More focus on Warren Buffett after his Berkshire Hathaway revealed the second surprise sale of shares this week in China’s most successful electric vehicle company – the former battery maker BYD. The first sale, revealed last Tuesday raised eyebrows even though it was worth just $US47 million in a portfolio valued at more than $US300 […]
Berkshire further lightens BYD Holding Read More »
A major upgrade of the already rich Bowdens silver, lead, zinc and gold prospect in NSW now looks on the cards after Silver Mines Ltd (ASX:SVL) revealed a significant new discovery in an ASX filing on Monday. The Bowdens prospect is already the subject of a plan by Silver Mines to spend more than $250
Bowdens mine ringing silver bells Read More »
The global mining industry can breathe more easily for the time being after Chile decisively rejected a new constitution that a majority of voters had decided was too radical. In overwhelmingly rejecting the proposed new constitution, Chilean voters also rejected President Gabriel Boric and his arguments that change would have ushered in a new area
Chile No vote gives miners some time to regroup Read More »
European equity markets finished lower on Monday, but off to the worst levels. US equity futures higher with US markets closed for the Labour Day holiday today. In Australia today, we have the RBA announcement at 2.30pm with the RBA expected to raise the cash rate by another 50 bp to 2.35 per cent. Economists
Coal the star performer as energy crisis worsens in Europe Read More »
Kinetiko Energy Limited (ASX:KKO) CEO Nick de Blocq discusses the South African energy market and the role of gas in the clean energy transition. Tim McGowen: We’re talking today with Kinetiko Energy (ASX:KKO), which is an Australian gas explorer focused on advanced shallow conventional gas and coalbed methane opportunities in the rapidly developing markets in
The demand for gas in South Africa Read More »
Coal, one of our biggest commodity exports, has surged to record levels as a result of the energy crisis, with the price of Newcastle coal soaring to all-time highs as miners cash in amongst a deepening energy crisis in Europe. The price of thermal coal rose to a new high recently with Newcastle futures trading
Stocks of the Hour: Coal & lithium stocks, ABX Group Read More »
Coal, one of Australia’s biggest commodity exports, has surged to record levels as a result of the energy crisis, with the price of Newcastle coal soaring to all-time highs as miners cash in amongst a deepening energy crisis in Europe. The price of thermal coal rose to a new high recently with Newcastle futures trading
ASX moves higher, led by coal and lithium: Aus shares up 0.1% Read More »
The ASX started off optimistically on Tuesday, but reversed early gains as investors mulled the Reserve Bank’s latest rate hike, closing down on the day. The RBA’s latest raise of 0.5 of a percentage point continues the central bank’s aggressive policy to try and tackle soaring inflation in Australia. At the closing bell, the S&P/ASX 200
ASX falls post RBA rate hike: Aus shares close 0.4% lower Read More »
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the RBA’s cash rate hike. Key points: The RBA raised the cash rate by 0.5% taking it to 2.35%, as widely expected.This is the fifth rate hike in a row, and the fourth 0.5% hike in a row and brings the total
Australian shares were weaker today, dragged down by mining and energy stocks on weak commodity prices. At the closing bell, the S&P/ASX 200 was 0.16 per cent or 11.50 points lower at 6986.80. Futures The Dow Jones futures are pointing to a rise of 196 points.The S&P 500 futures are pointing to a rise of
ASX closes down, but recovers from morning lows: Aus shares 0.2% lower Read More »
