There’s barely been a mention of it in the Australian media, but a $70 billion LNG construction boom is about to kick-off in Mozambique – and there is only one ASX-listed company which gives investors a direct exposure to this enormous opportunity (reports Stockhead).
The combined market value of Australia’s mid-tier miners has powered ahead for the second consecutive year (reports MiningNews).
PwC's 12th annual Aussie Mine report, which analyses the 50 largest ASX-listed miners valued at less than A$5 billion, found that the value of the group jumped 28% to $58.7 billion.
All but three of the group - AngloGold Ashanti, OceanaGold Corp and Tribune Mining - saw their market capitalisations grow over the 2018 financial year.
The miner's chief commercial officer Arnoud Balhuizen said the recent trend towards protectionism would have negative impacts on both Chinese and US economic growth over the next two years (reports The Australian Financial Review).