CAPITAL MARKETS

Markets 'kept their nerve'

Ausdrill among market risers on ASX

Staff Reporter
 Ausdrill among market risers

Ausdrill among market risers

Asian markets "kept their nerve" as data out today showed the Chinese economy slowed at the end of last year, Reuters reported.

It said China's economy grew 6.4% in the fourth quarter from a year earlier, as had been expected and matching levels last seen in early 2009 during the global financial crisis, but said there were bright spots including industrial output rising 5.7% and retail sales up 8.2%.

Mining and services company Ausdrill (ASX: ASL) was among the bigger movers on the ASX, gaining 5% in late trade after outlining it had secured US$123 million (A$171 million) in new work.

Diversified miner Independence Group (ASX: IGO) was almost 4% higher on no news.

However Australian gold miners slid along with the precious metal price, which has softened to around US$1,280 an ounce on the spot market.

St Barbara (ASX: SBM) was down about 3%, Regis Resources (ASX: RRL) was off 2.45% and Northern Star Resources (ASX: NST) down 2.27% at the time of writing.

Meanwhile US president Donald Trump has come up with a plan to end the government shutdown, while British prime minister Theresa May is set to present parliament with a "Brexit Plan B" later today.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.