Resources and Energy

Anglo boss happy to stay diversified

Anglo American CEO says no plans to spin off assets, diversified base working well.

Origin boss gets $7.3m package

by AAP
The total package of Origin Energy chief Grant King rose in FY14, despite the company’s profit fall.

Hancock gives GVK a payment reprieve

Developer of huge Galilee coal mine granted extension on payment deadline, fuelling doubts about the project.

BHP flags Port Hedland job cuts

Miner declines to confirm how many jobs will go, flags change to 'size and structure' of workforce.

China bans 'dirty' coal sales, imports

by AAP
Anti-pollution move to come into effect in less than four months.

Gold lifts as FOMC meeting begins

Precious metal gains 0.4 per cent in spot market.

Fortescue chief's pay rises to $3.9m

by AAP
CEO Nev Power gets 31% pay rise as mining company's profit hit record.

Nexus deal not certain: Voelte

Seven Group boss says in an interview the $180m takeover of Nexus still up in the air,

China's global mining play is failing to pan out

China's shopping spree yielded numerous bad investments.

AngloGold Ashanti abandons split

Plan to move Aust mines into a separate vehicle have been put on backburner.

Hancock extends loan to GVK

Gina Rinehart-backed group allows Galilee Basin partner more time on $620m payment.

Iron ore price surges 4%

Beaten-down commodity sees sharp rebound, price climbs back above $US85 a tonne.

TPG to divest stake in $4bn Alinta Energy

TPG looking to give up stake in Australian power company via IPO or trade sale.

Hancock rejects Korea stake: report

Hancock Prospecting has rejected speculation that Korea Development Bank is planning to buy a 5pc stake in the $10bn Roy Hill iron ore project.

Lynas ends debt talks with Nomura

Shares sink as rare earths miner Lynas ceases debt negotiations with Nomura.

Mongolia, Rio resolve tax dispute: report

Mongolia agrees to cut the outstanding bill by $100m, Reuters reports.

Arrium's insurance against an iron ore price plunge

Arrium may be the first of the iron ore-price exposed companies to raise equity, but it's unlikely to be the last.

Sinopec to sell stake in retail unit

Chinese oil refiner values deal with 25 investors at UA$17.5 billion.

Wal King named Sundance chairman

Former Leighton chief executive to succeed George Jones as chairman in November.

Arrium announces $754m raising

Mining company to use proceeds to pay down debt in the face of continuing weakness in iron ore price.