‘It’s over’: Australia’s 30-year boom ends
Australia has managed to escape the pain of the world’s economic woes over 30 years for one reason. Now we’re staring down the barrel of a new reality.
Mining
‘Havoc’ looms as iron ore collapses
Australia is at the mercy of the price of one key export, and one move from China could cause it to wreak havoc on our economy.
Mining giant looks at Indonesia after collapse
Australia’s biggest mining company is reportedly looking at Indonesia’s nickel industry following the shut down of its vast nickel operations in Australia.
Mining giant looks at Indonesia after collapse
Australia’s biggest mining company is reportedly looking at Indonesia’s nickel industry following the shut down of its vast nickel operations in Australia.
Aussie property developer posts $1.5bn loss
A major commercial property player has taken a huge financial hit, as negativity around iron ore leaves room for investors to pounce.
China news we didn’t want to hear
The unsteady future of former cash cow iron ore has transfixed Australians for more than a year. But now reality has finally hit. Hard.
China blow to cost Australia billions
Chinese manufacturing, and it turns out Chinese babies, have left their mark on the ASX on Monday despite the market closing up.
Every worker at BHP mine gets $53k bonus
Striking workers at a mine have been coaxed back to work after every single one was gifted a $53,000 bonus.
Aussie shares end week up
Steadfast on not cutting rates anytime soon, the RBA governor’s comments have done little to dampen the mood on the ASX on Friday.
Big question Amazon can’t answer
Amazon executives are being grilled on the company’s murky development of AI and how audio recordings from inside homes are used.
‘Iron ore crash’ threatening Australia
Australia has spent 25 years riding its China luck – but that is all about to come crashing down as a terrifying “iron ore Ice Age” looms.
Tributes for father killed in mine tragedy
A coal miner has been remembered as a beloved family man following his tragic death at a mine site on Saturday.
Mine site rocked by horrific tragedy
A major investigation has been launched by safety authorities after a “long-serving” and “well-loved” worker died on a mining site.
‘Nowhere to hide’: ASX loses $59bn
There was ‘nowhere to hide’ for traders on Friday as the ASX saw $59bn evaporate by the closing bell.
Aussie shares retreat on mining slump
The sharemarket retreated on Tuesday on the back of a sharp mining slump.
Aussie ‘powerhouse’ state revealed
One Australian state enjoys the highest average wages and low unemployment, with the economic “powerhouse” driven largely by one thing.
Aussie shares dive on Wall St bloodbath
The Australian sharemarket slumped into a sea of red on Thursday as a gruesome tech rout on Wall St crippled confidence.
Aussie shares dip lower in cautious trading
The Australian sharemarket edged lower on Wednesday as investors opted for caution following days of political chaos.
Aussies shares fall on US chaos, mining slump
The fallout from the CrowdStrike global tech outage and US President Joe Biden’s decision not to run again have helped push down the Australian sharemarket on Monday.
Aussies shares dive on Wall St tumble
A run-up in Aussie shares came to a halt on Friday, with a Wall St rout and mining sell off pushing the market into a sea of red.
‘Super-flop’: Albo’s energy plan panned
Twiggy Forrest’s announcement of job cuts affecting his ambitious green hydrogen project shows the failure of the government’s energy plan, the coalition says.
Aussie mining giant to axe 700 jobs
Mining magnate Andrew Forrest has reportedly told staff that 700 jobs will be slashed as his company gets set to restructure.
Aussie shares rise on feverish Wall St rally
The Australian sharemarket lifted on Wednesday on the back of a rising Wall St bull run.
Aussie shares slip on dark China numbers
Some dark economic data out of China triggered a sell-off in heavyweight mining stocks on Tuesday, pulling the Aussie market down from record highs.
Aussie shares hit record high on Fed fever
The Australian sharemarket has closed out the week on a record high as investors position themselves for imminent US Federal Reserve rate cuts.
Mining meltdown puts 2500 jobs in limbo
Australia’s largest company will suspend its vast nickel mining operations, putting up to 2500 jobs in limbo.
Aussie shares soar on Wall St euphoria
The benchmark ASX200 has flown close to record highs on Thursday following a huge night of trading on Wall St.
