European stocks fall as markets mark dark anniversary
LONDON AFP - Europes leading stock markets dropped in morning trade on Tuesday as investors reacted to poor earnings news on the grim anniversary of global indices striking multi-year low points. ...
Tue 9th March 2010 - 10:48pm
Toyota hits back at claims of electronic defects
LOS ANGELES AFP - Toyota sought Tuesday to dispel fears about the safety of its electronics- but was put on the defensive when a Prius went speeding out of control along a California highway. ...
Tue 9th March 2010 - 10:48pm
LG Electronics 3D TV Enters India Market
Seoul- Mar 9- 2010 - ACN Newswire - LG Electronics LG- a global leader and technology innovator in consumer electronics- will introduce 3D LCD TVs in India via a partnership with Valuable Group- the leading media company in the market. Valuable Group is the biggest media and entertainment company in India- operating 1-700 cinemas with a 40 percent market share. ...
Tue 9th March 2010 - 10:24pm
Highway patrolman rescues runaway Priuss driver
In the US- a highway patrol officer had to rescue a man when the accelerator pedal in his Toyota Prius became stuck at speeds of more than 145 kilometres an hour. ...
Tue 9th March 2010 - 10:12pm
Coalition opposing Telstra break-up
The Federal Government looks unlikely to win enough votes to pass legislation aimed at breaking up Telstra. ...
Tue 9th March 2010 - 09:29pm
Single-person homes may replace Aussie dream
A new report says the Australian dream of owning a three-bedroom house on a quarter-acre block is a thing of the past and that smaller homes for singletons must be built. ...
Tue 9th March 2010 - 08:38pm
Shipbuilders call for new direction
The Australian shipbuilding industry wants the Federal Government to step in and help steer the industry back on course. ...
Tue 9th March 2010 - 08:35pm
Aboriginal business 2nd class in Pilbara
Aboriginal businesses are considered -amp quotsecond class and second rate -amp quot by big resource companies in WA's Pilbara region- an indigenous association says. ...
Tue 9th March 2010 - 07:38pm
Govt to reveal tax stance 'before poll'
Federal Finance Minister Lindsay Tanner has refused to speculate on the future direction of company taxes but he says the trend has been for them to fall. ...
Tue 9th March 2010 - 06:53pm
Keating backs federal takeover of city planning
Former prime minister Paul Keating says the Commonwealth should take a bigger role in large-scale planning and development in Australias cities. ...
Tue 9th March 2010 - 06:48pm
Caution urged on new workplace laws
Both sides of the industrial relations debate in Western Australia have urged caution against prematurely judging the Federal Governments new workplace laws.WA has been at the forefront of widespread ...
Tue 9th March 2010 - 06:46pm
Noble shares jump on Ghana mine upgrade
Noble Mineral Resources Ltd's share price has risen sharply after an upgrade to the estimated size of the resource at its Bibiani gold project in Ghana. ...
Tue 9th March 2010 - 06:44pm
Honda to Build Second Motorcycle Production Plant in India
Tokyo- Mar 9- 2010 - JCN Newswire - Honda Motorcycle -amp amp Scooter India Pvt. Ltd. HMSI- Hondas wholly-owned motorcycle production and sales subsidiary in India- announced plans to build a second motorcycle production plant to meet increasing demand in the rapidly growing motorcycle market in India. ...
Tue 9th March 2010 - 06:31pm
Fujitsu Launches Search Service for Patent Disclosures Outside Japan
Tokyo- Mar 9- 2010 - JCN Newswire - Fujitsu today announced the availability of a new service to search patent databases outside Japan- offered as software as a service SaaS. The new service- called ATMS-IR.net- is designed to assist corporate intellectual property departments- as well as engineers and inventors- in conducting global patent inquiries. ...
Tue 9th March 2010 - 06:28pm
World-record wool bale to be auctioned
The world's finest bale of wool- potentially worth hundreds of thousands of dollars- will go under the hammer in Melbourne next week. ...
