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For our final episode of 2023, we had the great opportunity to chat with two journalists whose work we've followed for a long time. Peter Ker has covered the resources sector for the Fin for over a decade while Anthony Macdonald wrote under the Street Talk banner until this year, when he became a Chanticleer columnist. The duo has a wealth of experience covering M&A, natural resources companies and plenty more. A big shoutout to all the Money Miners who've tuned in this year, we massively appreciate it and are looking forward to 2024, Hooteroo! All Money of Mine episodes are for informational purposes only and may contain forward-looking statements that may not eventuate. The co-hosts are not financial advisers and any views expressed are their opinion only. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional. Thank you to our Podcast Partners: InvestorHub – The go-to Digital Platform shaking up the Investor Relations industryEmail rhori@investorhub.com for more information DSI Underground - Supplier of Ground Support Products to the Mining and Tunnelling industries Terra Capital – Specialist investment manager in the natural resources sector McMahon Mining Title Services (MMTS) – Australia-wide tenement service experts Futureproof Consulting – Specialist mining-industry sustainability consultants providing ESG solutions for miners of all sizes, stages and commodities Anytime Exploration Services – Exploration workers, equipment, core cutting/storage + much more KCA Site Services – Underground mining machine hire for IT's, normet's, trucks and more Brooks Airways – Perth's leading charter flight operators K-Drill – Safe, reliable, and productive surface RC drilling Buy your Money of Mine MERCH here Join our exclusive Facebook Group for the Money Miners and request access to the Hooteroo chat group. Subscribe to our weekly newsletter HOOTEROO HERALD Follow Money of Mine on YouTube Follow Money of Mine on Twitter Follow Money of Mine on LinkedIn Follow Money of Mine on Instagram TIMESTAMPS (0:00:00) Introduction(0:01:35) Money of Mine's very first episode(0:03:42) Flying over for an East Coast trip(0:05:43) Making a schmick decline(0:07:48) Anthony Macdonald + Peter Ker on MoM(0:09:18) Geopolitics: The IRA & beyond(0:17:34) The profitless boom(0:18:50) Baffling Biollionaire behaviour(0:23:22) Where is China going?(0:25:01) ESG investing in review(0:30:31) Deal themes: Blocking stakes(0:35:17) The impact of Super Funds(0:41:38) Big M&A: Newmont + Newcrest(0:47:25) Will BHP make Olympic Dam work with Oz Minerals assets?(0:50:32) Santos + Woodside: Will it happen?(0:54:02) Looking forward: Inflation + interest rates(
This week we talk about renewables, open-pit mines, and the Bronze Age.We also discuss the Cobre mine, First Quantum, and environmentalism.Recommended Book: The Possibility of Life by Jaime GreenTranscriptDepending on whose numbers you use, and where you choose to place your chronological brackets, the Chalcolithic, or Copper Age, began around 5,000 BCE, around 7,000 years ago, with the smelting of copper at high temperatures.The oldest confirmed and dated site relevant to the beginning of this age is in Serbia, though this capability seems to have been developed, independently, at various places around the world within a few thousand years of each other, including China, North America, in the Great Lakes region, and in what is today Pakistan, as well, among other locations.The process of smelting copper that was practiced in Eurasia, in what we might today call Central or Eastern Europe and Western Asia, slowly moved the continent out of the Neolithic period, which was largely defined by humanity's construction of organized settlements, widespread adoption of agriculture and animal domestication, and large-scale pivot away from nomadic, hunter-gatherer-style ways of living.Folks at that time were also getting a lot of mileage out of early ceramics and stone tools, alongside all sorts of ornaments and artworks made of these and other materials that required skill and some level of technology to use, but which didn't require metallurgy.Humans were still using a lot of stone tools during this period, then, but started to include heat-worked copper elements into their tools, as well.So the Copper Age saw the development of very basic metallurgy by many interconnected groups throughout this part of the world, and though some early writers on the subject grouped the use of copper and bronze together, defining a much larger period as the Bronze Age in an undifferentiated way, modern scholarship on the matter, beginning in the late 19th-century, breaks them apart into the earlier Copper and subsequent Bronze Ages because the manipulation and use, and often then the heavy reliance on copper tended to segue a society, eventually, toward bronze, the latter being more difficult to wield, and the former generally serving as a transitional sort of technology.And that's because copper is one of the rare metals that naturally occurs in a usable form in the Earth: so folks were using copper for a variety of purposes as far back as 8,000 BCE-ish, but we tend to use the smelting of copper as a delineation for the eponymous age, because that's when humans started to really work it, having become capable of building the technologies required to reach the requisite heat levels, and to control the metal and shape it, rather than simply finding it in its raw form and using chunks or slivers of it for decoration or weaponry-related purposes.Bronze is an alloy consisting of copper and tin, and the proper melding of these two metals makes the resulting substance, bronze, a lot more durable, resistant to environmental wear, and more capable of holding its shape: that also means it's a lot more difficult to work, if you want to make things out of it, but it also made things like armor and sword edges dramatically more effective, which is why when civilizations learned how to work it and built the infrastructure necessary to do so on scale, they tended to do pretty well, in terms of military victories and economic competition, compared to their bronze-less neighbors.Copper, though in some ways replaced by its alloys, like bronze, for many use-cases throughout history, has continued to be incredibly useful for a broad range of purposes, and what I'd like to talk about today is the closure of a copper mine in Panama, and the predicted global copper shortage we may soon face.—In the latter-half of 2022, the International Copper Study Group, or ICSG, reported that they expected a copper surplus of around 155,000 tonnes on the global market in 2023.That would represent a small surplus, as about 26 million tonnes of copper land on the international market each year, but a surplus of any kind would have been notable, following a long period of deficits, largely due to a huge amount of growth and construction throughout China, and a failure of international copper mines to produce as much marketable metal as they're theoretically capable of producing.The ICSG updated their expectation in early 2023, changing their official expected figure from a surplus of 155,000 to a deficit of 114,000 tonnes, and that's following a deficit of 431,000 tonnes in 2022.The upside of which is that the world has been demanding more copper than has been produced for a while now, and while current deficits are low compared to the record-high deficit of about 1 million tonnes in 2014, some prognosticators are saying we could see a deficit of somewhere between 1.5 million to 9.9 million tonnes by 2035, depending on how a collection of variables play out in the coming years.One major variable is how expansively and aggressively the world's governments and companies decide to invest in and deploy new, renewable energy-centric technologies and accompanying infrastructure.Copper is fundamental to the production of solar panels, electric vehicles, battery storage technologies, and even the cables that, when strung together, form our electric grids.Because of that funamentalness, copper is generally seen as being an easy bet, in terms of production investment, because it's so necessary for development and growth and building things, that—using existing technologies and systems and methods, at least—we'll always need more of it.And there is investment in copper projects around the world, including a slew of recent takeovers, like the April 2023 approval for BHP Group to buy OZ Minerals for nearly $6.4 billion, and the attempt by Swiss multinational Glencore to buy-out Canadian-owned Teck Resources for around $23 billion, which failed, but that eventually led to a separate deal for Glencore to buy Teck's steelmaking-grade coal business for around $9 billion; so Teck held on to their copper business in that deal, but that more than $20 billion price tag gives you a sense of how big this market is, and how competitive it's getting.The issue, though, is that while there's interest in this industry, and a lot of growth potential more or less baked into the way the world is going, with so many new renewables being deployed and grid systems needing to be upgraded essentially everywhere to account for more transmission of larger volumes of electricity to more locations, there's still a lack of sufficient mined copper—growth in mining volume has sputtered, and some analysts have suggested that with copper as cheap as it is, there's less appetite to invest in that side of the industry; as of September 2023, the average price of a key grade of copper was just over $8,500 per tonne, and some analysts have said the price needs to be something like $15,000 per tonne, nearly double that, in order to justify the necessary investment in mining volume capacity.Thus, we're at a moment in which we're already short of copper, we're expected to, globally, need a lot more of it very soon, but the price isn't high enough to justify expanding output, and that means we could run up against a shortage before the price reaches the point it needs to be at, which may then compound the issue for several years, until that new capacity can be built-out and come online, at which point we may be way behind on this transition, but also possibly hurting across other endeavors, as well, like making repairs to infrastructure, building new buildings, and even expanding access to fundamental services like telecommunications, because all of these things require a substantial amount of copper, which could become quite expensive for a while, if a balance isn't established, soon.That potential for a global shortage and concomitant price increase spiral is part of why news out of Panama, regarding a copper mine called the Cobre mine, is so unwelcome to many market watchers.The Cobre mine, located about 75 miles or 120 km west of Panama City and just shy of the Caribbean coast, is a huge open-pit copper mine that spans about 53 square miles or around 138 square km, and, according to many environmentalists, is severely damaging to local ecosystems, including the jungle area where it's located, and it substantially depletes local water supplies.The mine also accounts for about 1% of global copper output, somewhere between 3.5-5% of Panama's total GDP, and employs something like 8,000 people directly, and tens of thousands more, indirectly.A Canadian company called First Quantum bought the land in 2013 and started building it in 2014, and it then began operation in 2019.A concession for the land had been granted to another company by the government, and that concession was confirmed with the passing of a law in 1997.A lawsuit was brought to the country's Supreme Court in 2009, the idea being that the concession was illegal because there hadn't been a public tender on the matter—no bidding process, basically—so the concession should be deemed illegal as the process of granting it was maybe corrupt.In 2017, the Supreme Court agreed with that claim, but in 2019 when the government attempted, unsuccessfully, to basically just give a new concession similar to the old one, to make the mine and the company operating it legitimate in the eyes of the law, First Quantum was just beginning to make its first shipments of copper from the mine, and in 2021, when negotiations had finally started up for a new contract, since that 2019 attempt didn't work, the mine was already nearly at full production strength—so the realities on the ground behind all of this legal maneuvering became trickier and tricker, because not only was this company nearing full operational capacity, it was bringing in money for the government, it was employing gobs of people, and it had pretty firmly rooted itself in the region—to the chagrin of many, but also to the benefit of many, because of all that money and employment.The mine ended up closing for two weeks in late 2022, leading up to a decision by the Panamanian congress, which, in October of 2023, approved a new bill that, like the old bill that was declared unconstitutional, would allow First Quantum to keep mining copper in the area, despite the environmental issues inherent in the work they have been doing there, and the alleged corruption and non-constitutionality of the process granting them mining rights.A wave of protestors surged into the streets across the country, blocking roads and shipments and the conduct of normal business, and while there were a few skirmishes where police hit protestors with tear gas, these protests remained mostly peaceful.Protestors said they didn't think it was constitutional to approve the mine the way the government did, and that it seemed as if the president was secretively pushing something he wanted to get done, despite the contract—like its predecessor—not being valid.Then, in late November 2023, the Panamanian government ordered the mine closed, following the Supreme Court's ruling that, yes, this new bill granting the mining company concessions wasn't legal, either.We're now entering a period of uncertainty in regards to the mine's future, as there's a chance international arbiters will decide that First Quantum should receive a huge payout for their troubles and investments, or, if things were to go a different direction and they were to negotiate a new, constitutionally allowable contract, allowing the mine to start back up in some capacity, things could still be tricky, as the mine has lost around half its global market share since those huge protests began back in October.There's also a chance the Panamanian government could nationalize the mine, or that the mine will simply close forever, though that still leaves questions about what will happen to the surrounding area, much of which has been deforested or otherwise harmed by the size and open pit nature of the mine.This issue has become a big deal in Panama, as it touches on some touchy subjects, like alleged corruption by politicians—it was assumed by many that the president and his government were behaving corruptly in this matter, because the payout the government would receive from the Canadian mining company was considered to be quite small, compared to what the company would take—but also environmentalist issues, which have become increasingly vital at a moment in which much of the wealthy world is attempting to shift their raw material needs, especially those that come with environmental damage, overseas.And some poorer nations are attempting to fight that shift, but with mixed results, as in some cases those raw materials provide them with much of their export-related wealth, as is the case in Panama, where something like 80% of its exports reportedly came from this mine.There are also issues of international concern here, though, because of those aforementioned global copper needs and how the surge of investment in renewables and accompanying infrastructure and technologies require a lot of raw materials like copper, but also lithium, cobalt, and other such metals and elements.The conflict, then, is that there's still an imbalance here, as although some nations might be able to flip the switch on mining some of these newly desirable materials and selling them to wealthier nations, become something like the next-stage of a petro-state, there are also valid concerns related to the killing-off of local ecosystems and flora and fauna, in pursuit of what amounts, through the eyes of some, to a quick buck.Is it worth attaining some amount of money if you have to trade the environmental well-being of your country to do so?That's the question Panama has asked itself, and it has apparently decided in favor of its environment, though this is a question many other people in many other places are asking themselves right now, too, and their answers will further inform how this global transition plays out, and what sorts of trade-offs will or will not be made in the process.Show Noteshttps://apnews.com/article/panama-mining-canada-first-quantum-mineral-arbitration-6530dceccfb60fb9a06bc3136c04d2cchttps://apnews.com/article/panama-mine-copper-protest-environment-economy-6e893c48311540eeb81ce35173b9f558https://apnews.com/article/panama-copper-mine-supreme-court-canadian-629d8a7838f23cc4ed845a1b3c7a2941https://www.wsj.com/world/americas/panamas-supreme-court-rules-against-first-quantum-mine-bab0cfa2https://www.bbc.com/news/world-latin-america-67565315https://en.wikipedia.org/wiki/Cobre_mine,_Panamahttps://www.aljazeera.com/economy/2023/11/30/panama-celebrates-court-order-to-cancel-mine-even-as-business-is-hithttps://www.ctvnews.ca/canada/canadian-owned-mine-will-begin-closure-in-panama-after-contract-deemed-unconstitutional-1.6668760https://www.reuters.com/markets/commodities/top-panama-court-rules-first-quantum-mining-contract-unconstitutional-2023-11-28/https://www.wsj.com/articles/copper-shortage-threatens-green-transition-620df1e5https://www.eetimes.com/copper-may-be-the-next-real-shortage/https://www.reuters.com/markets/commodities/coppers-anticipated-supply-surplus-is-proving-elusive-2023-05-10/https://about.bnef.com/blog/copper-prices-may-jump-20-by-2027-as-supply-deficit-rises/https://en.wikipedia.org/wiki/Neolithichttps://en.wikipedia.org/wiki/Copperhttps://en.wikipedia.org/wiki/Chalcolithic 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Minerals 260, a member of the Tim Goyder stable, was spun out of lithium success story Liontown Resources. The idea was to put all the non-lithium assets in a new company. But as things have turned out, Minerals 260 now boasts a compelling lithium exploration project near the big Delta lithium project in WA. But the story certainly doesn't stop here, with new chief executive Luke McFadyen on the march in search of growth. The former Oz Minerals exec is a man in a hurry with a big appetite for action. In this podcast, he explains what he is looking for and how he is going about it. ---- Produced by Resource Media ---- The Hole Truth is a product of Read Corporate. Please note that Read Corporate does not provide investment advice and investors should seek personalised advice before making any investment decisions.
