Kaz Minerals Share Discussion Threads

[racg] 23/2/2017 07:18

59c net cash cost, pretty damn good.

[b2l] 23/2/2017 06:18

heho .......... long term strike ..


BHP in for the long haul on Escondida strike as it eyes 30-day wait

BHP Billiton's decision this week to give up its legal right to replace striking workers at the Escondida copper mine in Chile is a move aimed at sacrificing some output to undermine the union's position, analysts said Wednesday.

The strike began on Feb 9, after workers voted overwhelmingly to reject a wage contract offer by BHP Billiton. That led BHP to say it would not be able to meet contractual commitments, driving the copper price up on supply concerns.

BHP made a surprise announcement on Tuesday, saying it would not seek to exercise its right to replace the 2,500 striking workers after 15 days - which would have been this Friday.

Instead, it said it would wait at least 30 days.

The company said this was to assure the safety of its workers but industry experts say it was a strategic move that puts the ball in the union's court.

[losses] 23/2/2017 06:09

Higher interest rates are not good for commode..Overnight, the Federal Open Market Committee released the minutes of its two-day meeting ended Feb. 1, where members believed it might be appropriate to lift U.S. interest-rates "fairly soon." Additionally, proposed tax cuts by the Trump administration and new spending could see rates increase further to keep a lid on inflation.But the minutes didn't offer a clear sign on when the Fed will next raise rates, disappointing some investors. Among key U.S. indexes, the S&P 500 and the Nasdaq both slipped 0.1%, while the Dow Jones Industrial Average ended up 0.2%.

[losses] 23/2/2017 06:05

Copper down again another 1+%... so results need to be good to stem a retrace... forward looking results will be key here today.

[b2l] 22/2/2017 16:14

well bamboo, let´s hope for the best ...

[bamboo2] 22/2/2017 16:12

I am not surprised by the dip today and have used it to top up.
I'm also quite glad to see Cu down today since there is a potential turn tomorrow. :-)

[b2l] 22/2/2017 15:49

with all those good news for KAZ it is curious that share price dropped today
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Citigroup says copper fever may raise the temperature for Australian miners

Copper prices may soar to $US8000 a tonne, or $US3.60 a pound, by the end of the decade according to Citi analysts, who have also upgraded their forecasts for a number of Australian miners highly exposed to the commodity.

The spot price of copper has risen strongly over the past year, particularly since October. It's up 30.3 per cent on February last year, last trading at $US6045.50 a tonne.
hxxp://www.smh.com.au/business/markets/citigroup-says-copper-fever-could-raise-the-temperature-for-australian-miners-20170221-guictg.html

[losses] 22/2/2017 15:28

But it was down around 1.5% earlier so making a recovery

[umitw] 22/2/2017 15:16

Cu is down 0.6% !

[rampant_bull] 22/2/2017 14:57

Not a good day for VED

[racg] 22/2/2017 11:53

Ditto but it ll presage arrival back to stability.

[racg] 22/2/2017 11:53

Ditto but it ll presage arrival back to stability.

[losses] 22/2/2017 11:48

Divi... I'd rather not have it.. use that to pay down debt.

[racg] 22/2/2017 10:41

Mmmm, maybe in the price as not much action today. Still, guess we ll find out if Oleg has any rabbits to pull soon enough. Hope he says something like, '' refinaski agreeski, divski reinstatski.... '' - I know the former is unlikely tomorrow and the latter not a cat in hell's.

[losses] 22/2/2017 09:48

Results will be good as copper price has increased loads

[mustau] 22/2/2017 09:44

added a few this am, hoping results meet.

[b2l] 22/2/2017 06:23

I would rather we didn’t have a strike: BHP Billiton CEO on Escondida

While BHP Billiton swung back into net profit in its latest earnings release and raised its interim dividend, the mining giant is still facing some uncertainties such as the outcome of the ongoing workers strike seen at its Escondida copper mine.

"I would rather we didn't have a strike," BHP Billiton CEO Andrew Mackenzie told CNBC Tuesday.

"We have discussions, negotiations with unions all over the world. Our next phase of productivity and safety requires a greater flexibility from the workforce, a greater sense of empowering them, and them taking control to make themselves more productive."

[cfro] 21/2/2017 13:37

Have been adding more. 600p shouldnt be too much in the way of resistance.

[top tips] 21/2/2017 09:28

Looking strong.

[manics] 21/2/2017 08:35

Positive sector reporting season continues.

[taurusthebull] 20/2/2017 23:14

The strike talks at Escondida that took place on Monday have brokendown,so the strike at the mine continues.Should be good for copper price and kaz price.

[abryer] 20/2/2017 16:15

Thursday 23rd