|Bid||48.55 x 100|
|Ask||48.66 x 2500|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||27.51|
|Forward Dividend & Yield||2.20 (4.44%)|
|1y Target Est||44.97|
Hugh Dive of Atlas Fund Management explains why "the next stop" for companies such as BHP Billiton and Rio Tinto is down.
Can Iron Ore Catch a Bid amid China’s Wobbly Growth Outlook? As we learned in the previous article, bumper margins have prompted Chinese steel mills to continue increasing their output. In 2017, Chinese steel prices rose ~30%, and they’ve remained buoyant this year.
Natural gas prices have seen some volatility over the past few months, bouncing between highs near $3.00 per million British thermal units (MMBtu) and lows just above $2.50. The commodity currently trades at roughly $2.
Ltd. (BHP.AU) said a class action has been filed in an Australian court over the 2015 dam failure at a Brazilian iron-ore mining operation that sparked a sharp fall in the miner’s stock. BHP’s Australian stock plummeted more than 20% in November, 2015, after a tailings dam wall collapsed at an operation it jointly owns with Vale SA (VALE). The company is already facing a class action complaint from shareholders in the U.S., which was filed in 2016 and is seeking an unspecified amount of damages.
In the previous article, we learned that Chinese iron ore imports remained weaker in June on higher inventories and environmental inspections.
Can Iron Ore Catch a Bid amid China’s Wobbly Growth Outlook? China consumes more than 70% of seaborne-traded iron ore. It’s therefore imperative for iron ore investors to track the country’s demand and outlook to gauge iron ore’s outlook.
Southern Copper (SCCO) is poised well on expansion projects and solid outlook for metal prices. However, lower production and higher debt remain concerns.
Lately, iron ore’s price action has been erratic at best. According to Metal Bulletin, benchmark iron ore is currently trading close to $64 per ton.
It’s been hard to be a shareholder in copper and gold stock Freeport-McMoRan (NYSE:FCX) over the last few years. The latest battle and subsequent bruising to its share price stem from issues with the Indonesian government at its largest mine — and there is finally some closure on that front. It’s even worse as it comes at a time when copper prices are starting to drop hard.
Iron ore output at the world's biggest miner rose to 72 million tonnes during the three months through June, compared with 70 million tonnes a year ago. BHP set a fiscal 2019 production target of 273-283 million tonnes. "We have delivered a strong finish to the 2018 financial year with an 8 per cent increase in annual production and record output at Western Australia Iron Ore, Queensland Coal and at our Spence copper mine in Chile," BHP Chief Executive Andrew Mackenzie said.
Ltd. (BHP.AU) said it produced 3% more iron ore last fiscal year, as its Australian mining operations churned out the commodity at record rates, while the company’s output of copper jumped and petroleum fell. The world’s biggest miner by market value on Wednesday reported iron-ore production totaling 238 million metric tons in the year through June. The company said its Australian operations hit a record annualized output rate during its fiscal fourth-quarter of 289 million tons, including the share of joint venture partners.
San Antonio-based oil company Castlerock Exploration LLC is targeting the Eagle Ford Shale for its first oil well.
It’s the mining world’s biggest dilemma: everyone’s hunting for copper deals, but even the richest producers just can’t pull the trigger. The industry has deep pockets for deals right now -- Rio Tinto Group may end the year having raised $8.5 billion from asset sales and rivals like BHP Billiton Ltd. and Glencore Plc are churning out massive profits.
Freeport's (FCX) latest move highlights a significant milestone toward establishing a new partnership with Republic of Indonesia for long-term stability of PT Freeport Indonesia's operations.
WallStEquities.com evaluates BHP Billiton Ltd (NYSE: BHP), Cameco Corp. (NYSE: CCJ), Cleveland-Cliffs Inc. (NYSE: CLF), and Cloud Peak Energy Inc. (NYSE: CLD). Last Friday, Melbourne, Australia headquartered BHP Billiton Ltd's stock declined 1.07%, to close the day at $49.12.
Barrick's (ABX) Q2 gold production figures are roughly in line with Q1 while AISC is expected to increase 5-7%. Also, the company lowers 2018 copper production view.
For eight years, Stern Hu rose every morning at 6 a.m. in Qingpu Prison near Shanghai. Everyone in Brigade No. 8, the foreign prisoners unit, knew Hu. Chinese-born, with an Australian passport and a shock of white hair, he’d been a star at Rio Tinto Group, one of the world’s largest mining companies, before being sent to prison in 2010 for stealing trade secrets and taking bribes.
BHP Billiton Plc (BLT.L) (BHP.AX) handed in a proposal for a new labour contract to the union at its Escondida copper mine in Chile that includes a salary readjustment linked to inflation and a $23,000 (17,432.17 pounds) bonus per worker, the company said on Wednesday. "We hope our workers value the effort the company is making to deliver this offer, which is sustainable," said Patricio Vilaplana, vice president of corporate affairs at Escondida. Labour talks at Escondida are in the final stretch before a 30-month contract expires at the end of July.