South African mining company Exxaro is set to buy African Iron, an Australian-listed company with iron ore operations in the Republic of Congo, for about $388 million.
Australian shares have risen to a month high as an upbeat start to the US earnings season and hopes of further monetary easing in China sparked a rally in global stocks.
US stocks posted moderate gains Tuesday, lifted by a positive start to the corporate earnings season and Chinese trade data that spurred speculation that Beijing would loosen monetary policy.
US stocks posted moderate gains Tuesday, lifted by a positive start to the corporate earnings season and Chinese trade data that spurred speculation that Beijing would loosen monetary policy.
The Queensland government has ordered an immediate suspension of some dredging in Gladstone Harbour, which is being deepened to support planned gas exports.
The Ichthys liquefied natural gas (LNG) project, which will develop gas reserves off WA's northern coast, has moved closer to a final go-ahead after the partners finalised three new sales agreement
Australian shares added 1.1 per cent after positive Chinese trade data boosted markets already buoyed by positive US earnings and hopes for a pick up in local buyout deals.
Mid West iron ore miner Crosslands Resources, which is set to become a wholly-owned subsidiary of Japan’s Mitsubishi Development after Murchison Metals sells its 50 per cent interest, has received
A takeover push for clothing and footwear maker Pacific Brands could mark the start of a buying spree among private equity firms in search of bargains, analysts say.
IAG confirmed today that its Direct and CGU businesses had received approximately 24,000 claims following the hailstorms and related severe weather which occurred in Victoria around Christmas Day.
Gindalbie Metals today announced a 15-year contract, worth $23 million a year, to logistics group BIS Industries to manage tailings at its Karara iron ore project in the Mid West.
Australian shares extended early gains after a positive start to the United States earnings season and news of more interest from private equity firms in local companies.
New Year is always a good time for starting a diet, and while WA has been expanding rapidly thanks to the resources boom it seems likely that the feast is over, for now.
VDM Group has announced today that it has been awarded a $25.2m contract from BHP Billiton Iron Ore for the design and construction of an ammonium nitrate storage facility at BHP's Jimble
US stocks managed modest gains Monday as Wall Street awaited the unofficial kickoff of the fourth-quarter earnings season and talks between France and Germany on Europe's debt crisis.
European shares fell on Monday in thin trade, dragged down by banking stocks after Unicredit's rocky start to its key rights issue and worries about prospects for the U.S. earnings season.
Grain handler CBH Group has reported a late surge in grain deliveries, pushing the state’s total harvest to an unexpectedly large total in excess of 14 million tonnes.
Northern Star Resources has exceeded its own production expectations, generating $46 million in operating cash-flow for the year, cementing its position as a highly profitable Australian gold miner
Mining company Atlantic has achieved first production at its wholly-owned Windimurra vanadium plant, and says it is continuing to work towards full production in early 2013.
Super Retail Group has bucked the general weakness in national retail trade, reporting a solid lift in half year sales and being rewarded with a lift in its share price.
The Miles Kennedy-chaired Resource and Investment NL (RNI) has struck a deal to buy the Fortnum gold project and surrounding exploration tenements for $35 million in cash and shares.
