Simon Johanson is a business journalist at The Age and The Sydney Morning Herald.
Hundreds of thousands of Australians are prospecting, fossicking and mining as the price of the elusive precious metal soars.
Six companies and individuals based in China, Hong Kong and the British Virgin Islands who dominate the investor base of rare earth miner Northern Minerals have been ordered by Treasurer Jim Chalmers to divest their shareholdings.
A surge in restaurant and bar openings has filled nearly half of the city’s retail space.
Fortescue is pushing for reform of the country’s diesel tax credits, which it says are an unnecessary “handout” to the mining industry worth billions of dollars.
Markets around the region rose sharply on Wednesday and the Australian dollar strengthened above US70¢, as investors welcomed the prospect of lower oil prices.
Australia’s high rate of inflation is coming under more pressure as big transport companies including Uber, Qantas and Australia Post increase their prices in response to rising fuel costs.
BHP Americas chief Brandon Craig will succeed Henry as chief executive of Australia’s largest mining company in July.
G7 calls emergency meeting as global oil supply faces Ukraine-level crisis, while Australia’s inflation rate is tipped to reach 5 per cent by the middle of the year.
Workers are turning up at the office more than required just as there’s a prolonged squeeze on construction of new towers.
The London and ASX-listed miner said it achieved a “strong operational performance” and increased its copper output 8 per cent.