Receivers of South Canterbury Finance receivers have forced three companies of St Clair developer Stephen Chittock into receivership over a $1.5 million debt - just days after they were placed into voluntary administration.
Bathurst Resources is poised to begin its two-million-tonne-a-year coal operation on the West Coast in four months, subject to any appeals within the next three weeks against its newly won resource consents.
"Incremental" legislative changes and engaging with affected communities were prevalent themes at the opening of the New Zealand branch of the Institute of Mining and Metallurgy (AusIMM) annual conference yesterday.
A more than $20 million proposal for a development at St Clair in Dunedin - potentially involving Chinese investors - has been revealed in the wake of a Dunedin developer's businesses being placed under voluntary administration 11 days ago.
Coal miner Solid Energy - one of four state-owned enterprise energy companies National wants to partially float on the stock exchange - will deliver a total $50 million in dividends to the Government this year.
With an election looming, politics and mining policy are likely to be off the agenda at this year's annual three-day mining conference in Queenstown, which is hosting more than 300 delegates.
Pacific Edge shareholders can expect to see the Dunedin-based company concentrate on getting its cancer diagnostic products into the United States, backed by potentially more than $20 million in new funding.
Global spot gold prices plummeted almost $US170, or 8.8%, during the past three days - from a record $US1911 ($NZ2299) on Tuesday to a low yesterday of $US1742 - as emboldened investors rushed to share markets to scoop up bargain stocks.
"Unprecedented" natural disasters and currency volatility during the past year saw listed Tourism Holdings book a 56% decline in earnings before interest and taxation.
Natural disasters gave national carrier Air New Zealand its most challenging financial year in a decade - it has posted a full-year after-tax profit of $81 million, 1% down on last year.
New Zealand Oil & Gas, which established Pike River Coal, has booked almost $99 million of losses related to the coal mine collapse last November which killed 29 men.
Oil exports versus imports delivered a surprisingly strong trade surplus for the month of July for the first time in 20 years.
Dunedin-founded A2 Corporation, which has delivered a maiden profit of $2.1 million seven years after listing, is retaining a cash balance of $7.5 million for expansion in Australia this year.
Newmont Waihi Gold in the North Island - the country's second-largest gold producer after Otago-based Oceana Gold - has announced an underground exploration programme that could push its mine life out a further six years, beyond 2020.
Contact Energy's after-tax profit for the full-year to June slipped 3%, from $154.7 million a year ago to $150.3 million, with conflicting views on its year ahead outlook.
A multimillion-dollar Central Otago subdivision at the centre of an earlier failed purchase by a private Dunedin property investment company has been sold by its receivers, PricewaterhouseCoopers.
Fletcher Building booked more than $100 million in one-off costs for its full-year to June result yesterday, but managed to beat analysts' expectations to deliver an improved after-tax profit of $359 million.
More offshore exploration in the Great South Basin has been confirmed with the New Zealand subsidiary of Austrian oil giant OMV announcing yesterday Shell New Zealand will become its majority joint venture partner; with a further $50 million going into more seaborne seismic data acquisition.
The past year for the construction sector has been tough, with historical lows in residential and commercial building activity. With Fletcher Building delivering its full-year result on Wednesday, business reporter Simon Hartley looks at the sector with Craigs Investment Partners broker Peter McIntyre and Forsyth Barr broker Tony Conroy.
Europe's widening debt crisis steered global sharemarkets to another day of losses, with France's ability to retain its AAA credit rating under scrutiny.
