Full bench finds Forrest misled investors
Mining magnate Andrew Forrest faces being banned from running the company he founded after a full bench of the Federal Court overturned a decision clearing the billionaire of having misled investors.
BHP’s $80bn plans baffle analysts
BHP Billiton’s plan to spend $US80 billion on growth projects over the next five years has certainly captured the market’s attention.
Mining tax is crucial: Wong
The former Howard government has been accused of squandering over $300 billion of a revenue windfall from the commodities boom, as the Gillard government resumed its push for a mining tax on Friday.
WA seeks to raise uranium royalties
The West Australian government is considering lifting royalties on uranium as the state gears up for a wave of yellowcake mines.
Macarthur flags lower sales, higher prices
Flooded Queensland coal producer Macarthur Coal has cut its 2011 financial year sales guidance again as a result of extended seasonal rainfall, but the company said it could benefit from sustained high prices.
Griffin in grim struggle for survival
Ric Stowe and the directors of his collapsed Griffin Coal face charges after they allowed the company to trade while insolvent.
Business fears stoked by carbon-deal limbo
Government, Greens and independent members of parliament failed to agree on Friday about how to put a price on carbon, and discussions are set to drag on for some months.
New WA oil project sets up Apache for growth
Apache has approved the development of a new oil project in Western Australia, which will form part of a renewed spurt of growth for the US oil explorer in Australia starting next year.
US margin pressure weighs on Sims result
Metal recycling group Sims Metal Management has released details of its disappointing US margins in its half-year profit result.
DUET’s interim net profit falls 36pc
Energy utility investor DUET Group posted a 35.9 per cent drop in first-half net profit to $60.6 million, after an increase in interest costs, depreciation and amortisation charges and on costs associated with a debt refinancing.
Financial Review TV
Record result
BHP CEO Marius Kloppers discusses future growth, acquisitions and a focus on maximising existing projects.
Coal yet to weather the worst
Street Talk | Analysts believe hard coking coal forecasts could stay closer to heightened levels of $US300 a tonne for longer than initially expected because of recent force majeure declarations in Queensland.
Commodity surge nervously bubble-like
China and resources | On the heels of extraordinary results from the world’s biggest diversified miners, a number of analysts are getting a little nervous about commodity markets.
How to sustain the energy
The scale of the energy challenge is daunting and if emerging nations follow historical patterns of development, energy demand could triple by 2050, writes Damon Frith.
Foreign bidders face the net benefit test
Allens Arthur Robinson partner David Maloney says Canada’s blocking of BHP Billiton’s Potash Corp bid sheds light on the bid for ASX Ltd.
BHP’s interests way ahead of Australia’s
Peter Roberts | BHP CEO Marius Kloppers is obviously unaware of the irony in his assertion that “Australia does not want to become an open pit in the southernmost province of China”.
Demand dynamics to push oil higher
Market monitor | It’s understandable that investors are asking why BHP Billiton could be contemplating spending up to $US50 billion in a bid to acquire additional oil and gas exposure.
Bandanna feels the energy rise
Financial Review TV | Ray Shaw of Bandanna Energy talks about the latest projects, assets and capital raising.
Indo Mines builds strength with iron ore
Financial Review TV | Martin Hacon tells Resources Daily about operations and prospects at Indo Mines.
Stanmore Coal pushes forward
Financial Review TV | Stanmore Coal’s managing director Nick Jorss discusses operations.
Carabella showing potential
Financial Review TV | Michael Addison of Carabella Resources talks about the potential for investors.
Burleson Energy progressing
Financial Review TV | Burleson Energy is making progress in Texas and looking for further development.
Australian Bauxite gives outlook
Financial Review TV | Australian Bauxite CEO Ian Levy describes a successful year and plans for the future.
Hancock Coal aspirations
Financial Review TV | Hancock Coal is aiming to export 60 million tonnes a year of thermal coal from the Galilee Basin in central Queensland.
International Base Metals goes IPO
Financial Review TV | International Base Metals is pursuing listing as the company looks for copper in Namibia.
