Original article by Paul Garvey
The Australian – Page: 20 : 23-Mar-16

The Australian dollar has risen by about 10 per cent so far in 2016. This has offset the benefits of the rebound in the prices of key resources commodities, which are typically priced in US dollars. Mining companies have also been hit by increased fuel costs due to the rally in the crude oil price. Tom Price of Morgan Stanley says the rise in the value of the currency and the crude oil price may prompt more resources groups to reduce production or mothball mines.

CORPORATES
MORGAN STANLEY AUSTRALIA LIMITED, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG