Gents, do you take the path of least resistance, or spend the time your hair deserves?
Mining & Resources
Amanda Saunders 6:07pm Don Argus said the mining giant's controversial decision to spin off a $US15 billionresources company will create value in a suite of assets overlooked by the market.
Jenny Wiggins 12:36pm Asciano forecast stronger growth in fiscal 2015 and said talks over a sale of a minority interest in Patrick ports continued to “progress” as the logistics group’s annual net profit dropped 24 per cent to $257 million from the year-earlier $336.8 million.
Simon Evans 8:11am Jerry Ellis led the miner during one of its darkest periods. He maintains the 2001 merger was a good move.
Jesse Riseborough 5:59am Glencore's billionaire chief executive officer Ivan Glasenberg underscored his belief in the longevity of the global commodities boom by beating his biggest rivals in handing out surplus cash to investors.
PETER HANNAM Mining company Rio Tinto was able to respond within days of receiving environmental requirements for its Warkworth coalmine expansion plan because of "workshopping" with the NSW Department of Planning and Environment, according to Greens MP David Shoebridge.
Angela Macdonald-Smith Woodside Petroleum has sharpened its appetite for acquisitions, with chief executive Peter Coleman hinting that Apache’s stake in the $29 billion Wheatstone LNG project in Western Australia is on the list of potential targets.
BRIAN ROBINS Energy utility AGL will pay the NSW government $1.5 billion for Macquarie Generation.
Amanda Saunders Despite BHP Billiton’s controversial $US15 billion ($16 billion) spin-off freeing up cash flow for the mining company, chief executive Andrew Mackenzie says acquisitions are not on the cards and the miner will instead concentrate on executing the cheapest possible expansions of its ''four pillar'' commodities.
PETER KER BHP Billiton’s plan to spin out a group of non-core assets is far from a fait accompli, with a top 10ten shareholder refusing to guarantee his support and legal experts warning that demerger relief from the Tax Office was far from assured.
BRIAN ROBINS Fortescue Metals is predicting iron ore prices will head upwards again despite market expectations of prolonged weakness.
Perry Williams BHP Billiton’s Australian shares fell by over 4 per cent in early trading, mirroring a similarly steep fall in London overnight, as investors reacted negatively to a controversial $14 billion demerger plan and the lack of a mooted $3 billion buyback.
Fortescue's report reveals record high net profit and follows a record operational performance with 124.2 million tonnes shipped, a 54 per cent increase.
BRIAN ROBINS AGL has reported a profit after tax of $562 million, but also an underlying profit slide.
Angela Macdonald-Smith Woodside Petroleum reported a 27 per cent increase in first-half net profit to $US1.105 billion, fuelled by higher LNG prices, a lift in production and lower exploration write-offs.
David Stringer, James Paton Tugboat crews working at BHP's Port Hedland project could cost the industry up to $100 million a day.
PETER KER BHP Billiton chief executive Andrew Mackenzie does not believe last night's sell-down on London markets was a rejection of the demerger option his company revealed on Tuesday, pointing instead at the absence of a share buyback and the complex nature of the proposal.
PETER KER BHP Billiton’s historic $15 billion spin off has been given an instant thumbs down by the company’s London investors as a plan to create a new Perth-based miner combined with a lower than expected profit disappointed shareholders.
MALCOLM MAIDEN The assets that BHP is spinning off shape up nicely, just not as nicely as the ones it is keeping.
PETER KER Australia’s biggest company will do much more than simply publish a profit figure when it hands down its full year financial results this afternoon.
Angela Macdonald-Smith Oil Search recorded a 34 per cent jump in first half profit to $US152.5 million, boosted by the start-up of the $US19 billion Papua New Guinea liquefied natural gas project.
Angela Macdonald-Smith Hong Kong conglomerate Cheung Kong Group is ready to take over gas distributor Envestra after finally reaching the 90 per cent of shares.
Tim Binsted Steel and mining group Arrium has reported an 83 per cent jump in full-year underlying net profit to $296 million as growth in iron ore exports boosted earnings.
Amanda Saunders Fund managers have raised questions over BHP Billiton's plan to anoint a chairman and chief with insufficient operational mining experience to sit at the helm of its planned $14 billion resources company spin-off.
PETER KER OZ Minerals won't go any further with studies unless a joint venture partner is forthcoming.
A rare earth elements mine in the Kimberley has been recommended for conditional environmental approval.
Tim Binsted Peter Smedley’s successor as chairman of mining and steel group Arrium has been announced.
Angela Macdonald-Smith US oil and gas player Apache has made what is being heralded as the country's largest oil discovery in the last 30 years.
PETER KER Rio Tinto will consider divesting its majority stake in the Bouganville Copper project, after the local government imposed tough new conditions on the project last week.
PETER KER The biggest goldminer on the ASX, Newcrest Mining, has narrowly beaten analyst expectations by posting a $432 million underlying profit for 2014 financial year.
James Chessell and Amanda Saunders BHP Billiton is likely to appoint its longest-serving director, David Crawford, as the inaugural chairman of a new mining company created by the $14 billion spin-off of unwanted assets the board is set to formally approve on Tuesday.