Gillard contrasts Ichthys success with euro crisis
Prime Minister Julia Gillard has used the official ground-breaking ceremony at Inpex’s $US34 billion Ichthys LNG project in Darwin to reiterate the boost resources are giving to the Australian economy.
Paladin’s Malawi mine back on line after strike
Uranium miner Paladin Energy's mine in Malawi is back at full production following an industrial dispute sparked by demands for a 66 per cent pay rise from local workers.
Olympic Dam ‘ready to go’: Weatherill
South Australian Premier Jay Weatherill says he has no reason to believe BHP Billiton will not approve spending on the $US30 billion expansion of the Olympic Dam copper, uranium and gold mine by the end of the year.
Institutions snap up SP AusNet shares
Energy infrastructure owner SP AusNet has raised $342 million in the institutional part of its entitlement offer and says it expects to raise a further $92 million in the underwritten retail part.
Adelaide Brighton in buying mode
Building materials producer Adelaide Brighton is evaluating a number of bolt-on acquisitions to expand its aggregates business in key markets because it expects sales of cement products to be slightly higher this year than in 2011.
Pension funds get nervous about CSG
Concern about growing investment risk in the coal seam gas and shale gas sector has driven some of Australia’s largest pension funds to join shareholder activist Regnan in a global initiative to raise operating standards in the industry.
WA sets up $4.7bn future fund
Updated | WA will launch a mining royalty-fuelled future fund that is forecast to grow into a $4.7 billion cash box by 2032, as part of a pre-election budget designed to spread the benefits of unprecedented wealth.
Union show of defiance targets BHP
Coalminers are preparing to declare a mass, seven-day strike across BHP Billiton’s Queensland coalmines from next week in a show of defiance against the company’s call to reduce the power of unions.
BHP Billiton backs away from joint venture
BHP Billiton is turning its back on a silver, lead and zinc joint venture project in north Queensland amid doubts over its potential.
Coalworks steps up attack on takeover bid
Coalworks has stepped up its calls for shareholders to reject a $142 million takeover offer as well as a separate bid to dump its chairman and chief executive.
Double act but one message
The double act played out by BHP’s Jac Nasser and Marius Kloppers warns Australia about its minerals and energy future.
Synergy key for IAG buyer
Given Insurance Australia Group’s troubled history in the UK, a sale of its Equity Insurance Group business makes sense.
Land of the rising sum
There may well be a new pillar of support for Australian resources and the Australian economy – Japan, which is seeing growth at last.
Japan confronts a nuclear void
A battle over nuclear and renewable energy will determine Japan’s future but has also broader global implications.
Jac Nasser nails Labor
Hewett | Whack! Plain speaking BHP Billiton chairman Jac Nasser has never been one for equivocation when he sees a problem.
Double act but one message
The double act played out by BHP’s Jac Nasser and Marius Kloppers warns Australia about its minerals and energy future.
resource indices
| S&P/ASX 200 RES | 4,022.9 | - 113.8 | - 2.75% |
| METALS & MINING | 3,351.3 | - 94.6 | - 2.75% |
| GOLD | 5,186.7 | + 198.8 | + 3.99% |
| MATERIALS | 9,656.0 | - 253.6 | - 2.56% |
| ENERGY | 12,349.1 | - 343.9 | - 2.71% |
| UTILITIES | 4,782.2 | - 74.1 | - 1.53% |
All latest Resources news
Paladin’s Malawi mine back on line after strike
Uranium miner Paladin Energy's mine in Malawi is back at full production following an industrial dispute sparked by demands for a 66 per cent pay rise from local workers.
South Africa ‘confident’ of solution to Iran oil ban
South Africa, which receives a quarter of its crude from Iran, is holding almost daily discussions with the US, EU Union and Iran about reducing its purchases.
Featured stories
Energy head’s policy warning
The federal government’s key adviser on the national energy market says the renewable energy target and carbon price uncertainty could delay investment in lower-emission generation.
Beach tips early first shale sales
APPEA | The Australian Petroleum Production and Exploration Association (APPEA) conference and exhibition continues was at the Adelaide Convention Centre.
Walker capitalises on Hunter Valley coalmining
Property developer Lang Walker has bought 56.7 hectares of land near Maitland in the NSW Hunter Valley, hoping to tap into rising demand for housing as a result of coalmining in the area.
GE offers $470m for Industrea
Industrea has been given approval to seek buyers for its contracting business after agreeing to a $470 million takeover from giant US conglomerate General Electric.
Mining Tax Showdown
Carbon sweeteners on their way
Some households will receive their first instalment of carbon tax compensation from today as the Gillard government begins its roll-out of sweeteners for low to middle-income households, courtesy of carbon tax and mining tax revenues.
Mining tax’s revenue pot shrinks
The federal government intends to spread the benefits of the mining boom, but the pot it tends to pay out from continues to shrink, dropping to $9.1 billion according to forecasts in Tuesday’s budget.
All industry experts
Japan confronts a nuclear void
A battle over nuclear and renewable energy will determine Japan’s future but has also broader global implications.
Jac Nasser nails Labor
Hewett | Whack! Plain speaking BHP Billiton chairman Jac Nasser has never been one for equivocation when he sees a problem.
Resources Quarterly
Big miners like to keep work DIY
ResourcesDaily Quarterly | When it comes to deciding whether to use a mining contractor or to mine its iron ore itself, Fortescue Metals Group director of developments Peter Meurs says his company isn’t wedded to either model.
Mining services sector ripe for consolidation
Family-owned mining services companies are dominating the resources sector as multinational mining giants swallow up the last of the independent coal producers.
CSG fires up Ostwald to expand rapidly
For the family owned company that started out in agricultural earthmoving and cattle feedlots, the coal seam gas business is something of a different tack.
‘Sweet spot’ for drilling, services firms
Australia’s LNG construction boom and the flurry of activity in unconventional gas exploration offer a wealth of business opportunities for equipment supply, engineering and specialised drilling.
RESOURCES COLUMNS
Classic outcrops excite at Condor
Carl Swensson felt a small pang of nostalgia when he heard the news that Rio Tinto was looking to sell the Argyle Diamond Mine.
Red stains of hope on a desolate plateau
Condor Blanco’s Carachapampa project at the foot of the Andes has got the right hues to get geologists excited.
The man at war with BHP
Meet the man taking on one of the world’s largest resources companies. Stephen Smyth is the lead negotiator for three unions that are locked in a bitter dispute against the No. 1 coking coal producer.
Southern coal link clears major hurdle
A $1 billion railway linking southern Queensland coal mines to coal ports near Gladstone has cleared a major hurdle.
Mining
BHP to blame for IR disputes: Shorten
Updated | BHP Billiton's inability to negotiate with its workers is to blame for never-ending industrial strife at its Queensland coal mines, federal Workplace Relations Minister Bill Shorten says.
GE offers $470m for Industrea
Industrea has been given approval to seek buyers for its contracting business after agreeing to a $470 million takeover from giant US conglomerate General Electric.
Energy
Japan confronts a nuclear void
A battle over nuclear and renewable energy will determine Japan’s future but has also broader global implications.
Energy head’s policy warning
The federal government’s key adviser on the national energy market says the renewable energy target and carbon price uncertainty could delay investment in lower-emission generation.
Logistics
Leighton reviewing disclosure methods
Leighton Holdings has appointed an external consultant to review its disclosure procedures after breaching laws and being fined $300,000 earlier this year.
Walker capitalises on Hunter Valley coalmining
Property developer Lang Walker has bought 56.7 hectares of land near Maitland in the NSW Hunter Valley, hoping to tap into rising demand for housing as a result of coalmining in the area.
