News

Richie​ McCaw is getting into the mining game

All Blacks great Richie​ McCaw has taken a 10 per cent stake in a Canterbury quarry company to get more hands-on business experience. SOL Quarries has a 15-year permit to dig millions of tonnes of shingle from a new quarry in Yaldhurst near Christchurch airport that is about the size […]
Richie​ McCaw is getting into the mining game
Markets

WorleyParsons shares are on a tear

WorleyParsons shares are soaring. A short time ago, the consulting engineering company’s shares were up almost 9% to $6.63, more than double the lows of earlier in the year. The company told an investor day in Sydney of plans for another $180 million of savings over the next six to […]
WorleyParsons shares are on a tear
Markets

BHP just cut its iron ore guidance

The fatal mine disaster in Brazil, poor weather in Australia and maintenance on the rail network have dragged on BHP’s iron ore output. The world’s biggest miner, in its third quarter production review, cut its full year guidance by 10 million tonnes to 260 million tonnes for iron ore out […]
BHP just cut its iron ore guidance
Markets

Australian bank shares are being hammered

The downturn in the mining sector, caused by a global rout in commodity prices, has caught up with the major banks. Shares in the ANZ were falling hard in early trade today after the bank announced its bad debts would be worst than anticipated. A short time ago, the shares […]
Australian bank shares are being hammered
Strategy

We’re Entering A New ‘Trust’ Economy

At the end of December 2012 I wrote an article highlighting 10 business resolutions for a prosperous 2013. While it’s still early in the year, we’ve seen some developments unfold that have been suggestive of how the trajectory of technology will influence the economy moving forward.
We’re Entering A New ‘Trust’ Economy
Markets

Gazprom Plans Major Challenge To US Helium Dominance

[credit provider=”Guy Sie on Flickr” url=”http://www.flickr.com/photos/guysie/5537699970/in/photostream/”] MOSCOW — Blimps long ago lost their value as a means of cargo transportation, military reconnaissance, or anti-aircraft defence; whilst the helium that fills them – more safely than the combustible hydrogen gas which brought down the Hindenburg in 1937 – is sharply increasing […]
Gazprom Plans Major Challenge To US Helium Dominance
News

The Natural-Resource Curse Has Now Struck Chile

Chile today produces one-third of the world’s lithium – used in batteries that power everything from computers to cars – and has great potential to expand that share. But, while everyone agrees that Chile should realise its potential as a global supplier of lithium, the local debate on how to […]
The Natural-Resource Curse Has Now Struck Chile
Strategy

Google’s New Platform For Entrepreneurs Will Spark A Butterfly Effect

You’ve got to hand it to Google: they rarely do anything in a small way. “Google for Entrepreneurs”, the search giant’s new, global umbrella initiative of programs and resources supporting entrepreneurs and startups, is genuinely impressive in its breadth, depth and thoughtfulness. They’re kicking off the initiative with Google for […]
Google’s New Platform For Entrepreneurs Will Spark A Butterfly Effect
Strategy

INSTANT MBA: Don’t Focus Everything On Aggression And Competition

[credit provider=”John Harthorne “] Today’s advice comes from our interview with John Harthorne, Founder and CEO of MassChallenge:“You create something that doesn’t exist now that is valuable to society and in return, they pay you or provide a service that can particularly pay you for accessing that benefit. All of […]
INSTANT MBA: Don’t Focus Everything On Aggression And Competition
News

Singapore Could Be The World’s Richest Country By 2050

[credit provider=”Joshua Santino/Flickr” url=”http://www.flickr.com/photos/joshua_santino/6324725066/sizes/m/”] If you enjoy peering inside the minds of the world’s super rich, take a spin through the 2012 “Wealth Report.”Compiled by Citibank, and a property consultancy called Knight Frank, it’s a lengthy analysis based partly on interviews with the super rich. (Definition: people with more than $25 […]
Singapore Could Be The World’s Richest Country By 2050
Strategy

Zipcar Drivers Abuse The Service Because They Share It With Others, Here’s How To Make Them Play Nice

[credit provider=”5chw4r7z/Flickr” url=”http://www.flickr.com/photos/5chw4r7z/6197867449/sizes/m/”] An article in Atlantic Cities recently caused a stir on the web by suggesting that (gasp) people who use ZipCar don’t really care about the other people using the service, and have no feeling of community with other users.  The article cites a study in which, among other things, […]
Zipcar Drivers Abuse The Service Because They Share It With Others, Here’s How To Make Them Play Nice
Markets

