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