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Tag: miner
Miner rally offsets bad day for the banks on the ASX
2015-05-04 10:33:16| Agriculture - Topix.net
Westpac CEO Brian Hartzer announced the bank's below-expectations results on Monday, and shares slid more than 3 per cent. Strong performances from miners, the supermarkets and Telstra helped offset a bad day for banks as the Australian sharemarket finished modestly higher on Monday.
Miner rally offsets bad day for the banks on the ASX
2015-05-04 10:23:39| Grocery - Topix.net
Westpac CEO Brian Hartzer announced the bank's below-expectations results on Monday, and shares slid more than 3 per cent. Strong performances from miners, the supermarkets and Telstra helped offset a bad day for banks as the Australian sharemarket finished modestly higher on Monday.
Arrium the latest Australian miner to be stung by take-or-pay rail contracts
2015-02-15 16:36:38| Real Estate - Topix.net
Arrium Ltd will continue to pay for rail access long after it shuts a group of loss-making mines in South Australia, in the latest example of Australian miners being stung by "take-or-pay" rail contracts. Arrium recently confirmed it would close its Southern Iron mines near Coober Pedy in the first half of 2015, on the back of steep declines in iron ore prices that have rendered the assets unviable.
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Markets Live: Woolies offsets miner gains
2014-11-21 01:28:45| Agriculture - Topix.net
Shares are off to a disappointing start, falling despite Wall Street setting new records as gains in miners and energy stocks are offset by more falls in Woolworths and Wesfarmers. The market hates surprises, and Cardno's disclosure that December half earnings would fall year on year certainly isn't a surprise , given the pain the mine services end of the market has been going through for the past 18 months or so.
Tags: live
markets
gains
miner
Markets Live: Woolies offsets miner gains
2014-11-21 01:28:44| Agriculture - Topix.net
Shares are off to a disappointing start, falling despite Wall Street setting new records as gains in miners and energy stocks are offset by more falls in Woolworths and Wesfarmers. Western Sydney Wanderers owner Paul Lederer and private equity firm Affinity have sold ham, bacon and smallgoods producer Primo Smallgoods to Brazilian food giant JBS for $1.45 billion.
Tags: live
markets
gains
miner