Tue 9th March 2010 - 06:27pm
Rudd- Abbott praise stoicism of flood victims
Prime Minister Kevin Rudd says he has spoken to the mayors of many of the flood stricken communities in Queensland. ...
Tue 9th March 2010 - 06:10pm
Billabong sued by former Bali licensee
Billabong International Ltd is being sued by its former Indonesian licensee- CV Bali Balance- over the termination of its distribution licence in Indonesia. ...
Tue 9th March 2010 - 05:57pm
Rudd- Abbott praise stoicism of flood victims
Prime Minister Kevin Rudd says he has spoken to the mayors of many of the flood stricken communities in Queensland. ...
Tue 9th March 2010 - 05:48pm
Rudd- Abbott praise stoicism of flood victims
Prime Minister Kevin Rudd says he has spoken to the mayors of many of the flood stricken communities in Queensland. ...
Tue 9th March 2010 - 05:43pm
Govt to reveal tax stance 'before poll'
Federal Finance Minister Lindsay Tanner has refused to speculate on the future direction of company taxes but he says the trend has been for them to fall. ...
Tue 9th March 2010 - 05:38pm
Former Macquarie fund manager pleads guilty to contempt
A former Macquarie Bank portfolio manager has pleaded guilty to a charge of breaching court orders- after trying to leave the country. ...
Tue 9th March 2010 - 05:38pm
Australia shares eke out 8th day of gains data helps
MELBOURNE- March 9 - Australian stocks finished 0.25 percent stronger on Tuesday- marking the 8th straight session of gains- after strong business confidence and job ads data encouraged investors that the recovery was on track. ...
Tue 9th March 2010 - 04:59pm
Centrebet considers takeover proposals
Centrebet International Ltd says it is in talks with parties interested in taking over the online gaming firm. ...
Tue 9th March 2010 - 04:52pm
OZ Minerals enters Latin America
Copper and gold miner OZ Minerals has made a foray into Latin America through a joint venture with precious and base metals explorer Azure Minerals in Mexico. ...
Tue 9th March 2010 - 04:47pm
Former Macquarie fund manager arrested
A former Macquarie Bank portfolio manager has pleaded guilty to a charge of breaching court orders- after trying to fly out of the country. ...
Tue 9th March 2010 - 04:36pm
Job ads surge 20 in February- survey
The number of job advertisements placed in newspapers and on the internet surged by almost 20 per cent in February- an ANZ survey finds. ...
Tue 9th March 2010 - 04:34pm
Australia shares edge higher after strong data
MELBOURNE- March 9 - Australian stocks finished 0.25 percent stronger on Tuesday- marking the eighth straight session of gains- after strong business confidence and job ads data provided further evidence the recovery was on track. ...
Tue 9th March 2010 - 04:25pm
Rudd- Abbott praise stoicism of flood victims
Prime Minister Kevin Rudd says he has spoken to the mayors of many of the flood stricken communities in Queensland. ...
Tue 9th March 2010 - 04:25pm
Executive bonuses to be scrapped
Bonuses and other incentives paid to the executives of State Government energy utilities are set to be scrapped. ...
Tue 9th March 2010 - 04:24pm
Petrol price war is over- survey finds
Petrol prices have returned to their pre-price war heights with the national average price of unleaded rising 3.7 cents in the week to March 7. ...
Tue 9th March 2010 - 04:22pm
Executive bonuses to be scrapped
Bonuses and other incentives paid to the executives of State Government energy utilities are set to be scrapped.Yesterday- the Government announced household electricity prices will rise 7.5 per cent ...
Tue 9th March 2010 - 04:13pm
Rudd- Abbott praise stoicism of flood victims
Prime Minister Kevin Rudd says he has spoken to the mayors of many of the flood stricken communities in Queensland. ...
Tue 9th March 2010 - 04:12pm
Portugals Socrates defends austerity plan
LISBON AFP - Big business and the rich will bear the brunt of Portugals new austerity programme- the countrys socialist prime minster said as his government announced spending cuts and select tax rises. ...
Tue 9th March 2010 - 04:11pm
Rudd- Abbott praise stoicism of flood victims
Prime Minister Kevin Rudd says he has spoken to the mayors of many of the flood stricken communities in Queensland. ...
