The Dunedin studio of production company Animation Research Ltd was hastily dismantled, and a tonne of gear and 12 staff flown to Auckland six days ago, to deliver a world first in yachting coverage.
Oceana Gold is taking over the Frasers underground mining contract, which was costing it about $25 million per year, and is offering the contractor's 100 staff employment with Oceana.
Listed Scott Technology's $10 million acquisition of mining sector specialist Rocklabs in 2008 has proved a canny investment for the Dunedin assembly line and meat robotics manufacturer.
South Canterbury Finance's credit rating has been maintained at BB, on credit watch negative, by international agency Standard & Poors, but its "financial profile remains weak".
Unsecured creditors owed more than $200,0000 in the Fisher Windows' liquidation are "highly unlikely" to be paid - with initial estimates of the total debt standing at $888,000.
Preference shares in South Canterbury Finance look set to test all-time lows - 22c last month - with the $1 shares trading down 15% during the past two days at 23c each.
Australian mining stocks have endured a three-day hammering by fleeing investors and before yesterday's ASX close, four major stocks had shed a collective $A12 billion ($NZ15.1 billion) in market capitalisation.
Australian mining companies have lost billions of dollars in share value in the wake of the proposed 40% "super tax on profits" announced by the Government on Sunday.
Striking a balance between mining, tourism and conservation is the challenge facing the mining industry and the Government in the debate over exploring section four conservation land. Simon Hartley looks at Oceana Gold's environmental record and economic effect.
Oceana Gold's economic impact on the Otago economy is measured in the tens of millions of dollars each year as it churns through millions of tonnes of East Otago and West Coast ore to extract gold.
Listed Glass Earth Gold - which has spent more than $24 million in gold exploration during the past three years - is seeking a private placement of up to $4.2 million to finance exploration, including four gold targets in Central Otago.
Test drilling by Oceana Gold, next to its underground operation at Macraes in East Otago, has delivered "promising results" of "significant" gold grades from its latest drilling programme.
Port Otago has reaped $3.24 million in dividends from rival Lyttelton Port of Christchurch (LPC) since it acquired its 15% blocking stake four years ago, spending $35.6 million at the time.
Miner OceanaGold has posted a 22% decline on quarterly production and a fall in profit, but is forecasting a "significant" increase in cash flow for the remaining three quarters of the year.
Fisher Windows Otago has been placed in voluntary liquidation by its owner, with seven staff let go in recent weeks and its premises in Kaikorai Valley locked.
Southern employers were briefed on looming employment-law changes by the chief of the Employment Relations Authority (ERA) yesterday.
Investors in finance company St Laurence must decide on swapping their debt for equity, or face the prospect of the company running out of cash and being placed into receivership.
Fonterra has confirmed an increased payout to dairy farmers - up 40c to $6.10 a kg of milksolids, largely on the back of global demand which is beginning to outstrip supply.
Fonterra's new $70 million warehousing site near Mosgiel is not expected to have any immediate impact on Port Otago's operation of its more than 30,000sq m of warehousing at Port Chalmers.
The new chief executive of beleaguered South Canterbury Finance, Sandy Maier, is upbeat about saving the southern lending giant. Business reporter Simon Hartley reviews progress on the massive, and painful, restructuring of the 85-year-old company.
