The performances of resource sector heavyweights BHP Billiton and Rio Tinto over the past three months indicate that the initial shoots of a resource sector...

The performances of resource sector heavyweights BHP Billiton and Rio Tinto over the past three months indicate that the initial shoots of a resource sector recovery might well be underway. BHP has recovered from a low of $30 to a current price around $37 (a 23% recovery), whilst RIO has recovered from a low of $50 to a current price around $62 (a 24% recovery). The recovery has been generated by better economic news emanating from China, coinciding with solid performances by key commodities. The lack of new project development now, particularly due to the funding crisis, is sowing the seeds of the next leg of the resources boom.


Gavin Wendt
Founding Director
MineLife

Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).

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