Newcrest to Expand Copper Operations
Copper has moved to centre stage for Australia’s biggest gold miner Newcrest Mining, as the company revealed its future direction and plans for four major projects on Tuesday.
Read MoreCopper has moved to centre stage for Australia’s biggest gold miner Newcrest Mining, as the company revealed its future direction and plans for four major projects on Tuesday.
Read MoreChina is facing a looming crunch as fears about power shortages runs headlong into renewed speculation about the fate of stricken property developer Evergrande and others.
Read MoreGains in oil and iron ore were ignored and the local market will start in the red as overnight futures traders took their cue from a sliding Wall Street on Monday than from commodity prices.
Read MoreHeavy rains and flooding saw more mines forced to shut down in China’s biggest coal-producing region over the weekend, sending prices to a record and hindering efforts by Beijing to boost energy supplies for winter.
Read MoreThere’s already plenty of interest for green hydrogen in Western Australia and now Queensland wants in on the act, with two new proposed projects announced in as many days in the Sunshine State.
Read MoreInvestors punished Star Entertainment Group in particular yesterday, but didn’t miss other casino groups after media reports about alleged misconduct surfaced over the past couple of days.
Read MoreAPI is making sure both its putative bidders understand how it is well it is performing at the moment with a surprise earnings upgrade ahead of the release of its full year results later this month.
Read MoreAmpol has at last won the green light from the board of New Zealand’s Z Energy and will move ahead with its $2 billion offer to take over NZ’s largest petrol and diesel retailer.
Read MoreInflation will dominate thinking in global markets this week with CPI and PPI data for September from the US and China reminding investors of the so-called elephant in the room: rising cost pressures.
Read MoreA big week for oil and analysts believe there are more gains in store, even as inflation worries dominate global markets, rock bond yields and currencies and impact momentum across the board.
Read MoreA weak start for the ASX this morning as it frets about rising energy and inflation costs, problems in China, rising interest rates, soaring house prices, Covid Delta and anything else analysts can throw up.
Read MoreAs usual America’s biggest banks again kick off another earnings season this week and will set the tone for the rest of the S&P 500 to report for the three months to September 30.
Read MoreUS investment house Wedbush Securities issued an eyebrow-raising estimate of the value of the electric vehicle (EV) industry over the next decade – $US5 trillion – or close to $A7 trillion.
Read MoreDespite the somewhat hostile response to its tightening of home loan serviceability rules this week, APRA will have to go even further to achieve its desired result of a more stable and affordable property market.
Read MoreThe startling growth of EVs and other renewable technologies during the pandemic has ignited a race for copper – existing mines and producing assets as well as greenfield discoveries.
Read MoreThe $50 million top-up announced by Woolworths on Friday pushes the total bill for its underpayments to staff to $420 million, a not inconsiderable amount.
Read MoreAustralia’s third-biggest listed supermarkets and hardware group Metcash is changing CEOs with the incumbent, Jeff Adams deciding to retire and return to the US.
Read MoreIn a surprise statement yesterday, the Australian Competition and Consumer Commission has raised concerns over Qube’s $90 million acquisition of grain logistics company Newcastle Agri Terminal.
Read MoreNavarre Minerals has successfully raised most of the $40 million it was seeking to buy Evolution Mining’s Mt Carlton gold mine in North Queensland and a nearby prospect called Crush Creek.
Read MoreSigma’s attempt to snatch control of API appears to have been thwarted, with rival bidder Wesfarmers exercising its call option over 19.3% API shares to put it in a dominant blocking position.
Read MorePilbara Minerals shares jumped yesterday after announcing new ore reserves of lithium oxide at its key WA mine, reversing a weeklong selloff that had seen the company’s stock price lose around 10%.
Read MoreThe local sharemarket doesn’t seem to know if it is Arthur or Martha at the moment, with the many global and local factors currently at play certainly giving traders a wild ride so far this week.
Read MoreAs expected, the Reserve Bank of NZ (RBNZ) has lifted its key interest rate; not so expected was APRA’s decision to introduce a small tightening of controls over housing finance.
Read MoreNewmont has been forced to slash estimated 2021 gold production from its huge Boddington mine in WA by 17% after problems introducing its new autonomous truck fleet.
Read MoreBHP has reached a deal with a battery-making joint venture between Toyota Motors and Panasonic, thereby greatly expanding the company’s footprint in the rapidly growing electric vehicle business.
Read MoreChina’s continuing power shortage has forced the Xi Jinping government to blink and start unloading coal from Australia on ships held up by the country’s yearlong ban.
Read MoreWith Evergrande hogging all of the attention, news has surfaced that two smaller property companies have missed debt payments, while one revealed a separate debt that no one knew it had.
Read MoreNo change to monetary policy from Tuesday’s October meeting of the Reserve Bank board and no updates on mooted moves to control the surge in house prices, either.
Read MoreDe Grey Mining has moved closer to developing its still-growing Mallina gold prospect in Western Australia’s Pilbara region, which the company believes could become Australia’s 5th biggest gold mine.
Read MoreEvolution Mining has slimmed its mine portfolio with the proposed $90 million sale of its Mt Carlton gold mine and Crush Creek prospect in North Queensland to Navarre Minerals.
Read MoreFor the second time since June, Gold Road Resources has cut its full-year production guidance, after more operational problems at the Gruyere gold mine in WA.
Read MoreTech stocks have been the powerhouse of the rebound in Wall Street shares since the depths of the pandemic – on Monday they headed towards correction territory as Nasdaq slumped more than 2%.
Read MoreMonetary policy in Australia and New Zealand will head in radically diametric directions this week as the two countries’ Reserve Banks look set to provide very different decisions and post-meeting statements.
Read MoreThe partial holiday Monday saw the ASX rebound from Friday’s 2% near panic selloff to close 1.3% higher and, for that, investors can thank the old faithful – the big four banks, led by the CBA.
Read MoreWhile the central bank meetings in Australia and New Zealand will be big deals locally, Friday’s US unemployment data will be the dominant event this week and a key input into when the Fed starts tapering.
Read MoreThe Chinese government has blinked and has organised a partial bailout of stricken property giant, China Evergrande with mainland media reporting a looming $US5 billion asset sale.
Read MoreNick Scali has gone deeper into couches and lounges with the purchase of rival retailer Plush, while Boral has offloaded its North American building products and timber division as well its Australian timber business.
Read MoreFord and Mercedes Benz have provided further details about their planned spending spree on battery and new car plants in yet another sign of the enormous pent-up demand for key renewable materials.
Read MoreFounded by a former Tesla chief technology officer, Redwood Materials is leading the way in the recovery and recycling of precious metals used in EV batteries – and it is time Australia followed their lead.
Read MoreSeptember proved once again to be the most miserable of months for investors, with little way of avoiding significant damage across most markets.
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