Gryphon gets gold fever
Financial Review TV | Stephen Parsons of Gryphon Minerals thinks gold will continue to rise and Africa is the place to do business.
resource indices
| S&P;/ASX 200 RES | 6,033.0 | + 5.4 | + 0.09% |
| METALS & MINING | 5,243.7 | + 0.4 | + 0.01% |
| GOLD | 7,785.2 | + 56.2 | + 0.73% |
| MATERIALS | 14,417.3 | + 7.6 | + 0.05% |
| ENERGY | 16,521.2 | + 57.7 | + 0.35% |
| UTILITIES | 4,327.9 | + 9.4 | + 0.22% |
All latest Resources news
Oil prices rise as Mid East unrest escalates
Benchmark crude prices rose on Friday as anti-government clashes in the Middle East kept worries of oil supply disruptions alive ahead of the three-day holiday weekend in the United States.
Copper rises on $US; Vale cuts lift nickel
Copper rose on Friday as the doper centlar softened versus the euro, attracting non-US investors, while news miner Vale would cut some of its nickel output underlining supply concerns.
Featured stories
Coalminers supply a rich seam of deals
It should be no surprise that news Gloucester Coal had cancelled two days worth of pre-planned marketing for unspecified reasons sent plenty of tongues wagging.
China IPO premiums getting too high
Asian floats stunned the world last year, but Colonial’s top stock picker in China reckons the IPO window may have since closed.
BHP spreads the gains around
BHP Billiton’s decision to raise its stock buyback program by $US5.8 billion was welcome news for traders who exploit price differences between London and Sydney.
Free trade talk is cheap
Peter Sutherland was running the World Trade Organisation the last time it managed to conclude a global trade deal.
RESOURCES COLUMNS
Peru: the next LNG competitor
The Good Oil | News that Spain’s Repsol has signed its first liquefied natural gas supply deal with Korea Gas Corp, the world’s biggest LNG buyer, is more significant for Australia than it might initially appear.
Stanmore Coal focused on Mackenzie, Range
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Project Watch I Since listing in December 2009 Stanmore Coal has quietly proved up a resource at two of its projects while diversifying its exploration targets across a host of tenements in the Bowen and Surat basins.
Bandanna Energy re-listed in the nick of time
First Person | Bandanna Energy’s chief executive Ray Shaw has had luck on his side. As far as deals go, the timing of the emerging Queensland coal explorer’s relisting on the ASX couldn’t have been better.
Can-do spirit sees Kanmantoo through
Project Watch | Just seven months after new CEO Drew Simonsen stood before a crowd of doubting faces, Hillgrove Resources’ Kanmantoo copper project is fully funded through development and early production.
All industry experts
How to sustain the energy
The scale of the energy challenge is daunting and if emerging nations follow historical patterns of development, energy demand could triple by 2050, writes Damon Frith.
Foreign bidders face the net benefit test
Allens Arthur Robinson partner David Maloney says Canada’s blocking of BHP Billiton’s Potash Corp bid sheds light on the bid for ASX Ltd.
Mining Tax Showdown
In these circumstances, a mining tax looks different
The order in which things happen in politics, and the context in which they happen, can determine the success or failure of an initiative as much as its value, or the steely determination of the body politic to pursue it.
Mining tax is crucial: Wong
The former Howard government has been accused of squandering over $300 billion of a revenue windfall from the commodities boom, as the Gillard government resumed its push for a mining tax on Friday.
Mining
Oil prices rise as Mid East unrest escalates
Benchmark crude prices rose on Friday as anti-government clashes in the Middle East kept worries of oil supply disruptions alive ahead of the three-day holiday weekend in the United States.
Copper rises on $US; Vale cuts lift nickel
Copper rose on Friday as the doper centlar softened versus the euro, attracting non-US investors, while news miner Vale would cut some of its nickel output underlining supply concerns.
Energy
WA seeks to raise uranium royalties
The West Australian government is considering lifting royalties on uranium as the state gears up for a wave of yellowcake mines.
Business fears stoked by carbon-deal limbo
Government, Greens and independent members of parliament failed to agree on Friday about how to put a price on carbon, and discussions are set to drag on for some months.
Logistics
Qld mines have become safer, says minister
Workplace deaths in Queensland's mining industry have decreased, according to an annual safety report.
Forrest faces ban
Updated | Mining magnate Andrew Forrest faces being banned as a company director after the full bench of the Federal Court in Perth overturned a 2009 decision clearing Mr Forrest and Fortescue Metals Group of misleading investors.