Fortescue Metals Group: Surprise dividend on cash flow windfall By Adrian Prendergast, 15 May 2019, 9:01 AM Senior Analyst Sectors Covered: Mining, Energy Exceptional iron ore strength, which has especially helped lower grade products, has seen FMG's profitability double during 2H'FY19.
Whitehaven Coal: Poised for a return of the momentum investor By Tom Sartor, 15 April 2019, 8:00 AM Senior Analyst Sectors Covered: Resources, Metals We think the market is discounting pricing risk excessively, and that now is a smart time to accumulate.
BHP Group: Big 2H expected By Adrian Prendergast, 24 January 2019, 1:25 PM Senior Analyst Sectors Covered: Mining, Energy A weaker-than-expected 2Q operational result, although BHP expects a big 2H.
Rio Tinto By Adrian Prendergast, 21 January 2019, 8:53 AM Senior Analyst Sectors Covered: Mining, Energy Good 4Q but almost at target
Coronado Global Resources: A global met coal player of scale By Tom Sartor, 30 November 2018, 2:24 PM Senior Analyst Sectors Covered: Resources, Metals We initiate coverage with an Add recommendation
Orocobre: The site visit By Chris Brown, 21 November 2018, 12:33 PM Senior Analyst Sectors Covered: Emerging resource sector We visited Orocobre's lithium carbonate project in Argentina, and we were impressed.
BHP Billiton: Announces buy-back and special dividend By Adrian Prendergast, 02 November 2018, 8:26 AM Senior Analyst Sectors Covered: Mining, Energy A great outcome for investors
OZ Minerals: Conviction thesis intact By Tom Sartor, 22 October 2018, 3:52 PM Senior Analyst Sectors Covered: Resources, Metals The market continues to under-appreciate OZL's valuation uplift as Carra transitions from peak capex this year into cash generation from 2020
BHP Billiton: Scalable upcycle By Adrian Prendergast, 19 October 2018, 7:39 AM Senior Analyst Sectors Covered: Mining, Energy Sustained capital discipline and healthy demand fundamentals have delivered a potentially extended upcycle in resources, with BHP our top pick.
Rio Tinto: Strategy shifting gears By Adrian Prendergast, 18 October 2018, 2:45 PM Senior Analyst Sectors Covered: Mining, Energy We maintain our Add rating