Brian Robins

Markets

ALS dumped on profit warning

Brian Robins The gloom enveloping the resources servicing sector is showing no sign of lifting, this time with ALS shares dumped as it warned that the anticipated improvement in its markets has not occurred.

Resources

China's dirty coal ban causes waves

So far this downturn, almost 10,000 direct mining jobs have been lost across the industry.

Brian Robins To its critics it has confirmed their views - and to its investors it is all a monumental media beat-up.

Pharma

Acrux dumped on fears of tighter testosterone drug controls

Testosterone has become widely prescribed to men often for symptoms related to aging, which has prompted some criticism within health circles in the US.

Brian Robins Speculation of tougher controls over testosterone drugs saw the sharemarket worth of Acrux slashed by a quarter earlier today, before the shares were suspeded from trading.

Resources

China coal ban to put more pressure on struggling mines

Coal mining at Musswellbrook in the Hunter Valley, an area that will likely be hit hard by new Chinese regulations.

Peter Ker and Brian Robins with Philip Wen, Beijing At a time when large parts of the industry are not making any money, coal producers may be faced with heavy additional costs to meet China's tougher environmental controls on coal imports.

Risky business: China dumps our dirty coal

coal

Brian Robins, Peter Ker Australian coal exporters are scrambling to clarify the fallout from changes to China's coal import rules, which could expose the industry to billions of dollars in lost sales as China seeks to cut...

Coal industry's turn to feel the effects of Chinese downturn

Brian Robins dinkus

Brian Robins Last week it was iron ore. On Tuesday it was coal's turn, with the Chinese government tightening regulations that, while forcing out lower quality imports, will help to protect its domestic coal...

Resources

Australian export risk on China dirty coal ban

A tourist with a protective mask takes a selfie at the Bund under heavy haze in Shanghai.

Brian Robins A large portion of Australia's coal exports to China could be at risk from a Chinese government decision to block imports of lower-quality "dirty" coal from 2015.

Resources

Arrium to raise $754m on back of iron ore price plunge

The renounceable issue has been  priced at 48c, a steep 26 per cent discount to its last traded price.

Brian Robins Steel maker Arrium has taken a dim view of its near term prospects, turning to shareholders for $754 million via an onerous one-for-one share issue coupled with a large placement.

Snowy Hydro bulks up with $600m energy buy

Potential sell-off: The Jindabyne Damgates open to hit the Snowy River. It could be sold to private investors.

Brian Robins Snowy Hydro has emerged as the fourth largest energy utility with the surprise $600m acquisition of Lumo Energy.

Steadfast bid for Calliden no sure thing

Calliden group logo

Brian Robins Even with board backing, the takeover offer by insurance broker Steadfast for Calliden is far from guaranteed to succeed, with key shareholders unwilling to support the bid which they claim...

Energy

NSW staring at severe gas shortage, warns Ian Macfarlane

NSW could face acute gas shortages within a few years.

Brian Robins NSW will face huge gas shortages within a few years and sharp increases in wholesale prices because of the lack of progress in accessing reserves, federal Industry Minister Ian Macfarlane has warned.

Stopping coal exports 'futile': Rio Tinto

Rio Tinto says any move by Australia to limit coal production or export would have little effect.

Brian Robins Global mining group Rio Tinto has thrown its weight behind the continued role of coal in energy generation, arguing for the development of technologies to more efficiently generate electricity from...

Iron ore price collapse squeezing second-tier producers

Iron ore

Jenny Wiggins, Brian Robins and Tess Ingram The collapse of the third iron ore producer in as many months has put the spotlight on high-cost producers amid the sustained decline in the iron ore price.

Resources

Arrow gas advances Bowen Basin project studies

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Brian Robins Queensland-based Arrow Energy has committed to more detailed studies for the development of its gas reserves in Bowen Basin, as it progresses towards a decision on any future expansion.

Momentum chief warns of energy retailers' wintry outlook

Energy retailers must focus on ways to enhance customer interaction.

Brian Robins Energy retailers are faced with a slide in profitability and declining relevance unless they succeed in broadening their market offering especially with the continued rise in the number of households...

Australian coal industry globally uncompetitive, says Glencore's Mick Buffier

Thermal coal had fetched $US120 a tonne at its peak, but costs have fallen to below $US70 a tonne for coal shipped through Newcastle.

Brian Robins Australian coal miners have seen costs blow out to such an extent that the industry is uncompetitive globally without a correction in the Australian dollar.

Mining impost lives on in higher state-imposed royalties

All states have lifted royalties on iron ore and coal.

Brian Robins The Minerals Resource Rent Tax may have been buried earlier this week, but its impact lives on thanks to the decision of most state governments to raise royalties levied on miners in its wake.

Companies

Bluestone to be wound up

Mining services are under stress.

Brian Robins The administrator appointed to failed labour hire company Bluestone Global has recommended the company be wound up which would likely result in unsecured creditors receiving none of the money they...

Water authorities 'must open door to private investors'

Pressure: Increasing population and unreliable rainfall will test water supplies.

Brian Robins Water authorities should open the door to private investors by moving to 'hybrid' business models as well as allow increased supply autonomy if they are to meet the challenge of continued growth in...

Electricity overhaul to hit heavy power users

Brian Robins Using your air-conditioner during a heat wave - or a cold snap - is going to get a lot more expensive.