Thursday, April 4, 8:07 PM
Australian miners are trading higher today, regaining much of what they lost in the previous session after metal futures rose overnight in London: BHP Billiton (BHP +1.7%), Rio Tinto RIO +1.5%), Fortescue Metals Group (FSUMY.OB +1.6%), and Newcrest Mining Ltd. AU:NCM +1.92% (NCMGY.PK +2.2%).
Comment![Commodities, Global & FX]
Monday, August 15, 2011, 3:17 PM
Newcrest Mining (NCMGY.PK +1.6%) moves higher even as the Aussie gold miner cuts production guidance due to sharply higher costs and equipment shortages. The company is noteworthy for, among other things, not hedging any of its production.
Tuesday, May 4, 2010, 7:23 AM
Australia's Newcrest Mining (NCMGY.PK) will buy New Guinea-based Lihir Gold (LIHR) in a sweetened A$9.2B ($8.5B) bid, creating the world's fifth-largest gold producer. Lihir can "continue existing discussions with third parties" until June 8. (PR)
Tuesday, May 26, 2009, 1:22 PM
The 'worst is over' for raw materials demand, says Goldman Sachs, and investors would do well to bet on companies like BHP Billiton (BHP) and Newcrest Mining (NCMGY.PK).