Concerns over Glencore’s $71 billion debt pile have wreaked havoc on the commodities multinational’s share price, and the wider global market, with ASX-listed miners feeling ripple effects on Tuesday.
Glencore,
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Union boss wants ACCC to watch freight rail
The Rail Tram and Bus Union says it will approve of Brookfield’s takeover of Asciano if the Australian Competition and Consumer Commission regulates freight rail.
In an interview earlier this week with
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Mining minister Frydenberg: Coal here to stay
WATCH: New minister for resources, energy and Northern Australia Josh Frydenberg has assuaged concerns that the new Turnbull Government could be bad for Australia’s coal sector in a TV interview with
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Alcoa announces split amid aluminium price drop
US-based lightweight metals producer Alcoa will split into two distinct companies, after its board of directors approved a plan to launch two new Fortune 500 companies.
A “globally competitive Upstream
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Rio sells stake in Bengalla mine
Rio Tinto has sold its 40% interest in the Bengalla coal joint venture in the Hunter Valley to New Hope for $866 million.
Bengalla is the smallest of three coal mines in the Hunter Valley of New South
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Arched plate conveyors replace 16 coal feeders at German plant
Bulk handling specialist Aumund says it helped the performance of utility giant RWE’s Neurath power plant by replacing 16 coal feeders with arched plate conveyors ranging in length from 12 to 32 metres.
At
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Macfarlane out, Frydenberg in as mining minister
The resources sector has endorsed the introduction of Kooyong MP Josh Frydenberg as minister for resources, energy and Northern Australia, but has made its demands clear.
New prime minister Malcolm Turnbull
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Brookfield wooing Asciano shareholders
Bermuda-based group Brookfield is holding a series of briefings this week, looking to win over the voting shareholders of Australian logistics firm Asciano, which agreed to a $12 billion takeover offer
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Despite soft copper market, EMR picks up closed Qld mine
A private equity firm backed by former mining heavy-hitter Owen Hegarty has acquired the mothballed Mt Gordon copper mine.
Despite copper trading at six-year lows, Jason Chang – chief executive of Hegarty’s
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Vietnamese steel plant commissions Schade machines
A giant new steel plant in Vietnam is commissioning bulk handling machines it ordered from German heavy equipment supplier Schade three years ago.
At the end of 2012, Schade Lagertechnik received one of
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