Virus ‘heavily’ hitting BlueScope
BlueScope says its Chinese operations are being hit by the coronavirus, as weaker steel prices helped cut profit by 70pc.
BlueScope says its Chinese operations are being hit by the coronavirus, as weaker steel prices helped cut profit by 70pc.
The Australian sharemarket is expected to decline when it opens this week due to fears coronavirus will hit economic activity.
Analysts have heaped insult on injury over Whitehaven Coal’s ‘weak’ financial year first half.
The ATO lodged a claim late last year saying it believed Alcoa had underpaid tax on the sales of alumina.
Rio Tinto’s fraught relationship with the Mongolian government is about to be tested in formal hearings in London.
Whitehaven’s first half net profit has tumbled 91pc, largely because of the crumbling thermal coal price.
Iluka shares have surged after it finally moved to spin off its iron ore royalty stream, simplifying a business that’s swung to a loss.
Analysts have given a cautious welcome to Mike Henry’s first set of financial results since taking on BHP’s top job.
Orica will buy Peruvian explosives maker Exsa for $US203m, using funds raised through the issue of new shares.
Surging iron ore prices have delivered an $828m payday for Fortescue Metals Group chairman Andrew Forrest.
Original URL: https://www.theaustralian.com.au/author/nick-evans/page/200