Editor’s Note: BHP Billiton (ASX:BHP) and Rio Tinto (ASX:RIO) are the twin mining pillars of the Australian Securities Exchange. But which one is the better investment? Dan Denning in The Daily Reckoning Australia explains why BHP does more to hold up the S&P/ASX 200 — Australia’s main market-cap weighted index.
Editor’s note: There’s a commodities bull markets raging in Australia, says Dan Denning. You could tap into it by buying into the big mining companies. But for maximum profit you could go for junior miners and mining infrastructure stocks.
Editor’s Note: Australia is well positioned to ride the commodity boom, says Dan Denning in The Daily Reckoning Australia. That is unless the government interferes too much…
Editor’s Note: Oil expert Matt Badiali tackles the claim by peak oil guru Dr. Robert Hirsch that we are looking at $500 oil in the next three years.
Australia’s minerals industry is booming.
But Dan Denning in The Daily Reckoning Australia sees two threats on the horizon that could derail Australia’s commodities boom. One possibility is that Australia’s boom will end where America’s depression begins. The other, more likely, scenario is an inflationary melt up.
The extent of the boom was underlined yesterday by an Australian government report predicting export earnings from commodities would rise a whopping 40% $201bn in the financial year to June 2009, led by a 48% surge in mineral exports to A$178bn — the biggest rise in four decades.