Monthly Archives: February 2014

20 Feb

Cost cutting, iron ore buoyancy reap profits for Rio, BHP and FMG

Australian mining’s big three – Rio Tinto, BHP Billiton and Fortescue Mining Group – all recorded impressive profit increases for the end of 2013, while British multinational miner Anglo American isn’t where it wants to be. An iron ore price that stayed higher and more stable than some predicted, and increased shipment volumes were the

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20 Feb

Commodities stable against the odds, analysts say

A pair of analysts from HSBC Global Research say that, despite recent suggestions to the contrary, it’s “so far, so good” for global commodity prices – and that’s good news for Australia and New Zealand. Paul Bloxham, HSBC Global Research’s chief economist for Australia and New Zealand, says while “doomsayers” have suggested that slower Chinese

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