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Mining & Resources
Peter Ker 9:46 AM Rio Tinto has revealed a surprise 12 per cent fall in iron ore exports, according to a set of March quarter results that were weaker than analysts had hoped.
Tim Binsted 7:49 PM Mining and steel group Arrium lost approximately $8.90 per tonne of iron ore it sold last quarter, as the rapid collapse in prices for the steel making raw material hit margins.
Stephen Cauchi 7:47 PM Oil is trading at four month highs following strong US demand for petrol, but the overall trend remains bearish, according to Deutsche Bank and OPEC.
Peter Ker and Tess Ingram 6:42 PM OZ Minerals has joined a growing flock trying to acquire assets during the downturn in commodity prices, and may expand its horizons into base metals under a new strategy outlined on Monday
Tess Ingram 5:56 PM Evolution Mining will continue to hunt for growth opportunities with the backing of its new strategic partner, La Mancha Resources, after acquiring the private company's Australian gold assets.
Peter Hannam 12:00 AM Australia's abundance of renewable energy resources leaves it well-placed to exit fossil fuels altogether by 2050 at a manageable cost of the economy, according to an Australian National University report.
Simon Evans 3:49 PM More than 230 nuclear reactors are being built or planned, but exploration spending on uranium is less than 20 times what it was in 2007 when prices hit their peak.
Peter Hannam Residents of Bulga in the upper Hunter Valley already threatened by the expansion of a nearby Rio Tinto coalmine may have even more to fear with the mining giant hiring consultants to survey an expansion of the open-cut pit to within about 500 metres of the town.
Phillip Wen Leaders are pressing to shift the country's growth model to a more sustainable footing.
Simon Evans An expert panel of five people who are a mix of "for and against" the nuclear industry have been appointed as South Australia sets out the agenda and deadline for its royal commission into the nuclear fuel cycle.
Tess Ingram Whitehaven Coal has backed away from its optimistic view it can receive increasing prices for its thermal coal this year but, despite this, it will look to increase production.
Quarterly revenue at Santos has collapsed by 24 per cent due to the declining price of oil, but would be worse if not for the falling Australian dollar.
Sally Rose Tasmania is set to give the green light for Australia's first legal medical marijuana grower, in what is expected to be the start of a new industry for the state. Capital Mining, a failed explorer with a plan to transform itself as the second ASX-listed cannabis company, has struck a deal that puts it in line to be granted the first license.
Amanda Saunders Rio Tinto chief executive Sam Walsh says the mining giant has to work harder to ensure it maintains the margin it holds over the industry's high-cost producers.
Stephen Cauchi A larger budget deficit is just one of the likely repercussions of the recent iron ore slide, JP Morgan says as it joins other banks in lowering its price forecasts for the bulk commodity.
Carrie LaFrenz New AGL Energy chief executive Andy Vesey has shaken up the organisational structure of the country's largest electricity and gas retailer, leading to the departure of two senior executives.
Tess Ingram Fortescue Metals Group chief executive Nev Power says executive salaries are not safe from the organisational review sweeping the iron ore miner. He also refused to commit to the number of jobs at risk as a result of changes to the company's rostering system.
Amanda Saunders Fortescue Metals chief Nev Power has accused arch rivals BHP and Rio of hurting the nation by flooding the market with iron ore, while revealing that it plans to lift export targets in the current financial year.
Mount Isa’s business lobby group has joined the fight for uranium mining in Queensland's north west.
Peter Hannam The Abbott government is stepping up pressure on the states to foster “the responsible development of the unconventional gas industry”, including coal seam gas.
Peter Hannam AGL’s coal seam gas operations in northern NSW have hit fresh troubles with the NSW Environment Protection Authority launching an investigation into a gas leak earlier this month.
Tess Ingram A group of Atlas Iron's lenders are reportedly pushing for the miner to enter voluntary administration so they can carry out a debt-to-equity conversion.