Mining sell-off pulls down Aussie shares
Mining stocks have weighed down the sharemarket again this week, with the benchmark ASX200 dipping into the red on Wednesday.
Aussie stocks fall on iron ore, oil retreat
The sharemarket has started the week on a low note after a retreat in iron ore and oil prices over the weekend.
Aussie shares dip in wait for US open
The Australian share market drifted lower in quiet trading on Friday as investors stepped cautiously before Wall St’s big Friday.
1400 jobs in limbo as mine fire burns
A fire at a major coalmine has caused hundreds of workers to be sent home and their futures are uncertain.
Aussie shares leap higher in rebound rally
The Australian sharemarket notched a powerful rebound rally on Tuesday on the back of iron ore and oil price rises and a surge in banking behemoth Commonwealth Bank.
One state Aussies are fleeing to
Finance behemoth Commonwealth Bank has released its latest economic health check on the nation and there is one state blowing everyone else away.
ASX slumps on iron ore, energy woes
The Australian sharemarket fell sharply in a ‘punchy session’ to start the week, dragged down by a selloff in the energy and materials sectors.
Woolies, NAB slammed for ‘crisis profits’
Millions of people have been pushed to the brink by rising prices yet a report has revealed Aussie companies made billions from devastating world events.
Aussie mining giant cuts 1000 jobs
Roughly 1000 workers face an uncertain future as a major resources company closes a Western Australian mining hub.
1000 jobs cut in huge mine closure
One of Australia’s largest mining outfits has announced it will close a large-scale iron ore operation after it was found to be “not financially viable”.
One issue unchanged after China Premier’s visit
The Prime Minister joined Chinese Premier Li Qiang in Perth on the final day of the high-profile visit, but storm clouds continue to gather over the trip.
Huge update in divisive wind farm project
The next step for a controversial Australian energy project which would power an estimated 1.8 million homes has been announced.
ASX drifts lower on China woes
Wall St hit fresh highs overnight but it wasn’t enough to lift Aussie equities, with the ASX200 drifting lower on extended weakness in China.
Staggering figure Aussie workers losing
The staggering amount Aussie workers are losing in doing unpaid overtime outside their shift hours has been exposed.
Albo slams Coalition’s ‘nuclear fantasy’
Speaking to business leaders, the Prime Minister hit out at the Coalition’s nuclear energy plan that he said delayed “real action” on climate change.
Australia’s key role in ‘unprecedented’ move
Australia is well positioned to play a key role in an emerging international power struggle. But it would require a very “controversial” move.
‘Stay clear’: Billionaire warned after kiss pic
Australian mining billionaire Twiggy Forrest has been issued a severe warning over a multibillion-dollar scheme.
ASX falls on Wall St worries, BHP tumble
The Australian sharemarket fell for its third straight session on Thursday, dragged down by Wall St, inflation fears and a tumble at BHP.
Mining giant’s sex harassment legal fight
A class action is being prepared against Rio Tinto on behalf of its Australian employees and contractors who were allegedly subjected to sexual discrimination and harassment.
Aussie shares slump on CPI shock
Australian shares slumped on Wednesday after hotter-than-expected CPI numbers renewed inflation fears and narrowed the likelihood of rate cuts this year.
Woman named in Twiggy photo hits back
A politician who was named as the mystery woman seen kissing Australian mining magnate Andrew ‘Twiggy’ Forest in Paris has reportedly denied the “baseless” claim.
‘A catastrophe unfolding’: Dark side of EVs
A clip has emerged of a miner interacting with members of a remote tribe. Activists say the vision exposes the dark side of how electric vehicles are made.
ASX drifts lower in ‘directionless’ trading
The Australian sharemarket fell lower on Tuesday after weak retail sales data hit discretionary stocks.
‘Massive:’ Big miners push new green trucks
Mining giants BHP and Rio Tinto have announced a new green push to transform their massive fleet of haul trucks.
Australian bubble that’s about to burst
As iron ore continues to pile up at China’s ports despite falling demands, is Australia’s iron export bubble about to burst?
