The sharemarket was higher despite weakness among major resources stocks as investors waited for the federal budget. Most major sectors were up at noon, with information technology shares leading the way and despite a dip in the energy ...
Tags: Australian Market, Mining Stocks
High-profile stockbroker Charlie Aitken has weighed into the debate around the Australian dollar, saying that a wave of hedge funds could be set to short the currency and the biggest winners would be industrial stocks, not resources. As ...
Tags: Australian Dollar, Charlie Aitken
Canton, Ohio-based The Timken Company announced Monday the continued expansion of its industrial services capabilities with the acquisition of the Standard Machine business based in Saskatoon, Saskatchewan, Canada. Standard Machine provides ...
Tags: Timken Company, Standard Machine
According to the preliminary data released by Statistics South Africa, in March this year the country's mining production decreased by 3.5 percent year on year, while the seasonally adjusted mining production index in March also decreased ...
Tags: Iron Ore Mining, Mineral
After spending $1.5 million on its latest report on Wilton, which comprehensively dismisses the location as unsuitable for a large international airport, federal infrastructure and transport minister Anthony Albanese has responded swiftly ...
The 4th meeting of the Standing Council on Transport and Infrastructure (the Standing Council) has been held in Canberra to consider a wide range of transport initiatives and reforms. The Standing Council includes Transport, Infrastructure ...
Mechel, one of the leading Russian mining and steel groups, has announced that its crude steel output in the first quarter of the current year decreased by 21 percent to 1.3 million mt compared to the same period of last year. In ...
Tags: Crude Steel, Mineral
According to the company executive said in Arminera mining congress, Finish steelmaker Rautaruukki plans to increase its market presence in South America, especially for its special steels, including high strength and wear-resistant sheet ...
Tags: Steelmaker, Steel
India’s federal government is to make decision of giving Posco preferential access to an iron ore mine for the US$12-billion steel project in the country. It the decision was made positively, the troubled project would have a boost. ...
Tags: Mining License, Mining
In the January-April period of this year, China's total fixed asset investments (excluding rural households) amounted to RMB 9.1319 trillion ($1.47 trillion), up 20.6 percent year on year, according to the figures released by China's ...
Tags: Fixed Asset Investments, Mineral
The sharemarket ended flat yesterday as companies with offshore earnings and high-yield stocks returned to favour, offsetting weak demand for resources. Investors' recent enthusiasm for resources was dampened by further declines in ...
The stockmarket was awash with fresh optimism that the dollar may finally be on a sustained decline as it plays catch-up to the fall in interest rates and commodity prices, reversing a major earnings headwind several sectors have faced for ...
UK-based London Mining, a global diversified miner targeting the steel sector, has announced its operational results for the first quarter of 2013, reporting a total sales volume of 589,000 wet mt of iron ore concentrate, compared to ...
Tags: London Mining, Iron Ore
Do you believe water can slice fragile material like cake or a sophisticated material like thick steel slabs? Have you ever imaged a bone surgery being conducted using water as a cutting tool? A jet of water, when pressurized up to 50,000 ...
Tags: Creative Uses, Waterjet Cutting
General Electric (GE) is reportedly considering sale of its Australia-based insurance business, GE Capital Insurance, in an effort to adjust its Australian portfolio, a source familiar with the deal has revealed. The source was quoted by ...