Tue 9th March 2010 - 04:11pm
Toyota disputes critic over electronics
Toyota has used Stanford University engineers to dismiss a study showing crossed wires could send a false signal that would cause cars to speed out of control. ...
Tue 9th March 2010 - 03:48pm
Colleges being used as residency factories
A review of the international education sector in Australia has found the industry has been distorted by colleges set up to take advantage of students seeking permanent residency. ...
Tue 9th March 2010 - 03:48pm
Triple whammy hits would-be home buyers
Many would-be home buyers have given up the dream of home ownership- hit by rising interest rates- tougher lending conditions and an end to a government grant. ...
Tue 9th March 2010 - 03:34pm
Colleges being used as residency factories
A review of the international education sector in Australia has found the industry has been distorted by colleges set up to take advantage of students seeking permanent residency. ...
Tue 9th March 2010 - 03:29pm
Hewlett-Packard says pilfered inkjet parts peddled
SAN FRANCISCO AFP - Hewlett-Packard said it is suing a Taiwan-based firm for peddling inkjet cartridges made from parts swiped from the US technology giants facilities in Asia. ...
Tue 9th March 2010 - 03:27pm
Job ads surge 20 per cent in February
The number of job ads placed in newspapers and on the internet surged by almost 20 per cent in February- an ANZ survey has found. ...
Tue 9th March 2010 - 03:19pm
Northern nickel mine proposal
A Sydney-based mining company has found nickel in northern Tasmania. ...
Tue 9th March 2010 - 03:15pm
Business confidence at three-month high
Companies were caught unprepared for a surge in business confidence in February- which hit a three-month high as inventories declined and hiring slowed. ...
Tue 9th March 2010 - 02:54pm
Companies expecting to hire more workers
Employment have returned to levels last seen before the global downturn and are set to grow further- new figures show. ...
Tue 9th March 2010 - 02:51pm
Northern nickel mine plan
A Sydney-based mining company has found nickel in northern Tasmania. ...
Tue 9th March 2010 - 02:44pm
Shares flat as mining decline offsets other gains
The Australian share market is trading close to flat- with a fall in mining stocks off-setting gains in most other sectors. ...
Tue 9th March 2010 - 02:41pm
Sharp rise in revenue for Atlas Iron
Atlas Iron Ltd has reported a sharp rise in first half revenue and narrowed its net loss as it continues to develop its second mine. ...
Tue 9th March 2010 - 02:37pm
Companies expecting to hire more workers
Employment have returned to levels last seen before the global downturn and are set to grow further- new figures show. ...
Tue 9th March 2010 - 02:34pm
Toyota Prius in US runaway drama
A Toyota Prius accelerated out of control on a busy California freeway before police intervened to bring the vehicle to a standstill. ...
Tue 9th March 2010 - 02:32pm
Triple whammy hits would-be home buyers
Many would-be home buyers have given up the dream of home ownership- hit by rising interest rates- tougher lending conditions and an end to a government grant. ...
Tue 9th March 2010 - 02:19pm
Investor demand for housing loans strong
Investors have returned from summer holidays to grab their largest share of housing loans since at least 1994- according to a survey by a mortgage broker. ...
Tue 9th March 2010 - 02:18pm
Asian Markets Overview of March 9- 2010
Sydney- Australia- Mar 9- 2010 - ABN Newswire - A cautious start is expected in Asian markets Tuesday while Wall Street took a breather after recent gains and closed slightly lower overnight. Asian stocks rallied on Monday- led by resources sector which was helped by higher commodities prices. Australian market posted a seventh consecutive day of gains yesterday. Japans Nikkei 225 surged 2. ...
Tue 9th March 2010 - 01:39pm
CBD arm wins solar energy contract
CBD Energy subsidiary eco-Kinetics has won a two-year contract with Ergon Energy to supply on- and off-grid photovoltaic systems for solar energy generation. ...
