Total zircon/rutile/synthetic rutile Quarterly production update

Quarterly production update: Total zircon/rutile/synthetic rutile (Z/R/SR) production in the second quarter was 221 thousand tons inclusive of Sierra Rutile, with 177 thousand tonnes from Iluka’s Australian and US operations. The Tutunup South mine in south-west Western Australia continued to be Iluka’s only Australian mine in operation. During the quarter, 160 thousand tons of heavy mineral concentrate (HMC) was produced and 348 thousand tons processed globally. This reflected the continued draw down of HMC from the Jacinth- Ambrosia mine (currently idle) and the Woornack, Rownack, and Pirro mine (mining completed 2015). The company has announced in June the planned restart of mining at Jacinth-Ambrosia from December 2017, following the substantial draw down of HMC inventory. 

 

 

To read the complete report CLICK HERE. To get your free report CLICK HERE

2016 ALL ORDINARIES ASX Mid Cap Stocks ASX100 ASX200 ASX50 Australian Mid-Cap Dividend Stocks S&P/ASX 100 S&P/ASX 200 S&P/ASX 200 Materials S&P/ASX 200 RESOURCES S&P/ASX 300 S&P/ASX 300 Metals and Mining S&P/ASX All Australian 200 S&P/ASX All Australian 50 S&P/ASX MIDCAP 50 Uncategorized

Newcrest Mining remains confident about Cadia

Gold production in the June 2017 quarter stood at 7.8% lower than the prior quarter driven by a decrease in production from Cadia, following the seismic event on 14 April 2017, while production from Lihir increased significantly, achieving record quarterly gold production of 276koz due to a record mill throughput rate result of 14.5mtpa. Production at Telfer was also higher than the prior quarter following the rainfall events experienced in the March 2017 quarter. The Group AISC per ounce for the June quarter of $902 per ounce, after normalization for the Cadia seismic event, was 26.5% higher than the prior quarter. This was driven by higher AISC at Cadia, Gosowong and Bonikro, partially offset by lower AISC at Lihir and Telfer. The reported Group AISC for the full year has been normalized (i.e. reduced) by $28 per ounce for the seismic event at Cadia, in line with World Gold Council guidelines.   

To read the complete report CLICK HERE. To get your free report CLICK HERE

2016 ALL ORDINARIES ASX Mid Cap Stocks ASX100 ASX200 ASX50 Australian Mid-Cap Dividend Stocks S&P/ASX 100 S&P/ASX 200 S&P/ASX 200 Materials S&P/ASX 200 RESOURCES S&P/ASX 300 S&P/ASX 300 Metals and Mining S&P/ASX All Australian 200 S&P/ASX All Australian 50 S&P/ASX All Ordinaries Gold Uncategorized

Origin Energy Limited Reducing debt and improving returns

Reducing debt and improving returns: Recently, Origin Energy Limited (Origin) had entered into an agreement with Jemena Gas Pipelines Holdings Pty Ltd (Jemena) for the sale of Darling Downs Pipeline Network for $392 million. The transaction lifts sales from Origin’s asset divestment program announced in September 2015 to $1 billion, considerably higher than the original $800 million target and the net proceeds of which will be used to reduce debt.The company continues to make timely progress on the divestment of Origin’s conventional upstream business, Lattice Energy, during calendar 2017.   

 

To read the complete report CLICK HERE. To get your free report CLICK HERE

2016 ALL ORDINARIES ASX Mid Cap Stocks ASX100 ASX200 ASX50 Australian Mid-Cap Dividend Stocks S&P/ASX 200 Energy S&P/ASX 200 Energy ( S&P/ASX 200 RESOURCES S&P/ASX All Australian 200 S&P/ASX All Australian 50 Uncategorized

3 catalysts to push Origin Energy Ltd shares higher this year

Reducing debt and improving returns: Recently, Origin Energy Limited (Origin) had entered into an agreement with Jemena Gas Pipelines Holdings Pty Ltd (Jemena) for the sale of Darling Downs Pipeline Network for $392 million. The transaction lifts sales from Origin’s asset divestment program announced in September 2015 to $1 billion, considerably higher than the original $800 million target and the net proceeds of which will be used to reduce debt.The company continues to make timely progress on the divestment of Origin’s conventional upstream business, Lattice Energy, during calendar 2017.   

 

To read the complete report CLICK HERE. To get your free report CLICK HERE

2016 ALL ORDINARIES ASX Mid Cap Stocks ASX100 ASX200 ASX50 Australian Mid-Cap Dividend Stocks S&P/ASX 200 S&P/ASX 200 Energy S&P/ASX 200 Energy ( S&P/ASX 200 RESOURCES S&P/ASX 300 S&P/ASX All Australian 200 S&P/ASX All Australian 50 Uncategorized

Santos Ltd Ongoing cost control focus and positive guidance

Ongoing cost control focus and positive guidance: Santos Ltd (ASX: STO) stock rallied over 8.2% on July 20th, 2017 after the group’s strong second quarter performance. Santos controlled their net debt position by US$600 million to US$2.9 billion as compared to 2016 year end and expects a free cash flow breakeven for 2017 which currently reached US$33 per barrel from US$47 per barrel at the beginning of 2016.  Further, it has been focusing to control costs while building a strong asset portfolio which could generate a major free cash flow despite the volatile oil price environment. The group’s second quarter production fell 1% to 14.7 mmboe against the last quarter but this was in line with estimates. Sales volumes enhanced 16% to 21.5 mmboe as compared to first quarter of 2017 while sales revenues rose 12% to US$769 million driven by better LNG prices and the timing of liftings. As a result Santos enhanced the production and sales volume for 2017 to 57-60 mmboe and 75-80 mmboe respectively. Meanwhile, Santos also enhanced their drilling activity in Cooper Basin as well as across its GLNG acreage and accordingly expects further wells to improve their gas production in the coming years.   

 

 

To read the complete report CLICK HERE. To get your free report CLICK HERE

2016 ALL ORDINARIES ASX Mid Cap Stocks ASX100 ASX200 ASX50 Australian Mid-Cap Dividend Stocks S&P/ASX 100 S&P/ASX 200 S&P/ASX 200 Energy S&P/ASX 200 Energy ( S&P/ASX 200 RESOURCES S&P/ASX 300 S&P/ASX All Australian 200 S&P/ASX All Australian 50 Uncategorized

APRA advised that the bank’s Common Equity Tier 1 APRA’s reasonable 2020 CET1 target reiterated the confidence on the stock

APRA’s reasonable 2020 CET1 target reiterated the confidence on the stock: APRA advised that the bank’s Common Equity Tier 1 (CET1) ratio need to reach at least 10.5% by January 2020. However, the bank is on track to achieve this target with their CET1 ratio already reaching 10.1% on an APRA basis, as of March 31st, 2017. Moreover, the bank declared a $1.1997 distribution amount, while the reasonable APRA’s target wiped off the concerns over the bank’s ability to pay dividends. NAB is offloading 55% interest in its complementary asset consulting business (JANA) to the JANA senior management team. The bank recently launched a new product to enable Australians manage their superannuation in the lead up to and during retirement.

 

 

To read the complete report CLICK HERE. To get your free report CLICK HERE

2016 ALL ORDINARIES ASX Blue Chip Stocks ASX100 ASX20 ASX200 ASX50 Australian Blue Chip Dividend Stocks S&P/ASX 100 S&P/ASX 200 S&P/ASX 200 Financial-x-A-REIT S&P/ASX 200 Financials S&P/ASX 300 S&P/ASX All Australian 200 S&P/ASX All Australian 50 S&P/ASX Dividend Opportunities Index Uncategorized