Mining and energy stocks weighed heavily on the Australian sharemarket,dragging the index sharply into negative territory after it briefly pared early losses.
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.
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.
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.
Nickel was a rising star of Australia’s battery-driven green energy mining boom,but then events in Indonesia changed everything.
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.
The world’s two biggest miners are teaming up in a bid to develop Australia’s first electric-smelting furnace.
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.
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.
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.
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?