Monthly Archives: June 2015

[ad_1] BHP Billiton shareholders gifted stock in South32, the demerged entity containing assets deemed non-essential by the Big Australian, will have been disappointed by a rather pedestrian start to trading in the company’s shares. South32 listed on the ASX on May 18th at $2.13. The de-merged entity contains assets that don’t fall within BHP Billiton’s

[ad_1] According to the AFR’s StreetTalk column, potential bidders for the Port of Darwin have been absorbing the contents of a 220-page information memorandum and have until June 29 to submit first round bids. Sale documents indicate that the NT Government is not running a traditional auction where the best heeled bidder with the cheapest

[ad_1] Iron ore is up for six straight days to US$64/t. However, one financial firm sees longer term gloom and more mine closures, while another sees a rally to US$80 by year’s end. In a report this week, Goldman Sachs says that it expects the iron ore price rally, which has seen prices lift around

[ad_1] A little of the gloss came off market darling Qube last week when the logistics business announced tough trading conditions for one of its key divisions. After trading at up to $2.76 per share last week, Qube shares sank under $2.50 after investors absorbed the gloomy contents of the trading update. The latter was

[ad_1] Tim Poole, who succeeds John Prescott as chairman of rail giant Aurizon in September, faces a major decision on whether to cancel, postpone or proceed with the company’s ambitious and expensive Pilbara expansion plans. Aurizon holds an exclusive contract to develop a railway for the West Pilbara Iron Ore Project, after it joined forces