Author: admini5t3r

BHP has paid around AUS$84 million to increase its stake in Ecuador-focused gold miner SolGold to 11.2%, rivalling the 14.5% stake held by Australia’s largest listed gold firm Newcrest Mining. The latest investment nearly doubles BHP’s ownership in SolGold, after the world’s biggest miner first bought...

RNC Minerals, the company made famous by its discovery of over 9,000 ounces of high grade gold from a single blast at its Beta Hunt mine in Western Australia last month, has recovered the first specimen. The Canadian miner said the slab was cut in the...

TPG Telecom has reported a 4.6% drop in full-year profit to AUS$396.9 million, pointing to higher power prices and customers migrating to the National Broadband Network (NBN). The company’s executive chairman David Teoh said a gross profit decline in the consumer segment was "driven by broadband...

Australian business conditions rebounded in August, according to the National Australia Bank’s (NAB) latest index, following declines in the previous two months. The NAB’s index of business conditions rose from July’s 12.6 to 15.2 in August as firms reported improved sales and profits, although confidence was...