Bellamy's Australia hits another roadblock in China
Troubled dairy company Bellamy's Australia has hit another roadblock in China as authorities suspended the export licence of Camperdown Powder, a company it just acquired.
Troubled dairy company Bellamy's Australia has hit another roadblock in China as authorities suspended the export licence of Camperdown Powder, a company it just acquired.
The British billionaire leading the group set to buy Australian steel maker and mining group Arrium has floated a radical suggestion on how to generate power using empty mines.
Higher than expected prices and strong volumes should buttress the performance of the nation's biggest iron ore miners ahead of the looming reporting season, market analysts predict.
An agreement has been reached to sell steelmaker and mining group Arrium to British-owned GFG Alliance, ending more than a year of uncertainty for the struggling company.
Dairy company Bellamy's has completed a $60.4 million capital raising as retail shareholders showing faith in the business and its turnaround strategy.
Severe dry conditions across Australia's grain-growing regions have wound back forecasts for this year's wheat crop, with some parts of the nation receiving their lowest June rainfall on record.
Mining giant BHP has confirmed that operations at the Samarco iron ore mine in Brazil are unlikely to restart this year, in a statement to the ASX late on Friday.
Former prime minister Paul Keating has hit out at international companies operating in Australia who are not paying enough taxation, in a speech at a business lunch in Sydney.
Rio Tinto shareholders have backed the sale of the company's NSW coal operations to China's Yancoal for $US2.69 billion ($3.5 billion).
The operator of the Hazelwood coal mine will face a trial over the 2014 fire at the site.
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