Economic, Financial Markets, Forecasting
Report: post-election economic clouds looming
Industry analyst and economic forecaster BIS Shrapnel said the incoming government will continue to face a familiar set of policy issues over the medium-term. These issues will ultimately manifest into the re-emergence of serious inflationary pressures and high interest rates before the next election in late 2013.
Medium-term gold price forecasts “cautious”: RCR
In the GFC-dominated period since the first half of 2008, gold has been the standout performer said Resource Capital Research (RCR) in its latest quarterly report on junior and mid-tier gold companies.
China juggernaut still the “main game”: analyst
Australia’s equities markets should make no mistake that the China juggernaut will be the main game influencing Australia’s resources future and investment attitudes, said resources analyst Andrew Shearer.
WA stocks deliver 400 per cent growth in last decade
The Deloitte WA Index, which tracks the market capitalisation of Western Australian listed companies has grown by 418 per cent over the last decade to April 30th, 2010.
Iron ore spot price tipped to increase in coming months
The spot price for iron ore over the next three months is forecast to increase by 23 per cent over the previous quarter to US$148/t (FOB, 62 per cent Fe), according to equity research company Resource Capital Research (RCR).
Energy & minerals prices to dip in second half: ABARE
World prices for many energy and minerals commodities in the second half of 2010 are forecast to average lower than the first half of the year, according to the Australian Bureau of Agricultural & Resource Economics (ABARE).
WA stocks decline to lowest point since August 2009
In May, the market capitalisation of Western Australian listed companies which comprise the Deloitte WA Index decreased by $20.7 billion, closing at $143.8 billion, a decrease of 12.6 per cent for the month.
China Magnesium launches $8 million IPO
Vertically integrated magnesium company, China Magnesium Corporation (CMC), announced it has lodged its prospectus with ASIC for an $8 million initial public offer and listing on ASX.
Industry responses to State Budgets: NSW and QLD
Rocketing royalty payments from the mining industry will dig the NSW Budget out of deficit, and show that in Queensland the sector is paying its fair share, according to industry groups.
Assumptions of RSPT may not stack up in the real world: study
A report commissioned by the Minerals Council of Australia (MCA) and produced by KPMG, has found that the proposed Resource Super Profits Tax (RSPT) could lead to mining companies deferring or cancelling Australian projects in the short to medium term.
Mining construction set to fall but RSPT not to blame
Industry analyst and economic forecaster, BIS Shrapnel, is forecasting a decline in mining and heavy industry construction activity in 2010/11, the first such decline since 2004.
South Australian mining industry fears being stranded by new tax
South Australia’s peak mining lobby says up to A$40 billion worth of mining projects could potentially be left stranded because of the Federal Government’s proposed Resource Super Profits Tax (RSPT).
Largest regional increase in drill results from Australia
March and April saw a 14 per cent increase in the overall number of financings and a tripling of new base metals resource announcements, according to mining analysts at Metals Economics Group.
Government modelling on new tax questioned by industry
The Federal Government’s claims that the mining sector pays between 13 and 17 per cent corporate tax are contradicted by official data from the Australian Taxation Office, said the Minerals Council of Australia.
HKSE new listing rules to benefit Australian resources sector
The Stock Exchange of Hong Kong's (HKSE) new listing rules for mineral and petroleum companies, unveiled on May 24th, are likely to provide an attractive option for Australian resources companies seeking to raise capital in Asia.
WA stocks steady in April after strong six months
After gaining more than 23 per cent in value during the prior six months, the growth in market capitalisation of Western Australian stocks has steadied in April.
Resources tax will hurt the very people it’s meant to help: iron ore chief
Atlas Iron managing director David Flanagan has warned that the Prime Minister’s tax plan would have inflict significant pain on the working families he claimed it was designed to help.
Budget based on “heroic” mining assumptions: BIS Shrapnel
Industry analyst and economic forecaster, BIS Shrapnel, has questioned Treasury’s outlook for engineering construction in the 2010/11 Commonwealth Budget.
Survey: Institutional investor anger over resources super profits tax
The Federal Government’s proposed Resources Super Profits Tax (RSPT) will drive investment away from Australia’s resources sector according to 21 major Australian institutional investors.
Minerals industry responds to Federal Budget
The 2010-11 Budget relies on strong commodity prices and exports, a mining-led recovery in private investment and higher company tax receipts to accelerate deficit reduction and to fund new spending initiatives.
