The ASX has taken a battering on resources stocks overnight, after analysts advised shareholders to batten down the hatches.
Iron ore producer FMG has seen a massive share price fall in line with the global stock market plunge, dropping all the way to $1.58 this morning at open of trade.
BHP Billiton’s demerged company South32 has debuted on the ASX for $2.13 a share, giving the miner a market capitalisation of $11.3 billion.
MacMahon will receive a payout of $19 million as settlement relating to termination of a shaft-sinking contract in 2013.
Sandfire Resources entered a trading halt on Friday afternoon after it was announced that OZ Minerals would offload its shares in the company.
The ASX has warned mining companies not to mislead investors and ensure they are completely transparent in reporting mineral resources and reserves.
AGL has regained its AGL ticker code on the ASX.
Newcrest will pay at least $1.2 million in fines, admitting it failed continuous disclosure obligations after the miner briefed analysts on its market position before making a public announcement.
BHP Billiton sent the market into overdrive yesterday with an ASX release that all but confirmed its intention to demerge its non-core assets.
Listed companies will need to disclose exposure to sustainability risks for the first time under new corporate governance guidelines released today.
OZ Minerals has been threatened with a lawsuit over alleged failures to disclose debt refinancing dating back to 2008 when the company was formed.
Following a dramatic profit warning late last year, mining services company Forge Group has entered into another trading halt as it prepares to make an announcement about its financial status.
Australia’s only graphite mine is set to reopen with Valence Industries today listing on the ASX in preparation for the restart of Uley mine.
A self-commissioned disclosure review by Newcrest Mining has mostly absolved the gold miner of any major misconduct.
Newcrest has announced it de-list from the Toronto Stock Exchange (TSX).
Mining contractor NRW Holdings announced a profit slump and said it has lost more than 2300 employees over the last year as a result of the mining slump and contract termination.
Gold mining company Mintails has announced a reduction in production after two consecutive gold pours were below expectations.
As the list of shelved and postponed mining projects grows and miners shift focus from construction to production phases a total of $12 billion has been wiped off the value of Australian listed mining service companies in six months.
Zinc maker Terramin announced on Friday its Angas zinc mine is going into care and maintenance, with 115 jobs being slashed.
Troubled gold miner Newcrest is reassessing its disclosure practices after it was revealed the miner carried out an analyst briefing causing the company to downgrade its valuation weeks before others had knowledge.