In New York overnight, markets had a strong run with all three major benchmarks closing with strong gains. The Dow Jones and the S&P500 both had their best session since January, closing 1.6% and 1.96% higher respectively. Meanwhile the Nasdaq rallied 2.43% higher, as strong results from Meta Platforms boosted tech-related companies. Meta shares leapt 14%, after the company reported quarterly revenue that topped expectations, and issued a positive forecast. European markets were also in the green, as strong corporate earnings overcame the concerns around the US banking sector. What to watch today:The Australian market is set to jump 0.75% at the open this morning, following Wall Street's advance. In commodities, Oil is trading higher, after losing nearly 6% in the past two sessions, as recession fears and renewed concerns about the banking sector outweighed falling US inventories and the prospect of weaker global supplies. The US oil benchmark also gave up all the gains from earlier this month when OPEC+ announced a surprise production cut.Gold is at its lowest level in over three weeks with a rebound in risk sentiment and expectations of tighter monetary policy from the Fed. And iron ore prices fell under US$110 per tonne, the lowest since December, as a demand downturn rom steel makers risked the oversupply of iron ore. Quarterly reports from the following companies are set to be released today, so keep watch of the share price movements of these stocks. These include Coles (ASX:COL), IGO (ASX:IGO), Mirvac Group (ASX:MGR), Origin Energy (ASX:ORG), Oz Minerals (ASX:OZL), ResMed (ASX:RMD) and Volpara Health Technologies (ASX:VHT). Trading Ideas: Bell Potter have a Speculative Buy rating on PointsBet Holdings (ASX:PBH), after a recent media report suggested the company could be considering a potential sale of its US business for around US$500 million. Bell Potter says the value looks reasonable or even conservative if other media reports are accurate. The company has also considered the potential sale of its Australian business for around AUD $250 million. Bell Potter have increased their valuation from $2.75 to $3.00, and at the stock's current share price of $1.65, this implies 81.8% share price growth in a year.Trading Central have identified a bearish signal in Austal (ASX:ASB) indicating that the stock price may fall from the close of $1.65 to the range of $1.46 - $1.50 over 18 days, according to the standard principles of technical analysis.
US equities kicked off earnings week on a positive note, with all three major benchmarks making gains overnight, in fact, all three benchmarks closed 0.3% higher. US financials will be in focus this week with the Bank of America reporting tonight and Morgan Stanley reporting on Wednesday. Investors have been keeping a close eye on the banking sector after the collapse of Silicon Valley Bank last month. European markets closed mixed. Germany's Dax, France's CAC and the STOXX 600 were all lower, while the FTSE 100 rose just 0.1% by the close. What to watch today:The Australian market is set to open 0.23% lower this morning, according to the SPI futures. BHP's (ASX:BHP) takeover of OZ Minerals (ASX:OZL) was approved yesterday and will be finalised in early May. In December last year, OZ Minerals announced that it had entered a Scheme Implementation Deed with BHP. The implementation date is May 2nd, when BHP will pay $26.50 per OZL share as the Scheme Consideration, and OZ Minerals will pay $1.75 per OZL share as a fully franked special dividend. In economic data, today the RBA's meeting minutes will be released at 11:30am AEST, which will provide some insights into the meeting when the central bank decided to hold the cash rate steady for the first time in 10 months. And attention this week will be on China's gross domestic product report on Tuesday and UK CPI numbers on Wednesday. In commodities, The oil price is trading over 2% lower, as concerns mounted that further rate hikes from the Fed will hurt growth even more. However, also note that GDP growth data for China that is due to be released tomorrow, which should offer some relief for a fall in oil demand. Gold is 0.4% lower as investors continue to assess the monetary policy outlook. Iron ore is trading flat. Auckland International Airport (ASX:AIA) and Hub24 (ASX:HUB) are set to release quarterly reports today, so keep watch of those share price movements today. Trading Ideas:Bell Potter have initiated coverage on Brickworks (ASX:BKW) with a buy rating. BKW is a building materials and property developer. Bell Potter says that on face value, the company looks reasonably priced relative to listed peers, however, a high presence of equity accounting masks what is relatively low-cost exposure to a residential housing recovery, with BKW's core Building Products business trading at an approximately 11% discount to the peer group. Bell Potter's price target is $27.00. At the stock's current share price of $23.56, this implies 14.6% share price growth in a year. Trading Central have identified a bullish signal on Core Lithium (ASX:CXO) indicating that the stock price may rise from the close of $0.93 to the range of $1.12 to $1.16 over 17 days, according to the standard principles of technical analysis.
Felicity and Candice talk with Owen Hegarty who has more than 40 years of experience in the global mining industry. This includes 25 years with the Rio Tinto group where he was Managing Director of Rio Tinto Asia and Rio Tinto's Australian copper and gold business. Owen was the founder and Managing Director of Oxiana Limited, where he led the growth of Oxiana from a junior explorer to a major Asia Pacific base and precious metals producer. Oxiana became OZ Minerals.Owen is the founder and currently the Executive Chairman of EMR Capital, a specialist mining private equity company. EMR has some US$2.5 billion funds under management and has 8 mining projects and operations worldwide.In this episode Owen shares insights into his extensive career, the inspiration behind starting Oxiana, and whether he ever envisioned it becoming a target for BHP. He also discusses the risks and challenges faced by the sector, as well as how the industry is working to address these issues.Follow Talk Money To Me on Instagram, or send Candice and Felicity an email with all your thoughts here. Felicity Thomas and Candice Bourke are Senior Advisers at Shaw and Partners, and you can find out more here. *****In the spirit of reconciliation, Equity Mates Media and the hosts of Talk Money To Me acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. *****Talk Money To Me is a product of Equity Mates Media. This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional. Equity Mates Media operates under Australian Financial Services Licence 540697.Talk Money To Me is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.
In many geoscience communities, the topic of declining enrollments globally across the discipline is very worrying. How can we demonstrate to the public the critical role earth science plays in supporting well-being of both human society and ecological systems? This episode highlights inspiring stories from three continents in the southern hemisphere – all early career scientists who are engaging with the public, running education programs for students, conducting interviews and more. What do all three have in common? They are passionate and curious, not afraid to ask questions or step out of their comfort zones, and willing to work on their own time. Join us and get inspired!Irene Del Real used her major international L'Oréal award as a springboard, building on opportunities given to her to extend her reach. She regularly gives interviews on CNN Chile and presents at public forums, including a recent major science conference in Santiago. She is currently writing a book on the history of metals and human society and is an assistant professor at Universidad Austral de Chile in Valdivia. We talked to her about what resonates with her audience and how she develops her messaging. After his village was hit by a devastating earthquake in 2016, George Rwegoshora, who was then a second-year university student, decided that he could help provide information and educate his community about earthquakes. He since graduated, worked in coal mines for 3 years and then in 2021 founded the Afrikagera Geological Center in Dar Es Salaam, Tanzania. As the Executive Director, he works with a group of 18 scientists to develop educational programs for students. These include classroom and field excursions, covering a range of topics, including mineral resources.Combining her passion for geoscience and earth history with communication seems to come naturally for Holly Cooke, but her success really comes from the hours put in on her own time creating content and designing programs. Holly is a student geologist with Oz Minerals and an outreach officer with the Nexus Program in South Australia. She is an articulate and excellent communicator. She seized on an opportunity to bring high school students into the South Australia drill core library, giving them a hands on tour of the geological history of South Australia, and creating opportunities for informal challenging conversations.Theme music is Confluence by Eastwindseastwindsmusic.comSEG 2023, the Society of Economic Geologists flagship conference is August 26-29th, 2023 in London England. The conference will address the major challenges presented by the accelerated consumption of energy transition and other strategic metals. The context is global, but with a spotlight on Europe. Early registration ends June 30th. See you there!!
In this week's Australian Stock Market Show, Janine and Dale discuss whether you should buy OZ Minerals or BHP.
Upfront Investor Podcast: Weekly Australian Stock Market Update | Trading and Investing Education
In this week's Australian Stock Market Show, Janine and Dale discuss whether you should buy OZ Minerals or BHP.
We're back, baby! For the first episode of Buy Hold Sell for 2023, we're taking a look at Livewire readers' favourite small-caps stocks for the year ahead... And what a list it is. Think a rare earth miner which boasts Australia's richest billionaire as a major investor, a tech darling that has taken a painful dive from its highs, and a stock next in line for the lithium throne. There's also the only true copper play on the ASX after BHP and OZ Minerals' $9.6 billion deal, and, of course, another lithium hopeful because, as this anonymous writer has penned before, if there is one thing Livewire readers love more than dividends and long-term compounders (and don't forget long-term compounders with growing dividends), it's lithium stocks. In this episode, Livewire's Ally Selby was joined by Marcus Today's Henry Jennings and Medallion Financial's Michael Wayne for their analysis of these tantalising small-cap stocks. And just in case they were not a fan of readers' top picks, we also asked them to name the small cap they believe should have made the top five instead. Note: This episode was filmed on Wednesday 24th January 2023. You can read an edited transcript below: https://www.livewiremarkets.com/wires/buy-hold-sell-the-top-small-cap-picks-for-2023-and-2-fundie-favourites
Join us for a special episode of the #CreatingSynergyPodcast as we sit down with Claire Parkinson, a member of the Senior Executive team at Oz Minerals. Claire's journey is truly inspiring. From becoming a mother at 16 and being kicked out of her home to finding her calling as a holiday rep in Turkey and later flourishing in leadership roles in the prison system. She shares her story of resilience, perseverance and growth, including how she became a qualified hostage negotiator and her role in major reform in South Australia. Don't miss this riveting conversation on leadership, communication, and conflict resolution. Tune in now, and we promise you won't be disappointed by the ride!Where to find Claire ParkinsonLinkedInJoin the conversation on Synergy IQ on LinkedIn, Facebook, and Instagram (@synergyiq).Access SynergyIQ Website to get to know more about us. Say hello to our host Daniel Franco on LinkedIn.
The critical metal sector saw two big deals during the second last week of the year, noted Michael McCrae, mining audiences manager at Kitco On Friday McCrae recorded Kitco Roundtable with John Feneck, Portfolio Manager and Founder of Feneck Consulting. This week the world's largest miner, BHP, firmed up terms to acquire OZ Minerals. Deal has been upsized to $6.39 billion. For comparison, the Agnico-Pan American-Yamana deal was $4.8 billion. OZ Minerals has copper and nickel operations in Australia. Forbes reports that the acquisition could be BHP's biggest in over a decade. The deal follows the trend of big miners investing in the battery metal space: Sibanye-Stillwater buying ioneer and Keliber, Rio Tinto spending $2.4 billion on Serbian lithium project Jadar. Last year BHP Billiton lost the fight to acquire Noront Resources and its rich nickel project in Ontario. Keeping with the battery metal theme, Lithium Americas is set to acquire Arena Minerals for $227 million. CEO Jonathon Evans said the transaction will consolidate development projects in Argentina. Lithium Americas plans to cut itself in two in 2023 with one company focusing on Latin America and the other on North America with the goal of unlocking value. Roundtable also covered macro picture with Feneck predicting a hard landing due to the Federal Reserve's aggressive moves to fight inflation.
