Nickel miner Western Areas reported on Tuesday a 64 per cent decline in its first half net profit due to lower prices of the commodity. From July to December 2011, the firm logged a $24.1 million net profit, down from $67.2 million compared to the same period a year ago.
While hundreds of jobs continue to be shed across Australia since the start of February as businesses complain of the strong currency and weak consumer confiden...
To increase the production capability of the Escondida copper mine in Chile, Rio Tinto has approved US$1.4 billion for two projects supporting this move.
The Australian stock market is seen heading for a slow but steady start on Tuesday with the positive global markets performance extending limited gains on commodities and other risk-related assets.
Stocks added to gains and hit session highs in afternoon trading, buoyed by the adoption of austerity measures by Greece's Parliament. The Dow Jones Industrial Average was recently ahead 82 points, or 0.6%, at 12884.
Natural gas prices have plunged below $3 per million Btus (MMBtu) largely due to increased supp...
For those who missed Apple's presence at CES 2012, there is some good news - Apple is going to hold an event in New York City and this time, it is about education. Disappointed? But it is still an Apple event!.
JC Penney made its first big splash in what will be a three-year effort to rebrand the 110-year...
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