News

Whether it’s going long or short, the iron ore market is not for the faint-hearted, as its latest unexpected rise shows. And the coming year is likely to see more of the same, while copper looks set for good gains.

Iron ore wasn’t supposed to be the star commodity of 2019 but thanks to a shortfall in Brazilian production and stronger than expected Chinese demand, that’s how it turned out, and next year could be just as interesting, though perhaps with a “back-to-the-future” twist. The performance of iron ore, and a strong year for gold, were coloured by a terrible 12-months for battery metals and a roller-coaster ride for nickel, leaving open the critical question of what’s best for 2020 –with copper the early favourite.

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6th December 2019

Plans to finally develop the world-class Coburn zircon and titanium mineral sands project in Western Australia’s Mid-West region are advancing

Plans to finally develop the world-class Coburn zircon and titanium mineral sands project in Western Australia’s Mid-West region are advancing, with proponent Strandline Resources signing an agreement to tap into a “world-first” trucked LNG-to-hybrid renewable microgrid project (reports MiningNews). Strandline has signed a non-binding proposal with a Woodside Petroleum and EDL joint venture for a 27 megawatt integrated project using gas from the Pluto LNG project to fuel gas generators with diesel back-up, and a solar and battery storage plant.

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Hedley Widdup believes the events of 2019 are setting mining stocks up for another strong run (reports MiningNews). Despite this year feeling like another tough one for many, it has delivered a number of discoveries. "Discoveries are exciting because they come from nowhere," Widdup told the Resources Rising Stars Summer Series in Sydney today. "2019 has seen a number of discoveries come to market - some still have a question mark over them."

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Despite Beijing ramping up plans for new coal-fired electricity plants, they will be outpriced by cheap wind and solar (reports Ambrose Evans-Pritchard in London’s Daily Telegraph). No further coal plants should be built anywhere in the world ever again. The great majority of existing plants should be phased out within 15 years.

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The notion that the junior mining and exploration sector has lost out to the cannabis and tech sectors in the competition for the speculative investment dollar – and that there is no coming back – has been shot down in recent days.

The notion that the junior mining and exploration sector has lost out to the cannabis and tech sectors in the competition for the speculative investment dollar – and that there is no coming back – has been shot down in recent days. Big capital raisings in comparison to market caps have been popping up across the junior space and outside of gold, it has been kind of unusual because as yet, there has not been much in the way of support from commodity prices.

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If not for a series of significant fund raisings to back expansion moves by gold, nickel and lithium-exposed companies, the past five trading days were largely negative for investors.

If not for a series of significant fund raisings to back expansion moves by gold, nickel and lithium-exposed companies, the past five trading days were largely negative for investors. Saracen Mineral Holdings was the big one this week, attracting $796 million to help pay for a company-changing half-share in the Kalgoorlie Superpit gold mine. Mincor’s $35 million to accelerate nickel developments and ioneers’s $40 million to expand work on its Rhyolite Ridge lithium and boron project in the US. were two other well-supported deals.

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The Reserve Bank considered a surprise rate cut at its Melbourne Cup day policy meeting, but ultimately decided to wait and see how its three cuts since June would work their way through the economy, the bank’s board minutes reveal (reports The Australian).

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US Federal Reserve officials stressed that risks to the US economy remained elevated as they agreed to put interest rates on hold following their third cut this year (reports The Australian Financial Review).

US Federal Reserve officials stressed that risks to the US economy remained elevated as they agreed to put interest rates on hold following their third cut this year (reports The Australian Financial Review). Many participants saw downside risks to the economic outlook as elevated, "further underscoring the case for a rate cut at this meeting,'' according to minutes of the October 29-30 Federal Open Market Committee session released Wednesday (Thursday AEDT) in Washington.

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26th - 27th May 2020

Gold Coast Conference

The 2020 Resources Rising Stars Conference will be held in May 2020 at the scenic RACV Royal Pines Resort on the Gold Coast. 

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