Friday 23 December 2022 BHP set to buy Oz Minerals for $9.6 billion, creating a major copper and nickel producer in Australia. Also today: An internal review of the Liberal's Party's poor showing in the May election says it is no longer fit for purpose China-Australia talks expand to include trade ministers And Justin Bieber gets upset about how retailers use his image Plus don't miss the latest episode of How Do They Afford That? This week, it's all about buy now, pay later. Subscribe: APPLE, SPOTIFY, or anywhere you listen to podcastsSupport the show: https://fearandgreed.com.au/all-episodesSee omnystudio.com/listener for privacy information.
Coffee with Samso Episode 166 is with Mike Haynes, Managing Director and CEO of New World Resources Limited (ASX:NWC). Just over 12 months ago, we had New World Resources Limited (ASX:NWC) with us talking about the Antler VMS project. This story has now moved onto the Scoping Study stage with a new resource. Investors in the Australian Stock Exchange (ASX) are struggling to find a decent copper story. The last company that was not considered a major has now been taken over and that was Oz Minerals Limited (ASX: OZL). Oz Minerals was no minnow so there is a big gap in the market. The next level brings Sandfire Resources Limited (ASX: SFR) into the discussion. Aeris Resources Limited (ASX: AIS) is another "small" copper producer on this scale. From here, the discussion pretty much ends. Here lies the opportunity to look at companies that have a long life and the potential to make that dream come true. The New World Resources Limited story is a very convincing one as you watch and listen to Mike Haynes talk about the Scoping Study results. As all investors have experienced, what is clearly oblivious becomes not so clear cut as time goes by. It is this reason that I encourage readers and viewers to DYOR and seek out Mike Haynes. Send him the questions. As I am researching New World Resources, I am struck by the great numbers coming out of the Scoping Study. This episode of Coffee with Samso is all about why the Antler project is so unique in grade and resource. Check out the Coffee with Samso with Mike Haynes from New World Resources Limited. Chapters: 00:00 Start 00:20 Introduction 01:16 Recap of the Antler Copper Project 07:03 How is the geology? 09:17 Good grade numbers 11:31 Explaining the share price to investors 14:50 The high grade variation issue 16:43 Scoping Study results 17:58 How good is the Antler Copper project in terms of numbers? 24:54 Any potential hiccups? 26:46 How much movement will we see in the numbers? 30:13 Any concerns about future funding? 34:38 News flow 36:45 Why New World Resources Limited? 37:28 Conclusion
The Aussie share market lifted 3.6% this week (Mon-Thu), as investor sentiment was boosted by signs that the RBA and other central banks will ease their aggressive stance on rates. Plus we put the magnifying glass on some of 2022's big deals. In this week's wrap, Grady covers: • (0:13) How companies & investors navigated M&As this year • (0:36) The mining deal between BHP & OZ Minerals • (1:26) Perpetual's bidding war over Pendal • (3:39) The best performing stocks on the ASX200 • (4:40) The most traded stocks & ETFs by Bell Direct clients • (5:12) Four economic news items to watch out for
Webjet achieved a $4 million profit for the six months to September, which is quite the 180 from its $60 million loss at the same time last year. Australia's biggest producer of wagyu beef says it will ‘keep pushing' its prices up… regardless of where cost of living goes. Aussie mining behemoth BHP has reached deal to buy another giant Aussie company, Oz Minerals, for $9.6B. --- Build the financial wellbeing of your team with Flux at Work: https://bit.ly/fluxatwork Download the free app (App Store): http://bit.ly/FluxAppStore Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance --- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.
The local market closed 0.23% higher on Friday driven by a surge in materials stocks on the back of OZ Minerals (ASX:OZL) announcing it has received and intends to accept a revised takeover offer from BHP Group (ASX:BHP) for $28.25 per share, in a deal worth $9.6 billion. The consumer discretionary, real estate and energy sectors closed Friday's session in the red.The best performing stocks on Friday were led by OZ Minerals (ASX:OZL) following the takeover update, Coronado Global Resources (ASX:CRN) added 3.54% and NIB Holdings (ASX:NHF) rounded out the top 3 winning stocks for the session, up 3.2% on Friday. Lovisa Holdings (ASX:LOV) led the losing end of the market on Friday, tumbling more than 7% after releasing a trading update despite the fashion jewellery company announcing store sales for the first 19-weeks of FY23 are up 16.1% on FY22 YTD.Pinnacle Investment Management also fell almost 4.45%, and Corporate Travel Management lost 3.75% on Friday.The most traded stocks by Bell Direct clients on Friday were APA Group (ASX:APA), Westpac Banking Corporation (ASX:WBC) and James Hardie Industries (ASX:JHX).Overseas, Wall Street rallied to see out the last trading week despite US retail data out during the week alongside speeches by some policymakers still indicating the Fed's hawkish approach remains the priority. Investors however may be slightly more confident that a Fed pivot will come sooner than expected and that rate cuts may be seen by around the end of next year. The Dow Jones industrials index ticked 0.6% higher at the closing bell on Friday, while the Nasdaq added just 0.01% and the S&P500 rallied 0.5%.European markets rebounded on Friday as investors responded to lower-than-expected consumer and wholesale data released last week, in signs that boost investor confidence that the U.S. Fed's will have to ease the aggressive rate hike path soon. The STOXX600 added 1.1%, Germany's DAX rallied 1.16%, the French CAC jumped 1.04% and, in the UK, the FTSE100 rose just over half a percent.What to watch today:Ahead of the local trading session on the ASX, the SPI futures are anticipating the market to open 0.33% higher amid signs inflation is beginning to cool.There is no local economic data being released today however investors will be awaiting RBA governor Philip Lowe's speech tomorrow in hope of gauging any insight into the RBA's rate hike movements over the coming months.On the commodities front this morning, crude oil is trading 1.91% lower at US$80.80 per barrel, gold is down 0.61% at US$1750 per ounce and iron ore is up 2.05% at US$99.50 per tonne.The Aussie dollar is starting the week slightly weaker at 66.59 US cents, 93.68 Japanese yen, 56.14 British Pence, and NZ$1.08.Trading Ideas: Trading Central has identified a bullish signal on Steadfast Group (ASX:SDF) following the formation of a pattern over a period of 12-days which is roughly the same amount of time the share price may rise from the close of $5.19 to the range of $5.59 to $5.69 according to standard principles of technical analysis.Trading Central has also identified a bullish signal on Universal Biosensors (ASX:UBI) following the formation of a pattern over a period of 37-days which is roughly the same amount of time the share price may rise from the close of $0.26 to the range of $0.32 to $0.34 according to standard principles of technical analysis.
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This week the Chanticleer podcast looks at the ASX's tech disaster; did BHP pay too much for OZ Minerals and fresh stock tips from the Sohn conference.See omnystudio.com/listener for privacy information.
Edward Boyd speaks with Morningstar mining analyst Jon Mills on BHP's revised $9.6 billion bid for OZ Minerals. Plus, Uber teams up with the Red Cross for a donation drive, Richard Wood from the Red Cross joins the program to discuss.See omnystudio.com/listener for privacy information.
Matt Mckenzie and Jordan Murray discuss Western Australia's high-growth industries and assess key takeaways from the latest crypto collapse. Plus the latest on BHP's takeover of OZ Minerals.
Mark Pownall and Mark Beyer discuss ABN Group, commercial builders, Perth City Deal, ACCIONA, Alcoa of Australia, BHP, OZ Minerals, startup funding, Betts Group and Wilson Parking.
Senior editor Mark Beyer discusses this year's changes to Data & Insights' accountants list and highlights some of the biggest issues affecting the sector. Plus the latest on OZ Minerals, BHP, City of Stirling and the Office of the Auditor General
Investor concerns over Russia's war with Ukraine escalating caused the sell-off on the ASX today, with the key index closing the midweek session 0.27% lower amid a Russian missile strike pounding Ukraine's energy facilities and Poland with its biggest barrage of missiles yet, according to reports. The mining giants offset some of the sessions' losses with BHP Group (ASX:BHP), Rio Tinto (ASX:RIO) and Fortescue Metals Group (ASX:FMG) rallying over 1% today on hopes that China's property rescue plans will reignite demand for steel. The utilities and consumer discretionary sectors were the worst performing today. Oz Minerals (ASX:OZL) entered a trading halt today in relation to a potential change of control transaction. Back in August, BHP (ASX:BHP) made a takeover offer for $25 per share that Oz Minerals rejected on the grounds of ‘undervaluing' the company, so today's trading halt has the market guessing BHP could be back with a revised offer, however neither company has yet confirmed this is the case. The winning stocks for today's session were led by Nufarm (ASX:NUF) lifting almost 9% after the agricultural chemical company released its full year results including a 24% increase in EBITDA to $447 million on revenue up 17% to $3.8 billion. Sandfire Resources (ASX:SFR) rallied 6.7% today and Whitehaven Coal (ASX:WHC) jumped 5.83%. On the losing end, Imugene (ASX:IMU) tumbled almost 10% today, while De Grey Mining (ASX:DEG) fell 9.2% and St Barbara (ASX:SBM) ended the day down just over 7%. The most traded stocks by Bell Direct clients today were Argosy Minerals (ASX:AGY), Core Lithium (ASX:CXO), and Lake Resources (ASX:LKE). On the commodities front today, crude oil is trading 0.84% lower at US$86.18 per barrel, gold is down 0.23% at US$1774 per ounce and iron ore is trading flat at US$97 per tonne. The Aussie Dollar is buying 67.58 US cents, 56.98 British Pence, 94.53 Japanese Yen and 1 New Zealand Dollar and 10 cents. Australia's wage price index data released today showed the seasonally adjusted WPI rose 1% in the September quarter and 3.1% over the year, while the private sector rose 1.2% or double that of the public sector which rose 0.6%. Average private sector pay rises hit 4.3%, the highest quarterly growth in hourly wages recorded since March quarter 2012.
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Mark Pownall and Mark Beyer discuss Fortescue Metals Group, Kate Chaney, Santos, OZ Minerals, CCC, public sector wages and Allendale Square.
The local market see-sawed throughout the first trading session of the week before closing the day down 0.28%, led by a sell-off in utilities and tech stocks, while real estate stocks recovered some losses from Friday's sharp sell-off.Looking at the best performing stocks today, Lake Resources (ASX:LKE) recovered some of last week's losses to close 12.37% higher today after the lithium miner released another update on its Kachi Lithium Project to alleviate investor concerns over the dispute with its project partner Lilac Solutions, with Lake Resources today saying that ongoing work is being done by Lilac and all parties are confident that on-site operations will be successful. Other stocks that investors bought into today included Pilbara Minerals (ASX:PLS) and a number of other lithium producers today as investors pile into the EV-battery metal sector today. Oz Minerals (ASX:OZL) and Sandfire Resources (ASX:SFR) also each added more than 3% today. Investors sharply sold out of Sayona Mining (ASX:SYA) shares today as today is the first day the company trades as part of the ASX200, while Magellan Financial Group (ASX:MFG) fell 5.75% today and Breville Group (ASX:BRG) lost 5.2%. Investors also fled buy now, pay later stocks today, which saw Block (ASX:SQ2) shares tumble 4.46%, as investors speculate an aggressive rate hike from the Fed's in the US will be announced on Wednesday.The top traded stocks by Bell Direct clients today were Pilbara Minerals (ASX:PLS), Lynas Rare Earths (ASX:LYC), BHP Group (ASX:BHP), Fortescue Metals Group (ASX:FMG) and Allkem (ASX:AKE).Taking a look at economic data, tomorrow is the big release day of the RBA's September meeting minutes which investors have been anticipating to determine whether the RBA really is dovish about the way forward for lower interest rate hikes or whether they will continue to aggressively act to curb inflation.
Evan Lucas, Chief Market Strategist, at InvestSMART, discusses Oz Minerals and the latest on global markets. He spoke with host Juliette Saly on "Bloomberg Daybreak Asia."See omnystudio.com/listener for privacy information.
Stairway to seven heaven... the ASX/S&P200 closed above the 7000 mark rallying 0.71% to 7048.1. Most sectors ended the session in the green, apart from consumer staples and utilities which fell 1.87% and 0.55% respectively. Reporting season news was the key driver for share price moves. Insignia Financial was the big winner, popping 11.3% after posting a decent full year profit. Paladin, Nine Entertainment and Pendal Group also rose thanks to investors taking kindly to their numbers. City Chic got a real undressing, shedding more than 18% as its report missed expectations. Domino's got burnt by 9.3%, despite saying costs were on the down heading into FY23. Wesfarmers, OZ Minerals and Ramsay Health Care - to name a few - are due to drop reports tomorrow. All before the blockbuster event of the week... Jackson Hole in the US.Our top three VODs:Top three thematic ETFs right nowQantas buyback better for long-term shareholdersCoal producers reap the benefits of energy crunch Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.
