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Stock Market & Financial Investment News

News Breaks
March 7, 2013
10:41 EDTCLF, BHP, RIORio Tinro economist reportedly says Iron ore prices to plunge, China Daily says
Iron ore prices are poised to drop 50% in 18 months, Rio Tinto's (RIO) chief economist believes, China Daily quoted the Herald Sun as reporting. Reference Link
News For RIO;BHP;CLF From The Last 14 Days
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July 23, 2015
05:23 EDTCLFStocks with implied volatility movement; MDLZ CLF
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July 22, 2015
11:34 EDTCLFOptions with increasing put volume and implied volatility: RSX CLF FFIV
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05:36 EDTBHPBHP Billiton reports FY15 group production up 9%
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July 15, 2015
19:06 EDTRIORio Tinto cuts FY15 global iron ore shipments to 340M tonnes due to weather
"Due to the weather disruption in 1H, anticipated [iron ore] shipments were reduced by around 7M tonnes. Accordingly, Rio Tinto now expects FY15 global [iron ore] shipments of 340M tonnes -- 100% basis -- from its operations in Australia and Canada," said the company. Backs FY15 bauxite production 43M tonnes, alumina production 8M tonnes, aluminium production 3.3M tonnes. Sees share of refined copper production 190,000-220,000 tonnes. Sees share of mined copper production 500,000-535,000 tonnes. Sees share of thermal coal production 18M-19M tonnes. Sees 3M-3.4M tonnes of semi-soft coking coal, 7.1M-8.1M tonnes of hard coking coal. Cuts expected titanium dioxide slag production to 1.2M tonnes from 1.3M. Sees share of diamond production 20M carats. Sees share of uranium production 5M pounds, at the lower range of previous guidance.
18:55 EDTRIORio Tinto reports Bauxite production up 5%
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18:47 EDTRIORio Tinto reports Q2 global iron ore shipments up 8% to 81.4M tonnes
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05:45 EDTBHPBHP Billiton expects to take $2B writedown on US energy assets
​BHP Billiton expects to recognise an impairment charge of approximately $2B post-tax against the carrying value of its Onshore US assets as an exceptional item in the 2015 financial year results. The gas focused Hawkville field accounts for the substantial majority of this charge reflecting its geological complexity, pproduct mix, acreage relinquishments and amended development plans. The remainder relates to the impairment of goodwill associated with the Petrohawk acquisition. Following this impairment, the Groupís Onshore US business will have net operating assets of approximately $24B. The value of this business is supported by ongoing cost reductions and improving well performance which help offset increased commodity price volatility and lower near term capital expenditure. Consistently positive results from the appraisal and development of the Permian have also unlocked significant value and we now see the ultimate potential of this field at over 150 kboe/d. BHP Billiton plans to invest $1.5B in the Onshore US in the 2016 financial year, which will support a development program of 10 operated rigs. At an oil price of $60 per barrel and a gas price of $3.00 per Mscf, the Group expects its Onshore US business to be free cash flow positive in the 2016 financial year.

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