Resource Companies To Pay For Environment Rehabilitation In Australia

The Australian state of Queensland will unveil proposed resource regulations and an “insurance fund” to pay for the remediation of old mines. The aim is for resource companies, not taxpayers, to pay for the rehabilitation of the environment.

CSX Railroad Earnings Beat With Record Operating Ratio

Railway giant CSX Corp delivered better than expected Q3 earnings. $CSX achieved a record operating rartio with increases in fuel recovery, price rises and volume growth in most markets. Railway companies Canadian Pacific $CP and Kansas City Southern $KSU report later this week.

Japan Buying Pushes Australian Coal Prices Highest Since 2012

Australian Newcastle spot thermal coal prices hit $120 for the first time since 2012 this week.  Asian countries continuing strong consumption and spot market buying by Japanese utilities to meet demand through the rest of 2018 are pushing prices higher.

Iron Ore and Coking Coal Lead Commodity Prices Higher Says RBA

The Reserve Bank of Australia (RBA) released preliminary estimates for February commodity prices showing the index rose 1.8 per cent (on a monthly average basis) in SDR terms, after increasing by 7.7 per cent in January (revised). Notables from the report were that Iron ore and coking coal led the increase. The rural subindex increased in the month, while the base metals subindex declined. In Australian dollar terms, the index increased by 3.8 per cent in February. Over the past … Continue reading “Iron Ore and Coking Coal Lead Commodity Prices Higher Says RBA”

International Trade and Commodity Prices Pick Up Helping Australia – RBA Lowe

RBA Governor Philip Lowe speaking to the House of Representatives Standing Committee on Economics Friday said the global upswing is helping China’s and Australia’s economies as trade increases and commodity prices rise.