https://www.miningweekly.com

PRICE DISCOMFORT

16th January 2015

By: Martin Creamer

Creamer Media Editor

  

Font size: - +

Weak currencies do provide a cushion in times of commodity price fall but the extent to which they are doing that in the current low price environment is, in the main, failing to take away enough hardness. What is worse is that the current commodity price fall does not appear to have ‘short term’ written on it, which prompted Investec Securities to comment in the junior iron-ore context that “the cushion may be soft but the chair is still hard”. It did so in the context of, for example, iron-ore junior Arrium seeking succour from the weak Australian dollar and Arrium CEO Andrew Roberts pointing out that every annualised decline of one cent in the Australian dollar against the US dollar translates into between A$11-million and A$14-million in earnings before interest and tax for Arrium – nothing to be sneezed at, but insufficient to remove the acute discomfort.

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Advanced Fire Suppression Technologies
Advanced Fire Suppression Technologies

Established on 1 March, 2000, by Barries Barnard, Advanced Fire Suppression Technologies (AFST) and the Advanced Group stands as Sub-Saharan...

VISIT SHOWROOM 
Bell Equipment
Bell Equipment

As one of South Africa's leading manufacturers, Bell Equipment distributes and exports its wide range of heavy equipment globally to mining,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.04 0.895s - 109pq - 2rq
Subscribe Now