Aurizon has lowered its earnings forecast for FY17 by between $100 million and $115 million, because of extended shutdowns after Cyclone Debbie battered Queensland in late March.
Three of Aurizon’s four
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Seismic event shuts Newcrest’s Cadia gold mine
Copper-gold miner Newcrest has warned investors that its Cadia operation in central west NSW will not meet its FY17 guidance, after a seismic event last week shut the mine for an undisclosed period.
Surface
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Rail funding for Adani would breach policy, green group claims
The Australian Conservation Foundation (ACF) says a $1 billion loan from the Commonwealth’s Northern Australia Infrastructure Facility (NAIF) for a rail line to Adani’s Carmichael coal project in Queensland
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BHP rejects call to demerge petroleum assets
BHP Billiton has knocked back an investor’s proposal to demerge its petroleum assets and end its dual-listed status to realise greater value.
New York-based firm Elliott Associates on April 10 urged
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Debate flares over $1bn loan for Adani rail line
Prime Minister Malcolm Turnbull says he has spoken with Adani chairman Guatan Adani about the company’s plans to apply for a $1 billion loan under the Northern Australia Infrastructure Fund, to help
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Court battle looms in Rio tax debate
Rio Tinto has published the details of the $4 billion it paid in taxes and royalties in 2016, and says a dispute over $447 million in allegedly unpaid Australian taxes will likely go to court.
The Australian
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Chinese stockpiles put dent in iron ore price
Iron ore has now entered what investors call a “bear market”, with the spot price dipping below US$75 a tonne this week as large Chinese stockpiles put a dent in demand.
With the price now down more
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Aussie-focused Peabody beats bankruptcy
US coal miner Peabody Energy says it will focus on its Australian mines as it recovers from filing for bankruptcy last year.
Peabody last week emerged from its Chapter 11 filing and re-listed on the stock
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Your March-April digital magazine has arrived
The Australian Bulk Handling Review is proud to announce the launch of a digital edition of the ABHR magazine, with the March-April issue now available to view online.
The March-April issue of the Australian
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Questions remain after VLOC sinks off Uruguay
Hull failure and liquefaction are among the potential causes for the sinking of a very large ore carrier (VLOC) off South America last week.
The Stellar Daisy is believed to have sunk thousands
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