Brian Robins

Energy

Canberra willing to back missing gas pipeline link

Brian Robins The federal government may be requested to help underwrite the investment risk of the proposed $1.3 billion gas link which could see gas flow from northern Australia to NSW to help stave off any...

Contractor

Boart warns of risks to financial survival

Brian Robins As Rupert Murdoch demonstrated when News Corp faced financial oblivion in the early 1990's: if you owe the bank $100, that's your problem, but owe it $100 million, then it is your bank's problem.

Iluka hopes for mineral sands rebound

Iluka sands

Brian Robins Optimism that the mineral sands ­market may be through the worst of its prolonged downturn helped to push Iluka’s shares higher Friday.

Energy

Origin posts earnings slide on soft energy markets, shelves $1b share sale

Origin energy

Brian Robins Soft energy markets has taken its toll on the earnings of Origin Energy with its underlying net profit slipping to $713 million in the year to June from $760 million a year earlier.

Energy

AGL bets on coal with MacGen buy

AGL expects improvement in wholesale power prices.

Brian Robins Energy utility AGL will pay the NSW government $1.5 billion for Macquarie Generation.

Fortescue Metals eyes further debt cuts as profits soar

Brian Robins Fortescue Metals is predicting iron ore prices will head upwards again despite market expectations of prolonged weakness.

Mining

AGL to raise $1.2b as profit meets estimates

AGL's net income has grown by $125 million in the last year.

Brian Robins AGL has reported a profit after tax of $562 million, but also an underlying profit slide.

Tasmanian salmon producer Tassal readies for growth

Brian Robins Tasmanian salmon producer Tassal Group has flagged a new round of capital spending to position itself for growth after lifting net profit 23 per cent to $41.06 million.

Utilities

EnergyAustralia suffers heavy sales slide on warm winter

Energy Australia has suffered weaker sales due to a warmer than expected winter.

Brian Robins One of the country’s largest electricity groups, EnergyAustralia, has suffered a heavy slide in sales of energy in the June half due, which points to weak output from competitors such as AGL...

Bradken to axe more jobs, shift more production offshore

Brian Robins Heavy engineer Bradken has warned of deeper job cuts as it shifts more production abroad, to lower cost production centres.

Coal mining downturn to be prolonged: Citi

Coal miner

Brian Robins The downturn in the coal mining sector may have further to run, with no upturn expected anytime soon as investment bank Citi has warned of a further decline in capital spending which will pressure...

Surplus

Reduced demand is powering a deepening electricity surplus across Australia

Electricity

Brian Robins Electricity usage is set to continue declining for at least three or four years, which will deepen the glut of power generation capacity in the national electricity market to a point where it will...

Utility

Cheung Kong set to win control of Envestra as APA folds

Brian Robins After hanging in the balance, control of energy utility Envestra is set to change hands

Roads

ACCC's Rod Sims calls for 'congestion pricing'

A computer problem shut the Burnley Tunnel.

Brian Robins Along with privatisation, "congestion pricing" should be on the table in any debate over how to achieve further economic efficiencies, the head of the competition watchdog Rod Sims said.

Ausdrill dives on write-off

Brian Robins Shares in contract driller Ausdrill plunged on Wednesday following the release of write-offs of as much as $90 million, which is equal to nearly one third of the company's worth.

Call for overhaul of power charges

Brian Robins The outgoing head of the Australian Energy Regulator has called for an overhaul of electricity charges - and in the process lashed out at a push by electricity companies to seek to protect their...

Ausdrill hit by write-down of up to $90 million

US shale gas production could be headed for a serious slump.

Brian Robins Contract driller Ausdrill has flagged write-offs of as much as $90 million as it battles a severe downturn in the resources sector, with any pick-up expected to be slower than it anticipated.

Jobs at risk after Peabody Energy cuts production at Burton coalmine

Brian Robins Against the backdrop of continued weak coal prices and hard on the heels of job losses elsewhere in the mining sector, US coalminer Peabody Energy is to slash output at its Burton coking coalmine in...

Mining

Mining gloom deepens with no bottom in sight

No light in sight: Thousands of jobs in limbo.

Brian Robins The outlook for the mining sector took another big step downwards Tuesday with the collapse of a labour hire company putting thousands of jobs at risk as heavy engineer and contract miner Downer EDI...

Mining

Bluestone collapse puts thousands of jobs at risk

Boom or bust: A slowdown in mining has put pressure on service companies such as Bluestone.

Brian Robins The receiver appointed to labour hire company Bluestone Global was scrambling on Tuesday to keep as many as 3500 contract workers in their jobs amid the deepening fallout to the mining services...