deutsche Bank rates the stock as Sell
Deutsche Bank lowers earnings forecast by -4.7% after the December quarter update. First-half outages have raised unit cost forecasts, while full-year guidance remains unchanged.
Read MoreBHP On Track Despite Train Derailment
BHP has told investors it remains on track to meet its yearly production forecasts across all its major commodities despite the “negative impact” of a series of incidents.
Read MoreBHP – Macquarie rates the stock as Outperform
Macquarie analysts have scaled back total shipment projections for the final quarter of 2018, but the analysts also see how buoyant iron ore prices continue to drive positive earnings momentum for producers in Australia.
Read MoreNickel West Restart Adds To Resources Revival
A couple of years ago, Nickel West was on the for sale list at BHP. This week BHP’s Nickel West division said ‘go’ to the first of a number of new mining developments in the northern Goldfields of WA after the State Government signed off on the Venus underground nickel mine near Leinster.
Read MoreBHP Flags Major Copper Find Near Olympic Dam
An announcement from BHP has confirmed that very quietly the next resources boom is taking shape, mostly in the states of WA and South Australia.
Read MoreBHP, Newcrest Investment SolGold Doubles Up On Copper Find
SolGold, the Australian originated, UK/Canadian listed small exploration group that now has BHP and Newcrest Mining as major shareholders, has produced another massive upgrade of its key copper/gold resource in Ecuador.
Read MoreRunaway Train Derails BHP Momentum
BHP could lose iron ore exports worth hundreds of millions dollars from this week’s rail derailment.
Read MoreEarly Christmas Present For BHP Shareholders
BHP shares jumped more than 4% at one stage yesterday after it confirmed its long-awaited capital management program using the proceeds of its abortive US oil and gas campaign that cost it more than $US20 billion in impairments.
Read MoreBHP Confirms $14.7b Capital Return To Shareholders
BHP has confirmed that it plans a huge buyback and special dividend for shareholders from the sale of its underperforming US shale oil and gas assets.
Read MoreCopper Dampens Solid Quarterly From BHP
Except for copper, BHP has made a solid start to its 2018-19 financial year with first-quarter iron ore production (its most important commodity) rising 8% on strong Chinese demand for high-grade ore which has helped drive the price of ore over $US70 a tonne tor the first time in six months.
Read MoreBHP – UBS rates the stock as Buy
UBS assesses that investors are mostly in favour of a buyback, and predominantly an off-market buyback of ASX listed shares as this can be accomplished quickly.
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