In July this year, manganese ore shipments from Australia's Port Hedland totaled 196,500 metric tons, increasing significantly compared to the low level of 72,500 mt recorded in June, and up 50.2 percent compared to the same month of 2012, ...
Tags: Overall Exports, mines
The Australian share market has outperformed others in the Asian region, as strength in the banking sector pushed it higher. Commonwealth Bank shares closed at a record high, and its three rivals also posted strong gains. That helped ...
Tags: share market
Australia's third-biggest iron ore producer Fortescue Metals Group Ltd (Fortescue) has announced its operating results for the second quarter of the current year. Fortescue CEO Nev Power pointed out that the company cut costs by 18 percent ...
Tags: Fortescue, Iron Ore Demand
Resource companies have shaken off a slowdown in Chinese manufacturing to help the Australian sharemarket finish higher. At 4.15pm AEST, the benchmark S&P/ASX200 index was up 18 points, or 0.36 per cent, at 5035.1. The broader All ...
Tags: Chinese Woes
AUSTRALIAN shares have closed slightly higher, boosted by gains from resource companies on the back of record production results from mining heavyweight Rio Tinto. Rio has announced it had increased iron ore production by six per cent to ...
Strength in the resources sector has pushed Australian shares higher, although the market lost some ground after China's finance minister lowered expectations for the country's economic growth. The S&P/ASX200 index passed 5000 points in ...
Tags: China Gloom, Miners
In June this year, manganese ore shipments from Australia's Port Hedland totaled 72,500 metric tons, decreasing significantly compared to the high level of 219,600 mt recorded in May, and down 48.8 percent compared to the same month of ...
Tags: Manganese Ore, Mineral
THE Australian stockmarket opened higher following gains on Wall Street and European bourses as Alcoa kicked of the US earnings season. The aluminium producer posted a sharp Q2 loss of $US119 million ($130.989 million) citing ...
Tags: Metallurgy, Mineral, Energy
In June of the current year, iron ore shipments from Australia's Port Hedland remained almost stable compared to May and were up 29 percent year on year, totaling 27.7 million metric tons. According to the information released by the Port ...
THE date September 14, 2012 is etched deeply in the memory of Charlie Aitken. For weeks leading up to that day, the wholesale managing director of Bell Potter -- considered one of the country's best stock pickers -- had been advising his ...
Tags: economy
China credit crunch fears sent the stockmarket tumbling almost 1.5 per cent lower, with investors fleeing materials as China called on its banks to control credit expansion risks and declared liquidity in its financial system was at "a ...
Tags: China, Investors, Banks, Financial System
Renewed demand for banking stocks has driven the overall Australian sharemarket higher. The benchmark S&P/ASX200 index was up 34.1 points, or 0.71 per cent, at 4825.9. The broader All Ordinaries index was up 29.5 points, or 0.62 per ...
Tags: Banking Stocks, Sharemarket
The Australian share market has closed strongly, posting its biggest gain in a single day so far this year. Strong overnight gains in US stocks after positive retail and jobless data and reports suggesting stimulus measures there were not ...
Tags: Stock Market
The sharemarket pared losses after falling to a four-month low today as the market began to speculate on the potential for a surprise interest rate cut from the Reserve Bank of Australia. A higher Australian dollar initially weighed on ...
Tags: Stocks, RBA Meeting
Australian stocks finished lower as investors sold off mining stocks due to weaker commodity prices. The benchmark S&P/ASX200 index was 38.3 points, or 0.78 per cent, lower at 4888.3 points, while the broader All Ordinaries index was 40.3 ...
Tags: Commodity Price, Rio Tinto, BHP Billiton