Copper to rebound in second half: Xstrata
Demand for copper has become cyclical, said Xstrata’s copper chief Charlie Sartain. So there is expectation demand will pick up in the second half of 2012. Adding to this is a brighter forecast for the US.
BHP to reopen Tasmanian manganese plant
BHP Billiton has decided to restart production at its TEMCO manganese alloy plant in Tasmania following a 90-day suspension while it reviewed the ongoing viability of the operation.
Vale: iron ore sales brisk despite China
Brazilian miner Vale is selling iron ore about as fast as it can mine it despite a slowdown in the economy of China, its top customer, the company’s head of investor relations said on Monday.
Whitehaven lifts stake in Ferndale project
Listed coal producer Whitehaven Coal has earned the right to a 25 per cent interest in the Ferndale coal project in the Hunter Valley under a farm-in agreement with takeover target Coalworks.
Xstrata mulls geothermal for Argentina
Xstrata’s copper division has signed a tentative agreement to buy about 50 megawatts of geothermal power from an Earth Heat Resources venture in Argentina.
Qld ranks $2bn Gladstone terminal ‘significant’
A consortium of high-powered businessmen have won state significant project status for a new $2 billion-plus coal terminal project located at the industrial port of Gladstone.
DUET reaffirms increasing dividends
DUET Group has reaffirmed its outlook for continuing increases in dividends over the next three years, underpinned by growth from its businesses: United Energy, Dampier-Bunbury gas pipeline and Multinet.
GrainCorp lifts guidance after bumper half-year
Updated | Grain handler GrainCorp has lifted its full-year earnings guidance after beating market expectations with an interim net profit of $122 million, up 39 per cent.
Brightening skies for Sunrise gas
Hopes are rising that Woodside Petroleum is closer to breaking the stalemate over its Sunrise natural gas field in the Timor Sea, even as East Timor’s rhetoric against a floating liquefied natural gas project ramps up ahead of elections in July.
Toro strides ahead on Wiluna uranium
Toro Energy is in the box seat to develop Western Australia’s first uranium mine after the state Environmental Protection Authority recommended its $300 million Wiluna project for approval.
Spot iron down 10pc in month
The iron ore market has become increasingly fragile as weakening market sentiment hits Chinese steel producers.
Iron ore deferrals cast doubt on China story
Like a saucepan full of red bean soup, China’s economic outlook continues to simmer away despite much of the attention garnered by Europe.
Hope is gone, but China’s still going
The “hope premium” that has been priced into resource markets over the past three years is being ruthlessly stripped away right now.
Japan confronts a nuclear void
A battle over nuclear and renewable energy will determine Japan’s future but has also broader global implications.
Jac Nasser nails Labor
Hewett | Whack! Plain speaking BHP Billiton chairman Jac Nasser has never been one for equivocation when he sees a problem.
Double act but one message
The double act played out by BHP’s Jac Nasser and Marius Kloppers warns Australia about its minerals and energy future.
resource indices
| S&P/ASX 200 RES | 4,115.1 | + 52.2 | + 1.28% |
| METALS & MINING | 3,432.6 | + 37.0 | + 1.09% |
| GOLD | 5,224.5 | + 3.8 | + 0.07% |
| MATERIALS | 9,871.7 | + 121.5 | + 1.25% |
| ENERGY | 12,589.2 | + 225.7 | + 1.83% |
| UTILITIES | 4,836.7 | + 28.7 | + 0.60% |
All latest Resources news
Copper to rebound in second half: Xstrata
Demand for copper has become cyclical, said Xstrata’s copper chief Charlie Sartain. So there is expectation demand will pick up in the second half of 2012. Adding to this is a brighter forecast for the US.
BHP to reopen Tasmanian manganese plant
BHP Billiton has decided to restart production at its TEMCO manganese alloy plant in Tasmania following a 90-day suspension while it reviewed the ongoing viability of the operation.
Featured stories
Energy head’s policy warning
The federal government’s key adviser on the national energy market says the renewable energy target and carbon price uncertainty could delay investment in lower-emission generation.
