EPA pursuing debt
EPA pursuing debt
The Environmental Protection Authority is standing by its decision to pursue a $795,000 costs debt through the courts, owed by would-be seabed miner Chatham Rock Phosphate.
Simon Hartley
Wind farm owner buys hydro station
Wind farm owner buys hydro station
Southern Generation Ltd Partnership has purchased the Aniwhenua hydro-electric power station on the Rangataiki River in the Bay of Plenty, more than tripling its gigawatt/hour (GWh) sales generation capacity.
Residential building increases
Residential building increases
Building work in place across the country grew 0.5% for the quarter to September, with gains in residential building offset by a decline in commercial work.
Bradken redundancies confirmed
Bradken redundancies confirmed
Staffing at Bradken's Dunedin foundry has slipped to 52, after it was confirmed six staff at its Hillside Rd site were made redundant this week.
US factors help push kiwi up
US factors help push kiwi up
The New Zealand dollar has hit a month high, having gained almost US2c during the past three days on the back of weakening economic data out of the United States and a 3.6% rise in the global dairy trade auction.
Silence on foundry's job losses
Silence on foundry's job losses
Redundancies are understood to have been made at Dunedin foundry specialist Bradken yesterday, but the company remains tight-lipped over the issue.
Auckland cooling, records elsewhere
Auckland cooling, records elsewhere
Auckland's housing market may be showing some signs of cooling, but elsewhere regional areas are hitting record average asking prices, with pressure coming from new listings nationally being down 5.6% from November last year.
Drop in gold puts squeeze on miners
Drop in gold puts squeeze on miners
Gold continues to hover around five-year lows as sellers react to the strengthening US dollar and relatively benign inflation pressure.
All is sweetness and light
All is sweetness and light
It was always going to be a light and fluffy story.
Otago economic activity above average
Otago economic activity above average
Quarterly economic activity around Otago has rebounded 1.8% - well above the national figure of a 0.4% gain.
Mine could be keystone in cheapest-producer drive
Mine could be keystone in cheapest-producer drive
Oceana Gold's acquisition of a South Carolina gold development mine could be the keystone in its drive to become the world's lowest-cost gold producer.
4.4million ounces in 25 years
4.4million ounces in 25 years
East Otago, having produced more than 4.4million ounces of gold in that period.
Record profit for F&P Healthcare
Record profit for F&P Healthcare
Strong sales revenue growth underpinned a record half-year profit for Fisher & Paykel Healthcare for the six months to September.
Pacific Edge sales up; still no profit
Pacific Edge sales up; still no profit
Dunedin cancer diagnostic company Pacific Edge has more than doubled its sales, recording $1.8million sales for the half year to September, and moves to its second-half trading with a $35.3million cash buffer.
JBS Australia gains control of Scott Tech
JBS Australia gains control of Scott Tech
Shareholders have handed control of 102-year-old specialist Dunedin engineering firm Scott Technology to global food giant JBS.
Cavalier boosted on better outlook
Cavalier boosted on better outlook
Carpet manufacturer Cavalier's' share price got a 34% boost yesterday, following management predictions the ailing company would turn last year's $25.7million loss into a $3million-$5million profit.
JBS acquires its first stake in Scott
JBS acquires its first stake in Scott
Food giant JBS Australia yesterday began its march to take a 50.1% controlling stake in 102-year-old Dunedin engineering specialist Scott Technology, disclosing it had gained a 5.21% stake.
Metro Glass happy with $11m profit
Metro Glass happy with $11m profit
Metro Performance Glass has delivered an $11million profit, at the top end of earlier predictions, underpinned by activity in residential Auckland and commercial Canterbury.
Dunedin losing foundry jobs
Dunedin losing foundry jobs
During the past four years, 181 foundry-related jobs have been lost from Dunedin city, largely in response to the global downturn in mining and heavy industry.
Ryman half-year profit up; new villages set to open
Ryman half-year profit up; new villages set to open
Ryman Healthcare is predicting a 15% boost to annual profit, after posting a 23% increase in its half-year result to $132.5million, albeit boosted by property revaluation.