Guinea Iron Ore Project Turns Foul for Rio
Rio Tinto’s West African iron ore ambitions have come to a shuddering halt in Guinea, with a halt ordered to the work being done at the Simandou project in the country’s southeast.
Read MoreRio Tinto’s West African iron ore ambitions have come to a shuddering halt in Guinea, with a halt ordered to the work being done at the Simandou project in the country’s southeast.
Read MoreVolatility remains high across commodity markets with oil and metals leading the way, thanks to the continuing situation in Ukraine and growing sanctions against Russia and its key business figures.
Read MoreAfter years in the doldrums, exploration activity has stepped up in the most famous of all Australian mining areas, with some interesting discoveries revealed or hinted at. Broken Hill is back!
Read MoreA weather-related shortfall of Brazilian high-grade exports meant that global iron ore prices were rising well before the Russian invasion of Ukraine cut off supplies to the world late last month.
Read MoreNo longer the terroriser of retailers it has been since 1997, Amazon has reached middle age and needs a good sprucing up to keep it in the megatech capital gains game.
Read MoreUS consumer price inflation hit a new four-decade high in February, locking in the first rate rise for years next week from the Federal Reserve with at least two more increases to come this year.
Read MoreDepartment store operator Myer will pay shareholders a dividend for the first time in five years despite the company’s profits falling by 25% through the first half of the financial year.
Read MoreAfter two months of 2022 it is becoming clear sales of New Energy Vehicles in China are slowing, with the cut in the subsidy at the end of last year having an increasing impact.
Read MoreAustralian investors remain unconvinced that reports of the bailing out of Tsingshan takes pressure off Nickel Mines, with its shares plummeting again in Thursday’s trading session.
Read MoreCoal miner Peabody Energy has been forced to raise $US150 million after soaring coal prices forced it to find an additional $US534 million to satisfy a margin call on its derivative contracts.
Read MoreWatching the ASX share price for Nickel Mines today will give us a good idea if local investors accept stories from China that Tsingshan Holding Group has been bailed out.
Read MoreA reversal overnight in the commodity price surge which were dragged lower by a double-digit slide in oil prices, but it had all the hallmarks of a relief rally that may not be sustained.
Read MoreGovernor Philip Lowe has made it clear the RBA will not be coerced into lifting interest rates by calls from talking heads or the economics departments of the major banks.
Read MoreRatings agency Fitch has downgraded Russia’s sovereign rating by another six notches to ‘C’ from ‘B’ on fears sanctions and trade restrictions have undermined its willingness to service debt.
Read MoreNickel Mines shares lost nearly 5% on Wednesday after earlier going into a trading pause in the wake of a 22% selloff because of its ties to Chinese nickel processor Tsingshan.
Read MoreOrigin Energy has decided to monetise the recent surge in global oil and gas prices into a $250 million on-market share buy-back starting next month.
Read MoreIAG has increased its budget for natural disaster claims by $550 million after the recent flooding in NSW and Queensland, which has left it with 24,000 claims as of 6am Wednesday.
Read MoreVladimir Putin is moving to impose his own sanctions on the west, ordering his government to come up with a list of commodities and other products and western countries to be hit with restrictions.
Read MoreThe surge in global nickel prices in the past few days in trading on the London Metal Exchange LME), the world’s key metal market, looks like it has claimed a big victim.
Read MoreJust a few weeks after revealing its maiden ore reserve estimate for its Redcliffe Gold Project, Dacian Gold has revealed a significant upgrade in prospects at two key WA projects.
Read MoreAs rough a ride as the local market has had so far this year, take a minute to consider Hong Kong’s Hang Seng Index – which, after Monday’s 3.9% fall, is sitting at its lowest level since July 2016.
Read MoreThe Australian economy has shaken off Covid Omicron, with business conditions and confidence strengthening in February, according to the latest survey from the National Australia Bank.
Read MoreAustralian refiners Ampol and Viva Energy say they will stop using Russian crude oil in their plants after shipments currently en route arrive, making them the country’s last two to do so.
Read MoreChina’s export and import growth slowed noticeably over January and February as Covid outbreaks, surging commodity prices and the rise of tensions in Ukraine each took their toll.
Read MoreSuddenly, thanks to the Ukrainian invasion, the outlook for BHP’s Jansen potash project is looking much rosier, with Russia and Belarus the world’s second- and third-largest potash producing countries.
Read MoreThe AGL board has knocked back a 10% higher offer for the company from tech billionaire Mike Cannon-Brookes and international asset manager Brookfield valuing it at $8.25 per share.
Read MoreOn top of the continuing impact on markets of the Ukraine crisis, investors will also have to deal with the almost certain US rate rise late this week, as well as fresh US inflation data.
Read MoreMost commodity prices increased at close to the fastest pace seen in over half a century last week and plenty more volatility lies ahead for investors and the wider global community.
Read MoreThe ASX 200 futures ended up at the close early Saturday Sydney time, which implies that, unless there’s some major late development in Ukraine, the market should start the week on a positive note.
Read MoreIf China’s 2022 economic targets are any guide, the country is looking at a year of slowing growth, rising inflation and plenty of government spending to stop the economy stumbling into stagflation.
Read MoreFebruary’s jobs report has confirmed the health of the US economy – even if inflation remains a major concern – and markets seem to have accepted the looming rate rise and a few more to come.
Read MoreThe tough sanctions against Russia may have crippled the western arms of some of its key companies, but they have also had the flow-on effect of pushing some major commodity prices to near-record highs.
Read MoreAfter dropping out of the battle for Noront Resources, BHP has found another Canadian explorer it likes which has a huge emerging copper, gold silver deposit in a country it also likes – Chile.
Read MoreThe Russian invasion of Ukraine and the surge in key commodity prices, as well as the continuing push into renewables, will likely add to a further rise in exploration spending in Australia.
Read MoreNewcrest Mining was playing all coy on Friday in the wake of Greatland Gold’s sharp upgrade to reserves at their Havieron gold copper prospect in the eastern Pilbara of WA.
Read MoreIt’s official, Amazon can’t compete with the very bricks and mortar retailers it has been forcing to either close, change or move in different directions to escape the jaws of the online giant.
Read MoreCredit rating group Moody’s has once again given strong support to Qantas’s efforts to remain in business, despite the company’s continuing high levels of debt and delays to full flying.
Read MoreMarket forecasts of around $A9b for Australia’s trade surplus in January missed the mark completely – in fact they were not even in the same ballpark as the almost $13b reported figure.
Read MoreBuilding approvals fell sharply in January as semi-lockdowns and restrictions allied with the normal summer holiday slowed the approvals process at local and metro governments.
Read MoreChalice Mining says it has identified a major new area of interest at its globally significant Julimar exploration area in WA that could be similar to its first big discovery at Gonneville.
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