The Saudi Resource Curse Is Worse Than Ever

[credit provider=”(AP Photo/Hassan Ammar)”] The big question for oil-rich Gulf States is whether they can avoid the resource curse.This is a phenomenon where countries with a overwhelmingly valuable commodity become inefficient, as other areas of the economy fail to develop and the population comes to rely on government handouts.
The Saudi Resource Curse Is Worse Than Ever
News

The Next World War Will Be Over Resources And Commodities

[credit provider=”Daniel Berehulak /Getty Images” url=”http://www.gettyimages.com/detail/news-photo/local-villagers-carry-coal-after-having-scavenged-the-coal-news-photo/138900966″] Massive geopolitical shifts seldom announce themselves with a bang.They tend instead to creep up slowly, until it’s hard to be sure exactly when they began.
The Next World War Will Be Over Resources And Commodities
Markets

The Mining Boom Is Making Australians Dumber

[credit provider=”Crocodile Dundee via YouTube” url=”http://www.youtube.com/watch?v=sLS3RGesIFQ”] We’ve posted a few highlights from Michael Casey’s The Unfair Trade, including why Chinese sweatshops can’t lose and the smart way to default on a loan.This passage describes how the mining boom in Australia has distorted the education system:
The Mining Boom Is Making Australians Dumber
News

Five Visions Of The World In 2050

[credit provider=”Jana Kasperkevic/Business Insider”] Delivering mail is going to be tricky in a world of paralyzing protectionism, energy scarcity or economic collapse.To prepare for these (and less disastrous outcomes) Deutsche Post DHL studied five scenarios for the world in 2050.
Five Visions Of The World In 2050
News

Here’s Gina Rinehart’s Terrible Ode To Mining Everyone Is Laughing About

[credit provider=”heraldsun.au” url=”http://www.google.com/imgres?imgurl=http://resources0.news.com.au/images/2007/05/30/va1237249455199/Gina-Rinehart-5505178.jpg&imgrefurl=http://www.heraldsun.com.au/news/national/gina-rinehart-on-packers-tail/story-e6frf7l6-1111113646226&usg=__Eg3TceSGCupyuuCSjJIKq_gMpTY=&h=240&w=350&sz=103&hl=en&start=0&sig2=crGpZHul0rGcH6LR2fdVEA&zoom=1&tbnid=BZGZMSXtXI7kwM:&tbnh=159&tbnw=259&ei=s_cJTqHpK8Po0QHg3qBp&prev=/search%3Fq%3Dgina%2Brinehart%26hl%3Den%26client%3Dfirefox-a%26hs%3DA7v%26sa%3DX%26rls%3Dorg.mozilla:en-US:official%26biw%3D1859%26bih%3D870%26tbm%3Disch%26prmd%3Divnsuo&itbs=1&iact=hc&vpx=162&vpy=577&dur=1427&hovh=186&hovw=271&tx=143&ty=159&page=1&ndsp=33&ved=1t:429,r:25,s:0″] Gina Rinehart, Australia’s richest person, just penned a political poem — and it’s hilarious.Her prose, engraved on a plaque attached to a 30-ton iron ore boulder, slams Australia’s government for “unleashing rampant tax” on the resources industry and pushes Rinehart’s weird idea about splitting the country into two […]
Here’s Gina Rinehart’s Terrible Ode To Mining Everyone Is Laughing About
News

We Can’t Keep Gambling With Our Most Important Resource

[credit provider=”Spencer Platt/Getty”] This editorial is part of our GREAT DEBATE feature ‘What Resource Do We Most Need For Our Future?‘A few days ago I took the subway downtown in search of Collect Pond Park, which marks what was once one of the most important fresh water sources for New […]
We Can’t Keep Gambling With Our Most Important Resource
News

RICHARD FLORIDA: It’s Up To The Cities To Bring America Back

[credit provider=”Daniel Goodman / Business Insider”] This editorial is part of our GREAT DEBATE feature ‘What Resource Do We Most Need For Our Future?‘Some will make the case for renewable energy, or science and technology, or even fresh water, but I take a longer view.
RICHARD FLORIDA: It’s Up To The Cities To Bring America Back
Markets

Why Resource Extraction Rates Are About To Surprise Us

[credit provider=”www.energyindustryphotos.com” url=”http://www.energyindustryphotos.com”] Lately I have been grappling with a question: I keep hearing that once “non-conventional oil” is accounted for, we have trillions of barrels of oil.Counting coal-seam methane we have gas for centuries. Based on recent claims we probably have enough coal to build a bridge to the […]
Why Resource Extraction Rates Are About To Surprise Us
Markets

The Rising Tide Of Resource Nationalism

You know the old film The Treasure of the Sierra Madre? Three men set off into the hinterlands of Mexico to strike gold. They find it, but then greed sets in and they start to mistrust each other. Things go badly from there.