BHP Billiton Ltd [ASX:BHP] had a tremendous climb in 2016, finishing 40.31% higher for the year. But the stock is struggling to climb in 2017.
Investors seeking a speculative punt have poured into lithium plays. Zenith Minerals Ltd [ASX:ZNC] is a tiny miner looking for the next big lithium project.
Resolute Mining Ltd [ASX:RSG] is a gold miner operating mines in Africa and Australia. This morning, RSG dropped 6.69%, to a low of $1.25.
It was a great morning for Aussie iron ore companies Atlas Iron Ltd [ASX:AGO], Champion Iron Ltd [ASX:CIA] and Fortescue Metals Group [ASX:FMG].
Rubies aren’t the only resource available to Mustang Resources. They have exploration licences at the Balama Graphite Project in Mozambique.
Aussie miners, BHP Billiton Ltd [ASX:BHP] and Rio Tinto Ltd [ASX:RIO] both took a heavy beating today, as commodity prices fell following gains in the USD.
Billion-dollar mining giant Rio Tinto Ltd [ASX:RIO] fell more than 3%, to $61.51, in mid-afternoon trade. The fall pushed Rio’s market cap below $100 billion, to $99.92 billion.
Alumina’s price jumped nearly 10%. The move came on the back of overnight news that China’s leadership is cutting back on steel and aluminium production.
While the bounce in commodity prices helped lift its profit, RCR Tomlinson is looking for new ways to diversify its revenue base.
Shares of Rio Tinto Ltd [ASX:RIO] slumped more than 4.1% today as the iron ore price retreated from recent highs.