How Are Investors Looking At These Aussie Miners – BHP, RIO, FMG, NCM

  • Apr 28, 2019 AEST
  • Team Kalkine
How Are Investors Looking At These Aussie Miners – BHP, RIO, FMG, NCM

Mining sector in Australia is the major contributor to Australia’s GDP, which accounts for almost 7% of the GDP. It is one of the top five global producers of zinc, lead, gold, nickel and iron ore. As the fourth largest mining country in the world, the mining sector cannot be overlooked, when it comes to investing money for the long-term duration.

Let’s have a look at some of the Aussie miners as following:

BHP Group Limited (ASX: BHP)

BHP Group is a global resources company. It extracts, mines and process minerals, oil and gas and sells them worldwide.

In the quarterly activities report for the quarter ended 31st March 2019, the company reported the company recorded 92 MMboe of petroleum for Mar YTD19 and 29 MMboe for Mar Q19, down 5% on the prior quarter (Dec Q18). The production of the copper was reported at 420 kt for March Q1 and 1,245 kt for March YTD19. The total exploration expenditure for minerals (during the nine months ended March 2019) amounted to around US$122 million, of which US$84 million was expensed. Production guidance for the FY19 remains to be unchanged, as prescribed for all minerals but reduced to 265 Mt-270 Mt for iron ore.

With the company’s market capitalisation of $112.53 billion, the 52-week high and low of the stock are at A$40.13 and A$29.062. The stock has rallied by 24.23% in the last six months while YTD return stands at 18.29%. The stock of the company last traded at A$37.600 as on 26 March 2019.

Rio Tinto Limited (ASX: RIO)

Rio Tinto is a metals and mining company and works on a global scale having a high number of projects in North America and Australia.

Recently in April 2019, the company announced that its management was undergoing a transformation phase. Joanne Farrell who is Rio Tinto Group executive has decided to retire and will be stepping down on 30th September 2019. However, his replacement has not been announced yet.

In the March 2019 quarter report, the company mentioned that Pilbara iron ore shipments stood at 69.1 million tonnes, 14 per cent lower than the first quarter of 2018. The 2019 outlook for Pilbara deliveries has been updated to be amid 333 and 343 Mn tonnes. The copper production for the quarter stood at 144 thousand tonnes, and production of Titanium dioxide was 296 thousand tonnes.

Rio Tinto’s market capitalisation is of $36.52 billion, and its 52-week high and low are at A$102.83 and A$66.978. The stock has rallied by 32.42% in the last six months while YTD return stands at 33.02%. The stock of the company last traded at A$97.620 as on 26 April 2019.

Fortescue Metals Group Ltd (ASX: FMG)

Fortescue Metals Group is an iron miner on a global scale. The company explores and produces iron ore and has four projects in the Pilbara region.

In the recently released quarterly production report, the company posted US$71/dmt average received price, (47% jump), 38.3 million tonnes shipments, 3.6 safety TFIFR (+10%) and C1 of US$13.51/wmt (4% more than 3QFY18). A total of 48 million tonnes of iron ore was mined in the quarter with 43 million tonnes being processed. Cyclone veronica resulted in loss of 2.5 mt shipments over five days.

With the company’s market capitalisation of $22.88 billion, the 52-week high and low of the stock are A$8.24 and A$3.455. The stock has delivered a return of massive 100.34% in the last six months while YTD return stands at 86.34%. The stock closed at $7.190, 5.34% down (as on 26 April 2019).

Newcrest Mining Limited (ASX: NCM)

Newcrest Mining is an ASX listed metals and mining company which is primarily focused on gold mining and production. The company has a portfolio of mines which are in Australia. In a recent announcement, the company has decided to solely fund the exploration programs across the Encounter-Newcrest joint ventures which is one of the several joint ventures between Newcrest and Encounter Resources Limited. In the recent briefing by the company, it reported 1HFY19 total recordable injury frequency rate (TRIFR) at 2.3. It also talked about 101% shareholders return compared to the gold index return of 35% (from 1st July 2015 to 21st February 2019).

With the company’s market capitalisation of $19.02 billion, the 52-week high and low of the stock are A$26.54 and A$18.575. The stock has delivered a return of 16.20% in the last six months while YTD return stands at 14.00%. The stock of the company last traded at A$25.350 as on 26 April 2019.


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