News

10 things you need to know this morning in Australia

Good morning! We’re nearly there. 1. Australian coal exports to China have been formally blocked after months of turmoil. Australian coal will be blocked indefinitely while China emphasises imports from Mongolia, Indonesia and Russia, and expands local production. The decision was made by China’s National Development and Reform Commission at […]
10 things you need to know this morning in Australia
Strategy

Professional art lessons and celebrities reading children’s books — here are 8 educational and free online resources that will keep kids stuck at home entertained amid school closures

Over one billion students of all ages are currently away from the classroom worldwide – and no one knows what a return looks like. Museums, zoos, learning platforms and more have all rolled out online educational opportunities for free during this period of social distancing. These are especially useful for […]
Professional art lessons and celebrities reading children’s books — here are 8 educational and free online resources that will keep kids stuck at home entertained amid school closures
Markets

Adani’s controversial Queensland coal mine is going ahead

Mining company Adani today announced that it’s proceeding with a scaled-back version of its Carmichael coal mine. The announcement follows years of controversy, legal delays and opposition from environmental groups. Adani CEO Lucas Dow said the project will be entirely self-funded. Construction is expected to begin before the end of […]
Adani’s controversial Queensland coal mine is going ahead
Markets

BHP announces a record dividend

BHP full year statutory profit fell 37% to $US3.7 billion. Underlying attributable profit was up 33% at $US8.9 billion. A record final dividend of 63 US cents a share. BHP posted a 37% drop in statutory profit to $US3.7 billion, dragged down by impairments and by the cost of the […]
BHP announces a record dividend
Markets

Record iron ore output helps BHP smash its annual production target

BHP says it has met or exceeded full year production guidance for petroleum, copper, iron ore and energy coal. Total iron ore production for the 2018 financial year increased by 3% to a record 238 million tonnes. The company says it expects to have an exception $US440 million charge, related […]
Record iron ore output helps BHP smash its annual production target
Markets

North Korea may be sitting on a $6 trillion resources stockpile

Research from Credit Suisse suggests North Korea could become a $100 billion economy within 10 years if it opens its borders to foreign investment. Industry experts have speculated the country may also be sitting on $US6 trillion in resources – 190 times its 2016 GDP . Recent negotiations between North […]
North Korea may be sitting on a $6 trillion resources stockpile
Markets

Atlas Iron has gone into a trading halt on reports of a coming takeover

Atlas Iron, which was an an early victim of falling iron ore prices, has gone into a trading halt with reports of an impending takeover offer. The company says it is preparing an announcement regarding “media speculation”. Mineral Resources, with a significant lithium business, is reported to be in talks […]
Atlas Iron has gone into a trading halt on reports of a coming takeover
Markets

Rio Tinto has revealed just how many tax havens it’s using

Rio Tinto, one of many multinationals facing political pressure over the use of schemes to reduce tax paid in Australia, has released detail on its use of tax havens. Of the 600 companies which make up Rio, 17 are resident in tax havens. This is three fewer than in 2014. […]
Rio Tinto has revealed just how many tax havens it’s using