RESOURCES CORNER

Juniors: We’re hurting too.
04 Sep 2013 - The ongoing downturn in the mining sector hasn’t only forced the hand of change among Australia’s top tier resources companies; Junior miners have been forced to slash jobs, freeze executive pay and re-arrange their JV agreements in order to stay above water.

Chinese investment moving away from mining
30 Aug 2013 - A new report from PricewaterhouseCoopers says that in the first half of 2013 Chinese investment in Australia’s mining sector ground to a halt, however the world’s second largest economic powerhouse directed investment toward other sectors.

The BHP edition
23 Aug 2013 - BHP Billiton Limited (ASX:BHP) saw its full year net profit fall by nearly a third and below analyst expectations, however still managed to rake in just over $12 billion.

Newcrest result takes shine off golden era
14 Aug 2013 - Gold miners such as Newcrest have been boxed into a corner and pummelled by prices, which have fallen 20 per cent since the start of the year, marking an abrupt halt to a decade long charge in the gold market.

China in iron ore focus
07 Aug 2013 - Iron ore ended a four week run of gains this week as Chinese steel producers lowered their demand, and analysts believe prices will feel the pinch of slower Chinese growth and increased local supply as the year goes on.

Mining sentiment plummeting: Newport
31 Jul 2013 - Confidence among miners is plummeting and mining executives are resigned to an increasingly gloomy outlook for the sector, according to the 2013 Mining Business Outlook by Newport Consulting.

Iron ore rallying but not recovering
17 Jul 2013 - Seasonal restocking and increased EOFY Chinese credit availability in parallel with boosted second half production in Australia have seen the iron ore price tap two month highs in the past week.

Mining services falling out of commission: EY
10 Jul 2013 - With expansion work in the mining sector slowing down at a decidedly fast rate, financial firm EY has released research that shows the value of Australian listed mining services companies has declined by a total of $12 billion in six months.

Port record undone by poor sentiment
03 Jul 2013 - Amid all the doom, gloom and angst of a resources sector headed on an apparent nosedive toward the end of its boom, it seems the Pilbara region is producing at all time high levels.

Staff cuts the living proof of mining decline
27 Jun 2013 - Global mining giants are cutting jobs in response to tumbling commodity prices and this week it was once again the coal sector where the pain was felt.