Billionaire Solomon Lew close to significant board victory. Whitehaven extends share losses. Sandfire taps South32 veteran as chief. Perpetual fires back at Pendal after rejecting Regal. Bitcoin falls amid building crypto storm.
The sharemarket trims gains as materials soar. China GDP beats expectations. Medibank’s hack alerts to dead customers. Star higher on gaps in repair plan. Vulcan, Novonix top gainers. Tavistock increases AACo board control.
Mining giants find there is a deepening pool of buyers for global assets that have long been undervalued, but high commodity prices are delivering strong returns.
Cashed-up miners celebrating record profits face a ‘real risk’ of tax and royalty hikes as governments look to plug budget holes, according CEO Graham Kerr.
ASX storms to best finish in two weeks as real estate stocks jump. Paladin leads uranium gains, City Chic hammered on result, Qantas’ ‘surprise’ for investors and Woolworths tumbles.
The group won’t press ahead with plans to extend its Dendrobium coking coal mine to new areas beneath Sydney’s main water catchment area.
South32 shares rose on Monday, after bucking the industry trend and delivering annual operational costs within its guidance.
ASX unchanged as miners gain and tech slips. Genex soars on Scott Farquhar bid, AOF dives on Aliro exit, EML smashed on update and Flight Centre jumps on guidance upgrade.
ASX steady in mixed session. Sezzles dives 38 per cent on axed merger as Zip gains; consumer confidence falls, coal miners rally and South32 strikes $US200m royalty deal.
ASX higher as miners rebound. Coal pushes trade surplus to record, Pinnacle Investment soars, Dye & Durham ups Link offer, Zip falls on downgrade and Crown CEO exits.
South32 is unlikely to back the development of its $1.5bn Eagle Downs coking coal project without a significant shift in the long-term outlook for the commodity.
South32 has cut the value its Illawarra coal assets after failing to win approval for a major extension of the NSW mine, putting thousands of jobs at risk.
Australian mining group South32 is believed to be exploring offshore acquisitions collectively worth about $US3bn ($3.9bn) in Spain and Latin America.
South32 has set medium-term carbon reduction targets for the first time, a day after closing the deal to exit thermal coal.
South32 takes legal action after planning body blocks expansion of a coal mine near Wollongong, citing water catchment fears.
Thousands of NSW jobs in mining and steel could be axed after talks for a $1bn proposal were rebuffed by Premier Gladys Berejiklian.
There’s a surprising connection between this Perth hotel and the story of The King and I.
Cost are rising across the mining industry as the renewed boom in the iron ore and gold sectors puts pressure on other sections of the industry.
The ASX 200 finished flat amid mixed trading, as Treasury Wine shares powered back and BoQ made a move on ME Bank.
The NSW independent planning commission has rejected an application to extend the life of South32’s Dendrobium mine.
Original URL: https://www.theaustralian.com.au/topics/south32/page/3