Commodities down again on Europe fears; oil, metals sink

Commodities fell on Tuesday after a one-day gain, with oil prices down about 2% and copper and gold hammered too, as a new leader in France and a leadership struggle in Greece raised fresh worries about Europe's debt crisis and sparked broad...

WA index flat as slower Chinese growth hit commodities

Advisory firm Deloitte on Thursday reported that the market capitalisation of Western Australian listed companies comprising its WA Index was sluggish during March, rising just 0.3% to close at A$168.9-billion. Deloitte’s national mining...

Prices dive as stimulus hopes fade; stockpiles hit oil

Commodities fell across the board on Wednesday, with a surge in US crude stockpiles pressuring oil and as investors worried about the demand outlook for raw materials if there is no U.S. monetary stimulus this year. US gold, copper and wheat...

Deloitte WA Index up 1.5%, Woodside reclaims top ranking

The market capitalisation of Western Australia-listed companies that comprise advisory firm Deloitte’s WA Index increased by 1.5% during February, to close at A$168.3-billion. Advisory firm Deloitte said that reported gains had been...

Sherritt earnings up 20% y/y

TSX-listed Sherritt International's second-quarter profit rose 20%, to $60.1-million, thanks to higher coal and oil prices and increased nickel sales. The company sold 9.1-million pounds of nickel, 1.1-million pounds of cobalt, eight-million tons...

Woodside, softer commodities drag down Deloitte’s WA index

Advisory firm Deloitte reported on Tuesday that a 7.1% or A$14-billion drop in its Western Australian Index for the month of June had been primarily driven by a 12% or A$4.4-billion fall in the value of petroleum producer Woodside. Woodside was...

Gahcho Kué project crosses 'development rubicon'

Gahcho Kué, vying to be Canada’s newest diamond mine, has received the green light from its owners, diamond Giant De Beers and TSX-listed Mountain Province Diamonds, for development. The partners have approved the feasibility study completed...

Gold steady on Greece debt fear; Shanghai margin weighs

Gold held steady on Monday, buoyed by the ongoing debt crisis in the euro zone, while silver trimmed gains as a hike in margins by the Shanghai Gold Exchange kept sentiment in check. The Shanghai bourse plans to temporarily increase margins on...

Higher oil prices lift Husky's Q1 earnings

Husky Energy, one of Canada’s biggest oil sands producers, on Wednesday reported first-quarter earnings of C$626-million, a 70% rise compared with a year ago, after benefiting from non-core asset sales and slightly higher production. Output...

Woodside sees strong demand for LNG from Asia

Around 60-million tons a year of new liquefied natural gas (LNG) supply would be required to meet the growing demand from Asia by 2020, Australian oil and gas major Woodside Petroleum said on Monday. Speaking at the Australian Petroleum...

Gold near record, silver at 31-year peak on Libya

Gold rose to near a record high and silver jumped to its highest in more than three decades on Monday on inflation worries triggered by rising oil prices as widening clashes in Libya deepened fears the country was on the brink of a civil war....

Copper supported at current levels but upside 'constrained' – GFMS

A growing market deficit for copper in the second half of this year will underpin current price levels, but may not prove the incentive needed for a spike in prices in the near-term, GFMS analyst Mark Fellows said on Tuesday. Copper prices set a...