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Mining Journal Intelligence Investor Sentiment Report 2024
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MINER'S RIGHT
Paying for profits
Investors with exposure to the big two of Anglo-Australian mining, BHP Billiton and Rio Tinto, are looking forward to a bumper month with both companies expected to report strong profits, but whatever is reported it might be wise to imagine $1 billion being sliced off.
The Pilbara iron ore operations are cash cows for BHP and Rio
It probably won’t happen but Australia’s unhealthy habit of trying to whack its miners with tax increases is getting a fresh airing in the state that contributes the lion’s share of BHP’s and Rio’s profit,...
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