Tue 9th March 2010 - 01:38pm
Australia shares steady Centrebet leaps
MELBOURNE- March 9 - Australian stocks were treading water on Tuesday- reversing early losses after strong business confidence and job ads data encouraged investors that the recovery was on track. ...
Tue 9th March 2010 - 01:33pm
WorkSafe targets Mid West
Construction sites across the Mid West will come under the spotlight this week when WorkSafe begins another round of inspections. ...
Tue 9th March 2010 - 01:21pm
Do Not Call Register about to expire
People who listed their telephone numbers on the Do Not Call Register when it first launched are being reminded to re-register. ...
Tue 9th March 2010 - 01:11pm
OZ Minerals enters Latin America
OZ Minerals Ltd has made a foray into Latin America through a joint venture with junior precious and base metals explorer Azure Minerals Ltd in Mexico. ...
Tue 9th March 2010 - 12:57pm
Targett drops lawsuit against ANZ
ANZ Banking Group Ltd said former institutional bank group managing director Steve Targett has dropped his $57 million lawsuit against the bank. ...
Tue 9th March 2010 - 12:55pm
Takeover bid for Arrow not unexpected
A senior resources analyst says it is no surprise to see a move by Shell and Petro China to acquire the gas company Arrow Energy. ...
Tue 9th March 2010 - 12:35pm
Indonesian firm sues Billabong for $58m
Surf wear company Billabong says it is facing a civil claim from its former Indonesian licensee- which is seeking compensation over the termination of its distribution licence in that country. ...
Tue 9th March 2010 - 12:34pm
Texon Petroleum Limited ASX-TXN Increases Production By 40 To 535 BOEPD
Brisbane- Australia- Mar 9- 2010 - ABN Newswire - Texon Petroleum Ltd ASX-TXN advises that following the re-fraccing of the Tyler Ranch 1 well and remedial work on other wells in the Leighton field that the Companys nett production from all of its wells including Leighton has increased to 535 boepd- up 40 from the mid January rate of 378 boepd in the Companys December quarterly report. ...
Tue 9th March 2010 - 12:33pm
Noble increases resource estimate
Explorer Noble Mineral Resources Ltd has increased its estimated resource at its Bibiani gold mine in West Africa. ...
Tue 9th March 2010 - 12:29pm
Libs back cable car plan
The Tasmanian Liberals have promised to help develop a cable car on Hobarts Mount Wellington. ...
Tue 9th March 2010 - 12:25pm
Jobs market looking up in NSW
The jobs market in NSW is looking up due to greater optimism among firms as the nation emerges from the global economic downturn- a survey shows. ...
Tue 9th March 2010 - 12:23pm
Investor demand for housing loans strong
Investors have returned from summer holidays to grab their largest share of housing loans since at least 1994- according to a survey by a mortgage broker. ...
Tue 9th March 2010 - 12:22pm
Libs back cable car plan
The Tasmanian Liberals have promised to help develop a cable car on Hobarts Mount Wellington. ...
Tue 9th March 2010 - 12:18pm
Libs revive cable car plan
The Tasmanian Liberals have promised to help develop a cable car on Hobarts Mount Wellington. ...
Tue 9th March 2010 - 12:17pm
Receding floodwaters reveal economic damage
Farmers and meat exporters are among the many Queenslanders counting the cost after the south-west of the state went under in the worst floods for more than 100 years. ...
Tue 9th March 2010 - 12:13pm
Australia dlr underpinned by strong domestic data
Australian dollar firm at $0.9096 AUDD4- up from an early $0.9072 low- but faces offers in the $0.9135-45 zone. Support seen around $0.9030 and $0.8980. ...
Tue 9th March 2010 - 12:11pm
Job ads surge 20 per cent in February
The number of job ads placed in newspapers and on the internet surged by almost 20 per cent in February- an ANZ survey has found. ...
Tue 9th March 2010 - 11:49am
Business confidence at four month high
Business confidence and conditions strengthened in February to a four month high- but growth remains below the highs seen in late 2009- a survey shows. ...
Tue 9th March 2010 - 11:48am
Business confidence bounces back
Business confidence has risen back to the levels seen in November- which were the highest since May 2002. ...