Beach tips early first shale sales
APPEA | The Australian Petroleum Production and Exploration Association (APPEA) conference and exhibition continues was at the Adelaide Convention Centre.
Walker capitalises on Hunter Valley coalmining
Property developer Lang Walker has bought 56.7 hectares of land near Maitland in the NSW Hunter Valley, hoping to tap into rising demand for housing as a result of coalmining in the area.
GE offers $470m for Industrea
Industrea has been given approval to seek buyers for its contracting business after agreeing to a $470 million takeover from giant US conglomerate General Electric.
Mining Tax Showdown
Carbon sweeteners on their way
Some households will receive their first instalment of carbon tax compensation from today as the Gillard government begins its roll-out of sweeteners for low to middle-income households, courtesy of carbon tax and mining tax revenues.
Mining tax’s revenue pot shrinks
The federal government intends to spread the benefits of the mining boom, but the pot it tends to pay out from continues to shrink, dropping to $9.1 billion according to forecasts in Tuesday’s budget.
All industry experts
Japan confronts a nuclear void
A battle over nuclear and renewable energy will determine Japan’s future but has also broader global implications.
Jac Nasser nails Labor
Hewett | Whack! Plain speaking BHP Billiton chairman Jac Nasser has never been one for equivocation when he sees a problem.
Resources Quarterly
Big miners like to keep work DIY
ResourcesDaily Quarterly | When it comes to deciding whether to use a mining contractor or to mine its iron ore itself, Fortescue Metals Group director of developments Peter Meurs says his company isn’t wedded to either model.
Mining services sector ripe for consolidation
Family-owned mining services companies are dominating the resources sector as multinational mining giants swallow up the last of the independent coal producers.
CSG fires up Ostwald to expand rapidly
For the family owned company that started out in agricultural earthmoving and cattle feedlots, the coal seam gas business is something of a different tack.
‘Sweet spot’ for drilling, services firms
Australia’s LNG construction boom and the flurry of activity in unconventional gas exploration offer a wealth of business opportunities for equipment supply, engineering and specialised drilling.
RESOURCES COLUMNS
Classic outcrops excite at Condor
Carl Swensson felt a small pang of nostalgia when he heard the news that Rio Tinto was looking to sell the Argyle Diamond Mine.
Red stains of hope on a desolate plateau
Condor Blanco’s Carachapampa project at the foot of the Andes has got the right hues to get geologists excited.
The man at war with BHP
Meet the man taking on one of the world’s largest resources companies. Stephen Smyth is the lead negotiator for three unions that are locked in a bitter dispute against the No. 1 coking coal producer.
Southern coal link clears major hurdle
A $1 billion railway linking southern Queensland coal mines to coal ports near Gladstone has cleared a major hurdle.
Mining
Copper to rebound in second half: Xstrata
Demand for copper has become cyclical, said Xstrata’s copper chief Charlie Sartain. So there is expectation demand will pick up in the second half of 2012. Adding to this is a brighter forecast for the US.
BHP to reopen Tasmanian manganese plant
BHP Billiton has decided to restart production at its TEMCO manganese alloy plant in Tasmania following a 90-day suspension while it reviewed the ongoing viability of the operation.
Energy
Xstrata mulls geothermal for Argentina
Xstrata’s copper division has signed a tentative agreement to buy about 50 megawatts of geothermal power from an Earth Heat Resources venture in Argentina.
DUET reaffirms increasing dividends
DUET Group has reaffirmed its outlook for continuing increases in dividends over the next three years, underpinned by growth from its businesses: United Energy, Dampier-Bunbury gas pipeline and Multinet.
Logistics
Qld ranks $2bn Gladstone terminal ‘significant’
A consortium of high-powered businessmen have won state significant project status for a new $2 billion-plus coal terminal project located at the industrial port of Gladstone.
Leighton reviewing disclosure methods
Leighton Holdings has appointed an external consultant to review its disclosure procedures after breaching laws and being fined $300,000 earlier this year.
