And while China and America bicker over currencies, Chinese firms are scrambling to buy real assets. And while Aussie banks source foreign borrowing to lend in local real estate, Aussie mining firms go begging for bits of capital that would bring world-class ore bodies (and key strategic resources) into production…by local producers and owners.
November 19th, 2009 | Dan Denning | 1 comment | ContinuedAll Posts Tagged With: "bhp"
A Deep-water Oil Find Off the Coast of West Africa
About twenty minutes later we found ourselves tucked away in Café Paradis reading about the latest deep-water oil find off the coast of West Africa. The positive drilling results in the Venus well off the coast of Sierra Leone are not far from the Jubilee field Ghana, which is Africa’s largest deep-water oil field. It could be, so the experts say, the next big off-shore oil bonanza.
September 18th, 2009 | Dan Denning | 3 comments | Continued
Gorgon LNG Deal with China a Really Big Deal
Well just a day after highlighting the size and scope of the Gorgon LNG project in Western Australia, we have news that it really is a big deal. It is so big, in fact, that Martin Ferguson, the Federal Minister for Energy and Resources, said Australia is emerging as an “energy superpower.”
Shazzam!
August 19th, 2009 | Dan Denning | 5 comments | Continued
Banks or BHP?
Are Australian banks going to be able to sustain their dividends? Over the last ten years, bank fee income has become a big driver of bank profitability (and the source of the dividends paid by banks). The credit crunch has crunched the amount of money banks make lending money.
August 13th, 2009 | Dan Denning | 3 comments | Continued
Is it Possible China’s Steel Industry Has Excess Productive Capacity?
“China’s steel output has taken up 48% of the world’s total in the H1 of this year, further exacerbates the oversupply picture and hurts the healthy industrial development. And Mr Roland Verstappen vice president of ArcelorMittal also said steel overcapacity is quite clear in China and which will press down steel prices, sweep smaller mills out of the market and causes unemployment.”
August 6th, 2009 | Dan Denning | 8 comments | Continued
Global Credit Shortage is Over According to European Central Bank
That all sounds like common sense. So why are so few policy makers using their head? The people who hope the global economy can be revived through a resumption of credit growth seem to forget that it was massive credit growth that created the problem (massive global imbalances, huge debt levels, and mal-investments) in the first place.
July 23rd, 2009 | Dan Denning | 2 comments | Continued
Australia Presents Investors With Great Portfolio of Energy Choices
The uranium spot price is coming off a low after a big correction. But as we’ve covered in Diggers and Drillers, the demand for nuclear fuel from global utilities is on the rise. Australia – with over 30% of the world’s proven uranium reserves – is in the pole position (side by side with Kazakhstan, arguably) to provide the world with what it needs.
July 21st, 2009 | Dan Denning | 1 comment | Continued
Attack of the Bond Yields
Just to be clear though, the big trends now are soaring inflation and falling financial asset prices, along with increased energy scarcity. This produces a variety of pair trades, which include: short government bonds, long energy, short residential housing, long gold, and probably short commercial real estate and corporate bonds as well, while going long farmland and agriculture.
June 11th, 2009 | Dan Denning | 4 comments | Continued
Uranium: A Carbon-friendly Substitute for Coal
You don’t have to worry about a uranium supply glut quite yet, though. It’s a subject we’ve been covering over at Diggers and Drillers. There are other, smaller ore bodies that could enter into production if the uranium industry ever gets off the ground in Queensland.
May 22nd, 2009 | Dan Denning | 4 comments | Continued
U.S. Stocks Concentrate on Present Bond Market Data
Maybe investors were relieved that the auction of US$24 billion in seven-year notes went off without a hitch. It’s always good to know your creditors haven’t cut you off yet-especially when you need to borrow another $2 trillion. It’s no wonder the Dow rallied 174 points and the NASDAQ climbed into positive territory for the year.
March 27th, 2009 | Dan Denning | 2 comments | Continued