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Mining & Resources
Amanda Saunders Australia’s biggest gold miner, Newcrest Mining, continues to be plagued by its troublesome Lihir project in Papua New Guinea, with analysts concerned there is little sign of a turnaround.
Simon Evans Up to 300 jobs will go at BHP Billiton's Olympic Dam mine in northern South Australia, as the company slashes costs.
Bradley Olson and Joe Carroll The first major oil companies to report earnings amid the worst oil crash since 2009 all pledged to protect shareholder payouts even as they announced more than $US20 billion ($25.7 billion) in spending cuts in a span of five hours.
Angela Macdonald-Smith Shell’s global chief executive Ben van Beurden has declared that the company’s proposed greenfield Arrow liquefied natural gas project in Queensland is “off the table” as the oil giant slashes capex in the wake of the oil price slump and gives priority instead to its North American LNG projects.
BRIAN ROBINS Whitehaven Coal has flagged further cost reductions as it struggles to return to break even amid the sustained downturn in the coal market.
ELIZABETH KNIGHT Andrew Forrest's Fortescue Metals is running at full speed, chasing the falling iron ore price with cost reductions.
PETER HANNAM The NSW government has been accused of “signing the death warrant for the Liverpool Plains” after the Planning Assessment Commission approved the $1.2 billion Shenhua Watermark open-cut coal mine for the region.
Tim Binstead Orica chairman Russell Caplan warns there is no short-term relief in sight for Orica’s struggling mining customers.
PETER KER The iron ore miner is rapidly cutting costs in a bid to remain profitable.
MAX MASON Those hoping for a quick recovery in the price of oil might end up being disappointed, with Goldman Sachs and Barclays forecasting the slump to continue for much of 2015.
PETER KER Fortescue Metals Group has beaten analyst expectations for iron ore exports and believes it will escape asset writedowns at its half year financial results next month.
PETER KER A 24 per cent slide in copper prices over the past year could result in more miners reporting asset writedowns next week.
PETER HANNAM AGL's coal seam gas ambitions in the Gloucester area have been dealt a double blow with the launch of two government investigations into the detection of toxic BTEX chemicals in flowback water from two of the company's four wells.
Amanda Saunders Oil prices will cut BHP Billiton’s earnings by up to 14 per cent over the next three years, according to UBS.
PETER HANNAM Australian universities are failing the climate readiness test, with few institutions factoring global warming risks into their investment portfolios, according to a new survey.
PETER HANNAM The Baird government has suspended AGL's operations at its pilot coal seam gas field in northern NSW pending the result of an investigation launched on Wednesday, Energy Minister Anthony Roberts said.
BRIAN ROBINS Shareholders in troubled rare earths producer Lynas Corp might be wiped out unless its weak cashflow improves, because it faces heavy loan repayments in the year ahead, UBS has warned.
Jenny Wiggins Mining services group Bradken has blamed volatility in the global commodity and financing markets for the collapse of takeover talks with private equity suitors.
PETER KER The South Australian Government will also look for ways to help bring infrastructure support to OZ's Carrapateena project.
PETER HANNAM The NSW Environment Protection Authority has criticised AGL for a lack of transparency and launched a "full investigation" after the energy giant disclosed it had detected banned BTEX chemicals in water samples taken at its pilot coal seam gas field in the state's mid-north.
BRIAN ROBINS Shares in troubled rare earths miner Lynas Corp dived on Tuesday after the company warned the improvement in cashflow will not be sustained.
BRIAN ROBINS The Lachlan fold, which extends through much of southern NSW and into Victoria and which hosts much of the minerals resources of the two states, is close to yielding another mine, this time at the site of the former Woodlawn base-metals mine near Canberra.
NICOLE HASHAM Warmer winters and rising gas prices will halve demand for gas in NSW homes and businesses over the next decade, potentially debunking industry claims that coal seam gas fields must urgently be tapped.
James Thomson Shares in iron ore miner Fortescue Metals plunged 10 per cent on Tuesday morning, pushing the stock to its lowest point since early 2009.
Bianca Hartge-Hazelman Just as fresh supply concerns continue to keep global oil prices lower, one investment strategist is going where few are prepared to.
PETER HANNAM AGL has attributed large fluctuations of groundwater levels at its coal seam gas monitoring bores near Gloucester to the effects of sampling but water experts say more information is needed before interference with the water table can be ruled out.
Angela Macdonald-Smith The global oil and gas industry needs to cut costs by at least $US170 billion to avoid an increase in net debt, according to consultancy Wood Mackenzie.
PETER KER Rising demand for Australian bauxite has not tempted Alcoa of Australia to join the export rush.
Angela Macdonald-Smith The dive in oil prices could wipe more than $30 billion from Australia’s export bounty from liquefied natural gas in 2017-18, gouging a huge hole in revenue compared to the projections of just a year ago, according to Westpac economists.