Tue 9th March 2010 - 11:46am
Business confidence bounces back
Business confidence has risen back to the levels seen in November- which were the highest since May 2002. ...
Tue 9th March 2010 - 11:42am
Business confidence bounces back
Business confidence has risen back to the levels seen in November- which were the highest since May 2002. ...
Tue 9th March 2010 - 11:36am
WestSide Corporation Limited ASX-WCL Dawson CSG Purchase Unaffected By Pre-Emption On Adjoining Tenements
Brisbane- Australia- Mar 9- 2010 - ABN Newswire - Plans by WestSide Corporation Limited ASX-WCL to join Mitsui E -amp ampP Australia Pty Ltd to acquire the Dawson Seamgas coal seam gas CSG assets in Queenslands Bowen Basin from Anglo American LON-AAL OTC-AAUKY and Mitsui Moura Investment Pty Ltd -amp quotMMI -amp quot have been unaffected by subsequent pre-emption notices relating to neighbouring permits.MMI and Molopo Energy Limited ASX- ...
Tue 9th March 2010 - 11:26am
Bandanna Energy Limited ASX-BND Announce New Senior Management Appointment
Brisbane- Australia- Mar 9- 2010 - ABN Newswire - Bandanna Energy Limited ASX-BND is pleased to announce the appointment of David Campbell as Manager - Exploration. David was- from 2006 until January 2010- Vice President - Exploration of Waratah Coal Inc which holds extensive exploration areas in the Galilee Basin- including the China First Project located immediately adjacent to Bandannas South Galilee Project. ...
Tue 9th March 2010 - 11:25am
Billabong sued by former Bali licensee
Billabong International Ltd is being sued by its former Indonesian licensee- CV Bali Balance- over the termination of its distribution licence in Indonesia. ...
Tue 9th March 2010 - 11:12am
Australia shares ease after 7-day winning streak
MELBOURNE- March 9 - Australian stocks slipped 0.3 percent on Tuesday after seven straight days of gains- with weaker copper and gold prices weighing on the resources sector. ...
Tue 9th March 2010 - 11:11am
GWA to acquire Brivis for $50 million
Building products supplier GWA International Ltd says it will acquire Brivis Climate Systems from Carrier Air Conditioning Pty Ltd for $50 million. ...
Tue 9th March 2010 - 10:59am
AusTex Oil Limited ASX-AOK Commences Drilling At Eisenhour 1 Well McCracken Project- Kansas
Sydney- Australia- Mar 9- 2010 - ABN Newswire - AusTex Oil Limited ASX-AOK PINK-ATXDF- advises that drilling of the wildcat Eisenhour 1 Well commenced at 9.30am CDT Monday 8 March 2010.The location for the Eisenhour 1 Well was chosen following a technical review of open-hole logs from the Billie 1 Well drilled in 2009 along with 3D seismic data. ...
Tue 9th March 2010 - 10:35am
Centrebet considers takeover proposals
Centrebet International Ltd says it is -amp quotfacilitating discussions -amp quot with organisations which have expressed interest in taking over the punting company. ...
Tue 9th March 2010 - 10:21am
Australia shares off 0.2 pct- miners soft
MELBOURNE- March 9 - Australian stocks eased 0.2 percent on Tuesday after seven straight days of gains- with weaker copper and gold prices weighing on the resources sector. ...
Tue 9th March 2010 - 10:20am
Back on track- Ghan railway line to reopen
The rail line between Alice Springs and Darwin is expected to reopen this afternoon once repairs to flood damage are completed. ...
Tue 9th March 2010 - 10:14am
China faces new currency pressure
China faces mounting pressure from trading partners to loosen currency controls and is giving signs it might raise the value of the yuan. ...
Tue 9th March 2010 - 10:13am
Benitec Limited ASX-BLT US Patent Re-exam Update
Melbourne- Australia- Mar 9- 2010 - ABN Newswire - Benitec Limited ASX-BLT PINK-BNIKF provides the following update on the USA Patent Re-examination of the -amp quotGraham -amp quot patent 6-573-099.The Company was notified on 7 January 2010 that an Examiners Answer to the Notice of Appeal filed on 22 May 2009 and the accompanying Appeal Brief filed on 27 July 2009 had been issued by the United States Patent and Trademark Office. ...
