One fossil fuel is predicted to dramatically increase in value during the New Year, financial analysts said. Macquarie Group significantly upgraded its coal price forecast for 2023, and expects the...
Tag - earnings
A diversified company is enjoying benefits of rising commodity prices. New Hope Corporation recently reported a five-fold increase in earnings due to the coal mining boom. The proponent recorded $645...
Australia’s resource and energy export earnings in 2016–17 increased to $204 billion, and are forecast to reach a record $211 billion in 2017–18, before declining to $201 billion in 2018–19.
One of the nation’s largest energy producers is fuming about low oil prices that caused the company to lose $1.68 billion after tax in the first half of the financial year. Origin Energy blames...
Rio Tinto has announced a 21 per cent increase in first half underlying earnings to $5.1 billion. Rio Tinto chief executive Sam Walsh said “Our outstanding half year performance reflects the quality...
