Expense reports to be thing of past

Original article by Yolanda Redrup
The Australian Financial Review – Page: 3 : 11-Jan-19

SAP Concur has processed $160.4 billion worth of employee expenses in the past 12 months, with the company boasting 44,000 customers in 150 countries. SAP Concur president Mike Ebarhard notes that employee expense reports could soon become a thing of the past as digital invoicing becomes more common. He says Australia is lagging behind other parts of the world when it comes to the adoption of digital invoicing.

CORPORATES
SAP CONCUR, WECHAT, SAP AG

Boom time for gas as Australia becomes the major player

Original article by Perry Williams
The Australian – Page: 18 : 10-Jan-19

Australia surpassed Qatar as the world’s biggest LNG exporter in late 2018. However, Australia faces growing competition from rival nations in the LNG market, with global production capacity set to increase by nearly 35 million tonnes in 2019. An additional 60 million tonnes worth of annual capacity is also set to be approved over the next 12 months. The global economic outlook may also affect both demand for LNG and the price of LNG.

CORPORATES
CHEVRON CORPORATION, INPEX CORPORATION, ROYAL DUTCH SHELL PLC, WOOD MACKENZIE, SAUDI ARABIAN OIL COMPANY

Trump makes a year of heavy metal

Original article by Paul Garvey
The Australian – Page: 15 : 2-Jan-19

Commodity prices fell for the seventh year out of the last 11 during 2018. The prices of metals such as zinc, copper and aluminium in particular fell sharply, although supply constraints resulted in strong gains for both coking and thermal coal. The US-China trade war weighed on commodity markets, and the outlook for 2019 may depend to a large extent on the actions of US President Donald Trump. Daniel Hynes of the ANZ Bank and Glyn Lawcock of UBS are upbeat about the outlook for base metals prices in 2019.

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, UBS HOLDINGS PTY LTD, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE

Coal demand resilient in face of risks

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 17 : 19-Dec-18

A new report from the International Energy Agency shows that coal-fired power generation increased by three per cent in 2017 and is expected to grow again in 2018. The IEA’s annual coal outlook also notes that coal’s share of the global energy mix was steady at 38 per cent in 2017. IEA executive director Fatih Birol says coal will remain a major source of power generation for some time. Meanwhile, the IEA forecasts that Australia’s thermal coal exports will rise over the next five years.

CORPORATES
INTERNATIONAL ENERGY AGENCY, ADANI MINING PTY LTD

No New Year’s cheer for iron ore: analysts

Original article by Timothy Moore
The Australian Financial Review – Page: 22 : 3-Dec-18

Data from Fastmarkets MB shows that the spot price for iron ore with 62 per cent iron content was trading at $US65.95 a tonne at the end of November, having peaked at a month-high of $US77.2/tonne on 9 November. Analysts from Liberum Capital are bearish about the outlook for iron ore, forecasting that falling Chinese steel mill profits will reduce demand for higher-grade ore. Liberum has also changed its recommendation on shares in Rio Tinto, BHP Group and Anglo American to "sell".

CORPORATES
FASTMARKETS MB, LIBERUM CAPITAL LIMITED, RIO TINTO LIMITED – ASX RIO, BHP GROUP LIMITED – ASX BHP, ANGLO AMERICAN PLC, CAPITAL ECONOMICS LIMITED, FORTESCUE METALS GROUP LIMITED – ASX FMG, VALE SA, MACQUARIE CAPITAL PTY LTD, WEALTH WITHIN PTY LTD

Rio still upbeat on Chinese demand

Original article by Perry Williams
The Australian – Page: 20 : 13-Nov-18

Rio Tinto CEO Jean-Sebastien Jacques says the Chinese steel industry’s demand for higher-grade iron ore remains strong in the wake of production capacity cutbacks and measures aimed at reducing air pollution. He has also told the UBS Australasia conference in Sydney that structural changes in the aluminium sector will take longer to have an impact

CORPORATES
RIO TINTO LIMITED – ASX RIO, UBS HOLDINGS PTY LTD

BHP cuts US, China growth targets on trade tensions

Original article by Peter Ker
The Australian Financial Review – Page: 21 : 31-Oct-18

BHP Billiton has forecast that GDP growth for both China and the US will be cut by 0.5 per cent to 0.75 per cent over the next two years as a result of the trade war between the two nations. However, BHP’s chief commercial officer Arnoud Balhuizen says the trade tensions have not yet had a "material impact" on the resources giant, even though it has weighed on the prices of some commodities. Balhuizen expects demand for iron ore and coking coal to remain strong in 2019.

CORPORATES
BHP BILLITON LIMITED – ASX BHP

Gold sector told to consolidate

Original article by Peter Ker
The Australian Financial Review – Page: 22 : 25-Oct-18

GoldCorp CEO David Garofalo expects an increase in mergers and acquisitions activity among gold producers, arguing that the large number of players in the sector means it is becoming harder to attract capital. He says further consolidation may be necessary in order to gain the support of generalist investors. Garofalo has downplayed speculation about a potential merger between GoldCorp and Newcrest Mining, which produced 548,351 ounces of gold during the first quarter of 2018-19. This is below the rate required to meet its full-year production forecast.

CORPORATES
GOLDCORP INCORPORATED, NEWCREST MINING LIMITED – ASX NCM, BARRICK GOLD CORPORATION, RANDGOLD RESOURCES LIMITED, REGIS RESOURCES LIMITED – ASX RRL, SARACEN MINERAL HOLDINGS LIMITED – ASX SAR

China’s coal clamps no surprise, says Yancoal

Original article by Peter Ker
The Australian Financial Review – Page: 17 : 9-Oct-18

James Rickards, Yancoal Australia’s general manager of investor relations, does not expect coal prices to be significantly affected by China’s move to reduce thermal coal imports. He argues that it had been widely anticipated, as the Chinese government tends to curb coal imports every year in order to support local producers. Meanwhile, Lachlan Shaw of UBS says Chinese demand for thermal coal is likely to remain strong during the upcoming northern winter.

CORPORATES
YANCOAL AUSTRALIA LIMITED – ASX YAL, UBS HOLDINGS PTY LTD, RIO TINTO LIMITED – ASX RIO, INTERGOVERNMENTAL PANEL ON CLIMATE CHANGE

Australia likely to be fringe player in next LNG boom

Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 23 : 4-Oct-18

Royal Dutch Shell CEO Ben van Beurden expects global demand for LNG to double by 2035. Shell has positioned itself to be a key player in the next LNG boom after making a final investment decision on its $C40bn ($43bn) LNG Canada project. Wood Mackenzie estimates that LNG projects with an annual production capacity of 50-60 million tonnes will receive final approval in 2019. However, Australia is not expected to play a major role in the new LNG boom, as only the Prelude and Ichthys projects are currently being developed.

CORPORATES
ROYAL DUTCH SHELL PLC, WOOD MACKENZIE, INPEX CORPORATION, WOODSIDE PETROLEUM LIMITED – ASX WPL, SANTOS LIMITED – ASX STO, OIL SEARCH LIMITED – ASX OSH