COPPER MINES AND MINING

Fortescue pair strike gold with Greatland

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Original article by Brad Thompson
The Australian – Page: 13 & 15 : 2-Jul-25

Greatland Resources’ recent Australian sharemarket float has been a financial boon for chairman Mark Barnaba and deputy chair Elizabeth Gaines. Their stakes in Greatland are estimated to be worth about $10.3m and $5.4m respectively. Barnaba and Gaines are also directors of pure-play iron ore miner Fortescue; Wyloo, the private company of Fortescue’s founder Andrew Forrest, has an 8.2 per cent stake in Greatland, which is now dual-listed on the ASX and London’s AIM sub-market. A third Greatland director, Yasmin Broughton, was appointed to Fortescue’s board yesterday.

CORPORATES
GREATLAND RESOURCES LIMITED – ASX GGP, FORTESCUE LIMITED – ASX FMG, WYLOO METALS PTY LTD

We will go hard on Winu copper, gold discovery: Rio Tinto

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Original article by Stuart McKinnon
The West Australian – Page: Online : 3-May-19

Rio executive Stephen McIntosh says the company plans to increase the level of exploration activity at its Winu copper-gold discovery in Western Australia so as to quickly ascertain its potential. McIntosh was speaking at a Macquarie Bank conference on 2 May, while he noted that Rio could move to divest Winu if it did not prove to be a "Tier 1 asset". Rio released initial drilling results for Winu in March, following a year or more of speculation concerning its potential to be a major discovery.

CORPORATES
RIO TINTO LIMITED – ASX RIO

Miners place big bets on copper to cash in on electric car boom

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Original article by Nick Evans
The Australian – Page: 17 & 28 : 16-Apr-19

Morgan Stanley has forecast that over 10 million electric vehicles will be sold each year by 2025, up from 600,000 in 2015. The rise in demand for electric cars has been tipped to lead to a corresponding increase in demand for copper, with electric vehicles needing around four times as much copper as an average-sized petrol-driven car. Rio Tinto is making copper a key focus of its future plans, having forecast a copper shortfall of eight million tonnes by 2020.

CORPORATES
MORGAN STANLEY AUSTRALIA LIMITED, RIO TINTO LIMITED – ASX RIO, BHP GROUP LIMITED – ASX BHP, OZ MINERALS LIMITED – ASX OZL, WESFARMERS LIMITED – ASX WES, AUSTRALIAN LABOR PARTY

BHP guidance for iron ore unchanged

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Original article by Timothy Moore, James Thomson
The Australian Financial Review – Page: 15 : 19-Oct-17

BHP Billiton has advised that it produced 64 million tonnes of iron ore in the September 2017 quarter, which is four per cent lower than the same period in 2016. However, BHP still expects iron ore production to be within the range of 275 and 280 million for 2017-18. Meanwhile, copper production rose by 14 per cent to 404,000 tonnes during the quarter, while petroleum production was down eight per cent to 50 million barrels of oil equivalent.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, RBC CAPITAL MARKETS, ELLIOTT MANAGEMENT CORPORATION

Rio sticks with record iron ore target

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Original article by Peter Ker
The Australian Financial Review – Page: 13 : 18-Oct-17

Rio Tinto scaled back its forecast for Pilbara iron ore shipments in 2017 to 330 million tonnes earlier in the year. The resources group is confident of meeting this guidance, after shipments rose by 11 per cent to 85.8 million tonnes in the September quarter. However, Rio Tinto’s export volumes will have to rise to a record 89.8 tonnes in the December quarter to achieve its revised guidance. Meanwhile, Rio Tinto has reduced its forecast for copper production in 2017 for a second time. It now expects global output to be within the range of 460,000 to 480,000 tonnes.

CORPORATES
RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP, YANCOAL AUSTRALIA LIMITED – ASX YAL, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, SHAW AND PARTNERS LIMITED, DEUTSCHE BANK AG

BHP puts US shale back on block

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Original article by Paul Garvey
The Australian – Page: 17 & 26 : 27-Apr-17

BHP Billiton has reduced its 2017 forecast for copper production to between 1.33 million and 1.36 million tonnes due to the impact of industrial action at the Escondida mine in Chile. Metallurgical coal output is also expected to be lower due to Cyclone Debbie in Queensland, while iron ore production guidance has been reduced to between 268 million and 272 million tonnes following inclement weather in Western Australia during the March quarter. Meanwhile, BHP has flagged plans to sell its Fayetteville shale gas fields in the US.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, ELLIOTT MANAGEMENT CORPORATION, JP MORGAN AUSTRALIA LIMITED, MACQUARIE GROUP LIMITED – ASX MQG, GOLDMAN SACHS AUSTRALIA PTY LTD

Rio struggles to get Pilbara exports firing

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Original article by Matt Chambers
The Australian – Page: 21 : 21-Oct-16

Rio Tinto has advised that its Pilbara iron ore shipments for calendar 2016 will be lower than previously forecast, at between 325 million and 330 million tonnes. Its iron ore output in the Pilbara rose by two per cent year-on-year to 83.2 million tonnes in the September quarter, although port and rail maintenance issues resulted in shipments falling by five per cent to 80.9 million tonnes. Rio Tinto has again reduced its full-year production guidance for copper, following a four per cent decline in output during the quarter.

CORPORATES
RIO TINTO LIMITED – ASX RIO, MORGANS FINANCIAL LIMITED, JP MORGAN AUSTRALIA LIMITED, DEUTSCHE BANK AG, BHP BILLITON LIMITED – ASX BHP

Rio’s long game in copper hunt

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Original article by Amanda Saunders
The Australian Financial Review – Page: 59-60 : 24-Mar-16

Expectations of a looming global undersupply of copper has prompted renewed interest in the red metal among the world’s biggest mining companies. Jean-Sebastien Jacques, the head of Rio Tinto’s copper division and the group’s incoming CEO, forecasts that global copper supply will go into deficit in 2018-19. He says Rio would consider buying any so-called tier one copper assets that are put on the market, but notes that even tier two and tier three copper assets are expensive now.

CORPORATES
RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP, UBS HOLDINGS PTY LTD, ANTOFAGASTA PLC, SUMITOMO CORPORATION, INTERNATIONAL COPPER STUDY GROUP