Korea’s LS-Nikko takes stakes in Sandfire
LS-Nikko Copper Inc, a major Korean-owned copper smelting firm, has announced it will buy 12.5 per cent shares in Sandfire Resources NL, Australian minerals exploration firm, through a share placement worth $93.9 million.
Palmer resumes campaign against mining tax
Clive Palmer, the mining tycoon, has announced that is resuming his campaign against the Gillard administration’s proposed rent tax on minerals resource.
Anglo American Plc's Drayton plant resumed operations after accident
Australian mining firm Anglo American Plc has resumed operations in its Drayton coal mines after an accident this morning that affected five workers, hospitalizing four.
Anglo American Plc's Drayton plant resumed operatop
Australian mining firm Anglo American Plc has resumed operations in its Drayton coal mines after an accident this morning that affected five workers, hospitalizing four.
AGL Energy diverts $300m debts
AGL Energy has announced that it has successfully diverted some of its debts to the American market as a part of its scheme to make the firm’s debt maturity longer and to diversify its sources of financing.
Woodside Petroleum’s Pluto project gets backtracked
Woodside Petroleum’s search for suppliers and gas for its Pluto project seems to be getting delayed second stage approval into 2011 at the least.
Babcock & Brown has high risk system says former chief
Babcock & Brown, the failed investment firm, was using a high risk business system and was deep in debt, Michael Larkin, the firm’s last CEO has disclosed to an inquiry regarding the firm’s fall.
SA Premier encourages green energy plan
Premier Mike Rann of South Australia says the federal government’s scheme to integrate more green energy into Australia’s power grid is very good news for their state.
Sydney Morning Herald now in IPad edition
Fairfax Media today announced the launch of The Sydney Morning Herald smart edition application for the iPad, an innovation in publishing that will bring a new dimension to newspaper readership that would benefit both readers and advertisers.
Governor Stevens: Regulation with economic growth
Australian central bank Governor Glenn Stevens has urged other monetary authorities to implement for "regulation that would not undermine economic growth or push risk taking underground.
iiNet ups the bar with bonded DSL
iiNet has announced the release of its bonded ADSL service offering, making it the first internet service provider in Australia to provide such optimized services. The deployment of the bonded DSL technology, which can likely double network speeds by integrating two copper wire pairs, is aimed at the SME market.
Financial adviser gets banned over unregistered funds
Barry Frank Jennings, a financial adviser based in New South Wales, has been barred from providing and offering fiscal services by the ASIC (Australian Securities and Investments Commission) after allegedly giving advice to SMSF investors to place their money on unlicensed products.
Banker Colin Carlton goes missing with $3 million
A Queensland bank in the far north has called in the authorities to investigate the disappearance of more than $3 million as they also continue to look for the branch’s manager who has been missing since the previous week.
Australia's central bank to use EU financial stress tests
Australian monetary policy makers are keen to use the elements of the financial stress tests initiated in European banks and local inflation figures to assess whether to increase interest rates further.
Paladin intends to make bid to NGM
Paladin Energy Ltd, the Uranium mining firm, has said that it is thinking of making a takeover bid to NGM Resources Ltd.
Explosive discovered under Xtrata boss’s car
Authorities are investigating the insertion of a car bomb under the vehicle of an Xstrata senior executive at the firm’s Tahmoor Colliery site in New South Wales.
ASIC to enforce Watson and Cornwell repayment
The ASIC (Australian Securities and Investments Commission) has initiated legal proceedings in the New South Wales Supreme Court against Newcastle Palais Holdings and Empower Invest for violation of enforceable undertakings.
Korea Gas signs deal to purchase WA LNG
KOGAS (Korea Gas Corporation) has struck a 20 year deal to buy LNG (liquefied natural gas) from Western Australia’s Wheatstone gas project.
Santos secures $2 billion loan for LNG projects
Santos has announced that is has secured a loan facility worth $2 billion from nine banks as it pushes ahead with its projects for liquefied natural gas in spite of the previous week’s environmental holdup.
Mines and Energy Minister to attend discussions over contaminated water
Stephen Robertson, Minister for Mines and Energy, has announced that he will attend discussions regarding water contamination concerns in the South Burnett region of Queensland.
Olam International sets offer to NZ Farming Systems
Singapore-based commodity trader Olam International Ltd. has expressed plans to buy into NZ Farming Systems Uruguay Ltd. offering NZ$109.6 million ($77 million).
Asia-PAcific central bankers meet in Sydney this week
The Reserve Bank of Australia will meet with other East Asia-Pacific central banks this week in Sydney to debate economic issues affecting the banking and financial regulatory environment
Bright Dairy offers $58 M to Synlait
Synlait Milk Ltd., a New Zealand milk processing firm, will now have better chances of doubling its capacity at its South Island plant because of a new offer from Bright Dairy & Food Co.
Aussie, NZ dollars slip on elections, employment rate concerns
The Australian dollar fell to the lowest in more than a week as Prime Minister Julia Gillard set an election on August 21, which analysts said will prompt the central bank to refrain from raising interest rates next month.
Olam International sets offer to NZ Farming Systems
Singapore-based commodity trader Olam International Ltd. has expressed plans to buy into NZ Farming Systems Uruguay Ltd. offering NZ$109.6 million ($77 million).
Futures traders set bet on Aussie dollar gains
Futures traders have put their bets on the Aussie dollar gaining on the US dollar, figures from the Washington-based Commodity Futures Trading Commission show.
NZ Farming obtains $77-m offer from Olam International
Singapore-based commodity trader Olam International Ltd. has expressed plans to take control of NZ Farmin Systems NZ Farming Systems Uruguay Ltd. offering NZ$109.6 million ($77 million).
Aquila Resources bullish on Washpool project in Queensland
Australian mining exploration and development firm Aquila Resources has high hopes to produce hard coking coal from its Washpool project but needs would require $320 million of capital investment.
Healthscope approves of A$2-billion Carlyle Group offer
Australian hospital operator Healthscope Ltd. has approved of the for A$2 billion ($1.7 billion) offer of Carlyle Group and TPG Capital.
Healthscope approves Carlyle Group and TPG Capital A$2-B offer
Australian hospital operator Healthscope Ltd. has approved of the for A$2 billion ($1.7 billion) offer of Carlyle Group and TPG Capital.