Week 1: 4-Minute Monday Reporting Season Podcast.
Australian miners have received a huge boost over the past year as the price of iron ore, the nation’s biggest export, hit a record $US230 a tonne. Rio delivered a record dividend to investors recently following first-half profits of $US12.1 billion, more than double the $US 4.75 billion at the same time last year. Will the other miners follow suit?
Brad Potter, Head of Australian Equity at Nikko Asset Management, shares his view.