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UBS, Deutsche predict slip in BHP copper production

UBS expects a subdued quarterly production report from BHP Billiton, but predicts a decline in copper output.

“We expect a fairly benign quarter, with flat quarter on quarter from petroleum and coal and potential upside to our iron ore numbers,” UBS said. 125 more words

BHP

Aussie stocks close nearly 1% higher

The Australian sharemarket has closed 0.9% higher this afternoon after strong US economic data released over the weekend had investors beginning to forget the recent market turbulence. 162 more words

BHP

Cliff Natural Resources Writedown Shows Vulnerability of Aussie Iron Ore Miners - Marketmatters.com.au

An 8% fall in Cliff Natural Resources on Friday, after it flagged a US$6 billion writedown of iron ore and coal assets, shows the vulnerability of Aussie iron ore miners, according to Marketmatters.com.au principal Shawn Hickman. 84 more words

BHP

UBS Slashes Iron Ore Forecasts; Downgrades FMG, BCI, AGO

UBS slashes its long-term iron ore price forecast to US$75/ton from US$89/ton, while also lowering its 2015 and 2016 forecasts to US$85/ton and US$82/ton respectively. That leads it to downgrade Fortescue Metals and BC Iron to Neutral from Buy, and lower Atlas Iron to Sell from Neutral. 129 more words

BHP

Aust market shocks traders to close higher

The Australian sharemarket has achieved what some senior analysts thought was impossible to close higher this afternoon.

ASX 200 ending trade 0.2% higher. To be fair, this looked all but impossible as the index fell as much as 1.7% during the session). 84 more words

BHP

BHP, Rio acting in concert: Barnett

West Australian Premier Colin Barnett has ramped up his attacks on Rio Tinto and BHP Billiton by accusing the mining giants of likely collusion.

BHP, Rio acting in concert: Barnett

Aust stocks fight back

Australian stocks have erased early losses to be up more than 1% as the miners lead the way to higher ground.

The material sector has risen 2.5%  132 more words

BHP