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South Port first-half profit climbs 19% as fertiliser shipments bolsters cargo flows
By Paul McBeth Feb. 7 (BusinessDesk) - South Port New Zealand, which operates the country's southern-most port, lifted first-half profit 19 percent as cargo volumes were bolstered by fertiliser shipments, and it anticipates bigger annual earnings. Net profit rose to $4.9 m...
Land Information Minister Sage says Sullivan Mine didn't meet economic benefit test
By Jonathan Underhill Feb. 7 (BusinessDesk) - Bathurst Coal couldn't persuade Land Information Minister Eugenie Sage that its plan to buy Solid Energy's mothballed Sullivan Mine on the Denniston Plateau was a good enough deal for New Zealand. She declined the application us...
NZ's tight labour market about skills, not capacity, economists say
By Rebecca Howard Feb. 7 (BusinessDesk) - New Zealand's high underemployment rate indicates spare capacity in the labour market, and complaints by firms struggling to find labour are largely due to the mix of skills rather than sheer numbers, economists say. Governmen...
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