News

A lot of metal was locked away forever when the Hawke Labor government banned mining at the Coronation Hill deposit on aboriginal and environmental grounds by including it inside Kakadu national park (reports Barry FitzGerald on Stockhead). The 1991 ban locked away 1.4 million oz of gold, 300,000 oz of platinum group metals, and some 340,000 tonnes of uranium.

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Australia's biggest export earners, iron ore and coking coal, should be fetching stronger than expected prices in coming years according to Credit Suisse (reports The Australian Financial Review). Disruptions in the supply of both commodities have triggered a price surge in 2019, and Credit Suisse responded this week by announcing large upgrades to its price forecasts.

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Battery metals, after a six-month sabbatical, surged back to the top of the mining-sector league table this week

Battery metals, after a six-month sabbatical, surged back to the top of the mining-sector league table this week thanks to a high-priced takeover bid from Wesfarmers for lithium project developer, Kidman Resources, and a plan to re-open the mothballed Ravensthorpe nickel project. Both moves demonstrated a return of confidence in battery metals and for the overall health of the broader market for minerals and metals.

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Brokers Hartleys and Patersons are urging investors to buy shares in Strandline Resources

Brokers Hartleys and Patersons are urging investors to buy shares in Strandline Resources, saying they stand to make handsome profits as the company advances it pipeline of mineral sands projects in Australia and Tanzania. In a fresh research report, Hartley tips Strandline shares to hit 22c compared with their current price of 12c, saying the company has “the potential to build a substantial mineral sands business”. Hartleys examines in detail the recently released Feasibility Study on Strandline’s large Coburn mineral sands project in WA.

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Oil and gas might not appeal to environmentally-conscious investors, but what’s happened over the past week on the global and local stages makes it a hard sector to avoid if profits are what you’re after.

Oil and gas might not appeal to environmentally-conscious investors, but what’s happened over the past week on the global and local stages makes it a hard sector to avoid if profits are what you’re after. A sharp rise in the oil price earlier this week to more than $US74 a barrel was largely a function of international events, including a fresh threat from Iran to blockade the narrow Strait of Homuz at the western end of the Persian Gulf in retaliation against US sanctions.

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Gold down, iron ore up - perhaps with a lot further to go. In a nutshell, they were the highlights of an Easter holidays-shortened week on the Australian stock market.

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On April 12, 2019, Chevron announced to the world its acquisition of Houston based oil and gas firm, Anadarko Petroleum for a staggering US$33 Billion (writes Fabio Scala from Edgebold Capital in London).

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Australian mining companies are reluctant to invest in new capacity for fear of repeating historic mistakes, according to Deloitte Access Economics, casting doubts over a major source of business investment in 2019 (reports The Australian Financial Review). “Although profits are booming within mining, miners have been burnt before by adding too much capacity in good times, and they remain cautious about spending too much,” Deloitte partner and economist Chris Richardson said.

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3rd Dec 2019

RRS Summer Series 2019 - Sydney Conference

One-day investor conference in Sydney on Tuesday 3 December 2019.

5th Dec 2019

RRS Summer Series 2019 - Brisbane Conference

One-day investor conference in Brisbane on Thursday 5 December 2019.

1st - 31st May 2020

Gold Coast Conference

The 2020 Resources Rising Stars Conference will be held in May 2020 at the scenic RACV Royal Pines Resort on the Gold Coast. 

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