BUSINESS

Sandfire secures mining lease for copper-gold project

Sandfire Resources (ASX:SFR) says the mining lease for its wholly-owned DeGrussa Copper-Gold Project has been formally granted by the West Australian Department of Mines and Petroleum (DMP), paving the way for development and mining to commence next year.
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National broadband installment issue clarified

The government has confirmed that NBN Co. will be responsible for connecting new homes to the national broadband network to developments with more than 100 premises and not property developers.

Australian dollar outlook 10/12/2010

The Australian Dollar has opened firmer this morning, to be trading just under the USD0.9850 level, after receiving a boost from yesterday’s jobs data.

World Market Overview

U.S. blue chip stocks slipped Thursday as mixed corporate news overshadowed an encouraging weekly jobs report.

Beach lifts interest in Impress to above 45 per cent

Oil and gas explorer Beach Energy Ltd (ASX: BPT) Beach said today it has increased its relevant interest in Impress Energy Ltd (ASX: ITC) to above 45 percent, as a result of continued strong on-market acceptances by Impress shareholders.

Eco-buildings fail to deliver

Environmentally friendly buildings tend to be rated highly but fail to deliver promised results according to a British building consultant.

Westfield earnings to hit 93cps in 2011

Westfield (ASX:WDC), one of the world's biggest shopping mall landlords, said its combined operational segment earnings are expected to be 93 cents per security, comprising 74.6 cents for Westfield Group and 18.5 cents for Westfield Retail Trust.

Housing sector financing figures stabilize

The rate of housing finance commitments for owner occupied homes increased by only 0.9 percent in October as opposed to a 1 percent increase in September according to the Australian Bureau of Statistics.

Housing affordability reaches new low in a decade

Housing affordability in the country dropped to a new low, the largest annual decrease in a decade according to the Deposit Power Housing Affordability Report released by the Real Estate Institute of Australia.

BHP Billiton reveals some $71 million share bonuses for Kloppers

Granting BHP Billiton continues to fly high at least within the next five years, the giant resources firms’ top executives are poised to be overwhelmed by windfalls that could see chief executive Marius Kloppers amassing some $71 million in share bonuses.

Rio Tinto, Ivanhoe Mines bury the hatchet

Anglo-Australian Rio Tinto (ASX: RIO) and Canada's Ivanhoe Mines have ended a long-running dispute between them after signing a new agreement under which Rio Tinto will assume direct management of the Oyu Tolgoi copper-gold project in Mongolia.

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