Tue 9th March 2010 - 10:11am
Australian Bauxite Limited ASX-ABZ Applies For Eight New Bauxite Exploration Tenements Totalling 1-508km2 in Tasmania
Sydney- Australia- Mar 9- 2010 - ABN Newswire - Emerging Australian bauxite company- Australian Bauxite Limited ASX-ABZ has applied for eight 8 new bauxite exploration tenements in Tasmania covering an area totalling 1-508 square kilometres km2 and containing good quality bauxite in favourable settings for potential development. ...
Tue 9th March 2010 - 09:55am
Conquest Mining Limited ASX-CQT Appoints Jake Klein As Executive Chairman
Perth- Australia- Mar 9- 2010 - ABN Newswire - The Board of Conquest Mining Limited ASX-CQT PINK-CQMLF is pleased to announce that Mr Jake Klein has accepted the position of Executive Chairman of the Company. Mr Nicholas Curtis and Mr James Jim Askew will also be appointed to the Board as Non Executive Directors. ...
Tue 9th March 2010 - 09:47am
Qld to pass new land tax laws
The Queensland government says it will pass new land tax laws in state parliament by Thursday- despite them still not being finalised. ...
Tue 9th March 2010 - 09:33am
Arrow Bid Sends Coal Seam Gas Sector Higher
Arrow Energy shares bounded past $5 yesterday in the wake of a proposed offer surfacing from major shareholder- Shell- in partnership with PetroChina.The two companies -amp 160revealed -amp 160a joint bid for Arrow Energy in a deal worth at least $3.3 billion- as they seek a slice of the booming coal seam gas sector.Shares in Arrow Energy jumped more than 40 in early trading to just shy of $5 dollars- then were pushed to $5.11 by the close- a gain of 47- or $1.63 a share-Thats well above the offers implied $4.45 cash.As well there is a hard to value share in a new entity made up of -amp 160Arrows international business.The cash component of the bid is the real measure the share in the international business is all blue sky.Some brokers the value of the international assets could total up to half a billion dollars- but that sounds back of the envelope stuff.The news saw other coal seam gas groups take a run- with Bow Energy see next story soaring more than 27 along with smaller operator- LNG- which also jumped more than 26.Bigger players -amp 160Origin and Santos- which have done deals covering their CSG assets in Queensland with Conoco Phillips and Petronas respectively- -amp 160saw their shares rise by 2-3.Arrow has some of the largest coal-bed methane reserves in Queenslands Bowen and Surat Basins.The methane is extracted by drilling into coal seams.It will be piped to Gladstone where it will be converted into LNG and shipped to Asia. All projects will be based around Gladstone.Shells move on Arrow has been long tipped by the market- but not the involvement with PetroChina- one of Chinas oil and gas majors.The bid follows the -amp 160BG Group bid for Queensland Gas Co and the -amp 160ConocoPhillips and Petronas deals.Collectively around $20 billion has been invested in various companies since 2008- with billions more being committed to exploration- proving up reserves and planning and designing the various export LNG plans for Gladstone.At the moment there are at least four projects- there could be six- based on various announcements by different groups.Analysts say consolidation of the competing projects is needed for them to survive. There wont be enough capital to fund all the projects announced or mooted.Arrow last month moved to -amp 160acquire the full ownership of its $2.2 billion Fishermans Landing LNG project- which will be fed by coal seam gas.Arrows move to sell off some of its Queensland coal interests to -amp 160fund the cost of the LNG project was reported yesterday to have caused Shell to move to a full bid.Shell already holds a 30 stake in Arrows domestic coal seam gas assets as well as 10 of its international business.Arrows board -amp 160advised shareholders to take no action on the offer and has appointed Citi and UBS as financial advisers.The gas explorer and producer had been planning to list 20 of its Arrow International arm- retaining 70. -amp 160 ...
