"The rationale that they're no longer demerging it is probably the fact that they don't think that they could create as much value as they hoped," said Damian Rooney, director of equity sales at Argonaut.Zinc prices held close to an eight-month high as floods in Queensland state last month have disrupted supply, affecting major zinc miners such as South 32, which rose over 2 per cent.
BHP has stepped up exploration for gas off Trinidad and Tobago hunting which could supply the country's Atlantic LNG plant in the 2020s, a senior executive said. Gold stocks benefited from the US Federal Reserve's patient stance on monetary policy and as the British parliament turned down a"no-deal" Brexit, which led to a weaker dollar that made the yellow metal cheaper in other currencies.
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