LOCAL shares closed higher today as US President Barack Obama cut short his Christmas holiday to return to Washington for talks aimed at resolving the so-called fiscal cliff. Investors in Australia's sharemarket remained optimistic that ...
Reuters reported that a new deepwater port on Australia's Indian Ocean Coast was supposed to be the showpiece of the country's decade long mining boom and open up a huge new iron ore belt to export to Asian markets. But twice in the past ...
Tags: Iron Ore Mining, Mining Jobs, Coal Mining News, Mining
Fortescue Metals Group has kicked off the federal government approval process for an ambitious multi billion dollar magnetite iron ore operation south of Port Hedland that it says can produce 15 million tonnes of product a year for 45 ...
Tags: Fortescue Metals Group, iron ore, magnetite project, project
Regent Pacific Group Ltd, the investment company that made an unsuccessful bid for BC Iron Ltd. last year, said that it may sell its 20% stake in the Australian iron ore producer to buy stakes in other miners. According to a statement ...
Tags: Regent Pacific Group Ltd, BC Iron Ltd, iron ore producer, Iron
AUSTRALIAN shares ended a holiday-shortened trading session modestly higher today,with gains in the mining and financial sectors pushing the market to an 18-month high. The rise sets the market up to end the year almost 14 per cent ...
Tags: shares, market, stocks, financial sectors
THE sharemarket ended the week on a low note as investors took fright after US budget talks on the fiscal cliff fell into disarray. The benchmark S&P/ASX 200 closed down 10.5 points,or 0.2 per cent,at 4623.6,reversing gains that had seen ...
Tags: fiscal cliff, Australian companies, US
THE sharemarket ended the week on a low note as investors took fright after budget talks in the US to resolve the fiscal cliff fell into disarray. The benchmark S&P/ASX 200 closed down 10.5 points, or 0.2 per cent, at 4623.6 points, ...
Tags: Market, reversing gains, IG institutional trader Chris Weston
Iron ore producer BC Iron said that its USD 190 million deal with Fortescue Metals to boost output to 6 million tonnes will not be affected by any sale of Fortescue's infrastructure assets. Fortescue Metals Group said that it was in ...
Tags: iron ore, BC Iron, Fortescue Metals, infrastructure assets
Iron ore stocks on the ASX have been buoyed by the recent increase in the price of the commodity,which reached its highest level since July.The broader Australian market made small gains across the day as investor sentiment rose on ongoing ...
LOCAL shares rose for the third straight day today, hitting a fresh 17-month high as investors sought defensive and higher-yielding stocks as concern grew over the fate of US negotiations on the so-called fiscal cliff. The benchmark ...
THE sharemarket continued its climb yesterday, reaching a 17-month high on positive news from Europe as US politicians inched closer to a deal on the fiscal cliff crisis. Utilities, energy, industrials, telecommunications, materials and ...
Tags: Positive, News Fuels, politicians inched
The West Australian reported that Fortescue Metals Group is considering selling a small interest in its rail and port infrastructure. Mr Nev Power CEO of Fortescue Metals Group said that the company was in negotiations with potential ...
Tags: Fmg Closer, Construction, Rail, Port Infrastructure
THE Australian sharemarket hit a fresh 17-month high today as US lawmakers inched closer to a deal on the fiscal cliff problem. Utilities, energy, industrials, telecommunications, materials and financial stocks mostly rose despite some ...
Tags: Investor Sentiment, fiscal, cliff problem
Fortescue Metals Group Ltd recently received the total net proceeds of AUD 190 million from BC Iron Ltd in relation to the sale of a 25%interest in the Nullagine Iron Ore JV. Effective from 1st January 2013,Fortescue will hold a ...
Tags: Fortescue Metals, total net proceeds, Nullagine Iron Ore JV
The sharemarket fell slightly in quiet trading yesterday as global equity markets awaited the outcome of negotiations to avoid the so-called fiscal cliff that threatens to slow the US economy next year unless politicians reach agreement on ...
Tags: sharemarket, fiscal, Banks, Share trading volume