CAPITAL MARKETS

Spotlight on majors

The state of play for the world’s two biggest miners by market capitalisation will be in the spotlight this week with both due to release operational reviews.

Staff reporter
 BHP's Olympic Dam

BHP's Olympic Dam

Rio Tinto will release its quarterly operations review late tomorrow in London, or Wednesday morning in Sydney.

The diversified major closed slightly higher in London on Friday, after announcing it was declaring force majeure on certain contracts over Rusal links due to US sanctions on some Russian companies and individuals.

BHP is set to release its operation review for the nine months to March 31 on Thursday.

It was up more than 0.8% in late afternoon trade in Australia today as markets await Russia's reaction to Western strikes on Syria over the weekend.

The spot gold price had risen as high as US$1,365 an ounce last week on geopolitical concerns but was back down around $1,343/oz earlier today. 

A second round of strikes was not priced in and could prompt "a sharp risk-off move in markets", Think Markets chief market analyst Naeem Aslam told Reuters.

Gold major Barrick Gold closed up 2.6% on Friday in Toronto. It holds its annual meeting in Toronto next week.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.