The Australian market had a solid session on Tuesday, with the key index closing the day at a 10-week high. The materials sector led the charge, closing the day more than 1.66% higher on the back of mining giant BHP (ASX:BHP) releasing record results for FY22, which in-turn caused OZ Minerals (ASX:OZL) shares to lift 1.3%. Gains in the materials sector were dampened though by Lake Resources (ASX:LKE) tumbling over 8%.Life360 (ASX:360), a stock recommended by Bell Potter as one to watch in FY23, soared almost 5.5% yesterday after also releasing strong half year results including monthly active users topping 42 million and subscription revenue lifting 88%. Investors sharply sold-off Challenger (ASX:CGF) shares after the investment management firm released FY22 results including a 57% decline in annual profit. Lake Resources (ASX:LKE) and Core Lithium (ASX:CXO) also fell over 8% and 7% respectively yesterday and were two of the most traded stocks by Bell Direct clients during the session, alongside Betashares Australian Equities Strong Bear Hedge Fund (ASX:BBOZ) and Amcor (ASX:AMC).Taking a look at Wall Street overnight, the key US indices closed mixed with the Dow Jones and S&P500 boosted into positive territory by strong earnings results released by Walmart and Home Depot indicating consumer spending could remain strong. The tech-heavy Nasdaq however closed the session in the red. US Industrial production data for July released yesterday showed the world's largest economy's value of production output rebounded for the month to 0.6% which was double what markets were expecting. US building permits for July also beat consensus for July with 1.674 million issued over the month, but new house starts in the US fell to 1.44 million in data released yesterday. Over in Europe, the Stoxx, FTSE, DAX and CAC each closed marginally higher on Tuesday but are struggling to build on the strong momentum from last week's rally. What to watch today:Locally today, investors will be awaiting FY22 results released by specialty biotech company CSL (ASX:CSL) and oil and gas giant Santos (ASX:STO).On the commodities front, Crude Oil continues its decline, down more than 2.55% this morning, iron ore is also down more than 3%, natural gas is up over 7% and gold is trading just under 1% lower this morning.Australia's wage price index data for the second quarter is out today and investors will be keeping a close eye to see if the forecasted 0.1% growth was achieved in the quarter.Trading Ideas:Trading Central has a bullish signal on Catapult Group International (ASX:CAT) after detecting a ‘Head and Shoulders Bottom' chart pattern formed over 84-days which is roughly the period in which the target price range of $1.44 to $1.54 per share may be achieved according to standard principles of technical analysis.Trading Central has identified a bearish signal on retail group Adairs (ASX:ADH) following the detection of a ‘Continuation Wedge' chart pattern forming. The bearish signal indicates the stock may fall from the close of $2.52 per share to the range of $1.55 to $1.70 per share. The pattern formed over 42-days which is roughly the period in which the target price may be achieved, according to standard principles of technical analysis.
The U.S. markets rally continues with the Dow closing above its 200-day moving average for the first time in four months. Disney shares are up on the news that investor Daniel Loeb's Third Point is to buy a new stake in the entertainment giant. The hedge fund manager has also written to CEO Bob Chapek urging him to spin off sports network ESPN. In mining news, BHP posts its best profit in 11 years and has suggested it may improve a bid for Oz Minerals. And in Germany has introduced a new gas price levy on households and businesses with Energy Minister Robert Habeck blaming Russia for allegedly weaponising resource security in the wake of the Ukraine conflict.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Week two of the August reporting period saw QBE deliver a strong first half result that suggests upside in both valuation and earnings, with strong top line momentum and above-inflation premium rises a feature.The big banks in CBA and NAB didn't quite deliver, however, with cost pressures a thematic that are likely to play out over the next 1-2 years across the sector. Net Interest Margins, though, are set to expand in the coming quarter as Australia's banks take full advantage of RBA rate hikes. But the biggest news this week may well have come from a company which is yet to report, with BHP's stunning $8.3bn takeover offer for Oz Minerals' rejected outright. Is there merit in a combination? Is a higher offer in the works? Brad Potter, Tyndall AM's Head of Australian Equities, discusses this and more in episode two of the August 2022 4-Minute Monday podcast.
The Consumer Price Index number released on Wednesday marked a turning point in the markets, argued Kitco's mining audiences manager Michael McCrae.On Friday McCrae recorded Roundtable with Kitco correspondent Paul Harris and Exploration Insights editor Joe Mazumdar.The Wednesday inflation news from the Labor Department shows that U.S. consumer prices were unchanged in July. The CPI was flat last month after advancing 1.3% in June. A drop in oil prices were credited. McCrae argued that the inflation narrative has weakened."It's just one month's data, but there was a sea change. Money came back to beaten up tech. The NASDAQ was up 1.51% for the week," said McCrae. "Beaten up copper hit a six-week high on hopes the Fed will stop tightening. It finished the week at the $3.70 pound level.""Although gold was an inflation trade, it had been taken down in the past few months but also rose this week. Gold shot through 1800 on the CPI announcement and finished the week in the 1790s."Companies are releasing their Q2s, and some are indicating that inflation has peaked.Panelists also talked about Barrick's quarter, Gold Fields attempt to acquire Yamana Gold and BHP Billiton's play for Oz Minerals.
Mark Pownall and Mark Beyer discuss Gloucester Park, DAP rulings, building costs, Palmer vs McGowan, Premier's adviser, mining harassment, indigenous business and BHP's bid for Oz Minerals.
Buy all your Life Of Mine Merch here ► https://lifeofminepodcast.com/shop/ ………………………………………………………………………………………………….. This episode is sponsored by the Go-To Mining Consultant, Entech Mining. Give them a follow on Linkedin at the Entech Linkedin Page ………………………………………………………………………………………………….. Thank you as always to the gurus at Precision Funds Management for providing the knowledge and insight for Channel Mine News. Check them out at precisionfm.com.au if you are a sophisticated investor looking to get some skin in the Mining game. ………………………………………………………………………………………………….. Make sure you check out the full episode of Channel Mine News to hear everything that's been happening in the Aussie Mining Industry. ………………………………………………………………………………………………….. Life Of Mine Socials Follow on Facebook ► https://www.facebook.com/lifeofminepodcast Follow on Instagram ► https://www.instagram.com/lifeofminepodcast Follow on Linkedin ►https://www.linkedin.com/company/life-of-mine/ Follow on Twitter ►https://twitter.com/lifeofminepoddy …………………………………………………………………………………………………. Make sure you subscribe to Life Of Mine wherever you get your Podcasts (some links below): APPLE https://podcasts.apple.com/au/podcast/life-of-mine/id1459208682 SPOTIFY PODBEAN https://lifeofminepodcast.podbean.com/ TUNE-IN https://tunein.com/podcasts/Business–Economics-Podcasts/Life-of-Mine-p1217337/ ………………………………………………………………………………………………….. If you want to promote your business on Life Of Mine, get in contact with Matt via matt@lifeofminepodcast.com
Buy all your Life Of Mine Merch here ► https://lifeofminepodcast.com/shop/ ………………………………………………………………………………………………….. This episode is sponsored by the Go-To Mining Consultant, Entech Mining. Give them a follow on Linkedin at the Entech Linkedin Page ………………………………………………………………………………………………….. Thank you as always to the gurus at Precision Funds Management for providing the knowledge and insight for Channel Mine News. Check them out at precisionfm.com.au if you are a sophisticated investor looking to get some skin in the Mining game. ………………………………………………………………………………………………….. Make sure you check out the full episode of Channel Mine News to hear everything that's been happening in the Aussie Mining Industry. ………………………………………………………………………………………………….. Life Of Mine Socials Follow on Facebook ► https://www.facebook.com/lifeofminepodcast Follow on Instagram ► https://www.instagram.com/lifeofminepodcast Follow on Linkedin ►https://www.linkedin.com/company/life-of-mine/ Follow on Twitter ►https://twitter.com/lifeofminepoddy …………………………………………………………………………………………………. Make sure you subscribe to Life Of Mine wherever you get your Podcasts (some links below): APPLE https://podcasts.apple.com/au/podcast/life-of-mine/id1459208682 SPOTIFY https://open.spotify.com/show/0LsIJIsFh7AhvtAZ09EPcK?si=xDzIHHHKSF-B6TYIPLwADw PODBEAN https://lifeofminepodcast.podbean.com/ TUNE-IN https://tunein.com/podcasts/Business--Economics-Podcasts/Life-of-Mine-p1217337/ ………………………………………………………………………………………………….. If you want to promote your business on Life Of Mine, get in contact with Matt via matt@lifeofminepodcast.com
Ross Greenwood speaks to Suncorp's CEO Steve Johnston to find out about the future of the insurer. PLUS market analysis of OZ Minerals rejecting BHP's $8.4B takeover bid and economic insights with independent economist Warren Hogan. See omnystudio.com/listener for privacy information.
Our local market closed 0.13% higher yesterday as communication services and tech stocks advanced the most. Energy stocks also rallied yesterday, following the news that OZ Minerals (ASX:OZL) rejected BHP's takeover bid. Copper and lithium stocks also gained, with Lake Resources (ASX:LKE) closing the trading session more than 15% higher. LKE was followed by Megaport (ASX:MP1), which released solid full-year results. Meanwhile, Imugene (ASX:IMU) and NAB declined the most.The major miners were the most traded stocks by Bell Direct clients. These were Lake Resources (ASX:LKE), BHP Group (ASX:BHP), Fortescue Metals (ASX:FMG) and Pilbara Minerals (ASX:PLS). In global markets, investors are trading cautiously as we wait on US inflation data. July's US consumer price index data will be released at 10:30pm AEST today. European and US equities closed lower as investors assess the potential pace of the US Fed's monetary policy tightening. The next Fed meeting isn't until September; however tonight's inflation figures will give us an indication of what to expect. In Europe, the STOXX 600 ended 0.6% lower with tech stocks leading the losses. And over in New York, the Dow Jones was down 0.2%, the S&P500 down 0.4% and the Nasdaq down 1.2%. What to watch today:The Australian market is set to fall 0.56% at the open this morning, going by the SPI futures. In commodities, Oil is trading in the red, around US$90 per barrel, as investors weigh the potential for additional supply from Iran against the suspension of Russian oil exports. So as oil softens, watch energy producers such as Beach Energy (ASX:BPT) and Santos (ASX:STO). The price of gold however is trading higher, as investors continue to bid on the safe-haven metal as concerns around a US recession and geopolitical tensions weigh on the market. Some gold stocks to watch include Evolution Mining (ASX:EVN) and Northern Star Resources (ASX:NST). Iron ore is also higher, around US$113 a tonne. The price has rebounded after hitting its seven-month low at US$100. Commonwealth Bank (ASX:CBA), Computershare (ASX:CPU), Dexus (ASX:DXI) and Mineral Resources (ASX:MIN) will be releasing their results today. For CBA, Citi are expecting NPAT to be $9,578 million while consensus is lower at $9,282 million. Currently, Citi have a Sell rating on CBA with a price target of $90.75, and Morgan Stanley came out yesterday with an Underweight rating and a price target of $82. And watch out for Bell Direct's coverage on CBA's results later today. Trading Ideas:Bell Potter maintain a Buy rating on Coronado Global Resources (ASX:CRN) after the company reported its half-year results yesterday. NPAT came in at US$562 million, above Bell Potter's estimate of $522 million. The company also declared an ordinary interim dividend of US 7.5cps, higher than Bell Potter's estimated US 6cps. CRN also maintained their guidance outlook, which includes a strong half in coal output. The broker increased their price target from $1.95 to $2.05, and at CRN's current share price of $1.60, this implies 28.1% share price growth in a year. Trading Central have identified a bearish signal in AGL Energy (ASX:AGL), indicating that the stock price may fall from the close of $8.47 to the range of $7.75 to $7.90 over 17 days, according to the standard principles of technical analysis.
Tuesday 9 August 2022 The Big Australian, BHP, has made an $8.3 billion offer for Oz Minerals. Also today: Foreign Minister Penny Wong calls for calm over Taiwan. Qantas execs are told to start loading baggage. And TikTok Australia has reported a 220 per cent jump in revenue. Support the show: https://fearandgreed.com.au/all-episodesSee omnystudio.com/listener for privacy information.
