The scope of Australia’s corporate watchdog’s investigations into gold miner Newcrest are expected to widen after claims the miner conducted an analyst briefing resulting in her downgrade of the company’s valuation weeks before others were brought into the loop.
The Australian Stock Exchanged yesterday closed at a five year high on the back of higher than expected Chinese trade data which rallied mining stocks.
Stanmore Coal has announced plans for an $869 million underground longwall mine in Queensland with first coal expected to hit the market in 2017.
TressCox Lawyers associate Rainbow Cheung breaks down the new changes to the ASX and explains what’s new for mining companies.
Fears over the affects of high frequency trading on miners have now surfaced in Australia.
The ASX says it will push ahead with controversial new changes to disclosure rules for mining companies after receiving positive feedback from the industry.