Fortescue Metals Group says its Iron Bridge magnetite deposit near Port Hedland could be the next non-core asset it sells off, after it announced a significant increase in resources at the project.
Australian stocks have closed flat after a directionless day's trade, with gains among the big miners offset by weakness in the consumer staples sector.
Federal Treasury has dismissed suggestions the Chinese economic "miracle" is coming to an end, saying the Asian giant will grow at a more sustainable rate to become the biggest economy in the world
Australian retailers may be doing it hard, but they are fighting back with a new industry group designed to lobby governments on a range of issues affecting the struggling sector.
The Reserve Bank's interest rate should be cut in the new year to boost ailing consumer and business confidence, Westpac chief executive Gail Kelly says.
A former top state government official has been fined $1500 after being found guilty of disclosing confidential government information to former premier turned lobbyist Brian Burke.
Lower interest rates have yet to give a noticeable boost to a manufacturing sector that remains plagued by a high Australian dollar, a new survey suggests.
The head of National Australia Bank has called for an overhaul of Australia's industrial relations and taxation systems as the resources investment boom nears its peak.
Shares in Iluka Resources fell by nearly six per cent on the ASX today after it said sales volumes to the end of November were at the bottom end of guidance.
Westpac does not expect conditions in the banking sector to improve any time soon, but says it is in good shape to deliver sound returns for shareholders.
The Australian market has opened flat after Wall Street fell in response to comments from US Federal Reserve chairman Ben Bernanke that there was nothing he could do if the US fell off the "fiscal
US stocks closed mostly flat on Wednesday after Federal Reserve Chairman Ben Bernanke warned politicians to reach a deal to avoid sending economy over the fiscal cliff.
Former Tourism Western Australia chief executive Richard Muirhead has been appointed chair of the Metropolitan Redevelopment Authority, replacing inaugural chair Eric Lumsden who was in the role fo
Reserve Bank of Australia governor Glenn Stevens wonders whether there might be a better way of using monetary policy than the so-called "quantitative easing" of monetary policy being used by major
Contractor Macmahon Holdings had more bad news for shareholders today, announcing that it would sell its construction business for just $16 million, raise more capital at a deeply discounted price,
The state Australian government has denied there is an endemic problem in local councils after another was suspended, prompting the opposition to again call for an inquiry.
BC Iron has raised $47 million from a share placement which will ensure the company has enough funds to complete the its acquisition of an additional 25 per cent stake in the Nullagine iron ore joi
Construction and engineering firm Decmil Group has won a $30 million contract with Rio Tinto to construct workshops and other minesite facilities in the Pilbara.
