Company Overview and News
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US sharemarkets posted solid gains around 1.75% on Friday. Investors were pleased at the jobs report showing solid gains in jobs but weak wage growth. In addition President Trump said he was prepared to meet the North Korean leader. The Dow Jones index rose by over 440 points or 1.8%. The S&P 500 index was up by 1.7% and the Nasdaq was higher by almost 133 points or 1.8% to record highs. (4-0)
The Australian share market has closed higher as investors saw less of a chance of a global trade war after US President Donald Trump exempted Canada and Mexico from US steel and aluminium tariffs and suggested other allies, such as Australia, could also be exempt. (46-0)
OZ Minerals has released a power strategy that it hopes will achieve reliable, secure and affordable power for its assets in South Australia.
Australian shares have opened marginally higher after US indexes oscillated on Wall Street before President Donald Trump appeared to soften his stance on trade tariffs, easing trade war fears that had the market on edge for a week. (46-0)
Aeris Resources Ltd (ASX:AIS) is a growing copper producer through its Tritton Copper Operations in central-west New South Wales. (1-0)
Woomera Mining Limited (ASX:WML) expects to list on the ASX on Monday 5 March through a backdoor IPO via AusROC Metals Limited (ASX:ARK).
Cobalt market news - the DRC to hike taxes on Congo cobalt miners. ERG says "cobalt boom ‘guaranteed’ for 7-10 years." (208-4)
The following slide deck was published by OZ Minerals Ltd. in conjunction with their 2017 Q4 earnings call.
S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) rallied from its low around 1.00pm to finish up for the day. (7-0)
S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) has retraced from its morning high to go back into the red. (6-0)
South Australian copper miner OZ Minerals has released its full-year (FY) report for 2017 with positive results all round, buoyed by a strong operational focus that chief executive officer Andrew Cole expects will continue into 2018.
All of the companies reporting noted below are trading positively except BAL which is down 7.7%. (5-0)
S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) is set for an uncertain open this morning after some volatility in the US over the last two hours of trading. (5-0)
Aeris Resources has received approval from the South Australian Minister for Aboriginal Affairs and Reconciliation, meaning its Torrens copper-gold joint venture (JV) in the Stuart Shelf region can go ahead. Aeris is primarily known for its Tritton copper mine, which reached 10 years of production in 2015.
Cassini Resources Ltd (ASX:CZI) and partner OZ Minerals Limited (ASX:OZL) are about to embark on a $4 million program aimed at sourcing further high-value ore at the West Musgrave project in Western Australia.