Monthly Archives: October 2016

Shareholders have reacted badly to dairy producer Bega’s decision to write down the value of its infant formula joint venture with Blackmores by $5 million to $7 million, as a result of soft demand from the crucial Chinese consumer market. Bega chairman Barry Irvin announced the company would take the provision to its share of

Mining major BHP Billiton has preserved its guidance across all major sectors for FY17, after it announced stable iron ore and coal figures in the September quarter. BHP on October 19 announced a 15% decline in petroleum production, and a 6% decline in copper, but a 0% shift in iron ore, a 1% growth in

Pilbara Ports Authority says it has delivered total monthly throughput of 56.3 million tonnes for the month of September, up 3% from the same month last year. PPA is the authority responsible for a number of ports in WA’s north-west, chiefly the massive iron ore ports of Port Hedland and Dampier. Port Hedland achieved a

Australia’s competition watchdog has raised concerns over the potential impact of Pacific National or Aurizon buying the Hunter Valley rail business of mining giant Glencore. Global commodities giant Glencore is selling its Hunter rail operations business, GRail, as part of consolidation and debt reduction efforts. Pacific National and Aurizon – the two biggest bulk haulage