Business

Surging cash bank prompts big South 32 buy-back

Delays in South 32 acquiring Peabody's Metropolitan mine has added to its cash surplus.

Delays in prospective acquisitions amid continued high commodity prices has prompted South 32, the BHP Billiton spin-out of orphan assets, to buy back close to 5 per cent of its shares for $US500 million

Blame game over gas supply woes

Controls over gas exploration may lead to supply shortages.

The dominant gas transporter, APA warned that frequent rule changes are creating policy uncertainty, threatening to cause "sovereign risk" for investors, but some aren't convinced the company itself isn't the problem.

Macquarie to buy Cargill unit

The deal would expand Macquarie's footprint by adding facilities in Geneva, Switzerland and Minneapolis, Minnesota.

Macquarie Group agreed to buy Cargill's petroleum business, the latest reshuffling of the commodities trader's business.

40 years later, the Snowy Mountains Scheme is back in vogue

A Sydney Morning Herald drawing showing Sir William Hudson in front of one of the Snowy Mountains Scheme dams.

It is easy now, as thousands stream blithely each winter to the ski fields of the Snowy Mountains, to overlook the monumental events of last century on those heights that still affect our daily lives and our industries, and how, in the exploitation of the high country, Australia was transformed, economically and culturally.

SA power plan may end up redundant, analysts warn

South Australian Premier Jay Weatherill.

Plans by the South Australian government to promote battery storage systems and new power stations could be made redundant by plans to boost connections between the state and the national grid, analysts have warned.