Brian Robins

Motorist lobby NRMA warns of fuel disruption threat as reliance on imports grows

Brian Robins The closure of oil refineries has heightened Australia's exposure to disruptions in fuel supplies now the reliance on imported products has topped 90 per cent, motorist lobby the NRMA has warned.

Government policies needed to head off rising gas prices

Brian Robins Hard on the heels of steep rises to electricity prices, federal and state governments are under mounting pressure to address regulations which are restraining the development of the domestic gas...

Iluka interest pushes up Kenmare shares

Iluka sands

Brian Robins Kenmare Resources is looking up on news Iluka is negotiating to acquire the troubled miner.

Snowy role elevated as market concentration rises

Brian Robins The competition watchdog, the ACCC, has thrown its weight behind the privatisation of Snowy Hydro.

Markets

Lynas shares dive on discounted issue

Brian Robins Shares in troubled rare metals group Lynas Corp dived Monday on news of another deeply discounted share issue, this time to raise as much as $83 million via a placement and rights issue.

Harper review opens the door to tackling green activism

Brian Robins dinkus

Brian Robins As the oil and gas industry has found, overreach by environmental groups is part and parcel of the debate surrounding drilling for coal seam gas or shale.

Mining

Official BREE forecasts show tough times for resources set to continue

Official forecasts confirm the resources sector is set to face continuing price pressure.

Brian Robins and Jonathan Barrett The tough near term prospects for the resources sector are showing few signs of moderating, a trend confirmed by the latest quarterly forecast by the Bureau of Resource Economics and Energy.

Energy

Power privatisation backed by Energy Green Paper

The Green Paper is calling for price reform so that  calling for price reform

Brian Robins Power sector privatisation along with the roll-out of so-called smart-meters as well as improved measures by state government's to ensure gas reserves can be tapped have been highlighted in the...

Resources

New Hope sitting out market downturn with $1.1b cash kitty

Waiting: New Hope is optimistic that the changes underway in China will be to the advantage of exporters.

Brian Robins With $1.1 billion sitting in the bank, the Soul Pattinson-controlled New Hope Corp is sitting out the slump in coal prices as it waits for buying opportunities to emerge.

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.