JavaScript disabled. Please enable JavaScript to use My News, My Clippings, My Comments and user settings.

If you have trouble accessing our login form below, you can go to our login page.

If you have trouble accessing our login form below, you can go to our login page.

Mining & Resources

Reserve Bank warns of housing bubble risks as Treasurer Joe Hockey dismisses fears

Mark Mulligan and Stephen Cauchi 12:15am The Reserve Bank of Australia has again expressed disquiet about the risks of an overheating housing market, putting it at odds with Federal Treasurer Joe Hockey, who on Tuesday again played down talk of a property bubble.

Coal industry's turn to feel the effects of Chinese downturn

Brian Robins dinkus

BRIAN ROBINS 12:48am 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 miners.


Arrium may have to close down operations

mining truck

Tim Binsted 12:48am Arrium may have to ask shareholders for more cash and consider closing or halting some of its steel and mining operations despite launching a $756 million equity-raising, analysts say.


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 12:48am 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.


China bans dirty coal to fight pollution

Air pollution has become a huge issue in China's major cities.

2:57pm China has banned the sale and import of coal with high ash or sulfur content in a move to promote cleaner coal and improve the nation's air quality.


Fortescue chief Nev Power gets hefty pay rise despite share slump

Raking it in: Nev Power earned $3.8 million during the 2014 financial year.

PETER KER 3:49pm Fortescue Metals Group chief executive Nev Power has been granted an 11.1 per cent pay rise, as the iron ore miner moves to reward the man who has overseen its near tripling in export volumes.


Hancock extends deadline for GVK on Galilee Basin purchase

Deadline moved: GVK executive Sanjay Reddy.

Amanda Saunders Hancock Prospecting has granted an open-ended extension to its Galilee Basin partner, India’s GVK, on the $US560 million owing on a deal struck three years ago, which underpins one of the country’s biggest undeveloped coal projects.

Arrium's $754m equity raising vital to ease debt burden as iron ore prices fall

Elizabeth Knight Dinkus Dinkus

ELIZABETH KNIGHT The $754 million equity raising by iron ore and steel group, Arrium is being hailed by some as prudent and by others as desperate. The truth lies somewhere in between. The reality is the company that has been carrying too much debt on its balance sheet really didn’t have a choice.

Arrium puts its hand out despite August dividend

Arrium chief executive Andrew Roberts.

Tim Binsted Arrium chief executive Andrew Roberts has defended the steel and mining group's decision to declare a dividend last month after a collapse in iron ore prices pushed Arrium into a $754 million capital raising to shore up its stretched balance sheet.


Coal prices feel the heat as China mulls import ban

Coal mining is facing job cuts.

MISA HAN Iron ore isn’t the only major Australian export item to have tumbled this year – coal has also been on a roller-coaster ride as Chinese demand decreases.


Rio Tinto and Mongolia settle Oyu Tolgoi mine tax dispute

Rio Tinto's Oyu Tolgoi project.

PETER KER Construction of the second stage of the Oyu Tolgoi mine is expected to start within six months.


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.

Police close in on Leighton bribery allegations

Leaked emails have provided new insight into the controversy.

Nick McKenzie and Richard Baker Federal police probing alleged bribery by Leighton Holdings are finalising a brief of evidence to present to prosecutors.

Gas industry's depreciation formula a 'licence to print money'

Michael West dinkus Dinkus

MICHAEL WEST Notwithstanding the confected hysteria from the gas lobby over the impending "cliff" in gas supply, it is now clear that it is demand for gas that is dropping sharply, not supply.

Whitehaven Coal investigated over phantom appointment of green group to oversight panel

Maules Creek dispute: A green group was surprised at its nomination to an oversight committee.

PETER HANNAM The NSW Department of Planning is investigating the seemingly phantom appointment by Whitehaven Coal of an environmental group to a compulsory oversight committee for its $767 million Maules Creek open-cut coalmine.


Profits could make BHP's NewCo a takeover target

BHP's nickel assets are being spun out as part of NewCo.

David Stringer and Andre Janse van Vuuren BHP Billiton's spinoff of discarded assets is forecast to deliver investors a two-thirds uplift in earnings - a prospect that may also tempt predators.


