Hopes a floor in the iron ore price had been reached earlier this week were dashed overnight as the commodity sunk to a new five-year low. 228 more words
Tags » BHP
Weakness in the resources sector is weighing on the share market, but Medibank Private has made a solid debut.
Health insurer Medibank Private, which listed at $2.00 per share, opened at $2.22, and was at $2.20 on a volume of 117 million by 12:07pm AEDT. 249 more words
Rio Tinto (RIO) has the most sustainable dividend of the Aussie iron ore miners, according to Credit Suisse.
The broker says Rio Tinto can sustain its current debt level and raise its underlying dividend, even at US$65 a ton iron ore through CY15-16, but would need to trim capex by around $700 million in CY17. 110 more words