Browsing Tag

mining

Copper Takes a Beating

The price of copper took a beating and was down 1.33% at $6,468 a metric ton in London, with the rest of the base metals complex also firmly in the red. Copper prices have dived by more than 7% since hitting their three-year peak on…

Rio Tinto Expands Mining Farm

Rio Tinto has formally opened its new $US338 million Silvergrass iron ore mine in Western Australia’s Pilbara region. The 10 million tonne per annual operation is the company’s 16th mine and represents the first new iron ore mine in…

BHP Billiton Grant King Retires

BHP Billiton has announced a board shake up that will see Grant King depart just six months after his appointment “owing to concerns expressed by some investors”. The company said Mr King had decided not to stand for election to the board…

Fortescue Share Price Low

Although the market has bounced back from yesterday’s decline and is up 0.3% in morning trade, the Fortescue Metals Group Limited (ASX: FMG) share price and the Atlas Iron Limited (ASX: AGO) share price have sunk deep into the red. At…

S&P Copper Report

S&P 500 Copper (Sub Ind) (INDEXSP:SP500-15104025) S&P Copper closed up 8.048 at 148.592. Volume was -0% below average (neutral) and Bollinger Bands were 20% wider than normal. Open             High              Low…

Fortescue Metals Group Forecast

The Australian company shipped 44.7 million tonnes of iron ore in the June quarter, a 13% increase from the March quarter and a 3% rise from the same time last year. The company shipped 170.4 million tonnes in the 2017 fiscal year and is…