Mining

Recent discussion of the transition from mining investment to mining harvest in Australia led me to revisit some work I did two years ago on the nature of the economic shock to the Australian economy

Pay cuts, some up to 50 per cent, were the order of the day in the Business News quarterly CEO salary survey, but not all companies have been on trend.

Shares in Subiaco-based explorer IMX Resources are lower on the news that partner OZ Minerals has decided to withdraw from their Mt Woods copper-gold joint venture.

Professional services firm Deloitte Australia has announced a strategic advisory alliance with engineering group WorleyParsons as both organisations look to build future growth opportunities.

Shares in West Perth-based explorer Segue Resources have soared on the back of Segue's announcement that it will acquire three unlisted companies which each hold tenements in the highly prospective Fraser Range province in the Goldfields.

The search for growth industries beyond mining is a perennial topic of debate in Australia.

South Perth-based Alcyone Resources has raised a further $4.9 million through a shortfall placement, bringing it closer to its $16 million target.

West Perth-based junior Avanco Resources has secured agreement for a $US12 million royalty-based investment deal with major resources investor BlackRock World Mining Trust.

Andrew Forrest’s philanthropic efforts are as restless as the iron ore magnate himself. Recent changes appear to be part of a restructuring of his various private and charitable interests under the new brand of Minderoo.