The sharemarket was flat today after reaching a multi-year high amid mixed earnings reports, benign minutes from the Reserve Bank of Australia's January board meeting, and a lack of direction from US markets after Presidents' Day. ...
Tags: Stocks flat, earnings, sharemarket
But passing the half-way mark of this interim profit season, we now have proof that his real error was putting a super-profits tax on the wrong industry. While profits were sliding at Rio Tinto, OZ Minerals and Wesfarmers' coal division, ...
Tags: Stocks, investment, Australia
The sharemarket jumped to a 21-month high as stronger than expected trade data for China boosted confidence in Australia's biggest trading partner, and as the Reserve Bank said it had scope for further interest rate cuts. Shares were also ...
Tags: sharemarket, Shares, benchmark
In January this year, manganese ore shipments from Australia's Port Hedland totaled 202,195 metric tons, increasing 65.7 percent compared to December 2012, and up significantly compared to the 15,000 mt recorded in the same month of 2012, ...
Tags: ore exports, ore shipments, ore
The Australian Competition Tribunal (ACT) has decided that the global mining giant Rio Tinto's Hamersley and Robe rail lines should not be opened up to third party access. According to Rio Tinto's statement, third party access to the ...
Tags: Rio Tinto, Pilbara Rail Lines
In January of the current year, iron ore shipments from Australia's Port Hedland decreased by 15 percent compared to December last year and were up 27 percent year on year, totaling 22 million metric tons. The Port Hedland Port Authority ...
The sharemarket fell the most in four weeks yesterday after political uncertainty in Spain and Italy triggered risk aversion in global markets and domestic earnings reports mostly disappointed investors. THE sharemarket fell the most in ...
Tags: stocks, sharemarket, Australian market
Australian mining giant Fortescue Metals Group Ltd has announced that it has agreed with Australia-based company Iron Ore Holdings Limited (IOH) to the early termination of Fortescue's exclusive option to develop IOH's Iron Valley deposit. ...
Tags: Iron Valley, mining giant, mining
The sharemarket rose after a report showed falling interest rates were lifting parts of the nation's housing market, while manufacturing data from China indicated that an economic recovery remained on track. BHP Billiton, the world's ...
Tags: Stocks, economic recovery, iron ore gains
The sharemarket climbed again yesterday, closing the week on a high on good news from home and abroad and supported by investors seeking stocks with high dividend yields. The benchmark S&P/ASX 200 closed up 0.5 per cent at 4835.2 points, ...
Tags: stocks, sharemarket, financial stocks
The Australian sharemarket closed at a 20-month peak as high-yield stocks made strong gains. At the close today, the benchmark S&P/ASX 200 index was up 22.4 points, or 0.47 per cent at 4810.2, while the broader All Ordinaries index gained ...
Australian iron ore development company BC Iron Limited has announced that in the quarter ended on December 31 it produced 1.08 million mt of iron ore, down one percent compared to the previous quarter, while its iron ore shipments in the ...
Tags: iron ore shipments, iron ore, iron, ore
Australia's third-biggest iron ore producer Fortescue Metals Group Ltd (Fortescue) has announced its operating results for the fourth quarter of 2012. Fortescue said in its statement that its total iron ore shipments during the December ...
Tags: iron ore shipments, iron ore, Metals Group
Port Hedland in the iron ore-rich Pilbara region in Western Australia was shut down on January 22, due to tropical cyclone Peta which is expected to make landfall on Wednesday, January 23, slowing down iron ore shipments to the Far East. ...
Tags: Iron ore ports, Iron ore, Iron ore industry
Australia-based miner Fortescue Metals Group has announced that it has awarded Australian contract mining and construction company Macmahon Holdings Ltd the mining services contract for the expansion of its Christmas Creek mine in the ...
Tags: miner, mining, mining services