AAP

South Boulder Mines expects to start production at the world's first open pit potash mine by 2016 and possibly sooner, with start-up costs expected to be half the average for underground potash min

Predator SABMiller has claimed that takeover target Foster's Group made misleading statements when it reported its annual financial results.

The Australian share market has closed lower as investors expect poor US employment data to push the market even further down.

Borrowers can breathe easy for the next few months, as economists don't expect an interest rate rise for the remainder of 2011, while some are tipping a cut in the new year.

Uranium explorer Extract Resources says it is advancing financing talks for its $US1.66 billion Husab uranium project in Namibia, which is set to be the world's third-largest uranium-only mine.

The Southern Seawater Desalination Plant (SSDP) has been officially opened three months ahead of schedule and will soon begin to produce 50 billion litres of freshwater for the state.

Shares in Excalibur Mining jumped after the gold exploration minnow unveiled a new direction and capital structure, including a planned dual listing on the Toronto Stock Exchange (TSX).

Shares in Pluton Resources jumped after the junior minerals explorer signed a deal to acquire Cockatoo Island iron ore assets in the Kimberley.

Nationals MP Tony Crook says he's changed his view that the Gillard government will go a full term as pressure builds on her leadership.

Qantas Airways has reported improving yields - or average fares per passenger - across the airline group for July.

Ansett employees have finally received their final payout, a decade after the airline collapsed.

Tiger Airways will resume flights to Perth next week, their first since its six-week safety ban was lifted last month.

The Australian share market opened lower as cautious investors anticipated poor US employment data.

The Compass Hotel Group's portfolio will be sold to the Woolworths-backed ALH Group, following an agreement reached with receivers.

The Australian dollar is a few pips higher this morning after a mixed night of trading, as data showed manufacturing is performing better than expected in the US but has tumbled to a two-year low i

Investment boom is more than mining – The Fin; Jobs to go in GESB revamp – The West; Oswal loses bid to stall $100m Burrup case – The Aus; Prices to soar as homes dry up – The West; ALH grabs Compass pubs – The Fin

US stocks dropped more than one per cent on Thursday, a day before a closely watched report on the jobs market will show whether prospects are improving for the world's largest economy.

Treasurer Wayne Swan believes the latest surge in building and equipment spending by business highlights the "great faith" investors have in the nation's economic outlook.

Sundance Resources continues to say that a $1.44 billion takeover bid by the iron ore explorer's largest shareholder is not sufficiently priced.

The average price of Australia's export commodities rose 0.4 per cent in foreign currency terms, hitting a new all-time high in the process.

Worldwide iron ore production growth will need to grow by at least 100 million tonnes a year over the next eight years to meet rising demand, Rio Tinto says.

The Australian share market pared back earlier gains on offshore leads to close slightly higher, led by telecom stocks.

Business growth and confidence among small and medium sized legal and accounting firms slumped in the first half of 2011, a survey shows.

Mineral sands mine developer Base Resources says the top two titanium dioxide producers in the world, Dupont and Cristal Global, are interested in becoming customers for its planned Kwale project i

Ghana-based gold miner Adamus Resources expects to complete its planned merger with Toronto-listed Endeavour Resources by November.

Brick manufacturers will be heavily impacted by a carbon tax compared to other manufacturers, Opposition Leader Tony Abbott says.

Australia's economy is performing slightly better than expected, with a small pick-up in retail sales in July and strong growth in business investment plans for capital expenditure.

Australian manufacturing activity contracted further in August, with the sector continuing to suffer from strong overseas competition and the high Australian dollar, an industry group says.

Businesses were evacuated and motorists warned away after a fierce blaze broke out at an aged care furniture factory in Perth's north-east and spread to neighbouring buildings.

Construction giant Leighton Holdings will vigorously defend claims it did not properly inform the market of its massive turnaround in financial performance.

Ratings agency Standard and Poor's has revised its outlook on Qantas Airways to stable from negative, based on the airline group's new international strategy.

Rio Tinto has appointed former BHP Billiton chief financial officer Chris Lynch to its board as a non-executive director.