Tue 9th March 2010 - 08:56am
Lend Lease appoints former Leighton exec
Property developer Lend Lease Group has a appointed a former Leighton Holdings Ltd executive as its director of operations. ...
Tue 9th March 2010 - 08:55am
Bow Upgrades Adds To Coal Seam Gas Hysteria
Amid the hysteria in the energy sector caused by yesterdays joint bid for Arrow Energy- smaller rival- Bow Energy was swept up in the surge in the wake of its release of upgraded resource figures.Given the search for the next best thing behind Arrow- Bow shares took a big run- jumping 27.5- or 27c to $1.25.The reason was the markets realisation of the size of the upgrade in Bows so-called 3P reserves proved- probable and possible- the highest grade of resource definition there is.Bow said -amp 160its total net reserves in the proved- probable and possible 3P category of Australias resources reporting code jumped by more than 60 to 2318 petajoules PJ.This came when -amp 160it -amp 160announced 3P reserves of 871PJ and a best estimate contingent 2C resource of 439PJ for its Comet CSG field about 250km west of Gladstone in Queensland. -amp quotOur latest reserves from Bows 100 per cent owned Comet CSG field together with the Blackwater CSG field provides Bow with over 2Tcf trillion cubic feet of 3P reserves in the permit- and almost 3Tcf of total resource- -amp quot Bow chief executive commercial John De Stefani said. -amp quotThis huge reserves base has provided Bow with significant gas supply opportunities for both the domestic gas markets and the multiple proposed LNG liquefied natural gas facilities in Gladstone. -amp quotBow said it was planning a 2P work program over the Comet CSG field in conjunction with a 2P work program currently underway at the Blackwater CSG field- about 235 kilometres west of Gladstone.Bow says it is undertaking completion work on initial production wells for the Blackwater power station- which is slated for commissioning in the first quarter of 2011. -amp quotThe results of the first three Blackwater CSG Field appraisal wells and adjacent core holes BW-3 and BW-4 located in the area have been submitted to MHA- Bows independent certifier. -amp quotThe initial seven well 3P and 2P drilling program on the Norwich Park program ATP 1031P 100 Bow has continued to be hampered by wet weather with VM-1 drilled to a depth of 273 metres towards a projected total depth of 700 metres with 18.7 metres of coals intersected to date- -amp quot the company said. ...
Tue 9th March 2010 - 08:53am
Another Iron Ore Deal In WA
Still in the resource sector- something is up at -amp 160iron ore miner- Atlas Iron.There was a story around on the newswires about a possible play for a stake in a mine from foreign interests- and then the company asked for its shares to be suspended until tomorrow.Atlas said it asked for the trading halt -amp quotpending a potential material announcement -amp quot by the company.The halt came -amp 160two months after Atlas told that -amp 160it was in talks to find a -amp 160 partner to help it develop its Ridley magnetite deposit in Western Australia.Shares in Atlas last traded up 4.3 at $2.21 a share before the halt.Earlier the Economic Times of India reported that NMDC- which is Indias biggest iron ore miner- had linked with a company called -amp 160ABS Consulting of Saudi Arabia and Boulder Steel Ltd. to make a -amp 160bid for a stake in an Australian iron-ore project owned by Atlas Iron Ltd.A non-binding offer has been pitched to Atlas Iron for a 70 stake in the project- which wasnt named- but is thought to be the Ridley deposit.Atlas has put a value of $3 billion on the -amp 160Ridley project and newsagencies yesterday said it had -amp 160secured interest from possible buyers -amp 160in China- India- South Korea and Japan.The Economic Times also suggested that a Chinese buyer might be interested.According to the Economic Times report- NMDC would take a 15 stake- while Boulder Steel would have 5 and -amp 160ABS Consulting 55.ABS- or Arabia for Business Strategy LLC- is a -amp 160company owned by a member of the Saudi royal family. It linked with -amp 160Boulder Steel last year to jointly buy resources for iron and steel making in Australia. ...
