Inflation fears put gold near $1000
Inflation fears put gold near $1000
Gold has edged towards $US1000 ($NZ1473) again and boosted mining company shares, as investors seek a safe haven from inflation.
Simon Hartley
Inflation fears put gold near $1000
Inflation fears put gold near $1000
Gold has edged towards $US1000 ($NZ1473) again and boosted mining company shares, as investors seek a safe haven from inflation.
Aust-owned banks thrive despite the recession
Aust-owned banks thrive despite the recession
Amid the uproar over banks' profits during the recession, New Zealand's big-four Australian-owned banks are being picked to increase profits over three years by up to 30%.
PM hints at partnership options
PM hints at partnership options
Regional development may get a financial boost from the Government, which is considering numerous new partnership options, according to Prime Minister John Key.
Foodstuffs staff walk off the job
Foodstuffs staff walk off the job
Aggrieved staff working for Foodstuffs South Island picketed supermarkets in Dunedin and Christchurch yesterday after walking off the job over failed pay negotiations.
Baroda registers as NZ's 19th bank
Baroda registers as NZ's 19th bank
India's 101-year-old listed Bank of Baroda, which already operates in 70 countries, has registered as New Zealand's 19th bank and its first branch is likely to be in Auckland by early next year.
SCF float would be viewed 'favourably'
SCF float would be viewed 'favourably'
A sharemarket float by beleaguered South Canterbury Finance would be viewed as positive by rating agency Standard & Poors, which last month downgraded its crucial rating on SCF to non-investment status, from BBB- to BB+.
Misgivings over sustainability of `shallow' recovery
Misgivings over sustainability of `shallow' recovery
Signs of a "shallow" and "fragile" economic recovery for 2010 are beginning to appear, but the question for analysts and the Reserve Bank is whether the recovery is sustainable and permanent.
Volatile resource sector calming
Volatile resource sector calming
A second surge is forecast in the global resource sector - bringing some stability - following wild swings in the share values of listed New Zealand gold explorers and producers during the past year.
New era in mineral exploration
New era in mineral exploration
New Zealand's mining industry appears well on the way to entering a new era with the National-led Government paving the way for sweeping changes to the contentious Resource Management Act.
Port Otago earns $775,000 from stake in Lyttelton Port
Port Otago earns $775,000 from stake in Lyttelton Port
Port Otago will reap $775,000 in its full-year dividend from Lyttelton Port of Christchurch for its 15.8% stake in the company.
Glass Earth data value for ORC
Glass Earth data value for ORC
The Otago Regional Council has fleetingly considered building a dam near Ida Burn after analysing a $4 million aerial geophysical survey to which it contributed $1 million in 2007.
Gains for mining industry in streamlined RMA
Gains for mining industry in streamlined RMA
Sweeping changes are planned for the Resource Management Act and the first phase of amendments is expected to be completed before the end of the year, according to Simpson Grierson RMA specialist Michelle van Kampen.
Bid to raise $30m for coal gas drilling
Bid to raise $30m for coal gas drilling
New Zealand L&M Group - explorer for lignite, petroleum, coal and coal seam gas - wants to raise $A30 million in listing a new company on the New Zealand and Australian stock exchanges for an aggressive more than year-long drilling programme targeting coal seam gas in Southland and Otago.
Further delays for West Coast coal-mining company
Further delays for West Coast coal-mining company
Specialist hard-coking coal-miner Pike River Coal delivered a string of bad news to shareholders - who hammered its stock - yesterday, after announcing further delays to to the start of exporting its premium grade West Coast coal.
Mining and metallurgy conference exploring resource issues
Mining and metallurgy conference exploring resource issues
New Zealand's mining sector is expecting the National-led Government to continue introducing more "mining friendly" policies as it promotes doubling the industry's annual output in value from $2 billion to $4 billion.
Home owners, businesses high and dry in liquidation
Home owners, businesses high and dry in liquidation
The voluntary liquidation of Signature Homes' Otago franchise has prompted a number of complaints from home owners alleging they have been landed with extra costs of tens of thousands of dollars.
Can cover uncompleted work but not bankruptcy
Can cover uncompleted work but not bankruptcy
Guarantees by the Registered Master Builder Federation can include insurance for payments of up to $30,000 if a master builder does not complete the job, but does not protect home buyers against a franchise house building company going broke.
Pike River tipped to post $14m yearly loss
Pike River tipped to post $14m yearly loss
Specialist hard coking coal supplier Pike River Coal is expected to post a $14 million loss next week for full-year results, but retains plenty of cash in hand as it strives to meet its inaugural delivery deadline of the end of November.
Briscoe outlook bright
Briscoe outlook bright
Retailer Briscoe group expects to double its after-tax profit to "at least" $6.5 million when it reports its half-year results in early September.