Gina Rinehart says cut red tape 'urgently' to counter iron ore slump

The government needs to act to help reduce the costs placed on Australian miners, who are reeling after iron ore prices plunged to a five-year low, the mining billionaire says.

MAX MASON Mining magnate Gina Rinehart is urging the Australian government to cut red tape as the mining sector grapples with iron ore prices plummeting to a five-year low.

China aims high for carbon market by 2020

Promethean task: reducing China's carbon footprint.

China's national carbon market is likely to regulate 3-4 billion tonnes of carbon dioxide by 2020 and be worth up to 400 billion yuan ($72 billion), a government official said on Thursday, which would make it twice as big as the EU market, currently the world's biggest.

Blue and red US states going green on energy policy

Californian wind farms: support from both sides of US politics for renewables.

Wendy Koch Politically "red" and "blue" US states are increasingly turning green as they push energy efficiency and renewable power to save money and protect the planet, says a report today with prominent bi-partisan support.


Glencore announces surprise debt debut

Sally Rose and Jonathan Shapiro The Australian arm of multinational mining giant Glencore surprised investors on Thursday by announcing a debut deal to tap the local debt capital market for about half a billion dollars.


Roy Hill chief unworried by iron ore price but coy on break-even

The countryside near Roy Hill in the Pilbara.

Tess Ingram Roy Hill Holdings chief executive Barry Fitzgerald says the falling iron ore price isn't of concern to Gina Rinehart's $10 billion venture, but he has refused to reveal the break-even cost of the project.


BHP moves to ease UK backlash over spin-off

Arguing his case: BHP boss Andrew Mackenzie plans to win over UK investors over the company's controversial plan not to list NewCo in London.

James Chessell BHP Billiton chief executive Andrew Mackenzie is preparing a visit to the United Kingdom seeking to win over investors frustrated that the resources giant's $15 billion demerged company will not be listed in London.


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.

WA resource projects at risk of invalid EPA approvals

WA projects given the green light from the EPA could now be invalid.

ALEISHA ORR Twenty-five projects, including 'significant resource projects' which were given environmental approval in the past may be found invalid if challenged, the West Australian government has revealed.

Rio Tinto warns 'clock ticking' on coal mine

Rio Tinto head of energy Harry Kenyon-Slaney.

Angela Macdonald-Smith Rio Tinto’s head of energy Harry Kenyon-Slaney has warned “the clock is ticking” on the approvals process for the controversial Mount Thorley Warkworth coal mine in NSW as producers slash costs to try to overcome weak prices and the strong dollar.


China’s iron ore producers will survive price slump, says ex-BHP Billiton executive Alberto Calderon

Opportunities: Alberto Calderon.

PETER KER The former BHP executive believes most Chinese high cost iron ore miners will stay open despite low prices, putting further pressure on producers in other countries

Stopping coal exports 'futile': Rio Tinto

Rio Tinto says any move by Australia to limit coal production or export would have little effect.

BRIAN ROBINS Global mining group Rio Tinto has thrown its weight behind the continued role of coal in energy generation, arguing for the development of technologies to more efficiently generate electricity from coal as well as to capture its carbon emissions.

Iron ore price collapse squeezing second-tier producers

Iron ore

Jenny Wiggins, Brian Robins and Tess Ingram The collapse of the third iron ore producer in as many months has put the spotlight on high-cost producers amid the sustained decline in the iron ore price.

Iron ore warning: high spending days are over

Elizabeth Knight Dinkus Dinkus

ELIZABETH KNIGHT One of the world's largest investors in mining stocks, BlackRock, has been out and about over the past week issuing warnings to the major resource companies.


WorleyParsons eyes global advisory business with MTG buyout

WorleyParsons chief executive Andrew Wood.

Jenny Wiggins Engineering group WorleyParsons has flagged plans to build a global advisory business as it announced the acquisition of US oil and gas consulting group MTG.

Latest Business News

Most Searched Shares

Executive Style

Special offers

Credit card, savings and loan rates by Mozo

Small Business

Essential Guides


A free independent guide from SMH with expert information.