Yesterday, the Aussie share market started the new trading week in the green, with a very small gain of 0.1%. Leading the market was the energy, materials, and utilities sectors, all up over 1.4%. Weighing on the market however was the consumer discretionary, real estate and industrials sectors, which were all down more than 1%. Looking at the ASX200 leaderboard, OZ Minerals (ASX:OZL) jumped 35.3% following BHP's takeover bid, which OZL rejected as its board believes the offer significantly undervalues the company. Lake Resources (ASX:LKE) continues to rise, up nearly 16% yesterday, despite no news out from the company. Supportive factors include that the price of lithium still trades near record highs. The biggest decliners yesterday included Suncorp (ASX:SUN), Magellan Financial Group (ASX:MFG) and Credit Corp Group (ASX:CCP). The most traded stocks by Bell Direct clients yesterday included Lake Resources (ASX:LKE), Sayona Mining (ASX:SYA), Zip Co (ASX:ZIP), as well as OZ Minerals (ASX:OZL).Moving to the US, the market was mixed. The Dow Jones managed to post a small gain of 0.09%, while the S&P500 and Nasdaq were both down around 0.1%. Putting pressure on the market was tech company, Nvidia, which announced weaker-than-expected revenue for the second quarter, which consequently impacted semiconductor stocks. And some clean energy shares lifted after the Senate passed the Inflation Reduction Act, which includes billions of dollars aimed at addressing climate change. What to watch today:Our local market is expected to open lower, down 0.12%, in line with the mixed US session.In economic news, both the NAB business confidence for July and the Westpac consumer confidence for August will be released today.In company reports, today we'll hear from Megaport (ASX:MP1), Coronado Global Resources (ASX:CRN), News Corp (ASX:NWS) and REA Group (ASX:REA). Bell Potter forecasts REA's NPAT to come in at $404 million, while consensus is a bit more modest at $411.2m, and consensus expects CRN's NPAT to come in at $430m. Keep watch of these stocks today to see if their results are in line with expectations. Keep watch of NAB today as the company will be releasing a third quarter trading update. Moving to commodities, oil prices lifted after positive economic data was released out of China. The gold price also gained following a pullback in the US dollar and US Treasury Yields, while the spot iron ore price traded slightly lower at US$112 a tonne. Trading Ideas:Bell Potter have downgraded its rating on OZ Minerals (ASX:OZL) from a Buy to a Hold. Bell Potter views BHP's proposal to takeover OZ Minerals (ASX:OZL) as offering competitive value but likely to be improved. However, the risk-adjusted potential upside is insufficient for Bell Potter to maintain a Buy rating, therefore the downgrade to a Hold, with a strategy to see through to the completion of an all-cash acquisition of OZL at the current offer price or higher. Bell Potter has made no changes to their earnings forecasts and have increased their price target by 2% to match the current offer price of $25.00 per share. Trading Central has a bearish signal on Data3 (ASX:DTL) indicating that the stock price may fall from the close of $6.21 to the range of $4.40 - $4.70 in the next 19 days according to standard principals of technical analysis.
South Australia's mining sector is set for a major consolidation with global giant BHP pitching an $8.4bn takeover bid for Adelaide-based copper miner OZ Minerals. Teal independent Sophie Scamps is pushing to change the way junk food advertising and marketing is regulated to try to stop the growing childhood obesity “epidemic”. Space debris is going to get worse as thousands of new satellites are launched, a new SA research paper has warned. And in sport, COVID quarantine rules could be cut from seven to five days in the week after the AFL Grand Final in a change that would help players in the upcoming AFLW season. For updates and breaking news throughout the day, take out a subscription at advertiser.com.au See omnystudio.com/listener for privacy information.
BHP's $8 billion OZ Minerals bid highlights the company's ongoing change in focus. Mark Beyer explains.
Diversified miner BHP has made an A$8.4 billion unsolicited cash takeover offer for Australian mid-tier copper-gold producer OZ Minerals. GR silver provided a result of a new silver discovery. Hot Chili announced its highest-grade drill intersection to date in the first assays from drilling at the historical Valentina copper mine in Chile. Kingfisher provides an update from Goldrange. New Pacific Metals reported assay results from seven drill holes at its Carangas Silver-Gold Project in Oruro, Bolivia. We'd like to thank our sponsors: Integra Resources is advancing the past-producing DeLamar Project in southwestern Idaho. The Company has continued to demonstrate resource growth and conversion through greenfield and brownfield exploration. Integra Resources trades on the TSX-V under ITR and the NYSE American under ITRG. Western Copper and Gold is focused on developing the world-class Casino project in Canada's Yukon Territory. The Casino project consists of an impressive 11 billion pounds of copper and 21 million ounces of gold in an overall resource. Western Copper and Gold trades on the TSX and the NYSE American with WRN. Be sure to follow the company via their website,www.westerncopperandgold.com. Rio-2 is advancing the Fenix Gold Project in Chile, the largest undeveloped gold heap leach project in the Americas. Fenix consists of 5 million ounces in the measured and indicated resource category and 1.4 million ounces in the inferred resource category. With a robust PFS in place, Fenix is set up for fast-tracked construction and production. You can find a list of project and company information on their website, rio2.com. ASCU is a Copper Mining Company with a 100% ownership of The Cactus Mine, located on private land in the Arizona Copper Belt. The Company is committed to supplying LME Grade A Copper Cathodes usable in the Renewable Energy Future, mined in a responsible and sustainable manner. Our goal, beyond our ESG Strategy, is to ensure “Net Zero Carbon Emission” from future operations, minimizing the effect of climate change on the earth and preserving our planet for our children and future generations. https://arizonasonoran.com/
With cost of living pressures increasing, SBS Finance Editor Ricardo Gonçalves speaks with CommSec Chief Economist Craig James to find out the latest moves in food and petrol prices; plus banking and insurance company Suncorp has warned that home insurance premiums are set to continue rising because of incresing claim costs from wild weather and inflation, so Finder Insurance Expert Tim Bennett explains what you can do about insurance costs; plus Julia Lee from SPDR ETF State Street looks at the day on the markets including why Oz Minerals rejected a $8.4bn takeover offer from BHP
With cost of living pressures increasing, SBS Finance Editor Ricardo Gonçalves speaks with CommSec Chief Economist Craig James to find out the latest moves in food and petrol prices; plus banking and insurance company Suncorp has warned that home insurance premiums are set to continue rising because of incresing claim costs from wild weather and inflation, so Finder Insurance Expert Tim Bennett explains what you can do about insurance costs; plus Julia Lee from SPDR ETF State Street looks at the day on the markets including why Oz Minerals rejected a $8.4bn takeover offer from BHP
General Advice only
It's a day that will be remembered for BHP's move to acquire Oz Minerals rather than corporate earnings. The local market inched up 0.07% to 7021, boosted by strong gains across the materials and energy sectors. M&A activity, along with a lessening of global recession concerns following Friday's big US employment beat, clearly benefitting the mining space. Oz Minerals was the standout performer, soaring 35% after swatting away BHP's initial approach. Curiously, Sandfire Resources was also in demand, climbing 7%. Lithium plays Lake Resources and Liontown rose 16% and 7% respectively, while Fortescue Metals jumped 4.6% following a large bounce in Chinese iron ore futures. The gains across resources helped to offset a weaker performance from other sectors, most notably consumer discretionary and REITs; the former reacting to similar moves in US retailers on Friday while the latter was undermined by another big increase in global bond yields. At the individual level, Suncorp and Aurizon were both marked down following the release of their full-year results, falling 4.3% and 3.5% respectively to sit near the foot of the scoreboard. Newscorp slid 3.1% ahead of its results tomorrow. Results from REA Group, Megaport and Coronado Global Resources headline the domestic reporting season calendar tomorrow. The NAB will also release a quarterly trading update.Our top three VODs:BHP must up its offer for Oz Minerals: Jennings'Buying' trending small cap sectors: uranium, gaming and Esports Food price inflation a plus for supermarkets See acast.com/privacy for privacy and opt-out information.
Our local market closed 0.6% higher on Friday, with materials advancing the most as gold miners extended gains, while energy stocks fell alongside a drop in the oil price. NOVONIX (ASX:NVX) jumped 13.7% and was followed by miners including Liontown Resources (ASX:LTR), Ramelius Resources (ASX:RMS), Silver Lake Resources (ASX:SLR) and Core Lithium (ASX:CXO). Stocks that declined the most on Friday were Megaport (ASX:MP1) and Block (ASX:SQ2).The most traded stocks by Bell Direct clients on Friday were BHP Group (ASX:BHP), Lake Resources (ASX:LKE) and Whitehaven Coal (ASX:WHC). European stocks closed lower with the STOXX 600 closing down 0.8%. Most sectors were in negative territory, with tech stocks down the most, falling 2.4%. A strong US jobs report came in in the US, however it wasn't quite enough to pull markets higher, as the three major benchmarks closed mixed. The labour market added more jobs in July than was expected, and the US unemployment rate dropped to 3.5%, while wage growth rose 5.2% higher than a year ago, signalling that high inflation is still a key concern. The Dow Jones closed just 0.2% higher, while the S&P500 fell 0.2%, and the Nasdaq dropped 0.5%. What to watch today:Following the US, the Australian market is set to open flat this morning. OZ Minerals (ASX:OZL) rejected a takeover proposal by BHP for $8.34 billion, undervaluing the gold and copper miner. The offer was made on Friday – it was a $25 per share offer which was a 32% premium to the stock's last close. So, watch the share price movements of BHP and OZL today. Reporting season is picking up this week with quite a few companies releasing their earnings results. This morning, rail freight operator Aurizon Holdings (ASX:AZJ) and Suncorp (ASX:SUN) both published their full year results. SUN delivered group NPAT of $681 million, down 34%, impacted by volatile investment markets and elevated natural hazard costs. Home lending was up 9% or $4.1 billion. And SUN announced a final fully franked ordinary dividend of 17 cents per share, representing a 75% payout ratio. AZJ's underlying EBITDA was only 1% lower than the prior comparable period. Cashflow increased 13%, and AZJ announced a final dividend of 10.9 cents per share fully franked. In commodities, the price of oil is lower, heading for an over 9% weekly loss and wiping out the gains triggered by Russia's invasion of Ukraine. Gold is also trading lower as markets react to a strong payroll report in the US. And iron ore continues to drop around worries of China's ropery crisis and steel production cuts. Trading Ideas:Citi have a Buy rating on City Chic Collective (ASX:CCX) with a price target of $3.00. They see potential for long duration international growth underpinned by market share gains. The expected share price return is 35.7%. Trading Central have identified a bullish signal in Resolute Mining (ASX:RSG), indicating that the stock price may rise from the close of $0.30 to the range of $0.34 - $0.35 over 41 days, according to the standard principles of technical analysis.
Flat as a tack. That's what the local market was today. Investors face a deluge of information this week – on the corporate and economic front, both domestically and abroad. So - the ASX200 closed a paltry 0.02% lower. Materials lifted, so did utilities. A drop in the NASDAQ after poor tech earnings on Friday pushed our tech sector down 1.5%. Healthcare also dropped 1%. Quarterly results and updates are dripping into the market. Oz Minerals downgraded its copper and gold production guidance, as well as its cost guidance. Its shares dropped 3.7%. Flight Centre upped its profit guidance. Its shares jumped 3%. South32 delivered its production guidance in line with expectations and its shares edged 0.8% higher. The biggest laggard was EML Payments (again) after the company released an update on its dealings with the Central Bank of Ireland, with the central bank not satisfied with the company's forced remediation program. IAG shares were the market leader, trading up nearly 6%. There's not much on the calendar tonight. Investors await quarterly results of Apple, Alphabet, Amazon and Microsoft as the week unfolds, along with an FOMC meeting on Thursday.Our top three VODs:Gleaning an outlook from mining quarter reportsFrom CPI to US earnings; how to prepare for the week aheadTrends, key levels and attractive alts See acast.com/privacy for privacy and opt-out information.
BHP has been sucking up to 42 million litres of water per day out of the Great Artesian Basin for its giant Olympic Dam underground copper and uranium mine since 1988. There is increasing awareness that pumping so much water from the great artesian basin is unsustainable. But BHP is a very thirsty beast, and is looking to find an alternative water source through the Water Supply Project, a partnership between the South Australian Government, OZ Minerals, BHP and SA Water.
Splat! That was an unpleasant end to the week, mirroring the ugly price action on Wall Street overnight. Record highs will have to wait for another day. Finding green on screen was as difficult as finding hen's teeth with most sectors finishing deep in the red. Materials skidded 3.3% while energy and information technology shed 2.5% apiece. Megaport slumped another 11% after tanking over 20% Thursday. It was not a good day for non-profitable companies with Paladin, Pointsbet, Square and Zip slumping more 4% or more. Oz Minerals lost 6.6% following a disappointing quarterly update. Endeavor topped the leader board, adding 2.1%. Plenty need a drink following a day like this. Quality names outperformed with CSL, Goodman Group, Coles and Transurban closing higher. The S&P/ASX 200 fell 119.5 points, or 1.57%, to close at 7473.3. For the week it lost 0.67%.Our top three VODs:Despite the soap opera Twitter will end up in Tesla's hands: IvesFinding buying opportunities as bond yields skyrocketBreakout or bust for these crucial market indicators See acast.com/privacy for privacy and opt-out information.
