National Pump and energy
HomeMining Industry News WA mining stocks regain ground

WA mining stocks regain ground

Wednesday 4th of January 2017 10:10:12 AM



Western Australia mining stocks are regaining ground with at least one company reporting a share price gain of more than 400% in the past 12 months.

An end-of-year analysis released by broking firm CommSec shows five WA based mining companies made the list of the top ten performers reaping the highest percentage gains on the Australian Stock Exchange.

They included Resolute Mining, Galaxy Resources and Fortescue Metals Group.

"It's basically because of the significant recovery that we've had in a lot of commodity prices," CommSec chief economist Craig James said.

"The iron ore price was up over 80-odd per cent. We saw coal prices up similarly and oil prices up in the order of 40 per cent.

"The higher prices certainly produced stronger interest in the mining sector."



Read Full Story Here

Recent Related News

WA mining stocks regain ground

Wednesday 4th of January 2017 10:10:12 AM

Western Australia mining stocks are regaining ground with at least one company reporting a share price gain of more than 400% in the past 12 months. An end-of-year analysis released by broking firm CommSec shows five WA based mining companies made the list of the top ten performers reaping the ....


Here’s Why Resolute Mining Limited Shares Soared 10%

Thursday 30th of April 2015 08:18:14 AM

Shares of $200 million ASX-listed gold miner, Resolute Mining Limited (ASX: RSG), soared 10% today following the release of its quarterly activities report earlier in the day. For the three months ended 31 March 2015, Resolute produced 91,792 ounces of gold at an all-in sustaining cost ....


Resolute Mining Focuses On Underground Operations

Monday 23rd of March 2015 01:27:39 PM

Gold miner Resolute Mining has turned its attention to its underground operations at Syama, in a move to end uncertainty about the future of its biggest asset. Resolute is now reviewing its Syama mine plan situated in Mali, after announcing a deferral on a previous open pit expansion. It plans to ....


Y Fronts teaser banner MiningLink prefered resume writers Civil Link Banner
Heavy Duty Diesel Fitter
Diesel Fitters required ASAP FIFO Perth to Pilbara

Heavy Duty Diesel Fitter
Bis Industries requires a Heavy Duty Diesel Fitter to join our Kalgoorlie Workshop

HR HC MC Driver
International mining contractor with over 2000 employees Great career opportunities Family friendly lifestlye

WHSE Advisor
Bis Industries is seeking an experienced WHSE Advisor

Account Manager
Bis Industries is seeking an experienced Account Manager to join our team in Tomago, NSW.

Glencore Moves Some Transport Operations To Trucks On Queensland Roads
It has been confirmed by Glencore that there will be more freight on the road in north Queensland after rail company Aurizon lost its contract. Aurizon's contract loss in January meant ....

Olive Downs Coal Mine Project Takes The Next Step
The Olive Downs project coal mine proposal near Moranbah has moved a step closer to being approved leaving Central Queenslanders feeling more positive. The $1 billion project will create more ....

Legal Bid Launched To Pay QLD Apprentices Less Than Award
A legal bid has been launched by Queensland’s peak construction bodies to continue paying first-year apprentices $8.93 per hour, almost $4 less than the award. The unions have slammed the ....

Confident National Party MP Says Narrabri Coal Seam Gas Proposal 'will Go Ahead'
Representing the area covered by the proposed Narrabri Gas Project, Kevin Humphries the Nationals MP is confident that the coal seam gas company Santos will pass the relevant checks and gain ....

Proposed Open Cut Mine At Drayton South Rejected For The Fourth Time
To stop the Drayton South proposal for once and for all, the horse industry says the legislation that permanently banned the proposed Bickham coal mine near Scone is needed. The NSW Planning ....