Resources and Energy

China's CNOOC set to slash spending

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Lower oil prices lead to sharp drop in state-owned giant's first-quarter revenue.

The EU's terrible timing on Gazprom

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Of all the possible timings to take an antitrust case against Gazprom, the current one seems to be particularly bad for EU-Russia relations.

Mount Gibson reaffirms FY guidance

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Miner confident of surviving low price climate as iron ore sales during March quarter decline.

How to interpret the commodity markets' bounce

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The price movements of iron ore and oil illustrate how leveraged those commodities are to positive events, no matter how slight.

Macmahon to shed more jobs

by AAP
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Mining services contractor to axe a further 40 jobs and alter its corporate roster to cut costs.

Lynas signals brighter outlook

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Miner posts first-ever month of positive free cash flow, despite difficult March qtr.

Metgasco 'vindicated' by CSG win

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NSW Supreme Court deems state govt's moves to suspend CSG drilling licences 'unlawful'.

Paladin quarterly uranium output slumps

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Miner posts substantial fall in March qtr production, says June qtr prices will increase.

Iron Mountain buys out Red River stakes

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Iron Mountain takes 100% ownership of Miaree and Blythe JVs for 'nominal payment'.

Has iron ore found its floor?

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The suffering is far from over for iron ore miners, but there are signs that a floor price may be close.

Contractors cut fees to help Atlas survive

Contractors making cost-cutting play to ensure iron ore miner can stay afloat.

Generous dividends an expensive habit

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Fortescue Metals Group’s desire to continue paying dividends over the past two years has proved to be a very expensive habit.

China steel demand yet to peak: Mitsui

by AAP
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Conglomerate says China has 'a lot' of room for further urbanisation, infrastructure investment.

Fortescue raises bond offer to $US2.3bn

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Under-pressure miner boosts offering of senior secured notes on strong demand, shares jump.

PanAust bid lift expected: analysts

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GRAM may increase offer slightly as it seeks to close the deal for gold and copper miner.

Sparks fly from the Senate electricity report

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The Senate inquiry's draft report into the regulation of Australia's electricity network is generating a lot of heated debate.

Hockey welcomes BHP plans

by AAP
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Treasurer backs moves by mining giant to curb iron ore production as budget looms.

Sino Gas in $80m share placement

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China-focused gas producer Sino Gas & Energy Holdings raises $80m to institutions.

Fortescue makes a pricey but prudent decision

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Fortescue's debt raising might have been costly, but it will buy the beleaguered group some breathing room for the next four years.

Pragmatic BC Iron set for ore storm

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Weakness in iron ore price hits junior miner's selling price, shares rally more than 30%.

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