In this episode of Mining Green, Brett speaks to Graeme Stanway (from State of Play) about the Electric Mine Consortium. State of Play was one of the founding members of the Electric Mine Consortium back in 2020. The Electric Mine Consortium was set up as a collaboration between a number of different mining companies, OEMs, and technology providers to help facilitate the transition to an electric mine. The mining companies include the likes of Goldfields, South32, OZ Minerals, Evolution, Newcrest, Blackstone Minerals, along with OEMs such as Sandvik, Epiroc, ZERO Automotive, and some other tech suppliers such as Energy Vault. Electric Mine Consortium is made up of six different working groups. These are energy storage, mine design, heavy underground equipment, light and auxiliary equipment for underground, and electric infrastructure, and the newest one being surface and long haulage. More info on the Electric Mine Consortium can be found on their website here: https://www.electricmine.com/ We covered a lot of ground in the interview with Graeme, particularly around what the Electric Mine Consortium is doing and why. However, we also covered some bigger questions, such as switching perceptions of the mining industry through decarbonisation. Below is a list of the topics we covered in the interview. Why was the Electric Mine Consortium formed? How are the 6 Electric Mine Consortium working packages progressing? What are the schedules/timelines for these different working packages? How does the Electric Mine Consortium operate? How is it funded? How were the working packages decided? Would government funding help achieve your goals faster? Fostering innovative thinking/collaboration between mining companies Why are members joining the Electric Mine Consortium? Applying carbon pricing in studies Onsite technology trials Learning from the Canadian experience & other overseas electric operations Rethinking mining for electric mining Electric Mine Consortium foundation members & organic member growth Future of the Electric Mine Consortium Areas outside of the Electric Mine Consortium's current working groups (processing etc) Decarbonisation of the mining industry. Is there an appetite for it? Switching perceptions of the mining industry Carbon metrics More details on what was covered in the interview can be found on our blog post here: https://www.inspiritconsult.com.au/graeme-stanway-electric-mine-consortium The interview can also be watched on YouTube here: https://youtu.be/oicslcwKznA Links: Interview blog post https://www.inspiritconsult.com.au/graeme-stanway-electric-mine-consortium Electric Mine Consortium https://www.electricmine.com/ You can also download their latest report "Electric Mine Consortium: A Case Study on Transformative Collaboration" from this page Inspirit Consulting https://www.inspiritconsult.com.au/ Mining Green on Facebook https://www.facebook.com/Mining-Green-108027108520682 Mining Green on LinkedIn https://www.linkedin.com/showcase/mining-green/ On the Mining Green podcast, we share inspiring stories of how the mining industry is leading the way to a net-zero future. We'll cover the technologies that will enable the transition (think battery-electric vehicles, green hydrogen, and renewable energy for a start), the challenges that need to be overcome, the benefits that will arise, and how the mining industry can lead the way towards a cleaner future. Mining Green is brought to you by Inspirit Consulting. Inspirit Consulting is an independent mining consultancy, with a strength in strategic mine planning. We're also passionate about innovative mining technology, and the decarbonisation of the mining industry. The sorts of topics we discuss on Mining Green. Please get in touch if you need a hand looking at an innovative new approach at your mine site. Contact Brett at brett@inspiritconsult.com.au Brett Dunstone is the driving force behind Mining Green and Inspirit Consulting. Brett is a mining engineer with 20+ years of experience in the mining industry. He has worked in (or consulted for) many mining operations across Australia (and overseas), both underground and open-pit. He is passionate about technology (particularly electric vehicles) and the financial and sustainability benefits it can bring to the mining industry.
The Aussie share market managed to advance 0.6% yesterday. Nine of the eleven industry sectors posted gains, with the tech sector advancing the most. On the flip side, the real estate sector and utilities sector posted small losses. On the ASX200 leaderboard, HUB24 (ASX:HUB) lifted nearly 10% off the back of its solid half-year results. The investment advice company experienced a record inflow of funds during the half, and an increase of 80% in its group underlying EBITDA. Macquarie maintained its Outperform rating on HUB and stated that the company is now its preferred exposure among wealth platforms. And a few tech stocks performed well, including Tyro Payments (ASX:TYR), as well as Life360 (ASX:360) and Zip (ASX:Z1P), who are both set to report today. Meanwhile, Domino's Pizza (ASX:DMP) was the worst performer, plummeting 14% after its half-year results showed that its underlying net profit had plunged 5.3% to $91.3 million. This was short of Bell Potter's and consensus' expectations of $96m. Bell Potter have retained its HOLD rating with a 27% reduction in its price target to $95. The most traded stocks by Bell Direct clients yesterday included AVZ Minerals (ASX:AVZ), BrainChip (ASX:BRN) and Woodside Petroleum (ASX:WPL). In the US, the S&P500 closed lower for the fourth straight session, the Dow was down over 400 points and the Nasdaq declined more than 2% with the market is struggling to find direction given the Russia-Ukraine tensions. In line with the negative session over on Wall Street, the futures are suggesting the Aussie share market will open 1.3% lower this morning. What to watch today: In commodities, the oil price is currently up, trading around US$92 a barrel. The gold price is up about 0.6% to US$1,907 an ounce. The palladium price is up 5%, so keep watch of ASX stocks like Chalice Mining (ASX:CHN) and Liontown Resources (ASX:LTR). And the seaborne iron ore price is trading around US$143 a tonne. Reporting season: Firstly, Rio Tinto (ASX:RIO) released its results after market close yesterday, announcing a record financial result and total dividend of US247cps. So keep watch of RIO when the market opens.We'll also hear from several travel stocks, including Qantas (ASX:QAN), Flight Centre (ASX:FLT) and Auckland International Airport (ASX:AIZ). Tech stocks like Zip Co (ASX:Z1P), Appen (ASX:APX), Altium (ASX:ALU) and Life360 (ASX:360) are also set to report, as well as Blackmores (ASX:BKL) and Iluka Resources (ASX:ILU).Bell Potter expects Appen (ASX:APX) to deliver NPAT of US$41m, while consensus is expecting $US39.6m. Aristocrat Leisure (ASX:ALL) is holding its AGM today. There are a several companies going ex-dividend today also, including BHP Group (ASX:BHP), Challenger (ASX:CGF), OZ Minerals (ASX:OZL), Whitehaven Coal (ASX:WHC) and Woodside Petroleum (ASX:WPL).Trading Ideas: Bell Potter have maintained its BUY rating on Coronado Global Resources (ASX:CRN) with a price target of $1.65. Bell Potter noted that the speed of CRN's balance sheet repair has been remarkable and its strong cash generation at record met coal prices will likely hold up until at least mid-2022. Trading Central has a bullish signal on Steadfast Group (ASX:SDF), indicating that the stock price may rise from the close of $4.92 to the range of $5.28 - $5.36 in the next 19 days according to standard principals of technical analysis.
In this episode, we chat with Michele Ash again who appeared back in April 2019 (Ep 22). She is about to join OZ Minerals in a newly created role as a technology executive which will involve work around digital, robotics and automation, mining technology, and transformation Michelle talks about how the industry is using robotic mining now and will do so in the future. As well as the subjects of using small swarm robots to mine and using blockchain as a way to drive exploration investment. KEY TAKEAWAYS If the industry wants to lower costs, drive zero-carbon, and improve people´s lives it has to embrace technology fast. Robots can solve 5 broad problems for the mining industry. In the podcast, Michelle explains what they are and how robots will help. Finding every last scrap of a resource is essential. Especially copper, which we desperately need to decarbonise. Technology will help. Automation creates data that the industry can use to better understand and improve processes as well as solve more of its problems. Robots make mines safer, for example, barring and blast robots. Automated technology has the potential to make mining more precise, reducing waste and impact. When mines are more productive, more people will be needed to process the ore and to maintain the robotics. Free robotic repair and technology courses are now widely available, including online. The industry must not grab technology then look for a problem to solve with it. How the industry applies risk is slowing the adaption of technology down. Michelle explains why in the podcast. Working on technological solutions collaboratively with other companies greatly reduces the cost. BEST MOMENTS ‘Mining touches every person on the planet, every day. ´ ‘There are 5 broad problems the mining industry is trying to solve… all of which robotics can help with.' ‘Flipping from focusing on the technology to focusing on the problem will be really important.' EPISODE RESOURCES LinkedIn: https://au.linkedin.com/in/michelleash Michelle´s last appearance on DDM podcast - https://podcasts.apple.com/us/podcast/interview-chair-gmg-global-mining-guidelines-group/id1440020656?i=1000436364498&l=ca VALUABLE RESOURCES Email: rob@mining-international.org Website: https://www.mining-international.org/ LinkedIn: https://www.linkedin.com/in/rob-tyson/ Twitter: https://twitter.com/MiningRobTyson Facebook: https://www.facebook.com/DigDeepTheMiningPodcast/ Instagram: https://www.instagram.com/theminingpodcast/ YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast/videos ABOUT THE HOST Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community insight into people's experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics. Rob is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specializing in all areas of mining across the globe from the first world to third world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our client's organizations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace. Podcast Description Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people's experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics. See omnystudio.com/listener for privacy information.
The Aussie share market declined 0.7% this week (Mon-Thu), weighed down by the tech sector. Meanwhile, the energy, materials and the consumer discretionary sectors were in the green. In this week's wrap, Sophia covers: (0:34) HUB24 (ASX:HUB) advancing after its positive Q2 update(1:29) BrainChip (ASX:BRN) continuing to shine, up 30%(1:50) The stocks Bell Direct clients were trading this week(2:12) What's happening in the lithium market, plus stocks to watch(4:54) Four important economic news items coming up
As the omicron variant continues to spread, and the Federal Reserve flags that they will consider winding down bond purchases sooner, the Aussie share market closed 0.28% lower, a near two-month low. The market did manage to recover in the afternoon after better-than-expected GDP data and a positive outlook for Chinese growth. The lockdowns in NSW and Victoria drove a 1.9% contraction in the economy for the third quarter, which was less than the 2.7% decline expected. As household spending crashed, levels of savings surged. Nearly all sectors were in the red: consumer staples, utilities and real estate sectors led the losses, while the materials, healthcare and financial sectors managed to post gains. The top stocks included South32 (ASX:S32), Waypoint REIT (ASX:WPR) and Lynas Rare Earths (ASX:LYC). GUD Holdings (ASX:GUD) headed south, after a discounted share placement. Other worst performers included Pro Medicus (ASX:PME) and IDP Education (ASX:IEL).The most traded stocks by Bell Direct clients yesterday included Fortescue Metals (ASX:FMG), Telstra (ASX:TLS) and OZ Minerals (ASX:OZL). In the US, all three benchmarks gave up decent gains and turned negative after the first omicron case was confirmed in the US. The Dow closed over 450 points lower, the S&P500 was down 1.2% and the Nasdaq fell 1.8%. Travel stocks were hit hard: American Airlines, Delta Airlines and United Airlines all fell over 7%. And on the data front, private payroll data for November showed 534,000 jobs were added, above expectations of 506,000.Following the negative session over on Wall Street, the futures are suggesting the Aussie share market will fall about 1.1% at the open.What to watch today: Economic news out today includes Australia's balance of trade data for October (difference between what we export vs. what we import). Australia's trade surplus decreased to A$12.24 billion in September and consensus expects trade surplus to decrease again to A$11 billion in October. Retail sales for November and home loans for October will also be released today.Moving to commodities, oil prices fell into the red in late afternoon trading on Wednesday. The WTI settled 1.63% lower to US$65.10 a barrel. The gold price rose, as investors used the safe-haven asset as a hedge against wider market volatility and demand was boosted as the US dollar fell. And the seaborne iron ore price traded 8% higher to US$103 a tonne. A few companies going ex-dividend today, including ALS Limited (ASX:ALQ), Fisher & Paykel Healthcare (ASX:FPH), Pendal Group (ASX:PDL) and TechnologyOne (ASX:TNE).Portman's and Peter Alexander owner Premier Investments (ASX:PMV) holds its AGM today. Trading Ideas: Citi has a BUY rating on gold miner, Northern Star Resources (ASX:NST), with a price target of $12. NST recently signed a funding deal with Quebec-based gold miner Osisko Mining, whereby under the deal, NST will contribute $169 million to Osisko via a convertible senior unsecured debenture. NST closed flat yesterday at $9.44, which implies around 27% share price growth in a year. Trading Central has detected a bullish charting signal in pharmaceutical company Starpharma (ASX:SPL). This signal indicates that the stock price may rise from the close of $1.21 to the range of $1.35-$1.39 in the next 32 days, according to stand principles of technical analysis.
US stocks travelled higher overnight, boosted by stronger than expected earnings. This morning, the Aussie share market is set to open higher, with the futures suggesting a rise of 0.7%. What to watch today: In company news, Atlas Arteria (ASX:ALX) reported a 9.7% jump in toll revenue in the quarter, as traffic is picking up. Gold stocks to watch include Evolution Mining (ASX:EVN) which reported higher than expected production in the quarter and OZ Minerals (ASX:OZL) which announced copper production is tracking in line with guidance, while it expected gold production to increase. The copper price is also trading at a record all-time high. Flight Centre (ASX:FLT) is set to hold its AGM today. The oil price hit a new 7-year high overnight at US$83, after rising 0.7% overnight and 30% in two months. Watch Australis Oil & Gas (ASX:ATS) and Global Energy Ventures (ASX:GEV). Also watch this week's best performing energy stocks, including Beach Energy (ASX:BPT) which is up 3.5% and Whitehaven Coal (ASX:WHC) which is up approximately 2%. Trading Ideas: The owner of Autobarn, Midas and Burson Autoparts, Bapcor (ASX:BAP) was reiterated as a Citi BUY stock with an increased 12-month target price of $8.75, implying 14% share price growth from yesterday's close.Bullish charting signals have been seen in Imugene (ASX:IMU), Lake Resources (ASX:LKE) and Nearmap (ASX:NEA), according to Trading Central.
