Thu, Apr 17, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Metals and Minerals more

With metals soft, two more Australian miners warn of likely writedowns

Posted on 30 July 2013

Falling metals prices are exacting a heavier toll on Australia’s mining sector—once the engine of the country’s economy—with two midsize producers the latest to warn of hefty writedowns.
OZ Minerals Ltd., which runs one of the country’s largest copper mines, and gold producer Evolution Mining Ltd Monday warned of a combined hit to their bottom lines of up to 640 million Australian dollars (US$593 million). Each blamed sharp falls in prices of commodities like gold, Australia’s third-biggest export, as the U.S. edges toward tighter monetary policy and China’s economy cools…………………………………Full Article: Source


 Article link

This post was written by:

VRS - who has written 34624 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
S M T W T F S
« Mar    
 12345
6789101112
13141516171819
20212223242526
27282930