BHP’s potash passion play fades – for now
The logic behind BHP's potash play is strong, but investors won't be convinced to back it until the mining giant convinces itself.
Posts by Australian Financial Review:
Newcrest Mining looks to solar at Cadia mine as power prices soar
Newcrest Mining chief executive Sandeep Biswas says the gold miner is examining whether a solar farm could be installed at it flagship Cadia mine in NSW to help insulate the operation from soaring electricity prices.
Ivan Glasenberg’s advice is buy not build, but rival miners aren’t listening
Glencore's boss has consistently spanked his competitors for wasting and ultimately popping the now deflated long resources boom through a suicidal splurge on growth that took no account of demand and pricing.
New Rio Tinto chief plays down expansion expectations
Rio sources say 44-year-old French executive's command of operational and financial detail were important factor in appointment.
Chile strikes BHP Billiton copper project off development timeline
The Chilean government has removed BHP Billiton's US$4 billion Spence copper expansion project from its 10-year development timeline, saying it expects the world's largest miner will miss its targeted deadline of first production by 2020.
Traders warn on gold liquidity as banks stay away
A few years ago London's precious metals traders would arrive at their desks to find the phones flashing. On the other end of the line were rival banks looking to buy and sell gold. Today the trading floors are a lot quieter.
Iron ore set for rebound: Arrium boss
Arrium chief executive Geoff Plummer has defended the company’s rejection of a $1 billion Korea-backed takeover bid, arguing a doubling of production at its iron ore mines in South Australia will provide a buffer against falling commodity prices and the company’s $2 billion debt.
NRW loses BHP iron ore contract
BHP Billiton has taken the axe to another project at Port Hedland, dealing a fresh blow to listed contractor NRW Holdings.
African ore warning for Rio, BHP
BHP Billiton's assertion that West Africa was unlikely to emerge as a key source of the world's iron ore has been challenged by a London-based investment bank behind a number of deals in the region.
Rio risks losing lease on prize iron ore project
Rio Tinto chief executive Tom Albanese has moved to assure Australian investors that the miner will not over-commit its expansion spending to iron ore but news from London highlights the difficulty the company may face responding to various pressures.
Coal of Queensland shareholders fight over float
Influential shareholders in Coal of Queensland will take court action today as part of a dispute over whether they should be allowed to buy a large part of the company at a big discount to its estimated value.
Fuel subsidy cut would hurt ore profits
Mining companies already under pressure from rising costs, a high Australian dollar and falling metals prices fear the potential removal of $2 billion in diesel fuel subsidies could have severe consequences.
