Emerging markets have been affected by a combination of factors, most obviously rising US interest rates and the subsequent appreciation of the US Dollar. However, what has not come out as clearly is the effect of rising commodity prices on economic growth. Show More
The sky is not falling was the message in September 2017. Our message was that the overall market did not show excessive valuations, which generally is a precursor to stock market corrections. However, our market outlook dimmed due to recent ‘risk-on’ rally, where most of the year’s return was delivered... Show More
Rio Tinto has reported an interim underlying profit of $US3.94b, up from US$1.56b a year ago. The result was slightly lower than consensus forecasts. Its interim dividend jumped to a record US$1.10 per share, compared to US$0.45 a year ago. Show More
Metallica Minerals is preparing to cash-in on China’s booming appetite for bauxite, with its Queensland project set to secure a mining licence followed by off-take deals. And Kairos Minerals, which has already returned strong results from its WA gold exploration project next to Breaker Resources, hits cobalt. Show More
Stavely Minerals is arousing investors with the prospect of a company-making porphyry-style copper-gold find in Victoria. Visual reports of the core are said to be “very encouraging”. And the alluring combination of borate and lithium fuels demand for new float. Show More
Rio Tinto (RIO) has reported a slightly better than expected full-year net profit of US$4.6bn. RIO’s Iron ore division posted a 17% lift in earnings to US$4.6bn For more Reporting Season coverage, please visit https://www.commsec.com.au/reportingseason Show More
Brad Potter, Head of Australian Equities at Nikko AM Australia recently visited China, primarily to find out what has been driving recent increases in iron ore and coal prices and whether they can be sustained. It appears that supply side reforms are taking place in the materials sector and there... Show More
I recently visited Perth to speak with some iron ore miners, before heading north to visit Fortescue Metals Group’s Solomon mining hub and Port Hedland infrastructure. Show More
Rio Tinto reported a strong set of numbers for the first half of the 2016 financial year, the headline numbers were in line with market expectations. The company’s cost control and future state planning was slightly better than expected. Production was strong in delivering expected operational performances in iron ore,... Show More
CommSec’s Tom Piotrowski speaks with Rio Tinto (RIO) CFO, Chris Lynch about the miner’s cost reduction initiatives and its decision to abandon its progressive dividend policy To view more Executive Series interviews, visit: https://www.commsec.com.au/market-news/executive-series.html Show More
Rio Tinto has reported a 51% drop in full year underlying earnings, in line with expectations. The focus though has been on its move away from its “progressive dividend policy” For more Reporting Season coverage, please visit https://www.commsec.com.au/reportingseason Show More
Rio Tinto boosted iron ore shipments by 11% in 2015, but has fallen short of its full year guidance of 340 million tonnes MORE MARKET NEWS AT https://www.commsec.com.au/market-news/the-markets.html Show More
RIO posted a 43% fall in HY profit to US$2.9billion ahead of market expectations. The result was impacted by lower commodity prices . For more Reporting Season coverage, please visit https://www.commsec.com.au/reportingseason Show More
Miners have a terrible record of investing shareholders' money. Rio Tinto's US$25bn writedown on Alcan stands out as the worst recent example, but it's far from the only one. A mammoth US$140bn in writedowns have been taken by the mining industry since 2011, according to a report by PwC. Yesterday... Show More
Good Morning, Show More
Good morning, Show More
Good morning, Show More
Has the plunge in the iron ore price created value in iron ore stocks? The simple answer is no. The iron ore price has crashed 45% over the past ten months to a five-year low, with iron ore-exposed stocks such as Rio Tinto, BC Iron and Fortescue sold off sharply.... Show More
The world's largest sovereign wealth fund: A closer look. In a move to increase transparency and strengthen the vote execution chain, the world's largest sovereign wealth fund is planning to publish how it will vote at annual meetings from 2015. On TradingFloor.com, Alex Forrest Whiting reveals five facts about Norway's Oil... Show More
Rio Tinto (ASX: RIO) has a strong outlook with respect to cashflow and dividends, but iron ore price weakness is causing uncertainty. UBS said today in a research note that it is positive on Rio due to improving free cashflow and the potential for a ~$4bn buy-back during February 2015,... Show More