Mining and energy stocks drag ASX lower on big day for earnings reports

Mining and energy stocks drag ASX lower on big day for earnings reports

Mining and energy stocks weighed heavily on the Australian sharemarket,dragging the index sharply into negative territory after it briefly pared early losses.

  • bySumeyya Ilanbey

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In $8.6b blow,BHP’s profit is decimated by nickel woes,Samarco

In $8.6b blow,BHP’s profit is decimated by nickel woes,Samarco

Mining giant BHP has taken a big hit to its half-year profit after writing down its WA nickel operations and setting more money aside to deal with its Samarco mine disaster in Brazil.

  • bySimon Johanson
The big money shift:How BHP is getting ready for the future

The big money shift:How BHP is getting ready for the future

A dig into the mining giant’s numbers tells quite a story about the significant changes it has made to how it is spending the vast volumes of cash it is generating.

  • byStephen Bartholomeusz
Mining giants BHP,Rio and Fortescue to watch China as they post results

Mining giants BHP,Rio and Fortescue to watch China as they post results

The health of China’s economy will be a key focus for investors when big miners BHP,Rio Tinto and Fortescue report their results this week.

  • byColin Kruger
Blindsided:The crash that rocked boardrooms and Australia’s wealthy investors

Blindsided:The crash that rocked boardrooms and Australia’s wealthy investors

Nickel was a rising star of Australia’s battery-driven green energy mining boom,but then events in Indonesia changed everything.

  • bySimon Johanson andColin Kruger
Thousands of jobs at risk as BHP takes $10b hit on nickel slump,Samarco

Thousands of jobs at risk as BHP takes $10b hit on nickel slump,Samarco

The global collapse of nickel prices and rising costs related to the 2015 Samarco dam disaster has forced the Australian mining giant to write down the value of its operations.

  • bySimon Johanson
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Australian ‘green’ steel a step closer as iron ore rivals BHP and Rio team up

Australian ‘green’ steel a step closer as iron ore rivals BHP and Rio team up

The world’s two biggest miners are teaming up in a bid to develop Australia’s first electric-smelting furnace.

  • byPaul-Alain Hunt
Qantas pilots strike to clip FIFO wings on Thursday

Qantas pilots strike to clip FIFO wings on Thursday

Network Aviation will cancel about 35 flights carrying workers to WA’s north on Thursday as pilots strike after 18 months of negotiation for improved pay and conditions.

  • byPeter Milne
Australian investors sent a China warning

Australian investors sent a China warning

China is Australia’s largest trading partner,accounting for nearly a third of international trade,and the industries most exposed to Beijing’s economic woes are resources and commodities.

  • bySumeyya Ilanbey
BHP,Vale and Samarco ordered to pay $15b for Brazilian dam disaster

BHP,Vale and Samarco ordered to pay $15b for Brazilian dam disaster

The decision allows for the companies to appeal the sentence. It states that the damages figure should be adjusted to reflect interest,given the time passed since the disaster.

  • byReuters
‘The new norm’:The working from home options Perth’s big businesses are offering staff

‘The new norm’:The working from home options Perth’s big businesses are offering staff

Work at home to save time and money,or travel to the office to socialise and learn? When mandating a full-time return to the office is not an option for employers what are they doing?

  • byPeter Milne