Probe of broker's role in failed bonds
!["The reality is the product [Credit Sails] did not live up to that rating" - Forsyth Barr...](https://www.odt.co.nz/sites/default/files/styles/odt_square_2col/public/story/2016/04/_the_reality_is_the_product_credit_sails_did_not_l_4cff4b6704.jpg?itok=GeWJifKK)
Probe of broker's role in failed bonds
Southern broking house Forsyth Barr's lead management role in failed Credit Sails bonds is being investigated by the Commerce Commission.
Simon Hartley
Oceana results 'positive'
Oceana results 'positive'
Oceana Gold has released "positive" results from its most recent drilling programme at its open-pit mine near Reefton on the West Coast, with one of its prospects tentatively tagged to add to estimated reserves by the end of the month.
Chinese mining decision expected soon
Chinese mining decision expected soon
Chinese energy company Qinghua Group is expected to announce before the end of the month whether it will launch itself into New Zealand, in what could be a multibillion-dollar investment into lignite conversion, port development and a steel mill.
Northern cold snap pushes oil prices beyond $US90
Northern cold snap pushes oil prices beyond $US90
Oil and gold prices have spiked globally with oil fetching more than $US90 ($NZ117.60) per barrel for the first time in 26 months, again raising the possibility of fuel price rises going into New Zealand's summer holiday season.
Foundry sold to US firm
Foundry sold to US firm
Dunedin-based foundry Newlcast has been sold for the second time in three and a-half years, with ownership passing from Brisbane-based AustCast to Oregon-based United States company ESCO, a global supplier to the mining and construction industry.
Caution greets mining interest
Caution greets mining interest
Reaction has been muted to a potential billion-dollar mining investment in New Zealand by Chinese company, the Qinghua Group.
Stock trades reversed
Stock trades reversed
About 200,000 share trades in Pike River Coal stock were reversed yesterday after the New Zealand stock exchange closed for the 2pm memorial service for the missing 29 miners but inadvertently, the Pike stock was allowed to come off a 13-day trading halt.
Decision on Pike River future some months off
Decision on Pike River future some months off
Pike River Coal's suspension of transportation contracts will be broadened, with talks beginning tomorrow with other goods and services suppliers on the West Coast.
New listing a fillip for mining scene
New listing a fillip for mining scene
Bathurst Resources, a more than $A300 million ($NZ385 million) coal-mining company, listed on the New Zealand stock exchange yesterday,The news lifted the mood at the New Zealand's annual mining conference in Auckland, which had been under a cloud of gloom in the wake of the Pike River Coal mining tragedy.
Jobs up as sales dropping
Jobs up as sales dropping
Otago has slipped from first-equal in a quarterly regional economic survey to fifth place, in the wake of poor retail sales data.
Address highly charged
Address highly charged
"Safeguarding" the future for mining industry workers and their families was the key message of the New Zealand branch chairman's address to the Australasian Institute of Mining and Metallurgy's annual conference in Auckland yesterday.
Mining patchy; still exploring
Mining patchy; still exploring
Southern mining companies have provided many of the industry highlights during the past year but, overall, the sector has seen a downturn in several critical areas.
Exploring under the landscape
Exploring under the landscape
A diverse range of subjects was introduced at the annual New Zealand branch of the Australasian Institute of Mining and Metallurgy (AusIMM) conference yesterday, as a geoscience conference finished and the mining sector stepped in.
Weavers winds up owing $477,000
Weavers winds up owing $477,000
The Weavers Retreat Restaurant in Mosgiel has been placed in voluntary liquidation owing more than $477,000, and it is "unlikely" that any of the 29 unsecured creditors will recover any money.
NZOG comes off trading halt
NZOG comes off trading halt
Shares in New Zealand Oil and Gas - the former parent company and majority shareholder in Pike River Coal - came off a trading halt yesterday, after investors were told there was still $12 million of a $25 million short-term debt facility available for Pike to use.
Pall on mining, metallurgy conference
Pall on mining, metallurgy conference
This year's annual New Zealand branch conference of the Australasian Institute of Mining and Metallurgy (AusIMM) will be overshadowed by the unfolding disaster at the Pike River Coal mine on the West Coast.
SCBS shareholders support merger
SCBS shareholders support merger
Southern Cross Building Society shareholders yesterday voted in support of the proposed merger to create a $2 billion "heartland bank", in conjunction with Canterbury Building Society and Marac Finance, the financial services subsidiary of listed Pyne Gould Corp.
Other mine operators ready to help
Other mine operators ready to help
New Zealand's two largest gold miners - both with underground operations - have offered rescue teams to assist Pike River Coal, if required.
Shareholders advised to support heartland bank
Shareholders advised to support heartland bank
Shareholders in the respective companies proposing a more than $2 billion New Zealand-owned "heartland" bank are being encouraged to vote for the project.
Skeggs Group, Sanford $85 million deal
Skeggs Group, Sanford $85 million deal
The $85 million purchase of the Dunedin-based Skeggs Group's aquaculture interests by listed Sanford fisheries has gone unconditional.