BHP seeks to avert Escondida strike
BHP has asked the government to mediate with unionised workers at its Escondida copper mine in Chile, the world's largest.
BHP has asked the government to mediate with unionised workers at its Escondida copper mine in Chile, the world's largest.
It is rare to find much unanimity among economists, but one of the few things they agree on is that the trough in commodity prices of 2016 will not be repeated. The question for now is how far will prices retreat, especially following the March quarter, which often marks a cyclical high.
Shares in OceanaGold slumped in late trading Thursday on a statement by the Philippine government it may force the closure of its Dipidio mine, which has been the subject of recent wrangling between the company and the government.
Bankrupt former coal baron Nathan Tinkler will be allowed to fly to New York for a job interview.
Clive Palmer's wife has been called to give evidence into the collapse of his Townsville refinery company, Queensland Nickel.
Rio Tinto Group has received approaches for its Queensland mines, including a potential sale.
Shares in Downer EDI soared to a seven-year high on Thursday morning after the contractor lifted its full-year profit forecast following a lack of any bad news in its December-half earnings.
Workers at BHP Billiton's Escondida copper mine in Chile overwhelmingly voted against the company's latest wage offer.
Iron ore miner Fortescue Metals refused to rule out a share buy-back as it enjoys surging cashflows thanks to the spike in the price of iron ore.
Aurizon says it will take about $321 million of one-off charges when it reports its half-yearly earnings.
A resurgent share price has prompted analyst downgrades for Oz Minerals, as the miner is finalising development plans for a new project and amid optimism over its exploration profile.
Chevron has brought forward the start-up of the third unit at its Gorgon gas project while still targeting first production from Wheatstone by mid-year.
Copper and aluminium prices are expected to lose steam after prices surged despite surpluses that will persist into 2018.
Thermal coal is expected to trade in a roughly $US70-80 a tonne range this year, analysts and traders say.
Copper closed lower, hurt by a strengthening US dollar, after hitting a two-month high earlier in the day.
Chinese steel and iron ore futures rose for a third session as investors bet on firm demand after the Lunar New Year holiday.
Copper hits two-month high, before retreating to end flat. Most other metals eased ahead of Lunar New Year.
Prices are near the highest in more than two years on speculation of sustained Chinese demand for imports.
A dividend hike and a possible share buyback on the cards when global miner Rio Tinto releases its earnings early next month, after finalising deals to raise as much as $US3.8 billion from asset sales in recent months.
BHP has boosted output of iron ore to record levels while prolonging its curtailment of oil and gas output in the US as it waits for prices to improve, its latest production report shows.
The Queensland government has revived an eight-year-old Bligh government plan to release a parcel of land for gas exploration to be used only for Australian-supply.
Shares in Rio Tinto surged from the opening bell with sentiment cheered by the sale of a further suite of coal mines which raises the odds of a buy-back or dividend hike.
An arm of the Chinese government has snapped up Rio Tinto coal mines in NSW for $US2.5 billion
Aluminium climbed to a 20-month peak after reports of potential capacity cuts in China while zinc touched a five-week high.
BlueScope shares surged Tuesday thanks to a surprise profit upgrade as steel prices remained stronger than anticipated
Garry Jones stepped down as chief executive officer after a three-year stint steering the world's biggest metals bourse.
BHP Billiton and its partner in the deadly Samarco mine venture Vale are facing a fight with its bankers after a class action was filed in New York.
The President of Guinea is disputing public statements made by Rio Tinto about the firing of a senior executive for a $US10.5 million payment made to the president's friend Francois de Combret.
Axiom Mining not daunted by recent upheaval in the nickel as Indonesia has eased export bans while the Philippines ramps up moves to force some producers to close.
Swiss prosecutors will question Beny Steinmetz in Geneva amid an inquiry into allegations of bribery involving a $US20 billion mining project in the Simandou hills in the west African country of Guinea.