2nd UPDATE: Australia Labor Poll Lead Narrows, Miners Revolt
26th Jul 2010 08:40
(Adds mining tax debate) By Rachel Pannett Of DOW JONES NEWSWIRES CANBERRA (Dow Jones)--Australia's ruling Labor government holds only a slim lead over the main opposition Liberal-National coalition of center-right parties, with less than four weeks to go until a general election, acco
Read moreUPDATE: Australia Anti-Mining Tax Advertising To Restart This Week
26th Jul 2010 08:23
(Adds details of press conference, Swan response) By David Fickling Of DOW JONES NEWSWIRES SYDNEY (Dow Jones)--Australia's main lobby group for small and mid-sized miners will start a three-week advertising campaign against the country's proposed mining tax changes this week, the group
Read moreAustralia's AMEC: To Restart Anti-Mine Tax Advertising
26th Jul 2010 05:11
SYDNEY (Dow Jones)--Australia's main lobby group for smaller and mid-sized miners will restart advertising against the country's proposed mining tax changes, the group said Monday. The adverts will raise the tension over mining issues in the run-up to Australia's general election next month.
Read moreMARKET TALK: Coal & Allied Cut To Neutral On Output, Costs-CS
26th Jul 2010 01:56
0056 GMT [Dow Jones] STOCK CALL: Credit Suisse sees Coal & Allied Industries (CNA.AU) at Neutral vs previous Outperform but maintains price target at A$115 vs last up 0.5% at A$99.12. Sees story of "short-term pain for longer term gain": decreasing FY10 forecasts by 18% but FY2011 earnings up 5%, FY
Read moreMARKET TALK: S&P/ASX 200 Up 1.6% On Broad-Based Gains
23rd Jul 2010 01:41
0041 GMT [Dow Jones] S&P/ASX 200 up 1.6% at 4443.3, hits 5-day high of 4448.4 on broad-based gains after Wall Street surged on above-consensus earnings reports and improved guidance from growth bellwethers such as Caterpillar, 3M and UPS. In resources, BHP (BHP.AU) up 1.8%, Rio Tinto (RIO.AU) up abo
Read moreLondon afternoon: Advance stalls
22nd Jul 2010 14:28
Shares moved sideways over the lunch-time session with investors keeping their powder dry ahead of day two of US Federal Reserve Chairman Ben Bernanke's testimony in the US Senate. Yesterday the Fed chairman's downbeat comments stopped a Wall Street rise in its tracks. Outsourcing giant Capita is s
Read moreLondon midday: Morning ends on a high
22nd Jul 2010 12:11
Better than expected UK retail sales gave equities a mid-morning boost and the FTSE 100 index finished the morning session close to its highest point of the day so far. Britons building up supplies for last month's World Cup, the good weather and further discounting had retail sales up smartly in J
Read moreKarelian rockets on Finland tie-up with Rio
22nd Jul 2010 12:08
Karelian Diamond Resources tripled at one stage after Rio Tinto agreed to hand over confidential information and physical geological samples relating to exploration in Finland. The data will help AIM-listed Karelian assess its potential and existing exploration programmes in Finland. In return, it
Read more4th UPDATE: Australia Small Miners Alarmed By Greens Tax Views
22nd Jul 2010 08:09
(recasts lead, adds comments from Resourcehouse chairman and more remarks from Senator Brown. By David Fickling Of DOW JONES NEWSWIRES SYDNEY (Dow Jones)--Smaller and mid-tier Australian miners could restart advertising campaigns against the government's tax plans for the industry as s
Read moreKarelian Diamond Resources Gets Access To Rio Tinto Data
22nd Jul 2010 07:48
LONDON (Dow Jones)--Irish diamond explorer Karelian Diamond Resources PLC (KDR.LN) Thursday said Rio Tinto PLC (RIO.LN) has agreed to supply it with secret exploration data about Finland in exchange for an option to take a 51% stake in any discovery Karelian makes there. Dublin-based Karelian sa
Read more3nd UPDATE: Australia Small Miners Alarmed By Greens Tax Views
22nd Jul 2010 05:07
By David Fickling Of DOW JONES NEWSWIRES SYDNEY (Dow Jones)--The prospect of the Australian Greens party holding the balance of power in the Senate after Aug. 21 elections is creating fresh uncertainty for mining companies in relation to the government's proposed mining tax, executives and
Read more2nd UPDATE: Australian Miners Raise Alarm About Greens Mining Views
22nd Jul 2010 04:33
By David Fickling Of DOW JONES NEWSWIRES SYDNEY (Dow Jones)--The prospect of the Australian Greens party holding the balance of power in the Senate after Aug. 21 elections is creating fresh uncertainty for mining companies in relation to the government's proposed mining tax, executives and
Read moreUPDATE: Australian Small Miners Raise Alarm About Green Party Mining Views
22nd Jul 2010 03:45
By David Fickling Of DOW JONES NEWSWIRES SYDNEY (Dow Jones)--The prospect of Australia's Green party taking control of the country's Senate in August 21 elections creates fresh uncertainty for mining companies in relation to the government's proposed mining tax, executives and lobbyists sai
Read moreMARKET TALK: S&P/ASX 200 Down 0.2%; Miners Offset Weakness
22nd Jul 2010 01:46
0046 GMT [Dow Jones] S&P/ASX 200 down 0.2% at 4402.5 after hitting 2-day low of 4393.4 on offshore weakness caused by disappointment with Bernanke's comments. However, weakness is being substantially offset by strength in resources, after surging base metal prices supported resources in offshore tra
Read moreMARKET TALK: S&P/ASX 200 Offshore Leads Bullish
22nd Jul 2010 00:53
2353 GMT [Dow Jones] S&P/ASX 200 offshore leads bullish, with overnight SPI 200 futures up 1.5% to 4412.0 on strong U.S. earnings reports and better-than-expected European and U.S. economic data. DJIA rose 2.0% to 10322.3, S&P 500 up 2.3% to 1093.67, Nasdaq up 2.7% to 2245.89. CBOE VIX fell 3.9% to
Read more