Iron ore miner Fortescue Metals Group has reported a solid rise in half-year profit today but also disclosed an expected jump in costs and delays to its ambitious expansion strategy in the Pilbara.
South African miner Exxaro Resources has taken a majority share of Perth-based iron ore explorer African Iron after last-minute acceptances of its $300 million offer.
Commonwealth Bank of Australia's (CBA) first-half cash profit has grown by seven per cent to $3.57 billion and the company has no plans for major job cuts.
US stocks were weighed down by unravelling debt talks in Europe and didn't get any help from a disappointing result on retail sales. The three major stock indexes were lower all day.
Western Australia's population is forecast to grow to 3,061,000 by 2026, according to the latest population projections released by the state government.
BHP Billiton has become a property player in the Pilbara with plans to develop more than 2.5 hectares of land in the centre of South Hedland, including a five-storey residential complex.
Labor has accused coalition MPs of double standards by talking up the impact of the carbon and mining profits tax on the economy while personally investing in mining companies.
Emeco Holdings has invested $50 million to expand its mining equipment rental business into Chile, establishing a new avenue of growth and gaining exposure to a new market.
Moody's downgrades of debt ratings of Italy, Spain and Portugal and, locally, softer commodity prices dragged the Australian share market almost one per cent lower.
Africa-focused uranium producer Paladin Energy has widened its first half net loss from the previous corresponding period even though it achieved record production.
Two long-awaited and much-debated marina proposals have inched closer to becoming reality, with Cedar Woods' Mangles Bay getting an environmental thumbs-up, and the state government committing to a
A South Korean firm has been has awarded the contract to build a huge processing plant offshore from Western Australia for the $US34 billion ($A31.8 billion) Ichthys gas project .
The Reserve Bank of Australia has backed claims by major lenders that their cost of borrowing has risen drastically in the wake of Europe's sovereign debt crisis.
There is no law against providing lousy financial advice, but there ought to be, and the first person investigated should be the man in charge of Australia's finances, Wayne Swan.
Australian stocks opened lower this morning, with market players using the downgrade of three European countries as a catalyst to sell out of equities.
US stocks closed higher on Monday after the Greek parliament's approval of tough austerity measures paved the way for a new financial rescue of the country.
Andrew Forrest's Fortescue Metals Group will pay Iron Ore Holdings $25 million for the exclusive option to mine the Iron Valley and Weelli Wolli tenements in the central Pilbara, in a deal that cou