Fiona is the People Executive Lead at OZ Minerals after joining the forward-thinking mining company in February 2019, and she believes the focus on corporate culture can no longer be seen as an optional extra. For the past two decades, Fiona has worked with organisations to help build cultures that create value for all stakeholders. With a Masters in Org Psych, an MBA and 20+yrs multinational corporate HR experience Fiona is passionate about evidence-based practices to help leaders build the cultures they need. Its through her experience, she knows for certain that In toxic cultures engagement drops, turnover increases and market values decrease. Fiona began her career with Shell in the UK before establishing the HR function for Bausch and Lomb UK's manufacturing division. After moving to Australia to complete her MBA, Fiona joined Lion Nathan as HR Director Wines and Spirits, followed by a series of roles in corporate strategy and capability. Across all of these roles, Fiona's passion has been the development of high performing cultures through the application of evidence-based practices. Most recently, Fiona ran her own leadership development consultancy supporting leaders to drive culture change through a focus on their mindsets and behaviours. Fiona is a Fellow of the Australian HR Institute, an accredited coach with the International Coaching Federation and a member of the Australian Adaptive Leadership Institute's advisory committee. In this episode, Fiona and I touch on her journey today from backpacking all over the world to unpacking her experiences through her corporate career. We deep dive into systems, symbols, behaviours and the mindset required for high performing cultures. We also spend we spent a lot of time talking about the innovative ways OZ Minerals manage their workforce, inclusion and diversity, to how they are positioning themselves for the future of work.Books mentioned in this podcast:My Year Of Living Vulnerably By Rick MortonAn Everyone Culture - Becoming a Deliberately Developmental OrganizationWhere to find Fiona Blakely..LinkedInJoin the conversation on Synergy IQ LinkedIn, Facebook and Instagram (@synergyiq) and please support other leaders by liking, subscribing and sharing this podcast. Access SynergyIQ Website to get to know more about us. Say hello to our host Daniel on LinkedIn.
Today's episode is a panel discussion held at the recent Outback Highway Development Company Annual General Meeting. We hear from Tannis Godfrey, from Tobermorey Station; Kerryn Santucci, the Logistics Manager for Oz Minerals in Western Australia on the Great Central Road; Mike Batchelor, the Business Development Officer for Qube Logistics; David Elliot, Chairman of the Australian Age of Dinosaurs at Winton in Queensland; and Ben Hewitt, the Chief Operations Officer for Hewitt Cattle Company. They all talk about the Outback Way and the value a sealed road will provide to their businesses or the tourism expansion, and also some of the issues they're currently facing due to the gravel. So it's a fascinating discussion for both the pastoral industry, the mining industry, logistics, tourism and the cattle industry. You can find all notes and links on our website, www.outbackway.org.au where you can subscribe to our newsletter, buy our travel journal and download the app if you haven't already. Join us on Facebook and Twitter @OutbackWay1 Send your questions, comments and travel stories to info@outbackway.org.au and if you share your story, we may even feature you on this podcast! Thank you for joining us through the heart of Australia, on Australia's longest short cut.
The Aussie share market rose 0.3% this week (Mon-Thu) remaining in record high territory as the Mining sector charged ahead with better than expected company results and commodity price increases. In this week's wrap, Jessica covers: (0:23) How the Mining sector dug itself into a record high, rising 3%(1:44) Three Mining companies in the spotlight, up > 11% each(2:44) Three key themes to watch this reporting season(5:31) Bank stocks set to report a huge turnaround in earnings(6:20) Key reporting results & economic news to watch out for next week
Yesterday, the Aussie share market reached its highest level of 7,418 points. Today the futures are suggesting the Aussie share market will lift 0.3% or 19 points. What to watch today: Australia awaits news on Victoria, South Australia and NSW lockdown restrictions. Virgin Money (ASX:VUK) are set to report their results today. Temple and Webster (ASX:TPW) reported earnings results this morning. TPW's full year revenue is up 85% and their earnings (EBITDA) are up 141% in the year. Oil Search (ASX:OSH) have reported their quarterly results, with a 22% up in revenue. Oz Minerals (ASX:OZL) have also reported quarterly results, with upgraded full year production. The copper price surged over 4% to its highest level since June. The price was boosted by the news that China sold less reserves than expected. The iron ore price fell 0.4%, while the oil price rose 0.4% to US$72.18. Trading Ideas: Fresh milk company Synlait Milk (ASX:SM1) was reiterated as a Bell Potter BUY, with an increased price target of $4.40, implying 29% share price growth in a year. Paladin (ASX:PDN), Neometals (ASX:NMT) and Redbubble (ASX:RBL) are all giving off bullish charting signals according to Trading Central.
The S&P/ASX200 closed about 0.1% higher on Wednesday after breaking through to the other side of 7400 for the first time. Commonwealth Bank rose 1.3% for a record high of its own.Pro Medicus led the gainers, Oz Minerals led the not gainers. But while investors have spent the day bracing for tonight's epic US Fed meet, the pandemic caught Sydney napping - a single case confirmed in Bondi just before the close of trade. Our top three VODs are:The contrarian take on buying the energy rallyThe ASX at 8,000? Here is what you should you buy on the way upCould Chinese jawboning kill the commodity price cycle? See acast.com/privacy for privacy and opt-out information.
They say from little things, big things grow. And that is certainly true for Australian companies. But on every company's way to the top, they have to pass through a funny little area in the middle. Ladies and gentlemen, let us introduce to you - the mid-cap universe. These companies may not have the same balance sheet strength as names at the top of the market, and may not be the pocket rocket growers down the bottom, but according to Lonsec's Peter Green, this diverse equity class deserves a spot in your portfolio, particularly when considering downside protection. Mid-caps embrace companies between 100 and 51 on the ASX-100 index and have been some of the best performers over the last twelve months. Thanks to companies including Oz Minerals and Nine Entertainment (up 151% and 102% respectively), investors have been pleasantly surprised as this equity class shot up around 30% over the last twelve months. As the market continues to rally, will the fertilising ground for these Aussie zingers turned large caps follow suit? According to Bruce Williams and Catherine Allfrey, we may be approaching the end of the stellar run. In this thematic episode of Buy Hold Sell, Livewire Markets' Bella Kidman sits down with Bruce and Catherine to talk all things midcaps, where they're seeing opportunity in the space. Plus, they'll share one mid-cap stock that has been misunderstood by the market. Note: This episode was filmed on 9 June 2021.
Portfolio Manager James Gerrish & Senior Analyst Peter O'Connor take a deep dive into Australia's premier Copper stock, Oz Minerals (OZL).
The Aussie share market hit a 14-month high this week and is just 1.3% off its all-time high. With new key themes and opportunities emerging in this bullish market, it's a good time to re-examine the fundamentals.In this week's wrap, Jessica covers: (0:23) Why investors are finding the most value in Energy(1:24) What's fuelling mining stocks: record highs and electric vehicle demand(2:44) NIB Holdings (ASX:NHF) rising 14%, in a bullish Insurance sector(4:00) Three key considerations when selecting a stock for your portfolio(4:30) How to find stocks using Bell Direct's 'Strategy builder' tool
The futures are suggesting the Aussie share market will lift 0.2% thanks to commodities charging. What to watch today Gold stocks like Newcrest Mining (ASX:NCM) and St Barbara (ASX:SBM), which are both are in downtrends and momentum is building in a southern direction. So, it could be worth waiting if you are looking at buying into these stocks. Keep an eye on Copper stocks with strong share price and earnings momentum: Oz Minerals (ASX:OZL) and Sandfire Resources (ASX:SFR). In smaller caps, keep an eye on Aeris Resources (ASX:AIS) and Copper Mountain Mining Corporation (ASX:C6C).Keep an eye on some of the most traded stocks from yesterday for our active trader desk, Bell Direct Advantage. They were Peppermint Innovation (ASX:PIL) and Cannindah Resources (ASX:CAE).Economic data out today: economic growth data for the last quarter of 2020. Trading ideas:BCI Minerals Ltd (ASX:BCI) was given a little upgrade overnight. Bell Potter maintained its Buy rating in BCI, increasing its target to $0.50, implying 64% upside. UBS reiterated its Buy recommendations on CSL (ASX:CSL) overnight with a $330 target. Suncorp (ASX:SUN), Deep Yellow (ASX:DYL) and JB Hi Fi (ASX:JBH) are giving off bullish charting signals according to Trading Central.
The Aussie share market futures are suggesting a 0.2% fall. Australia's vaccine rollout begins today and it's the final hurrah week of reporting season with results out from LendLease Group (ASX:LLC) and NIB Holdings (ASX:NHF) today, plus Afterpay (ASX:APT) and Zip (ASX:Z1P) on Thursday. Australian wage data is out for the quarter on Wednesday – expected to show wage growth slowed from 1.4% to 1.1% over the year. What to watch today: Copper – the Copper price rose 3.9% to a new nine-year high on strong Chinese demand – so watch large caps: BHP (ASX:BHP), OZ Minerals (ASX:OZL), Sandfire Resources (ASX:SFR) and in small caps watch: Castillo Copper (ASX:CCZ), Aeris Resources (ASX:AIS) and Hot Chili (ASX:HCH).BlueScope Steel (ASX:BSL) reported its first-half net profit after tax jumped 78% from a year ago, to $330.3m, beating expectations of $311m.Costa Group (ASX:CGC) reported a massive 108% increase in NPAT to $59.4m in 2020, surging past expectations.Other results to watch: BIN, CNU, EVT, GDI, LLC, NHF, NWH, OML, RWC.Keep an eye on some of the most traded stocks from Friday: Pursuit Minerals (ASX:PUR) which gained 32% and Integrated Payment Technologies (ASX:IP1) which fell 28%.Trading ideas:Citi upgraded QBE Insurance's (ASX:QBE) Buy rating with an increased $10.95 price target. Bell Potter upgraded Adacel Technologies' (ASX:ADA) Buy rating with a higher price target of $1.25.Centaurus Metals (ASX:CTM), NRW Holdings (ASX:NWH) and Weebit Nano (ASX:WBT) are giving off bullish charting signals according to Trading Central.
The market has gained 1% this year... not a bad result considering it experienced its quickest fall into a bear market in history. With the recovery now in full swing, and earnings upgrades coming through, there's plenty riding on a strong 2021 for the economy and share market.In this week's wrap, Jessica covers: - (0:17) A resilient Aussie share market- (0:42) How the Tech sector blew the market out of the water- (1:37) Three key trends among 2020's standout stocks- (3:29) How to approach buying oil stocks- (3:58) Where the market could go from here- (5:47) Bell Potter's top 14 stocks to watch
OZ Minerals hit a nine-year high today thanks to an impressive quarterly update, as well as the surging copper price. Meanwhile, Australia Post CEO, Christine Holgate, has been forced to stand aside while an investigation is conducted into four senior employees being given $3,000 Cartier watches as bonuses. A lot cheaper than Ahmed Fahour's $10.8 million golden handshake. Our top three VODs today are:Why Mary is big on Chinese techhipages scouts a $100m IPO at the top of its gameZach picks oil, James likes copper See acast.com/privacy for privacy and opt-out information.
The futures are suggesting the ASX200 will fall 1.1% following Wall Street's close in the red and comes despite NSW restrictions being eased from tomorrow, with restaurants, cafes, pubs and clubs able to take group bookings of up to 30 people per group.U.S. investors lost patience that a fresh U.S. stimulus package would eventuate before the election in almost 11 days. But it's important to note, regardless of who wins the presidential race, more stimulus will come from either party to bring their economy back to life. Netflix reported less subscribers than expected, which saw its shares lose about 7%. Meanwhile, Snap shares soared 28% to an all-time high on a smashing quarterly report. On the Commodity front: Oil fell 4% US$40.01 with Libya ramping up production, while U.S. inventory figures showed gas demand weakened. So that could hurt oil stocks today. While Gold made its first notable move in days, rising 1% to US$1,927. What to watch today:Quarterly results from AMP (ASX:AMP), Qantas (ASX:QAN), Mirvac (ASX:MGR) and OZ Minerals (ASX:OZL). AGMs today: Suncorp (ASX:SUN), Webjet (ASX:WEB), Magellan (ASX:MFG) and Crown (ASX:CWN).RBA's Deputy Governor, Guy Debelle will take part in a Fireside Chat – on the Future of the FX Global Code – at FX Week Australia 2020Trading ideas: Bell Potter upgraded Praemium's (ASX:PPS) Buy rating, increasing its price target to $0.85, implying 41% upside. Praemium's quarterly results were much stronger than expected supported by its Powerwrap acquisition. Bell Potter also upgraded MyState's (ASX:MYS) Buy rating, increasing its price target to $4.50 implying 15% upside on MYS' net interest margin. Bell Potter expects cash and NPAT growth to continue in FY22 and beyond. UBS upgraded Megaport (ASX:MP1) from a neutral to a Buy with a new $16.45 price target. UBS sees more strength in the second half of this financial year, with growth from North American after its customers rose 63%.Red 5 (ASX:RED), Bigtincan Holdings (ASX:BTH) and Galaxy Resources (ASX:GXY) are all showing bullish charting signals - according to Trading Central.
