NAB Short Course – Sponsored Feature
This is an excerpt from Business Spectator’s new short course on company results. Click here toread the rest of the article, plus the remaining nine articles in the course.
What the big miners are telling your business
Australia’s mining boom is not over by any means, although there is little doubt that conditions in the sector have deteriorated at a rapid pace.
Declining commodity prices, particularly for iron ore, coupled with weaker demand from the likes of China – our major trading partner – have caused mining profits to slump in the latest reporting period.
For many businesses, the happenings in the mining sector are far removed from the daily realities of manufacturing, retailing, services, and the myriad of other industries that go into making up the wider economy. However, there are direct flow-ons, and business owners would be wise to take note of the events that are likely to shape our economic conditions in the short, medium and long term.
The latest financial results
Below are results from some of the biggest miners in Australia, which are indicative of the conditions being experienced across the sector …
Click here to read the rest of the article, plus the remaining nine articles in the course.