Minerals Council of Australia boss Brendan Pearson has praised the Turnbull Government’s move for an inquiry into the distribution of GST revenue across states.
Pearson said the current horizontal fiscal
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Goldman Sachs downgrades BHP
Investment bank Goldman Sachs has cut its rating on BHP shares, due to the global downturn in commodity prices.
Goldman Sachs recently downgraded BHP shares on the London stock exchange to a “sell”
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China cutback good for aluminium players
A reduction in Chinese production should be a win for aluminium producers in other countries, major US producer Alcoa has said in its first-quarter update.
Alcoa this week announced a US$225 million net
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Canberra-backed gas pipeline slammed by WA minister
Western Australian mining minister Bill Johnston has reportedly dismissed the idea of a gas pipeline linking the state to the east coast, despite support for the idea from key ministers in Canberra.
The
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BHP cuts copper, coal targets
A quarterly report from BHP Billiton has lowered the mining giant’s production targets for copper and coking coal because of strikes and weather events in recent months.
Record production at five of
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11km conveyor for Bowen Basin
BHP Billiton Mitsubishi Alliance will invest $270.5 million to build an 11-kilometre overland conveyor system to transport coal from Peak Downs Mine to processing facilities at Caval Ridge Mine in Central
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AIG calls on PM for more gas help
The Australian Industry Group has called on Prime Minister Malcolm Turnbull to do more to help local gas buyers with an ongoing shortage on the east coast as a result of new export terminals coming online
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Turnbull’s 457 change should limit ‘political point scoring’
The Australian Mines and Metals Association says Malcolm Turnbull’s changes to rules around foreign workers should mean the contributions of skilled migrants are no longer “trivialised” by politicians.
Turnbull
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South32 abandons coal buy amid ACCC concerns
BHP Billiton spin-off South32 has cancelled its US$200 million acquisition of Peabody’s Metropolitan Colliery in the Illawarra, after the competition watchdog raised concerns over the deal.
The Australian
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Iron ore slides despite China growth
The price of iron ore has now fallen by more than 30% since its February peak, despite news this week of better-than-expected GDP growth in China.
Iron ore was trading at US$66.25 a tonne overnight, as
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