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Big miners are focusing on their own exploration efforts in Africa as the cost of taking over juniors with attractive deposits there is too expensive, says Boart Longyear chief executive Craig Kipp.
New motor vehicle sales fell by 3.5 per cent in April, with sales of sports utility vehicles (SUVs) dropping by almost 10 per cent for the month, official data shows.
The head of the company behind the national broadband network has apologised for mistakenly misleading the public about his previous responsibilities at communications firm Alcatel-Lucent.
Australia's top 300 listed companies recorded stronger business conditions in the March quarter and also expect to perform better than smaller companies in 2012, a bank survey has revealed.
Prime Minister Julia Gillard says she will continue to talk about jobs and opportunity, despite two new polls showing a dive in her popularity and Labor's stocks.
The Australian stock market has opened more than one per cent lower following a weak result in the US on Friday night and as Westpac shares went ex-dividend.
US stocks ended the week mired in red on Friday as investors shrugged off US inflation and consumer confidence reports and weighed disappointing company earnings and a firmer dollar.
Carbon threat to power supply – The Fin; Gillard's standing worse than Rudd's – The Aus; Miners say 23,000 jobs at risk – The Aus; Wines or mines: Margaret River divides ministry – The Fin; Pair in bid for rich Lynas asset – The West
Mining giant BHP Billiton says it has addressed all environmental, social, cultural and economic issues raised over its planned expansion of the Olympic Dam uranium and copper mine.
Perth-based construction and engineering group Clough has blamed a drop in its full year profit guidance on bad weather, site access and unexpected tendering costs.
Skills and Jobs Minister Chris Evans says it is "scandalous" that Opposition Leader Tony Abbott failed to address Australia's skills shortage in his federal budget reply.
Global drilling contractor Boart Longyear told shareholders in Perth today it is on track for solid growth this calendar year as exploration for nonferrous metals rises to potentially record levels.
Gold miner St Barbara says it has approached the board of Catalpa Resources with a merger proposal to form "a leading Australian mid-tier gold company" forecast to produce around 480,000 ounces of gold in fiscal 2012.
A small recovery in commodities and a rally in companies that make consumer staples like toilet paper and pasta helped the financial markets reverse a decline Thursday to end the day with modest gains.
The Australian dollar was close to one US cent higher this morning, as traders digest local employment data and as debate continues on the chances of a June cash rate rise.
Abbott throws his lines into Labor's vote pool – The Aus; Big Australia plan downsized – The West; Qantas plans Asian airline to bust unions – The Fin; New Woodside boss sticks to guns – The Aus; Murchison boss flags exit – The West
Australia and India have vowed to double two-way trade flows within five years and agreed to work out a far-reaching free trade deal to underpin further growth.
The Australian share market closed at a seven-week low after a slump in commodity prices, particularly oil and copper, weighed on the resources sector.
Meridian Minerals says its major Chinese shareholder has signed a non-binding agreement to buy its Lennard Shelf lead and zinc project in Western Australia for $78 million.