MARKETS

News Wrap

IN THIS morning's News Wrap: Tinkler whiffs a chance at a comeback; NSW to benefit from coal-led ...

Lou Caruana

Tinkler sniffs a chance of a comeback

Nathan Tinkler could be attempting to engineer another coal deal that could restore his fortunes after a miserable 2013, according to the Australian Financial Review.

Industry sources say he has been sniffing around the numerous coal assets that are – nominally, at least – up for sale in Queensland and New South Wales, with the promise of getting Chinese money to finance any deal.

While Tinkler has burnt many investors over the past couple of years, there is no doubting his ability to build a mine and this could be enough for the Chinese.

Todd Hannigan and Tom Todd, who made their fortune by leading Tinkler’s Aston Resources before it listed, may also be involved.

NSW to benefit from coal-led recovery

NSW Trade and Investment Minister Andrew Stoner says the state's industries are well placed to lead a national economic recovery next year despite a drop in the value of NSW's exports last financial year, according to the Sydney Morning Herald.

Falling commodity prices and the relatively high value of the Australian dollar affected the earnings of key state exports in 2012-13.

The value of NSW's biggest export earner, coal, fell 7.5% despite a rise in the volume of sales, while exports of education services have fallen for the past three years due, in part, to the high dollar.

As a result, the overall value of total NSW goods and services exports fell by 4% last financial year, a state government report on trade and investment released on Monday says.

Cyclone lifts iron ore price

The price of Australia's key export – iron ore ¬– will start 2014 on a firmer footing as bad weather here and abroad hits the world's largest producers of the steelmaking ingredient, according to The Australian.

Australia's key iron ore port, Port Hedland, was in lockdown last night ahead of Tropical Cyclone Christine, forcing BHP Billiton and Rio Tinto to stop loading ships.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production