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OZ Minerals
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Global Copper Supply Is Expected to Remain in Surplus in 2014
Apr 3, 2014Global copper supply is expected to remain in surplus in 2014 and continue to exert downward pressure on prices, Australia's Bureau of Resources and Energy Economics forecast in its March quarter report. "Although consumption is forecast ...
Tags: Copper, copper supply, Copper prices
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Mega Uranium Closed The Previously Announced Sale of Its Lake Maitland Uranium Project
Nov 25, 2013Mega Uranium Ltd. (TSX:MGA) ("Mega" or the "Company") is pleased to announce that it has closed the previously announced sale of its Lake Maitland Uranium Project ("Lake Maitland") in Western Australia to Toro Energy Limited ("Toro") ...
Tags: Mega, close, sale, Lake Maitland Uranium Project, Toro Energy
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OZ Minerals Ltd. Cut Forecasts for Annual Copper Production for a Second Time
Oct 15, 2013OZ Minerals Ltd. (OZL.AU) Monday cut forecasts for annual copper production for a second time this year after setbacks at its Prominent Hill mine in southern Australia. The Melbourne-based gold-and-copper miner said it now expects to ...
Tags: Copper Output, OZ Minerals
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Australian Share Market Has Outperformed Others in The Asian Region
Jul 30, 2013The 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
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Local Shares Rose Slightly as Lower Australian Dollar Led Investors to Sell Banks
May 13, 2013Local shares rose slightly in mixed trading yesterday as a lower Australian dollar led investors to sell banks and other high-yield plays in order to buy shares of companies that stand to benefit from a sustained fall in the exchange rate. ...
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Sharemarket Surged to Its Highest Closing Level in Almost Five Years
May 9, 2013The sharemarket surged to its highest closing level in almost five years yesterday, with the materials sector leading relatively broad-based gains after China reported stronger than expected trade data, Wall Street hit record highs and spot ...
Tags: Stocks, China Data
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Shares Climbed as Reserve Bank to Cut Interest Rates
Apr 23, 2013SHARES climbed yesterday following a rally in Japanese stocks and as some analysts saw potential for the Reserve Bank to cut interest rates next month. The benchmark S&P/ASX 200 closed up 0.7 per cent at a two-day high of 4966.6. The ...
Tags: economy
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Australian Shares Have Opened Slightly Higher, Buoyed by Resource Stocks
Apr 9, 2013AUSTRALIAN shares have opened slightly higher, buoyed by resource stocks . IG Markets Stan Shamu said resource stocks were benefiting from a rise in commodity prices following disappointing US employment data, which had pushed the US ...
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Error Putt Super-Profits Tax on Wrong Industry by Passing Half-Way Mark of Profit Season
Feb 19, 2013But passing the half-way mark of this interim profit season, we now have proof that his real error was putting a super-profits tax on the wrong industry. While profits were sliding at Rio Tinto, OZ Minerals and Wesfarmers' coal division, ...
Tags: Stocks, investment, Australia
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Sharemarket Closed Higher for a Second Day
Jan 6, 2013The sharemarket closed higher for a second day yesterday, buoyed by a last-minute budget deal in the US that drove global equities and commodity prices sharply higher on Wednesday night. The benchmark S&P/ASX 200 finished up 0.7 per cent ...
Tags: sharemarket, US, global equities, commodity prices
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Market Watchers Predict Local Sharemarket Will Forge Further After Surging Almost 15%
Jan 6, 2013Market watchers predict the local sharemarket will forge further ahead this year after surging almost 15 per cent last year, the result of a second-half recovery that defied concerns about sovereign debt in Europe and the US and a Chinese ...
Tags: shares, 2013, non resource sectors, sharemarket
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Shares Rose as Concern Grew Over Fate of US Negotiations on Fiscal Cliff
Dec 20, 2012LOCAL shares rose for the third straight day today, hitting a fresh 17-month high as investors sought defensive and higher-yielding stocks as concern grew over the fate of US negotiations on the so-called fiscal cliff. The benchmark ...
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Sharemarket Continued Climb as US Politicians Inched Closer to a Deal on Fiscal Cliff
Dec 20, 2012THE sharemarket continued its climb yesterday, reaching a 17-month high on positive news from Europe as US politicians inched closer to a deal on the fiscal cliff crisis. Utilities, energy, industrials, telecommunications, materials and ...
Tags: Positive, News Fuels, politicians inched
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Sharemarket Hit Fresh 17-Month High Today as US Lawmakers Inched Closer to a Deal
Dec 19, 2012THE Australian sharemarket hit a fresh 17-month high today as US lawmakers inched closer to a deal on the fiscal cliff problem. Utilities, energy, industrials, telecommunications, materials and financial stocks mostly rose despite some ...
Tags: Investor Sentiment, fiscal, cliff problem
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