Consolidation in the resources industry along with high oil prices is set to continue into the new financial year, as financial markets await rulings by European regulators on BHP Billiton's planned takeover of rival Rio Tinto.If all goes to schedule, BHP Billiton should know by October the outcome of a thorough review by the European Union's antitrust regulator - the European Commission - on its bold $US170 billion ($177.34 billion) bid for Rio Tinto.
BHP Billiton chief executive Marius Kloppers has hailed the deal, which will create the world's largest diversified resources group, as "compelling"...
The coffers of oil companies will also continue to fare well, but the message for motorists is a dire one, with no respite from record high oil prices expected, compounding the pain being felt at the bowser.
"It is hard seeing oil going below $US100 a barrel again," ANZ senior commodity strategist Mark Pervan said...
Interest in energy, particularly coal seam gas, which has attracted interest from major international players including, Royal Dutch Shell, Europe's largest oil company, is expected to continue, while uranium is on the verge of a comeback after a couple of years in the wilderness.
Deutsche Bank said in a note to clients that the "world is on the verge of a uranium renaissance" and that the "financial markets continue to underestimate the potential for a rapid increase in uranium demand going forward".
BHP Billiton chief executive Marius Kloppers has hailed the deal, which will create the world's largest diversified resources group, as "compelling"...
The coffers of oil companies will also continue to fare well, but the message for motorists is a dire one, with no respite from record high oil prices expected, compounding the pain being felt at the bowser.
"It is hard seeing oil going below $US100 a barrel again," ANZ senior commodity strategist Mark Pervan said...
Interest in energy, particularly coal seam gas, which has attracted interest from major international players including, Royal Dutch Shell, Europe's largest oil company, is expected to continue, while uranium is on the verge of a comeback after a couple of years in the wilderness.
Deutsche Bank said in a note to clients that the "world is on the verge of a uranium renaissance" and that the "financial markets continue to underestimate the potential for a rapid increase in uranium demand going forward".