Tue 9th March 2010 - 08:50am
Galaxy Resources Limited ASX-GXY Airborne Survey At West Kundip Manganese Project
Perth- Australia- Mar 9- 2010 - ABN Newswire - Galaxy Resources Limited ASX-GXY PINK-GALXF is pleased to announce that it has commenced exploration on its West Kundip manganese project tenements with the completion of a VTEM airborne electromagnetic survey.The two mining leases M74-133 and M74-238 comprising Galaxys West Kundip Manganese Project were granted recently and are located approximately 15km south of Ravensthorpe. ...
Tue 9th March 2010 - 08:45am
Toyota hits back at claims of electronic defects
LOS ANGELES AFP - Crisis-hit Toyota hit back once again Monday at allegations that the electronics in its vehicles caused the problems with sudden acceleration which led to the recall of millions of vehicles. ...
Tue 9th March 2010 - 08:36am
Receding floodwaters reveal economic damage
Farmers and meat exporters are among the many Queenslanders counting the cost after the south-west of the state went under in the worst floods for more than 100 years. ...
Tue 9th March 2010 - 08:32am
Australia shares seen taking a breather
Wall Street gave a weaker cue as gains fuelled by takeover activity and good sales at McDonalds MCD.N fizzled at the end of the U.S. day- ending a six-day run-up. ...
Tue 9th March 2010 - 08:25am
Brazil raises tariffs on dozens of US goods in cotton feud
BRASILIA AFP - Brazil said Monday it would raise tariffs on 591 million dollars worth of US products in the latest twist in its showdown over US cotton subsidies it has blasted as unfair. ...
Tue 9th March 2010 - 08:14am
Business expectations keep rising in 2010
A private survey shows Australian businesses are feeling positive heading into the next few months. ...
Tue 9th March 2010 - 07:45am
China faces new currency pressure
China faces mounting pressure from trading partners to loosen currency controls and is giving signs it might raise the value of the yuan. ...
Tue 9th March 2010 - 07:44am
Portugal adds austerity measures
Portugal announced new austerity measures to avoid a debt crisis like the one engulfing Greece- cutting welfare benefits and government hiring. ...
Tue 9th March 2010 - 07:44am
Greek PM asks US to crack down on speculators
WASHINGTON AFP - Greek Prime Minister George Papandreou called on the United States Monday to crack down on speculators he accused of trying to undermine his countrys struggle to overcome a severe debt crisis. ...
Tue 9th March 2010 - 07:36am
NZ dollar steady as risk appetite holds
Kiwi NZDD4 sits little changed around $0.7000 level in a quiet session- retaining much of the gains from the previous days improved appetite for riskier assets. Kiwi ranged between $0.6950 and $0.7036 in offshore trading. ...
Tue 9th March 2010 - 07:16am
CyberAgent Opens U.S. Subsidiary- Enters Market with Ameba Pico- an English Language Version of One of Japans Most Successful Virtual Worlds
San Francisco- Mar 8- 2010 - JCN Newswire - CyberAgent- Inc. has announced the launch of Ameba Pico- a new virtual community that combines gaming- social networking and e-commerce elements and tightly integrates into the Facebook environment. Ameba Pico is the first English language offering from CyberAgent and is based on Ameba Pigg- one of the most popular and successful virtual worlds in Japan. ...
Tue 9th March 2010 - 07:12am
Dock strike hits key industries in Finland
HELSINKI AFP - A Finnish dock workers strike that has crippled the export-reliant Nordic countrys foreign trade entered its fifth day Monday- with major companies saying they were forced to temporarily halt operations. ...
Tue 9th March 2010 - 06:51am
Europe moves to create rescue fund
BRUSSELS AFP - Europe moved on Monday to create its own financial rescue fund- designed to shore up the euro currency should spiralling debts among wayward eurozone members like Greece trigger fresh market mayhem. ...
Tue 9th March 2010 - 05:58am
Portugal- like Greece- forced into austerity plan
LISBON AFP - The Portuguese government said Monday it would cut spending- delay investment and sell state assets to fix Portugals finances just a week after fellow eurozone member Greece took similar unpopular steps. ...
Tue 9th March 2010 - 03:41am
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