The Australian mining industry and authorities are again headed for another serious debate with regards if taxes and royalties issues are not resolved immediately.
BHP Billiton Ltd. (ASX: BHP) has reported a 6 percent increase in its iron ore production, which meets higher steel demand and promotes wider expansion in Western Australia.
Rio Tinto is set to increase investments a further to US$3.1 billion (Rio Tinto share $2.1 billion) in expanding its iron ore infrastructure in the Pilbara.
The sudden tightening of fiscal policy in China again is seen sending a new wave of tests on the inner strength of the Australian dollar and equity markets.
Australian copper and gold mining firm OZ Minerals Ltd. said annual gold production will exceed earlier forecast by 10 percent based on third-quarter output rose to 51,451 ounces as of end-September.
The planned joint venture between the two largest miners in the world reached another setback as BHP Billiton (ASX: BHP) and Rio Tinto (ASX: RIO) received another disappointment with the German Federal Cartel Office (FCO).
Australian mining firm Indophil Resources NL is most certain that a Philippine-based partner for their world-class mining reserve project is the way to go.
The Australian stock market is seen to benefit from the gains of the S&P 500 index and futures, which both bounced back reflecting the Federal Reserve's decision to ease up on its fiscal policy.
Shares of ASX-listed mining firm Conquest Mining (ASX: CQT) has steadily climbed with the lifting of its trading halt that coincided with its announcement of securing a $45 million institutional placement.
Australia's S&P/ASX 200 is expected to ease from its early rally this week, as investors are wary of China's economic performance. Analysts said though there will be a positive push from the turn of events in the US with the Federal Reserve's decision to temper its fiscal policy, this will not easily avert the dampened mood that may set in today.
Business confidence remains high albeit a very slight tinge of wariness in the country's business sector. This is according to the latest of the National Australia Bank's quarterly business survey published today.
Australian mining firm Indophil Resources NL jumped to the highest in 10 months in the ASX after one of the Philippines' s largest conglomerate San Miguel Corp. agreed a share placement worth $40-million in the company on October 8.
Deputy Governor Ric Battelino of the Reserve Bank of Australia is optimistic that there would be turnaround in the property and real estate sectors as an encouraging shift of financing models will pave the way for future growth.
Local stocks pulled back slightly today, but still mirrored the weakness of Wall Street as the benchmark S&P/ASX200 index was down 10 points, or 0.21 per cent, at 4,681.3 points, while the broader All Ordinaries index had eased 5.9 points, or 0.12 per cent, to 4,740.3 points.
Australia's QR National has completed the acquisition of some A$3 billion worth of loans from 11 banks before its planned initial public offering, the company said in statement today.
Chevron Corp.'s liquefied natural gas output from its $42-billion project in northwest Australia output will partly be marketed in Southeast Asia, China, and India.
The Rio Tinto (ASX: RIO) Board of Directors have not made any final decisions whether to pursue or not their planned iron ore venture with BHP Billiton (ASX: BHP) in Western Australia seen to earn and save the companies billions of dollars.
Leighton Holdings (ASX: LEI) today announced its subsidiary John Holland, which is one of Australia's leading and most diversified contracting, engineering and services providers, has been awarded a $348 million contract for the provision of mining services to the 'Plains' pit of the Jellinbah Coal Mine.
The relative weakness in the construction industry may soon be abated, thanks to the Reserve Bank of Australia's decision to keep interest rates steady.
Australia's biggest wheat producer down AWB Limited (ASX: AWB) is now very close to be acquired by Canadian firm Agrium Inc. ((TSX and NYSE: AGU) as the Foreign Investment Review Board (FIRB) gave its nod to the deal.
The Sydney Airport will be able to meet its debt obligations due in 2011 and 2012 as its issued bonds recently fetched US$ $965 million.
BHP Billiton Ltd. (ASX: BHP) and Rio Tinto Group (ASX: RIO) has sought a little more time from the competition regulator in order for them to submit another set of documents to make their proposal more viable.
Glencore International AG, the world's biggest commodities trader, and part owner of Australian mining firm XStrata Plc has contracted HSBC Holdings Plc, JPMorgan Chase & Co. and Standard Chartered Plc as its lead underwriters bond offering in succeeding months.
Australian farm chemicals manufacturer Nufarm (NUF.AX) is still confident it can record higher profits after its sales performance hit new lows in its key subsidiaries.
The commodities futures market has shown a strong, steady performance despite the existing global market volatilities, which analysts said were still part of the crisis aftershocks.
Leighton Contractors has been awarded a contract by Chevron Australia to deliver the civil and underground works package for the Gorgon Project valued at more than $800 million, the company said in an issued statement today.
The wave of mergers and acquisitions (M&A) is beginning to improve as the financial reforms have begun to take shape in the last six months.
Australia has raised its commodity exports target this fiscal year as larger demand for coal, iron ore, and wool are now at its record high assuring higher prices for domestic exporters.
BP Solar is partnering with Verve Energy as the lead contractor to build Australia's largest ever grid-connected solar power plant, a 10 megawatt (MW) utility scale solar photovoltaic (PV) plant in Western Australia.
The South Australia Government is glad to have Arafura Resources Limited (ASX: ARU) operations in the state's third most populous city.
