BHP fires salvo on industrial relations, tax
BHP Billiton chairman Jac Nasser has launched a broadside at the Gillard government, calling for a halt to tax changes that have unsettled investors, and for an industrial relations system that balances the needs of companies and employees to stem a fall in competitiveness.
Paladin backs early return at Malawi mine
Paladin Energy said discussions with the Local Staff Association (LSA) and government officials in Malawi were continuing in a bid to get striking employees at the Kayelekera uranium mine back to work.
Iron ore demand to drop: Kloppers
BHP Billiton chief executive Marius Kloppers has warned that commodity prices are set to fall as demand growth slows, forcing the company to scrutinise investment decisions more closely.
Gas CEOs urge skills growth
Clough chief executive Kevin Gallagher has joined with senior Chevron Australia executive Colin Beckett to warn that Australia risks losing out on the long-term benefits from the unprecedented investment in liquefied natural gas projects unless it does more to develop specialised engineering skills in the workforce.
Mining leads wages higher by 0.9 pc
Wages grew at a faster pace than economists estimated in the first quarter, led by miners’ pay as the resources boom continued.
Mining workforce turnover ‘costs $140m’
A high staff turnover is costing Queensland's mining industry hundreds of millions of dollars a year, a report into the sector says, finding almost a quarter of the total workforce in the sector is turned over each year.
Adani boss dumped as mine awaits approval
The head of Indian power giant Adani Group’s Australian operations, Jignesh Derasari, has resigned, amid concerns about the progress of the company’s $10 billion coal project in central Queensland.
ACTU plan to avoid more union scandal
The ACTU will create a specialist panel to report on “best practice” governance for the union movement, in the wake of the financial scandal surrounding Craig Thomson and the Health Services Union.
Double act but one message
The double act played out by BHP’s Jac Nasser and Marius Kloppers warns Australia about its minerals and energy future.
IAG hires Evercore to look at UK
Insurance Australia Group has hired Evercore Partners to review the insurer’s UK business.
Yes, the resources boom is over
Commodities are falling as fears build that Greece will leave the euro zone.
Fazzino’s shale-and-hearty call
Guy | He may be an old school petrol-head but that’s not going to stop James Fazzino from embracing the new energy future.
Ferguson better get it while it’s hot
Williams | Australia looks set to dramatically transform its LNG industry but it would be wise not to count its chickens before they’re hatched.
resource indices
| S&P/ASX 200 RES | 4,131.5 | + 30.1 | + 0.73% |
| METALS & MINING | 3,438.9 | + 28.5 | + 0.84% |
| GOLD | 4,964.9 | + 66.6 | + 1.36% |
| MATERIALS | 9,908.8 | + 82.0 | + 0.83% |
| ENERGY | 12,676.0 | + 30.6 | + 0.24% |
| UTILITIES | 4,830.1 | - 7.5 | - 0.16% |
All latest Resources news
Hubei Energy signs $US2.4bn power plant deal
China's Hubei Energy has signed an agreement with the Suizhou county government to build a power plant with total capacity of 4000 megawatts, an investment worth $US2.37 billion.
Paladin backs early return at Malawi mine
Paladin Energy said discussions with the Local Staff Association (LSA) and government officials in Malawi were continuing in a bid to get striking employees at the Kayelekera uranium mine back to work.
Featured stories
Energy head’s policy warning
The federal government’s key adviser on the national energy market says the renewable energy target and carbon price uncertainty could delay investment in lower-emission generation and lead to supply volatility.
Beach tips early first shale sales
APPEA | The Australian Petroleum Production and Exploration Association (APPEA) conference and exhibition continues was at the Adelaide Convention Centre.
Walker capitalises on Hunter Valley coalmining
Property developer Lang Walker has bought 56.7 hectares of land near Maitland in the NSW Hunter Valley, hoping to tap into rising demand for housing as a result of coalmining in the area.
GE offers $470m for Industrea
Industrea has been given approval to seek buyers for its contracting business and potentially create more value for shareholders after agreeing to a $470 million takeover from giant US conglomerate General Electric.
Mining Tax Showdown
Carbon sweeteners on their way
Some households will receive their first instalment of carbon tax compensation from today as the Gillard government begins its roll-out of sweeteners for low to middle-income households, courtesy of carbon tax and mining tax revenues.
Mining tax’s revenue pot shrinks
The federal government intends to spread the benefits of the mining boom, but the pot it tends to pay out from continues to shrink, dropping to $9.1 billion according to forecasts in Tuesday’s budget.
All industry experts
Japan confronts a nuclear void
A battle over nuclear and renewable energy will determine Japan’s future but has also broader global implications.
Jac Nasser nails Labor
Hewett | Whack! Plain speaking BHP Billiton chairman Jac Nasser has never been one for equivocation when he sees a problem.
Resources Quarterly
Big miners like to keep work DIY
ResourcesDaily Quarterly | When it comes to deciding whether to use a mining contractor or to mine its iron ore itself, Fortescue Metals Group director of developments Peter Meurs says his company isn’t wedded to either model.
Mining services sector ripe for consolidation
Family-owned mining services companies are dominating the resources sector as multinational mining giants swallow up the last of the independent coal producers.
CSG fires up Ostwald to expand rapidly
For the family owned company that started out in agricultural earthmoving and cattle feedlots, the coal seam gas business is something of a different tack.
‘Sweet spot’ for drilling, services firms
Australia’s LNG construction boom and the flurry of activity in unconventional gas exploration offer a wealth of business opportunities for equipment supply, engineering and specialised drilling.
RESOURCES COLUMNS
Classic outcrops excite at Condor
Carl Swensson felt a small pang of nostalgia when he heard the news that Rio Tinto was looking to sell the Argyle Diamond Mine.
Red stains of hope on a desolate plateau
Condor Blanco’s Carachapampa project at the foot of the Andes has got the right hues to get geologists excited.
The man at war with BHP
Meet the man taking on one of the world’s largest resources companies. Stephen Smyth is the lead negotiator for three unions that are locked in a bitter dispute against the No. 1 coking coal producer.
Southern coal link clears major hurdle
A $1 billion railway linking southern Queensland coal mines to coal ports near Gladstone has cleared a major hurdle.
Mining
GE offers $470m for Industrea
Industrea has been given approval to seek buyers for its contracting business and potentially create more value for shareholders after agreeing to a $470 million takeover from giant US conglomerate General Electric.
Global Mining Investments (GMI)
Listed investment company Global Mining Investments has flagged plans to de-list from the ASX after trying unsuccessfully to narrow its stock’s discount to asset value.
Energy
Japan confronts a nuclear void
A battle over nuclear and renewable energy will determine Japan’s future but has also broader global implications.
Energy head’s policy warning
The federal government’s key adviser on the national energy market says the renewable energy target and carbon price uncertainty could delay investment in lower-emission generation and lead to supply volatility.
Logistics
Walker capitalises on Hunter Valley coalmining
Property developer Lang Walker has bought 56.7 hectares of land near Maitland in the NSW Hunter Valley, hoping to tap into rising demand for housing as a result of coalmining in the area.
Beach tips early first shale sales
APPEA | The Australian Petroleum Production and Exploration Association (APPEA) conference and exhibition continues was at the Adelaide Convention Centre.