Is the rise of the machines coming? Join Wayne and Josh as they meet OZ Minerals' Exploration Futurist Andrew McCulloch to unearth how GIS can support innovation. From using voxel-powered models to predict the future, to debating the viability of new inventions like robotic drill rigs and burrowing drones - Andrew dishes out some big ideas on what's next for GIS. You'll also hear his must-haves for fostering a culture of innovation and experimentation in your organisation.
This episode is next in a series of themed episodes about the Economic Value of the Outback Way, and Helen speaks with Anthony Wright about OzMinerals and the Mining Industry. In a previous episodes, Helen spoke with Rick Britton about Boulia and the Pastoral Industry and Lyndee Severin about Curtin Springs and the Tourism Industry. Connect with Anthony and learn more about OzMinerals at OzMinerals.com Thank you for tuning into the Outback Way podcast. If you are enjoying our podcast, please leave us a review. And if you're really enjoying our podcast, you may like to become a contributor: through our Outback Way store for $5 you can help with the production of our podcast. Connect with us on Facebook, Instagram, Twitter @OutbackWay1 You can find all notes and links on our website, www.outbackway.org.au where you can subscribe to our newsletter, buy our guidebook and download the app if you haven't already. Join us on Facebook and Twitter @OutbackWay1 Send your questions, comments and travel stories to info@outbackway.org.au and if you share your story, we may even feature you on this podcast! Thank you for joining us through the heart of Australia, on Australia's longest short cut. The Outback Way Podcast is produced by Perk Digital.
Our weekly Nickel Market Insights with Mark Selby, Nickel Market Commentator and CEO of Canada Nickel Company (TSX-V: CNC) will help you stay ahead. Stay up to date by listening to our weekly market roundup on Nickel. So, what events have transpired in the exciting world of nickel this week? Price movements are at the top of the list: nickel has gone from a low of c. US$11,000/t up to US$13,430/t today. It did actually hit a peak of US$13,512/t last week, but Selby attributes this to nickel trading in synergy with some momentum drivers around the Shanghai Index. Just as the nickel price was starting to recede, Elon Musk, the figure of ultimate encouragement for nickel/battery metals investors, has told nickel miners to produce as more nickel in his quarterly call. He's clearly gearing up to go big and kickstart the EV revolution in style. After launching the mid-tier Model 3, Musk needs this to be the cash cow for his company. Many have regarded Tesla stock as immensely overvalued given sales figures, but the c. $35,000 Model 3 could be a real gamechanger, building on the success of the Model S and Model X; I'll hold off on the Cybertruck for now. Major subsidisation packages in Europe alongside European vehicle manufacturers investing €250B in EV infrastructure, and the Chinese EV space needing to be rejuvenated are both reasons for nickel producers to be accelerating their production timeframes. After touching on some of the macro thematics beneath the surface of the nickel space, such as the immense difficulties surrounding the production of the huge amount of nickel that may be needed in the next decade, we touch on one of our favourite gold production stories, Karora Resources (TSX: KRR). Selby is already an expert on the Dumont Nickel-Cobalt Project, having developed and de-risked it substantially during his tenure of CEO of RNC Minerals. Karora Resources has sold its remaining interest in Dumont (28%) to Waterton for some cash upfront and a residual payout based on a future sale. The 3 low-grade, bulk-tonnage, advanced nickel projects have all been acquired in the last 6 weeks. BHP, OZ Minerals and Waterton have all moved to secure projects early. Is this a major sign of things to come? Time to pile into nickel? Company page: https://canadanickel.com/ Explore More Here: cruxinvestor.comJoin our Club's waitlist: club.cruxinvestor.com For FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook: https://twitter.com/cruxinvestor https://www.linkedin.com/company/crux-investor/ https://www.facebook.com/cruxinvestor If you got value from this interview, please subscribe.
The Aussie share market is eyeing a 0.1% lift at the open, bracing for the Government's mid-year Economic and Fiscal update with estimates suggesting debt swelled to 9% of GDP. Investors are also weighing up a positive finish on Wall Street, while Europe closed lower with oil stocks leading the decline. In the U.S., the Government agreed to pay Pfizer and BioNTech $1.95 billion to produce 100 million COVID-19 vaccines if their candidate is safe and effective. Washington is considering extending the COVID-19 unemployment benefit from September to December, and dropping it to $400 a week.On the commodities front, Oil fell slightly to US$41.90, maintaining its March high. The Gold price gained 1.3% to US$1,865, its highest level since September 2011 and Silver hit a near 7-year high.What to watch today:The Aussie dollar holds its 15-month high with the USD.Quarterly results are due out today for Evolution Mining (ASX:EVN), Galaxy Resources (ASX:GXY), Newcrest Mining (ASX:NCM), Northern Star Resources (ASX:NST), Santos (ASX:STO), Syrah Resources (ASX:SYR) and Megaport (ASX:MP1).Face masks are compulsory in Victoria as of midnight last night.Local trading ideas:After Lynas (ASX:LYC) handed down its quarterly report, UBS reiterated Lynas as a buy, increasing its target to $2.70. Yesterday LYC closed 2.4% lower at $2.08, but they are still tracking 92% up from their COVID-19 bottom. UBS cut EPS estimates for FY21 due to weaker demand in the automotive industry.OZ Minerals (ASX:OZL) handed down its quarterly results yesterday and UBS reiterated OZ Minerals as a buy, increasing its price target to $15.00. Yesterday OZL shares gained 4.2% to $4.24 and have gained 28% so far this year. UBS thinks there is more upside following yesterday's better than expected results.
The Aussie share market is eyeing a 1% fall at the open, following the 2.6% gain yesterday on the ASX which took the market to its highest level since the 6th of March. The Aussie futures are pointing to a dreary open despite European equities hitting four-month highs and U.S. equities mostly pushing higher.Across the ocean, the European Union agreed to the 750 billion Euro recovery package.What to watch today:OZ Minerals (ASX:OZL) is due to report production numbers for the second quarter.Washington lawmakers are coming under pressure to extend the $600 per week federal unemployment benefit ending at the end of September.Local trading ideas:Bell Potter reiterated Suncorp Group (ASX:SUN) as a buy with a $10.50 price target. Yesterday Suncorp Group closed 2.1% higher at $9.24. In terms of COVID-19 impacts, Suncorp expects these to be broadly neutral on FY20.After BHP (ASX:BHP) handed down its quarterly report, UBS reiterated BHP as a buy with a $40 target. Yesterday BHP closed 1.1% up at $38.80. Overall with lower guidance for FY21 results, UBS forecast a 6% reduction in underlying earnings.Footwear business Accent Group (ASX:AX1) is showing a bullish signal according to Trading Central's charting. Accent Group is backed by Bell Potter as a buy with a $1.80 target given its online sales grew 150% from April to June.
Nickel Market Insight with Mark Selby, Nickel Market Commentator and CEO of Canada Nickel Company (TSX-V: CNC). Stay up to date by listening to our weekly market round up on Nickel.1. Market Update- INSG data is out - Chinese demand almost fully recovered, nickel supported by COVID-19 mine closures, earthquake near Sulawesi helping support ore prices.2. Market info- Tesla using an LFP battery in one of their Chinese models - is this sign nickel going to be substituted out like cobalt?3. Industry news- don't look now - 2 best low-grade nickel deposits quietly acquired in Australia during past month- BHP bought Honeymoon Well project from Norilsk - no price published - Rumour has it they were looking for $100M previously- OZ Minerals paying $76M million for Cassini Resources for remaining 30% of Nebo-Babel project Company page: https://canadanickel.com/Explore More Here: cruxinvestor.comJoin our Club's waitlist: club.cruxinvestor.comFor FREE unbiased investment information, follow us on Twitter, LinkedIn and Facebook:https://twitter.com/cruxinvestorhttps://www.linkedin.com/company/crux-investor/https://www.facebook.com/cruxinvestorIf you got value from this interview, please subscribe.
Morgans Senior Analyst Tom Sartor provides a brief update on Oz Minerals (ASX: OZL). Tom notes they are staying true to form with OZL's compelling medium-term growth agenda.
Morgans Senior Analyst Tom Sartor provides a brief update on Oz Minerals (ASX: OZL). Tom notes they are staying true to form with OZL's compelling medium-term growth agenda.
The Aussie share market is eyeing a 0.6% gain at the open after new records were made overnight with the oil price jumping over US$40 for the first time since March. Investors will be watching:Energy companies like Santos (ASX:STO) which has lower debt than most of its peers, as well as Woodside (ASX:WPL) which has a lot of head room for an acquisition down the track.With copper moving higher, keep an eye on BHP (ASX:BHP) and Oz Minerals (ASX:OZL).On the economic front, manufacturing and services data is out for June, with the market expecting manufacturing activity will grow to a reading of 49.3.Local Trading ideas:UBS upgraded James Hardie Industries (ASX:JHX) price target to $34, saying the building company is a key standout following earnings upgrades and better than expected U.S. sales in the first six weeks of Q1. For UBS, James Hardie Industries is a buy, meanwhile Citi also maintained its buy on the stock.Ramelius Resources Limited (ASX:RMS) was rated as a buy by Shaw and Partners. Whereas UBS' preferred gold buy is Independence Group (ASX:IGO) expecting its shares will grow to $6.00 with the price of gold tipped to reach US$2,000 in the not too distant future.Citi put out a note on Stockland (ASX:SGP) following the CEO's retirement and after it estimated a 2H20 dividend of 10.6 which was 25% of its guidance levels. Citi expects further downside for Stockland and prefers Mirvac (ASX:MGR) for residential exposure for Goodman Group (ASX:GMG) on the commercial industrial side.
Brad Peters, CEO of Pacific Empire Minerals, joins Mining Stock Daily to discuss the latest updates regarding the Pinnacle Porphyry area in British Columbia where the company has commenced drilling with their own RC drill. Brad shares the specific targets the company is going after along with some analysis to the previous data supplied by Oz Minerals. Brad also shares some updates on other projects in BC in which could be of some interest to the company in 2020. We'd like to thank our sponsors! Integra Resources trades on the TSX-V under ITR and the OTCQX under IRRZF. Integra Resource is advancing its past producing DeLamar (DeL - a - Marr ) Gold-Silver project in SW Idaho through aggressive drilling and exploration. The latest Resources Estimate released earlier this summer showed approximately 4 million Gold equivalent ounces in the measured and indicated category.The maiden PEA for the project established a net present value of C$473-million and an IRR of 43%. The management of Integra successfully sold its previous brownfields project for C$590 million in summer 2017. Read more about the company and its successful management team at integraresources.com. Pacific Empire Minerals Corp. is a junior exploration company focused on the discovery of gold-rich copper deposits in British Columbia, Canada. Pacific Empire trades on the TSX Venture Exchange under the symbol PEMC and on the OTCQB markets under the symbol PEMSF. The Company currently has a very tight share structure. Pacific Empires’ unique approach to the prospect generator business model incorporates the Company’s own reverse circulation drill to advance projects beyond that of typical prospect generators. More information on Pacific Empire can be found at pemcorp.ca. Western Copper and Gold is focused on developing the world-class Casino project in Canada's Yukon Territory. The Casino project consists of an impressive 10 billion pounds of copper and 18 million ounces of gold in an overall resource. Western Copper and Gold trades on the TSX and the NYSE American with WRN. Be sure to follow the company via their website, www.westerncopperandgold.com. The Association for Mineral Exploration British Columbia. AME advocates for and promotes a healthy business environment for its members working in mineral exploration through advocacy and leadership. AME is proud to support Mining Stock Daily as the organization leads up to January's much-anticipated Roundup Conference taking place in Vancouver, BC January 20th through the 23rd. More information about AME and the Roundup Conference can be found online at amebc.ca. Mining Stock Daily is produced by: www.clearcreekdigital.com www.investmentresearchdynamics.com (Mining Stock Journal)
Let us introduce Andrew Mooney – a true Mining Frontrunner. Mr. Mooney is a Project Director at Oz Minerals in Austrailia – A modern mining company with a focus on copper. His work has taken him around Australia to Africa and South America. In the third episode we ask the question; "how do you build a mine from scratch?" Mooney discusses the do’s and don’ts as he’s currently leading the development of the ongoing Carapateena mine. Mining Frontrunners presents Mr. Andrew Mooney.
In this episode, we talk with Michelle Pole, company secretary and senior legal counsel at Oz Minerals and a board member of Netball SA. Michelle talks about how a pilates class turned in to a board role, the value of having personal champions, why board members need to have courage, and 3 pieces of advice for you if you’re a new or aspiring board member.
Subject matter expert Rodd Levy along with Sam Kings discuss legal issues and factors affecting the progress of OZ Minerals successful 2018 bid for Avanco Resources.
Upfront Investor Podcast: Weekly Australian Stock Market Update | Trading and Investing Education
This week David Harvey of Wealth Within discusses how this week Oz Minerals is looking very vulnerable with the Australian government blocking the first bid by Chinese company Minmetals to take the company over on the basis of national security.
This week David Harvey of Wealth Within discusses how this week Oz Minerals is looking very vulnerable with the Australian government blocking the first bid by Chinese company Minmetals to take the company over on the basis of national security.