Mining shares drift as market steadies on cautious tone
The Sydney and Brisbane stock exchanges observed a slight retreat in mining shares while overall trading showed steadiness. Leaders like BHP and Barmah moved within narrow ranges as investors weighed the dollar problem and mining sector prospects amid mixed company results and brief gains across several producers.
MENTIONED IN THIS ARTICLE
Bev Vinge Gain Sa
Emma Hich
Stock Exchange
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Dart
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eMerda
Fragmented OCR Summary of Local News Item
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Mining and oil shares drift in price indices
Mining and oil shares show a slight decline in early trading with the oil index dipping about 0.54 points to 134.26, marking a second consecutive day of lower activity. The report notes mixed performance across commodity sectors as investors wait for further market signals.
MENTIONED IN THIS ARTICLE
Ene
Aoegra
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BHP may lift steel prices again in May says official
A Melbourne spokesman for the Broken Mill Phy Company Ltd says there is no firm plan to raise prices yet but the option is open. He notes demand in Australian and export markets has fallen, and monthly steel production was cut in November. Prime Minister McMahon had been mentioned in discussions, though no date or price is set.
MENTIONED IN THIS ARTICLE
Broken Mill Phy Company Ltd
Ste
Melbourne
BHP
Woogeaman
Daniel
McMahom
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