Labor shelves offshore gas bill
Labor has shelved a major change to gas approval processes, in return for Greens support for its fuel efficiency standards.
ASX lifts on post-budget mining bounce
Aussie stocks lifted on Wednesday on the back of a mining rally fuelled by bourse heavyweight BHP.
ASX slips in ‘risk-off’ trading day
Australian shares dipped lower on Tuesday as investors continue to tread cautiously before a flood of data comes this week.
Warning to Albo: Go big or risk majority
A former Labor strategist has warned the federal government that without a bold policy vision in the budget voters could ditch the major parties.
Massive Rio Tinto train crash
Three locomotives and 22 iron ore wagons have been impacted in an autonomous train collision.
Asbestos concerns ‘until at least 2100’
Health and workers’ rights advocates are pushing ministers to curtail asbestos, warning it could linger into the next century despite being banned in 2003.
ASX records best day in three months
The Aussie sharemarket has remained strong in the wake of a less than ‘hawkish’ interest rates decision by the Reserve Bank of Australia.
Fears over rare earth minerals ‘cartel’
It’s an industry key to the future of clean energy but there are rising fears that it could turn into a powerful cartel.
ASX climbs as RBA board discusses rates
Ahead of the central bank’s impending interest rate decisions, investors on the Australian share market were in an upbeat mood.
Whole state to get $1000 boost
Households in one Australian state will receive an upfront $1000 payment on their power bills come July 1.
ASX sinks on Wall St sell-off, Fed fears
Aussie shares slumped on the first day of the new month as anxieties mount about US inflation and interest rates.
Stocks inch higher on depressed retail sales
Aussie stocks edged higher on Tuesday after a slump in retail sales pushed back fears of impending rate hikes.
Mega $60bn deal set to reshape Australia
Australia’s largest mining company is swooping in on a rival coal and copper giant in a transformative $60bn takeover bid.
Nation’s filthy rich beg for government cash
Mega wealthy Aussies have banded together to beg governments after shock forecasts that leave them wanting.
‘Beautiful soul’: Tributes for killed worker
A 21-year old man who died on a mine in Western Australia’s Goldfields has been remembered as a “wonderful human”.
Gold mine operator admits $4m failure
An Australian gold mine where a miner was killed in a partial collapse last month has admitted it failed to lodge a $4m bond for environmental rehabilitation.
ASX advances ahead of fresh inflation print
Ahead of consumer price figures for the March quarter, the benchmark notched its second session of gains.
Rinehart’s children suffer small legal loss
The children of Australia’s wealthiest woman have been denied access to legal documents they want to push their claim for mining assets in a long-running feud against their mother.
Miner goes nuclear with uranium drum
A South Australian mining company has boomed in value from $37m to almost $2bn in less than 10 years and the meteoric rise could continue with the company announcing another big milestone.
ASX rebounds as Middle East tensions fade
Markets regained their composure on Monday after an apparent easing in hostilities between Iran and Israel.
‘Collapsed’: Aus should be in ‘sheer terror’
A dramatic change in China is having a profound impact on Australia already – and things looks set to get even worse.
Country takes one big thing Australia needs
A trade war is hotting up over a critical product that Australia has – with one country beating us to the punch.
Global tensions lead ASX to drop
The Aussie sharemarket has ended the week lower after investors responded to reports Israel launched air strikes against Iran.
ASX snaps five-day losing streak
Firmer than expected unemployment data failed to ease concerns that the RBA will hold interest rates steady through to 2025.
ASX flat on new inflation narrative
The Australian sharemarket edged down slightly on Wednesday, as investors settled into a new narrative on inflation.
Albanese unveils millions for minerals
With Beijing dominating the rare earths market, the Prime Minister is set to step up investment.
‘Crash’: Sign Aussie cash cow is dead
It’s worth $136 billion to the economy annually but Australia’s cash cow looks set to “crash upon every global shore”.
ASX slips on Iran missiles, inflation worries
Australian shares slipped on Monday trading as investors price in rising geopolitical uncertainty in the Middle East.
Original URL: https://www.news.com.au/finance/business/mining/page/4