New Vale Mine Closure Stirs Iron Ore Price
Iron ore prices look set to continue this week’s rally after Vale, the big Brazilian miner was forced to close an 11 million tonnes a year mine.
Read MoreIron ore prices look set to continue this week’s rally after Vale, the big Brazilian miner was forced to close an 11 million tonnes a year mine.
Read MoreThe high iron ore prices in the final half of 2019 saw BHP’s profit soar nearly 40% on the back of the boom in the price of steelmaking commodity, pushing interim dividend to a record 65 US cents a share from 55 cents paid previously.
Read MoreDespite smoke and dust from Australia’s bushfires hampering output at its coal operations, BHP has maintained its production and cost guidance across its portfolio for the year to June after an uneventful three months to December.
Read MoreAs 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 MoreA glance through the latest expert views and predictions about commodities. Large cap resources; copper; base metals; iron ore; and coal.
Read MoreWith a backdrop of low interest rates where should investors seek yield? Informed Investor sat down with Scott Kelly, Portfolio Manager for the DNR Capital Australian Equities Income SMA to find out.
Read MoreInvestors and analysts have welcomed the news that BHP has chosen senior executive, Mike Henry as the mining giants next CEO.
Read MoreBHP says senior executive, Mike Henry will become CEO of the mining giant from the start of 2020, replacing the incumbent, Andrew McKenzie who steps on December 31 and retires next June.
Read MoreDespite 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 MoreGlobal iron ore prices are again edging higher thanks to Vale, the big Brazilian miner, lowering its 2019 production forecast and producing a third-quarter profit smaller than expected.
Read MoreVale, the big Brazilian iron ore exporter has quietly trimmed it’s production and export guidance because of a new problem at the Itabira Complex, one of its key mining zones.
Read MoreBHP has joined rival Rio Tinto in maintaining full-year production and sales targets after a solid performance in the three months to September 30.
Read MoreA glance through the latest expert views and predictions about commodities. Coal; oil; alumina; iron ore; gold; and diamonds.
Read MoreA glance through the latest expert views and predictions about commodities. China infrastructure; iron ore miners; Indian industry; coking coal; oil; and rutile.
Read MoreThe Big Australian’s success is also good news for nearby tiddler Investigator Resources. Plus, NSW copper producer Aeris Resources hits back at market doubters with some exceptional drilling results.
Read MoreThe 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.
Read MoreNo 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 MoreMore 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 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 MoreStandby 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 MoreThe 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 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 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 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 MoreRohan 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 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 MoreIron 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 MoreBrazil’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 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 MoreThe 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 MoreThe risks associated with carbon-exposed commodities, specifically coal, are now “offset by upside to copper and nickel” according to BHP.
Read MoreDeutsche 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 MoreIron 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 MoreAustralian 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 MoreAs 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 MoreAs 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 MoreWorld 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 MoreExpect 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 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 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.
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