Original article by Paul Garvey
The Australian – Page: 24 : 6-Feb-19
Peter O’Connor of Shaw & Partners notes that Australian mining stocks have gained 17 per cent since 20 December. Shares in Fortescue Metals Group, BHP and Rio Tinto rallied on 5 February, after the spot price of iron ore for delivery to the port of Qingdao in China rose above $US81 per tonne. Analysts note that the market’s response to the latest iron ore tailings dam disaster in Brazil has been markedly different to the Samarco tragedy in 2015, when commodity prices had already been retreating.
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